• COVID Economics #5: Reopening the economy

    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…

  • COVID Economics #4: Medical Supplies

    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…

  • COVID Economics #3: Unemployment

    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:

  • COVID Economics #2: Bonds

    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.

  • COVID Economics #1: Monetary Policy

    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.