Friday, October 28, 2011

Mikeroeconomics: Daily Review -- Real Variables

Mikeroeconomics: Daily Review -- Real Variables: has the best economics encyclopedia on the web.  This Daily Review was inspired by looking at current statistics. If the CPI ...

Sunday, October 23, 2011

Mikeroeconomics: Efficiency Wages and Structural Unemployment

Mikeroeconomics: Efficiency Wages and Structural Unemployment: When Juan when to work selling advertising for SignPro, a local business, Juan was paid $25 per hour. Juan's wage rate was $7 higher than h...

Tuesday, October 18, 2011

Mikeroeconomics: WHO ARE THE UNEMPLOYED?

Mikeroeconomics: WHO ARE THE UNEMPLOYED?: The unemployment rate is found by dividing the number of unemployed by the labor force. The current unemployment rate is 9.1%. Although th...

Sunday, October 16, 2011

Saturday, October 15, 2011

Mikeroeconomics: Daily Review--Market Structure

Mikeroeconomics: Daily Review--Market Structure: This is a quote from the WSJ . Steve Jobs knew all about competitive markets. He once likened our school system to the old phone monopoly...

Sunday, October 9, 2011

Mikeroeconomics: Daily Review--Elasticity

Mikeroeconomics: Daily Review--Elasticity: In the graph to the right, explain why the Demand curve is inelastic? My answer is that elasticity is defined as the percentage change i...

Saturday, October 8, 2011

Friday, October 7, 2011

Mikeroeconomics: Daily Review--Related Goods

Mikeroeconomics: Daily Review--Related Goods: In the recent recession, many workers are finding that their hours are being cut. Thus, for these workers, their income is declining. Supp...

Wednesday, October 5, 2011

Mikeroeconomics: Daily Review--Market Failure

Mikeroeconomics: Daily Review--Market Failure: Suppose that you have two friends Juan and Juanita. Juan has an idea which will yield a return on his investment of 10%. Juan also likes t...


About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Mikeroeconomics: Daily Review--Elasticity

Mikeroeconomics: Daily Review--Elasticity: Juan likes to drink soda pop. When the price of Pepsi increased 10%, his demand for Coke went up 20%. For Juan, are Pepsi and Coke subs? ...