Economic Way of Thinking

A national network of food banks couldn't figure out how to get the right food to the right place at the right time. So they tried a bold experiment: the free market.

The introduction of the three-point line changed how people play basketball. And it has some compelling parallels to economics.

Starbucks said it would directly connect the building of inclusive and diverse teams to the pay of its executives.

It is no exaggeration to say that learning economics changed my life. In fact, I would go as far as saying the two most pivotal moments of my young adulthood was meeting my future wife at 17 and...

Fulton County Schools is providing a temporary pay incentive to substitutes through the end of the school year.

Japan is seeking to boost its flagging birth rate by funding the use of artificial intelligence to help match lonely hearts, an official said Monday. Altho

‎Show Think Like An Economist, Ep Juggling Work and Childcare During a Pandemic - Sep 2, 2020

‎Show Think Like An Economist, Ep Core Principle 3 - The Marginal Principle - Just One More? - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 4 - The Interdependence Principle - No Decision is an Island - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 2 - The Opportunity Cost Principle - Or What? - Aug 18, 2020

‎Show Think Like An Economist, Ep Why Should You Think Like an Economist? - Aug 3, 2020

‎Show Think Like An Economist, Ep Introducing: Think Like An Economist - 2020年7月16日

Bryan Caplan’s new book, Selfish Reasons to Have More Kids, (which he blogged about for us here and here) has people talking about happiness and kids, again. Over at Cato Unbound, my better half Betsey Stevenson takes Bryan to task on some of his claims. It’s worth reading the full essay. Jeff Ely at Cheap Talk says you should take note of her views on the distinction between happiness and utility. Instead, I want to highlight an insight that comes from thinking through a formal framework:

This Intro to Economics Lesson Plan introduces students to the concept of scarcity and what impact it has on the economy. Students will be asked to explore scarcity within the country as well as within their own personal life. This hands on lesson plan allows students to see the reality of scarcity and how it make impact everyone, including the individual.

“CONSUMER THEORY” ACTIVITY DETAILS (IN CLASS) LESSON START-UP: Re-cap of homework video content... We know that no two consumers are alike – they all have different tastes & preferences, different budgets, etc. – so how can we say that they all behave in the same way? Conduct an experiment in ...

For the questions below, refer to the following table showing Jenny's Total Utility from eating pizza.

Atlanta offered 50 free parking spots and a lounge for Amazon executives at Hartsfield-Jackson International Airport.

Government researchers did not offer an explanation, but experts cited factors including changing economics and fewer teen pregnancies.

U.S. senators have asked the U.S. intelligence community to assess the national security risks of the video-sharing platform: should TikTokers be worried?

VIDEO DESCRIPTION Allowing organ sales would save lives, but critics say it would hurt the poor. Download Teacher's Guide Download Video (.mp4 FILE) To download this video or the Teacher's Guide that goes along with it, please login. If you don't have an account, register now for ...

Hat tip to Nick Maggiulli of Dollars and Data blog for highlighting this research from .  Answer: Buying experiences Treating yourself (on occasion) Buying extra time Paying upfront (i.e. all-inclusive vacations) Spending on others Questions:  What are ways that you spend money that bring happiness to you? Do they fit into any of these five categories?  Why do you think that researchers found that "buying experiences" might create more happiness than buying "things?" Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Be...

History offers plenty of examples of what happens when we slow innovation because of job fears. It isn’t a pretty picture, the author argues.

"This is just one tool in the toolbox." This is the go-to refrain you'll hear from business groups, lobbyists, and legislators alike when it comes to tax incentive programs like Good Jobs for Michigan, which is set to expire on Dec. 31 if the legislature doesn't vote to either extend or…