Economics

Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…

PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…

Unlike its players, Roblox’s economy has a wrinkle

NGPF Activity Bank Behavioral Finance Virtual Adaptation Ideas PLAY: The Ultimatum Game REQUIRED RESOURCES: Teachers, you must access the answer key/teacher guide for materials you need to facilitate this activity. You can find this on the Unit Page this resource is in. This fu...

PLAY: The Ultimatum Game is a classroom experiment that demonstrates how irrational humans can be when making financial decisions. With this game, students will explore the behavior and emotions behind the financial decisions they make. In this activity, students will be presented with this scenario: Two Teacher Tips: As classroom discussion will be key to learning the behavioral finance principles of this activity, it is important to review the Teacher Guide before facilitating this activity with your students.  The usual payout in the Ultimatum Game experiment is cash. As this is not feasible in the classroom setting, you may want to substitute something inexpensive that students value such as extra credit.

Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in person, and monthly views of 3-D walk-throughs on the site are up more than 500 percent since February 2020. “In this market, because the homes are gone so quickly, if I had contacted the agent and set up a showing, by then they could have had five other offers,” Ms.

Author Binyamin Appelbaum's new book shows how the evolving role of economists had a powerful influence on American public policy.

Goalsetter is the best money app for your whole family - from parents to tweens, from kids to tweens. Your Goalsetter account lets every member of your family save for goals, spend responsibly, and learn financial literacy with fun game-based quizzes. Parents can use auto-save and round-ups to save for big goals over time, kids can earn money with Goalsetter's allowance feature and tweens and teens can use Goasletter's Cashola Debit Card to spend responsibly. With Goalsetter's 'Learn before you Burn' feature, the Cashola Card will automatically freeze on the weekend if your kid hasn't taken their finanial literacy quiz for the week. Goalsetter lets kids learn healthy financial habits that last a lifetime, and the whole famiiy can watch their savings grow.

The Treasury secretary dropped hints about her priorities — if you know how to interpret them.

As one of the main public exchanges for U.S. corporations, the New York Stock Exchange is generally associated with some of the largest companies in the world. The exchange serves as the main trading market for about 2,200 companies totaling about $30 trillion in market capitalization. As such, it…

Hoarder? Splasher? Understanding your financial psychology could save you money

We all want to save more money -- but overall, people today are doing less and less of it. Behavioral scientist Wendy De La Rosa studies how everyday people make decisions to improve their financial well-being. What she's found can help you painlessly make the commitment to save more and spend less.

For the past 11 months, Birmingham-based Griffin Claw Brewing Co. has made and bottled its own brand of hand sanitizer."Our goal was just to help in any way we could," said Chris Lasher, marketing director for the craft brewer.Last March, Griffin Claw, known for its popular beers such as Norm's…

Cost has not been the primary concern in the multibillion-dollar effort to vaccinate the country against COVID-19 and end the yearlong pandemic, but somebody still has to pay for it.Who's paying and how much isn't so clear cut.The U.S. government is spending upward of $10 billion to purchase and…

Does Capitalism Actually Reduce Poverty? How capitalism lifts people out of poverty Enjoy this video? You can access many more resources like quizzes, teacher's guides, and free DVDs when you register! It will take you less than two minutes, and best of all: it's FREE!

Economists Say We Should Tax the Rich at 90% Why the Rich Like High Taxes Enjoy this video? You can access many more resources like quizzes, teacher's guides, and free DVDs when you register! It will take you less than two minutes, and best of all: it's FREE!

A microchip shortage that has idled several automaker plants around the globe — General Motors hit pause on production in February at three plants that are expected to remain shuttered until at least mid-March — and shifting auto supplier production is being blamed on a spending glut…

This week, Democrats will find out if they can include a $15 minimum wage in the stimulus package

Inside the brave new world of data-driven, search-optimized virtual restaurants that exist only on DoorDash and GrubHub

Detroit's unemployment rate won't get back to pre-pandemic levels again until 2025. That's the latest finding from the City of Detroit-University Economic Analysis Partnership that produces job and wage data with support from the University of Michigan, Michigan State University and Wayne State…

From the minimum amount of money needed to open an account to what types of investments to choose, this guide will help you start investing.

Some parts of Texas were colder than Alaska

It's Fat Tuesday, also known as Paczki Day in Michigan.Hundreds of bakeries — traditionally Polish but plenty of others have jumped on board— crank out the calorie-laden donut-like treats for this one day of the year. For more about this regional tradition, watch this brief history of…

It was only in June that news was first revealed about a 16-story residential tower planned for Detroit's Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million building — $45 million in construction costs and the rest in soft…

I read with interest Crain's editorial "It's time for state to give restaurants guidance." While I agreed with the overall point, I was alarmed that Crain's would suggest there was "no dispute" that Gov. Gretchen Whitmer's extended lockdown was the cause of reduced COVID cases and is saving lives…

After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.Domino's and Papa John's pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue…

Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.

A POPULAR MYTH holds that individual bonds are safer than bond funds—because individual bonds supposedly come with no interest rate risk. Proponents of this notion claim that if you buy a bond and interest rates rise—which they have this year—you won’t lose any principal because you’ll eventually get back the bond’s par value, assuming you hold the bond to maturity and the issuer doesn’t default. This is true, but it doesn’t mean individual bonds don’t involve interest rate risk.

Companies like MasterCard and Tesla are embracing cryptocurrency. But what does cryptocurrency's popularity mean for the U.S. dollar's global influence? Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.