Economics: Most Popular Articles
These articles are the most popular over the last month.
Legalize 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.
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
Nominal vs. Real Variables
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?
Recessions vs. Depressions
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?
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?
Understanding 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.
Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India
What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?
Economic Indicators Guide
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?
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
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?
Externality
Externality Defined - A Dictionary Definition of Externality
Externality Defined - A Dictionary Definition of Externality
Marijuana Legalization
Should the U.S. government legalize marijuana? Over 500 economists sign a letter promoting marijuana legalization.
Should the U.S. government legalize marijuana? Over 500 economists sign a letter promoting marijuana legalization.
Short Run vs. Long Run
Article answers the question: I am undergoing an economics lecture at the undergraduate level and cannot understand the difference between "long run" and "short run". How long is the long run and how long is the short run?
Article answers the question: I am undergoing an economics lecture at the undergraduate level and cannot understand the difference between "long run" and "short run". How long is the long run and how long is the short run?
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 is simply a tax or duty placed on an imported good by a domestic government. Tariffs are usually levied as a percentage of the declared value of the good, similar to a sales tax.
In my article "The Softwood Lumber Dispute" we saw an example of a tariff placed on a foreign good. A tariff is simply a tax or duty placed on an imported good by a domestic government. Tariffs are usually levied as a percentage of the declared value of the good, similar to a sales tax.
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.
Post War Economy
An examination of the American economy after World War II.
An examination of the American economy after World War II.
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.
Cross-Price Elasticity of D...
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
Economics Glossary
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!
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.
Calculating Real Interest Rate
"Calculating and Understanding Real Interest Rates" explains what the real rate of interest is and how it can easily be calculated. We also show how it can be used to make investment decisions.
"Calculating and Understanding Real Interest Rates" explains what the real rate of interest is and how it can easily be calculated. We also show how it can be used to make investment decisions.
Government and the Economy
A look at the role government plays in the economy.
A look at the role government plays in the economy.
Cost-Push Inflation vs. Dem...
We Answer The Question: What do the terms "Cost-Push Inflation" and "Demand-Pull Inflation" mean? What's the difference between the two.
We Answer The Question: What do the terms "Cost-Push Inflation" and "Demand-Pull Inflation" mean? What's the difference between the two.
Expansionsary 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?
Online Microeconomics Textbook
About.com's online Microeconomics Textbook helps students clarify microeconomic concepts they may be unclear about.
About.com's online Microeconomics Textbook helps students clarify microeconomic concepts they may be unclear about.
A Beginner's Guide to Exchange Rates and the Foreign Exchange Market
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.
Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
Insider Trading
Insider Trading: What did Martha Do? is a brief look at insider trading and why many forms of insider trading are illegal.
Insider Trading: What did Martha Do? is a brief look at insider trading and why many forms of insider trading are illegal.
Monetary & Fiscal Policy Intro
An introduction to American monetary policy and fiscal policy.
An introduction to American monetary policy and fiscal policy.
Ex Post
Ex Post Defined - A Dictionary Definition of Ex Post
Ex Post Defined - A Dictionary Definition of Ex Post
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
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.
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.
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.
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?'
Microeconomics Student Reso...
Help for students having trouble with Microeconomics. Microeconomics tips and tricks are available. http://economics.about.com/cs/studentresources/a/micro_help.htm
Help for students having trouble with Microeconomics. Microeconomics tips and tricks are available. http://economics.about.com/cs/studentresources/a/micro_help.htm
Hedonic
Hedonic Defined - A Dictionary Definition of Hedonic
Hedonic Defined - A Dictionary Definition of Hedonic
What is a Monopoly?
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.
What Is Economics?
Article for beginners answers the question What is Economics?
Article for beginners answers the question What is Economics?
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.
P value
P-value is associated with a test statistic. It is "the probability, if the test statistic really were distributed as it would be under the null hypothesis, of observing a test statistic [as extreme as, or more extreme than] the one actually observed."
P-value is associated with a test statistic. It is "the probability, if the test statistic really were distributed as it would be under the null hypothesis, of observing a test statistic [as extreme as, or more extreme than] the one actually observed."
Contractionary Fiscal Policy
Contractionary Fiscal Policy Defined - A Dictionary Definition of Contractionary Fiscal Policy
Contractionary Fiscal Policy Defined - A Dictionary Definition of Contractionary Fiscal Policy
t-Statistic
t-Statistic Defined - A Dictionary Definition of t-Statistic
t-Statistic Defined - A Dictionary Definition of t-Statistic
Purchasing Power Parity Theory
Article answers the question: "I am currently taking an economics class and we are now discussing purchasing power parity. I am lost, could you help me out?"
Article answers the question: "I am currently taking an economics class and we are now discussing purchasing power parity. I am lost, could you help me out?"
