econlife on ‘Households’

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Soda Wars

    Mar 18, 11 • 206 Views • Businesses, Demand, Supply, and Markets, HouseholdsNo Comments

    Diet Coke just pushed Pepsi out of the #2 spot in soda sales. Other soda facts… As reported by Beverage-Digest, Coke (17%) remains the most popular carbonated soft drink with Diet Coke (9.9%) next and then Pepsi (9.5%) and Mt. Dew (6.8%). The number...

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    Presidential Pay and the GDP

    Mar 17, 11 • 124 Views • Government, Households, Macroeconomic Measurement, Thinking EconomicallyNo Comments

     The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita GDP next. I’ve...

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    More Education Matters

    Mar 12, 11 • 105 Views • Businesses, Economic Debates, Government, Households, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    15-year old U.S. students ranked #24 for math in an OECD assessment program (PISA). For reading, they placed #15. In a Teaching Company lecture called “Underperforming Schools” Wake Forest economist Robert Whaples suggests how we might raise our...

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    Visiting the Labor Market

    Mar 9, 11 • 91 Views • Households, Labor, Macroeconomic MeasurementNo Comments

    We might need to adjust how we think about the labor market. Yes, we know that the unemployment rate for February was 8.9% and that 13.7 million people are jobless.  However, to encourage thoughts about the future, an M.I.T. economist tells us more....

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 93 Views • Environment, Government, Households, Regulation, Thinking EconomicallyNo Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the...