Fun Economics

I love #economics because it explains how the world works. Almost everything is related to money and its relationship with the people.

[Fun Economics @FunEconomics]

All around the world, despite progress and protests and legislation, there is a persistent gap between what men and women are paid. An economist explains the income gender gap. #economics https://t.co/iM3kdEi3ts

[Fun Economics @FunEconomics]

Today #Apple announced financial results for its fiscal 2021 first quarter ended Dec. 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21% year over year, and quarterly earnings per diluted share of $1.68, up 35%. International sales accounted for 64%.

[Fun Economics @FunEconomics]

Boeing, Walt Disney share losses contribute to Dow's 425-point drop. #stockmarket https://t.co/5D1u4TZL1f

[Fun Economics @FunEconomics]

The #VelocityOfMoney is the frequency at which one unit of currency is used to purchase domestically - produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. #Economics

[Bloomberg Economics @economics]

China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment (via @hancocktom & @EndaCurran) https://t.co/008pCFkkju

[Fun Economics @FunEconomics]

#Economics affects our daily lives in both obvious and subtle ways. It frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as #inflation, #interestrates and #economicgrowth.

[Steve Hanke @steve_hanke]

Compared to 67% in April, only 49% of #Americans would stay at home if a lockdown was enacted. People are starting to figure out how thoughtless #Lockdowns are.

[Fun Economics @FunEconomics]

Why economics? The knowledge of basic #economics is essential for anyone who interacts with markets. In an era where having money is one of the prime determinants of the ability to make more of it, you better watch out and get your basics right. #EconTwitter

[David Macdonald @DavidMacCdn]

Dec job losses for low wage workers (<$17/hr) in today's @StatCan_eng data. It's going to be a long dark winter. Job recovery for top paid quartile seems locked in. Recovery for the middle has stagnated since October. @ccpa #canpoli https://t.co/dlcUba2oDk

[Fun Economics @FunEconomics]

Depression. A bad, depressingly prolonged #recession in #economicactivity. The textbook definition of a recession is two consecutive quarters of declining output. A slump is where output falls by at least 10%; a #depression is an even deeper and more prolonged slump. #Economics.

[Fun Economics @FunEconomics]

#Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that #economists are coming up with new shapes to describe the potential recovery. https://t.co/TZYtP6oiAy

[Fun Economics @FunEconomics]

#Depreciation. A fall in the value of an asset or a currency; the opposite of #appreciation. #Economics

[Fun Economics @FunEconomics]

#Appreciation. A rise in the value of an asset and the opposite of #depreciation. When the value of a currency rises relative to another, it appreciates. #Economics

[Bloomberg Economics @economics]

For some Americans, the $600 stimulus is extra cash they plan on putting into their Robinhood accounts https://t.co/m1ItBlIIAH

[Bloomberg Economics @economics]

The number of corporate bankruptcies in Germany experienced a “noticeable” increase compared with pre-pandemic levels at the end of last year, though not as bad as feared https://t.co/hzCznOhb9i

[Fun Economics @FunEconomics]

What is Deflation? When the overall price level decreases so that inflation rate becomes negative, it is called #deflation. It is the opposite of the often-encountered inflation. #economics

[Josh Mitchell @JMitchellWSJ]

Betsy DeVos resigned from President Trump’s cabinet, saying his rhetoric contributed to deadly mob attack on Capitol Hill https://t.co/yaWzRx6qd5 via @WSJ

[Fun Economics @FunEconomics]

While having a basic understanding of #EconomicTheory isn't perceived as being important, the forces that underpin the study of #economics impact every moment of our lives. Here are four key #EconomicConcepts that you need to know. https://t.co/8oE0EdGCYg

[Alex Guiden @AlexGuiden]

#Iraq, Struggling to Pay Debts and Salaries, Plunges Into Economic Crisis. ⁦(@nytimes⁩)

“Oil-rich Iraq, its economy hobbled by neglect and corruption, has devalued its currency and had its imported electricity cut off for nonpayment.”

#EconTwitter https://t.co/S8IRawj71H

[Fun Economics @FunEconomics]

#10PrinciplesofEconomics: Principle #10 Part-2: In order to achieve this, they need to hire more workers to produce those goods and services. More hiring means lower #unemployment while there is still #inflation. However, this is not the case in the long-run. #Economics

[Fun Economics @FunEconomics]

#10PrinciplesofEconomics: Principle #10 Part-1: Society Faces a Short-Run Tradeoff Between #Inflation and #Unemployment. In the short run, when prices increase, suppliers will want to increase their production of goods and services. #Economics