https://www.econoscope.space/microeconomics daily 0.75 2025-10-17 https://www.econoscope.space/microeconomics/do-you-really-need-snapchat monthly 0.5 2025-10-08 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/4587edfe-d696-49df-95f4-bf06d48cbbfa/Screen+Shot+2025-10-09+at+01.35.19.png Microeconomics - Do You Really Need Snapchat+? - Imagine a movie theater raises ticket prices by 10%. As a result, 10% fewer people attend. The extra money per ticket is exactly canceled out by the loss in audience size, so the theater’s total revenue stays the same. Therefore, unit elastic demand is when percentage change in demand equals percentage change in price. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/ba6c4bb6-f049-4d7e-817a-4c070210dabb/Screen+Shot+2025-10-09+at+01.17.14.png Microeconomics - Do You Really Need Snapchat+? - For example, if the price of Snapchat+ subscriptions increases by 10% and sales drop by 20%, the PED is: https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/e07e1305-12f3-49f9-a2b1-12c5f2306b54/Screen+Shot+2025-10-09+at+01.37.01.png Microeconomics - Do You Really Need Snapchat+? - Imagine a farmer selling wheat in a big market. The market price is exactly $2 per kilo. If the farmer charges even $2.01, it is likely that consumers will switch to another seller because dozens of other sellers are offering the same wheat at $2. Why pay the extra money? The second they go above the going rate, demand drops to zero. Thus, perfectly inelastic is when buyers are infinitely responsive to price. Sellers must accept the market price–any higher and demand vanishes. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/b3eaf688-88c1-4c73-880b-685a30377db3/Screen+Shot+2025-10-09+at+01.36.49.png Microeconomics - Do You Really Need Snapchat+? - For something like insulin, no matter the price increase–from $50 to $500–patients still need it to survive, so demand doesn’t change at all. This doesn’t only go for insulin, but any other life saving medication. Thus, perfectly inelastic demand is completely unresponsive to price. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759948804254-GHUTHMZLFR3A7PRKTY7B/unsplash-image-PQXlYuQeX4c.jpg Microeconomics - Do You Really Need Snapchat+? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/365c739e-d455-4d2a-8be2-e98dc868da17/Screen+Shot+2025-10-09+at+01.32.03.png Microeconomics - Do You Really Need Snapchat+? - If Snapchat raises its subscription from $3.99 to $15.99, tons of people unsubscribe because Snapchat+ is simply a luxury, not a necessity. The percentage drop in subscribers is larger than the percentage increase in price. Therefore, the quantity demanded is relatively responsive to price. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/d0b5294d-188a-452a-9b6e-5ae6943eaf8d/Screen+Shot+2025-10-09+at+01.29.40.png Microeconomics - Do You Really Need Snapchat+? - Think bottled water. If the price goes from $1.00 to $1.50, people still buy nearly the same amount because water is a basic necessity. The change in price hardly changes the quantity demanded. Therefore, inelastic demand refers to quantity demanded being relatively unresponsive to price https://www.econoscope.space/microeconomics/do-we-really-only-care-about-ourselves monthly 0.5 2025-10-17 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759038303187-YWDU9P26MR2DQDA9TX48/unsplash-image-0xfJAe8xme8.jpg Microeconomics - Do We Really Only Care About Ourselves? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/microeconomics/why-do-economies-look-so-different-xj2ry monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759037741948-G5QVC4YPI4YJEDLUNX2K/unsplash-image-B5PEk4W3pBw.jpg Microeconomics - Why Do Economies Look So Different? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/microeconomics/blog-post-title-one-hgmwm monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/fb94735d-e373-4089-8e6e-1a571a138660/Screen+Shot+2025-05-14+at+21.52.52.png Microeconomics - The Tug-of-War That Runs the World: Supply and Demand - Imagine you open a lemonade stall at JIS. On the first day, you sell lemonade for IDR 10,000 per cup. You bring 10 lemonade cups, and they’re gone in 10 minutes: everyone wants one! That’s high demand. Figure 1: Law of Demand https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/fda92948-764b-41a1-abf6-12b2100d7449/Screen+Shot+2025-05-14+at+21.54.52.png Microeconomics - The Tug-of-War That Runs the World: Supply and Demand - These two ideas are in a perpetual state of tug-of-war. They always push and pull until they meet at one point, which we call equilibrium (the price at which quantity supplied equals quantity demanded). Now, say there is a new trend–Prime is THE new refreshing drink—and suddenly, your poor lemonade has been forgotten about. Suddenly, the demands for your product shift, moving downwards, thus decreasing. Figure 2: Supply and Demand