Tag Archives: economics

Money Mondays: Unemployment

Posted on November 17, 2014 by Amanda Howell

One often-discussed economic topic is that of unemployment. If you ever listen to the news, you’ve probably heard someone mention the unemployment rate. “This is the number of unemployed persons divided by the number of people in the labor force” … Continue reading →

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Money Mondays: Monetary Policy

Posted on November 10, 2014 by Amanda Howell

A few weeks ago we talked about the roles of the Federal Reserve, one of which is to develop monetary policy. This is managed by the Federal Open Market Committee, also known as the FOMC. The FOMC “[determines] the size … Continue reading →

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Money Mondays: Inflation

Posted on November 3, 2014 by Amanda Howell

Last week we discussed the Federal Reserve System, which is responsible for managing the economic health of our country. There are a number of factors the Fed must consider when creating effective monetary policy. One such factor is inflation, which … Continue reading →

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Money Mondays: The Federal Reserve

Posted on October 27, 2014 by Amanda Howell

The Federal Reserve, also called the Fed, is the central banking system in the United States. The Fed is responsible for printing national currency, issuing savings bonds and Treasury bills, regulating domestic and foreign member banks, and engaging in monetary … Continue reading →

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Money Mondays: Competition

Posted on October 20, 2014 by Amanda Howell

A few weeks ago we talked about supply and demand, and how there is an ideal equilibrium between the two. This equilibrium exists because of competition in the marketplace. According to Investopedia, “Under perfect competition, there are many buyers and … Continue reading →

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Money Mondays: Cost-Benefit Analysis

Posted on October 13, 2014 by Amanda Howell

Last week we talked about opportunity cost, or the cost of choosing to do or buy one thing rather than another. Think back on some of the big decisions you’ve made, such as choosing a college. When you made that … Continue reading →

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Money Mondays: Opportunity Cost

Posted on October 6, 2014 by Amanda Howell

Two weeks ago we talked about supply and demand. Whenever you buy something (playing a role in demand), you give up the opportunity to buy something else. Alternatively, whenever you decide to do something with your time (such as watch … Continue reading →

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Money Mondays: Market Equilibrium

Posted on September 29, 2014 by Amanda Howell

Last week we talked about supply and demand. This week we’ll focus on the relationship between those two concepts. The Law of Supply and Demand, illustrated by the graph below, states that there is an equilibrium between supply and demand. … Continue reading →

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Money Mondays: Supply & Demand

Posted on September 22, 2014 by Amanda Howell

Supply and demand are two foundational concepts in economics. According to Investopedia, supply “describes the total amount of a specific good or service that is available to consumers…. [All] else being equal, the supply provided by producers will rise if … Continue reading →

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Money Mondays: The Economy

Posted on September 15, 2014 by Amanda Howell

If you ever listen to the news, even accidentally, odds are you’ve heard someone talking about the economy. You’ll hear words like inflation and GDP and monetary policy, but if you’re not studying business or economics it might all sound … Continue reading →

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