Economics: Most Popular Articles
These articles are the most popular over the last month.
Price Elasticity of Demand
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
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
What's the Difference Between Nominal and Real?
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?
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?
Why Study Economics?
[Q:] : Perhaps this is an unusual request. My daughter just completed first year of A levels. She will
[Q:] : Perhaps this is an unusual request. My daughter just completed first year of A levels. She will
What Is Economics?
Article for beginners answers the question What is Economics?
Article for beginners answers the question What is Economics?
Types of Unemployment
This article outlines the different types of unemployment and explains how each one can arise in an economy.
This article outlines the different types of unemployment and explains how each one can arise in an economy.
What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
What are Opportunity Costs?
: What are Opportunity Costs? : Unlike most costs discussed in economics, an opportunity cost is not
: What are Opportunity Costs? : Unlike most costs discussed in economics, an opportunity cost is not
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.
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.
Impact of Globalisation on Developing Countries...
Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India
What Is Money?
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?'
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?'
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?
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?
Microeconomics Versus Macroeconomics
This article explains the distinction between microeconomics and macroeconomics.
This article explains the distinction between microeconomics and macroeconomics.
Short Run vs. Long Run
[Q:] I am undergoing an economics lecture at the undergraduate level and cannot understand the difference
[Q:] I am undergoing an economics lecture at the undergraduate level and cannot understand the difference
Government's Role in the Economy
A look at the role government plays in the economy.
A look at the role government plays in the economy.
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.
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.
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.
This article explains the role of economics in public policy and explains the difference between positive and normative analysis.
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
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
What Is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
Definition of Economic Good
Economic Good Defined - A Dictionary Definition of Economic Good
Economic Good Defined - A Dictionary Definition of Economic Good
Why Not Just Print More Money?
[Q:] Can you help me find a "simple" way to explain why it is not a good idea to just print more money.
[Q:] Can you help me find a "simple" way to explain why it is not a good idea to just print more money.
What Is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
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.
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.
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.
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.
A Beginner's Guide to Exchange Rates and the...
An introduction to what exchange rates are and what causes them to change.
An introduction to what exchange rates are and what causes them to change.
The Post War Economy: 1945-1960
An examination of the American economy after World War II.
An examination of the American economy after World War II.
Calculating and Understanding Real Interest Rates
[Q:] I have a couple of questions about the real interest rate I was hoping you could answer: I have
[Q:] I have a couple of questions about the real interest rate I was hoping you could answer: I have
The Life and Works of Adam Smith - A Biography...
A short biography of Scottish economist Adam Smith.
A short biography of Scottish economist Adam Smith.
Types of Money
This article explains the different types of money than can arise in an economy.
This article explains the different types of money than can arise in an economy.
P-value - Dictionary definition of P-value
: P value is associated with a test statistic. It is "the probability, if the test statistic really were
: P value is associated with a test statistic. It is "the probability, if the test statistic really were
Increasing, Decreasing, and Constant Returns to...
[Q:] I was wondering if you could help me. If I have a production function that has both labor and capital
[Q:] I was wondering if you could help me. If I have a production function that has both labor and capital
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.
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.
A Beginner's Guide to Purchasing Power Parity...
[Q:] I am currently taking an economics class and we are now discussing purchasing power parity. I am
[Q:] I am currently taking an economics class and we are now discussing purchasing power parity. I am
What Are The Three Types of Unemployment?
There are three types of unemployment. How do they differ?
There are three types of unemployment. How do they differ?
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Recession? Depression? What's the Difference?
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?
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?
The Effect of Income Taxes on Economic Growth
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?
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?
Tariffs - The Economic Effect of Tariffs
In my article The Softwood Lumber Dispute we saw an example of a tariff placed on a foreign good. A tariff
In my article The Softwood Lumber Dispute we saw an example of a tariff placed on a foreign good. A tariff
Economics - The A to Z List
Want to know the meaning of an economics term? Look no further than here!
Want to know the meaning of an economics term? Look no further than here!
Cost-Push Inflation vs. Demand-Pull Inflation
[Q:] What do the terms "Cost-Push Inflation " and "Demand-Pull Inflation" mean? What's the difference
[Q:] What do the terms "Cost-Push Inflation " and "Demand-Pull Inflation" mean? What's the difference
What is the Labor Force Participation Rate?
: What is the Labor Force Participation Rate? : The labor force participation rate is the percentage
: What is the Labor Force Participation Rate? : The labor force participation rate is the percentage
How To Study For Your Economics 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.
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.
How Corporations Raise Capital
An examination of how capital is raised by corporations.
