June 17, 2008

How Floods Will Hurt the Economy

Posted in Aggregate Supply, Articles, CPI, Globalization, Inflation, International Trade at 3:10 pm by davidprudente

For all you veterans of AP Economics, this weeks floods in the mid-west made you think back to those easy days in high school when all you had to worry about was how natural disasters would affect aggregate supply.  Now you may be concerned with how they’ll affect the amount of money in your pocket. Check out the latest on the floods in the mid-west from CNN.

April 3, 2008

Zimbabwe Update

Posted in Articles at 4:05 pm by davidprudente

Latest news about a crackdown in Zimbabwe from the New York Times.


March 31, 2008

Play Ball!

Posted in Articles at 8:45 pm by davidprudente

Well, another baseball season is upon us. While the Orioles didn’t do so well today, perhaps you Baltimore fans will be consoled by the World Champion Boston Red Sox U.S. opening day Tuesday evening in Oakland. Look at it this way; at least the Yankees didn’t win!

Many people no longer see baseball as a significant sport, having been supplanted by football as our nation’s first choice. However, this article provides an example as to why baseball is an important sport and remains our national past-time.

March 25, 2008

Consumer Confidenvce at 5 Year Low

Posted in Articles, Consumer Confidence, Economic Indicators at 11:47 am by davidprudente

Here’s an article from CNN that reports Consumer Confidence is at a five year low. If you recall, we discussed consumer confidence earlier in the year when we studied Economic Indicators. How is it that consumer confidence drives economic behavior?

March 17, 2008

330 MPG – Now That’s More Like It!

Posted in Articles at 8:23 pm by davidprudente

Check out this new hybrid car that touts a 330 mpg standard. As the site suggests, “that’s 195 mpg more than President Bush’s recent energy bill.”

 I think they still have a little way to go with regards to comfort and luxury…but I always wanted one of those Jetson flying cars:

March 9, 2008

End to the Good Times (Such as They Were)

Posted in Aggregate Demand, Aggregate Supply, Articles at 4:21 pm by davidprudente

Here’s an interesting graphic from the New York Times showing a downturn in some key economic indicators. Not a pretty picture. What do you think has happened to the AD/AS curve over the past 6 months?

Signs of Trouble

How government makes things worse

Posted in Articles at 9:43 am by davidprudente

Here’s a good article from today’s Boston Globe regarding the current state of the economy and how government solutions to problems often have unintended consequences.

January 30, 2008

Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days

Posted in Articles, Fiscal Policy, Monetary Policy at 4:02 pm by davidprudente

The Federal Reserve acted again today to stem recessionary pressure on the U.S. economy. As we’ve been discussing in class, The Fed can use monetary policy quickly to affect change in the economy. However, what about Fiscal Policy? Today, President Bush urged The Senate to approve the fiscal stimulus package that congress has approved. How long will it take for fiscal policy to affect change in the economy?

January 23, 2008

All Economics is Local

Posted in Articles at 7:21 pm by davidprudente

Here’s an interesting article about the local economy in Martha’s Vineyard from today’s New York Times. For those of you who read Animal, Vegetable, Miracle it should look familiar. Thanks to Bridgett Carr for the tip.

January 18, 2008

Ben Bernanke

Posted in Articles, Federal Reserve, Monetary Policy at 6:54 am by davidprudente

Here is an interesting profile of Ben Bernanke, The U.S. Federal Reserve Chairman. This article will appear in Sunday’s New York Times Magazine. It’s a bit long, but contains some interesting background about our Fed Chairman and monetary policy in general.

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