Thursday, January 18, 2018

When is the value of an export not the value of the export?

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Here is a graphic I found on Twitter (lost the source).  It is a vivid example of how the trade numbers are a bit of an illusion. The grap...
Wednesday, January 3, 2018

Another reminder of the importance of the supply chain for a good.

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Here is a graphic from a French publication that nicely illustrates the importance of the regional and global supply chain for inputs that g...
Wednesday, December 20, 2017

"The Sisterhood of the Traveling Pants" is not just a movie title---it is a story of International Trade. Those pants REALLY DO travel

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Saw this graphic on Twitter HERE . It nicely illustrates the complexity of international trade. Trade is the sum of the supply chain tha...

Do we buy stuff from Countries OR do we buy stuff from people? Here is a different look at US trade numbers.

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Trade numbers are published on a national level---comparing country to country. No problem with that, but here is another way to frame the n...
Wednesday, November 22, 2017

Thanksgiving Day meal adjusted for historical minimum and average wage. Are we better off?

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The American Farm Bureau does an annual pricing of a Thanksgiving Day meal to illustrate the changes in prices over time. They use the foll...
Wednesday, September 13, 2017

PPF: Constant Opportunity Cost and Increasing Opportunity Cost

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Saturday, September 2, 2017

Thinking about majoring in Economics but wonder what kind of careers are available?

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Wednesday, August 30, 2017

Continuum of Economic Systems

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Labeling and characterizing particular countries economic systems based on how they are organized to allocate societies scarce resources ca...
Saturday, August 26, 2017

Dwayne "The Rock " Johnson understands TANSTAAFL. Video proof!

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This from his Facebook page.  He is acknowledging a young mans heroics (rightly so!) but at the end of this video (about the 50 second mark)...
Friday, August 25, 2017

Potential Real GDP vs Actual Real GDP and the PPF.

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Here is a  nice illustration of "Potential Real GDP" vs "Actual Real GDP.  Potential GDP is an estimate at a given point in t...
Sunday, August 20, 2017

Hotel price surge for the Eclipse: Price Gouging or Revenue Smoothing? Easy call for me...

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If you are looking for a last minute hotel room in the path of the eclipse you will either find no availability or a shockingly high price f...
Tuesday, August 15, 2017

Foreign Exchange Market presentation for AP Macroeconomics

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Foreign exchange market from Gene Hayward

Smartphone/Creative Destruction Cartoon. I see lots of consumer and producer surplus value. How about you?

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Stop and think about ALL the separate and distinct products we used to have to purchase individually to do all the things a Smartphone can d...

Keynesian Multiplier Effect Illustrated

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Here is a presentation I created that explains the Keynesian Multiplier Effect in as simple terms as I can make it.  I bit long in number of...

Wording for Correct answers for Foreign Exchange Market (FOREX) on the AP Macroeconomics FRQ's

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On the AP Macroeconomics exam you can be 99% certain you will be asked Foreign Exchange Market question(s) on the FRQ section of the test....
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