Robert Schenk, PhD
Derived Demand
A description, examples, and graphs on the subject of "derived demand" are provided.
Robert Schenk, PhD
St. Josephs College: More Price Elasticity
This site explains price elasticity of supply. Includes graphs to represent the concept.
Robert Schenk, PhD
Rationing and the Distribution of Income
Addresses the distribution of income. Gives a fair and balanced account of a potential problem in the United States.
Robert Schenk, PhD
Lagging Doubts
This website discusses the economic concept of "Lags," in economic policy using Gerald Ford's policies as an example.
Robert Schenk, PhD
Cyber Economics: Maximizing Profit Overview
This site from the St. Joseph's College details what profit is, as well as providing a complete overview of how to maximize profit.
Robert Schenk, PhD
Cybereconomics: Circular Flow Diagram
This site gives a description and has a picture of a circular flow diagram. Description is well-written and easy to understand. A good overview of the flow of goods and services.
Robert Schenk, PhD
Cyber Economics: Intro to Macro: A Case of Unemployment
Case study of unemployment and the economy of the Great Depression offers analysis and postulates theoretical outcomes. With charts and graphs.
Robert Schenk, PhD
Demand Terminology
This site explains the difference between "changes in quantity demanded" as opposed to "changes in demand".
Robert Schenk, PhD
Supply Terminology
This site briefly discusses the difference between a "change in supply" vs. a "change in quantity supplied."
Robert Schenk, PhD
Cyber Economics: Measuring the Economy: An Overview
How the United States government measures the three most commonly used concepts based on aggregated markets: the unemployment rate, the rate of inflation, and Gross Domestic Product. Content explains the purpose of each measurement, how...