Economics

Shift away from paper money risks leaving young people out of touch with their finances #bestpractice #financialeducation #financialplanning

DEMAND LAW OF DEMAND “More of a good will be bought the lower its price, less will be bought the higher its price, ceteris paribus.” Law of Demand implies that there is an INVERSE relationship between P, Qd – other things staying the same: What would affect your willingness or abil...

When it comes to picking a college, Dave Ramsey says too many students and their families are more focused on attending that all-important "dream school," than seriously considering what student loan debt will do to their lives 20 or 30 years down the line. And that has to change, he says.

Index Funds offer an intoxicating promise: lower fees, diversified risk and better returns. But is there a dark side to their astonishing rise?

This infographic illustrates how the fastest growing and declining retail brands are attempting to stay relevant in the pandemic economy.

The crisis is compressing and accelerating trends that would have taken decades to play out

Crippling student debt in the U.S. has reached a record high of $1.5 trillion nationwide. Today’s map breaks down which states bear the highest burden.

Thom and Mike share a common passion: creating classroom economies to bring economics and personal finance to life for their students. Thom and Mike share their different approaches to bringing this engaging tool into middle and high school classrooms. Enjoy! Details 0:00~2:20 Introduction 2:20~7:31 Thom’s YouTube video class and tips to building engagement 7:31~13:07 Mike’s method of bringing economics to life 13:07~22:39 Tom’s middle school classroom economy 22:39~26:40 How Mike incorporates personal finance concepts in the class 26:40~27:08 A word from NGPF 27:08~28:44 ...

Artificial online banks for families and educators

This free curriculum covers globalization and automation, and then applies those concepts to your personal choices of education and career.

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:

People with student loans who participate in financial education programs become better financial managers, building personal wealth after college, University of Illinois researchers found in a recent study.

Adam Carroll talks about his $10,000 Monopoly game with his kids and how to teach finance management in a cashless society. Adam Carroll is quickly being rec...

The Index Card Final Reflection

Bingo Cards

The rarest pleasure is having things exactly how you’d prefer to have them.

The government suspended the Jones Act last week, to allow non-US ships to move fuel to victims of hurricanes in Houston and Florida. Which once again made us wonder why the act even exists.

The "winners" and "losers" in a trade war.

Current Topic: Trade & Specialization Previous Topics Connected: opportunity cost Future Topics Foreshadowed: economic growth, savings and investment News Article: “Commentary: Tariffs aim at reducing big deficit with China” Article Link: https://mru.io/comme32a4b Description: A commentator fo...

Global demand for beef, chicken, and pork continues to rise. So do concerns about environmental and other costs. Will reconciling these two forces be possible — or, even better, Impossible™?

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.