Friday, August 5, 2016

Adjusting for inflation, how have 4 major Chicken Fast Food Restaurants fared since 1991?

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I saw the graphic below on a twitter account I follow from Nations Restaurant News . The numbers you see are in "millions"--put ...
Wednesday, August 3, 2016

UK minimum wage pre and post-Brexit. How has it changed?

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There is always a debate about the appropriate level at which the minimum wage should be set (or even if there should be one). Internation...
Sunday, July 31, 2016

Cherry-picking the Cherry Pickers. Should this grower be angry?

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A bit of a internet storm over a photo a Michigan cherry grower posted to Facebook.  A Michigan tart cherry farmer  is leaving 14% of...

A new tax on home buyers in Vancouver. A speed bump or pothole?

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The purpose of some types of targeted taxes is two fold.  One is to raise revenue and one is to change the behavior of markets participants ...
Thursday, July 28, 2016

Qd greater than Qs--- San Francisco Area Edition

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Just put this up on a projector and let students tell you what is going to continue to happen with housing prices in the San Francisco Bay...
Tuesday, July 19, 2016

Negative Externality Example: The cost of methane damage to the environment.

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This graphic comes from a study I found on the National Bureau of Economic Research (NBER) website.  It is a study that suggests producers a...

The fountain of youth: Pomegranates and the Demand Curve

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A nice example to use with a basic Demand Curve lesson. Two of the Determinants of Demand are a "change in consumer tastes/expectatio...
Thursday, July 7, 2016

Gasoline prices and how they affect many markets. Nice practice!

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Here is a terrific article from the WSJ  (I think it is ungated) that illustrates a bunch of introductory microeconomic concepts within the ...
Monday, July 4, 2016

Theme Park Price Index and the Disney Effect.

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I saw this line graph on my Twitter feed from the FRED data bank. It shows the change in the price index for "Amusement and Theme Parks...
Friday, July 1, 2016

Brexit and exchange rates. A simple example.

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Another short example of the effect "Brexit" has on trade in terms of the export and import of a finished goods from the UK . Th...
Tuesday, June 28, 2016

Brexit offers an opportunity for a short FOREX lesson.

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The British Pound Sterling has taken a beating in the span of a few short days.  It went from about $1.46 (at times higher) to a low of $1.3...

When "structural unemployment" is actually a job creator---Bank teller edition.

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One of the hardest things about teaching an introductory principles course like AP Economics is that, to a large degree, you have to teach m...

How depreciation of the Pound Sterling affects the Commoner.

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Throughout the past year, the British Pound Sterling has been trading against the US dollar at roughly $1.46 (this is just an eyeball guess-...
Sunday, June 26, 2016

What is the right Minimum Wage? In typical Economics fashion: "It depends"

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When I am asked whether or not we should have a higher minimum wage my answer is usually something like "a wage that helps all low/no s...
Wednesday, June 22, 2016

Go ahead and take a "Big Gulp" before reading this...Soda/Soft Drink Taxes and Welfare Loss

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Recently the city of Philadelphia imposed a 1.5 cent per ounce tax on the sale of "Sugary Soft Drinks" or "SSD's" fo...
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