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Economics: Most Popular Articles

These articles are the most popular over the last month.
The Definitive Guide to Understanding Price...
Article gives a common-sense and easy to understand explanation of what price elasticity of demand is and how to calculate the price elasticity of demand
The Circular-Flow Model
This article describes the circular-flow model and explains how it shows the movement of money, goods and services, and factors of production in an economy.
Why Not Just Print More Money?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] Can you help
The Short Run Versus The Long Run
This article discusses the economic distinction between the short run and the long run.
In Economics, What's the Difference Between...
Nominal vs. Real Question Answered: I'm learning economics and I keep hearing the terms nominal and real all the time to describe things like interes rates. What's the difference between nominal and real?
Explaining 5 Types of Unemployment
This article outlines the different types of unemployment and explains how each one can arise in an economy.
A Beginner's Guide to Exchange Rates and the...
An introduction to what exchange rates are and what causes them to change.
What Was The Gold Standard?
A look at what the gold standard was and how it differs from the fiat system of money today. A comparison of fiat money and the gold standard.
The Production Function
This article introduces the economic production function, which relate the quantity of output to the amount of capital, labor, and other factors of production that a company uses.
Cross-Price Elasticity of Demand
Article gives a common-sense and easy to understand explanation of what the cross-price elasticity of demand is and how to calculate the cross-price elasticity of demand
The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.
10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.
What Is the Labor Force Participation Rate?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
Real Exchange Rates
This article gives an overview of what real exchange rates are and how they are used.
Expansionary Monetary Policy vs. Contractionary...
I'm having a little trouble trying to understand expansionary monetary policies and contractionary monetary policies. Can you help explain what impact expansionary monetary policies and contractionary monetary policies have on the economy?
What Is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
How Does Money Work?
Article for beginners answers the question: What Is Money? After reading the article, you will be able to give a quick and correct answer to the question 'What Is Money?'
Price Elasticity of Supply
Article gives a common-sense and easy to understand explanation of what price elasticity of supply is and how to calculate the price elasticity of supply.
Increasing, Decreasing, and Constant Returns to...
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] I was wondering
Why does money have value?
Find the answer to this week'’s economics question, “Why does money have value?” here. The value of money is not a topic people think about too often but it is quite vital in understanding economics.
What Is the Government's Role in the Economy?
A look at the role government plays in the economy.
Marginal Revenue and the Demand Curve
This article explains the relationship between the marginal revenue curve and the demand curve.
Income Elasticity of Demand
Article gives a common-sense and easy to understand explanation of what income elasticity of demand is and how to calculate the income elasticity of demand.
Will the World Ever Run Out of Oil?
For as long as I can remember, I've been hearing that the world oil supply will run out in a few decades. I remember quite vividly growing up in the early 1980's hearing that there wouldn't be any oil left by the time I learned how to drive. Fortunately the prediction of a depleted oil supply never came true.
Why Study Economics?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] : Perhaps
What Do Economists Mean by Short and Long Run?
Article answers the question: I am undergoing an economics lecture at the undergraduate level and cannot understand the difference between
The Demand Curve
This article introduces the demand curve and discusses a few of its features.
The Budget Constraint
This article introduces the concept of the budget constrains and describes some of its important features.
What Is Economics?
Article for beginners answers the question What is Economics?
Microeconomics vs. Macroeconomics: What's the...
This article explains the distinction between microeconomics and macroeconomics.
The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.
Using Calculus To Calculate Price Elasticity of...
An article which explains how to calculate various elasticities using calculus.
Helpful Tips to Ace that Econ Exam
How To Study For Your Economics Exam. Tips on how to study for your economics exam that is a few weeks away as well as tips on how to cram the night before, if necessary.
Extreme Cases of Income Taxes' Effect on...
What effect do income taxes have on economic growth? Will lower income tax rates lead to higher growth, or will they just line the pockets of the rich?
A Beginner's Guide to Purchasing Power Parity...
A full overview of the PPP Theory in economics for beginners, explaining how it works and what the theory implies.
Positive Versus Normative Analysis in Economics
This article explains the role of economics in public policy and explains the difference between positive and normative analysis.
Calculating Economic Equilibrium
This article shows how to find economic equilibrium using algebra.
How to Understand and Calculate Cost Measures
This article explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
What Are Tariffs and How Do They Effect the...
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The 3 Types of Money in an Economy
This article explains the different types of money than can arise in an economy.
What Is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
Economics - The A to Z List
Want to know the meaning of an economics term? Look no further than here!
The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features.
The Coase Theorem
This article gives an overview of the Coase Theorem.
Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
What Is the GDP Deflator and Why Is it Used?
This article introduces the concept of the GDP deflator as a measure of aggregate price level and shows how it can be used to measure inflation.
The Relationship Between Average and Marginal...
This article outlines the relationship between average cost and marginal cost and shows intuitively why this relationship holds.
