Economics Sitemap - Page 4 2016-09-26

Budget Set - Function, Definition and Calculation
Budget Set Defined - A Dictionary Definition of Budget Set

What Is Absorptive Capacity in Economics?
Absorptive Capacity Defined - A Dictionary Definition of Absorptive Capacity

Technological Change - Economics Definition
Technological Change Defined - A Dictionary Definition of Technological Change

What Is the Definition of Tightness in Economics?
Tightness Defined - A Dictionary Definition of Tightness

Changes in Equilibrium with Multiple Curve Shifts
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Shifts of the Same Curve in the Same Direction
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Shifts of the Same Curve in Opposite Directions
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Shifts of the Same Curve in Opposite Directions
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Changes in Equilibrium with Multiple Curve Shifts Page 6
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Market Equilibrium Changes Affect Supply and Demand
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

A Decrease in Demand and an Increase in Supply
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

A Decrease in Demand and a Decrease in Supply
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Shifts of the Same Curve in the Same Direction
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Analyzing Changes in Market Equilibrium
This article performs comparative statics, or analysis of changes in market equilibrium, when multiple factors affect supply and demand in a market.

Natural Monopoly: Definition - Economics
Natural Monopoly Defined - A Dictionary Definition of Natural Monopoly

Producer Surplus: Definition - Economics
Producer Surplus Defined - A Dictionary Definition of Producer Surplus

Sargan Test: Definition - Economics
Sargan Test Defined - A Dictionary Definition of Sargan Test

What Is NAIRU? - Economics Definition
NAIRU Defined - A Dictionary Definition of NAIRU

All About the Economics of Interest
Interest - what do economists mean when they use the term interest? A common sense discussion on the economic concept of interest.

Cartel - Definition, Related Terms and Further Reading
Cartel Defined - A Dictionary Definition of Cartel

What Does 'Assume a Can Opener' Mean?
Assume a Can Opener Defined - A Dictionary Definition of Assume a Can Opener

von Neumann-Morgenstern Utility: Definition
von Neumann-Morgenstern Utility Defined - A Dictionary Definition of von Neumann-Morgenstern Utility

Balance of Payments - Economics Definition
Balance of Payments Defined - A Dictionary Definition of Balance of Payments

Laspeyres Index - Economics Definition
Laspeyres Index Defined - A Dictionary Definition of Laspeyres Index

Definition of the Ability to Pay Principle
The Ability to Pay Principle Defined - A Dictionary Definition of The Ability to Pay Principle

Labor Productivity - Economics Definition
Labor Productivity Defined - A Dictionary Definition of Labor Productivity

Pareto Optimal Definition
Pareto Optimal Defined - A Dictionary Definition of Pareto Optimal

Walrasian Equilibrium Dictionary Definition
Walrasian Equilibrium Defined - A Dictionary Definition of Walrasian Equilibrium

Two Stage Least Squares (Definition)
Two Stage Least Squares Defined - A Dictionary Definition of Two Stage Least Squares.

Consumer Surplus - Definition
Consumer Surplus Defined - A Dictionary Definition of Consumer Surplus

Irving Fisher, Economist: A Brief Biography
A short biography of economist Irving Fisher

Engel Curve Definition
Engel Curve Defined - A Dictionary Definition of Engel Curve

What Is Economics? (Dictionary Definition)
Economics Defined - A Dictionary Definition of Economics

M2 Money Supply
M2 Money Supply Defined - A Dictionary Definition of M2 Money Supply

Bureaucracy Definition
Bureaucracy Defined - A Dictionary Definition of Bureaucracy

Correlation - Definition of Economics Terms
Correlation Defined - A Dictionary Definition of Correlation

Substitution Bias Definition
Substitution Bias Defined - A Dictionary Definition of Substitution Bias

Deadweight Loss in Economics
Deadweight Loss Defined - A Dictionary Definition of Deadweight Loss

What Is a Quasiconcave?
Quasiconcave Defined - A Dictionary Definition of Quasiconcave

What Is a Residual Claimant?
Residual Claimant Defined - A Dictionary Definition of Residual Claimant

Rational Ignorance (Dictionary Definition)
Rational Ignorance Defined - A Dictionary Definition of Rational Ignorance

Recession (Economics) - Definition
Recession Defined - A Dictionary Definition of Recession

Indifference Curve: Definition in Economics
Indifference Curve Defined - A Dictionary Definition of Indifference Curve

Asset Pricing Models - Definition
Asset Pricing Models Defined - A Dictionary Definition of Asset Pricing Models

Asymptotic - Dictionary Definition
Asymptotic Defined - A Dictionary Definition of Asymptotic

Open Economy - Nation's GDP, Imports and Exports
Open Economy Defined - A Dictionary Definition of Open Economy

Purchasing Power Parity (PPP) Definition
PPP Defined - A Dictionary Definition of PPP

Quasi Rents Dictionary Definition
Quasi Rents Defined - A Dictionary Definition of Quasi Rents

The Baby Boom and the Future of the Economy
A reader asks a question about the baby boom generation:

Why Are Tariffs Preferable to 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.