An examination of how capital is raised by corporations.
What is a Ponzi Scheme? How Do Ponzi Schemes...
: What is a Ponzi Scheme? How Do Ponzi Schemes Work? : A Ponzi scheme is a scam investment designed to
: What is a Ponzi Scheme? How Do Ponzi Schemes Work? : A Ponzi scheme is a scam investment designed to
The Federal Reserve System
This article explains what the Federal Reserve is and what function it serves in the economy.
This article explains what the Federal Reserve is and what function it serves in the economy.
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?
A discussion for beginners that examines what determines an exchange rate or the value of a currency. Why do currencies go up and down?
Definition of Free Market Economy
Free Market Economy Defined - A Dictionary Definition of Free Market Economy
Free Market Economy Defined - A Dictionary Definition of Free Market Economy
What does Economic Efficiency mean?
: What does Economic Efficiency mean? : Economic efficiency is a term typically used in microeconomics
: What does Economic Efficiency mean? : Economic efficiency is a term typically used in microeconomics
What Is a Monopoly?
This article explains what a monopoly is and how markets can give rise to monopolies.
This article explains what a monopoly is and how markets can give rise to monopolies.
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?
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?
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.
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.
Definition of Externality
Externality Defined - A Dictionary Definition of Externality
Externality Defined - A Dictionary Definition of Externality
The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.
This article outlines all of the different factors than can affect economic demand for an item.
We Will Never 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.
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.
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).
An article that shows how inflation and the exchange rate between two countries are linked through Purchasing Power Parity (PPP).
A Mixed Economy: The Role of the Market
A look at the mixed economy of the United States.
A look at the mixed economy of the United States.
Why Get an Economics Ph.D?
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
What Are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
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.
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.
Definition of Market
Market Defined - A Dictionary Definition of Market
Market Defined - A Dictionary Definition of Market
Marginal Utility in Economics
Marginal Utility is a concept introduced very early in microeconomics. But what exactly is marginal utility and how do we use it?
Marginal Utility is a concept introduced very early in microeconomics. But what exactly is marginal utility and how do we use it?
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.
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.
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.
Demand - what do economists mean when they use the term demand? A common sense discussion on the economic concept of demand.
The Economy in the 1980s
An examination of the state of the American economy during the 1980s.
An examination of the state of the American economy during the 1980s.
Using Calculus To Calculate Price Elasticity of...
An article which explains how to calculate various elasticities using calculus.
An article which explains how to calculate various elasticities using calculus.
Definition of Current Account Balance
Current Account Balance Defined - A Dictionary Definition of Current Account Balance
Current Account Balance Defined - A Dictionary Definition of Current Account Balance
Measuring Unemployment
This article explains how economists define unemployment.
This article explains how economists define unemployment.
Marginal Analysis
A look at the use of marginal analysis in economics. An article for students new to economics.
A look at the use of marginal analysis in economics. An article for students new to economics.
The Economic Effect of Tariffs
Except in all but the rarest of instances, tariffs hurt the country that imposes them, as their costs
Except in all but the rarest of instances, tariffs hurt the country that imposes them, as their costs
Government Involvement in the American Economy
An examination of the role governments have played in economic growth.
An examination of the role governments have played in economic growth.
Small Business in the United States
A discussion of American small business.
A discussion of American small business.
The Life and Works of David Ricardo - A...
A short biography of economist David Ricardo.
A short biography of economist David Ricardo.
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.
This article outlines the arguments that people make against free trade and explains the flaws in the reasoning of each of the arguments.
Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.
A look at the use of regulation and control in the U.S. economy.
A Beginner's Guide to the Reserve Ratio
A Beginner's Guide to the Reserve Ratio looks at the impact the reserve ratio has on the money supply
A Beginner's Guide to the Reserve Ratio looks at the impact the reserve ratio has on the money supply
Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
Definition of Bond
Bond Defined - A Dictionary Definition of Bond
Bond Defined - A Dictionary Definition of Bond
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
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 Arbitrage?
Article answers the following question: What is arbitrage? What markets do arbitrageurs usually trade on? The answers to your arbitrage questions right here.
Article answers the following question: What is arbitrage? What markets do arbitrageurs usually trade on? The answers to your arbitrage questions right here.
The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets.
This article explains why monopolies are inefficient for society compared to competitive markets.
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
Supply - The Economics of Supply
Supply - what do economists mean when they use the term supply? A common sense discussion on the economic concept of supply.
Supply - what do economists mean when they use the term supply? A common sense discussion on the economic concept of supply.
