Export Bans as Price Control

March 30, 2017 Leave a comment

A great post by Alex Tabbarok: A Visit to the Lasalgaon Onion Market. In class today we’ll discuss this:

When prices are high the government bans exports and blames farmers for hoarding (when prices are low as is true today, exports are allowed).

Advertisements

If You Want Less of Something…

March 3, 2017 Leave a comment

tax it.

This article illustrates several things we talk about in the introductory and intermediate microeconomics classes: derived demand, tax incidence, and the relationship between price elasticity of demand and close substitutes.

I hope my students can read it and apply these concepts to what they read.

China WeChat Fact of the Day

January 7, 2017 Leave a comment

Marginal Revolution is always interesting, but when the title of the post is China WeChat Fact of the Day, I just have to point my students this way.

You could do worse things with your holiday than read Marginal RevolutionBaulding’s WorldCafe HayekGreg Mankiw’s blogJohan Norberg or The Economist.

Better yet, read a book!

Categories: Uncategorized

Another Tragedy of the Commons Video

December 26, 2016 Leave a comment

Categories: Videos

Tragedy of the Commons Video

December 26, 2016 Leave a comment

Categories: Videos

Public Goods Video

December 26, 2016 Leave a comment

Categories: Videos

Perfect Competition Market Structure Video

December 26, 2016 Leave a comment

Categories: Videos