Economic Newsletter

Is a Strong Dollar Better than a Weak Dollar?

“Strong” is usually preferred over “weak.” But for the value of a country’s currency, it’s not that simple. “Strong” isn’t always better, and...

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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...

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Smoothing the Path: Balancing Debt, Income, and Saving for the Future

The life cycle model shows that saving for the future requires people to limit consumption during their working years and save so they will have a “nest egg” to draw on during retirement. Recent changes in how people save for retirement have shifted some responsibility from firms to...

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Economics and the Environment

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...

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The Economics of Immigration: A Story of Substitutes and Complements

America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue of the Page One Economics Newsletter shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of...

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Would Increasing the Minimum Wage Reduce Poverty?

The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. This issue of the newsletter explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.

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The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination

The cost of a college education seems to be skyrocketing—but is it really? Learn about the concept of price discrimination and how it affects college costs.


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The Global Economy: It's a Small World After All

To understand why people trade, suppose you were limited to consuming only items you could find within walking distance of your house. Or, perhaps even worse, only items you could produce yourself. For most of us, this restriction would severely diminish the variety of goods and services we enjoy...

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Why Scarce Resources Are Sometimes Unemployed

The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013  Page One Economics Newsletter, “Why...

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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...

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Glossary

Definition of the Week

Exchange Rate:
The price of one country’s currency in terms of another country’s currency.

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Related Reading

Mar 2, 2015
Online Course for Teachers and Students
Jack of All Trades and his best bud, Andy, are traveling the world by cape, having a coffee at each stop. Andy learns that purchasing those coffees using the currencies of their host countries presents a minor complication - the relative value of currencies around the world can change and make those coffees more expensive or less expensive. How does that happen? Stay tuned and you'll learn how economic conditions affect exchange rates...and the price of coffee everywhere.
To register your students for one or more of these courses, visit the Instructor Management Panel.

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