Market applications

aje on December 2, 2022

I use this as a follow up exercise:

Group activity: Market Applications Assignment, December 2022 and complete this Market Applications Form

Instructor resource: Market Applications Solutions, December 2022

This topic is all about how market exchange generates prices, which can be used for information purposes. Some of my favourite examples of using price data to tell a story are the two charts below:

The rise of Netflix mirrors the decline of Blockbuster

The share prices of Delta airlines and Zoom diverged on the day that the successful Pfizer vaccine trials were announced

Here’s an excellent video on the role of prices:

A good resource on price gouging is Mike Munger’s interview with Russ Roberts, on EconTalk (Jan 8th, 2007).

Category: course map