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.
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?
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?
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
Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
Pro Forma Defined - A Dictionary Definition of Pro Forma
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?
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?
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?
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.
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.
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.
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.
Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India
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.
What is Economics?
Article for beginners answers the question What is Economics?
Article for beginners answers the question What is Economics?
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.
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!
What is Microeconomics?
Article for beginners answers the question: What is Microeconomics?
Article for beginners answers the question: What is Microeconomics?
Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
Morbidity Defined - A Dictionary Definition of Morbidity
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."
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.
Utilitarianism
Utilitarianism Defined - A Dictionary Definition of Utilitarianism
Utilitarianism Defined - A Dictionary Definition of Utilitarianism
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.
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?
Ex Post
Ex Post Defined - A Dictionary Definition of Ex Post
Ex Post Defined - A Dictionary Definition of Ex Post
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?
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.
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.
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
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
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.
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.
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
A Mixed Economy
A look at the mixed economy of the United States.
A look at the mixed economy of the United States.
Why Get an Economics Ph.D?
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.
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.
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.
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?
Ph.D in Economics
Many students consider completing a Ph.D. in economics. Is a Ph.D. in economics right for you? How can you better improve your odds of completing the program?
Many students consider completing a Ph.D. in economics. Is a Ph.D. in economics right for you? How can you better improve your odds of completing the program?
Externality
Externality Defined - A Dictionary Definition of Externality
Externality Defined - A Dictionary Definition of Externality
Hedonic
Hedonic Defined - A Dictionary Definition of Hedonic
Hedonic Defined - A Dictionary Definition of Hedonic
What Is Money
Article for beginners answers the question: What is Money?
Article for beginners answers the question: What is Money?
t-Statistic
t-Statistic Defined - A Dictionary Definition of t-Statistic
t-Statistic Defined - A Dictionary Definition of t-Statistic
Government and the Economy
A look at the role government plays in the economy.
A look at the role government plays in the economy.
The Canadian Exchange Rate
Where to get exchange rate data and how to use it in order to analyze how the Canadian Dollar has performed relative to other currencies. Exchange rate dynamics are an interesting topic of study.
Where to get exchange rate data and how to use it in order to analyze how the Canadian Dollar has performed relative to other currencies. Exchange rate dynamics are an interesting topic of study.
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.
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.
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?
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
Books to Study for PhDs
Advice for a student considering entering graduate school in economics. The main advice is on books that you may want read for entering graduate school in economics.
Advice for a student considering entering graduate school in economics. The main advice is on books that you may want read for entering graduate school in economics.
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!
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
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?"
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."
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.
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.
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.
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?
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)
Productivity
Productivity Defined - A Dictionary Definition of Productivity
Productivity Defined - A Dictionary Definition of Productivity
Recession
Recession Defined - A Dictionary Definition of Recession
Recession Defined - A Dictionary Definition of Recession
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
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.
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.
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
Budget
Budget Defined - A Dictionary Definition of Budget
Budget Defined - A Dictionary Definition of Budget
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.
Introduction: Capital Markets
A first look at capital markets.
A first look at capital markets.
Price Elasticity Gasoline
price elasticity of demand, gasoline
price elasticity of demand, gasoline
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.
Post War Economy
An examination of the American economy after World War II.
An examination of the American economy after World War II.
Legalize Marijuana Reaction
The article "Time to Legalize Marijuana? - 500+ Economists Endorse Marijuana Legalization" received many responses. Here are just a few.
The article "Time to Legalize Marijuana? - 500+ Economists Endorse Marijuana Legalization" received many responses. Here are just a few.
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.
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.
Purchasing Power Parity Link
An article that shows how inflation and the exchange rate between two countries are linked through Purchasing Power Parity (PPP).
An article that shows how inflation and the exchange rate between two countries are linked through Purchasing Power Parity (PPP).
Monetary & Fiscal Policy Intro
An introduction to American monetary policy and fiscal policy.
