Updated Articles and Resources
- Price Elasticity - How to Use Cross Price and Own Price ElasticityCreated: 2009-10-31 @ 16:43:15 EDT Updated: 2009-10-31 @ 17:19:12 EDT
How to use measures of cross price and own price elasticity to determine how much a quantity will change. An example of a calculation… - Expansionary Monetary Policy, Aggregate Demand, and Inflation Adjust…Created: 2009-10-31 @ 14:09:29 EDT Updated: 2009-10-31 @ 15:23:27 EDT
An examination of what happens when we have cost of living allowances in an aggregate demand, aggregate supply model… - What Determines an Exchange RateCreated: 2009-10-29 @ 08:09:51 EDT Updated: 2009-10-29 @ 11:53:09 EDT
A discussion for beginners that examines what determines an exchange rate or the value of a currency. Why do currencies go up and down?… - Criterion Function - Dictionary Definition of Criterion FunctionCreated: 2009-10-17 @ 15:38:15 EDT
Criterion Function Defined - A Dictionary Definition of Criterion Function … - Exogeneous - Dictionary Definition of ExogeneousCreated: 2009-10-17 @ 15:26:09 EDT
Exogeneous Defined - A Dictionary Definition of Exogeneous… - Indirect Utility Function - Dictionary Definition of Indirect Utilit…Created: 2009-10-17 @ 15:10:17 EDT
Indirect Utility Function Defined - A Dictionary Definition of Indirect Utility Function… - Monotone Transformation - Dictionary Definition of Monotone Transfor…Created: 2009-10-17 @ 14:36:47 EDT
Monotone Transformation Defined - A Dictionary Definition of Monotone Transformation … - Assume a Can Opener - Dictionary Definition of Assume a Can OpenerCreated: 2009-09-26 @ 13:42:33 EDT
Assume a Can Opener Defined - A Dictionary Definition of Assume a Can Opener… - Law of Demand - Dictionary Definition of Law of DemandCreated: 2009-09-26 @ 13:30:48 EDT
Law of Demand Defined - A Dictionary Definition of Law of Demand… - Illiquid Assets - Dictionary Definition of Illiquid AssetsCreated: 2009-09-26 @ 13:27:24 EDT
Illiquid Assets Defined - A Dictionary Definition of Illiquid Assets… - The Double Coincidence of Wants - Dictionary Definition of The Doub…Created: 2009-09-26 @ 13:27:04 EDT
The Double Coincidence of Wants Defined - A Dictionary Definition of The Double Coincidence of Wants … - One Economist's Thoughts On the Health Care DebateCreated: 2009-09-26 @ 13:25:21 EDT
How Can the U.S. Government Improve Health Care? What economic facts do we need to consider in the health care debate?… - Delta - Dictionary Definition of DeltaCreated: 2009-09-26 @ 13:13:52 EDT
Delta Defined - A Dictionary Definition of Delta… - Supply and Demand - The BasicsCreated: 2009-09-26 @ 12:40:47 EDT
The basics of Supply and Demand… - Economic Environment - Dictionary Definition of Economic EnvironmentCreated: 2009-09-26 @ 12:40:03 EDT
Economic Environment Defined - A Dictionary Definition of Economic Environment… - Laspeyres Index - Dictionary Definition of Laspeyres IndexCreated: 2009-09-26 @ 12:19:42 EDT
Laspeyres Index Defined - A Dictionary Definition of Laspeyres Index… - Marginal Revenue - Dictionary Definition of Marginal RevenueCreated: 2009-09-13 @ 17:38:01 EDT
Marginal Revenue Defined - A Dictionary Definition of Marginal Revenue… - M2 Money Supply - Dictionary Definition of M2 Money SupplyCreated: 2009-09-13 @ 17:21:35 EDT Updated: 2009-09-13 @ 17:26:11 EDT
M2 Money Supply Defined - A Dictionary Definition of M2 Money Supply… - Market Distortions - Altering the Supply and Demand EquilibriumCreated: 2009-09-11 @ 09:20:13 EDT
What happens when restrictions are placed on a market, preventing the market from reaching natural equilibrium?… - Marginal Analysis - Thinking at the MarginCreated: 2009-09-11 @ 09:18:54 EDT
A look at the use of marginal analysis in economics. An article for students new to economics… - Opportunity Costs and TradeoffsCreated: 2009-09-11 @ 09:15:29 EDT
An examination of opportunity costs and tradeoffs… - Economics - The Basic AssumptionsCreated: 2009-09-11 @ 09:13:09 EDT
This article discusses the basic assumptions of any Economics 101 or 'Economics Principles' course… - What Is Dutch Disease - Your Dutch Disease Questions AnsweredCreated: 2009-07-20 @ 19:54:14 EDT Updated: 2009-07-20 @ 21:07:31 EDT
An article on Dutch Disease for beginners which answers the question: What is Dutch Disease?… - Money Supply - Dictionary Definition of Money SupplyCreated: 2009-07-20 @ 17:26:16 EDT
