Chicken Little is an Increasingly Rare Bird

Chicken Little is an Increasingly Rare Bird

By Michael Coon  / 13 April 2023
Photo by Artem Beliaikin on Unsplash Production of boiler chickens (those raised for their meat, not eggs) in the US...
EVs: Driving Change at Convenience Stores

EVs: Driving Change at Convenience Stores

By Veronica Horton  / 11 April 2023
Photo by John Cameron on Unsplash The United Nation’s (UN) recent report on the impending changes the world is facing...
Who’s In The Driver’s Seat: The Changing Dynamics of Auto Production

Who’s In The Driver’s Seat: The Changing Dynamics of Auto Production

By Veronica Horton  / 4 April 2023
Photo by Possessed Photography on Unsplash If you were shopping for a new car during the pandemic or even just...
China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?

China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?

By Sunita Kumari  / 23 March 2023
On Tuesday, January 17th, 2023, China’s National Bureau of Statistics released the country’s population data to be 1.41175 billion in...
The Externalities Effect of Child Firearm Fatalities in the States

The Externalities Effect of Child Firearm Fatalities in the States

By Sunita Kumari  / 21 March 2023
A study published on July 8th, 2022 by the Kaiser Family Foundation (KFF) analyzed how gun fatalities among children and...
Why is Everything Getting So Expensive?

Why is Everything Getting So Expensive?

By econwpadmin  / 16 March 2023
Prices on everyday products like groceries and diapers have increased dramatically in the last couple of years, with inflation often...
Understanding the U.S. Labor Market – A January 2023 Snapshot

Understanding the U.S. Labor Market – A January 2023 Snapshot

By Sunita Kumari  / 9 March 2023
Photo by Luis Melendez on Unsplash According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest...
The New Economics of Car Production

The New Economics of Car Production

By Veronica Horton  / 7 March 2023
Photo by Dan Dennis on Unsplash Engineers working at some of American car maker Ford’s facilities in Europe might be...
Looming Water Crisis – What can YOU do to Conserve Water?

Looming Water Crisis – What can YOU do to Conserve Water?

By Sunita Kumari  / 23 February 2023
www.britannica.com Looking at the droplet in the infographic, only 2.6% of the world’s water supply is fresh water, while the...
U.K. Economy Three Years after Brexit

U.K. Economy Three Years after Brexit

By Sunita Kumari  / 7 February 2023
Photo by Jamie Street on Unsplash Brexit is the term used to mark the event when the United Kingdom (U.K.)...

Supply

Taylor Swift Fans See Red  

The intersection of supply and demand is perhaps one of the most basic elements of economic theory, and for disappointed Swifties, now likely a concept that they’ll remember all too well. When legions of fans armed with presale codes for…

Addressing the Micro-Chip Shortage Nationwide

The COVID-19 pandemic from mid-March 2020 caused massive lockdown of chip producing companies for months. And now, two and a half years later, as the pandemic is subsiding and consumption is picking up, the shortage of the chips for semiconductors…

Baby Formula Crisis!

Events leading up to the current baby formula crisis is summarized in the CNBC video released on June 15th 2022: In February 2022, the baby formula company, Abbott Nutrition, recalled and shut down its Michigan manufacturing plant – that produced…
Empty store shelves for household items

Out of toilet paper? …Again!

The wholesaler company, Costco, started limiting the number of bundled toilet paper-rolls each membership cardholder could buy per visit recently, in late September 2021. The last time it did this was at the beginning of the pandemic back in March…

Impact of COVID-19 in the Car Industry

Kelly Blue Book reported that Americans purchased a new car in July 2021 for an average of $42,736 versus $39,513 in July 2020. One of the key reasons for the increase in the price of new cars is the global…

Modern History of Oil

Natural resources are classified as renewable resources and non-renewable resources. Petroleum or crude oil is a fossil fuel first discovered in the United States of America before discoveries occurred in the African, Asian and South American continents. The Organization of the…
EconCafe 2020/21 Coffee Cup with embedded graph logo

Podcast – Price Discrimination

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,…

LAist: “Kobe Bryant Sneakers Are Worth Big Bucks: But Not Everybody’s Cashing In”

The tragic and unexpected death of Kobe Bryant has caused a large spike in demand for his autographed and game-worn memorabilia. Some collectors are choosing to hold on to their merchandise, while others are cashing out now and even trying to buy more so they can sell it at a higher price in the near future. This article explores the personal and economic incentives for holding on to rare memorabilia in a case like this.