Category Archives: Economics

How can it be that the fastest growing and most profitable U.S. airline is the one most complained about? The most common reason that people don’t travel is the airfare price, which combined with Spirit airline’s odd success proves that cheap ticket prices are what fliers care most about. You have to plan months in advance just to feel like you are still overpaying for your ticket. Then when you get to the airport and run into a slew of other fees, ranging from checking baggage to being forced into purchasing overpriced airport food. For some people, the fees don’t Continue reading Most Hated and Successful US Airline→

Welfare benefits are a point of contention for lawmakers and consumers alike. Some states have been mulling over changing their welfare policies, most of which are aimed at controlling what the poor spend their food stamps and welfare checks on. Some politicians are worried that the poor take government money and spend it on non-essentials (concerns include welfare checks being spent at strip clubs and food stamps being used for filet mignon – I’m not kidding). To help put those fears to rest, the Bureau of Labor Statistics recently updated their consumer expenditure survey. The consumer expenditure survey shows how much individuals from Continue reading How do the poor and rich spend their money?→

Everyone has become infatuated with the use of data in business. This trend started with Billy Beane with the Oakland A’s, using simple statistics to govern strategic decision making about how to assemble a team. The idea of using statistics in more aspects of life has become popularized with movies like Moneyball and websites like Fivethirtyeight. The use of analytics or big data is now spreading across businesses and industries.  If you are a fan of basketball, you have seen NBA franchises begin to invest millions in departments dedicated solely to using math to give their team an advantage. These types of Continue reading Where is ‘Big Data’ Going?→

Anyone trying to go to a bar or coffee shop over the weekend may have been forced to wait longer in lines or found it harder to find places to sit because tables were full of people were sitting around tables playing board games. That’s because last Saturday was ‘International Tabletop Day,’ and tons of people came out to bars, coffee shops and other places to play games with friends or meet new people who enjoy board games. This idea was the brain-child of Wil Wheaton, who hosts the youtube show, ‘Tabletop’ where biweekly he brings his celebrity friends to Continue reading Why Recent Growth in the Board Game Market isn’t a Bubble→

As a student at a liberal arts university, I have developed into a huge proponent of multidisciplinary learning. It’s the way in which we can truly solve problems in the real world, as well as keep our minds open. Although I’ve only been a college student for two years, I’ve had the opportunity to take many classes that I wouldn’t have expected to take at a more degree-oriented university, with topics ranging from ancient philosophy to banking, and pretty much everything in between. One subject that I’ve somehow managed to avoid my entire life is physics. In high school, I Continue reading Physics and Economics→

Two announcements to send your way! First, our next Econ Social Hour will happen this Friday, April 17th, from 4-6 pm at Engine House No. 9. All economics students are welcome! Additionally, here is an internship opportunity at the Washington State Economic and Revenue Forecast Council. The internship involves updating the Washington State Economic Climate Survey. The closing date is April 30, 2015. To apply, CLICK HERE!

As a disclaimer, I am not against careers in finance. I plan on pursuing one myself. Where a student goes with their qualifications and talents is a greatly personal decision. I’m not a senior, but I know many students who are. The stress of graduating and moving on to the next stage in your life can be exciting, terrifying or both. Many students are already making employment decisions before they even walk across the stage and get their degree(s). As an economics major, I’m no stranger to the assumptions made by my family, peers and even myself that I’m going to pursue Continue reading Is Going into Finance the Best Use of Your Skills?→

In my last post I talked about for-profit schools, but failed to mention Division I athletics in this conversation. Although these obviously aren’t technically for-profit, I would argue that the structure of these programs seems to go against the non-profit nature of the schools. The reason I say this is that these programs themselves seem to be almost treated as for-profit entities by the school where they are attempting to maximize the profits made by athletic programs every year. Money drives many of the decisions made by colleges and major athletic conferences to the point where things like television networks are Continue reading Problem with College Athletics→

If you turn on the radio and listen to the local northwest radio stations, there seems to be a single conclusion about the region, and specifically Seattle’s future: profound economic growth. People are moving to the northwest in droves, some drawn in by the impressive array of job opportunities available, and others attracted by the sheer appeal of the region (even those without jobs at all.) However, there’s a problem with this rapid development, and that is traffic. While this may sound a little like that person who whines that ‘too many people like them,’ it’s not untrue, and Seattle’s Continue reading Seattle’s Traffic and the Urban Village→