Monopolies and Monopoly Power (Definition)
Article examines monopolies and companies in monopoly markets, and compares monopoly to oligopoly, monopolistic competition, and perfect competition.

CPI - Consumer Price Index - Dictionary Definition of CPI
CPI - Consumer Price Index Defined - A Dictionary Definition of CPI - Consumer Price Index

Demand Definition - Economics Glossary
Demand Defined - A Dictionary Definition of Demand

Introduction to Capital Markets
A first look at capital markets.

Using Calculus to Calculate Elasticities
An article which explains how to calculate various elasticities using calculus.

How Does the Value of the U.S. Dollar Impact Canada?
Learn how the change in value of U.S. currency impacts Canadian businesses and shifts the direction of imports and exports.

Inverse Demand Function - Definition
Inverse Demand Function Defined - A Dictionary Definition of Inverse Demand Function.

Is the Canadian Dollar Going Up or US Dollar Falling?
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?

Anti-Trust Legislation - Definition
Anti-Trust Legislation Defined - A Dictionary Definition of Anti-Trust Legislation

World Bank - Definition
World Bank Defined - A Dictionary Definition of World Bank

Price Ceiling - Definition
Price Ceiling Defined - A Dictionary Definition of Price Ceiling

Economics: Submartingale - Definition
A kind of stochastic process, in which the expected value of next period's value, as projected, is greater than or equal to the current period's value.

The Economics of Sales Taxes
A short primer on the economics of sales taxes. What are the properties of sales taxes and how do sales taxes impact the economy?

New Growth Theory - Definition & Examples
This phrase is often used in the world of economics and refers to economic growth. Learn the complete definition as well as other economic terms.

Fiscal Stimulus - Three Key Ingredients
A look at the features required of any fiscal stimulus plan - that is, any plan to increase government spending in order to stimulate the economy.

Dictionary Definition of Arbitrage Opportunity
Arbitrage Opportunity Defined - A Dictionary Definition of Arbitrage Opportunity

Arrow-Pratt Measure Definition
Arrow-Pratt Measure Defined - A Dictionary Definition of Arrow-Pratt Measure

Fiat Money - Definition
Fiat Money Defined - A Dictionary Definition of Fiat Money

Economics Definition of Tragedy of the Commons
Tragedy of the Commons Defined - A Dictionary Definition of Tragedy of the Commons

Dictionary Definition of Fisher Equation
Fisher Equation Defined - A Dictionary Definition of Fisher Equation

Cronbach's Alpha - Definition and Uses
Cronbach's Alpha Defined - A Dictionary Definition of Cronbach's Alpha

Inferior Good - Economic Definition
Definition: An inferior good is a good that has the property that when a person's income rises the demand for the inferior good falls.

Ordinary Least Squares (OLS) Definition
OLS / Ordinary Least Squares Defined - A Dictionary Definition of OLS / Ordinary Least Squares

Arc Elasticity
Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity

A Primer on Arc Elasticity
Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity. Page 2.

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. Page 2.

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.

Mortality Dictionary Definition and Directory
Mortality Defined - A Dictionary Definition of Mortality

Giffen Good - Economics Glossary Definition
Giffen Good Defined - A Dictionary Definition of Giffen Good

Definition of Value Added
Value Added Defined - A Dictionary Definition of Value Added

What Is the Certainty Equivalent?
Certainty Equivalent Defined - A Dictionary Definition of Certainty Equivalent

Economic Growth: Inventions, Development, and Tycoons
An examination of the impact inventions, development, and tycoons have had on economic growth in the United States.

Ex Ante - Economics Definition
The ex antes values (e.g. of expected gain) are those that are calculated in advance of the resolution of uncertainty.

Calculate Cross-Price Elasticity of Demand (Calculus)
An article which explains how to calculate various elasticities using calculus.

