The composition effect makes it difficult to describe diverse populations with a single statistic.
This Page One Economics Data Primer describes the reasons data are revised and updated. More accurate data facilitate better decisionmaking.
Learn how FRED aggregates the latest data and ALFRED captures previous versions of the data.
This Page One Economics Data Primer describes the range of data units available in FRED, including their common use and interpretation, that help reveal the story behind the numbers.
This is a 7 minute video that is part of the FED of St. Louis' Economic Lowdown series that explains the Law of Demand, the graph shape and what contributes to the changes in demand. This video will cover the standard EPF. 3(a)
Teachers may also find accompanying handouts at https://www.econlowdown.org/
The sixth podcast in this series examines the law of demand. Those who love candy bars will find this lesson especially easy to digest. A demand curve is simply defined, as are the sorts of changes that might affect that curve—all in less than seven minutes.
Students are given a portfolio of investments, and they assess the relative risk associated with the products in their portfolios. They later determine which savings and investment instruments might be most suitable for clients of different ages and economic status.
Before buying an extended warranty or a service contract for your home, a car, or an appliance, be sure to read the fine print and weigh the costs and benefits.
Is international trade good for Americans? The November 2017 issue of Page One Economics provides the ins and outs of trade, including some history, the costs and benefits, and policy choices.
Understanding the reality of inflation can help consumers make decisions in personal finance. Learn more about inflation, how it’s measured, and how the inflation rate is calculated in the December 2021 issue of Page One Economics: Focus on Finance.
Vocabulary, vocabulary, vocabulary is the first step in learning a new discipline like economics or personal finance. We can help with that! Create and print flashcards, or have your students create and print their own, from more than 300 economics and personal-finance terms. Create flashcards for each new chapter or unit of study.
Have you encountered mobile payment systems like mobile credit card readers? Pretty cool—and this kind of innovation can be good for the economy. From micro to macro, in this episode of The Economic Lowdown podcast series, we'll take a look at economic growth—how innovation and technological progress can make things happen for the economy over time by organizing the factors of production to be, well, more productive.
Our standard of living depends on the pace of economic growth. That pace can be enhanced through increased productivity brought about by investment in physical and human capital and advances in technology. In this course, students will learn about these tools to increase productivity and advance our standard of living.
How are economics and the environment related? The quick answer is that environmental quality is a worthy goal, but there is an economic trade-off: a clean environment does not come without costs. The September 2014 Page One Economics article, "Economics and the Environment, "provides some economic strategies for protecting the environment.
Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. Find out in the November 2018 issue of Page One Economics how deregulation increased competition, lowered prices, and created crowded flights.
America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of immigrant workers as substitutes for and complements to native-born workers.
The Economics of Infrastructure is the first video in the Explore Economics animated series. It shows how infrastructure such as roads, bridges, railroad lines, water mains, sewer pipes, and power lines support the operation of an economy.
People are passionate about professional sports—they give people pride and a sense of community. And they create economic benefits for the community. But should tax dollars be used to subsidize sports stadiums? The May 2017 issue of Page One Economics describes some pros and cons.
“The Economics of Transportation” is the second video in the Explore Economics animated series. It shows how changes in technology changed the way and speed with which people move goods.
This online activity demonstrates how simple it is to use key tools in GeoFRED to focus on regional economic growth and development. The activity examines U.S. unemployment data at the county level to explore how employment was affected by the energy boom around the time of the Great Recession.
No surprise—people with more education often earn higher incomes and are unemployed less than those with less education. Those with higher incomes also tend to accumulate more wealth. Why? Research shows that well-educated people tend to make financial decisions that help build wealth. Their strategies, though, can be used by anyone.