Economics

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

70% of African households own cellphones but less than 35% have access to credit. Mining non-traditional forms of credit via available technologies, Eric Mibuari asks if this "mobile continent" can use cellphones to access what they need most: loans.

Detroit boiled over this week as protesters took to the streets for mostly nonviolent demonstrations against police brutality. But the cries of racism extend long past policing policies in a city where recent health crises and economic recovery then fallout have been uneven. Black Detroiters…

"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.

Select your major and college of choice and find out the max amount of loans you should take out.

As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell.

Senior executives from two major US chicken producers have been indicted for allegedly conspiring to fix prices and rig bids on "broiler chickens," which are sold to grocery stores and restaurants.

Now thousands of people could be competing for your role from around the world.

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.