What Is the Principle of Optimality?
Principle of Optimality Defined - A Dictionary Definition of Principle of Optimality

Constant Relative Risk Aversion (CRRA) Definition
CRRA - Constant Relative Risk Aversion Defined - A Dictionary Definition of CRRA - Constant Relative Risk Aversion

The Growing Importance of Monetary Policy
A look at the importance of monetary policy to the United States economy.

Utilitarianism Dictionary Definition
Utilitarianism Defined - A Dictionary Definition of Utilitarianism

Social Welfare Function (SWF) Definition
Social Welfare Function Defined - A Dictionary Definition of Social Welfare Function

Markov Transition Matrix Definition and Example
Markov Transition Matrix Defined - A Dictionary Definition of Markov Transition Matrix

Significance - Glossary of Economic Terms
Significance Defined - A Dictionary Definition of Significance

Transactions Demand for Money - Economics Definition
Transactions Demand for Money Defined - A Dictionary Definition of Transactions Demand for Money

Dictionary Definition of Exogeneous
Exogeneous Defined - A Dictionary Definition of Exogeneous

Homothetic Function (Homotheticity) - Mathematics Terms
Homothetic Function / Homotheticity Defined - A Dictionary Definition of Homothetic Function / Homotheticity

What Is Dutch Disease?
An article on Dutch Disease for beginners which answers the question: What is Dutch Disease?

Definition of Principal-Agent Problem
Principal-Agent Problem Defined - A Dictionary Definition of Principal-Agent Problem

Dictionary Definition of Inflation
Inflation Defined - A Dictionary Definition of Inflation

Interest Rate Dictionary Definition
Interest Rate Defined - A Dictionary Definition of Interest Rate

Why Do Oil Prices and the Canadian Dollar Move Together?
Article answers the question:. Economics.

Economics: Monotone Transformation - Definition
A transformation that preserves inequalities of its arguments.

The Costs of Production
This article outlines different ways to measure the costs of production.

The Costs of Production
This article outlines different ways to measure the costs of production.

The Costs of Production
This article outlines different ways to measure the costs of production.

The Costs of Production
This article outlines different ways to measure the costs of production.

The Costs of Production
This article outlines different ways to measure the costs of production.

Costs of Production
This article outlines different ways to measure the costs of production.

The Costs of Production- Marginal Costs
This article outlines different ways to measure the costs of production.

The Costs of Production
This article outlines different ways to measure the costs of production.

Stolper-Samuelson Theorem - Dictionary Definition
Stolper-Samuelson Theorem Defined - A Dictionary Definition of Stolper-Samuelson Theorem

About Corporations in the United States
An examination of the role corporations play in the American economy.

Dictionary Definition of t-Statistic
t-Statistic Defined - A Dictionary Definition of t-Statistic

What is Dumping? (Definition)
Dumping Defined - A Dictionary Definition of Dumping

Morbidity Definition
Morbidity Defined - A Dictionary Definition of Morbidity

The Banking System and the Money Supply
This article explains how the commonly-used fractional reserve banking system works.

A Simple Bank and Its Balance Sheet
This article explains how the commonly-used fractional reserve banking system works.

Fractional Reserve Banking and the Loan Cycle
This article explains how the commonly-used fractional reserve banking system works.

Summation Formulas and the Bank's Balance Sheet
This article explains how the commonly-used fractional reserve banking system works.

Fractional Reserve Banking and Financial Stability
This article explains how the commonly-used fractional reserve banking system works.

The Determinants of Supply (Economists Break It Down)
This article outlines the different factors that affect the supply of a good or service.

The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.

The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.

The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.

The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.

The Determinants of Supply
This article outlines the different factors that affect the supply of a good or service.

Giffen Goods - the Slope of the Demand Curve
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.

Giffen Goods and the Substitution and Income Effects
This article introduces the concept of a Giffen good and explains how Giffen goods can occur. Page 2.

Giffen Goods - the Slope of the Demand Curve
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.

Giffen Goods - the Slope of the Demand Curve
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.

Giffen Goods - the Slope of the Demand Curve
This article introduces the concept of a Giffen good and explains how Giffen goods can occur.

Giffen Goods Versus Veblen Goods - Microeconomics
This article introduces the concept of a Giffen good and explains how Giffen goods can occur. Page 6.

Does the Superbowl Predict Economic Growth?
We investigate the following claim:

Microeconomics for Beginners - Introduction
This section outlines the core topics taught in an introductory microeconomics course.

