Tariffs, Export Taxes and More

This article appeared in the New York Times today. The article, once you get into it, talks about supply, demand, and prices, as well the effects of taxes. The article is written by Paul Krugman, so it has a political bent to it and the start of it is very partisan; however, it does make for the start of a good conservation. 

Taxation

This is a great video from The Economist that explains the different types of taxes and the history of taxation. It is a short clip that can be a great start to any macro class.

The Cost of Raising a Child

I showed this article to my classes and it started a great conversation about opportunity costs, scarcity, and decision making. There is a great line about economies of scale, which my students are not there yet. I also told the students to go home and thank their parents for forgoing other things in order to give them life and raise them!   

Economists versus the Economy

If you work in a school like mine, you are back today. Happy New Year! Others were fortunate enough to have this week off. Either way, if you are looking to brush up on some economic theory, this is a good article. You need little economic background to understand this, but after reading the article, you should have a good understanding of some different philosophies of the economy. Also, it is a short read. Enjoy!