Economics Sitemap - Page 3 2016-09-26

A Full Explanation of the Augmented Dickey-Fuller Test
The augmented Dickey-Fuller test (ADF) is just that: an augmented version of the original Dickey-Fuller test. Learn about the test from its uses to origins.

Five Economics Term Paper Topic Suggestions - Cigarette Taxes
Tips, links and sources for writing a term paper on cigarette taxes.

Five Economics Term Paper Topic Suggestions - Introduction
Tips, links and sources for writing an economics term paper.

Labor Market Outcomes - Glossary - Dictionary Definition of Labor Market Outcomes
Labor Market Outcomes Defined - A Dictionary Definition of Labor Market Outcomes

Valuing Professional Sports Franchises: An Econometric Approach
Valuing Professional Sports Franchises: An Econometric Approach

Constant Absolute Risk Aversion (CARA) - Glossary - Dictionary Definition of Constant Absolute Risk Aversion (CARA)
Constant Absolute Risk Aversion (CARA) Defined - A Dictionary Definition of Constant Absolute Risk Aversion (CARA)

Extensive Margin - Glossary - Dictionary Definition of Extensive Margin
Extensive Margin Defined - A Dictionary Definition of Extensive Margin

Deterministic Functions and Variables - Glossary - Dictionary Definition of Deterministic Functions and Variables
Deterministic Functions and Variables Defined - A Dictionary Definition of Deterministic Functions and Variables

Interior Solution - Glossary - Dictionary Definition of Interior Solution
Interior Solution Defined - A Dictionary Definition of Interior Solution

Corner Solutions - Glossary - Dictionary Definition of Corner Solutions
Corner Solutions Defined - A Dictionary Definition of Corner Solutions

Intensive Margin - Glossary - Dictionary Definition of Intensive Margin
Intensive Margin Defined - A Dictionary Definition of Intensive Margin

The Maximin Principle - Glossary - Dictionary Definition of The Maximin Principle
The Maximin Principle Defined - A Dictionary Definition of The Maximin Principle

IR Constraints / Individually Rational Constraints - Glossary - Dictionary Definition of IR Constraints / Individually Rational Constraints
IR Constraints / Individually Rational Constraints Defined - A Dictionary Definition of IR Constraints / Individually Rational Constraints

The E-Book Pricing Dilemma
Economics.

E-Book Pricing and Opportunity Cost
Economics.

E-Book Pricing and Loss Leader Models
Economics.

Wholesale Versus Agency Pricing Models
This article outlines the major points in the debates between publishers and retailers regarding e-book pricing.

The 2012 E-Book Price-Fixing Lawsuit
Economics.

Negotiations in E-Book Pricing
Economics.

Wholesale Versus Agency Pricing Models
This article explains the basics of the 2012 Apple e-book price-fixing lawsuit.

The Retail Supply Chain
This article explains the distinction between the wholesale and agency pricing models.

The Wholesale Pricing Model
Economics.

The Agency Pricing Model
Economics.

The Prevalence of Wholesale Versus Agency Pricing
Economics.

Bibliography and Life of French Economist Jean-Baptiste Say
Learn about French economist Jean-Baptiste Say a leading theorist on the laws of supply and demand.

The Role of Innovation in Economics
The Role of Innovation in Economics

Economics - The A to Z List
Want to know the meaning of an economics term? Look no further than here!

Impact of Globalisation on Developing Countries and India
Impact of Globalisation on Developing Countries and India

Collusion - Glossary - Dictionary Definition of Collusion
Collusion Defined - A Dictionary Definition of Collusion

Baseball Players and Opportunity Costs
Mike shows how economics can help us better understand why Major League Baseball teams make the moves they do.

Interpreting the Price/Earnings Ratio
An explanation of what the price/earnings ratio is (the P/E ratio) and why it's important.

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.

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.

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.

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.

Economics Glossary
Want to know the meaning of an economics term? Look no further than here!

The Analysis of International Trade
Economics.

Economically Small Countries Aren't Necessarily Small
Economics.

The Small-Country Assumption and Exports
Economics.

The Small-Country Assumption
Economics.

The Small-Country Assumption and Imports
Economics.

The Small-Country Assumption
This article explains what the small-country assumption is in economics and how it affects models of international trade.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Measures and Properties of Utility
This article outlines the different ways to measure utility and discusses some of the general properties of utility.

Economies of Scale
This article introduces the concept of economies of scale and discusses when economies of scale arise.

