Economic Way of Thinking

Hat tip to Kareem for spotting this interactive. A little bit of math might help you make better decisions when it comes to buying pizza. From NPR.org: One day last year, an engineer and I went to a pizza place for lunch. The engineer told me he wasn't very hungry, but he said he was going to get the 12-inch medium instead of the 8-inch small — because the medium was more than twice as big as the small, and it cost only a little bit more.

Link: Economists discuss the valuation of human life model to determine when the appropriate time to open the economy is. Federal agencies typically value a human life at $10 million. Many economis…

American Airlines said that it plans to pledge its loyalty program as collateral for a $4.75 billion government loan as it seeks to shore up capital to manage through the coronavirus pandemic.

He said that “almost all businesses” understand the $600 additional benefit is “a disincentive.”

Class 4 brings us an economic conundrum: how do you efficiently share a scarce resource? | Subscribe to our weekly newsletter here.

It's remarkable how economic development, and the process of locating a new facility, has changed in the last decade. Just 10 years ago, with a national unemployment rate of 10 percent, companies had little problem finding available employees, and most site location decisions were based on…

Fiat Chrysler is expected to qualify for a suite of state tax incentives as part of its plan to invest $4.5 billion in five Michigan plants.

"Amazon abandoned a high-profile, multi-billion-dollar project rather than stick around and try to make its case."

Walmart plans to offer cash bonuses to workers with perfect attendance records and offer a new PTO benefit.

Patriots TE Rob Gronkowski signed a revised contract Thursday that could make him the NFL's highest-paid tight end.

Season 03 Episode 03, "The Gothowitz Deviation". Sheldon attempts to modify Penny's behaviour by giving her a chocolate every time she does something right. ...

Until we have influencers willing to accurately define reality, we will continue to attempt to fix the blame rather than fix the problem.

We do what we are rewarded for doing. We are strongly motivated by the desire to maximize the positive consequences of our actions and minimize the negative consequences. Academics identify these a…

Bud commercial.

Former Wells Fargo bankers tell CNNMoney's Cristina Alesci how they tricked customers and opened fraudulent accounts.

This clips includes a few different economics concepts rolled in to one. The overarching theme is that of consumer choice where Homer appears to experience diminishing returns while trying to eat a…

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

"The numbers certainly matter, but they're only a starting point; a commitment to diversity and inclusion has to run much deeper to be successful," Chief D&I Officer Bo Young Lee said in the report.

The tax incentive package for Fiat Chrysler Automobiles' $1.6 billion conversion of two Detroit engine plants into a new Jeep assembly plant and other investments in Southeast Michigan could top $400 million after additional tax increment financing measures are tacked onto the deal.The Michigan…