Rejection Region - Dictionary Definition
Rejection Region Defined - A Dictionary Definition of Rejection Region

Supply and Demand Equilibrium - Illustrated Guide
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply and Demand Equilibrium
This article shows how supply and demand come together to determine prices and quantities in a market.

Supply Curve Definition - Economics Glossary
Supply Curve Defined - A Dictionary Definition of Supply Curve

Introduction to Exchange Rates
This article introduces the concept of exchange rates and foreign exchange and explains the distinction between nominal and real exchange rates.

Introduction to Exchange Rates
This article introduces the concept of exchange rates and foreign exchange and explains the distinction between nominal and real exchange rates.

Exchange Rates - Appreciation & Deprecation
This article introduces the concept of exchange rates and foreign exchange and explains the distinction between nominal and real exchange rates. Page 3.

Introduction to Exchange Rates
This article introduces the concept of exchange rates and foreign exchange and explains the distinction between nominal and real exchange rates.

The Demand Curve
This article introduces the demand curve and discusses a few of its features.

The Demand Curve
This article introduces the demand curve and discusses a few of its features.

The Demand Curve
This article introduces the demand curve and discusses a few of its features.

The Demand Curve
This article introduces the demand curve and discusses a few of its features.

The Slope of the Demand Curve - Economics
This article introduces the demand curve and discusses a few of its features.

The Demand Curve
This article introduces the demand curve and discusses a few of its features.

The Demand Curve Equation - Economics
This article introduces the demand curve and discusses a few of its features.

The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.

The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.

The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.

The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.

The Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed.

The Lorenz Curve - Characteristics of the Lorenz Curve
This article introduces the Lorenz curve as one way to measure income equality and shows how the curve is constructed. Page 6.

Marginal Revenue & Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Marginal Revenue and Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Marginal Revenue and Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Marginal Revenue and Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Marginal Revenue and Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Marginal Revenue and Marginal Cost Practice Question
In this article we go through 5 questions on marginal revenues and marginal costs to illustrate how a student should answer these questions.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Features of Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade. Page 3.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Absolute and Comparative Advantage
This article introduces the concepts of absolute advantage and comparative advantage and explains why they are relevant to understanding the gains from trade.

Free Online Microeconomics Textbook
About.com's online Microeconomics Textbook helps students clarify microeconomic concepts they may be unclear about.

Definition of Comparative Advantage
Comparative Advantage Defined - A Dictionary Definition of Comparative Advantage

Dictionary Definition of Investment
Investment Defined - A Dictionary Definition of Investment

Full Employment - Dictionary Definition
Economics dictionary and glossary definition of

What is a Recession? Questions and Answers
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.

Introduction to Oligopoly
This article defines and outlines a few features of oligopoly.

Corrective Subsidies for Positive Externalities
This article explains what a positive externality on consumption is and shows the effect that it has on a market. Page 5.

Other Models of Externalities
This article explains what a positive externality on consumption is and shows the effect that it has on a market. Page 6.

Market Outcome versus Socially Optimal Outcome
This article explains what a positive externality on consumption is and shows the effect that it has on a market. Page 3.

Unregulated Markets with Externalities Result in Deadweight Loss
This article explains what a positive externality on consumption is and shows the effect that it has on a market. Page 4.

Benefits of Consumption versus Benefits to Society
This article explains what a positive externality on consumption is and shows the effect that it has on a market.

Supply and Demand With a Positive Externality on Consumption
This article explains what a positive externality on consumption is and shows the effect that it has on a market. Page 2.

Corrective Taxes for Negative Externalities
This article explains what a negative externality on production is and shows the effect that it has on a market. Page 5.

Other Models of Externalities
This article explains what a negative externality on production is and shows the effect that it has on a market. Page 6.

Unregulated Markets with Externalities Result in Deadweight Loss
This article explains what a negative externality on production is and shows the effect that it has on a market. Page 4.

Supply and Demand With a Negative Externality on Production
This article explains what a negative externality on production is and shows the effect that it has on a market. Page 2.

Market Outcome versus Socially Optimal Outcome
This article explains what a negative externality on production is and shows the effect that it has on a market. Page 3.

Cost of Production versus Cost to Society
This article explains what a negative externality on production is and shows the effect that it has on a market.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 7.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 8.

Introduction to Markets for the Factors of Production
This article introduces markets for the factors of production and outlines their role in the economy.

Introduction to Markets for the Factors of Production
This article introduces markets for the factors of production and outlines their role in the economy. Page 2.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale. Page 2.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale. Page 3.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale. Page 4.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale. Page 5.