Impact of Globalisation on Developing Countries...
Impact of Globalisation on Developing Countries and India
Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.
The Quantity Theory of Money
This article introduces the quantity theory of money and discusses various critiques of the theory.
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
The Economy in the 1980s
An examination of the state of the American economy during the 1980s.
Calculating and Understanding Real Interest Rates
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] I have a
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
What Determines an Exchange Rate
A discussion for beginners that examines what determines an exchange rate or the value of a currency. Why do currencies go up and down?
Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall.
Exchange Rates
I want to be able to read exchange rate charts. I read A Beginner's Guide to Exchange Rates and the Foreign Exchange Market and I understand the lemons and oranges, but I am missing the base. If I look at a chart produced by someone in the United States and the index number next to US$ is 1.69 and the index value of the Euro is 1.89, am I saying that 1.89 Euros has the same value as 1.69 US$?
The Post War Economy: 1945-1960
An examination of the American economy after World War II.
What's the Difference Between a Recession and a...
How can I tell the difference between a recession and a depression? What is the definition of a recession? Of a depression? How can we tell when we're in a recession oe when we're going to get out of one?
What are Cost-Push Inflation and Demand-Pull...
We Answer The Question: What do the terms
Calculating Gross Domestic Product Using Value...
This article shows how to calculate Gross Domestic Product using the value added at each stage of production.
What Are The Three Types of Unemployment?
There are three types of unemployment. How do they differ?
Does Pure Capitalism Exist in the United States?
An examination of the capitalist economy of the United States.
Elasticity Versus the Slopes of the Demand and...
This article explains the relationship between elasticity and the slopes of the demand and supply curves.
More Factors Which Influence the Demand for Money
This question answers the questions: What is the demand for money? Does that change? The other three elements all make perfect sense to me but demand for money is confusing me to no end. Page 2.
The Expenditure Categories of Gross Domestic...
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
Demand - The Economics of Demand
Demand - what do economists mean when they use the term demand? A common sense discussion on the economic concept of demand.
How Do Economists Measure Unemployment?
This article explains how economists define unemployment.
5 Strategies Corporations Use to Raise Capital
An examination of how capital is raised by corporations.
Why Do Oil Prices and the Canadian Dollar Move...
Article answers the question:. Economics.
Giffen Goods
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.
Marginal Revenue and Marginal Cost Practice...
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.
A Mixed Economy: The Role of the Market
A look at the mixed economy of the United States.
5 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.
Definition of Market
Market Defined - A Dictionary Definition of Market
5 Tips to Help You Understand Utility in...
Marginal Utility is a concept introduced very early in microeconomics. But what exactly is marginal utility and how do we use it?
Five Economics Term Paper Topic Suggestions -...
Tips, links and sources for writing an economics term paper.
Definition of Constant Returns to Scale
Constant Returns to Scale Defined - A Dictionary Definition of Constant Returns to Scale
Would a Gasoline Tax Cause People to Buy Less...
price elasticity of demand, gasoline
What Is a Commodity?
Article answers the question. Economics.
Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.
The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.
Gold Standard vs. Fiat Money
A look at what the gold standard was and how it differs from the fiat system of money today. A comparison of fiat money and the gold standard. Page 2.
Introduction to Revenue
This article gives an overview of the different ways to measure revenue.
What Is Arbitrage?
Article answers the following question: What is arbitrage? What markets do arbitrageurs usually trade on? The answers to your arbitrage questions right here.
Definition of Externality
Externality Defined - A Dictionary Definition of Externality
Definition of The Double Coincidence of Wants
The Double Coincidence of Wants Defined - A Dictionary Definition of The Double Coincidence of Wants
What Is Deflation and How Can it Be Prevented?
Deflation and Printing Money: Is the problem that there is more to printing money than printing money? Is in fact the way printed money gets into circulation, that the fed buys bonds, and thus get money into the economy? When the government prints money it causes inflation. Would printing more money cure deflation?
Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure.
Introduction to Exchange Rates
This article introduces the concept of exchange rates and foreign exchange and explains the distinction between nominal and real exchange rates.
Are Wars Good for the Economy?
The standard argument goes as follows: Let's suppose that the economy is in the low end of the business cycle, so we're in a recession or just a period of low economic growth.
How Do Economists Define Supply?
Supply - what do economists mean when they use the term supply? A common sense discussion on the economic concept of supply.
Are Credit Cards A Form Of Money?
Are credit cards are a from of money? An interesting and unusual question about! Let's take a look at what is considered to be money and where credit cards fit in.
Money
Money Defined - A Dictionary Definition of Money
Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.
Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale.
What are Opportunity Costs?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
What Is the Demand For Money?
This question answers the questions: What is the demand for money? Does that change? The other three elements all make perfect sense to me but demand for money is confusing me to no end.
Utility
Utility Defined - A Dictionary Definition of Utility
What Effects Does Monetary Policy Have?
