When I decided to get my PhD in economics, my mom wanted to be supportive. In order to do so, she first needed to figure out what...

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...