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What is Economics…And Why Should I Care? Part 1

Instead of giving you a definition of economics, I’m going to give you an example that works on a microeconomic level but also helps explain macroeconomics by way of analogy. This week, we will look at your home and household budget as its own economic ecosystem.

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Introducing Everyday Economics

Whenever people start talking about economics, something in the air changes. For most of us, the air becomes filled with a little buzzing noise that interrupts our train of thought and makes it impossible to actually understand what those trained economic savants are saying. Eventually, the buzz transforms into a completely formed thought–usually something along the lines of, “What should I make for dinner tonight?” Or, “I’ve got to pick up the dog from the vet.”

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What is Staggered Contracting, Recession Style

The concept of staggered contracting revolves around one primary topic: price. At a glance, staggered contracting seems like something only found in a parallel, Utopian dimension: prices don’t wildly fluctuate. In fact, under the definition of staggered contracting, prices don’t move at all in either direction.

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What is the Technical Analysis of Stocks

In any economy, one thing is certain: the beginner investor is alive and well. In boom economies, this investor is filled with rampant enthusiasm and a desire to strike while the market is “hot” in order to get the maximum value possible. In recessionary economies, the beginner investor is still filled with rampant enthusiasm, albeit from a much different perspective. They are looking to come into the market while it’s down and make out like thieves in the night when it rises again. Perfect prediction is outside the capability of any human-created system, but the system of technical analysis allows us to come pretty close.

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Where is the Gold Price going?

John Maynard Keynes called gold “the barbarous relic”. Now, long after Keynes’ school of economics became unfashionable, gold is once again in fashion, hitting an all time dollar record even when other metals and commodities have dived in price as a result of poor industrial demand. So what is driving the gold price?

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What is Quantitative Easing and does it cause inflation?

Quantitative Easing is essentially the creation of money. As we live in a digital age, the money is not even printed any more but simply created on computers. How come we aren’t seeing prices rise?

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Some very interesting Economic information graphics

Visualizing Economics:

  • How can you measure a nation’s wealth?
  • How much do you earn?
  • How rich is the United States?

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What’s with all the economic rent after all?

Gross Rent: Gross Rent refers to the rent paid for the services of land and the capital invested on it. It consists of economic rent, interest on capital invested for improvement of land and reward for risk taken by the landlord in investing his capital.

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EconGuru Economics Guide

Educating the public since 2006.