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Living Economics

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Quantitative Easing - How It Works. The Bank of England is injecting money directly into the economy to meet the inflation target. Uber as a Two-sided Market. By reducing information cost, the internet has ushered in many novel two-sided markets. Too Little vs Too Much Panda-ing. You could have too little or too much of a good thing. Hedging Inflation with Prostitution. Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela. 8226; Micro...

livingeconomics.org

Living Economics: Glossary

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In a two-goods (grapes and nuts) two-persons (Tom and Mary) economy, Tom would have absolute advantage in producing nuts if he could produce more nuts in a day than Mary. In graphical terms, Tom's PPC (PPF) would have a higher intercept on the nuts axis in the grapes-nuts space. See also "comparative advantage.". Generating combined production possibility curve. The tendency of people with higher risk wanting to be insured and people with lower risk wanting to opt out. The Market Role of Information.

livingeconomics.org

Living Economics: Quantitative Easing - How It Works

http://www.livingeconomics.org/youtube.asp?docId=464

Quantitative Easing - How It Works. Bank of England, UK. 8226; Advanced Search. 8226; Browse Micro. Costs and opportunities (53). Free Market Solutions (17). Tastes and Preferences (27). Type of goods (31). What Price Means (27). 8226; Browse Macro. Boom and Bust (9). Income and output (25). Money and Credit (20). Trade and Foreign Exchange (30). 8226; Microeconomics Lectures. 8226; Macroeconomics Lectures. 8226; Instructor Log in. 8226; Sample TOC. 8226; Video Tour. 8226; Student Log in.

livingeconomics.org

Living Economics: Lectures

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Too Little vs Too Much Panda-ing. You could have too little or too much of a good thing. Bad Decision - TED lecture. Bad decisions are made because people are bad at figuring out the odds and values of possible events. Historical Cost vs Opportunity Cost - cartoon. Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero. Wealth Inequality in America. Profit Maximization Under Natural Monopoly - youtube. Pollution tax could ...

livingeconomics.org

Living Economics: Too Little vs Too Much Panda-ing

http://www.livingeconomics.org/youtube.asp?docId=462

Too Little vs Too Much Panda-ing. 8226; Advanced Search. 8226; Browse Micro. Costs and opportunities (53). Free Market Solutions (17). Tastes and Preferences (27). Type of goods (31). What Price Means (27). 8226; Browse Macro. Boom and Bust (9). Income and output (25). Money and Credit (20). Trade and Foreign Exchange (30). 8226; Microeconomics Lectures. 8226; Macroeconomics Lectures. 8226; Instructor Log in. 8226; Sample TOC. 8226; Video Tour. 8226; Student Log in.

livingeconomics.org

Living Economics

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You can create a trial table of contents without registration. But the TOC will not be saved. Try Living Economics Demo. Register to use Living Economics.

livingeconomics.org

Living Economics: Hedging Inflation with Prostitution

http://www.livingeconomics.org/article.asp?docId=461

Hedging Inflation with Prostitution. Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela. In Puerto Cabello, Venezuela, prostitutes catering to foreign customers paying with US dollars are among the few types of workers who have seen their income in bolivars keeping pace with the domestic inflation rate of over 60% per year (BW). This high inflation rate has been fueled by excessive budget deficit. The only way to forestall further d...

livingeconomics.org

Living Economics: Lectures

http://www.livingeconomics.org/lecture.asp?subj=ma

Exponential Growth - Youtube. Exponential growth is unsustainable. Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims. Wealth Inequality in America. Quantitative Easing - How It Works. The Bank of England is injecting money directly into the economy to meet the inflation target. Complements and Substitutes - youtube. The prices of Big M...

livingeconomics.org

Living Economics: Uber as a Two-sided Market

http://www.livingeconomics.org/article.asp?docId=463

Uber as a Two-sided Market. By reducing information cost, the internet has ushered in many novel two-sided markets. Because of this distinct pricing structure, the market platform of two-sided markets may appear to be a public good to one side of the market but a private good to the other side. For example, search engines are public goods. To searchers because there is little consumption rivalry and excludability in the accessing the information database, but the advertising spaces are private goods.

livingeconomics.org

Living Economics

http://www.livingeconomics.org/about.asp

Living Economics provides real-world stories, cutting-edge Flash animations, test banks, and online lectures for economic teachers to customize their own principles textbooks. It is intended to serve primarily those teachers who have been searching for a principles textbook that teaches economic concepts from real-world stories instead of widgets. Living Economics is inspired by the time-honored practice of learning languages through immersion rather than remembering grammatical rules. 8226; Browse Micro.