Saturday, October 8, 2016

Bobcat hunting permits and Basic Economics. Not sure which gets killed more cruelly.

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Here is an interesting article that shows conflict between basic economic principles and a social policy that makes for a terrific lesson...
Monday, October 3, 2016

Take me out to the ballpark...but at 1950 prices, please.

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Found this on my Twitter feed (I lost the exact source. Apologies). According to the Bureau of Labor Statistics (BLS) inflation calculato...
Thursday, September 29, 2016

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Found this on a Twitter account I follow--- Restaurant News . (It has some great stuff for analyzing Microeconomic concepts from an industr...
Wednesday, September 28, 2016

Beef. It's what for dinner...before you run a half-marathon.

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One of the Determinants of Demand is "a change in consumer tastes/preferences".  Advertisers and other advocacy groups try to prom...
Tuesday, September 27, 2016

When a Tax is levied on the DEMAND SIDE.

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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...
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