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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
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.
Impact of Globalisation on Developing Countries...
Impact of Globalisation on Developing Countries and India
What Is Economics?
Article for beginners answers the question What is Economics?
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.
Microeconomics Versus Macroeconomics
This article explains the distinction between microeconomics and macroeconomics.
What Are The Three Types of Unemployment?
There are three types of unemployment. How do they differ?
Why Study Economics?
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What are Opportunity Costs?
: What are Opportunity Costs? : Unlike most costs discussed in economics, an opportunity cost is not
What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
What Is the Government's Role in the Economy?
A look at the role government plays in the economy.
Why Not Just Print More Money?
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What Is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
What Is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
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?'
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
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.
Economics - The A to Z List
Want to know the meaning of an economics term? Look no further than here!
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.
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?
What Is the Labor Force Participation Rate?
: What is the Labor Force Participation Rate? : The labor force participation rate is the percentage
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
A Beginner's Guide to Exchange Rates and the...
An introduction to what exchange rates are and what causes them to change.
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?
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.
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.
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.
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.
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.
Definition of Market
Market Defined - A Dictionary Definition of Market
The 3 Types of Money in an Economy
This article explains the different types of money than can arise in an economy.
Colonization of the United States
An examination of the colonization of the United States.
What are Cost-Push Inflation and Demand-Pull...
We Answer The Question: What do the terms
Marginal Analysis
A look at the use of marginal analysis in economics. An article for students new to economics.
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
A Mixed Economy: The Role of the Market
A look at the mixed economy of the United States.
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.
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.
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?
Increasing, Decreasing, and Constant Returns to...
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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.
What does Economic Efficiency mean?
: What does Economic Efficiency mean? : Economic efficiency is a term typically used in microeconomics
Five Economics Term Paper Topic Suggestions -...
Tips, links and sources for writing an economics term paper.
What Are Tariffs and How Do They Effect the...
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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.
What Are the Different Types of Taxes?
This article introduces different types of taxes and discusses some of the specific features of each. Page 3.
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.
How Do Economists Measure Unemployment?
This article explains how economists define unemployment.
The Short Run Versus The Long Run
This article discusses the economic distinction between the short run and the long run.
Calculating and Understanding Real Interest Rates
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Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.
What Are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
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.
The Post War Economy: 1945-1960
An examination of the American economy after World War II.
The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.
Definition of Gross National Product (GNP)
Gross National Product (GNP) Defined - A Dictionary Definition of Gross National Product (GNP)
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
The Demand Curve
This article introduces the demand curve and discusses a few of its features.
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?
Real Exchange Rates
This article gives an overview of what real exchange rates are and how they are used.
5 Strategies Corporations Use to Raise Capital
An examination of how capital is raised by corporations.
Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
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.
What Is a Foreign Direct Investment?
FDI / Foreign Direct Investment Defined - A Dictionary Definition of FDI / Foreign Direct Investment
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?
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.
10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.
Using Calculus To Calculate Price Elasticity of...
An article which explains how to calculate various elasticities using calculus.
What's a Free Market Economy?
Free Market Economy Defined - A Dictionary Definition of Free Market Economy
Definition of GDP / Gross Domestic Product
GDP / Gross Domestic Product Defined - A Dictionary Definition of GDP / Gross Domestic Product
Definition of Externality
Externality Defined - A Dictionary Definition of Externality
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.
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?
Does Pure Capitalism Exist in the United States?
An examination of the capitalist economy of the United States.
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.
What Is a Monopoly?
This article explains what a monopoly is and how markets can give rise to monopolies.
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.
How Adam Smith Became the Founding Father of...
A short biography of Scottish economist Adam Smith.
What Are the 5 Elements of a Ponzi Scheme?
An article aimed at beginners that answers the questions
The Relationship Between Average and Marginal...
This article outlines the relationship between average cost and marginal cost and shows intuitively why this relationship holds. Page 5.
What Is a Commodity?
Article answers the question. Economics.
Government Involvement in the American Economy
An examination of the role governments have played in economic growth.
Is a PhD in Economics Right for You?
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
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.
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.
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.
Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.
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.
From Real to Prime, Understand the Different...
What's the Difference Between all the Interest Rates in the Newspaper?
