If you’ve taught economics, you know that two of the most mixed up terms are demand and quantity demanded. The problem is that in...

This may be a little silly but bear with me… Imagine that you own a bakery, and you specialize in chocolate chip cookies. You make some...

Imports – goods produced in other countries but sold “here” (in this case that’s the U.S.). They come up in the news a lot – are they...

It’s hard for me to go anywhere now without thinking about what I could write a blog post on. Take my trip to Waco a few weeks ago. I...

What did everyone do when the pandemic first hit and people were spending hours and hours at home? At first, the baking started (see...

I read this really interesting article in the NY Times about the Maine lobster industry. The lobster market is struggling due to a...

The movie “My Cousin Vinny” has a fan club of lawyers and judges who love to quote the movie and use it as an example of effective...

Nothing beats biting into a strawberry and having the juices drip down your chin. But have you ever stopped to think about where these...

One of the first lessons in an economics class is “People respond to incentives.” This concept is quite intuitive. When you were a child...

It’s April 4th, 2020 and governments across the country and the world are telling their citizens to stay home and not to congregate in...

One of the first lessons you learn in an economics class is that as the demand for something goes up, so does the price. Now, why is that?...

Back in graduate school, I offered to make cookies for the student events so that they didn’t have to buy the store-bought ones. The...

Complements “Milk is on sale, so I bought Oreos!” PJ exclaimed when I came over to babysit his daughter. What?! Well it is simple: milk...

“Say it’s for a wedding and the price doubles.” You’ve probably heard people say that. It refers to many different aspects of the...

I’ve been baking for forever. My sister and I used to make brownies for our swim team coaches in elementary school, and by high school I...