• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
WTAMU: ProfSpeak Logo

ProfSpeak | Business Ideas and Resources

Reflections on Contemporary Business Issues in the Digital Age

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

March 15, 2023 by David Clark

Borrowing From Your Future

Read More

March 6, 2023 by Anne Barthel

Pricey stones – that are not diamonds.

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.

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
View of the airplane wing. It is no secret that airlines sell tickets for the same flight at different prices. This is a pricing strategy called price discrimination.

airlines, price discrimination, pricing

Same Product, Different Price?

When booking a flight for the first time recently in what felt like years, I couldn't help but notice how quickly ticket prices were changing. This led

August 5, 2021

Demand for electric automobiles is growing

auto industry, consumer, electric vehicles, EVs, gasoline

A New Line of Business: From Gas to Electric

This past spring, I was in the market to buy new lawn equipment. I did what most consumers do, and I researched online and found several stores were

July 29, 2021

economics, happiness, Money, utility, wealth

Money and the Pursuit of Happiness

Economists love to talk about money. Everywhere you look, you see economists in news columns or on television chiming in. They offer projections about

July 12, 2021

The Successes and Failures of Homo Economicus

After a long day of work, you decide to stop off at your favorite pub for a peaceful respite, only to find a tremendous pool tournament just getting

May 31, 2021

calculator and papers. apply lessons from economics for your daily life

economics for life, economics tips, microeconomics, practical economics

Four Lessons from Economics for Your Daily Life

When I tell people that I teach economics, I frequently get reactions like "Ugh, economics... hated it" or "So, which stocks should I buy?". While I

May 13, 2021

herd-sheep-probability

covid-19, economics, probability, sheep, theory

Joining the Herd: Sheeple, or Rational Actors?

If recent years have taught us anything, it’s that the increase in the availability of information made possible by our almost unfettered

April 19, 2021

A thought bubble thinking about statistical significance

hypothesis testing, significance, statistics

Significant, or not significant, that is the question.

"CDC observes link between Covid-19 spikes and increased dining out - The findings don’t prove cause and effect, but the statistically significant

March 25, 2021

Big banks who are shifting to digital banking options

big banks, covid-19, digital banking, digital services

Big Banks Adjusting to Pandemic and Shifting to Digital Services

The COVID-19 pandemic has forever changed the banking industry. According to the Federal Depository Insurance Corporation, the three largest banks in

March 8, 2021

economics, game theory, microeconomics

How to Take Over the World using Game Theory

Long before Rome was that vast and magnificent empire which occupies a prominent place in the modern public imagination, it was once only one of many

March 1, 2021

covid vaccination noisy neighbors

economics, externalities, herd immunity, microeconomics, vaccinations

Covid Vaccinations and Your Noisy Neighbor

If you have ever lived in an apartment building, you have probably encountered them: the noisy neighbors. Whether it is running the vacuum or playing

February 4, 2021

  • « Go to Previous Page
  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to Next Page »

Primary Sidebar

Categories

  • Accounting
  • Business Communication
  • Business Law
  • Computer Information Systems
  • Economics
  • Finance
  • Management
  • Marketing

Latest Posts

  • About Face
  • Borrowing From Your Future
  • Pricey stones – that are not diamonds.
  • Remember, Remember the Halloween Massacre

Columnists

View All Columnists
Apply to the West Texas College of Business

Subscribe to our Newsletter

Footer

WTAMU: ProfSpeak Logo
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Categories

  • Accounting
  • Business Communication
  • Business Law
  • Computer Information Systems
  • Economics
  • Finance
  • Management
  • Marketing

Latest Posts

  • About Face
  • Borrowing From Your Future
  • Pricey stones – that are not diamonds.
  • Remember, Remember the Halloween Massacre

Popular Posts

Businesses Making Or Breaking It In A Pandemic

21st Century Lingua Franca: Coding Principles

Digital Advertising and the 2020 Presidential Election

What can game theory tell us about presidential elections?

Copyright © 2023 · WTAMU: ProfSpeak - Website by LuckyTamm Digital Marketing