Honey, I’m Good.. because MC > MB

A main topic in all fields of economics is cost-benefit analysis. Remember that, at its bare bones, economics is simply just the study of decision making and how those decisions affect the world.  In order to make the best decisions, individuals should use marginal analysis. When you hear marginal you should think additional, or extra.… Read More »

Carly Rae Jepsen’s Utility

Carly Rae Jepsen seems to have a high level of utility according to her song I Really Like You. Watch below: Economists try to measure individual’s level of happiness through what is called utility. To quantify this idea of relative satisfaction, economists refer to a unit of utility as a util. Benefits of Measuring Utility If we are… Read More »

Jurassic Park is a Relatively Inelastic Good

While everyone was freaking out about the Game of Thrones finale, my wife and I decided to re-watch Jurassic Park in order to prepare for Jurassic World which I am sure we will see sometime this week (probably during the day… to get the matinee price because I love price discrimination so much…see below if… Read More »

If Only…

 How many times a day do you see your friends and family bragging about their workout of the day (#WOD) or the number of burpees they did last night or what day of P90X (or is the new fad Insanity? what ever happened to 7 minute abs? I digress) they are on? I’m guessing if… Read More »

“Who Drew Your Logo?”

I can’t even count how many times at the CTREE last weekend I was asked, “Who did you get to draw your logo on your website? It’s awesome!” Well here is your answer: DJ O’Hea You can go to his Deviant Art page and see some of this other work. And if you are interested… Read More »

Search for “Purpose” Because if You Don’t, Who Will?

Recently, Jonathan Malesic at King’s College published a short article on New Republic trying to tear down the internet Purpose Meme shown below: Purpose: Passion, Mission, Profession, and Vocation Find your purpose and OWN it! #GrindDaily#MondayMotivationpic.twitter.com/Ouozafcezx — Grind Daily (@GrindDailyTweet) May 18, 2015 This was brought to my attention because on Friday I used this… Read More »

Students: Google is your Friend

You know what’s frustrating? Not knowing an answer to a student e-mail. You know what’s more frustrating? When I find the answer to a student e-mail by simply putting the question into Google. I don’t want this post to discourage students from asking questions to their professors. Absolutely not. I want this post to make students… Read More »

Why I Invited Coach Franklin to Talk to My Economics Class

On Monday, April 27th, Coach James Franklin was a guest speaker in my introduction to macroeconomics class. The story, which I did not think was going to be a big deal, was picked up by Onward State and the Pittsburgh Post-Gazette. What did he speak about? Definitely not macroeconomics. I saw Coach Franklin speak on… Read More »

What I am Reading

On College Tuition The Real Reason College Tuition Costs So Much by Paul F. Campos vs NY Times On Birth Control How Likely is it that Birth Control Could Let You Down? by Gregor Aisch and Bill Marsh via NY Times On Microfoundations Trade, Geography, and Microfoundations (Wonkish) by Paul Krugman via NY Times On… Read More »

What I’m Reading

On Swearing The Last Taboos by R.L.G. via the Economist On Germany Germany’s Trade Surplus is a Problem by Ben Bernanke via Brookings On Inequality It’s Not the Inequality; It’s the Immobility by Tyler Cowen via NY Times On Organic Food Hunger for Organic Foods Stretches Supply Chain by Ilan Brat via WSJ On The Mets Scout… Read More »