About Economics: The Next Fed Chair, Modern Monetary Theory, & More

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Economics Economics Microeconomics Macroeconomics Other Topics From Jodi Beggs, your Guide to Economics Hi all, This week, I'm bringing you a mix of current events- some updates on the changing of the guard at the Federal Reserve and some information on Modern Monetary Theory- and background articles on the time horizons that economists consider as well as a way to measure leverage from the scale of production. Have fun! Cheers, Jodi Join the Facebook Page Follow Me on Twitter Handicapping the Race for the Next Fed Chair... I've written before about the list of probable candidates to succeed Ben Bernanke as the next chair of the U.S. Federal Reserve. Read More So What Is Modern Monetary Theory, Anyway? If you follow economics conversations on television, in the newspaper (read, online), or in the blogosphere, you've probably come across the term "modern monetary theory" at some point. Read More The Short Run Versus The Long Run In economics, it's extremely important to understand the distinction between the short run and the long run. Read More Search Related Topics:  perfect competition  profit maximization  Returns to Scale In the short run, a firm's growth potential is usually characterized by the firm's marginal product of labor, i.e. the additional output that a firm can generate when one more unit of labor is added. Read More Search Related Topics:  production  costs of production  Related Searches Economics Fed Law and Economics Modern Chair Macro Economics Book Featured Articles More from About.com Run Your First 5K Even couch potatoes can be ready for a 5K with just a couple months of training. Read more...> Help! I'm Too Busy Time and stress management tips to help you feel as though you have more time. Read more...> This newsletter is written by: Jodi Beggs Economics Guide Email Me | My Blog | My Forum Sign up for more free newsletters on your favorite topics You are receiving this newsletter because you subscribed to the About.com Economics newsletter. If you wish to change your email address or unsubscribe, please click here. About.com respects your privacy: Our Privacy Policy Contact Information: 1500 Broadway, 6th Floor New York, NY, 10036 © 2013 About.com Must Reads Using Economics at About.com What Is Economics? Microeconomics vs. Macroeconomics Economics as the "Dismal Science?" The Circular-Flow Model of the Economy Follow me on: Advertisement