Updated Articles and Resources

By Jodi Beggs, About.com Guide

Measures and Properties of Utility Created: Friday, June 07, 2013 Updated: Monday, June 10, 2013
This article outlines the different ways to measure utility and discusses some of the general properties of utility.
The Economic Inefficiency of Monopoly Created: Monday, June 10, 2013 Updated: Monday, June 10, 2013
This article explains why monopolies are inefficient for society compared to competitive markets.
Introduction to Utility Maximization Created: Thursday, June 23, 2011 Updated: Friday, June 07, 2013
This article introduces the concept of utility and explains how economists model the consumer's decision-making process.
Giffen Goods Created: Tuesday, May 28, 2013 Updated: Friday, May 31, 2013
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.
The Federal Reserve System Created: Wednesday, February 29, 2012 Updated: Monday, May 27, 2013
This article explains what the Federal Reserve is and what function it serves in the economy.
Imports and Exports Created: Sunday, March 31, 2013 Updated: Sunday, May 26, 2013
This article outlines the economic incentives to trade with other countries and shows the impact that trade has on markets in the home country.
Economies of Scale Created: Friday, May 24, 2013 Updated: Friday, May 24, 2013
This article introduces the concept of economies of scale and discusses when economies of scale arise.
The Shut-Down Condition Created: Monday, May 13, 2013 Updated: Monday, May 13, 2013
This article explains when a company in a competitive market would choose to shut down in the short run rather than produce output.
The Short Run versus The Long Run Created: Saturday, December 31, 2011 Updated: Monday, May 13, 2013
This article discusses the economic distinction between the short run and the long run.
Finding Consumer Surplus and Producer Surplus Graphically Created: Thursday, February 28, 2013 Updated: Friday, May 10, 2013
This article outlines the steps to locate consumer surplus and producer surplus on a supply and demand diagram.
Analysis of a Subsidy Created: Thursday, February 28, 2013 Updated: Friday, May 10, 2013
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.
The Reinhart-Rogoff Austerity Controversy Created: Monday, May 06, 2013 Updated: Wednesday, May 08, 2013
This article outlines the details of the Reinhart-Rogoff study controversy.
The Slope of the Aggregate Demand Curve Created: Tuesday, April 30, 2013 Updated: Wednesday, May 01, 2013
This article explains why the aggregate demand curve slopes downwards.
Introduction to Cournot Competition Created: Tuesday, April 30, 2013 Updated: Tuesday, April 30, 2013
This article gives an overview of the Cournot model of competition that is discussed in microeconomics and industrial organization courses.
The Cyprus Financial Crisis Created: Sunday, March 31, 2013 Updated: Monday, April 01, 2013
This article outlines the events that transpired in the 2013 Cyprus banking crisis.
The Relationship Between Revenue and Price Elasticity of Demand Created: Sunday, September 30, 2012 Updated: Thursday, February 28, 2013
This article explains the relationship between a firm's revenue and the price elasticity of demand that it faces.
The Efficient Markets Hypothesis Created: Saturday, January 19, 2013 Updated: Saturday, January 19, 2013
This article introduces the concept of the efficient markets hypothesis.
Types of Money Created: Wednesday, November 30, 2011 Updated: Wednesday, January 09, 2013
This article explains the different types of money than can arise in an economy.
The Coase Theorem Created: Thursday, December 29, 2011 Updated: Thursday, January 03, 2013
This article gives an overview of the Coase Theorem.
Introduction to Externalities Created: Monday, October 31, 2011 Updated: Thursday, January 03, 2013
This article introduces the concept of externalities, or market side effects, and explains how they can arise in a market.
Elasticity Versus the Slopes of the Demand and Supply Curves Created: Sunday, September 30, 2012 Updated: Monday, December 31, 2012
This article explains the relationship between elasticity and the slopes of the demand and supply curves.
Opportunity Cost as True Economic Cost Created: Monday, December 31, 2012 Updated: Monday, December 31, 2012
This article introduces the concept of opportunity cost and explains how it is used in economic decision making.
Introduction to Chained CPI Created: Monday, December 31, 2012 Updated: Monday, December 31, 2012
This article explains what chained CPI is and the basics of how it's calculated.
Economist Paul Krugman Created: Tuesday, July 31, 2012 Updated: Friday, November 30, 2012
A brief biography of economist Paul Krugman.
Introduction to Transaction Utility Created: Friday, November 30, 2012 Updated: Friday, November 30, 2012
This article introduces the concept of transaction utility and explains why it is important in understanding economic decision making.
The Consumer Price Index Created: Friday, November 30, 2012 Updated: Friday, November 30, 2012
This article explains what the consumer price index is and what it is used for.
Introduction to Producer Surplus Created: Wednesday, October 31, 2012 Updated: Wednesday, October 31, 2012
This article gives an overview of what producer surplus is and how it is calculated.
Introduction to Consumer Surplus Created: Wednesday, October 31, 2012 Updated: Wednesday, October 31, 2012
This article introduces the concept of consumer surplus and shows how it is calculated.
Economist Al Roth Created: Wednesday, October 31, 2012 Updated: Wednesday, October 31, 2012
A brief biography of economist Al Roth.
The Economics of Price Gouging Created: Tuesday, October 30, 2012 Updated: Tuesday, October 30, 2012
This article outlines the economics involved in the scenario commonly referred to as price gouging.
Introduction to Elasticity Created: Sunday, September 30, 2012 Updated: Sunday, September 30, 2012
This article gives a conceptual introduction to the concept of elasticity.
Types of Taxes Created: Tuesday, July 31, 2012 Updated: Sunday, September 30, 2012
This article introduces different types of taxes and discusses some of the specific features of each.

Economics