Higher gasoline prices: temporary or time to buy a hybrid?
Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline?maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue of Page One Economics Newsletter ??Higher Gasoline Prices: Temporary or Time to Buy a Hybrid???for a discussion of factors that might influence that decision.
Stock Market Strategies: Are You an Active or Passive Investor?
Stock market mutual funds offer investors diversified stock market portfolios, but there are several types. Actively managed funds attempt to ?beat? the market by using research, forecasts, and judgment to pick stocks with the best growth prospects. Passively managed funds attempt to replicate the market by buying a representative sample of the stocks on a specific stock market index. Which to choose? This issue of Page One Economics explains the efficient market hypothesis and how it might influence your investment decisions.
The Economics of Flying: How Competitive Are the Friendly Skies?
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.
As Adam Smith said, everyone lives by exchanging. They exchange?buy and sell?to make themselves better off. Does the same principle apply to international trade? Do nations benefit from importing and exporting? The November Page One Economics explains the basics of international trade and its importance to the economy.
Why Are Some Countries Rich and Others Poor?
Economic growth of less-developed economies is key to closing the gap between rich and poor countries. Increasing access to international trade can provide markets for the goods produced by less-developed countries and also increase productivity by increasing the access to capital resources.
Making Sense of Unemployment Data
Job growth has been healthy over the past five years. However, many people are still concerned about the overall health of the labor market. This issue of Page One Economics explains what the unemployment rate does?and does not?measure and whether it is a reliable indicator of the health of the labor market.
What are the \\"ingredients\\" for economic growth?
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. This month?s newsletter discusses the role that economic institutions play in fostering long-term economic growth.
Education, Income, and Wealth
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. Learn valuable tips in the January 2017 issue of Page One Economics.
Money and inflation: a functional relationship
They say that "money makes the world go round." Just imagine a world without money as our method of payment for everyday transactions. Without money, we would all need to barter for necessary goods and services. For example, suppose an accountant needs to have her car fixed. Under a barter system, she would have to find someone who needed some tax advice in exchange for car repairs. The search to find a barter partner is time consuming and wasteful. Money solves this problem and many others. Read more about the three main functions of money and the damaging effects of too much inflation ...
Would a Gold Standard Brighten Economic Outcomes?
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.