Posts Tagged ‘Supply and demand’

• What Should We Do About Higher Gas Prices?
  Posted by Jeff Carter on February 19th, 2013 at 9:25 am, Comments: 0

  Why the heck are gas prices going up again? It’s not the speculators.  Speculators can’t influence a market.  Despite the protestations of people who totally [...]

• Microeconomics Monday-What’s More Valuable? Water or Diamonds?
  Posted by Jeff Carter on November 19th, 2012 at 8:14 am, Comments: 0

  Economics is about trade offs.  There are costs, and then there are opportunity coststo every decision you ever make.  Sometimes they are fuzzy, and it’s [...]

• Microeconomics Monday-No Currency In POW Camps
  Posted by Jeff Carter on November 12th, 2012 at 7:46 am, Comments: 0

  First in our series on Microeconomics Monday is to introduce you to the basic theories of microecon.  Markets are ubiquitous in every single part of [...]