Learn Microeconomics

We discuss a lot of economic issues on this site, and economics has become pretty much a staple of political discussion.  If concepts such as price elasticity, compensating differentials, or tax wedges leave you scratching your head, this is a great (free) online video series teaching the fundamentals of microeconomics.  Complete this course and you will be way ahead of 99% of politicians and journalists.  Of course, the newspaper headlines will start to drive you even crazier than they likely do today, with their total ignorance of basic economics, but there is a price to everything.

Last week, I was giving my usual introduction speech to some of my front-line employees.  One of the things I said to them is that this was a very low-margin business, which meant that wages were not very high but we try hard to compensate by making the job fun (since all of our employees essentially get to live in campgrounds).  It turns out that Cowen and Tabarrok actually have a lecture on this very topic in chapter 13 of their series.