Introduction to Behavioral Economics: Acting Irrationally
Have You Ever? Picture yourself at the mall. When you go shopping for clothes or electronics, how do you make the choices that you make?
Economics
World Bank: The Purse Strings of Global Development
Introduction Currently, about 10 percent of the global population lives in extreme poverty. This is approximately 700 million people living on less than $1.90 per
The Federal Reserve and Interest Rates
Have You Ever? You’ve heard it before on the news: “The Federal Reserve lowers interest rates to 0.50 percent” or “The Federal Reserve raises interest
The Role of the Federal Reserve: What is the Fed?
Have You Ever? Have you ever thought to yourself, “Where does money come from?”, “Who produces it?”, and most importantly, “Who the heck controls it?”
Supply and Demand: I Want It, I Got It
Have You Ever? Have you ever wondered about how companies decide on prices for their products? Well, if you’ve ever gone into a dollar store
Tragedy of the Commons: All I Want is Everything
Background Picture this: It’s the 1950s. There are very few regulations in place regarding the hunting of wild animals – it’s a free-for-all. You are
Offsetting Behavior: A Risky Business
Have You Ever? You’re the goalie on your local soccer team. Whenever you’re on the field, your coach insists that you wear knee pads. “They’ll