I'm having a little trouble trying to understand expansionary monetary policies and contractionary monetary policies. Can you help explain what impact expansionary monetary policies and contractionary monetary policies have on the economy. Page 2.
What Is an Externality? Learn the 4 Possibilities
This article introduces the concept of externalities, or market side effects, and explains how they can arise in a market.
What Are the 5 Elements of a Ponzi Scheme?
An article aimed at beginners that answers the questions
The Costs of Production
This article outlines different ways to measure the costs of production.
What Are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit.
The Importance of the Supply and Demand Model
This article introduces the supply and demand model.
What does Economic Efficiency mean?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
Definition of Gross National Product (GNP)
Gross National Product (GNP) Defined - A Dictionary Definition of Gross National Product (GNP)
How Do You Measure the Size of the Economy?
A discussion on how we measure how big the economy is and how it is performing.
Would 0% Unemployment Be a Good Thing?
class="no-js" itemscope itemtype="http://schema.org/Article" > [A:] Thanks for the great question! While
Cost Curves
This article illustrates the cost curves associated with a typical firm's costs of production.
The Gini Coefficient
This article introduces the Gini coefficient as a numerical measure of income inequality.
Cost Minimization
This article introduces a basic rule that can be used by firms to figure out what mix of labor and capital produces output at lowest cost.
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
The Effects of a Black Market Using Supply and...
We show through supply and demand analysis what happens when a black market is created.
A Beginner's Guide to Economic Indicators
I'm constantly hearing about economic indicators in the news, but I'm never sure what they're talking about. What are economic indicators and why are they important?
What's a Free Market Economy?
Free Market Economy Defined - A Dictionary Definition of Free Market Economy
How Are Stock Market Prices Set?
An examination of how stock prices are determined.
Purchasing Power Parity: Link Between Exchange...
An article that shows how inflation and the exchange rate between two countries are linked through Purchasing Power Parity (PPP).
How Adam Smith Became the Founding Father of...
A short biography of Scottish economist Adam Smith.
Public Goods, Common Resources, and Club Goods
This article outlines the different types of goods that can exist when property rights are not well-defined.
The Federal Reserve System
This article explains what the Federal Reserve is and what function it serves in the economy.
Definition of Demand
Demand Defined - A Dictionary Definition of Demand
What Is Econometrics?
Article for beginners answers the question: What Is Econometrics?
Should Governments Legalize and Tax Marijuana?
The war on drugs is an expensive battle, as a great deal of resources go into catching those who buy or sell illegal drugs on the black market, prosecuting them in court, and housing them in jail. In a recent study for the Fraser Institute, Economist Stephen T. Easton attempted to calculate how much tax revenue the Canadian government could gain by legalizing marijuana.
Shifting the Supply Curve
This article explains when and how to shift a supply curve.
What Is Money?
This article outlines the characteristics of money and explains the economic difference between money and wealth.
The Supply Curve
This article introduces the supply curve and discusses a few of its features.
Profit Maximization
This article outlines the condition for maximizing profit.
What Is a Monopoly?
This article explains what a monopoly is and how markets can give rise to monopolies.
Shifting the Demand Curve
This article explains when and how to shift a demand curve.
What Is the Difference Between Relative PPP and...
Relative PPP vs. Absolute PPP. Definitions and descriptions. What Is the Difference Between Relative PPP and Absolute PPP?
What Is Demand?
This article introduces the concept of economic demand.
From Real to Prime, Understand the Different...
What's the Difference Between all the Interest Rates in the Newspaper?
Small Business in the United States
A discussion of American small business.
The Changing Landscape of Pensions in the US
An examination of pensions for workers in the United States.
Economics Glossary
Want to know the meaning of an economics term? Look no further than here!
Graphing Profit
This article shows how to show the amount of profit that a firm makes graphically.
Looking at the New Frontier and the Great...
An examination of the American economy during the 1960s and 1970s.
The Bretton Woods System: Tying World Currency...
An examination of the Bretton Woods system.
Why Pay Workers More? An Economist’s...
The modern use of the term efficiency wages is in reference to the hypothesis that wages are not always based upon the process of market-clearing.
Budget Lines and Indifference Curves
Article examines how to use and calculate budget lines and how they relate to indifference curves.
The Economics of Price Gouging
This article outlines the economics involved in the scenario commonly referred to as price gouging.
Books to Study Before Going to Graduate School...
Advice for a student considering entering graduate school in economics. The main advice is on books that you may want read for entering graduate school in economics.
Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
Nominal Interest Rates and Money Supply and...
This article explains how money supply and money demand come together to determine nominal interest rates in an economy.
Why Is Economics Called the Dismal Science?
This article explains the background of how economics came to be known as the dismal science.
The Advantages of Calculating Arc Elasticity
Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity
Definition of Fiat Money
Fiat Money Defined - A Dictionary Definition of Fiat Money
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