Mikeroeconomics: Daily Review -- Supply and Demand

Mikeroeconomics: Daily Review -- Supply and Demand: For teachers who want a worksheet on the variables that can move supply and demand, I have a Google document here . The document is 10 page...

Mikeroeconomics: Toy Tax

Mikeroeconomics: Toy Tax: This Slate article explains why toys "face" a lower tax than dolls. So Transformer are action figures that are taxed lower than a Barbie....

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Unemployment Rate

Mikeroeconomics: Daily Review -- Unemployment Rate: Calculate the unemployment rate for June, July, Aug, Sept, Oct, and Nov. Interpret the data. My answers are in order my month:...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Per Unit Tax

Mikeroeconomics: Daily Review -- Per Unit Tax: In order to boost consumer spending, the government removes the per-unit tax on Pep UP! Print off this page and use a marker to show what h...

Mikeroeconomics: Kindle Fire

Mikeroeconomics: Kindle Fire: Look for my app on teaching supply and demand on the Android Mall soon. The app is free to readers of this blog. This app will elimina...

Mikeroeconomics: Daily Review -- Normal Goods

Mikeroeconomics: Daily Review -- Normal Goods: Print out the graph, Market for Pep UP! then use a pencil to sketch what happens to the market equilibrium when consumer incomes fall. Ass...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Supply and Demand

Mikeroeconomics: Daily Review -- Supply and Demand: On the graph, Market for Pep UP! show what happens to the market equilibrium when the price of sugar donuts increases. Assume that sugar do...

Mikeroeconomics: Daily Review -- Supply and Demand

Mikeroeconomics: Daily Review -- Supply and Demand: On the graph, Market for Pep UP! show what happens to the market equilibrium for Pep UP! when the price of Yea! Cola increases. Assume th...

Mikeroeconomics: Kindle Fire APP

Mikeroeconomics: Kindle Fire APP: My new app will be on supply and demand and available on Amazon.com next week.  This app costs a $1 and will teach you about supply and de...

Mikeroeconomics: Derivied Demand and Ethanol

Mikeroeconomics: Derivied Demand and Ethanol: Derived demand is a term used in the factor market used to explain that the demand for a resource such as labor is "derived" from the produc...

Mikeroeconomics: Ethanol Subsidy

Mikeroeconomics: Ethanol Subsidy: How do Ethanol subsidies work? I wrote to Dr. Walter Nicholson , author of my favorite intermediate textbooks on Microeconomics. This po...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Income Elasticity

Mikeroeconomics: Daily Review -- Income Elasticity: Can a good be both income inelastic and a normal good? My answer is "yes." If my income raises, I might buy more laundry detergent...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Natural Monopoly

Mikeroeconomics: Daily Review -- Natural Monopoly: 1. If the monopoly is unregulated, what will be the monopoly price? 2. What is the perfect competition price? 3. What is the approxim...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review -- Real Variables

Mikeroeconomics: Daily Review -- Real Variables: AmosWEB.com has the best economics encyclopedia on the web.  This Daily Review was inspired by looking at current statistics. If the CPI ...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Long Term Unemployment and Structural Unemployment...

Mikeroeconomics: Long Term Unemployment and Structural Unemployment...: This graphic is from the Pew Charitable Trusts’ Fiscal Analysis Initiative via Chart Porn. The blue line shows that the number se...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review--Market failure

Mikeroeconomics: Daily Review--Market failure: Juan has a gambling problem. He gets a rush from playing the game plus he's good at it. Juan isn't in debt and no one thinks he should cal...

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Mikeroeconomics: Daily Review--Market Structure

Mikeroeconomics: Daily Review--Market Structure: This is a quote from the WSJ . Steve Jobs knew all about competitive markets. He once likened our school system to the old phone monopoly...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review--Elasticity

Mikeroeconomics: Daily Review--Elasticity: In the graph to the right, explain why the Demand curve is inelastic? My answer is that elasticity is defined as the percentage change i...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review--Related Goods

Mikeroeconomics: Daily Review--Related Goods: In the recent recession, many workers are finding that their hours are being cut. Thus, for these workers, their income is declining. Supp...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review--Market Failure

Mikeroeconomics: Daily Review--Market Failure: Suppose that you have two friends Juan and Juanita. Juan has an idea which will yield a return on his investment of 10%. Juan also likes t...

