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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?
Short Run vs. Long Run
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What Are The Three Types of Unemployment?
There are three types of unemployment. How do they differ?
The Post War Economy: 1945-1960
An examination of the American economy after World War II.
Explaining 5 Types of Unemployment
This article outlines the different types of unemployment and explains how each one can arise in an economy.
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?
Why Not Just Print More Money?
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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
Increasing, Decreasing, and Constant Returns to...
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] I was wondering
Government's Role in the Economy
A look at the role government plays in the economy.
What Is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
Impact of Globalisation on Developing Countries...
Impact of Globalisation on Developing Countries and India
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.
Cost-Push Inflation vs. Demand-Pull Inflation
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] What do 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.
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?'
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.
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.
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 Is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
Why Study Economics?
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A Beginner's Guide to Purchasing Power Parity...
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What are Opportunity Costs?
: What are Opportunity Costs? : Unlike most costs discussed in economics, an opportunity cost is not
Calculating and Understanding Real Interest Rates
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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.
What Is Economics?
Article for beginners answers the question What is Economics?
What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
A Beginner's Guide to Exchange Rates and the...
An introduction to what exchange rates are and what causes them to change.
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
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?
Five Economics Term Paper Topic Suggestions -...
Tips, links and sources for writing an economics term paper.
What Is the Labor Force Participation Rate?
: What is the Labor Force Participation Rate? : The labor force participation rate is the percentage
The Efficient Markets Hypothesis
This article introduces the concept of the efficient markets hypothesis.
Measuring Unemployment
This article explains how economists define unemployment.
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.
Using Calculus To Calculate Price Elasticity of...
An article which explains how to calculate various elasticities using calculus.
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 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 Are Tariffs and How Do They Effect the...
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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.
Microeconomics Versus Macroeconomics
This article explains the distinction between microeconomics and macroeconomics.
The Economy in the 1980s
An examination of the state of the American economy during the 1980s.
Economics - The A to Z List
Want to know the meaning of an economics term? Look no further than here!
How Corporations Raise Capital
An examination of how capital is raised by corporations.
Regressive, Proportional, and Progressive Taxes
This article introduces different types of taxes and discusses some of the specific features of each. Page 3.
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
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.
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?
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
Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.
Definition of Market
Market Defined - A Dictionary Definition of Market
Definition of Externality
Externality Defined - A Dictionary Definition of Externality
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.
What does Economic Efficiency mean?
: What does Economic Efficiency mean? : Economic efficiency is a term typically used in microeconomics
Types of Money
This article explains the different types of money than can arise in an economy.
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?
Government Involvement in the American Economy
An examination of the role governments have played in economic growth.
The Short Run Versus The Long Run
This article discusses the economic distinction between the short run and the long run.
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?
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
America's Capitalist Economy
An examination of the capitalist economy of the United States.
A Mixed Economy: The Role of the Market
A look at the mixed economy of the United States.
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.
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?
Stagflation in the 1970s
An examination of stagflation in the American economy during the 1970s.
Definition of Constant Returns to Scale
Constant Returns to Scale Defined - A Dictionary Definition of Constant Returns to Scale
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).
What's a Free Market Economy?
Free Market Economy Defined - A Dictionary Definition of Free Market 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.
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.
The Federal Reserve System
This article explains what the Federal Reserve is and what function it serves in the economy.
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.
The Bretton Woods System
An examination of the Bretton Woods system.
Definition of Bond
Bond Defined - A Dictionary Definition of Bond
Real Exchange Rates
This article gives an overview of what real exchange rates are and how they are used. Page 3.
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.
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.
Marginal Revenue and the Demand Curve
This article explains the relationship between the marginal revenue curve and the demand curve.
Years of Change: The 1960s and 1970s
An examination of the American economy during the 1960s and 1970s.
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?
What Is a Monopoly?
This article explains what a monopoly is and how markets can give rise to monopolies.
What Are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
What's the Price Elasticity of Demand for...
price elasticity of demand, gasoline
Are Wars Good for the Economy?
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The Coase Theorem
This article gives an overview of the Coase Theorem.
