Macroeconomics

October 12, 2014
Everyday economics and human capital formation
Published by Elaine Schwartz at October 12, 2014
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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.

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October 2, 2014
The banks and insurance companies are financial intermediaries that avoid legal marijuana business.
Published by Elaine Schwartz at October 2, 2014
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Marijuana Money Problems

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

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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
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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.

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September 28, 2014
Everyday economics for government pension plan
Published by Elaine Schwartz at September 28, 2014
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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.

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September 24, 2014
Everyday Economics of the iPhone 6 supply chain
Published by Elaine Schwartz at September 24, 2014
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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.

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September 14, 2014
It would be beneficial for households and national economic growth if the U.S. saving rate were raised.
Published by Elaine Schwartz at September 14, 2014
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The Nudge Toward a Goldilocks Savings Rate

We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.

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September 3, 2014
Arthur Ashe Stadium
Published by Elaine Schwartz at September 3, 2014
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Using Prediction Markets to Catch Match-Fixing at Wimbledon

When supply and demand in tennis match prediction markets created illogical prices, researchers said that 3 matches at Wimbledon might have been fixed.

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August 31, 2014
A NASA satellite image of the world's night lights conveys economic information about developed and developing countries.
Published by Elaine Schwartz at August 31, 2014
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Bedtime Stories… About the Economy.

From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.

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August 29, 2014
Weekly Economic News Roundup and airplane seat
Published by Elaine Schwartz at August 29, 2014
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Solving the Airplane Seat Problem

According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.

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August 28, 2014
Starbucks tall latte index
Published by Elaine Schwartz at August 28, 2014
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The Path of the Shifting Center of Global Economic Power

Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.

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August 27, 2014
Everyday Economics: With opportunity cost, planners can decide how much natural disaster preparation is worth the tradeoff.
Published by Elaine Schwartz at August 27, 2014
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The Costs of Being Prepared for a Natural Disaster

Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.

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August 17, 2014
Everyday Economics — Oil stories
Published by Elaine Schwartz at August 17, 2014
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A Closer Look at the EU 28 Economic Growth Rate

Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries' disparate economies.

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