http://economics.about.com/ Get the latest headlines from the About.com http://clk.about.com/?zi=1/1hh http://www.about.com/ 118 20 en-us 2012-02-20T12:48:24Z Mon, 20 Feb 2012 12:48:24 +0000 hourly 1 2000-01-01T12:00+00:00 http://economics.about.com/b/2012/02/20/the-economic-report-of-the-president.htm I know you've all been waiting on pins and needles for this to come out...the <a href="http://www.whitehouse.gov/blog/2012/02/17/preview-2012-economic-report-president" target="_blank">Economic Report of the President</a> was released last week, and it contains a bunch of ...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2012/02/20/the-economic-report-of-the-president.htm">Read Full Post</a></p> http://economics.about.com/b/2012/02/20/the-economic-report-of-the-president.htm Mon, 20 Feb 2012 12:52:27 +0000 2012-02-20T12:52:27Z http://economics.about.com/b/2012/02/20/economists-are-people-too.htm Economists talk so much about a theoretical, perfectly rational and calculating economic man that it's easy to forget sometimes that economists themselves are, in fact, human. The New York ...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2012/02/20/economists-are-people-too.htm">Read Full Post</a></p> http://economics.about.com/b/2012/02/20/economists-are-people-too.htm Mon, 20 Feb 2012 12:48:24 +0000 2012-02-20T12:48:24Z http://economics.about.com/b/2012/02/14/valentines-day-economist-style.htm Valentine's Day just wouldn't be complete without some economist love nerdiness...luckily, we've got that covered with <a href="http://fosslien.com/heart/" target="_blank">14 Ways an Economist Says I Love You</a>. I think my favorites are ...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2012/02/14/valentines-day-economist-style.htm">Read Full Post</a></p> http://economics.about.com/b/2012/02/14/valentines-day-economist-style.htm Tue, 14 Feb 2012 14:02:11 +0000 2012-02-14T14:02:11Z http://economics.about.com/b/2012/01/31/new-articles-this-week-7.htm Here are this week's new articles for you to check out: <p> <ul> <li><a href="http://economics.about.com/od/gross-domestic-product/a/Gross-Domestic-Product.htm" target="_blank">Introduction to Gross Domestic Product</a> - How does an economy measure aggregate output, income, and expenditure? <li><a href="http://economics.about.com/od/gross-domestic-product/a/The-Expenditure-Categories-Of-Gross-Domestic-Product.htm" target="_blank">The Expenditure Categories of Gross Domestic Product</a> - How does an economy spend its income? <li><a href="http://economics.about.com/od/gross-domestic-product/ss/The-Gdp-Deflator.htm" target="_blank">The GDP Deflator</a> - How do economists adjust GDP to correct for inflation? <li><a href="http://economics.about.com/od/demand-and-the-demand-curve/ss/The-Determinants-Of-Demand.htm" target="_blank">The Determinants of Demand</a> - What factors affect how much of an item a consumer wants to purchase? <li><a href="http://economics.about.com/od/supply-and-the-supply-curve/a/What-Is-Supply.htm" target="_blank">What Is Supply?</a> - What do economists mean when they talk about supply? <li><a href="http://economics.about.com/od/supply-and-the-supply-curve/ss/The-Determinants-Of-Supply.htm" target="_blank">The Determinants of Supply</a> - What factors affect how much of an item a firm wants to produce and sell? <li><a href="http://economics.about.com/od/behavioral-economics/a/What-Is-Behavioral-Economics.htm" target="_blank">Introduction to Behavioral Economics</a> - How do economists incorporate psychology into the field of economics? <li><a href="http://economics.about.com/od/monopolistic-competition/a/Introduction-To-Monopolistic-Competition.htm" target="_blank">Introduction to Monopolistic Competition</a> - What is a monopolistically competitive market, and what impact do such markets have on society? </ul> <p> Enjoy! http://economics.about.com/b/2012/01/31/new-articles-this-week-7.htm Tue, 31 Jan 2012 12:34:31 +0000 2012-01-31T12:34:31Z http://economics.about.com/b/2012/01/26/the-economics-of-the-state-of-the-union-address.htm As an economist, I was very pleased to see the number of references to actual economic research, findings and concepts in Tuesday's State of the Union address. As someone ...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2012/01/26/the-economics-of-the-state-of-the-union-address.htm">Read Full Post</a></p> http://economics.about.com/b/2012/01/26/the-economics-of-the-state-of-the-union-address.htm Thu, 26 Jan 2012 22:26:39 +0000 2012-01-26T22:26:39Z http://economics.about.com/b/2012/01/16/whats-a-good-teacher-worth-economists-can-tell-you.htm <p>The issue of whether or not teachers (or, more specifically, good teachers) are underpaid is the subject of much debate in both education and politics. Economists are quick to point out that, in competitive labor markets, workers are paid their marginal product of labor- in other words, how much extra value they create. The market for teachers is not a competitive labor market for various reasons, but it would be nice to know nonetheless what the value-add for a good teacher is so that policymakers could examine whether teacher compensation is at least in the right ballpark.