An introduction to American monetary policy and fiscal policy.
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.
Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
Discount Factor Defined - A Dictionary Definition of Discount Factor
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.
What are Interest Rates
Article for beginners answers the question: What are Interest Rates?
Article for beginners answers the question: What are Interest Rates?
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
Marijuana Demand
Would Marijuana Legalization Increase the Demand for Marijuana?
Would Marijuana Legalization Increase the Demand for Marijuana?
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.
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?"
Frictional Unemployment
Frictional Unemployment Defined - A Dictionary Definition of Frictional Unemployment
Frictional Unemployment Defined - A Dictionary Definition of Frictional Unemployment
Liquidity
Liquidity Defined - A Dictionary Definition of Liquidity
Liquidity Defined - A Dictionary Definition of Liquidity
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.
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.
Bond
Bond Defined - A Dictionary Definition of Bond
Bond Defined - A Dictionary Definition of Bond
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?
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.
PhD in Economics
One student describes his experiences as a PhD student in Economics
One student describes his experiences as a PhD student in Economics
Mortality
Mortality Defined - A Dictionary Definition of Mortality
Mortality Defined - A Dictionary Definition of Mortality
Adam Smith
A short biography of Scottish economist Adam Smith.
A short biography of Scottish economist Adam Smith.
Inflation
Inflation Defined - A Dictionary Definition of Inflation
Inflation Defined - A Dictionary Definition of Inflation
Ceteris Paribus
Ceteris Paribus Defined - A Dictionary Definition of Ceteris Paribus
Ceteris Paribus Defined - A Dictionary Definition of Ceteris Paribus
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
Economics - Articles
An index of articles for the Economics guide site.
An index of articles for the Economics guide site.
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
Demand
Demand Defined - A Dictionary Definition of Demand
Demand Defined - A Dictionary Definition of Demand
Political Science
Political Science Defined - A Dictionary Definition of Political Science
Political Science Defined - A Dictionary Definition of Political Science
Correlation
Correlation Defined - A Dictionary Definition of Correlation
Correlation Defined - A Dictionary Definition of Correlation
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
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.
Market
Market Defined - A Dictionary Definition of Market
Market Defined - A Dictionary Definition of Market
Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
Unemployment Defined - A Dictionary Definition of Unemployment
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?"
Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
Budget Line Defined - A Dictionary Definition of Budget Line
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.
Trade Deficit
The Trade Deficit and Exchange Rates
The Trade Deficit and Exchange Rates
America's Capitalist Economy
An examination of the capitalist economy of the United States.
An examination of the capitalist economy of the United States.
Causes - Economic Meltdown
In this article a number of the causes of the 2007-2009 economic meltdown are discussed. What, exactly, caused the economy to falter so badly?
In this article a number of the causes of the 2007-2009 economic meltdown are discussed. What, exactly, caused the economy to falter so badly?
Poverty
Poverty Defined - A Dictionary Definition of Poverty
Poverty Defined - A Dictionary Definition of Poverty
Value of the Dow Jones
What does the value of the Dow Jones represent?
What does the value of the Dow Jones represent?
Constructing Indifference
Article examines how a student can construct an indifference curve.
Article examines how a student can construct an indifference curve.
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.
How Corporations Raise Capital
An examination of how capital is raised by corporations.
An examination of how capital is raised by corporations.
Economic Good
Economic Good Defined - A Dictionary Definition of Economic Good
Economic Good Defined - A Dictionary Definition of Economic Good
GDP Deflator
GDP Deflator Defined - A Dictionary Definition of GDP Deflator
GDP Deflator Defined - A Dictionary Definition of GDP Deflator
Stock Prices Are Determined
An examination of how stock prices are determined.
An examination of how stock prices are determined.
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.
