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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
Explaining 5 Types of Unemployment
This article outlines the different types of unemployment and explains how each one can arise in an economy.
The Economy in the 1980s
An examination of the state of the American economy during the 1980s.
The Short Run Versus The Long Run
This article discusses the economic distinction between the short run and the long run.
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?
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?
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.
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 Government's Role in the Economy?
A look at the role government plays in the economy.
Why Not Just Print More Money?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] Can you help
Increasing, Decreasing, and Constant Returns to...
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] I was wondering
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.
Real Exchange Rates
This article gives an overview of what real exchange rates are and how they are used.
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 Is Inflation?
An article on inflation for beginners which answers the question: What is Inflation?
How Does Money Work?
Article for beginners answers the question: What Is Money? After reading the article, you will be able to give a quick and correct answer to the question 'What Is Money?'
The Post War Economy: 1945-1960
An examination of the American economy after World War II.
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.
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.
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 the Labor Force Participation Rate?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
The Coase Theorem
This article gives an overview of the Coase Theorem.
Extreme Cases of Income Taxes' Effect on...
What effect do income taxes have on economic growth? Will lower income tax rates lead to higher growth, or will they just line the pockets of the rich?
A Beginner's Guide to Exchange Rates and the...
An introduction to what exchange rates are and what causes them to change.
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.
Why Study Economics?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >[Q:] : Perhaps
The 3 Types of Money in an Economy
This article explains the different types of money than can arise in an economy.
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
Microeconomics vs. Macroeconomics: What's the...
This article explains the distinction between microeconomics and macroeconomics.
What Is the Business Cycle?
Article for beginners answers the question: What is the Business Cycle?
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.
What are Cost-Push Inflation and Demand-Pull...
We Answer The Question: What do the terms
Using Calculus To Calculate Price Elasticity of...
An article which explains how to calculate various elasticities using calculus.
What Are The Three Types of Unemployment?
There are three types of unemployment. How do they differ?
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.
The Demand Curve
This article introduces the demand curve and discusses a few of its features.
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 Economics?
Article for beginners answers the question What is Economics?
5 Strategies Corporations Use to Raise Capital
An examination of how capital is raised by corporations.
What Are Tariffs and How Do They Effect the...
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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'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?
How to Understand and Calculate Cost Measures
This article explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
What 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?
Impact of Globalisation on Developing Countries...
Impact of Globalisation on Developing Countries and India
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 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.
How Do Economists Measure Unemployment?
This article explains how economists define unemployment.
Marginal Revenue and the Demand Curve
This article explains the relationship between the marginal revenue curve and the demand curve.
Looking at the New Frontier and the Great...
An examination of the American economy during the 1960s and 1970s.
Calculating and Understanding Real Interest Rates
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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.
Definition of Constant Returns to Scale
Constant Returns to Scale Defined - A Dictionary Definition of Constant Returns to Scale
Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.
Does Pure Capitalism Exist in the United States?
An examination of the capitalist economy of the United States.
What are Opportunity Costs?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
A Mixed Economy: The Role of the Market
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!
The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.
Government Involvement in the American Economy
An examination of the role governments have played in economic growth.
The Gini Coefficient
This article introduces the Gini coefficient as a numerical measure of income inequality.
Stagflation in the 1970s
An examination of stagflation in the American economy during the 1970s.
Five Economics Term Paper Topic Suggestions -...
Tips, links and sources for writing an economics term paper.
What's a Free Market Economy?
Free Market Economy Defined - A Dictionary Definition of Free Market Economy
10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.
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.
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.
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.
What Is Microeconomics?
Article for beginners answers the question: What Is Microeconomics?
The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.
Definition of Market
Market Defined - A Dictionary Definition of Market
Definition of The Double Coincidence of Wants
The Double Coincidence of Wants Defined - A Dictionary Definition of The Double Coincidence of Wants
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?
The Quantity Theory of Money
This article introduces the quantity theory of money and discusses various critiques of the theory.
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.
Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
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 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.
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.
The Budget Constraint
This article introduces the concept of the budget constraints and describes some of its important features. Page 2.
What Is a Commodity?
Article answers the question. Economics.
What does Economic Efficiency mean?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Question: What
Would a Gasoline Tax Cause People to Buy Less...
price elasticity of demand, gasoline
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?
Calculating Gross Domestic Product Using Value...
This article shows how to calculate Gross Domestic Product using the value added at each stage of production.
How Does the US Balance Government and Free...
An examination of the U.S. government's role in the economy.
The Federal Reserve System
This article explains what the Federal Reserve is and what function it serves in the economy.
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.
The Importance of the Supply and Demand Model
This article introduces the supply and demand model.
