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Entries Tagged as 'Econ 101'

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Economics Can Answer That! Oil Prices Edition…

December 17th, 2014 · 3 Comments
Econ 101 · Markets

To quote from The Consumerist: You may have noticed prices gradually falling at your neighborhood gas station over the last few months, what you may not know is that the price of oil has been falling even faster than that. Why aren’t station owners passing the savings on to drivers? The article goes on to [...]

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Tags: Econ 101 · Markets

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The Latest On Surge Pricing, Now With More Digression Into Income Inequality…

December 16th, 2014 · 7 Comments
Econ 101 · Markets

I’m beginning to think that the overlap in the Venn diagram of “Economic Theory” and “Good PR” is an area that my cat couldn’t resist trying to crawl through due to her obsession with small spaces. Case in point (re the economics, not the cat): We are all concerned with events in CBD. Fares have [...]

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Tags: Econ 101 · Markets

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My Favorite Coase Theorem Illustration Is Taking Over The World…

August 29th, 2014 · 23 Comments
Behavioral Econ · Econ 101

The fall academic semester is quickly approaching, so it’s a good time to remind readers that one of the goals of this site is to give economics instructors interesting examples and discussion topics for their classes. Those of you teaching Principles of Economics this term (as well as those of you teaching Environmental Economics and [...]

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Tags: Behavioral Econ · Econ 101

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Fun With Related Goods, Broadway Edition…

June 28th, 2014 · 5 Comments
Econ 101 · Fun With Data

One of the first things we generally cover in intro microeconomics is the determinants of demand- i.e. the factors that influence how much of a good we are willing and able to purchase. The price of a good is obviously one of these determinants, but so are the prices of what economists call “related goods.” [...]

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Tags: Econ 101 · Fun With Data

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Today’s Fun In Random Online Videos, Natural Monopoly Edition…

June 16th, 2014 · No Comments
Econ 101

I swear I know how to use the Internet in general, but I somehow managed to type my name in the wrong place when trying to access my Facebook page, which mysteriously lead to Googling myself. (I don’t care how completely that verb enters the popular lexicon, it will always sound dirty.) Anyway, those of [...]

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Price Discrimination: You’re Doing It Wrong…

January 16th, 2014 · 5 Comments
Econ 101

Let’s be honest- price discrimination is an important thing to talk about in class, but by the time it rolls around (in a principles course at least) you’re already rushing to cram in all of the material and too exhausted to bother coming up with clever/funny examples to use anymore. (Instructors, don’t even pretend that [...]

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Tags: Econ 101