Articles Index

The Arguments Against Free Trade

This article outlines the arguments that people make against free trade and explains the flaws in the reasoning of each of the arguments.

What Is Economics?

This article describes what economics is and what economics isn't.

The Federal Reserve System

This article explains what the Federal Reserve is and what function it serves in the economy.

The Costs of Inflation

This article outlines the economic costs of inflation.

The Efficiency-Wage Theory

This article defines the efficiency-wage theory and explains why efficiency wages might exist in practice.

Economist Ben Bernanke

This article gives a brief biography of economist Ben Bernanke.

Economist Alan Krueger

A short biography of economist Alan Krueger

Measuring Unemployment

This article explains how economists define unemployment.

Introduction to Monopolistic Competition

This article gives an overview of the features of a monopolistically competitive market.

Gross Domestic Product

This article outlines what Gross Domestic Product measures.

The Expenditure Categories of Gross Domestic Product

This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.

What Is Supply?

This article introduces the concept of economic supply.

What Is Demand?

This article introduces the concept of economic demand.

What Is Behavioral Economics?

This article gives an introduction to the field of behavioral economics.

Measures of an Economy's Income

This article defines various measures of an economy's output and income.

The Short Run versus The Long Run

This article discusses the economic distinction between the short run and the long run.

Introduction to Externalities

This article introduces the concept of externalities, or market side effects, and explains how they can arise in a market.

The Coase Theorem

This article gives an overview of the Coase Theorem.

Types of Unemployment

This article outlines the different types of unemployment and explains how each one can arise in an economy.

Economist Ronald Coase

This article gives a brief biography of economist Ronald Coase.

Types of Money

This article explains the different types of money than can arise in an economy.

Awards and Honors for Economists

This article gives an overview of different awards and honors that are considered prestigious for economists.

What Is a Monopoly?

This article explains what a monopoly is and how markets can give rise to monopolies.

Economist Elinor Ostrom

This article gives a brief biography of economist Elinor Ostrom.

Introduction to Welfare Analysis

This article introduces the concept of welfare analysis that economists use to calculate how much value markets create for society.