With states slowly beginning to reopen, it is interesting to consider how governments decide this process (relating a bit to last time’s Question #2). In the end, it does come down to numbers. Economists estimate that the cost of one (statistical) human life is $10 million, calculated by seeing how…

For this week’s update, we’re going to take a look at the market for medical supplies. Right now, prices are going haywire – costs have increased by over 1000%. When demand shifts way right, price goes way up. Furthermore, companies and hospitals are so desperate for masks that they are…

Today, we’re going to take a look at unemployment. More than 16 million unemployment claims have been filed in the last 3 weeks, and the number of unemployed people is most likely much higher. Here is a graphic to give you a sense of scale:

Last time, we caught you guys up on some of the actions the Federal Reserve has been taking to stimulate the economy during the COVID-19 outbreak.

Have you started to feel anxious? Bored? Itching in your bedroom, thirsting for new knowledge, feeling the walls closing in? If you have, you’re probably suffering from economics withdrawal syndrome, a common occurrence among teens, with increased risk in those who are taking some form of economics class.