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Traffic congestion in cities like New York can cost billions of dollars in lost productivity.

Externalities in Urban Planning: A Case Study on Congestion Pricing in New York City

New York City plans to implement congestion pricing to reduce high traffic congestion. Historically, this policy has been more successful and less restrictive than other congestion-fighting options....
5 min read
Human Development Index (HDI)
Definitions Managing the economy

Human Development Index (HDI)

Published on March 31, 2024

Labour Intensive
Definitions Business economics

Labour Intensive

Published on March 31, 2024

Ex-Ante Meaning
Definitions Business economics

Ex-Ante Meaning

Published on March 28, 2024

Consumer Durables
Definitions Business economics

Consumer Durables

Published on March 27, 2024

Complements Economics
Definitions Competitive markets

Complements Economics

Published on March 27, 2024

The Circular Flow Diagram
Definitions Managing the economy

The Circular Flow Diagram

Published on March 22, 2024

Marginal Utility Formula
Definitions Behavioural economics

Marginal Utility Formula

Published on March 22, 2024

Liquidity Trap
Definitions Managing the economy Global economics

Liquidity Trap

Published on March 22, 2024

hand holding a smartphone with candle chart for trading.
Behavioural economics

Forex Trading Platforms and the Role of Behavioral Economics: How Emotional Biases and Herd Behavior Shape Currency Markets

Published on March 17, 2024

Colorful screen and blocks with letters
Business economics Behavioural economics

Marginal Cost Pricing and the Rise of Affordable Custom Graphic Design Services

Published on March 17, 2024

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Sunlit apartment building with fire escapes, featuring a "For Rent" sign; the facade displays a mix of shadows and light.

The Principle of Comparative Statics in Housing Markets: Post-COVID Shifts in Urban Real Estate

The Principle of Comparative Statics examines the effects on a market due to a change in some exogenous (external) factor. COVID had a major impact on the housing market, shifting demand from central city properties to suburban homes (both home ownership and renting)....
4 min read

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Many streaming services offer access to an entire library rather than individual movies or TV show seasons.
The Economics of Subscription Models: Why Businesses Prefer Recurring Revenue Over One-Time Sales
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Thanks to rapidly-adjustable websites and apps, airlines can engage in dynamic pricing.
Price Discrimination in the Airline Industry: How Airlines Maximize Revenue Through Dynamic Pricing
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Despite being created to save us time, modern appliances do not seem to make us any less busy.
The Paradox of Automation: How Labor-Saving Technology Can Create More Jobs
March 11, 2025

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