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Entries Tagged as 'Econ 101'

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My Favorite Coase Theorem Illustration Is Taking Over The World…

August 29th, 2014 · 17 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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A Lesson In Quality Over Quantity, Comic-Con Edition…

October 16th, 2013 · 4 Comments
Econ 101 · Markets

Preface: You know it’s gotten pretty bad when you’re overthinking a blog post written by a group called “Overthinking It.” One of my nerd soul mates over at Overthinking It put together some interesting data from New York’s Comic-Con, including some potential explanations for why the prices that celebrities charge for autographs are what they [...]

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Tags: Econ 101 · Markets

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A Bonus Video On How To Find Consumer Surplus And Producer Surplus Graphically…

September 27th, 2013 · 8 Comments
Econ 101 · Videos

A bonus video for you- I figured it would be helpful for those of you who are taking econ 101 to have a tutorial on how to find consumer surplus and producer surplus on a graph, since the rules are pretty straightforward but not always well explained. You can find more practice problems and tutorials [...]

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Tags: Econ 101 · Videos