Category Archives: Economics

Optimizing the UPS School Year

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This year, UPS is ending this semester’s classes and starting next semester’s classes a week later than usual. There were mixed reviews to this shift. In regards to starting classes later in the fall, there are less strong opinions and there is more general confusion. Changing the end date has caused more controversy, though. Supporters are glad that graduation is no longer on Mother’s Day, which was a common complaint from students. That said, when graduation was on Mother’s Day, those who weren’t planning on staying for graduation could be home in time to celebrate. Now, Mother’s Day is the Continue reading Optimizing the UPS School Year→

Why The 2019 Oscars Could Change the Movie-Going Landscape

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The Oscars are a yearly extravagance that many people enjoy from the comfort of their living room, hoping to see one of their favorite nominees win one of the highly coveted awards. Roma’s nomination for Best Picture at the 2019 Oscars is notable for a number of reasons, but one could have major implications for the future of multiplex cinemas. Roma was a film produced by, and initially released on, Netflix. This might not seem special, but the film was nominated for Best Picture at the 2019 Oscars which is unprecedented for a streaming service’s original film. Not only that, Continue reading Why The 2019 Oscars Could Change the Movie-Going Landscape→

Tariff Engineering and America’s Favorite Shoe

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Beloved by 1960s basketball stars, weightlifters, skaters, and teenagers alike, Converse All-Stars have become an American staple. I love my Chuck Taylors (I have owned the same pair since seventh grade) and have worn the soles to bare treads. All-Star fanatics may notice felt on the sole of their shoes along the outline, toe, and heel. While at first glance the fuzzy lining seems deliberately placed, in reality it serves no functional purpose. Converse (now owned by Nike) uses tariff engineering to import shoes at a lower cost. As of 2015, the tariff on imported shoes in the United States Continue reading Tariff Engineering and America’s Favorite Shoe→

To Wave or Not to Wave?

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We have all been in a situation where we are unsure if we should wave at an acquaintance we see or to continue on with ourselves without waving. Whether this happens in the grocery store, on the street, or walking around your college campus it is all equally awkward and uncomfortable. There is that one moment, after you both make eye contact, that you must decide if you will send them a salutation or withhold. While we have all faced this we probably have not thought of this scenario through an economic lens, but we can use a game matrix Continue reading To Wave or Not to Wave?→

Amazon Terminates NY HQ2 Plan

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Just today it was announced that Amazon has ended all plans to continue with developing its second headquarters (HQ2) campus in New York. After facing weeks of complaints and aggressive questioning from locals online, in public, and in-person the Mega-Corporation has decided the $3 billion in subsidies and access to New York’s rising tech industry are simply not worth the harassment. This is only the latest in the long saga that is the creation of Amazon’s HQ2 that began in late 2017 with the promise of 50,000 (wow!) new jobs and plans to spend $5 billion dollars on local construction Continue reading Amazon Terminates NY HQ2 Plan→

Liberty in the Name of Liberty: Forced to Bake a Cake, Eating It, and Having It Too

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In 2012, two men approached Masterpiece Cakeshop to bake a cake for their same-sex wedding. Jack Phillips, owner of Masterpiece Cakeshop, refused to bake this particular cake for religious reasons. The couple went on to file a formal complaint with the Colorado Civil Rights Commission for sexual orientation discrimination. The initial ruling stated that Philips did not have a first amendment right to deny the gay couple’s request for a cake. The commission also “ordered Jack and his staff to either violate Jack’s faith by designing custom wedding cakes that celebrate same-sex marriages or stop designing all wedding cakes, which was Continue reading Liberty in the Name of Liberty: Forced to Bake a Cake, Eating It, and Having It Too→

Why Tacoma shuts down when it snows: A network optimization problem

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(Picture from UPS Facebook Page) This storm seems to spark a lot of emotion. While watching Tacoma residents and California transplants loot Safeway for canned beans and Rainier, Minnesotans and Chicagoans laugh and jeer about how they walked to school in five feet of snow every winter without a jacket. Okay, maybe not quite so extreme, but how would I know – I haven’t left North Tacoma in five days because I, too, am a California transplant. This past week has made glaringly clear the difference in protocols and design between cities that brace for snow vigilantly every winter, and Continue reading Why Tacoma shuts down when it snows: A network optimization problem→

The Utility of Schadenfreude

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Recently, in one of my economics classes, the professor decided to have us play a game theory scenario. The first interesting factor to know for context, is that the class consists of a minority of economics majors. The second factor is that the class consists of over 20 students (decently sized for a Puget Sound econ course). The game we played was a basic variable contribution mechanism game, with the class splitting into groups of around 3 and given the opportunity to contribute ‘tokens’ to a group pot to get points for the entire class or keep the ‘tokens’ to Continue reading The Utility of Schadenfreude→

Why You Should Be Less Excited About Snow Days

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Snow is really really expensive. In 2015 the American Association of State Highway and Transportation Officials investigated the cost of snow removal in 23 states, and found that the overall cost was $1,131,651,978 (AASHTO). Simply put, snow is a financial burden on cities. But this is not the primary concern of students when it comes to cold weather. The only question that matters to a student, no matter how old, is whether or not there will be a snow day. The consensus among the student body here at UPS is that snow days are amazing, and that a break from Continue reading Why You Should Be Less Excited About Snow Days→