Monday, March 18, 2013

An Econ Major Has a Good Job Interview

NPR recently ran this story on the disconnect between employees they want to hire and graduates from colleges and universities. Part of the story is an interview between a employer and a student a VCU who is a double major in computer science and economics. 

Thursday, March 14, 2013

I endorse this message

Einstein on cluttered desks.

Android

This article from Time has some useful background information about Android. It could be a good introduction to tipping, network effects, and complementors.

Wednesday, March 13, 2013

Yahoo! Again

This article in the New Yorker is a good introduction to the potential benefits of face-to-face interactions with coworkers and the disadvantages of tele-commuting.

For a contrary view, read this article from CNN.

Monday, March 11, 2013

Economists Crunch Data Well

This article in the WSJ is a good reason to study economics. For example, the MA program where I teach offers a three-course sequence in econometrics

Sunday, March 10, 2013

A Tale of Two Pricing Algorithms

This post tells the tale of what can happen when two pricing bots compete.

Tuesday, March 5, 2013

Macro Follies

Here is a cute video on macroeconomics.

Monday, March 4, 2013

Yahoo!

Here is the most cogent discussion of Yahoo's recent decision to ban tele-working. It could be an excellent way to initiate discussion over innovation, team work and team building, corporate culture, monitoring, and even why we require students to congregate together in classrooms.

More on ABI's full acquisition of Modelo

This NYT article is a good introduction to mergers, pricing substitute products, and game theory. Who doesn't love a NYT article that mentions trigger strategies? 

Invisible Hand


Friday, March 1, 2013

Air fares as content

Read this article, this article, and this article to learn about a battle between American Airlines and Orbitz over how customers will order tickets, who pays whom for access to information on fares, and who owns the data about the consumers.

Unions and Minimum Wage

This article in the WSJ identifies two reasons that unions support increases in the minimum wage.
  1. The wage paid in many union contracts is pegged to the minimum wage. As the minimum wage rises, so dos the union wage.
  2. Paying less skilled workers more increases the demand for highly skilled unionized labor.