The money multiplier has been a standard concept in introductory economics classes …
The money multiplier has been a standard concept in introductory economics classes for decades, but changes in the way the Fed implements monetary policy has made the model obsolete. This issue provides information about the linkages between the Fed and the banking system and provides teaching suggestions.
Choosing a job or career can be daunting because there are so …
Choosing a job or career can be daunting because there are so many factors to consider. Most of the time, we compare the costs of getting a job, such as how much schooling it requires, how difficult the application is, etc., against just one benefit—the salary. In this article, we move beyond the pay and introduce several tangible and intangible benefits to consider when selecting a job.
Modern economies rely heavily on financial intermediaries to channel funds between borrowers …
Modern economies rely heavily on financial intermediaries to channel funds between borrowers and lenders. In this issue, the role of traditional banking is outlined and a parallel system—shadow banking—is explored.
U.S. taxpayers expect the government to be a careful steward of taxpayer …
U.S. taxpayers expect the government to be a careful steward of taxpayer money. The October 2017 issue of Page One Economics: Focus on Finance explains how the Treasury Offset Program recovers taxpayer money from people who have received government benefits in error or by fraud and also recovers delinquent child support.
Today, every state has an unemployment insurance program. This provides some income …
Today, every state has an unemployment insurance program. This provides some income to qualified, unemployed workers who have lost their jobs through no fault of their own. But how did these programs begin and how does the federal-state partnership work? The December 2020 issue of Page One Economics®: Focus on Finance describes this partnership that began in 1935.
The average saving rate for the typical American household before the recession …
The average saving rate for the typical American household before the recession started in 2007 was 2.9 percent; since then it has risen to 5 percent. Uncertainty about the future was the primary driver for the increase. More saving is a good thing, right? Well, some economists argue it might be detrimental to the overall economy. Given the benefits to individuals, how could this be? The May 2012 issue explores this "paradox of thrift."
Is there a recipe for economic growth? Perhaps some Miracle-Gro for the …
Is there a recipe for economic growth? Perhaps some Miracle-Gro for the economy? If only it were that easy. While the exact recipe is a mystery, economists have identified some of the key ingredients. The September 2013 issue discusses the role that economic institutions play in fostering long-term economic growth.
Most of us use credit cards, and many of us have credit …
Most of us use credit cards, and many of us have credit card debt. Economists and personal finance gurus disagree on the best strategies for paying off that debt across multiple credit cards. Check out our February 2023 issue of Page One Economics®: Focus on Finance to see why.
What should college athletes be paid? The debate over compensation of student …
What should college athletes be paid? The debate over compensation of student athletes in the US is not new, but recent policy changes and court cases have once again brought the issue to the forefront. This issue of Page One Economics looks at how the market structure underlying college athletics has taken this debate all the way to the Supreme Court.
Does it feel like your dollars go as far as they used …
Does it feel like your dollars go as far as they used to? If not, how does that mesh when reports say inflation rates are lower than average? The October 2015 issue of Page One Economics explains the disconnect between what you might experience as a consumer and what the data show.
Over 200 years ago, Adam Smith attempted to explain why some nations …
Over 200 years ago, Adam Smith attempted to explain why some nations are wealthier than others. Today, the gap between rich and poor countries is even larger. The September 2017 issue of Page One Economics describes how total factor productivity contributes to economic growth and how growth leads to a rising standard of living.
If companies always try to maximize profits, why are so many social …
If companies always try to maximize profits, why are so many social media sites free to use? Learn how these platforms operate, as well as what positive and negative “network effects” are at play, in this May 2023 issue of Page One Economics.
Getting excited about saving for the future can be hard. We are …
Getting excited about saving for the future can be hard. We are not as emotionally tied to the future as we are to the present. In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
Bonds. Just bonds. This November 2023 issue of Page One Economics helps …
Bonds. Just bonds. This November 2023 issue of Page One Economics helps learners navigate the world of purchasing, holding, and selling bonds. In addition to the basics, students will learn that the bond market, where existing bonds are bought and sold, creates a situation where bond prices and interest rates move in opposite directions.
With prices of new vehicles at all-time highs, many buyers are looking …
With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn't a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid "lemons" and why lemons are a larger problem for the used-car market.
The unemployment rate always seems to be in the news, but did …
The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013 issue to learn the differences.
Robots are in the headlines, and many of us are wondering if …
Robots are in the headlines, and many of us are wondering if they’ll also be taking over our jobs. Is the “Robot Apocalypse” upon us, or is this part of a larger trend that’s been occurring for much of human history? Find out by reading the January 2018 issue of Page One Economics.
App-driven jobs allow workers to decide when, where, and how much to …
App-driven jobs allow workers to decide when, where, and how much to work—one “gig” at a time. Learn more about this new employment trend in the January 2019 issue of Page One Economics.
The nonpartisan Congressional Budget Office tackles that question in a new report …
The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. The March 2014 issue explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.
Historically, money was made of either valuable commodities such as gold or …
Historically, money was made of either valuable commodities such as gold or silver coins or pieces of paper (bills) representing these commodities. The United States severed its last official monetary link to gold in 1971. The January 2015 Page One Economics Newsletter describes some of the advantages and disadvantages of the gold standard.
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