https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/6f09d2ae-8d73-49a2-bb82-d700e9429ddf/Screen+Shot+2025-05-14+at+21.57.09.png Microeconomics - The Tug-of-War That Runs the World: Supply and Demand - Make it stand out Figure 3: Shifts of the Supply and Demand Curve https://www.econoscope.space/microeconomics/blog-post-title-two-sszkj monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/50f9d62f-e8b2-4f85-a06c-8f59cf68ea5f/Screen+Shot+2025-05-14+at+22.21.19.png Microeconomics - Why More Isn’t Always Better Figure 1: Table of Satisfaction https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747840406049-BMDCHZAH20PCWI82Q6F5/unsplash-image-peFEjuzDfQA.jpg Microeconomics - Why More Isn’t Always Better - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/macroeconomics daily 0.75 2025-10-08 https://www.econoscope.space/macroeconomics/a-beginners-guide-to-monetary-policy monthly 0.5 2025-10-08 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759945518008-2M1ID7BRC2BG9QT169KS/unsplash-image-AOjmfr3ofSY.jpg Macroeconomics - A Beginner's Guide to Monetary Policy - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/macroeconomics/a-beginners-guide-to-foreign-exchange monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759038482948-86ZUTZ0K429TI3YL0UIO/unsplash-image-s6pKmNcqov0.jpg Macroeconomics - A Beginner’s Guide to Foreign Exchange - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/macroeconomics/blog-post-title-one-95cb9 monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747840594551-ED3K6X8BRLLE0A012CPP/unsplash-image-XrIfY_4cK1w.jpg Macroeconomics - GDP: The Health Diagnosis of Economies  - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/macroeconomics/blog-post-title-two-t7ppc monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747840661304-Y7M02JOD909MJHSLFZ5P/unsplash-image-untSDM2Hihg.jpg Macroeconomics - The Economic See-saw of Inflation and Unemployment - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/business daily 0.75 2025-10-08 https://www.econoscope.space/business/apples-balancing-act-of-business-goals monthly 0.5 2025-10-08 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759945334011-U35HTCT1TA3EFPKI9NXI/unsplash-image-VkfhJLz5SMQ.jpg Business - Apple’s Balancing Act of Business Goals - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/business/michael-scotts-guide-to-business-structures monthly 0.5 2025-10-08 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/5c188bd4-3637-486f-b920-3462fd924440/Screen+Shot+2025-09-28+at+12.15.53.png Business - Michael Scott’s Guide to Business Structures - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/business/blog-post-title-one-98zn3 monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/17793697-0715-47f3-a5ed-2021e73582b5/Screenshot+2025-05-16+at+11.10.59.png Business - Lemons to Legacy: How Big Ideas Start Small - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/business/blog-post-title-two-bmrfj monthly 0.5 2025-05-23 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747841054785-KF6I8EQU207X6KL6HIT6/unsplash-image-fCKz9C_Tm9Y.jpg Business - Sour Truths Behind Sweet Dreams - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/global-economy daily 0.75 2025-10-08 https://www.econoscope.space/global-economy/add-to-cart-add-to-chaos monthly 0.5 2025-10-08 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759948996643-S3L1AG3LIZTYD8VW0LQ9/unsplash-image-cE8cwN2A2-c.jpg Global Economy - Add to Cart, Add to Chaos - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/global-economy/thats-for-future-me-to-figure-out monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759043521334-XPIQ2AR0NCUBK3EBJCH7/unsplash-image-ShB9pI4mpRg.jpg Global Economy - “That’s for future me to figure out” - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/global-economy/watts-up-evs-are-up monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759040308598-U9SG8VW89KLFTQ5ZSCDU/unsplash-image-ZyBNyj1ryyw.jpg Global Economy - Watts up? EVs are up! - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/global-economy/blog-post-title-one-5kb44 monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747837565548-5CRLOSL3E2CLIBK8W1R9/global+1.jpg Global Economy - “I’m Lovin’ It”... Inflation Isn’t - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/global-economy/blog-post-title-two-zelx4 monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747837866705-MT7GYLLRS3Y6RL9FK54E/unsplash-image-rfUl0Lfyays.jpg Global Economy - Cryptocurrency: This Isn’t Just a Dog Coin Thing - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/stocks-investments daily 0.75 2025-09-28 https://www.econoscope.space/stocks-investments/the-hype-of-ipo monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759044262496-4XRG0BVDVMUTZB6MNAVC/unsplash-image-VsPGJqafmTk.jpg Stocks & Investments - The Hype of IPO - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/stocks-investments/investing-with-allowance-money