Understanding the Production Possibilities Frontier
The production possibilities frontier is the curve that reflects the opportunity costs associated with the production of goods by a particular country. In other words, how many units of production of...
View ArticleUnderstanding Comparative Advantage
Comparative advantage is the ability of one country to produce a particular good at a lower opportunity cost than another country. Consider the production possibility tables of two different countries....
View ArticleHow to Calculate Straddle Profits & Losses With Excel
When an options trader anticipates large directional movements in an underlying equity, and is unsure as to what direction the underlying is going to move, he or she can establish what is know the...
View ArticleHow to Calculate the Annual Inflation Rate
Inflation is an increase in the general price level of goods and services that occurs when too much money is chasing too few goods. Alternatively, inflation can be thought of as a decrease in the...
View ArticleThe Economics of Twinkies
Last Friday on my way to work I heard an NPR segment about the bankruptcy and liquidation of Hostess, the makers of a popular, and rather unhealthy, snack known as Twinkies. It occurred to me, as an...
View ArticleGuest Post: Saving Money by Shopping Online
This is a guest post from Edward Antrobus. Edward is a construction worker, blogger, tinkerer and a househusband. He writes about frugality and occasionally rants about what he thinks the personal...
View ArticleExcel Tricks For Beginners
It seems as of late a lot of people have been asking me questions about Excel; albeit, rather basic questions. If you don’t use Excel that often it can be a rather intimidating program to use. In any...
View ArticleI Am…
This post will have little, if anything, to do with personal finance; however, in light of recent events I felt compelled to write something regarding the matter. Like everyone else in this country, I...
View ArticleGuest Post: Living Debt Free
This article is a guest post by Michelle Backmore, she can be contacted via email at backmore.michelle@gmail.com. Living a debt free life obviously has its own set of advantages. When you’ve got little...
View ArticleGuest Post: How to Save Money by Preserving Fruits & Vegetables
Eating right is one of the best ways to save money on medical costs. Food is a natural healer and when our diet consists of enough fruits and vegetables, we are more likely to fight off disease and...
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