Economies of Scale
This article introduces the concept of economies of scale and discusses when economies of scale arise.

Economies of Scale
This article introduces the concept of economies of scale and discusses when economies of scale arise.

Economies of Scale
This article introduces the concept of economies of scale and discusses when economies of scale arise.

Economies of Scale
This article introduces the concept of economies of scale and discusses when economies of scale arise.

Deadweight Loss of a Tariff
Economics.

International Trade and Exports
This article analyzes the welfare implications when a country places a tariff on an imported good.

Tariffs and Consumer and Producer Surplus
Economics.

Tariffs and Fairness Considerations
Economics.

Total Surplus With a Tariff
Economics.

Total Surplus With Free Trade
Economics.

Deadweight Loss and the Kaldor-Hicks Criterion
Economics.

International Trade and Fairness Considerations
Economics.

Total Surplus With Free Trade
Economics.

Total Surplus With No Trade
Economics.

Imports and Consumer and Producer Surplus
Economics.

International Trade and Imports
This article analyzes the welfare implications when a country opens up its borders to imports.

International Trade and Fairness Considerations
Economics.

Deadweight Loss and the Kaldor-Hicks Criterion
Economics.

Total Surplus With Free Trade
Economics.

International Trade and Exports
This article analyzes the welfare implications when a country opens up its borders to exports.

Total Surplus With No Trade
Economics.

Exports and Consumer and Producer Surplus
Economics.

Domestic Demand and the Demand for Exports
This article shows how the price and quantity of good changes in a country when it opens up to international trade and begins to export a good.

Comparing Autarky and Free Trade
Economics.

Market Equilibrium with Exports
Economics.

Domestic Demand and the Quantity Exported
Economics.

What Is a Price Floor?
This article explains what a price floor is and shows how it affects a market it is placed on.

Variations on Price Ceilings
This article explain what a price ceiling is and shows how it affects a market it is placed on.

Price Floors Affect Non-Competitive Markets Differently
This article explain what a price ceiling is and shows how it affects a market it is placed on.

The Size of a Surplus Depends on Several Factors
This article explain what a price ceiling is and shows how it affects a market it is placed on.

Binding Price Floors Create Surpluses
This article explain what a price ceiling is and shows how it affects a market it is placed on.

Price Floors Affect Non-Competitive Markets Differently
This article explain what a price ceiling is and shows how it affects a market it is placed on.

The Size of a Surplus Depends on Several Factors
This article explain what a price ceiling is and shows how it affects a market it is placed on.

A Binding Price Floor
This article explain what a price ceiling is and shows how it affects a market it is placed on.

A Non-Binding Price Floor
This article explain what a price ceiling is and shows how it affects a market it is placed on.

The Reasonableness of the Rational Expectations Assumption
Economics.

Assumptions of Economic Rationality
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 Concept of Rational Expectations
Economics.

The Notion of Economic Efficiency
This article introduces the concept of Pareto efficiency and explains what a Pareto improvement is.

Pareto Improvements and Pareto Efficiency
Economics.

The Theory of Money Neutrality
Economics.

Money Neutrality in Practice
Economics.

Sticky Prices and Money Non-Neutrality
Economics.

Monetary Policy and the Fed's Dual Mandate
This article explains what money neutrality is and why assessing money neutrality is important for predicting economic outcomes.

Profit Maximization With Menu Costs
Economics.

Menu Costs and Sticky Aggregate Prices
Economics.

The Role of Sticky Prices in Keynesian Macroeconomics
This article introduces the concept of menu costs and explains how they are relevant in economic analysis.

What Are Menu Costs?
Economics.

The Menu Cost Tradeoff
Economics.

The Menu Cost Tradeoff and Profit
Economics.

The Aggregate Demand-Aggregate Supply Model in Macroeconomics
This article outlines the mechanics of the IS-LM model and uses it to show the details of how the aggregate demand curve is constructed.

Aggregate Demand as a Set of IS-LM Equilibria
Economics.

Price Changes in the IS-LM Model
Economics.

Shifting the Aggregate Demand Curve
Economics.

Shifting the Aggregate Demand Curve
Economics.

Tracing Out the IS Curve
Economics.

The Aggregate Demand-Aggregate Supply Model in Macroeconomics
This article shows how the IS curve is created and what it represents.

The Formulation of the IS Curve
Economics.

Shifting the IS Curve
Economics.

What Is Unemployment, Anyway?
This article explains exactly what the unemployment rate is and where to find the actual data behind it.

