Macroeconomics

February 16, 2014
Downton Abbey Economics
Published by Elaine Schwartz at February 16, 2014
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What Can We Learn From Downton Abbey Economics?

Downton Abbey can tell us a lot about the British economy…but not everything. We know the aristocracy is struggling. Many of the 700 families who had […]

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February 13, 2014
grade inflatioin bubble
Published by Elaine Schwartz at February 13, 2014
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Problems With Grade Deflation

The number of hours we study is down and our grades are up. Between 1961 and 2003, full time college students diminished their study time from […]

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February 12, 2014
drought marginal cost
Published by Elaine Schwartz at February 12, 2014
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The Cost of Conservation

By Madeleine Vance, guest blogger and student at Kent Place School. Saving water is supposed to allow us to cut down costs. For the drought-stricken city […]

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February 9, 2014
weekly roundup and Ireland's GDP growth rate statistics
Published by Elaine Schwartz at February 9, 2014
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Problems With the Unemployment Rate

Almost everyone is saying the unemployment rate is a problem. At 6.6% and with job creation at 113,000, the numbers reflect a troubled jobs market. The […]

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February 6, 2014
Weekly Economic News Roundup and federal spending
Published by Elaine Schwartz at February 6, 2014
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A Surprising Connection Between Tennessee and the Affordable Care Act

There is probably a tradeoff between health insurance and the demand for jobs. During 2005 in Tennessee, the demand for jobs increased when 170,000 people lost their Medicaid […]

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February 5, 2014
Noise Pollution and Negative Externalities
Published by Elaine Schwartz at February 5, 2014
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1930s Noise Pollution

In 1932, the NYC Noise Abatement Commission received a letter from Mr. N. Schmuck of 137 Milton Street in Brooklyn about the noise from a nearby […]

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February 4, 2014
Brazil's Transportation Infrastructure World Cup to-do
Published by Elaine Schwartz at February 4, 2014
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Brazil’s World Cup To-Do List

Preparing its transportation infrastructure for the 2014 World Cup and the 2016 Olympics, Brazil has one giant to-do list. In the air and on the ground, it […]

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February 2, 2014
Beauty and Human Capital Nefertiti
Published by Elaine Schwartz at February 2, 2014
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The Reason That Certain Quarterbacks Earn More

A 3.2 difference in a facial symmetry score can mean an extra $378,000 in  pay for a quarterback. According to research from economist David Berri on […]

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January 31, 2014
Multigenerational boomerang households
Published by Elaine Schwartz at January 31, 2014
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Why Do Young Adults Live With Their Parents?

In Slovakia, Bulgaria, Greece, Malta and Italy, young people, age 25-34, live with their parents. But not in Denmark, Finland Sweden, and Norway. Below you can see the country […]

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January 30, 2014
Weekly Economic News Roundup and federal spending
Published by Elaine Schwartz at January 30, 2014
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Have We Halved the Deficit?

In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the […]

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January 23, 2014
everyday economics and tax impact
Published by Elaine Schwartz at January 23, 2014
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One Reason That $1.1 Trillion is Not So Much

The Congress just agreed on $1.1 trillion in federal spending. But let’s look a bit more closely… Each year, I give my class a federal budget […]

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January 22, 2014
decreasing child mortality rates in developing countries
Published by Elaine Schwartz at January 22, 2014
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One Way That the “Poor Beat the Rich”

In just 8 minutes, Hans Rosling shows us that, with child mortality rates, the developing world is making more progress than we might expect. With his […]

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