Fun facts
This country once experienced hyperinflation so extreme that people used banknotes as wallpaper and wheelbarrows to carry money.
Zimbabwe
How many sustainable development goals (SDGs) the UN has established?
17
In early 2025, the United States imposed 25% tariffs on goods from these two neighboring countries, citing concerns over border security and drug trafficking
Canada and Mexico
Which country has the third-largest economy?
Germany
What course is offer this summer?
Health Economics
In 2005, this tech company tried to create a virtual currency called "Flooz," but it flopped when criminals used it for fraud.
Amazon
What is approximately the percentage of women’s earnings compared to men’s in the U.S?
83%
How has the Federal Reserve been adjusting this key interest rate to control inflation?
With the federal funds rate
Which economic theory argues government intervention can help smooth economic cycles and combat recessions?
Keynesian economics
Which classes next Fall require the course of Research and Writing in Economics (Econ 395)
Labor and environmental economics
To encourage savings, this country created a lottery where people could win prizes just by putting money in the bank, which country was it?
What is the Great Resignation?
This economic phenomenon, seen during the pandemic, describes when workers voluntarily leave jobs at high rates due to burnout, low pay, or reassessing work-life balance.
Name the term describes the recent trend of companies shifting manufacturing from China to other countries like Vietnam and Mexico.
China + 1
This economic concept, seen in all-you-can-eat buffets, explains why people eat more when they’ve already paid.
Sunk cost fallacy
Is game theory being offer for Fall 2025?
This economic concept explains why people feel worse about losing $20 than they feel happy about finding $20.
Loss aversion
What is friendshoring?
Economic strategy that involves diversifying supply chains to multiple countries instead of relying on a single source, reducing geopolitical and economic risks.
The U.S. recently passed this major piece of legislation aimed at increasing semiconductor production domestically named ...
The CHIPS act
What is the diamond-water paradox?
Despite being necessary for survival, water is often cheao, while a luxury item like dimonds with little practical use can be extremely costly.
Which Econ class is not being offer next semester?
Econ 400: Honors Econometrics
This well-known fast-food chain once accepted payment in seashells at one of its locations as part of a marketing stunt.
What is the Carbon Border Adjustment Mechanism (CBAM)?
Is a policy tool, primarily implemented by the EU, designed to ensure that imported goods, particularly those from carbon-intensive industries, bear the same carbon costs as domestically produced goods, aiming to prevent "carbon leakage" and encourage global decarbonization
What country has been struggling with inflation rates above 100%, leading to economic instability and IMF intervention?
Argentina
This economic term describes a situation where no individual can be made better off without making someone else worse off
Pareto efficiency
Who won the James Doti Award for academic excellence last year?
Charles Dasko