Returns to Scale
This article explains what is meant by the concept returns to scale and outlines when companies exhibit increasing, decreasing, and constant returns to scale. Page 6.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 2.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 3.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 4.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 5.

Introduction to Average and Marginal Product
This article introduces the concept of marginal product and discusses some common properties of this measure. Page 6.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 10.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 11.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 2.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 3.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 4.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 5.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 6.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 7.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 8.

Analysis of a Subsidy
This article explains the effect that a subsidy has on market price and quantity as well as on the economic well-being of consumers, producers, and society overall. Page 9.

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

Introduction to Cournot Competition
This article gives an overview of the Cournot model of competition that is discussed in microeconomics and industrial organization courses. Page 2.

Introduction to Consumer Surplus
This article introduces the concept of consumer surplus and shows how it is calculated.

Introduction to Consumer Surplus
This article introduces the concept of consumer surplus and shows how it is calculated. Page 2.

Introduction to Consumer Surplus
This article introduces the concept of consumer surplus and shows how it is calculated. Page 3.

Introduction to Producer Surplus
This article gives an overview of what producer surplus is and how it is calculated.

Introduction to Producer Surplus
This article gives an overview of what producer surplus is and how it is calculated. Page 2.

Introduction to Producer Surplus
This article gives an overview of what producer surplus is and how it is calculated. Page 3.

Introduction to Producer Surplus
This article gives an overview of what producer surplus is and how it is calculated. Page 4.

The Consumer Price Index
This article explains what the consumer price index is and what it is used for.

The Consumer Price Index
This article explains what the consumer price index is and what it is used for. Page 2.

The Consumer Price Index
This article explains what the consumer price index is and what it is used for. Page 3.

The Consumer Price Index
This article explains what the consumer price index is and what it is used for. Page 4.

Finding Consumer Surplus and Producer Surplus Graphically
This article outlines the steps to locate consumer surplus and producer surplus on a supply and demand diagram.

Finding Consumer Surplus and Producer Surplus Graphically
This article outlines the steps to locate consumer surplus and producer surplus on a supply and demand diagram. Page 2.

Finding Consumer Surplus and Producer Surplus Graphically
This article outlines the steps to locate consumer surplus and producer surplus on a supply and demand diagram. Page 3.

An Increase in Supply
This article explains how to analyze changes in market equilibrium. Page 3.

A Decrease in Supply
This article explains how to analyze changes in market equilibrium. Page 4.

An Increase in Demand
This article explains how to analyze changes in market equilibrium. Page 5.

A Decrease in Demand
This article explains how to analyze changes in market equilibrium. Page 6.

Summarizing Changes in Equilibrium
This article explains how to analyze changes in market equilibrium. Page 7.

Economic Equilibrium
This article explains how to analyze changes in market equilibrium.

Analyzing Changes in Equilibrium
This article explains how to analyze changes in market equilibrium. Page 2.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 3.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 4.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 5.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 6.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 7.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 8.

The Demand Curve that a Monopolist Faces
This article explains how a monopolist maximizes profit and shows how to show that profit graphically.

Finding the Profit-Maximizing Quantity
This article explains how a monopolist maximizes profit and shows how to show that profit graphically. Page 2.

Finding the Profit-Maximizing Price
This article explains how a monopolist maximizes profit and shows how to show that profit graphically. Page 3.

The Monopolist as a Price Maker
This article explains how a monopolist maximizes profit and shows how to show that profit graphically. Page 4.

Identifying a Monopolist's Profit
This article explains how a monopolist maximizes profit and shows how to show that profit graphically. Page 5.

Losses for a Monopolist
This article explains how a monopolist maximizes profit and shows how to show that profit graphically. Page 6.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets.

The Economic Inefficiency of Monopoly
This article explains why monopolies are inefficient for society compared to competitive markets. Page 2.

The Profit-Maximization Rule for a Competitve Firm
This article explains how a firm in a competitive market maximizes profit and shows how to represent that profit graphically. Page 2.

Finding the Profit-Maximizing Quantity
This article explains how a firm in a competitive market maximizes profit and shows how to represent that profit graphically. Page 3.

Identifying a Competitive Firm's Profit
This article explains how a firm in a competitive market maximizes profit and shows how to represent that profit graphically. Page 4.

Losses for a Competitive Firm
This article explains how a firm in a competitive market maximizes profit and shows how to represent that profit graphically. Page 5.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 2.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 3.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 4.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 5.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 6.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 7.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 8.

