Macroeconomics

October 29, 2014
Everyday Economics: Displaying a regression to the world mean, China's real economic growth rate might be less than most people expect.
Published by Elaine Schwartz at October 29, 2014
Categories

How Chinese Economic Growth Relates to Restaurants and Pilots

China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.

Do you like it?
Read more
October 27, 2014
empty sports stadium
Published by Elaine Schwartz at October 27, 2014
Categories

The Reason Norway Said No to the Olympics

Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.

Do you like it?
Read more
October 26, 2014
Everyday economics: A misery index number conveys the potential distress created by unemployment and inflation.
Published by Elaine Schwartz at October 26, 2014
Categories

An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

Do you like it?
Read more
October 21, 2014
Because of new attitudes and economics, there is less supply of "marriageable" men and more valuable women in marriage markets.
Published by Elaine Schwartz at October 21, 2014
Categories

Why There is Less Marriage

New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.

Do you like it?
Read more
October 16, 2014
aging population pyramids
Published by Elaine Schwartz at October 16, 2014
Categories

The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

Do you like it?
Read more
October 14, 2014
Everyday economics of LED bulbs
Published by Elaine Schwartz at October 14, 2014
Categories

The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

Do you like it?
Read more
October 12, 2014
Everyday economics and human capital formation
Published by Elaine Schwartz at October 12, 2014
Categories

When Does Practice Really Matter?

Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.

Do you like it?
Read more
October 2, 2014
The banks and insurance companies are financial intermediaries that avoid legal marijuana business.
Published by Elaine Schwartz at October 2, 2014
Categories

Marijuana Money Problems

Colorado's marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.

Do you like it?
Read more
September 30, 2014
Everyday economics and Increased demand, less physician supply and a price ceiling for Medicaid explain why we have network inadequacy.
Published by Elaine Schwartz at September 30, 2014
Categories

A Solution for Too Few Doctors: More Patience

Decreases in supply, increases in demand and legislative price ceilings are resulting in "network adequacy" problems for U.S. healthcare systems.

Do you like it?
Read more
September 28, 2014
Everyday economics for government pension plan
Published by Elaine Schwartz at September 28, 2014
Categories

When You Can Expect to Be Most Creative

Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.

Do you like it?
Read more
September 24, 2014
Everyday Economics of the iPhone 6 supply chain
Published by Elaine Schwartz at September 24, 2014
Categories

What Do iPhones and Pencils Have in Common?

Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.

Do you like it?
Read more