The Employment Situation Summary
Economics.

The Official Unemployment Rate
Economics.

The Unemployment Rate Definition
Economics.

Calculating the Unemployment Rate
Economics.

The Benefits of Context for the Unemployment Rate
Economics.

The Benefits of Various Measures of Unemployment
Economics.

Seasonally Adjusted Versus Not Seasonally Adjusted Numbers
Economics.

The Seasonal Adjustment Process
Economics.

The Monthly Jobs Report
This article explains what seasonal adjustment is and why it is used in economic analysis.

The Jobs Report Data Tables
Economics.

The Rationale Behind Seasonal Adjustment
Economics.

The Rationale Behind Seasonal Adjustment
Economics.

What Is Seasonal Adjustment?
This article gives a very simple example of seasonal adjustment.

A Simple Seasonal Adjustment Example
Economics.

A Simple Seasonal Adjustment Example
Economics.

Seasonal Adjustment and the Jobs Report
Economics.

A Simple Seasonal Adjustment Example
Economics.

A Simple Seasonal Adjustment Example
Economics.

The Expenditure Categories of GDP
The article describes the effect of changes in exchange rates on aggregate expenditure in an economy.

Exchange Rates and Aggregate Expenditure
Economics.

Exchange Rates and Net Exports
Economics.

The Negative Relationship Between Exchange Rates and Aggregate Expenditure
Economics.

Understanding Macroeconomic Theory
This article explains how aggregate production, expenditure, and income are all equal in an economy.

GDP as the Measure of Domestic Production
Economics.

GDP as a Measure of Aggregate Expenditure
Economics.

GDP as a Measure of Aggregate Income
Economics.

What Is the Unemployment Rate?
This article explains what economists mean when they use the phrase

The Unempllyment Rate and the Types of Unemployment
Economics.

What Is Full Employment?
Economics.

Price as a Determinant of Demand - Economics
This article outlines all of the different factors than can affect economic demand for an item.

The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.

The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.

Income as a Determinant of Demand
This article outlines all of the different factors than can affect economic demand for an item. Page 3 of a 7-part series.

The Determinants of Demand - Prices of Related Goods
This article outlines all of the different factors than can affect economic demand for an item.

The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.

The Determinants of Demand
This article outlines all of the different factors than can affect economic demand for an item.

Introduction to Risk Profiles
This article introduces the different risk profiles that an economic actor can exhibit.

What is Risk Neutrality?
This article explains what risk neutrality is and what implications it has for decision making under uncertainty.

The Relationship Between Risk Neutrality and Marginal Utility
Economics.

Risk Aversion and the Indifference to Certainty
Economics.

Risk Neutrality and the Certainty Equivalent
Economics.

Risk Aversion and Insurance
Economics.

What are Risk-Loving Preferences?
This article explains what risk loving or risk seeking is and what implications it has for decision making under uncertainty.

Risk Loving and the Preference for Uncertainty
Economics.

Risk Loving and the Certainty Equivalent
Economics.

Risk Loving and Insurance
Economics.

The Relationship Between Risk Loving and Marginal Utility
Economics.

The Prevalence of Risk-Loving Preferences
Economics.

Risk Aversion and Insurance
Economics.

What is Risk Aversion?
This article explains what risk aversion is and what implications it has for decision making under uncertainty.

The Relationship Between Risk Aversion and Marginal Utility
Economics.

Risk Aversion and the Preference for Certainty
Economics.

Risk Aversion and the Certainty Equivalent
Economics.

The Prevalence of Risk Aversion
Economics.

Preferences for Risky Versus Certain Outcomes
This article introduces the concept of the certainty equivalent and shows how to identify it.

The Certainty Equivalent
Economics.

Risk Preferences and the Certainty Equivalent
Economics.

Representing Weighted Averages on a Line Segment
Economics.

Representing Expected Utility on a Line Segment
Economics.

Graphing Expected Utility Using Expected Value
Economics.

Introduction to Expected Utility
This article shows how to represent expected utility graphically.

The Meaning of Expected Value
This article explains what expected value is and how it is calculated.

The Expected Value as a Weighted Average
Economics.

The Expected Value Formula
Economics.

An Expected Value Example
Economics.

An Expected Value Doesn't Have to be Possible
Economics.

Question 1
Economics.

Question 2
Economics.

Question 3
Economics.

Question 4
Economics.

Question 2
Economics.