Exchange Rate
Exchange Rate Defined - A Dictionary Definition of Exchange Rate
Exchange Rate Defined - A Dictionary Definition of Exchange Rate
Will the U.S. Go Into Depressi
This month (November 2008), the two most common questions I have been asked are, in order: 1. "Is the U.S. in a depression?" and 2. "Will the U.S. go into a depression in 2009?" To be able to answer those questions, we first need to define exactly what we mean by a depression.
This month (November 2008), the two most common questions I have been asked are, in order: 1. "Is the U.S. in a depression?" and 2. "Will the U.S. go into a depression in 2009?" To be able to answer those questions, we first need to define exactly what we mean by a depression.
What Happens if Interest Ra...
Can interest rates go to zero? Could they even be negative? I've heard that this has happened before. What would cause something like that to happen and what impact would it have on the economy?
Can interest rates go to zero? Could they even be negative? I've heard that this has happened before. What would cause something like that to happen and what impact would it have on the economy?
Lesser Known Economics Blogs
We all know about economics bloggers such as Greg Mankiw, Brad De Long, and the folks at Marginal Revolution. In this article we look at economics blogs you may not be familar with - but should be!
We all know about economics bloggers such as Greg Mankiw, Brad De Long, and the folks at Marginal Revolution. In this article we look at economics blogs you may not be familar with - but should be!
History of the Trade Deficit
A historical examination of the American trade deficit.
A historical examination of the American trade deficit.
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.
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
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.
Fisher Effect
Fisher Effect Defined - A Dictionary Definition of Fisher Effect
Fisher Effect Defined - A Dictionary Definition of Fisher Effect
Labor Productivity
Labor Productivity Defined - A Dictionary Definition of Labor Productivity
Labor Productivity Defined - A Dictionary Definition of Labor Productivity
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
Bureaucracy
Bureaucracy Defined - A Dictionary Definition of Bureaucracy
Bureaucracy Defined - A Dictionary Definition of Bureaucracy
Are Recessions Good
If recessions were necessary to "clean the fat out of the system", we'd expect to see there to be a lot of bankruptcies and firm closures during recessions and little during booms. The data, however does not support this.
If recessions were necessary to "clean the fat out of the system", we'd expect to see there to be a lot of bankruptcies and firm closures during recessions and little during booms. The data, however does not support this.
Stock
Stock Defined - A Dictionary Definition of Stock
Stock Defined - A Dictionary Definition of Stock
Elasticity
Elasticity Defined - A Dictionary Definition of Elasticity
Elasticity Defined - A Dictionary Definition of 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.
OLS
OLS / Ordinary Least Squares Defined - A Dictionary Definition of OLS / Ordinary Least Squares
OLS / Ordinary Least Squares Defined - A Dictionary Definition of OLS / Ordinary Least Squares
Banking in India
Article examines the Indian banking system and where the Indian banking sector is headed in the future.
Article examines the Indian banking system and where the Indian banking sector is headed in the future.
Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
Cyclical Unemployment Defined - A Dictionary Definition of Cyclical Unemployment
What is Econometrics?
Article for beginners answers the question: What is Econometrics?
Article for beginners answers the question: What is Econometrics?
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
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
Sunk Costs
Sunk Costs Defined - A Dictionary Definition of Sunk Costs
Sunk Costs Defined - A Dictionary Definition of Sunk Costs
Discount Rate
Discount Rate Defined - A Dictionary Definition of Discount Rate
Discount Rate Defined - A Dictionary Definition of Discount Rate
Capital
Capital Defined - A Dictionary Definition of Capital
Capital Defined - A Dictionary Definition of Capital
Aggregate Demand
Aggregate Demand Defined - A Dictionary Definition of Aggregate Demand
Aggregate Demand Defined - A Dictionary Definition of Aggregate Demand
Baseball Players and Opportunity Costs
Mike shows how economics can help us better understand why Major League Baseball teams make the moves they do.
Mike shows how economics can help us better understand why Major League Baseball teams make the moves they do.