Money Supply Defined - A Dictionary Definition of Money Supply… - International Economics - Dictionary Definition of International Eco…Created: 2009-07-20 @ 16:21:15 EDT Updated: 2009-07-20 @ 16:51:08 EDT
International Economics Defined - A Dictionary Definition of International Economics… - New Economics Foundation - Dictionary Definition of New Economics Fo…Created: 2009-07-20 @ 15:32:30 EDT Updated: 2009-07-20 @ 15:33:24 EDT
New Economics Foundation Defined - A Dictionary Definition of New Economics Foundation… - What Is Econometrics?Updated: 2009-11-08 @ 13:43:38 EST
Article for beginners answers the question: What Is Econometrics?… - Why Get an Economics Ph.D?Updated: 2009-11-08 @ 12:49:57 EST
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics… - Economic Basics for Beginners in EconomicsUpdated: 2009-11-08 @ 12:09:44 EST
Economic Basics covers topics such as "What is Economics?" and "What are the various fields of Economics?". The user path contains a great deal of introductory information for … - What Is Macroeconomics?Updated: 2009-11-07 @ 14:46:08 EST
Article for beginners answers the question: What Is Macroeconomics?… - What Is International Economics?Updated: 2009-11-07 @ 14:45:50 EST
Article for beginners answers the question: What Is International Economics?… - What Is Experimental Economics?Updated: 2009-11-07 @ 14:45:36 EST
Article for beginners answers the question: What Is Experimental Economics?… - What Are Game Theory and Bargaining Theory?Updated: 2009-11-07 @ 14:45:11 EST
Article for beginners answers the question: What Are Game Theory and Bargaining Theory?… - What Is Meant by Economic Schools of Thought?Updated: 2009-11-07 @ 14:44:51 EST
Article for beginners answers the question: What Is Meant by Economic Schools of Thought?… - What Is Microeconomics?Updated: 2009-11-07 @ 14:44:37 EST
Article for beginners answers the question: What Is Microeconomics?… - What Are the Various Subfields of Economics?Updated: 2009-11-07 @ 14:43:40 EST
Article for beginners answers the question What Are the Various Subfields of Economics?… - Is Economics Autistic? Can it Be Reformed?Updated: 2009-11-07 @ 14:41:00 EST
If we want economics to be more useful, that is to create more models which accurately describe "real world" phenomena, then we must use more accurate assumptions. There are quite a few … - Why Study Economics?Updated: 2009-11-07 @ 13:35:26 EST
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 … - What Is Economics?Updated: 2009-11-06 @ 13:59:43 EST
Article for beginners answers the question What is Economics?… - Stochastic Process - Dictionary Definition of Stochastic ProcessUpdated: 2009-10-25 @ 12:17:46 EDT
Stochastic Process Defined - A Dictionary Definition of Stochastic Process… - Stable Steady State - Dictionary Definition of Stable Steady StateUpdated: 2009-10-25 @ 12:13:23 EDT
Stable Steady State Defined - A Dictionary Definition of Stable Steady State… - Getting the Most out of your Economics ClassUpdated: 2009-10-17 @ 16:20:23 EDT
So you have enrolled in Economics? Great! Economics is an excellent way to impact of developments in business, society and the world economy. You can get an interesting job with a major in Econo… - A Nation of InvestorsUpdated: 2009-10-17 @ 16:20:08 EDT
An examination of the investing habits of Americans… - Bottle Water Bans and Substitution EffectsUpdated: 2009-10-17 @ 16:19:57 EDT
As an economist who also supports environmental issues, I often get asked if it's hard to reconcile the two. I usually answer "not at all - many policies are both good economics and good for … - The New Economy - Dictionary Definition of The New EconomyUpdated: 2009-10-17 @ 16:19:28 EDT
The New Economy Defined - A Dictionary Definition of The New Economy… - How would a gas tax reduce consumption?Updated: 2009-10-17 @ 16:17:36 EDT
An answer to the question: "How would a gas tax reduce consumption?"… - Will Changing The Way Gas Is Taxed Have an Impact at the Pump?Updated: 2009-10-17 @ 16:17:21 EDT
Conservative Party of Canada Leader Stephen Harper vowed that if he were elected, his government would lower gasoline prices through two measures: Eliminating the so called "tax on tax" w… - Canadian Conservatives Promote Cutting Consumption TaxesUpdated: 2009-10-17 @ 16:17:10 EDT
