I should have known that sending that sending Zach Weiner that copy of Mankiw would come back to bite me in the ass… Given how the most widely cited unemployment rate is calculated, the cartoon is technically correct. On one hand, not counting people who are not in the labor force as unemployed makes sense- [...]
Entries Tagged as 'Econ 101'
It’s Funny Because It’s True, Unemployment Rate Edition…
May 13th, 2013 · 2 Comments
Econ 101 · Just For Fun
Tags: Econ 101 · Just For Fun
Cartoonists Ask The Best Questions, GDP Edition…
February 19th, 2013 · 5 Comments
Econ 101 · Economic Growth · Macroeconomics
You may have noticed that I post a decent number of comics from Saturday Morning Breakfast Cereal. While I do know Zach, it wasn’t until recently that I started meddling in the cartoon-generating process. In general, it’s more amusing to see what non-economists come up with on their own, but sometimes I just can’t help [...]
Tags: Econ 101 · Economic Growth · Macroeconomics
What My Students Have Been Learning, Chicken Wings Edition…
February 1st, 2013 · 4 Comments
Econ 101
One thing that is suboptimal about teaching Principles of Microeconomics rather than a more specialized course is that the “what my students have been learning” anecdotes seem a bit simplistic to me. That said, this one took a bit of a funny turn, so I thought I would share. (Also, those of you who teach [...]
Tags: Econ 101
The Real Reason Economics Is The Dismal Science…
January 25th, 2013 · 19 Comments
Decision Making · Econ 101 · Happiness
Just kidding- this is the real reason that economics is called the dismal science, but just go with me here. Economists are quick to point out that the true cost of something, whether it be a physical good, an activity, etc., is what one has to give up in order to get that thing. This [...]
Tags: Decision Making · Econ 101 · Happiness
Some Fun With Holiday Price Gouging…
December 31st, 2012 · 5 Comments
Econ 101 · Markets
It’s New Year’s Eve, so why don’t we take a little break from learning nothing about the plan to avoid the fiscal cliff and concentrate on what’s really important? From my mother, who I would imagine had to have known that this would end up on the Internet: So is raising the price of champagne [...]