Businesses

Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.

  • “Nutty” Regulations

    Sep 29, 11 • 390 Views • No Comments

    Asked if we wanted accurate labeling on food packages, most of us would say yes. Calorie counts in restaurants would come in handy. Should boilers be more environmentally friendly? Describing a walnut package labeling regulation that adversely affected one......  [read more]

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    Moneyball Economics

    Sep 27, 11 • 1213 Views • No Comments

    A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not have. Faced......  [read more]

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    Tweet Rights

    Sep 26, 11 • 343 Views • No Comments

    Does “Nutcracker Tweet” bird seed have the right to Tweet? Is it okay to name your birdhouse firm “Tweet Tweet Home?”  Can your app say Tweet? It all depends on the US Patent and Trademark Office. Twitter wants the tweet......  [read more]

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    A “Jersey Shore” Controversy

    Sep 24, 11 • 336 Views • No Comments

    Called the “Snooki subsidy,” the firm that produced MTV’s “Jersey Shore” just received a $420,000 tax credit from the NJ Economic Development Authority. The purpose? New Jersey hopes to encourage business investment. The problem?......  [read more]

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    Operation Twist Again

    Sep 23, 11 • 343 Views • No Comments

    Operation Twist is a great name but tough to understand. Our starting point is interest rates. When you loan someone $100, you expect to be repaid more. How much extra? It depends on many variables so let’s just look at one. Time. When the federal......  [read more]