January 10, 2015
This week's everyday economics involved 6 economists and such ideas as product differentiation, behavioral economics, marginal utility, price and trade.
January 9, 2015
January 4, 2015
Behavioral economic ideas show that product differentiation and consumer preference are more from branding than the taste of colas or beers.
January 3, 2015
Our everyday economics include globalization, opportunity cost, inflation, employment, monetary policy, negative externalities, recession, business cycle.
January 1, 2015
A top ten list for sounding like an economist is economic humor that might come in handy.
December 29, 2014
Whether health insurance or individuals pay for healthcare, treatment decisions relate to the opportunity cost of using the time, money and resources.
December 28, 2014
The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.
December 27, 2014
Our everyday economics include consumption expenditures, Pigovian taxes, variable pricing,economies of scale, unskilled labor, national income and the money supply.
December 26, 2014
Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.
December 25, 2014
If they tried to include the work that moms and dads do at home, national income accounting statisticians would have a tough time quantifying unpaid work.
December 22, 2014
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
December 20, 2014