Expectations are one of the most important factors in macroeconomics. When central banks make decisions like increasing the interest rate or starting a QE program, …
Great Expectations: A tale of Economics and self-improvement
Creative Destruction within yourself
Every economist knows (or should know *insert disapproval face here*) the meaning of those two words: creative destruction, a very interesting concept first coined by …
Behavioural economics was right: The Sunk Cost Fallacy
Behavioural economics is the branch of economics that studies the effects of our emotions, cultural influences and many other things ultimately related to our psyche …
Understanding Risk for better decision making: creating our own Sharpe Ratios
Decisions are something we have to be aware of and make every single day of our lives. Whether they are small, seemingly unimportant decisions like …
The Macroeconomics Series (IV): Is unemployment really unavoidable?
Welcome back to the Macroeconomics Series! In this article, we are going to take a look at the last “big” concept that economists work with …
The Macroeconomics series (III): Inflation is not a monster
In our last article, we talked about inflation, economic growth and how output changes over time. We finished the article by saying that “inflation is …
The Macroeconomics Series (II): Inflation and growth
Our first article in this series on macroeconomics covered GDP (Gross Domestic Product). We made a distinction between nominal GDP and real GDP based on …
The Macroeconomics Series (I): Real GDP matters
Big figures sound scary. Our governments spend billions of euros/dollars/you name it every year in lots of different things. You might even know a few …
Work less, work Economic!
Have you ever wondered why your shifts look like they’re never going to end? Why your boss wants you to stay for a full 8 …
Who is The Economic Man?
As you may have noticed, the title of this website is “The Economic Man”, and its purpose is to help everyone become the best version …