Things AP Econ Students Should Know

Most recent stories in Things AP Econ Students Should Know

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  Michael Brody

  

  Why Capable People Are Reluctant to Lead

  Harvard Business Review

  “Resentment,” “competition,” and “blame”; “aggressive” and “pushy.” These are a sample of the words that respondents in our recent study associated with stepping up to lead. Despite the fact that most organizations desperately need people with leadership skills — and many employees and job …

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  Michael Brody

  

  ‘The Pandemic Is a Prisoner’s Dilemma Game’

  The New York Times - By Siobhan Roberts

  Using game theory, researchers modeled two ways of prioritizing vaccinations, to see which saved more lives. Madhur Anand, an ecologist, and her husband, Chris Bauch, a mathematical biologist, were optimally situated during the spring lockdown, working from home in Guelph, Ontario, to watch the …

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  Michael Brody

  

  How the Fed Influences Interest Rates Using Its New Tools | St. Louis Fed

  stlouisfed.org - Jane E. Ihrig

  Do you remember the economics course you took in high school or college? You might recall memorizing the three tools of monetary policy that help the …

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  Michael Brody

  

  Why Is It So Hard for Americans to Get a Decent Raise?

  slate.com - By Jordan Weissmann

  A new answer could change how we think about unions, monopolies, and the minimum wage. If you were a delivery van driver searching for a new job any …

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  Michael Brody

  

  Treasury Yields Resume Ascent

  The Wall Street Journal. - Min Zeng and Rachel Rosenthal

  Inflation trade intensifies anew following Yellen comments Government-bond yields surged to their highest level since Jan. 3, as the inflation trade that took off in the days after Donald Trump’s election regained intensity. The yield on the 10-year Treasury note settled at 2.461% on Thursday after …

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  Michael Brody

  

  The December Jobs Report in Seven Charts

  The Wall Street Journal. - Kate Davidson

  The U.S. economy added 156,000 jobs in December, the unemployment rate was little changed at 4.7% and wages grew at the strongest pace since 2009. Here's a closer look at how that compares. Job growth slowed in December, as employers added fewer jobs than economists surveyed by The Wall Street …