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Entries Tagged as 'Econ 101'

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September 9th, 2016 · 1 Comment
Econ 101 · Tumblr

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Tags: Econ 101 · Tumblr

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Returns To Scale, Now With More Chocolate…

August 29th, 2016 · 2 Comments
Econ 101 · Production

Technically, “constant returns to scale” describes a production process where you get exactly twice as much stuff out if you put twice as much stuff in. Economists often argue that at least constant returns to scale should be achievable since, worst case scenario, you could just build a second identical factory next to the first […]

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Tags: Econ 101 · Production

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On The Increasingly Unfortunate Economics Of Peanut Allergies…

August 24th, 2016 · 6 Comments
Buyer Beware · Econ 101 · Markets · Policy

So here’s a decent and concise overview of the latest issue to be taking over the internet: Have a peanut allergy? Chance are you’re about to spend a lot more on EpiPens by Emma Hinchliffe Over the past few weeks, EpiPens have slowly overtaken the news. So what is going on with them exactly? Source: […]

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Tags: Buyer Beware · Econ 101 · Markets · Policy

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Please Don’t Let This Become The Norm, Ramen Edition…

August 23rd, 2016 · 2 Comments
Econ 101 · Macroeconomics

So the internet seems pretty much obsessed with this story right about now… Ramen is displacing tobacco as most popular US prison currency, study finds by Mazin Sidahmed Cost-cutting measures by private facilities have led to subpar food quality and fewer meals, making noodles a commodity that trades well above its value Source: The Guardian […]

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Tags: Econ 101 · Macroeconomics

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Even A Stopped Clock Is Right Twice A Day, Comparative Advantage Edition…

August 11th, 2016 · 5 Comments
Econ 101 · Policy · Taxes

You guys, I’m frustrated. Yes, by this: Secret Service had to protect MSNBC’s Katy Tur after Donald Trump incited crowd against her via @dailynewsbin — David Lazarus (@Davidlaz) August 11, 2016 and by this… "I oppose it now, I'll oppose it after the election, and I'll oppose it as president." Real talk: It would […]

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Tags: Econ 101 · Policy · Taxes

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Some Economic Insight For Donald Trump From an Individual Not Named Steve…

August 5th, 2016 · 4 Comments
Econ 101 · Economic History · Macroeconomics

Dear Mr. Trump, You didn’t approach me to be part of your econsquad, but that’s fine- while I do have more of an economics background than 12/13ths of your team, my name isn’t Steve, so I’m not sure I’d be a good fit. Hypothetically, I’d like to think I’d take you up on your offer […]

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Tags: Econ 101 · Economic History · Macroeconomics