Do unions raise wages?

Note: This is post #59 in a weekly video series on basic microeconomics. Do unions raise wages for workers as a whole? If not, can unions raise the wages of some workers? Continue Reading...

The marginal product of labor

Note: This is post #54 in a weekly video series on basic microeconomics. How are wages determined? Why do most Americans earn so much by global standards? What exactly is meant by ‘human capital’? Continue Reading...

Does tying benefit social welfare?

Note: This is post #52 in a weekly video series on basic microeconomics. What is tying and how is this a form of price discrimination? An example of a tied good is an HP printer and the HP ink you need for that printer. Continue Reading...