Question 3
Economics.

Question 4
Economics.

Question 1
This article provides practice problems related to externalities.

Question 1
This article provides some practice problems related to supply and demand.

Question 4
Economics.

Question 1
Economics.

Question 2
Economics.

Question 2
Economics.

Question 3
Economics.

Question 3
Economics.

Question 4
Economics.

Question 1
Economics.

Question 2
Economics.

Question 3
Economics.

Question 3
Economics.

Question 4
Economics.

Question 4
Economics.

Question 1
This article provides some practice problems related to price elasticity of demand.

Question 1
Economics.

Question 2
Economics.

Economic Growth Via Technological Progress
Economics.

Economic Growth Via Increasing the Labor Force
Economics.

Economic Growth Via Increased Savings
Economics.

The Main Solow Model Result
This article explains how changes to various economic factors affect the predictions of the Solow growth model.

The Solow Growth Model
This article explains how to graph the Solow model and shows how to identify the steady-state level of capital and output.

A Constant Returns to Scale Production Function
Economics.

The Capital Accumulation Process
Economics.

Graphing Capital Accumulation
Economics.

Reaching the Steady-State Level of Capital
Economics.

The Shape of the Per-Worker Production Function
Economics.

The Economics of the Gender Earnings Gap
This article explains the common explanations and what economic research has to say about the gender earnings gap.

Aggregate Expenditure as a Point on the Aggregate Demand Curve
This article uses the model of aggregate expenditure equilibrium to build the aggregate demand curve.

Price and Equilibrium Aggregate Expenditure
Economics.

Price and the Aggregate Demand Curve
Economics.

Aggregate Expenditure and the Slope of the Aggregate Demand Curve
Economics.

A Recessionary Expenditure Gap
Economics.

An Inflationary Expenditure Gap
Economics.

The Importance of the Aggregate Expenditure Equilibrium Model
This article introduces the concept of an expenditure gap and explains what it means and how it is calculated.

Expenditure Gaps versus Output Gaps
Economics.

Planned versus Actual Aggregate Expenditure
Economics.

The Stability of Equilibrium Aggregate Expenditure
Economics.

Production, Expenditure, and Income at the Aggregate Level
This article explains what it means to have an equilibrium level of aggregate expenditure in an economy.

Adam Smith and The Wealth of Nations
Economics.

Classical Political Economy and the "Dismal Science"
Economics.

Neoclassical Economics and the Marginal Revolution
Economics.

Macroeconomics in the Modern Age
Economics.

The Origins of Economics
This article gives a brief history of major developments in the field of economics.

The Neoclassical Synthesis and the Current State of Economics
Economics.

Real-Life Price Discrimination - An Example
One of my favorite topics when teaching a Principles of Microeconomics course is that of

Blog


Current Account Balance - Definition in Economics
Current Account Balance Defined - A Dictionary Definition of Current Account Balance

The Economics of Demand - Concept Overview
Demand - what do economists mean when they use the term demand? A common sense discussion on the economic concept of demand.

Supply: Definition and Examples (Economics)
Supply - what do economists mean when they use the term supply? A common sense discussion on the economic concept of supply.

Growth of Government Intervention in the Economy
A look at the growth of government intervention in the American Economy.

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?

Would 0% Unemployment Be a Good Thing?
Article answers the question:

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.

Why Study Economics?
A reader asks:

A Guide to Understanding and Calculating 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.

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. Page 2.

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. Page 3.

What Is Inflation - Your Inflation Questions Answered
An article on inflation for beginners which answers the question: What is Inflation?

Time to Legalize Marijuana? - 500+ Economists Endorse It
Should the U.S. government legalize marijuana? Over 500 economists sign a letter promoting marijuana legalization.

How Stock Market Prices Are Determined
An examination of how stock prices are determined.

The Post War Economy: 1945-1960
An examination of the American economy after World War II.

A Mixed Economy: The Role of the Market
A look at the mixed economy of the United States.

Regulation and Control in the U.S. Economy
A look at the use of regulation and control in the U.S. economy.

How Corporations Raise Capital
An examination of how capital is raised by corporations.

Government Involvement in the American Economy
An examination of the role governments have played in economic growth.

The American Economy During the 1980s
An examination of the state of the American economy during the 1980s.

America's Capitalist Economy
An examination of the capitalist economy of the United States.

P-value Dictionary Definition
P-value is associated with a test statistic. Learn more about p-values and its relation to economics.