Introduction to Competitive Markets
This article introduces the concept of a competitive market and outlines the economic features that competitive markets exhibit. Page 9.

The Demand Curve that a Competitive Firm Faces
This article explains how a firm in a competitive market maximizes profit and shows how to represent that profit graphically.

Graphing Zero Profit
This article shows how to show the amount of profit that a firm makes graphically. Page 5.

Graphing Losses
This article shows how to show the amount of profit that a firm makes graphically. Page 4.

Graphing Positive Profit
This article shows how to show the amount of profit that a firm makes graphically. Page 2.

Losses as Negative Profits
This article shows how to show the amount of profit that a firm makes graphically. Page 3.

The Profit Equation
This article shows how to show the amount of profit that a firm makes graphically.

Cost Minimization
This article introduces a basic rule that can be used by firms to figure out what mix of labor and capital produces output at lowest cost.

Cost Minimization
This article introduces a basic rule that can be used by firms to figure out what mix of labor and capital produces output at lowest cost. Page 2.

Cost Minimization
This article introduces a basic rule that can be used by firms to figure out what mix of labor and capital produces output at lowest cost. Page 3.

Cost Minimization
This article introduces a basic rule that can be used by firms to figure out what mix of labor and capital produces output at lowest cost. Page 4.

The Units of Marginal Costs
This article shows representative average and marginal cost curves for a firm and disucsses their general properties.

The Properties of Average and Marginal Cost Curves
This article shows representative average and marginal cost curves for a firm and disucsses their general properties. Page 2.

Opportunity Cost as True Economic Cost
This article introduces the concept of opportunity cost and explains how it is used in economic decision making.

The Cyprus Financial Crisis
This article outlines the events that transpired in the 2013 Cyprus banking crisis.

Business Cycles and Economic Growth
This category describes a model of economic growth and introduces the concept of business cycles.

Externalities and Public Goods
This category introduces the concept of externalities, or market side effects, and discusses the effect of externalities on the value created by a market. It also introduces various types of goods that result in market failures.

What Is Macroeconomics?
Article for beginners answers the question: What Is Macroeconomics?

Macroeconomics 101
This section outlines the core topics taught in an introductory macroeconomics course.

Mankiw Principles of Economics, 5th Edition
This article gives an overview of how the different about.com economics categories correspond to the material in the 5th edition of Principles of Economics by N. Gregory Mankiw.

Farm Policy of the 20th Century
An examination of American farm policy during the 20th century.

Math Camp for Economics Graduate Students
The article asks -

Can Sports Arbitrage Software Make You Easy Money?
We answer the question:

The Broken Window Fallacy
This article explains the parable of the broken window as told by Frederic Bastiat and discusses the impact of the reasoning on how to think about production versus economic value or wealth.

Reviewing the American Economic System
An overview of the American economy.

Canada's Economic Indicators - Where to Find Canadian Economic Data
Want to know how the economy of Canada is performing? You need to examine the economic indicators for Canada. In this article we provide sources and links for Canadian economic data.

Will the Canadian Dollar Hit Par?
Article discusses the value of the Canadian Dollar, what is making it appreciate in value vis-a-vis the U.S. Dollar, and speculation on whether or not the Canadian Dollar will appreciate to the point where it is equal in value to the U.S. Dollar.

Trade Under the Clinton Administration
An examination of American trade during the Clinton years.

An Introduction to Foreign Trade
A look at the importance of foreign trade to the United States.

Current U.S. Trade Agenda
An examination of the American international trade agenda.

What Does Free Trade Lead To?
I have been thinking a great deal lately about the issue of free trade; specifically how greatly the views of economists and the general public differ. I believe both groups get it wrong in some ways: Economists get free trade wrong by using a definition of free trade that lacks practical application. The general public, however, gets in what they believe free trade will necessary lead to.

Deregulating Transportation
An examination of deregulation of the transportation industry in the 1970s and 1980s.

Savings and Loan Bailouts
An examination of S&L bailouts during the late 1980s.

Deregulating Telecommunications
An examination of deregulation of the telecommunications industry in the 1980s and 1990s.

The Economic Cost of a Flu Pandemic
There's been a great deal of discussion in the news about the possibility that the H5N1 strain of bird flu may cause a flu pandemic of the likes not seen in the Western world since 1918-1919. Needless to say the possibility of a pandemic that could cause the loss of hundreds of thousands of lives is bound to get people's attention. Beyond the terrible cost in human life, the economy would take a severe hit, hurting the livelihood of billions.

