Microeconomics

Why Even Economists Aren’t Safe From Automation

Why Even Economists Aren’t Safe From Automation

A lot more jobs than just cashiers, tellers, and drivers could become automated.

The Economic Effect of Automotive Pollution

The Economic Effect of Automotive Pollution

The massive car industry is playing a huge part in climate change. So how much does a daily driver really contribute to climate change? How much is it going to cost to fix it?

Who Gets the Money: Girl Scouts Cookies

Why bother buying Girl Scouts cookies? Aside from being delicious, Girl Scouts cookies can teach us a lot about non-profits and how cookie sales work. Who would have guessed that a troop from Eastern Oklahoma all the way back in 1917 could have created a […]

The NCAA and its Indentured Athletes

Imagine that you’ve been offered a job at Company X. This job is based on the fulfillment of a contract, which we’ll get to in a bit. Company X is a multibillion dollar, not-for-profit organization, but instead of offering you a salary they exempt you […]

Dieselgate, Two Years on, Volkswagen Still in Trouble

Dieselgate, Two Years on, Volkswagen Still in Trouble

On September 18, 2015 the U.S Environmental Protection Agency (EPA) found and reported that the Volkswagen Auto Group was in violation of the Clean Air Act that went into effect in 1963. The world’s largest automotive manufacturer includes the brands of Audi, Volkswagen, Bentley, Lamborghini, […]

Economies of Scale(s)

Economies of Scale(s)

Oh, hello there! Welcome to Timos’s Silver Scale Shop! We are a specialty boutique that crafts silver balance scales for judges, and…umm…people who like to balance things the good old-fashioned way! While being a boutique manufacturer has been great, it’s not nearly as lucrative as […]

How 17 Million Cars Make it to the Consumer Every Year

How 17 Million Cars Make it to the Consumer Every Year

Since the “Great Recession” in 2008 when the US congress voted to bail out the automotive industry,  $79.7 billion in total, the U.S. automotive industry has experienced a resounding comeback. In 2015 the big three (Ford, General Motors, and Chrysler) broke their all-time record for […]

A Hurricane of Losses

A Hurricane of Losses

You really think you can best Mother Nature?