Why Get an Economics Ph.D?
Mike Moffatt examines a couple of blog discussions about who should consider attempting a Ph.D. in economics.

Adam Smith - Biography and Life Works
A short biography of Scottish economist Adam Smith.

Supply and Demand - The Basics
The basics of Supply and Demand. Economics.

Years of Change: The 1960s and 1970s
An examination of the American economy during the 1960s and 1970s.

Laissez-faire Versus Government Intervention
A look at the dichotomy between laissez-faire economics and governnment intervention.

FDI / Foreign Direct Investment (Definition and Examples)
FDI / Foreign Direct Investment Defined - A Dictionary Definition of FDI / Foreign Direct Investment

Why Does Money Have Value? (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.

Why does money have value?
Find the answer to this week’s economics question, “Why does money have value?” here. Page 2.

Why does money have value?
Find the answer to this week’s economics question, “Why does money have value?” here. Page 3.

History of the American Labor Movement
An examination of the history of the labor movement in the United States.

The Efficient Markets Hypothesis
This article introduces the concept of the efficient markets hypothesis.

Basic Assumptions of Economics - Preferences & Resources
This article discusses the basic assumptions of any Economics 101 or 'Economics Principles' course.

What Happens if Interest Rates Go To Zero?
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?

Introduction to Gross Domestic Product
This article outlines what Gross Domestic Product measures.

The Efficiency-Wage Theory in Economics
This article defines the efficiency-wage theory and explains why efficiency wages might exist in practice.

What Is the Difference Between Relative & Absolute PPP?
Relative PPP vs. Absolute PPP. Definitions and descriptions. What Is the Difference Between Relative PPP and Absolute PPP?

Small Business in the United States
A discussion of American small business.

Indifference Curves - How Do I Use and Understand Them?
Article examines the economic concept of indifference curves and shows students how they can use indifference curves to solve economic problems.

Gross Domestic Product (GDP) - Definition in Economics
GDP / Gross Domestic Product Defined - A Dictionary Definition of GDP / Gross Domestic Product

What Is International Economics?
Article for beginners answers the question: What Is International Economics?

What's the Difference Between Types of Interest Rates?
What's the Difference Between all the Interest Rates in the Newspaper?

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.

Bank Reserves and the Discount Rate
An examination of the role bank reserves and the discount rate play in determining the size of the money supply.

Are Wars Good for the Economy? - Myths and Facts
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.

Are Wars Good for the Economy?
Article which asks the question

Are Wars Good for the Economy?
Article which asks the question

The 1990s and Beyond
An examination of the American economy during the 1990s.

How to Use Cross Price and Own Price Elasticity
How to use measures of cross price and own price elasticity to determine how much a quantity will change. An example of a calculation.

Colonization of the United States (Economic HIstory)
An examination of the colonization of the United States.

When Stock Prices Go Down, Where Does the Money Go?
Article answers the question: This has always baffled me: When stocks take a beating, where does the lost money go? Example: Say I bought shares of AOL at $80, but the shares are now worth $15. In who's pocket did my loss of the $65 go?

Constructing Indifference Curves
Article examines how a student can construct an indifference curve.

Pensions in the United States After Retirement
An examination of pensions for workers in the United States.

What Is Money? - The Properties of Money
This article outlines the characteristics of money and explains the economic difference between money and wealth.

Microeconomics - Help and Resources for Students
This page contains Microeconomics Tips and Tricks, Microeconomics Resources and links to other pages which contain microeconomics information.

The Trade Deficit and Exchange Rates
The Trade Deficit and Exchange Rates

Liquidity - Dictionary Definition of Liquidity
Liquidity Defined - A Dictionary Definition of Liquidity in Economics.

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.

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. Page 2.

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. Page 3.

How to Ace Your Econometrics Test
Econometrics is the most difficult course for Economics majors. These tips should help you triumph over your Econometrics test. If you can ace Econometrics, you can pass any Economics course.

Why Does a Stock Go Down When There Is a Big Sell Off?
Doesn't there have to be a buyer when there are sellers? If people are buying when others are selling shouldn't that equal it out?

The Growth of Government in the United States
A look at the growth of government services in the United States.

The Decline of Union Power - Organized Labor
An examination of the decline of union power in the United States.

Definition of Entrenchment
Entrenchment Defined - A Dictionary Definition of Entrenchment

Okun's Law - Economics Definition
This article explains what Okun's Law is and how macroeconomists use the concept.