monthly 0.5 2025-09-28 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1759043822430-BEETEWUQPM7ECX0Q8L94/unsplash-image-lVFoIi3SJq8.jpg Stocks & Investments - Investing with Allowance Money - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/stocks-investments/blog-post-title-one-mtba7 monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/c8b29ff1-2bc9-43c0-9661-b963e6d27d76/Screen+Shot+2025-05-21+at+21.44.53.png Stocks & Investments - Different Ways to Invest in the Stock Market - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747838170946-87LYA2B6KMF8EW6YOOE5/stock%261+1.jpg Stocks & Investments - Different Ways to Invest in the Stock Market - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/stocks-investments/blog-post-title-two-nkxrf monthly 0.5 2025-05-21 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1747839105935-3OQZLQQ41EL03LU8IDWA/stock+and+I+2.jpg Stocks & Investments - How Trump's New Tariffs Are Shaking Up the Stock Market - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/opinions daily 0.75 2025-12-18 https://www.econoscope.space/opinions/so-is-ai-stealing-our-jobs monthly 0.5 2025-12-18 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/b1f550eb-a4f6-4a9c-bf73-4412963e7cc0/Screen+Shot+2025-12-18+at+23.27.02.png Opinions - So, is AI stealing our jobs? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.econoscope.space/opinions/blog-post-title-one-b9d9n monthly 0.5 2025-12-18 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/1766073190717-WUKHB7CJABI3CZGKPICP/unsplash-image-5h_dMuX_7RE.jpg Opinions - Are China’s Falling Prices a Problem or Just an Inconvenient Story? - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/e9cf02a3-cfed-4431-99cd-faeb57864c65/Screen+Shot+2025-12-04+at+01.33.03.png Opinions - Are China’s Falling Prices a Problem or Just an Inconvenient Story? - Perfect competition has three main characteristics: There are a very large number of firms in the industry (check, whether that be for Solar Panels or EVs) All firms sell homogeneous products (check, solar panels are indeed very similar to each other) There are no barriers to entry (half-check…there are some, but with the scale at which prices across industries are falling, it is likely that some fit this criterion.) https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/7e6a96aa-3752-4be9-8166-312ab74d8161/Screen+Shot+2025-12-04+at+01.34.16.png Opinions - Are China’s Falling Prices a Problem or Just an Inconvenient Story? - And, just as the video implies, we benefit from the optimal consumer surplus and social surplus. Prices are settled at the equilibrium level (Pe), and the quantity supplied is also at the social optimum (Qe). Overall, both theory and intuition seem to suggest that what China is going through is positive! https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/f89f2d49-ad1e-4fb3-a8b4-f190a73e01b1/Screen+Shot+2025-12-18+at+22.30.14.png Opinions - Are China’s Falling Prices a Problem or Just an Inconvenient Story? - However, without considering contextual knowledge of what has happened or is currently happening in the Chinese economy, this graph is worse than useless; it is misleading, and I would argue intentionally slow. China’s growth was at an all-time high after a period of reform to a more capitalistic market structure following the 1990s, growth which continued well into the 2000s (and growth which is mirrored by wage growth in the graph), so of course, the numbers are bound to be ridiculously high. I mean, could you imagine a 15% increase in your wages every year? Never mind that, it is also unreasonable to expect that such wage growth at such a level in the 2000s would continue. https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/8a218b00-76c0-451e-8ffb-584b59416f2a/chinna+piccccc.jpg Opinions - Are China’s Falling Prices a Problem or Just an Inconvenient Story? - I mean, Shanghai went from this… Shanghai, 1996 (Source) To this… Shanghai, 2017 (same source as above). https://www.econoscope.space/opinions/blog-post-title-two-e23jn monthly 0.5 2025-12-18 https://images.squarespace-cdn.com/content/v1/682495fd183e9c7823d0f5c2/07275e26-36c0-40e9-bf4b-b70320962e4c/Screen+Shot+2025-12-18+at+23.07.26.png Opinions - Why Being a Woman Is Simply More Expensive - It’s 6 AM, I’m out on a run and realise I’m missing deodorant. I swing into the corner shop, head toward the self‑care shelf, and there it is: a 50ml roll‑on labelled “Woman – Soft” in pink, priced at $5.99. Beside it, a 75ml blue one, labelled “Men – Extra  Dry,” is also $5.99. The men’s version gives me 15 ml extra for the same price. On the next shelf, a similar story unfolds: men’s shampoo (400 ml) is $5.99, while the women’s bottle (325 ml) is $7.00; a 120 g men’s soap is $1.50, and the 100 g women’s bar is $2.50. 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