In the United States, many conservatives are advocating replacing income taxes with sales taxes. In Canada, just the opposite - the Conservative Party is advocating a reduction in the existing fed… - New Technologies in the New EconomyUpdated: 2009-10-17 @ 16:16:56 EDT
A look at the development of new technologies and how they impact the economy… - What Will The Price of Oil Be 5 Years From Now?Updated: 2009-10-17 @ 16:16:41 EDT
We examine the question of "what the price of oil will be 5 years from now?" and think about how we can answer that question… - The Coase Theorem Issue 3 - Externalities Are Not the Same as Non-Ex…Updated: 2009-10-17 @ 16:13:20 EDT
Part 3 of the series about issues with the Coase theorem. The third item - The Coase theorem treats externalities the same as non-externalities - but they are very different in nature… - Taxes and Economic Growth ResponseUpdated: 2009-10-17 @ 16:13:09 EDT
A reader's response to the article "The Effect of Income Taxes on Economic Growth"[… - The New American Work ForceUpdated: 2009-10-17 @ 16:12:52 EDT
An examination of American labor at the start of the 20th century… - Fiscal Stimulus - Unlikely To Work in the Real WorldUpdated: 2009-10-17 @ 16:11:40 EDT
An examination of why fiscal stimulus, while terrific in theory, is unlikely to work in practice… - Should Income Tax Rates Depend on Lifetime Earnings?Updated: 2009-10-17 @ 16:11:27 EDT
A look at Canadian Conservative leadership candidate Tomy Clement's policy proposal that would make an individual's income tax rate depend on lifetime earnings… - Ph.D in Economics - Tips for Applying to and Succeeding In a Ph.D Ec…Updated: 2009-10-17 @ 16:11:14 EDT
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?… - Deregulating TransportationUpdated: 2009-10-17 @ 16:09:08 EDT
An examination of deregulation of the transportation industry in the 1970s and 1980s… - Economic Incidence - Why a Discussion of 'How Much Do The Rich Pay i…Updated: 2009-10-17 @ 16:08:14 EDT
A look at the topic of economic incidence in taxation… - Protecting the EnvironmentUpdated: 2009-10-17 @ 16:08:00 EDT
A look at the link between economy policy and the environment… - Labor Standards in AmericaUpdated: 2009-10-17 @ 16:07:44 EDT
An examination of labor standards in the United States… - A Student's Guide to the Great DepressionUpdated: 2009-10-10 @ 14:17:34 EDT
An examination of the Great Depression aimed towards students… - What Happens if Interest Rates Go To Zero?Updated: 2009-10-10 @ 14:15:05 EDT
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?… - The Insanity of Parecon and the Importance of Efficiency of Speciali…Updated: 2009-10-10 @ 13:26:23 EDT
An examination of the 'parecon' or 'participatory economics' philosophy and just one of the many drawbacks it has. We also examine the importance of specialization… - How Do You Measure the Size of the Economy?Updated: 2009-10-10 @ 13:22:36 EDT
A discussion on how we measure how big the economy is and how it is performing… - Pigovian Taxes - Joining the Pigou ClubUpdated: 2009-10-10 @ 13:07:35 EDT
A discussion of the use of Pigouvian taxes to generate revenue and reduce negative externalities such as pollution… - Borel Sigma-Algebra - Dictionary Definition of Borel Sigma-AlgebraUpdated: 2009-10-02 @ 09:19:24 EDT
Borel Sigma-Algebra Defined - A Dictionary Definition of Borel Sigma-Algebra… - Yellow-Dog Contract - Dictionary Definition of Yellow-Dog ContractUpdated: 2009-10-02 @ 09:11:07 EDT
Yellow-Dog Contract Defined - A Dictionary Definition of Yellow-Dog Contract… - Deadweight Loss - Dictionary Definition of Deadweight LossUpdated: 2009-09-26 @ 13:43:01 EDT
Deadweight Loss Defined - A Dictionary Definition of Deadweight Loss… - Cartel - Dictionary Definition of CartelUpdated: 2009-09-26 @ 13:42:14 EDT
Cartel Defined - A Dictionary Definition of Cartel… - Economics - Dictionary Definition of EconomicsUpdated: 2009-09-26 @ 13:31:41 EDT
Economics Defined - A Dictionary Definition of Economics… - Markov Transition Matrix - Dictionary Definition of Markov Transitio…Updated: 2009-09-26 @ 13:31:38 EDT
Markov Transition Matrix Defined - A Dictionary Definition of Markov Transition Matrix… - Longitudinal Data - Dictionary Definition of Longitudinal DataUpdated: 2009-09-26 @ 13:30:22 EDT