</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2012/01/16/whats-a-good-teacher-worth-economists-can-tell-you.htm">Read Full Post</a></p> http://economics.about.com/b/2012/01/16/whats-a-good-teacher-worth-economists-can-tell-you.htm Mon, 16 Jan 2012 12:42:30 +0000 2012-01-16T12:42:30Z http://economics.about.com/b/2011/12/31/new-articles-this-week-6.htm Here are this week's new articles for you to check out: <p> <ul> <li><a href="http://economics.about.com/od/perfect-competition/a/The-Short-Run-Versus-The-Long-Run.htm" target="_blank">The Short Run versus The Long Run</a> - How do economists distinguish between the short run and the long run in compeittive markets? <li><a href="http://economics.about.com/od/production/ss/The-Costs-Of-Production.htm" target="_blank">The Costs of Production</a> - How can business owners think about the different costs that they face?</a> <li><a href="http://economics.about.com/od/production/ss/Calculating-Profit.htm" target="_blank">Calculating Profit</a> - How do businesses calculate profit? What is the difference between accounting profit and economic profit? <li><a href="http://economics.about.com/od/production/ss/Cost-Curves.htm" target="_blank">Cost Curves</a> - How do economists show different costs graphically? </ul> <p> Enjoy! http://economics.about.com/b/2011/12/31/new-articles-this-week-6.htm Sat, 31 Dec 2011 20:32:25 +0000 2011-12-31T20:32:25Z http://economics.about.com/b/2011/12/29/ronald-coase-the-worlds-oldest-living-economist.htm <p>Okay, so technically I don't know for sure that that is true, but today is Ronald Coase's 101st birthday, so I feel pretty comfortable playing the odds. In honor of Mr. Coase's birthday, I have a few items of potential interest for you:</p>...<p><a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/b/2011/12/29/ronald-coase-the-worlds-oldest-living-economist.htm">Read Full Post</a></p> http://economics.about.com/b/2011/12/29/ronald-coase-the-worlds-oldest-living-economist.htm Thu, 29 Dec 2011 20:34:58 +0000 2011-12-29T20:34:58Z http://economics.about.com/b/2011/12/27/new-articles-this-week-5.htm Here are this week's new articles for you to check out: <p> <ul> <li><a href="http://economics.about.com/od/unemployment-category/a/Measuring-Unemployment.htm" target="_blank">Measuring Unemployment</a> - How do economists measure unemployment? Does the unemployment calculation measure what really matters? <li><a href="http://economics.about.com/od/unemployment-category/a/Types-Of-Unemployment.htm" target="_blank">Types of Unemployment</a> - Why is all unemployment not created equal? </ul> <p> Enjoy! http://economics.about.com/b/2011/12/27/new-articles-this-week-5.htm Tue, 27 Dec 2011 20:21:15 +0000 2011-12-27T20:21:15Z http://economics.about.com/b/2011/12/26/the-hanukkah-production-possibilities-frontier-and-an-economists-hanukkah-song.htm <p>Christmas may be over, but Hanukkah is still going strong for a few more days. Most of you know that Hanukkah is referred to as the festival of lights, but relatively few people remember <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://judaism.about.com/od/holidays/a/hanukkah.htm">exactly how that name came about</a>. Basically, the Maccabees were trying to purify their temple after the Greeks had invaded it by burning ritual oil for eight days, but unfortunately they only had enough oil left to light the menorah for one day. The "Hanukkah miracle" is the fact that this amount of oil managed to keep the menorah going for eight days. <p> Economists would likely consider the Hanukkah miracle to be a temporary change in the <a href="http://clk.about.com/?zi=1/1hc&#038;zu=http://economics.about.com/od/production-possibilities/ss/The-Production-Possibilities-Frontier.htm">production possibilies frontier</a>- if one of the goods in a society is "days of light," or, technically, "days of temple purification," then the Hanukkah miracle could be represented by <a href="http://sethgitter.blogspot.com/2010/12/miracle-ppf-happy-hanukkah.html" target="_blank">this sort of production possibilities frontier</a>. <p> In addition, economists have even composed their own version of Adam Sandler's <a href="http://www.youtube.com/watch?v=O89869XXgdY" target="_blank">Hanukkah song</a>. Who knew there were so many Jewish economists? (Okay, maybe I did.)</p> http://economics.about.com/b/2011/12/26/the-hanukkah-production-possibilities-frontier-and-an-economists-hanukkah-song.htm Mon, 26 Dec 2011 12:52:51 +0000 2011-12-26T12:52:51Z