Economics

Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.

The “Housing Theory of Everything” describes how the current housing shortage is the root cause of many other issues we face: from wealth inequality, lower productivity and lower birthrates to climate change and obesity.   EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.     The Headline The housing shortages and skyrocketing housing costs in the US have appeared in the headlines and our weekly reading lists over the past year or more. This is true around the world.

Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates.

The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks' past inflation battles.

MLBPA executive director Tony Clark vowed to fight any efforts by the league to implement a salary cap after the current labor deal ends in 2026.

Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.

Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals – and that U.S.

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The Bureau of Labor Statistics has updated its CPI formula to make it better reflect changes in consumer spending.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.

The drug has gone viral for its side effect of weight loss.

If we ace one more short workweek test, boss says we can have a pizza party outside.

Millionaires are leaving the US by the thousands, plunging the net inflow of wealthy individuals by nearly 86%, per data from Henley & Partners.

Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers turn increasingly sensitive to persistently high inflation.

Anyone who still remembers the basic principle of Economics 101 understands, on a gut level, one big problem with recorded music: It costs too much. The price of music has everything to do with supply — in that the major labels and music stores set the price of music — and little to do with […]

Economic inequality in the US can be traced in part back to the housing shortage. It's hard to hold a job or raise kids if you can't afford a home.

Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.

Hasbro refuted reports from analysts and players that it is overprinting its Magic: The Gathering card sets.

A huge number of people and institutions are affected when a group parts ways.

Professional athletes owe major tax bills every time they work in another state. If you’re a remote employee, you might, too.

President Biden's student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment for critics. It is sharply pro-rich at the expense of those far poorer, from a party pretending to stand for the opposite. It

Sports stadiums get billions of dollars in taxpayer subsidies, including Mercedes-Benz Stadium, home to the Atlanta Falcons and the site of this year's Super...

From clothes to tech, why is everything so poorly made?Subscribe and turn on notifications 🔔 so you don't miss any videos: http://goo.gl/0bsAjO Maybe you’v...

529s can open doors for kids—both in and out of the classroom.

It's no longer "dead money" if not used for educational expenses.

The food industry abides by a cost-to-menu price standard, which is 28% to 32%. This means that for any given menu item the restaurant should charge at least double.

In exchange for nearly $300 million from Wisconsin's budget surplus to repair the stadium, the Brewers would need to extend their lease through 2043.