Federal Efforts to Control Monopoly
A look at government efforts to control monopolies.

Introduction to Elasticity
This article gives a conceptual introduction to the concept of elasticity.

The Great Depression and American Labor
A look at American labor during the Great Depression.

Top 10 Economics Blogs You're Not Visiting (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!

Using Calculus To Calculate Income Elasticity of Demand
An article which explains how to calculate various elasticities using calculus.

Ex Post - Economics Glossary Definition
Ex Post Defined - A Dictionary Definition of Ex Post

What Are Capital Markets and Resources?
Article answers the question. Economics.

Taxes and Market Efficiency
This article outlines some principles of good tax design from an economic perspective.

Tax Broadly at a Low Rate
Economics.

Tax Inelastic Markets?
Economics.

Include Inefficiency in Cost-Benefit Calculations
Economics.

Stay on the "Right" Side of the Laffer Curve
Economics.

What Is Deadweight Loss?
This article introduces the concept of deadweight loss and explains the intuition behind its existence.

The Intuition Behind Deadweight Loss
Economics.

Deadweight Loss Has Multiple Interpretations
Economics.

Market Equilibrium With a Tax
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Impact of a Tax on Producers
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

The Revenue From a Tax
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Total Surplus in a Market With a Tax
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

The Deadweight Loss of a Tax
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Impact of a Tax on Consumers
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Government Surplus From a Tax
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Are Taxes Always Bad for Society?
This article explains how a tax affects a market and analyzes the impact on the well being of consumers and producers.

Market Equilibrium With a Tax
Economics.

What Is a Tax?
This article shows how to find the equilibrium price ans quantity in a market when a per-unit tax is in place.

Market Equilibrium With a Tax
Economics.

Fun Facts About Taxes
Economics.

Macroeconomics Student Resource Center
Help for students having trouble with Macroeconomics. Macroeconomics tips and tricks are available. http://economics.about.com/cs/studentresources/a/macro_help.htm

Opportunity Costs and Tradeoffs for Every Decision
An examination of opportunity costs and tradeoffs

Budget - Economics Dictionary Definition
Budget Defined - A Dictionary Definition of Budget

Cost Function Defined - Economics Glossary
Cost Function Defined - A Dictionary Definition of Cost Function

Economic Good Dictionary Definition
Economic Good Defined - A Dictionary Definition of Economic Good

Stock - Dictionary Definition of Stock
Stock Defined - A Dictionary Definition of Stock

Definition of Absolute Advantage
Absolute Advantage Defined - A Dictionary Definition of Absolute Advantage

A Dictionary Definition of Contractionary Fiscal Policy
Contractionary Fiscal Policy Defined - A Dictionary Definition of Contractionary Fiscal Policy

Definition of Exchange Rate
Exchange Rate Defined - A Dictionary Definition of Exchange Rate

Definition of Utility
Utility Defined - A Dictionary Definition of Utility

The Importance of the Supply and Demand Model
This article introduces the supply and demand model.

Monetary Incentives and Rationality
This articles introduces the concepts of social markets and monetary markets and describes how individuals behave in each context.

Social Versus Monetary Markets
Economics.

Social Versus Monetary Markets
Economics.

Social Versus Monetary Markets
Economics.

Visceral Versus Cognitive Choices
Economics.

Preferences and Economic Rationality
This article describes behavioral research regarding the different types of decision-making mechanisms that individuals possess.

Visceral Versus Cognitive Choices
Economics.

Visceral Versus Cognitive Choices
Economics.

Visceral Versus Cognitive Choices
Economics.

Economic Rationality and Exponential Discounting
This article introduces the concept of hyperbolic discounting and shows how the hyperbolic discounting can explain procrastination and time inconsistency.

Present-Biased Preferences and Hyperbolic Discounting
Economics.

Hyperbolic Discounting and Time Inconistency
Economics.

Hyperbolic Discounting and Time Inconsistency
Economics.

What Is Deflation?
This article reviews the concept of deflation and explains why deflation imposes costs on society.

The Effects of Deflation for Consumers
Economics.

The Costs of Deflation
Economics.

The Effects of Deflation for Producers
Economics.

Imperfect Competition
This article gives an overview of the Bertrand model of competition that is discussed in microeconomics and industrial organization courses.

The Assumptions of the Bertrand Model
This article gives an overview of the Cournot model of competition that is discussed in microeconomics and industrial organization courses.

