BLOGONOMICS!

Please click here for the project instructions.

You can find economics news articles, and much more here, at the Redonomics News Universe.

Photo of the Day

Those Zimbabwe dollars really are worthless.

Helpful Links for The Stock Market Game

1. CNBC - Jim Cramer's Mad Money Stock Tips Here.

2. CBS Marketwatch here.

3. Morningstar Stock Research here.

4. Motley Fool click here.

5,000 Janitors with PHD's?

Here you see the over 317,000 waiters and waitresses with college degrees, please click to enlarge.
Check out the whole article here

Gas Prices Around The World

It Could be Worse.

Source.

Economics of Everyday Life

Food Photos: China Edition

Marshmallow Towers

The goal of the game is to make the most profit, which of course is total revenues minus total cost. For each tower, each inch up to 4 inches is worth $1000, and every inch above 4 inches is worth $2000. The variable costs are marshmallows ($50), and toothpicks ($100). Each group has fixed costs of $1000, which do not change with output. Bonuses are given as well for being able to hold piece of paper for 5 seconds, and to be able to stand straight for 3 seconds. The group right below this won, with a profit of $12,300. Congrats!!

Well built tower below, very high revenue, but also high variable costs.
This one looks tasty. Unfortunately, not a winner.
Another good effort.
High marshmallow content, also high variable cost.
A great tower, but lots of variable costs.

Mr. T is now promoting Gold: Maybe a Sign of a Bubble?

It's come to this: The Gold ATM. Seriously.

While gold has hit record highs, it will soon be available at your local ATM. Check out the video.

Robot Hair Washers

Creative Destruction in action... a robot takes another job. This time it is at
the hair salon. One thing that the video doesn't elaborate on is how the robot
is actually scanning the user's head shape in three dimensions to figure out
just the right amount of pressure to apply, and it will use that shape to
remember who you are and what shampoo and massage settings you like.

Map of The Online World

Please click to enlarge

The Street meets Wall Street. Jay-Z and Warren hang out in Omaha.

Check this out at Forbes, a neat interview.

Economic Boom in North Dakota? You Betcha.

As you can see below, (click to enlarge) North Dakota has the country's best unemployment rate (3.6%). Check out the full list here. This is in part due to record oil production of 321,000 barrels per day.

This Resturant Gets an A in Economics!

Economics of Everyday Life Prezi

China Prezi

Introduction to Economics

Economics 1st Day 2010 on Prezi

Personal Finance Presentation - MCEE Conference on Personal Finance and Economic Education

Personal finance presentation

View more presentations from MrRed.

SNL Skit: "Don't Buy Stuff You Can't Afford"

MCEE Conference Presentation: August 10th, 2010

Economics Education Links:

1. Latte Factor Calculator

2. Compounding Interest Calculator - A Good One!!

3. BestPrep

4. Making Sense with Paul Solman - Solman is the outstanding Economics corespondent for PBS's News Hour.

5. Economics Videos from David Mayer - A teacher from San Antonio.

AP Review: Graphs 2 Know

AP STUDENTS: Please flash through and review the following graphs from reffonomics.

1. Money Market Graph.

2. Loanable Funds Graph.

3. Phillips Curve.

4. FOREX: Foreign Exchange Graph.

5. Aggregate Supply and Demand.

Creation of Modern Banking Activity

Directions:

1. Read the story "The Recollections of Pine Gulch." Click here for the story: It takes about 20-30 minutes.

2. When finished with the entire story, please see me and get a quiz on the story. It is due today.
Thank You.

Video: Graphs to Know For The AP Macro Exam

Iceland Volcano Halts World Economy: From African Flowers to Japanese Cars

The Iceland volcano eruption has shown us how inter-connected the global economy is. From flowers in Africa to Japanese flowers, the impact has been felt around the globe. Here are some excerpts from CBS News.

"While the volcanic ash cloud covering parts of Europe continues to wreak havoc for airlines - costing the industry more than $1 billion as of Monday - grounding most of the continent's air travel for several days has had a ripple effect extending far beyond Europe's borders.

The following is a collection of international anecdotes demonstrating how the ash cloud has done more than hit airlines' bottom lines and inconvenienced air travelers.

• The lack of refrigeration facilities at the airport in capital of the West African nation of Ghana has been a big blow to pineapple and pawpaw farmers who sell to Europe because of the lack of flights. As of Tuesday, no cargo flights have taken off yet.

• In Africa, a group of five people from Sierra Leone and Liberia had to abandon a fact-finding trip to the war crimes trial of former Liberian President Charles Taylor in The Hague.

• In Kenya, thousands of day laborers are out of work because produce and flowers can't be exported amid the flight cancellations. Kenya has thrown away 10 million flowers - mostly roses - since the volcano eruption. Asparagus, broccoli and green beans meant for European dinner tables are being fed to Kenyan cattle because storage facilities are filled to capacity.

• The U.S. Travel Association estimates that the ash cloud produced by the eruption has cost the U.S. economy $650 million, approximately $130 million per day. That kind of loss to the economy affects the cashflow to fund about 6,000 American jobs, the association said. Every international flight bound for the U.S. is worth an average of $450,000 in spending from travelers, which the association says pays for five jobs per flight."

I.O.U.S.A. - The Movie

See the video here, at a previous post.

Watch a Bank Get Owned by The FDIC: From 60 Minutes

Watch CBS News Videos Online

Made in the Good Old USA... NOT

Here is a list of famous American brands such as Radio Flyer, Etch-A-Sketch, Chuck Taylors, NBA Jerseys, that are no longer made in America... even some American Flags.

The DotCom Bust: 10 Years Ago This Week.

As you can see from this chart the Nasdaq is still well below its all time highs. Read more here, and if you are interested in the top dot-com flops of the era you might be dissapointed that Pets.com was not #1.
And for you viewing pleasure, here is Sock Puppet in action.

The Worst Car EVAH

Profiled in the Wall Street Journal, the Yugo is describes as a real piece of crap:

"The car broke down during a Motor Trend road test. Consumer Reports declared that the Yugo was "hard to recommend at any price," noting that during one assessment an oil leak dripped onto the exhaust system and filled the car with smoke. The magazine continued: "The clutch chattered. The brakes squealed. . . . The speedometer clicked. The hood became loose." There were safety concerns, too—though, miraculously, a national study ranked the Yugo as only the eighth most deadly car on the road. Somebody should have demanded a recount."