Time to Legalize Marijuana? - 500+ Economists...
Should the U.S. government legalize marijuana? Over 500 economists sign a letter promoting marijuana legalization.
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.
What Is a Commodity?
: What Is a Commodity? : When an economist, economics professor, or economics textbook talks about a
The Expenditure Categories of Gross Domestic...
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
The Slope of the Aggregate Demand Curve
This article explains why the aggregate demand curve slopes downwards.
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.
Marginal Analysis
A look at the use of marginal analysis in economics. An article for students new to economics.
10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.
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.
The Costs of Inflation
This article outlines the economic costs of inflation.
Small Business in the United States
A discussion of American small business.
Definition of Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Why Get an Economics Ph.D?
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
Definition of Current Account Balance
Current Account Balance Defined - A Dictionary Definition of Current Account Balance
The Life and Works of Adam Smith - A Biography...
A short biography of Scottish economist Adam Smith.
How Stock Prices Are Determined
An examination of how stock prices are determined.
Definition of The Double Coincidence of Wants
The Double Coincidence of Wants Defined - A Dictionary Definition of The Double Coincidence of Wants
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.
The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.
The Efficiency-Wage Theory
This article defines the efficiency-wage theory and explains why efficiency wages might exist in practice.
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
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 the Difference Between Relative PPP and...
Relative PPP vs. Absolute PPP. Definitions and descriptions. What Is the Difference Between Relative PPP and Absolute PPP?
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.
Budget Lines and Indifference Curves
Article examines how to use and calculate budget lines and how they relate to indifference curves.
What Is Fiscal Policy?
This article explains what fiscal policy is and how it affects the economy. Page 2.
The 1990s and Beyond
An examination of the American economy during the 1990s.
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. Page 2.
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.
Definition of Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy
Why Do Government Budget Deficits Grow During...
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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
The Baby Boom and the Future of the Economy
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Calculating Economic Equilibrium
This article shows how to find economic equilibrium using algebra.
Definition of Network Externalities
Network Externalities Defined - A Dictionary Definition of Network Externalities
Economics Glossary
Want to know the meaning of an economics term? Look no further than here!
Types of Taxes
This article introduces different types of taxes and discusses some of the specific features of each.
What Are Capital Markets?
: What Are Capital Markets? : Capital Market Resources A capital market is simply any market where a
If you thought the last definition was...
How can I tell the difference between a recession and a depression? Your depression answers here. Page 2.
Definition of Monopsony
Monopsony Defined - A Dictionary Definition of Monopsony
What Is the Current Account?
An article explaining what the Current Account is, for newcomers to economics.
Definition of Average Total Cost
Average Total Cost Defined - A Dictionary Definition of Average Total Cost
Supply and Demand - The Basics
The basics of Supply and Demand. Economics.
Gross Domestic Product
This article outlines what Gross Domestic Product measures.
Definition of Dumping
Dumping Defined - A Dictionary Definition of Dumping
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?
American Labor History
An examination of the history of the labor movement in the United States.
Definition of Gross National Product (GNP)
Gross National Product (GNP) Defined - A Dictionary Definition of Gross National Product (GNP)
Interpreting the Price/Earnings Ratio
An explanation of what the price/earnings ratio is (the P/E ratio) and why it's important.
The American Economy at the End of the 20th...
An examination of the American Economy during the end of the 20th century.
Total Factor Productivity
Total Factor Productivity Defined - A Dictionary Definition of Total Factor Productivity
Structrual Unemployment
Structrual Unemployment Defined - A Dictionary Definition of Structrual Unemployment
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.
Laissez-faire Versus Government Intervention
A look at the dichotomy between laissez-faire economics and governnment intervention.
Contractionary Fiscal Policy
Contractionary Fiscal Policy Defined - A Dictionary Definition of Contractionary Fiscal Policy
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.
Insider Trading
Insider Trading: What did Martha Do? is a brief look at insider trading and why many forms of insider trading are illegal.
Quantitative Easing
This article explains what quantitative easing is and what effect is has on the economy.
Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
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.
Agriculture and the Economy
A look at the impact agriculture has on the American economy.

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