Playing the blame game on gas prices
Wednesday, February 29, 2012
Tuesday, February 28, 2012
Pawn Stars & Economics
Price Points: Part history lesson, part economics, Pawn Stars teaches good value
Monday, February 27, 2012
Good Unemployment Article about Michigan
Michigan's incredible shrinking workforce
I will be using this article to discuss how unemployment is calculated.
Sunday, February 26, 2012
Unemployment with Abbott & Costello
COSTELLO: I want to talk about the unemployment rate.
ABBOTT: Good Subject. Terrible times. It's 9%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's about 20%.
COSTELLO: You just said 9%.
ABBOTT: 9% Unemployed.
COSTELLO: Right, 9% out of work.
ABBOTT: No, that's about 20%.
COSTELLO: Okay, so it's 20% unemployed.
ABBOTT: No, that's 9%...
COSTELLO: WAIT A MINUTE. Is it 9% or 20%?
ABBOTT: 9% are unemployed. 20% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.
COSTELLO: But they ARE out of work!!!
ABBOTT: No, you miss my point.
COSTELLO: What point?
ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work.
ABBOTT: No, the unemployed are actively looking for work... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don't look for work?
ABBOTT: Absolutely it goes down. That's how you get to 9%. Otherwise, it would be 20%. You don't want to read about 20% unemployment do ya?
COSTELLO: That would be frightening.
ABBOTT: Absolutely.
COSTELLO: Wait, I got a question for you. That means they're two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.
ABBOTT: Now you're thinking like a politician.
COSTELLO: I don't even know what I just said!
ABBOTT: Good Subject. Terrible times. It's 9%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's about 20%.
COSTELLO: You just said 9%.
ABBOTT: 9% Unemployed.
COSTELLO: Right, 9% out of work.
ABBOTT: No, that's about 20%.
COSTELLO: Okay, so it's 20% unemployed.
ABBOTT: No, that's 9%...
COSTELLO: WAIT A MINUTE. Is it 9% or 20%?
ABBOTT: 9% are unemployed. 20% are out of work.
COSTELLO: IF you are out of work you are unemployed.
ABBOTT: No, you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.
COSTELLO: But they ARE out of work!!!
ABBOTT: No, you miss my point.
COSTELLO: What point?
ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work.
ABBOTT: No, the unemployed are actively looking for work... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don't look for work?
ABBOTT: Absolutely it goes down. That's how you get to 9%. Otherwise, it would be 20%. You don't want to read about 20% unemployment do ya?
COSTELLO: That would be frightening.
ABBOTT: Absolutely.
COSTELLO: Wait, I got a question for you. That means they're two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.
ABBOTT: Now you're thinking like a politician.
COSTELLO: I don't even know what I just said!
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Saturday, February 25, 2012
Friday, February 24, 2012
Thursday, February 23, 2012
Article for Macro Discussion
How Congress is killing the recovery
Principle from Mankiw: Government can sometimes improve market outcomes. This would be a good place to start with this article. (click here to view)
Wednesday, February 22, 2012
Tuesday, February 21, 2012
New Solman Video on Kids Returning to the Nest
'Accordion' Families Expand for Boomerang Kids, 'Parasite Singles' to Move Home
Monday, February 20, 2012
Nightline: Apple Factory
Exclusive: Nightline Goes Inside Apple Factories
Bill Weir goes to China to see how iPads and iPhones get made.
2/19/2012
Sunday, February 19, 2012
Saturday, February 18, 2012
Friday, February 17, 2012
Thursday, February 16, 2012
Wednesday, February 15, 2012
Good Weather and Economics Article
Mild winter may help boost the economy
(click here for the article)
Up here in Fargo-Moorhead we are loving the mild winter. We may not be able to golf right now but in many other places they are. LOVE IT! (you could also discuss who is hurt by a mild winter too)
Up here in Fargo-Moorhead we are loving the mild winter. We may not be able to golf right now but in many other places they are. LOVE IT! (you could also discuss who is hurt by a mild winter too)
Tuesday, February 14, 2012
Monday, February 13, 2012
Sunday, February 12, 2012
Friday, February 10, 2012
Thursday, February 9, 2012
Wednesday, February 8, 2012
Interesting GDP Article
Report: US casinos generated $125B spending in 2010; economic impact equals 1 percent GDP
Tuesday, February 7, 2012
Follow up on the Peanut Butter
Here is a news story that appeared last fall from NPR: (there is a radio clip and article)
Pricier PB&J's In The Forecast, Thanks To Peanut Shortage
(click here to view and listen to the story)
Pricier PB&J's In The Forecast, Thanks To Peanut Shortage
Monday, February 6, 2012
Romney: "I'm not concerned about the very poor"
This is an excellent article for creating some class discussion with economics and politics. Enjoy!
(click here to view article and video clip)
Sunday, February 5, 2012
Saturday, February 4, 2012
Peanut Shortage: Supply and Demand
Here is the sign I saw at the grocery store this afternoon:
This presents a perfect opportunity to have the students graph the changes in the market!
This presents a perfect opportunity to have the students graph the changes in the market!
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