Marginal Revenue and Cost
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.
A Mixed Economy
A look at the mixed economy of the United States.
A look at the mixed economy of the United States.
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!
Frictional Unemployment
Frictional Unemployment Defined - A Dictionary Definition of Frictional Unemployment
Frictional Unemployment Defined - A Dictionary Definition of Frictional Unemployment
Five Economics Term Paper Topic Suggestions - Introduction
Tips, links and sources for writing an economics term paper.
Tips, links and sources for writing an economics term paper.
Purchasing Power Parity Link
A reader's response to the article "The Trade Deficit and Exchange Rates"
A reader's response to the article "The Trade Deficit and Exchange Rates"
Macroeconomics Student Reso...
Help for students having trouble with Macroeconomics. Macroeconomics tips and tricks are available. http://economics.about.com/cs/studentresources/a/macro_help.htm
Help for students having trouble with Macroeconomics. Macroeconomics tips and tricks are available. http://economics.about.com/cs/studentresources/a/macro_help.htm
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
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.
Economics - Articles
An index of articles for the Economics guide site.
An index of articles for the Economics guide site.
What are Capital Markets?
Article answers the question "What are capital markets?" for those new to economics.
Article answers the question "What are capital markets?" for those new to economics.
What is Economic Efficiency?
Article answers the question "What does Economic Efficiency mean?" for those new to economics.
Article answers the question "What does Economic Efficiency mean?" for those new to economics.
Economics and Scale
Article answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
Article answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
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
Why Study Economics?
A reader asks: "Perhaps this is an unusual request. My daughter just completed first year of A levels. She will go for an Economics degree next year. She is required to make a write up and to answer interview questions on this write up as to why she wants to study Economics." In Why Study Economics? we discuss various reasons why someone would want to study economics.
A reader asks: "Perhaps this is an unusual request. My daughter just completed first year of A levels. She will go for an Economics degree next year. She is required to make a write up and to answer interview questions on this write up as to why she wants to study Economics." In Why Study Economics? we discuss various reasons why someone would want to study economics.
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.
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.
Tariffs vs. 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.
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 Not Just Print More Money?
Article answers the question: "Can you help me find a "simple" way to explain why it is not a good idea to just print more money."
Article answers the question: "Can you help me find a "simple" way to explain why it is not a good idea to just print more money."
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.
Utilitarianism
Utilitarianism Defined - A Dictionary Definition of Utilitarianism
Utilitarianism Defined - A Dictionary Definition of Utilitarianism
What is a Ponzi Scheme
An article aimed at beginners that answers the questions "What is a Ponzi Scheme? How do Ponzi Schemes Work?"
An article aimed at beginners that answers the questions "What is a Ponzi Scheme? How do Ponzi Schemes Work?"
FDI
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
Where Can I Get Economics D...
"Where Can I Get Economics Department Rankings" looks at different lists which ranks graduate schools in economics. http://economics.about.com/cs/studentresources/a/grad_rankings.htm
"Where Can I Get Economics Department Rankings" looks at different lists which ranks graduate schools in economics. http://economics.about.com/cs/studentresources/a/grad_rankings.htm
Calculus and Elasticities
An article which explains how to calculate various elasticities using calculus.
An article which explains how to calculate various elasticities using calculus.
Industrialization
Industrialization Defined - A Dictionary Definition of Industrialization
Industrialization Defined - A Dictionary Definition of Industrialization
Preventing 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?
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?
Trade Deficit
The Trade Deficit and Exchange Rates
The Trade Deficit and Exchange Rates
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
Taxes and 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?
Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
How Corporations Raise Capital
An examination of how capital is raised by corporations.
An examination of how capital is raised by corporations.
Ex Ante / Ex-Ante
Ex Ante / Ex-Ante Defined - A Dictionary Definition of Ex Ante / Ex-Ante
Ex Ante / Ex-Ante Defined - A Dictionary Definition of Ex Ante / Ex-Ante
Monopsony
Monopsony Defined - A Dictionary Definition of Monopsony
Monopsony Defined - A Dictionary Definition of Monopsony
What Are Interest Rates
Article for beginners answers the question: What are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
Imports and Export Data
Doing an economics or econometrics project? Get all the imports and exports economic data you need right here. Economic data available for all kinds of econometrics and economics assignments.
Doing an economics or econometrics project? Get all the imports and exports economic data you need right here. Economic data available for all kinds of econometrics and economics assignments.
The Bretton Woods System
An examination of the Bretton Woods system.
An examination of the Bretton Woods system.
Years of Change
An examination of the American economy during the 1960s and 1970s.
An examination of the American economy during the 1960s and 1970s.
Elasticity for Beginners
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
Prices in Recessions
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.