Longitudinal Data Defined - A Dictionary Definition of Longitudinal Data… - Full Employment - Dictionary Definition of Full EmploymentUpdated: 2009-09-26 @ 13:27:40 EDT
Full Employment Defined - A Dictionary Definition of Full Employment… - Capitation - Dictionary Definition of CapitationUpdated: 2009-09-26 @ 13:26:44 EDT
Capitation Defined - A Dictionary Definition of Capitation… - Natural Experiment - Dictionary Definition of Natural ExperimentUpdated: 2009-09-26 @ 13:13:57 EDT
Natural Experiment Defined - A Dictionary Definition of Natural Experiment… - Demography - Dictionary Definition of DemographyUpdated: 2009-09-26 @ 12:40:25 EDT
Demography Defined - A Dictionary Definition of Demography… - Price Index - Dictionary Definition of Price IndexUpdated: 2009-09-26 @ 12:33:47 EDT
Price Index Defined - A Dictionary Definition of Price Index… - Barter Economy - Dictionary Definition of Barter EconomyUpdated: 2009-09-13 @ 16:30:07 EDT
Barter Economy Defined - A Dictionary Definition of Barter Economy… - What Is Money?Updated: 2009-09-13 @ 16:21:38 EDT
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?'… - A Beginner's Guide to Economic IndicatorsUpdated: 2009-09-13 @ 15:57:09 EDT
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?… - Indifference Curves - How Do I Use and Understand Them?Updated: 2009-09-13 @ 14:53:42 EDT
Article examines the economic concept of indifference curves and shows students how they can use indifference curves to solve economic problems… - Budget Line - Dictionary Definition of Budget LineUpdated: 2009-09-13 @ 14:49:56 EDT
Budget Line Defined - A Dictionary Definition of Budget Line… - What Is Arbitrage?Updated: 2009-09-13 @ 14:42:14 EDT
Article answers the following question: What is arbitrage? What markets do arbitrageurs usually trade on? The answers to your arbitrage questions right here. … - A Mixed Economy: The Role of the MarketUpdated: 2009-09-13 @ 14:28:13 EDT
A look at the mixed economy of the United States… - A Beginner's Guide to Purchasing Power Parity Theory (PPP Theory)Updated: 2009-09-13 @ 14:14:28 EDT
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?"… - Is the Canadian Dollar Going Up in Value, or Is the U.S. Dollar Goin…Updated: 2009-09-13 @ 14:11:57 EDT
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 becaus… - America's Capitalist EconomyUpdated: 2009-09-13 @ 14:10:20 EDT
An examination of the capitalist economy of the United States… - Should Governments Legalize and Tax Marijuana?Updated: 2009-09-10 @ 10:26:28 EDT
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. … - Why Does a Stock Go Down in Price When There Is a Big Sell Off?Updated: 2009-09-09 @ 18:44:30 EDT
A reader asks: "Why does a stock go down in price when there is a big sell off or any selling for that matter? Meaning doesn't there have to be a buyer when there are sellers? So if people a… - How Much Is the Per Capita Money Supply in the U.S.?Updated: 2009-09-09 @ 18:41:44 EDT
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 definition… - What Is the Demand For Money?Updated: 2009-09-09 @ 18:41:25 EDT
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… - Globalization, Unemployment and Recessions. What Is the Link?Updated: 2009-09-09 @ 18:41:15 EDT
Article examines the link between globalization and unemployment. Is there a link between globalization and the frequency of recessions?… - The Only Man in America Who Is Against the FairTaxUpdated: 2009-09-09 @ 18:41:04 EDT
One reader who dislikes the FairTax… - What Is the Difference Between Relative PPP and Absolute PPP?Updated: 2009-09-09 @ 18:40:50 EDT
Relative PPP vs. Absolute PPP. Definitions and descriptions. What Is the Difference Between Relative PPP and Absolute PPP?… - Peak Oil and the Oil Supply - How Likely Is Oil to Hit $100 a Barrel…Updated: 2009-09-09 @ 18:39:17 EDT
Peak Oil and the Oil Supply - How Likely is Oil to Hit $100 a Barrel in December, 2007? examines the probability that oil will reach $100 a barrel in December 2007… - What Is the Optimal Carbon Tax Rate?Updated: 2009-09-09 @ 18:35:34 EDT
Why do we insist that Pigovian taxes be neutral with respect to the economy, when we do not for any other form of tax?… - What Is Deflation and How Can it Be Prevented?Updated: 2009-09-09 @ 18:34:51 EDT
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 …