America's Capitalist Economy
An examination of the capitalist economy of the United States.
An examination of the capitalist economy of the United States.
The Bretton Woods System
An examination of the Bretton Woods system.
An examination of the Bretton Woods system.
Marginal Revenue and the Demand Curve
This article explains the relationship between the marginal revenue curve and the demand curve.
This article explains the relationship between the marginal revenue curve and the demand curve.
How Stock Prices Are Determined
An examination of how stock prices are determined.
An examination of how stock prices are determined.
The Costs of Inflation
This article outlines the economic costs of inflation.
This article outlines the economic costs of inflation.
Real Exchange Rates
This article gives an overview of what real exchange rates are and how they are used.
This article gives an overview of what real exchange rates are and how they are used.
Definition of Law of Demand
Law of Demand Defined - A Dictionary Definition of Law of Demand
Law of Demand Defined - A Dictionary Definition of Law of Demand
Regressive, Proportional, and Progressive Taxes
This article introduces different types of taxes and discusses some of the specific features of each. Page 3.
This article introduces different types of taxes and discusses some of the specific features of each. Page 3.
The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.
This article outlines the different factors that affect the supply of a good or service.
Money
Money Defined - A Dictionary Definition of Money
Money Defined - A Dictionary Definition of Money
A short biography of John Maynard Keynes
A short biography of John Maynard Keynes
A short biography of John Maynard Keynes
What Is a Commodity?
: What Is a Commodity? : When an economist, economics professor, or economics textbook talks about a
: What Is a Commodity? : When an economist, economics professor, or economics textbook talks about a
What Is Econometrics?
Article for beginners answers the question: What Is Econometrics?
Article for beginners answers the question: What Is Econometrics?
What Are Capital Markets?
: What Are Capital Markets? : Capital Market Resources A capital market is simply any market where a
: What Are Capital Markets? : Capital Market Resources A capital market is simply any market where a
The Short Run versus The Long Run
This article discusses the economic distinction between the short run and the long run.
This article discusses the economic distinction between the short run and the long run.
Five Economics Term Paper Topic Suggestions -...
Tips, links and sources for writing an economics term paper.
Tips, links and sources for writing an economics term paper.
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.
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.
10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.
10 practice supply and demand questions to help students study for tests.
What's the Price Elasticity of Demand for...
price elasticity of demand, gasoline
price elasticity of demand, gasoline
A Beginner's Guide to Elasticity
Article gives a common-sense and easy to understand explanation of what elasticity is and how to calculate the elasticities
Article gives a common-sense and easy to understand explanation of what elasticity is and how to calculate the elasticities
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?
Relative PPP vs. Absolute PPP. Definitions and descriptions. What Is the Difference Between Relative PPP and Absolute PPP?
Types of Taxes
This article introduces different types of taxes and discusses some of the specific features of each.
This article introduces different types of taxes and discusses some of the specific features of each.
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?
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?
Definition of Gross National Product (GNP)
Gross National Product (GNP) Defined - A Dictionary Definition of Gross National Product (GNP)
Gross National Product (GNP) Defined - A Dictionary Definition of Gross National Product (GNP)
Why Do Government Budget Deficits Grow During...
Q: Why do government budget deficits grow during recessions? A: Terrific question! Let's investigate.
Q: Why do government budget deficits grow during recessions? A: Terrific question! Let's investigate.
The Efficient Markets Hypothesis
This article introduces the concept of the efficient markets hypothesis.
This article introduces the concept of the efficient markets hypothesis.
Would 0% Unemployment Be a Good Thing?
[A:] Thanks for the great question! While on the surface it appears that a 0% unemployment rate would
[A:] Thanks for the great question! While on the surface it appears that a 0% unemployment rate would
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.
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features.
Hypothesis Testing Using One-Sample t-Tests
You've got your regression results, but what do you do with them? Here we show how to conduct a one-sample t-test.
You've got your regression results, but what do you do with them? Here we show how to conduct a one-sample t-test.
Productivity
Productivity Defined - A Dictionary Definition of Productivity
Productivity Defined - A Dictionary Definition of Productivity
Definition of FDI / Foreign Direct Investment
FDI / Foreign Direct Investment Defined - A Dictionary Definition of FDI / Foreign Direct Investment
FDI / Foreign Direct Investment Defined - A Dictionary Definition of FDI / Foreign Direct Investment
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.
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.
What Happens if Interest Rates Go To Zero?
Can interest rates go to zero? Could they even be negative? I've heard that this has happened before. What would cause something like that to happen and what impact would it have on the economy?