Rationality and Preference Formation
This article defines remembered utility and the peak-end rule and explains how it leads to irrationality in decision making.

Experienced and Moment Utility
Economics.

Remembered Utility and the Peak-End Rule
Economics.

A Peak-End Rule Example
Economics.

Remembered Utility and Duration Neglect
Economics.

Remembered Utility and Violations of Dominance
Economics.

Is an M.A. in Economics a Waste of Time?
A reader recently asked:

How to give a terrific economics presentation
The information in this article isn't economics specific, but it's a must read for anyone who needs to give a presentation for an economics class or seminar:

Correlation Versus Causation
This article explains why correlation does not imply causation.

Examining Causal Possibilites
Economics.

Correlation Implies Three Possibilities Regarding Causation
Economics.

A Less Intuitive Example
Economics.

Why Does the Distinction Matter?
Economics.

Necessities Versus Luxuries
Economics.

Availability of Close Substitutes
Economics.

Specificity of a Good
Economics.

Share of Budget
Economics.

Time Horizon of Demand
Economics.

Relative Versus Absolute Elasticity
Economics.

Price Elasticity of Demand
This article outlines the different determinants of price elasticity of demand.

Positive vs. Normative Practice Problem 1
Economics.

Positive vs. Normative Practice Problem 1
Economics.

Positive versus Normtive
This article provides practice problems that test the distinction between positive and normative.

Typical Demand and Supply Curves
Economics.

The Economic Concept of Elasticity
This article defines what it means for supply or demand to be perfectly elastic or perfectly inelastic.

Perfectly Inelastic Demand and Supply
Economics.

Perfectly Elastic Demand and Supply
Economics.

Microeconomics versus Macroeconomics
This article contains practice problems that test the distinction between positive and normative statements.

Micro vs. Macro Problem 1
Economics.

Micro vs. Macro Problem 1
Economics.

Micro vs. Macro Problem 2
Economics.

Micro vs. Macro Problem 2
Economics.

Markets For the Factors of Production
This article explains how the principle of firm profit maximization allows for the construction of a demand curve for labor.

Assumptions of the Labor Demand Model
Economics.

The Benefits and Costs of Hiring More Labor
Economics.

The Intuition Behind the Optimal Quantity of Labor
Economics.

Constructing the Labor Demand Curve
Economics.

Changing the Model Assumptions
Economics.

The Golden-Rule Level of Capital
This article explains what the golden-rule level of capital is and explains the intuition behind the existence of the golden-rule level of capital.

The Intuition Behind the Golden-Rule Level of Capital
Economics.

Economic Models and the Golden-Rule Level of Capital
Economics.

The Effect of Incentives on Optimal Effort
Economics.

The Principal-Agent Problem
This article gives some empirical evidence that supports principal-agent theory and gives intuition as to why the principal-agent problem exists.

Incentives and Agent Behavior in Real Estate
Economics.

An Economic Model of Incentives
Economics.

Combating the Principal-Agent Problem
Economics.

A Zero Price Is Not Always Truly Free
This article explains the irrationality inherent in equating a zero price with being truly free in a broader decision-making sense.

A Zero Price Biases Decision Making
Economics.

Beware of the Power of FREE!
Economics.

Analyzing the Impact of a Zero Price
Economics.

The Appeal of a Zero Price Is Repeatable
Economics.

Introduction to Tax Inversion
This article introduces the concept of tax inversion and describes the effect that tax inversion has on an economy.

Real Interest Rates
This article introduces the market for loanable funds and shows how the forces in that market determine real interest rates.

The Market for Loanable Funds
Economics.

The Supply of Loanable Funds
Economics.

The Demand for Loanable Funds
Economics.

Equilibrium in the Market for Loanable Funds
Economics.

The Similarities Between Monetary and Fiscal Policy
This article outlines the logistical differences in the implementation of monetary versus fiscal policy.

Effects on Interest Rates
Economics.

Differences in Policy Lags
Economics.

Asymmetric Information and Market Failure
This article introduces the concept of asymmetric information, explains why it is problematic in markets, and describes two ways that asymmetric information manifests itself in markets.

Adverse Selection
Economics.

Moral Hazard
Economics.

Comparing Adverse Selection and Moral Hazard
Economics.

The Origin of the Principal-Agent Problem
This article defines the principal-agent problem and explains why it leads to economic inefficiency.

Monitoring and the Principal-Agent Problem
Economics.

What Is Bundling?
This article introduces the concept of bundling and shows how bundling can be advantageous both for producers and consumers.

