Monday, September 5, 2016

Determining Comparative Advantage the "Easy Way'.

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One of the hardest concepts for students (and teachers!) in the beginning of an economics course is Comparative Advantage. Specifically, det...
Friday, September 2, 2016

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...
Wednesday, August 24, 2016

Surplus Cheese and US Agricultural policy. Let's go to the graphs.

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I don't see this surplus as a problem but an opportunity for more Queso dip! The US government is buying 11 million pounds of cheese b...
Tuesday, August 23, 2016

"There is no profit in destruction***" said no media outlet ever. Louisiana Flood Edition...

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***Frederic Bastiat. Well, it has not happened yet, but wait for it... Here is a satellite photo ( from NYTimes ) that shows "Louis...
Wednesday, August 17, 2016

Market for Irish Cattle---Change in Quantity Supplied vs Change in Supply

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One of the most frustrating things to teach AND learn in a basic microeconomics class is the difference between a change in Quantity Demande...
Monday, August 15, 2016

A supply and demand lesson with agriculture in one snapshot of a webpage...Oh, and I made some graphs too!

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A supply and demand lesson with agriculture in one snapshot of a webpage ( Morning Ag Clips ) Lower prices are NOT what farmers want ...
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