Trucking, Uber, and an Economic Recession?

Trucking, Uber, and an Economic Recession?

At the end of September, Bloomberg posted a piece about domestic heavy-truck sales plummeting suddenly. The Bureau of Economic Analysis released a report that showed August of 2016 experiencing a sales drop of 29% when compared with the same period in 2015, which was...
How Big Data is Impacting Economics

How Big Data is Impacting Economics

When you break it down to simple terms, the field of economics at it’s core is about math and people. Nowadays, you might want to add that it’s about math, people, and “big data.”   Economics is the branch of knowledge concerned with the production, consumption,...
Brexit vs. Black Wednesday

Brexit vs. Black Wednesday

In the lead up to, and aftermath of, the Brexit referendum vote in June, you may have seen more than one reference comparing the potential fall-out to “Black Wednesday”. While that is not turning out to be entirely comparable, (Pound Sterling Live said on 7/25/16 that...
Breaking Down Game Theory Basics

Breaking Down Game Theory Basics

Game theory: You’ve probably heard of it, but do you know what it is? At it’s core, a “game” is any situation where there are several decision makers, and each of them wants to achieve the best results for themselves. The optimizing decision and result will depend,...
What is the Brexit, Exactly?

What is the Brexit, Exactly?

The “Brexit” -a portmanteau of “Britain” and “exit”- is the discussion centering around the upcoming referendum, a vote on June 23rd wherein everyone of legal voting age can vote either “yes” or “no” on one single question: Should Britain leave the European Union? The...
A Primer on the Big Mac Index

A Primer on the Big Mac Index

The Big Mac index began in 1986 with The Economist. According to them, it was a “lighthearted guide” to whether currencies are at their “correct” level. It was a fun way to make explaining exchange rate theory more accessible and understandable. So why does The...