Posts Tagged ‘purchasing power’

  • The econlife.com Weekly Roundup

    Weekly Roundup: From Nibbling Nachos to Sipping Starbucks

    Jul 18, 15 • 81 Views • No Comments

    Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation......  [read more]

  • Everyday economics and Shake Shack

    Purchasing Power

    Feb 22, 13 • 717 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other......  [read more]

  • Beer and pretzels.

    Beer Economics

    Nov 8, 12 • 1042 Views • No Comments

    In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2 liter from a retailer. Their results?......  [read more]