Exchange Rates
I want to be able to read exchange rate charts. I read A Beginner's Guide to Exchange Rates and the Foreign Exchange Market and I understand the lemons and oranges, but I am missing the base. If I look at a chart produced by someone in the United States and the index number next to US$ is 1.69 and the index value of the Euro is 1.89, am I saying that 1.89 Euros has the same value as 1.69 US$?
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 Are the 5 Elements of a Ponzi Scheme?
An article aimed at beginners that answers the questions
The Bretton Woods System: Tying World Currency...
An examination of the Bretton Woods system.
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. Page 5.
Giffen Goods
This article introduces the concept of a Giffen good and explains how Giffen goods can occur. Page 2.
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?
Definition of Externality
Externality Defined - A Dictionary Definition of Externality
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.
Would 0% Unemployment Be a Good Thing?
class="no-js" itemscope itemtype="http://schema.org/Article" > [A:] Thanks for the great question! While
The 1990s and Beyond
An examination of the American economy during the 1990s.
What Are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
Money
Money Defined - A Dictionary Definition of Money
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
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?
Definition of Demand
Demand Defined - A Dictionary Definition of Demand
Proportional Representation vs. First-Past-The-...
An examination of the advantages of using a Proportional Representation (PR) voting system over the first-past-the-post method used in countries such as the United States and Canada.
What Is a Monopoly?
This article explains what a monopoly is and how markets can give rise to monopolies.
Marginal Analysis
A look at the use of marginal analysis in economics. An article for students new to economics.
What Is a Country's Current Account Balance?
Current Account Balance Defined - A Dictionary Definition of Current Account Balance
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.
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).
Introduction to Rational Expectations
This article introduces the concept of rational expectations and explains why an assumption of rational assumption makes sense to describe the formation of beliefs about future events.
The Expenditure Categories of Gross Domestic...
This article outlines the different expenditure categories that are added up to calculate Gross Domestic Product.
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.
Nominal Interest Rates and Money Supply and...
This article explains how money supply and money demand come together to determine nominal interest rates in an economy. Page 3.
Definition of Entrenchment
Entrenchment Defined - A Dictionary Definition of Entrenchment
What Is the Discount Factor?
Discount Factor Defined - A Dictionary Definition of Discount Factor
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.
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.
What Does the Economic Term Dumping Mean?
Dumping Defined - A Dictionary Definition of Dumping
Elasticity Versus the Slopes of the Demand and...
This article explains the relationship between elasticity and the slopes of the demand and supply curves.
Calculating Economic Equilibrium
This article shows how to find economic equilibrium using algebra.
Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 10.
The Broken Window Fallacy
This article explains the parable of the broken window as told by Frederic Bastiat and discusses the impact of the reasoning on how to think about production versus economic value or wealth.
The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed. Page 6.
What Is International Economics?
Article for beginners answers the question: What Is International Economics?
Economic Recovery in the 1980s
An examination of the American economic recovery during the 1980s.
Definition of Capital Deepening
Capital Deepening Defined - A Dictionary Definition of Capital Deepening
What Is Money?
This article outlines the characteristics of money and explains the economic difference between money and wealth.
How Has Farming Influenced America's Economy?
A look at the impact agriculture has on the American economy.
Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale.
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.
How Do You Measure the Size of the Economy?
A discussion on how we measure how big the economy is and how it is performing.
Definition of Bond
Bond Defined - A Dictionary Definition of Bond
How Adam Smith Became the Founding Father of...
A short biography of Scottish economist Adam Smith.
Definition of Natural Increase
Natural Increase Defined - A Dictionary Definition of Natural Increase
The American Economy at the End of the 20th...
The United States entered the 21st century with an economy that was bigger, and by many measures more successful, than ever.
What Is Fiscal Policy?
This article explains what fiscal policy is and how it affects the economy. Page 2.
The Lump Sum Tax / Lump Sum Taxes - Glossary -...
The Lump Sum Tax / Lump Sum Taxes Defined - A Dictionary Definition of The Lump Sum Tax / Lump Sum Taxes
What Is Econometrics?
Article for beginners answers the question: What Is Econometrics?
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
Economics Glossary
Want to know the meaning of an economics term? Look no further than here!
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.
Oregon's Mileage Tax: A Truly Bad Idea
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >I try not to editorialize
The Effects of a Black Market Using Supply and...
We show through supply and demand analysis what happens when a black market is created.
Utility
Utility Defined - A Dictionary Definition of Utility
Understand the Major Types of Elasticity
Article gives a common-sense and easy to understand explanation of what elasticity is and how to calculate the elasticities

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