Great Expectations – A tale of Economics and self-improvement

Expectations are one of the most important factors in modern macroeconomics. When central banks make decisions like increasing the interest rate or starting a QE program, those changes do have an impact on the economy, but the effects of those decisions trigger a lot of expectations. Economic agents have to work with the current indicators and their expectations for the future… And so should you! Continue reading “Great Expectations – A tale of Economics and self-improvement”

The Pareto Principle – why you shouldn’t focus on everything

I am sure you have heard the words “Pareto Principle” or “80/20 rule” at least once in your life. They are everywhere: productivity, business, how-to-do-more-this-year-100%-real videos… But do you really know what the Pareto Principle is and how it affects your life? What’s more, do you know how to take advantage of this great economic observation in your decisions? Continue reading “The Pareto Principle – why you shouldn’t focus on everything”

“Work less, work Economic!” (because “marginal product of labor” sounded too boring)

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 hours (or more!) when you can barely remember your name by 1pm? Good news is we can fix this problem. Bad news is… well, your boss probably won’t like it and will surely think this is crazy. Continue reading ““Work less, work Economic!” (because “marginal product of labor” sounded too boring)”