A Bundling Thought Exercise
Economics.

Analyzing the Bundling Decision
Economics.

Analyzing the Bundling Decision
Economics.

Bundling Can Benefit Both Producers and Consumers
Economics.

The Net Exports Category of Aggregate Expenditure
This article provides some definitions related to the balance of trade in an economy and describes how the trade balance is related to other economic quantities.

The Balance of Trade
Economics.

Net Exports and Net Capital Outflows
Economics.

A Balanced Government Budget
Economics.

Recessions and Budget Deficits
Economics.

The Government Budget at a High Level
This article introduces the government budget at a high level and defines the concepts of deficit, debt, and surplus.

A Government Budget Deficit
Economics.

Budget Deficits and the National Debt
Economics.

A Government Budget Surplus
Economics.

Investment as a Component of Aggregate Expenditure
Economics.

The Parity Between Saving and Investment
Economics.

Deviations from Saving-Investment Parity
Economics.

International Trade and Net Capital Outflows
Economics.

Saving versus Investing
This article explains the difference between

Households in an Economy Consume and Save
Economics.

Firms in an Economy Borrow in Order to Invest
Economics.

Aggregate Demand Curb - Definition in Economics
Illustrates the relationship between economic goods demanded and the price level, assuming all else is held constant

Are Sales Taxes More Regressive Than Income Taxes?
Yes, for three main reasons. e.g. People below a certain income typically do not have to pay income taxes. Everyone, however, is forced to pay sales taxes.

Value Function - Dictionary Definition
Value Function Defined - A Dictionary Definition of Value Function

Unit Root Test Definition and Example
Unit Root Test Defined - A Dictionary Definition of Unit Root Test

The Order of the Editing Steps
Economics.

The Rationality Assumption in Neoclassical Economics
This article outlines the specific properties that economists refer to when they describe behavior as economically rational.

Rational Individuals Process All Information Fully, Objectively, and Costlessly
Economics.

Rational Individuals Are Not Subject to Framing Manipulations
Economics.

Rational Individuals Have Well-Behaved Preferences
Economics.

Rational Individuals Have Well-Behaved Preferences
Economics.

Rational Individuals Have Time-Consistent Preferences
Economics.

Rational Individuals Use a Long Planning Horizon
Economics.

The Relevance of the Rationality Assumption
Economics.

What Is Prospect Theory?
This article outlines the editing heuristics outlined by Kahneman and Tversky in their description of prospect theory.

Coding of Outcomes
Economics.

Combination of Similar Outcomes
Economics.

Segregation of Riskless and Risky Components
Economics.

Cancellation of Common Outcomes
Economics.

Simplification of Probabilities
Economics.

Detection of Dominance
Economics.

What Is Prospect Theory?
This article gives a brief introduction to prospect theory and shows the motivating principle that led to its development.

An "Anomaly" in Risky Choice
Economics.

An "Anomaly" in Risky Choice
Economics.

Evidence of a Framing Manipulation
Economics.

Observed Irrationality and an Explanation
Economics.

Gain/Loss Framing and Prospect Theory
Economics.

Rational Economic Valuation
This article explains what the endowment effect is and why it arises in individual decision making.

Consumer Irrationality and Economic Valuation
Economics.

The Endowment Effect and Its Origins
Economics.

Rational Markets and the Expected Number of Trades
Economics.

The Actual Number of Trades
Economics.

The Rationale Behind the Endowment Effect
Economics.

A New Explanation for the Endowment Effect
Economics.

Marginal Propensity to Consume
This article explains what marginal propensity to consume is and shows how it is calculated.

The Range of Marginal Propensity to Consume
Economics.

Other Marginal Propensities
Economics.

Measures of Average Propensity
Economics.

Government Spending and Aggregate Expenditure
This article explains the logic behind the government spending multiplier and derives how the multiplier is calculated.

The Determinants of Aggregate Expenditure Components
Economics.

A Simplification of the Aggregate Expenditure Model
Economics.

The Government Spending Multiplier as an Infinite Sum
Economics.

Real People Can Suffer From the Overchoice Problem
Economics.

More Choice Can Arouse Interest But Decrease Purchasing
Economics.

More Choices Can Induce Fear of Regret
Economics.

Not All Assortments Are Treated Equally
Economics.

More Choice Makes Rational Individuals Better Off
This article explains what the overchoice problem is and summarizes some of the evidence that researchers have for the phenomenon.