Department of Economics, Macquarie University, Sydney, Australia;wileyEconomic RecordThrosby, D. (2012). Why should economists be interested in cultural policy? The Economic Record, 88 (Special issue), 106–109. View ArticleWhy should economists be interested in cultural policy?" Economic Record, ...
The marginal definition in economics is the benefit experienced when adding one extra unit and it's called the marginal benefit. The marginal cost is the cost associated with adding one extra unit. Marginal analysis is the process of comparing the marginal benefit to the marginal cost in order ...
Many study economics because they hope to make money. Some people worry that they will be considered illustrate if they cannot understand the laws of supply and demand. Others are interested in learning about how computers and the information revolution are shaping our society or why inequality in...
Narrator: Listen to a conversation between a student and her economics professor. Professor: Excellent presentation you made at the end of class yesterday. Student: Oh, thanks. Professor: I'm so glad you volunteered to present first. Starting out by outlining what you were going to say, then...
But convincing open- minded dairy people is actually not that hard, when you look at the economics. Grass fed milk can fetch up to 2.5 times the price of conventional milk. Another factor is the squeeze that conventional dairy farmers have felt as the price of grain they feed their cows ...
In microeconomics, why do firms produce more output, in response to higher prices? Why do some economists advocate taxing consumption rather than income? Why do economics pundits refer to a zero tariffs level that makes it cheaper to produce overseas and ...
Why do you think economics is part of some class' curriculum? How can economics help you in everyday life?Economics Defined:Economics has several useful definitions. One of the most useful is, "Economics is critical thinking applied to the problem of scarc...
systems, and reify the seeming randomness that governs their operations. I also find Economics an ...
As Trilby and I talked, I mentioned that I am now working on a book about the psychology of money. A few days earlier, I had lunched in Chicago with Richard Thaler, the godfather of Behavioral Economics, which marries...
Annual GDP totals are frequently used to compare national economies by size. Policymakers, financial market participants, and business executives are more interested in changes in the GDP over time, which are reported as an annualized rate of growth or contraction. This makes it easier to compare ...