Economics

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One hundred years ago, U.S. antitrust prosecutors broke down monopolies in meatpacking. But can they do it again?

There's continued momentum in Detroit's burgeoning entrepreneurial ecosystem and there are many perspectives on what it means to the city's revitalization efforts, including economic development and job creation. To this end, I wanted to gain insights from a business executive who has family roots…

Venezuela has been in the news for sometime with its economy spiralling out of control with the inflation rate last year at 100,000% – doubling roughly once a month. The occurrence of hyperin…

Joe wants to go on a cross country road trip, but he’s being a bit of a bother. He isn’t taking into account his actions and how they may be impacting others. For example, his de…

Externalities 1. Which of the following would NOT likely be considered a negative externality? a) Smelter Ltd. Creates steel and pollution in Anytown, USA. b) your roommate buys a new puppy that barks every night. c) you forgot to close a window in your car and it rains and damages the inter...

We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment effects are economically meaningful ...

Compare the real prices that colleges charge, take financial control of your college search, and use this leverage to get a better price.

Are you looking for fun ways to teach your children about personal finance? Looking for some activities your children can do on their own and others you

In this personal finance lesson, students will participate in insurance pools to learn how car insurance markets deal with risks.

Answer: About 1% of U.S. millionaires (those earning $1 million/year) are professional athletes We often hear from teachers that students are convinced that professional sports are the road to riches but besides the challenge of making it to this pinnacle (only 0.03% of high school seniors playing basketball ultimately get drafted after playing college ball), almost 99% of millionaires have generated their wealth outside of professional sports. Then again, athletes who suddenly come into millions from their first contract often struggle to live within their means while we have also unc...

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…

Cheap cherry imports from Turkey are threatening farmers in Michigan, who produce two-thirds of the country's tart cherry supply.Falling profits over the past few years prompted the industry to turn to the U.S. government for help by imposing tariffs on imports, the Wall Street Journal reported…

Gov. Gretchen Whitmer signed an executive directive Monday that makes the state take into account how a company pays and treats employees, and environmental track record when choosing contractors. Under the Michigan Jobs First order, Whitmer wants to ensure the state is giving Michigan…

The U.S. Department of Agriculture is preparing to roll out another $16 billion in aid to farmers hurt by the Trump administration's trade war with China, with payments to begin next month.The second round of tariff-aid payments will give time for President Donald Trump to strike trade deals,…

I reached out to #EconTwitter and asked what songs they like to use to teach different topics in their classes and the results did not disappoint: Travis didn’t hesitate to reach out and sugg…

In this economics lesson, students will use real world examples to learn about goods and services.

Answer: Questions: Do you have a budget? Are you able to stick to it all of the time/some of the time/none of the time?  How would you answer this question for yourself: What are the purchases that cause you to overspend?  Take 2 or 3 items from the top 10 list and explain why that specific item leads to overspending.  Explain strategies that you could use to control spending in those categories. Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (CNBC): Many people struggle with oversp...

Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer.

Question of the Day Budgeting #85 Which household chores require the most time in a given week? www.ngpf.org Last updated: 2/9/20

Edpuzzle video lesson. Make any video your lesson. Take a video and crop it, add your voice or embed questions at any point.

From Flowing Data comes a chart showing trends in job growth and decline over the past 4 decades. As you move the cursor over the graph, you can see what jobs correspond to the lines on the graph.  Here's a snapshot (click to go to the interactive chart) Questions: Three fastest growing jobs since 1970? Three jobs that have seen greatest decline?  What jobs were most impacted by the Great Recession of 2008-09? Have they recovered to their pre-recession levels?

Answer: 19% Questions: The largest cost element above is depreciation. Why do you think that a new car depreciates (or loses value) over time?  Changing the number of miles you drive will reduce your fuel cost. Will it change any of the other costs listed above? Insurance estimates are based on someone with 6 years of driving experience.