In this episode of the Econ Café 2020/21 podcast, Michael Mandel and Sean Flynn explain Fed Chairman Jerome Powell’s speech on New Economic Challenges and the Fed’s Monetary Policy Review. They discuss the Fed’s new approach to inflation and monetary policy, and how it matters to…
Abstract: This video explores the creation of the world’s largest free trade area. The new trading bloc, the Regional Comprehensive Economic Partnership (RCEP), covers about one third of the world’s trade and one third of the world’s population. The RCEP bloc, notable for its exclusion…
Abstract: This video explores China’s position as the factory floor for the world in theage of a global pandemic. China is responsible for the production of much of the world’ssupply of protective equipment used by heath care workers. As such, it is in the uniqueposition…
Abstract: This video explores human rights violations associated with U.S. imports ofbeef from Nicaragua. While Nicaragua has seen the United States as an important exportmarket for some time, U.S. demand for Nicaraguan beef soared early in the COVID-19pandemic as the virus forced the closure of…
What do the ups and downs of the market mean for the economy and the ordinary person? In this episode of Econ Cafe 2020/21 podcast, Michael Mandel interviews Sean Flynn, author of McConnell/Brue/Flynn Economics, regarding the link between the Covid Recession and the stock market.…
In this episode of the Econ Cafe 2020/21 podcast, Michael Mandel interviews Michael Baye and Jeff Prince, authors of Managerial Economics and Business Strategy, about price discrimination in the Covid economy. Moving from definitions and a few examples of first, second, and third degree price…
On July 12, 2020 a fire broke out aboard the USS Bonhomme Richard while docked in San Diego. The fire burned for five days and caused immense damage to the vessel. At the time of the fire, the 22 year old ship was undergoing a…
The United Nations has reportedly run out of food for nearly 100,000 Eritrea refugees. Eritrea is a northeast African country on the Red Seas coast. Eritrea shares a border with Ethiopia in the south, Sudan in the west, and Djibouti in the southeast. The refugees…