Mikeroeconomics: Daily Review -- Real Variables

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

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...

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...

Mikeroeconomics: Long Term Unemployment and Structural Unemployment...

Mikeroeconomics: Long Term Unemployment and Structural Unemployment...: This graphic is from the Pew Charitable Trusts’ Fiscal Analysis Initiative via Chart Porn. The blue line shows that the number se...

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...

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...

Mikeroeconomics: Black unemployment rate: Highest since 1984 - Sep....

Mikeroeconomics: Black unemployment rate: Highest since 1984 - Sep....: Black unemployment rate: Highest since 1984 - Sep. 2, 2011 Also in this CNN Money article is a video about why the older generation has a j...

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...

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...

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org 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? ...