Sunday, August 27, 2023

The use of the word "Necessary" in the opening of the Dec of Independence was no accident...

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And this is only the beginning! This is a deep-ish dive into the historical AND literary meaning/structure of the Dec of Independence. Basic...
Monday, August 14, 2023

Redundancy Trap with the ACT

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These can be sneaky. Beware of "redundancy"---using different words that mean the same to describe or explain one thing. Here is...

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Source: ACT Prep Academy
Thursday, May 9, 2019

Private vs Pubic Goods

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Saturday, May 12, 2018

Quick Personal Finance Lesson: What these 4 things are costing you each week/month.

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I like the focus of this blog post here: Beware the Four Horseman of Personal Finance. It cites 4 basic things to AVOID in order to vastly...
Monday, April 2, 2018

Tariffs and Marginal Analysis--what economists care about.

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A big issue this week is the Trump administrations levying of tariffs on imported steel and aluminum.  Just yesterday China announced that ...
Wednesday, January 31, 2018

I updated my 2007 in-class Stock Market Activity. I did pretty well in the over the last 10 years.

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I recently found the companies I used for a stock market activity for class in 2007 and updated the value with current prices. The number o...
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...
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