Direct Services and Direct Assistance in the U.S. Economy
A look at the use of Direct Services and Direct Assistance in the U.S. Economy.

Basic Ingredients of the U.S. Economy
An examination of the capitalist economy of the United States.

Poverty and Inequality in the United States
A look at poverty and inequality in the United States.

Hurricane Katrina and the Economy
It's still far too early to predict the size of the impact Hurricane Katrina will have on the U.S. economy. However, there are a number of points you should keep in mind when you listen to pundits discuss the likely economic impact Katrina will have.

How Do High Small Business Corporate Tax Rates Hurt The Economy?
We examine the idea that high taxes on small business are bad because they take away the resources a business needs to expand - a classic income effect. In this article we have a discussion of corporate tax rates, income effects, substitution effects and economic growth.

Economic Incidence - Why a Discussion of 'How Much Do The Rich Pay in Taxes?' Is Misleading
A look at the topic of economic incidence in taxation

Two More Marijuana Legalization Letters
Two more letters on the legalization of marijuana

Pigovian Taxes - Joining the Pigou Club
A discussion of the use of Pigouvian taxes to generate revenue and reduce negative externalities such as pollution.

Should We Adjust Prices For Inflation
Should We Adjust Prices For Inflation

Diversity in the Workplace
An examination of diversity in the American workplace.

Why Do We Use the Unemployment Rate?
Economists, the media and the general public use the unemployment rate as the measure of the health of the labor market. But is it really the most useful measure?

Fiscal Policy in the 1960s and 1970s
An examination of American fiscal policy during the 1960s and the 1970s.

Fiscal Policy in the 1980s and 1990s
An examination of American fiscal policy during the 1980s and the 1990s.

Fiscal Policy: Budget and Taxes
An examination of the role of government budgets and taxes in fiscal policy.

Money in the U.S. Economy
An examination of the role money plays in the U.S. economy.

A Question on Pareto Efficiency
A Question on Pareto Efficiency. Economics.

What Happens if Nominal Interest Rates Go To Zero?
Can nominal 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?

Mergers in the 1980s and 1990s
An examination of corporate mergers during the 1980s and 1990s.

Monopolies, Mergers, and Restructuring
An examination of corporate mergers and monopolies.

Do Richer People Pay a Higher Proportion of Tax Under a Flat Tax?
Article examines what the flat tax is and how it impacts the amount of tax paid by a taxpayer. Examines the difference between marginal tax rates and effect tax rates.

Oregon's Mileage Tax: A Truly Bad Idea
I try not to editoralize when I comment on public policy proposals. I try to give my readers the pros and cons of any potential new law and leave it up to the reader to form their own opinion with the new information they have. But some policy proposals are so outrageously ill-conceived they defy all description. Oregon's

What Will The Price of Oil Be 5 Years From Now?
We examine the question of

Global Economic Integration
An examination of the integration of the global economy.

Economic Recovery in the 1980s
An examination of the American economic recovery during the 1980s.

American-Canadian Trade and Exchange Analysis
American-Canadian Trade and Exchange Analysis

The Trade Deficit and Exchange Rates - Conclusion
The Trade Deficit and Exchange Rates - Conclusion

Economics in a Business School vs. Economics in an Econ Department - Is There a Difference?
Economics in a Business School vs. Economics in an Econ Department - Is There a Difference?

Might War Be Good for the Economy - An Alternative View on War and Economic Growth
An alternative view - that in some cases war can be good for the economy.

Are These The Top 11 Unsolved Problems in Economics?
Wikipedia identifies the top 11 unsolved problems in Economics... but could some of these ever be answered?

Imports and Exports Economic 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.

A Season Later: Baseball Players and Opportunity Costs
A Season Later: Baseball Players and Opportunity Costs is the sequel to

The Winner's Curse - Oil Field Economics and Baseball
A look at oil fields, baseball players, economics, the winner's curse, and game theory

The Winner's Curse - Oil Field Economics and Baseball
A look at oil fields, baseball players, economics, the winner's curse, and game theory Page 2.

The Winner's Curse - Oil Field Economics and Baseball
A look at oil fields, baseball players, economics, the winner's curse, and game theory Page 3.

The Winner's Curse - Oil Field Economics and Baseball
A look at oil fields, baseball players, economics, the winner's curse, and game theory Page 4.

The Winner's Curse - Oil Field Economics and Baseball
A look at oil fields, baseball players, economics, the winner's curse, and game theory Page 5.

