Tag: High School Economics
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Understanding Seasonal Trends in Toy Sales
A lot of toys are bought during December, and the news makes it seem as if Christmas spending plans are important news. Christmas and birthday are likely to be the two biggest reasons to buy toys for a child. “Canadian toy and games sales generated almost $7.3 billion in retail store sales in 2022”. Most…
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Exploring New vs. Used Car Market Trends
The car market is evolving with increasing average vehicle ages and rising prices for new cars, now averaging about $50,000. Consumers are keeping cars longer, possibly due to costs, while the used car market shows different price trends. Dealers benefit from this shift, focusing on maintenance, but market dynamics remain complex.
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Trick or Treat: Lessons in Economics
Halloween is an odd event because it is so silly: people dress up in scary costumes and, for one night in the year, anybody who knocks on the door is given candy. This post notes six lessons involving economics, not including the incentive/threat implied by the phrase “Trick or Treat”.
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Surprising Insights and the 2025 Nobel Laureates in Economics
The 2025 Nobel Laureates in Economic Science are being recognized for their contributions to understanding the determinants of economic growth. Growth is generally seen as a good thing and the work being recognized was done more than 30 years ago. So, what was the surprising insight and, more importantly, what do others not understand about…
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The Truth About Investing in Fractional Shares: Marginal Thinking Explained
You may have seen the ads from banks suggesting investors should buy fractions of a share of a company. Normally, I applaud anybody who thinks on the margin. This post applies marginal thinking to this suggestion and argues that, with one exception, buying a fraction of a share displays ignorance or narrowness of thinking.
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Three Quotes that Define True Education Success
As students return to classrooms, it is good time to think about what is worth learning. Many facts could be learned but, if that were the goal of an education, graduation ceremonies should be replaced with trivia contests. The real goal is wisdom, because wisdom overcomes ignorance and guides applications.
5 Basic Principles of Economics 