Once Halloween passes, big displays in stores remind us that it is time to start thinking about our Christmas shopping lists. Every year, many of us
Welcome
Economics
As a foundational social science that guides business decisions, economics studies how individuals and firms allocate scarce resources, how consumers and firms interact in the market place and the resulting economy as a whole.
Supply and Demand Curve Explained
If you have ever taken an economics course, you have likely encountered supply and demand. While these curves are easily drawn with the stroke of a pen,
Monopolies: Three Things Economists Want You to Know
Monopolies have played a major role in American economic history. From Standard Oil in the early 1900s to Microsoft in the early 2000s, there has been a
What can game theory tell us about presidential elections?
Every four years, Americans get to witness a special kind of political spectacle: presidential elections. The US elections have two interesting features