Are recessions good for the economy?
If recessions were necessary to

Quarterly Economic Data
Doing an economics or econometrics project? Get all the quarterly economic data you need right here. Economic data available for all kinds of econometrics and economics assignments.

Econometrics Resource Center
Looking for information on econometrics? Look no further! We have all the information you need on econometrics right here.

Economics Glossary - Terms Beginning With A
Want to know the meaning of an economics term? Look no further than here!

Economics Glossary - Terms Beginning With B
Want to know the meaning of an economics term? Look no further than here!

Advertisements as a Revenue Source
Here we look at the question

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

Gay Marriage Makes Cents
Gay Marriage Makes Cents. The essay is Christine Halverson's entry for The 2004 Moffatt Prize in Economics.

Gay Marriage Makes Cents
Gay Marriage Makes Cents. The article is Christine Halverson's entry for The 2004 Moffatt Prize in Economics. Page 2.

Emerging Roles of the IMF
Emerging Roles of the IMF. The essay is Alexey Sokolin's entry for The 2004 Moffatt Prize in Economics.

Emerging Roles of the IMF
Emerging Roles of the IMF. The article is Alexey Sokolin's entry for The 2004 Moffatt Prize in Economics. Page 2.

How Economic Incentives Can Help the Maine Lobster Industry
How Economic Incentives Can Help the Maine Lobster Industry. The essay is Pavel Gavrilov's entry for The 2004 Moffatt Prize in Economics.

How Economic Incentives Can Help the Maine Lobster Industry
How Economic Incentives Can Help the Maine Lobster Industry. The article is Pavel Gavrilov's entry for The 2004 Moffatt Prize in Economics. Page 2.

How Economic Incentives Can Help the Maine Lobster Industry
How Economic Incentives Can Help the Maine Lobster Industry. The article is Pavel Gavrilov's entry for The 2004 Moffatt Prize in Economics. Page 3.

How Economic Incentives Can Help the Maine Lobster Industry
How Economic Incentives Can Help the Maine Lobster Industry. The article is Pavel Gavrilov's entry for The 2004 Moffatt Prize in Economics. Page 4.

How Economic Incentives Can Help the Maine Lobster Industry
How Economic Incentives Can Help the Maine Lobster Industry. The article is Pavel Gavrilov's entry for The 2004 Moffatt Prize in Economics. Page 5.

Stock Market Economics Resource Center
Looking for information on stock market economics? Look no further! We have all the information you need on stock market economics right here.

Do Changes in Stock Prices Cause Recessions?
Do Changes in Stock Prices Cause Recessions?

Do Changes in Stock Prices Cause Recessions?
Do Changes in Stock Prices Cause Recessions? Page 2.

A Public Good Through the Eyes of College Freshmen
A Public Good Through the Eyes of College Freshmen

Instant Econometrics Project - Spending on Imports
Do you have an econometrics project due ASAP, but don't know where to begin? Get all the information and data you need right here. Second topic: Personal Disposable Income and Spending on Imports

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 2.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 3.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 4.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 5.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 6.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 7.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 8.

The Production Possibilities Frontier
This article introduces the production possibilities frontier as a basic model of production tradeoffs and describes some of its notable features. Page 9.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 10.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 11.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 2.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 3.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 4.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 5.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 6.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 7.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 8.

Introduction to Revenue
This article gives an overview of the different ways to measure revenue. Page 9.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 10.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 2.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 3.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 4.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 5.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 6.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 7.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 8.

10 Supply and Demand Practice Questions
10 practice supply and demand questions to help students study for tests. Page 9.

The Effects of a Black Market Using Supply and Demand
We show through supply and demand analysis what happens when a black market is created.

The Effects of a Black Market Using Supply and Demand
We show through supply and demand analysis what happens when a black market is created. Page 2.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 2.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 3.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 4.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 5.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 6.

Supply & Demand Practice Question
In this article we go through 5 questions on supply & demand to illustrate how a student should answer these questions. Page 7.

Aggregate Demand & Aggregate Supply Practice Question - Set-Up
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 2.

Aggregate Demand & Aggregate Supply Practice Question - Part 1
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 3.

Aggregate Demand & Aggregate Supply Practice Question - Part 2
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 4.

Aggregate Demand & Aggregate Supply Practice Question - Part 3
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 5.

Aggregate Demand & Aggregate Supply Practice Question - Part 4
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 6.

Aggregate Demand & Aggregate Supply Practice Question - Part 5
In this article we go through 6 questions on aggregate supply and aggregate demand to illustrate how a student should answer these questions. Page 7.