Certainty Equivalent
Certainty Equivalent Defined - A Dictionary Definition of Certainty Equivalent
Certainty Equivalent Defined - A Dictionary Definition of Certainty Equivalent
The Logic of Collective Action
Why do so many government policies make such little economic sense? The best answer I've seen to this question comes from The Logic of Collective Action. Mancur Olson's The Logic of Collective Action explains why some groups are able to have a larger influence on government policy than others.
Why do so many government policies make such little economic sense? The best answer I've seen to this question comes from The Logic of Collective Action. Mancur Olson's The Logic of Collective Action explains why some groups are able to have a larger influence on government policy than others.
Government Intervention
A look at the growth of government intervention in the American Economy.
A look at the growth of government intervention in the American Economy.
Budget Lines
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.
Recession
Recession Defined - A Dictionary Definition of Recession
Recession Defined - A Dictionary Definition of Recession
Indifference Curves
Article examines the economic concept of indifference curves and shows students how they can use indifference curves to solve economic problems.
Article examines the economic concept of indifference curves and shows students how they can use indifference curves to solve economic problems.
America's Capitalist Economy
An examination of the capitalist economy of the United States.
An examination of the capitalist economy of the United States.
Market
Market Defined - A Dictionary Definition of Market
Market Defined - A Dictionary Definition of Market
Study For 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.
Liquidity
Liquidity Defined - A Dictionary Definition of Liquidity
Liquidity Defined - A Dictionary Definition of Liquidity
Productivity
Productivity Defined - A Dictionary Definition of Productivity
Productivity Defined - A Dictionary Definition of Productivity
Marijuana Demand
Would Marijuana Legalization Increase the Demand for Marijuana?
Would Marijuana Legalization Increase the Demand for Marijuana?
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
Five Economics Term Paper Topic Suggestions - Cigarette Taxes
Tips, links and sources for writing a term paper on cigarette taxes.
Tips, links and sources for writing a term paper on cigarette taxes.
Correlation
Correlation Defined - A Dictionary Definition of Correlation
Correlation Defined - A Dictionary Definition of Correlation
Aggregate Demand
Aggregate Demand Defined - A Dictionary Definition of Aggregate Demand
Aggregate Demand Defined - A Dictionary Definition of Aggregate Demand
History of the Trade Deficit
A historical examination of the American trade deficit.
A historical examination of the American trade deficit.
U.S. vs Canada Exchange Rate
Article answers the question: I’ve noticed that the Canadian Dollar has increased in value quite a bit relative to the U.S. Dollar over the last few months. I was wondering if this was because the Canadian Dollar is doing well, or because the U.S. Dollar is doing poorly?
Article answers the question: I’ve noticed that the Canadian Dollar has increased in value quite a bit relative to the U.S. Dollar over the last few months. I was wondering if this was because the Canadian Dollar is doing well, or because the U.S. Dollar is doing poorly?
Online Macroeconomics Textbook
About.com's online Macroeconomics Textbook helps students clarify macroeconomic concepts they may be unclear about.
About.com's online Macroeconomics Textbook helps students clarify macroeconomic concepts they may be unclear about.
Mortality
Mortality Defined - A Dictionary Definition of Mortality
Mortality Defined - A Dictionary Definition of Mortality
Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Exchange Rate
Exchange Rate Defined - A Dictionary Definition of Exchange Rate
Exchange Rate Defined - A Dictionary Definition of Exchange Rate
Inflation
Inflation Defined - A Dictionary Definition of Inflation
Inflation Defined - A Dictionary Definition of Inflation
Choosing a Graduate School ...
I am an MSc student in economics and I want to pursue a Ph.D. in economics in the United States. I want to follow a career in macroeconomics and econometrics. Can you recommend good pre-Ph.D. books and a good graduate college? How do I pick a graduate school in economics?
I am an MSc student in economics and I want to pursue a Ph.D. in economics in the United States. I want to follow a career in macroeconomics and econometrics. Can you recommend good pre-Ph.D. books and a good graduate college? How do I pick a graduate school in economics?
The Decline of Union Power
An examination of the decline of union power in the United States.
An examination of the decline of union power in the United States.
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
Outline of the U.S. Economy
This free online economics textbook "Outline of the U.S. Economy" is an adaptation of the book "Outline of the U.S. Economy" by Conte and Carr and has been adapted with permission from the U.S. Department of State.
This free online economics textbook "Outline of the U.S. Economy" is an adaptation of the book "Outline of the U.S. Economy" by Conte and Carr and has been adapted with permission from the U.S. Department of State.
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
Stock
Stock Defined - A Dictionary Definition of Stock
Stock Defined - A Dictionary Definition of Stock
What is a Recession?
