Shana M. McDermott, PhD
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    • ECON 1311: Principles of Microeconomics
    • ECON 3330: Economics of the Environment
  • Current Vitae

Mathematical references

Visualization of profit maximization in perfect competition
    - Wolfram Mathematics

Visualization of monopoly
    - Wolfram Mathematics

Videos and Blogs

EconMovies
    - ACDC Leadership on YouTube

Application of microeconomic theory

Council members open to minimum wage increase for city workers (San Antonio)
    - Rivard Report, September 2017
    - Topic: Price controls 

An economics theory developed in 1817 can help you cut your to-do list in half
    - Topic: Comparative advantage

20 states accuse generic drug companies of price fixing
    - The New York Times, December 2016
    - Topic: Market power, collusion

Many U.S. businesses struggle to find Mexican workers
    - November 2016
    - Topic: Labor

Cocainenomics
​    - Topic: Cartel (Oligopoly)

An introduction to the idea of elasticity in Poker
    - October 2016
    - Topic: Elasticity 

Why beef prices will keep getting cheaper in 2016
    - Time, September 2016
    - Topic: Application of supply/demand 

​The fascinating economics of Uber drivers- The Laffer Curve and when and where we should regulate
    - Forbes, September 2016
    - Topic: Labor supply, Substitution and income effects

Do we need $75,000 a year to be happy?
    - Time, September 2010
    - Topic: Utility

​East Coast faces gas shortages, price hikes after pipeline leak
    - CNN, September 2016
    - Topic: Application of negative supply shock (supply/demand)

Wheat, one of the world's most important crops, is being threatened by climate change
​    - Washington Post, September 2016
    - Topic: Application of supply shock (supply/demand)

How Uber drivers decide how long to work
    - The New York Times, September 2016
    - Topic: Income/substitution effects

Food price deflation cheers consumers, hurts farmers, grocers and restaurants
    - The Wall Street Journal, September 2016
    - Topic: Application of supply/demand

Limited hours limiting growth?
    - Laramie Boomerang, August 2016
    - Topic: Scarcity; growth

Cotton Subsidies: The gift that keeps on giving
    - The Times and Democrat, August 2016
    - Topic: Price controls

The completely insane consumer surplus of the internet
   
- Blog post, November 2015
    - Topic: Consumer surplus; welfare

Farmers turn to soybeans as corn prices plummet
    - The Columbus Dispatch, February 2015
    - Topic: Substitution in supply/demand

Valentine's Day chocolate will cost more this year, as cocoa prices rise
    - NY Times, February 2015
​    - Topic: Equilibrium impacts in supply/demand

Shake-up at Mattel as Barbie loses her appeal 
    - NY Times, January 2015
    - Topic: Application of supply and demand

Oil prices: What's behind the drop? Simple economics
    - NY Times, January 2015
    - Topic: Application of supply/demand

Obama's 'free' community college plan to make four-year degrees more expensive
    - EAGnews.org, January 2015
    - Topic: Application of supply/demand

Dear Economist, I need a date
    - NPR Planet Money, January 2014

The sloth effect
    - NY Times, November 2013
    - Topic: Application of labor supply curves

What do we know about the substitution effect in transnational terrorism?
    - Walter Enders and Todd Sandler, April 2002
    - Topic: Application of income and substitution effects

Same Job, Same Wage?
    - Freakonomics Blog, July 2013
Not doing better than our parents and loving it!
    - THE ÜMLAUT, May 2013

Diminishing returns to attractiveness? 
    - The Economist, April 2013
Reduce inequality by increasing the number of school days
    - Economic Logic Blog, March 2013
       This is a great blog for interesting economic applications.

Barbie dolls and price discrimination
    - The Economist, March 2013

"It's not you, it's the dishes" blog
    - A very funny and real-life application of economics (e.g. love, relationships, housework). There are numerous  
       "categories" on the right side of the webpage.  

Sweet times for cows as gummy worms replace costly corn feed
    - Yahoo news, September 2012
    - Topic: Application of supply/demand

It's No Yolk: Mexicans Cope With Egg Shortage, Price Spikes    
    - NPR, September 2012
    - Topic: Application of supply/demand

Virtual Spring: Digital-payment services are multiplying in the Middle East
    - The Economist, September 2012

Drought to raise family grocery bill by $7    
    - Pork Network, September 2012
    - Topic: Application of supply/demand

Shortage Scrambles Eastern Europe's Egg Hunt
    - Wall Street Journal, April 2012
    - Topic: Application of supply/demand

Minimum alcohol price planned for England and Wales
    - BBC, March 2012
    - Topic: Price controls

Ivory Coast stirs the cocoa
    - Wall Street Journal, February 2012

Do Green Markets Actually Lead To Improvements In Environmental Quality?
    - ScienceDaily, September 2006

Money Illusion And The Market
    - ScienceDaily, August 2007

How Elasticity Affects The Market For Illegal Goods
    - ScienceDaily, January 2006
    - Topic: Elasticity

Immigration Can Lower Prices Of Consumer Products
    - ScienceDaily, August 2007
    - Topic: Growth; Application of supply/demand
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