Friday, November 25, 2016

Keynes vs Classical Model to reach Full Employment in a Recession.

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This AP Macroeconomic test topic is always a bit confusing for students AND teachers alike.  I struggled with it for a long time. Here are...
Wednesday, November 23, 2016

Wall Board (Sheet Rock) Tariffs Levied by Canada.

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I am kinda bored on Thanksgiving Eve.   Read this article on tariffs Canada is going to levy on Wall Board (Sheet Rock) that is used to fin...
Saturday, November 19, 2016

Cost of Thanksgiving Day Meal in Minimum Wage Terms...

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The American Farm Bureau has published its "annual informal price survey of classic items found on the Thanksgiving Day dinner table...
Friday, November 18, 2016

Nice excerpt from the WSJ that illustrates Comparative Advantage.

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The following is from a WSJ article on the automaker Ford's decision to produce a model in the US versus perhaps moving production to Me...
Wednesday, November 2, 2016

AD/AS Graphs

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Monday, October 31, 2016

Keynesian Multipliers Made Easy. Ok, maybe a little less hard is a better way to put it.

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The Keynesian Multipliers, both the Govt/Investment and Tax Multipliers, can be a tricky concept.  I am going to TRY to simplify it as much ...

Nice resource for illustrating "Increasing Opportunity Costs" and the concave nature of the PPF

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Here is a nice article on the great productivity slowdown in the US, and in the developed world for the most part. The article is interest...
Saturday, October 15, 2016

Calculating a Price Index and Rate of Inflation.

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Calculating a "Market Basket" for purposes of creating a "Price Index" is tough for many students. I am going to try t...

Calculating a Price Index and Rate of Inflation.

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Calculating a "Market Basket" for purposes of creating a "Price Index" is tough for many students. I am going to try t...
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...
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