Money
Money Defined - A Dictionary Definition of Money
Marginal Revenue and the Demand Curve
This article explains the relationship between the marginal revenue curve and the demand curve.
What Is Capital?
Capital Defined - A Dictionary Definition of Capital
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.
Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
Definition of Law of Demand
Law of Demand Defined - A Dictionary Definition of Law of Demand.
The Federal Reserve System
This article explains what the Federal Reserve is and what function it serves in the economy.
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.
Small Business in the United States
A discussion of American small business.
Calculating Economic Equilibrium
This article shows how to find economic equilibrium using algebra.
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. Page 3.
Definition of Cobb-Douglas Production Function
Cobb-Douglas Production Function Defined - A Dictionary Definition of Cobb-Douglas Production Function
Economics Glossary
Want to know the meaning of an economics term? Look no further than here!
Would a Gasoline Tax Cause People to Buy Less...
price elasticity of demand, gasoline
How Does the US Balance Government and Free...
An examination of the U.S. government's role in the economy.
P-value - Dictionary definition of P-value
P-value is associated with a test statistic. Learn more about p-values and its relation to economics.
The Quantity Theory of Money
This article introduces the quantity theory of money and discusses various critiques of the theory.
Budget Lines and Indifference Curves
Article examines how to use and calculate budget lines and how they relate to indifference curves.
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
What Is a Country's Current Account Balance?
Current Account Balance Defined - A Dictionary Definition of Current Account Balance
The Gini Coefficient
This article introduces the Gini coefficient as a numerical measure of income inequality.
What Is Econometrics?
Article for beginners answers the question: What Is Econometrics?
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).
Ace Your Econometrics Test
Econometrics is the most difficult course for Economics majors. These tips should help you triumph over your Econometrics test. If you can ace Econometrics, you can pass any Economics course.
Understand the Economics of Supply and Demand
The basics of Supply and Demand. Economics.
Books to Study Before Going to Graduate School...
Reading recommendations for a student entering graduate school in economics. These will help prepare you for classes you will likely take. Page 2.
Economics - The Basic Assumptions
This article discusses the basic assumptions of any Economics 101 or 'Economics Principles' course.
Interpreting the Price/Earnings Ratio
An explanation of what the price/earnings ratio is (the P/E ratio) and why it's important.
The Bretton Woods System: Tying World Currency...
An examination of the Bretton Woods system.
What Is the Discount Factor?
Discount Factor Defined - A Dictionary Definition of Discount Factor
The Coase Theorem
This article gives an overview of the Coase Theorem.
Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
Definition of Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy.
The Economy in the 1980s
An examination of the state of the American economy during the 1980s.
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.
How Are Stock Market Prices Set?
An examination of how stock prices are determined.
Definition of Natural Increase
Natural Increase Defined - A Dictionary Definition of Natural Increase
Definition of Demand
Demand Defined - A Dictionary Definition of Demand
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?
How Has Farming Influenced America's Economy?
A look at the impact agriculture has on the American 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
The Importance of the Supply and Demand Model
This article introduces the supply and demand model.
The Expenditure Categories of Gross Domestic...
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
How to Use and Interpret Indifference Curves
Article examines the economic concept of indifference curves and shows students how they can use indifference curves to solve economic problems.
Can You Beat the Stock Market? Find Out What...
This article introduces the concept of the efficient markets hypothesis.
Introduction to Monopolistic Competition
This article gives an overview of the features of a monopolistically competitive market.
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.
Insider Trading
Insider Trading: What did Martha Do? is a brief look at insider trading and why many forms of insider trading are illegal.
What Does the Economic Term Dumping Mean?
Dumping Defined - A Dictionary Definition of Dumping
Why Is Economics Called the Dismal Science?
This article explains the background of how economics came to be known as the dismal science.
Giffen Goods
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.
What Is Demand?
This article introduces the concept of economic demand.
Cost Function
Cost Function Defined - A Dictionary Definition of Cost Function
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
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. Page 2.
How an Economy's Health Is Measured
This article outlines what Gross Domestic Product measures.
Laissez-faire Versus Government Intervention
A look at the dichotomy between laissez-faire economics and governnment intervention.
The Relationship Between Revenue and Price...
This article explains the relationship between a firm's revenue and the price elasticity of demand that it faces.
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