Can interest rates go to zero? Could they even be negative? I've heard that this has happened before. What would cause something like that to happen and what impact would it have on the economy?
Agriculture and the Economy
A look at the impact agriculture has on the American economy.
A look at the impact agriculture has on the American economy.
If you thought the last definition was...
How can I tell the difference between a recession and a depression? Your depression answers here.
How can I tell the difference between a recession and a depression? Your depression answers here.
Introduction to Monopolistic Competition
This article gives an overview of the features of a monopolistically competitive market.
This article gives an overview of the features of a monopolistically competitive market.
Why Don't Prices Decline During A Recession?
When there is an economic expansion, demand seems to outpace supply, particularly for goods and services that take time and major capital to increase supply. As a result, prices generally rise (or there is at least price pressure). We look at why deflation does generally not occur during a recession.
When there is an economic expansion, demand seems to outpace supply, particularly for goods and services that take time and major capital to increase supply. As a result, prices generally rise (or there is at least price pressure). We look at why deflation does generally not occur during a recession.
Quantitative Easing
This article explains what quantitative easing is and what effect is has on the economy.
This article explains what quantitative easing is and what effect is has on the economy.
Economics as the "Dismal Science?"
This article explains the background of how economics came to be known as the dismal science.
This article explains the background of how economics came to be known as the dismal science.
Supply and Demand - The Basics
The basics of Supply and Demand
The basics of Supply and Demand
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.
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.
What You Need to Know About Monopolies and...
Article examines monopolies and companies in monopoly markets, and compares monopoly to oligopoly, monopolistic competition, and perfect competition.
Article examines monopolies and companies in monopoly markets, and compares monopoly to oligopoly, monopolistic competition, and perfect competition.
Arc Elasticity
Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity
Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity
Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.
This article shows how supply and demand come together to determine prices and quantities in a market.
The Expenditure Categories of Gross Domestic...
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
The Coase Theorem
This article gives an overview of the Coase Theorem.
This article gives an overview of the Coase Theorem.
Definition of Natural Increase
Natural Increase Defined - A Dictionary Definition of Natural Increase
Natural Increase Defined - A Dictionary Definition of Natural Increase
Definition of Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Definition of Average Total Cost
Average Total Cost Defined - A Dictionary Definition of Average Total Cost
Average Total Cost Defined - A Dictionary Definition of Average Total Cost
Budget Lines and Indifference Curves
Article examines how to use and calculate budget lines and how they relate to indifference curves.
Article examines how to use and calculate budget lines and how they relate to indifference curves.
Cost Function
Cost Function Defined - A Dictionary Definition of Cost Function
Cost Function Defined - A Dictionary Definition of Cost Function
Definition of Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy
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.
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.
The Trade Deficit and Exchange Rates
The Trade Deficit and Exchange Rates
The Trade Deficit and Exchange Rates
Stagflation in the 1970s
An examination of stagflation in the American economy during the 1970s.
An examination of stagflation in the American economy during the 1970s.
Definition of Cobb-Douglas Production Function
Cobb-Douglas Production Function Defined - A Dictionary Definition of Cobb-Douglas Production Function
Cobb-Douglas Production Function Defined - A Dictionary Definition of Cobb-Douglas Production Function
Why Are Tariffs Preferable to Quotas?
In this article we look at why tariffs are often preferred to import quotas. There's a few reasons why tariffs are more desirable than quotas.
In this article we look at why tariffs are often preferred to import quotas. There's a few reasons why tariffs are more desirable than quotas.
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. Page 3.
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade. Page 3.
Definition of Constant Returns to Scale
Constant Returns to Scale Defined - A Dictionary Definition of Constant Returns to Scale
Constant Returns to Scale Defined - A Dictionary Definition of Constant Returns to Scale
Years of Change: The 1960s and 1970s
An examination of the American economy during the 1960s and 1970s.
An examination of the American economy during the 1960s and 1970s.
Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
The 1990s and Beyond
An examination of the American economy during the 1990s.
An examination of the American economy during the 1990s.
What Is International Economics?
Article for beginners answers the question: What Is International Economics?
Article for beginners answers the question: What Is International Economics?
What Is the Current Account?
An article explaining what the Current Account is, for newcomers to economics.
An article explaining what the Current Account is, for newcomers to economics.
Definition of GDP / Gross Domestic Product
GDP / Gross Domestic Product Defined - A Dictionary Definition of GDP / Gross Domestic Product
GDP / Gross Domestic Product Defined - A Dictionary Definition of GDP / Gross Domestic Product