An examination of recessions - what they are, what causes them, how do we know if we're in a recession and the political implications of a recession. The full business cycle and other economic indicators are considered.
An examination of recessions - what they are, what causes them, how do we know if we're in a recession and the political implications of a recession. The full business cycle and other economic indicators are considered.
Price Elasticity Gasoline
price elasticity of demand, gasoline
price elasticity of demand, gasoline
Bureaucracy
Bureaucracy Defined - A Dictionary Definition of Bureaucracy
Bureaucracy Defined - A Dictionary Definition of Bureaucracy
Budget
Budget Defined - A Dictionary Definition of Budget
Budget Defined - A Dictionary Definition of Budget
Laissez-faire
A look at the dichotomy between laissez-faire economics and governnment intervention.
A look at the dichotomy between laissez-faire economics and governnment intervention.
Aggregate Demand Question
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions.
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions.
Sunk Costs
Sunk Costs Defined - A Dictionary Definition of Sunk Costs
Sunk Costs Defined - A Dictionary Definition of Sunk Costs
Regulation and Control
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.
Bond
Bond Defined - A Dictionary Definition of Bond
Bond Defined - A Dictionary Definition of Bond
Ceteris Paribus
Ceteris Paribus Defined - A Dictionary Definition of Ceteris Paribus
Ceteris Paribus Defined - A Dictionary Definition of Ceteris Paribus
What Is a Commodity?
Article answers the question "What is a Commodity?" for those new to economics.
Article answers the question "What is a Commodity?" for those new to economics.
The M1 Money Supply
The M1 Money Supply Defined - A Dictionary Definition of The M1 Money Supply
The M1 Money Supply Defined - A Dictionary Definition of The M1 Money Supply
Principal-Agent Problem
Principal-Agent Problem Defined - A Dictionary Definition of Principal-Agent Problem
Principal-Agent Problem Defined - A Dictionary Definition of Principal-Agent Problem
What are Opportunity Costs?
Article answers the question "What are Opportunity Costs?" for those new to economics.
Article answers the question "What are Opportunity Costs?" for those new to economics.
Credit Cards - 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.
Adam Smith
A short biography of Scottish economist Adam Smith.
A short biography of Scottish economist Adam Smith.
Per-Capita Money Supply
Here I answer the e-mail question "If all the money in the US was divided up evenly and given to every American over 21 or so, how much would each person get?" by examining the definitions of the M1, M2, and M3 money supply, then work on calculating what the money supply per capita is.
Here I answer the e-mail question "If all the money in the US was divided up evenly and given to every American over 21 or so, how much would each person get?" by examining the definitions of the M1, M2, and M3 money supply, then work on calculating what the money supply per capita is.
Wars and the Economy
Article which asks the question "Are Wars Good for the Economy?" and discusses the broken window fallacy.
Article which asks the question "Are Wars Good for the Economy?" and discusses the broken window fallacy.
Interpreting the Price/Earnings Ratio
An explanation of what the price/earnings ratio is (the P/E ratio) and why it's important.
An explanation of what the price/earnings ratio is (the P/E ratio) and why it's important.
Structrual Unemployment
Structrual Unemployment Defined - A Dictionary Definition of Structrual Unemployment
Structrual Unemployment Defined - A Dictionary Definition of Structrual Unemployment
Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
Labor Force Participation Rate
Article answers the question "What is the Labor Force Participation Rate?" for those new to economics.
Article answers the question "What is the Labor Force Participation Rate?" for those new to economics.
Introduction: Capital Markets
A first look at capital markets.
A first look at capital markets.
Great Depression
An examination of the Great Depression aimed towards students.
An examination of the Great Depression aimed towards students.
Economic Growth: 20th Century
An examination of the role governments have played in economic growth.
An examination of the role governments have played in economic growth.
Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy
Barter Economy Defined - A Dictionary Definition of Barter Economy
Poverty in the United States
A look at poverty and inequality in the United States.
A look at poverty and inequality in the United States.
Value of the Dow Jones
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
Poverty
Poverty Defined - A Dictionary Definition of Poverty
Poverty Defined - A Dictionary Definition of Poverty
Demand
Demand Defined - A Dictionary Definition of Demand
Demand Defined - A Dictionary Definition of Demand
Heteroskedastic
Heteroskedastic Defined - A Dictionary Definition of Heteroskedastic
Heteroskedastic Defined - A Dictionary Definition of Heteroskedastic
Constructing Indifference
Article examines how a student can construct an indifference curve.
Article examines how a student can construct an indifference curve.
Cobb-Douglas Production
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
F.O.B. / Free On Board
F.O.B. / Free On Board Defined - A Dictionary Definition of F.O.B. / Free On Board
F.O.B. / Free On Board Defined - A Dictionary Definition of F.O.B. / Free On Board