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Mikeroeconomics: Daily Review--Fiscal Policy

Mikeroeconomics: Daily Review--Fiscal Policy: Which fiscal policy has the strongest expansionary effect on aggregate demand? a. Decreasing taxes by $100 b. Increasing government spe...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Daily Review--Nintendo 3DS Sales

Mikeroeconomics: Daily Review--Nintendo 3DS Sales: After Nintendo slashed the price of the gaming system, 235 units were sold with about 80% of the unit sales related to the price ...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Consumer Equilibrium

Mikeroeconomics: Consumer Equilibrium: Jokes brought to you by Livescribe I've condensed Friday's notes to this 3 1/2 minute pencast.

Mikeroeconomics: Daily Review

Mikeroeconomics: Daily Review: In the country of Alpha, the resources can only make two goods--This and That. When resources are specialized, Alpha can make 40 of This or...

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Scott Wolla Explains Supply

Mikeroeconomics: Scott Wolla Explains Supply: "The St. Louis Fed has a series, Economic Lowdown, for students. In this series, ' Economic Education Specialist, Scott Wolla, explains con..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Econ Stories

Summary:  Hayek slanted econ stories.  

The link is here.  A thanks goes to Penny Burger.

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Mikeroeconomics: Market for Lemons and Adverse Selection

Mikeroeconomics: Market for Lemons and Adverse Selection: "Adverse Selection in Lemom and Insurance Market brought to you by Livescribe Inspired by the book, A Cartoon Introduction to Economics, ..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Vocabulary for the AP Macro Exam

Mikeroeconomics: Vocabulary for the AP Macro Exam: "I have made a list for review for students taking the AP Macro next week. The link is here . This vocab will appear on my Android App whi..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

AP Macro Review

This is outstanding for review.

Mikeroeconomics: Debt Primer

Mikeroeconomics: Debt Primer: "When the economy slid into a recession, Juan, a factory worker was laid off from his job. The government lost Juan’s payroll and income tax..."

Mikeroeconomics: Burger Game for Logistics

Mikeroeconomics: Burger Game for Logistics: "Try this game. In economics, human behavior is strategic. Try this game of strategy."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Monopoly Characteristics

Mikeroeconomics: Monopoly Characteristics: "Here's a quiz I made for microeconomics. I kind of proud of it."

Mikeroeconomics: Perfect Competition Worksheet

Mikeroeconomics: Perfect Competition Worksheet: "Here is a problem set that will teach all of the concepts of perfect competition. I wrote this for the Successful Practices Network as a Go..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Education Returns

Mikeroeconomics: Education Returns: "This graph represents how I think students learn. The blue line shows that as teachers push kids to learn the students achieve a tempo..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Shrinking Products

Mikeroeconomics: Shrinking Products: "This video from Consumer Reports states the products are shrinking in a deft attempt to fool the consumer. Products require huge production..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Marginal Product

Mikeroeconomics: Marginal Product: "Marginal Productbrought to you by Livescribe Today's lecture."

Mikeroeconomics: Taxes and Burden of Tax

Mikeroeconomics: Taxes and Burden of Tax: "Who Pays the Taxbrought to you by Livescribe"

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Sienfeld Economics

Mikeroeconomics: Sienfeld Economics: "Here's a site that uses clips from the popular sitcom Sienfeld to make points about barriers to entry and monopoly power. The barrier to en..."

Mikeroeconomics: Marginal Rate of Substitution in Education

Mikeroeconomics: Marginal Rate of Substitution in Education: "Will computers replace teachers in the classroom? I think that as computers develop computers will be substituted for teachers to the..."

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About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

Mikeroeconomics: Cobb-Douglas Production Function

Mikeroeconomics: Cobb-Douglas Production Function: "The original paper on the Cobb-Douglas Production Function is found here. A hearty thanks to Tim Schilling at MV=PQ for this paper. This p..."

Elasticity Coefficient and Total Revenue Test

Summary:

Elasticity. TR Test.

Ed Coefficient and TR Test for elasticity
brought to you by Livescribe

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

Ceilings and Floors

Summary:

Today's lecture.

Ceilings and Floors
brought to you by Livescribe

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.

The Theory of Interstellar Trade

Summary:

Humorous article. Book promo.

The stand up economist, has a post to Paul Krugman's humorous article on the Theory of Interstellar Trade.    The Cartoon Introduction of Economics, by Grady Klein and Yoram Bauman is superb.  It covers microeconomics.  Because of this book, I learned easier ways to teach hard concepts such as marginal decision making.  My favorite part of the book was auctions.  

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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.