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Plain Economics Made Simple

Weekly plain language lessons to help you navigate a shifting economy

Founder Econ Mike

The Art of the Trade-Off: Understanding the Indifference Curve 🍕🌮

Apr 25, 2026

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2 min read

The Art of the Trade-Off: Understanding the Indifference Curve 🍕🌮

Learn how the Indifference Curve explains the way we make trade-offs every single day to balance a budget with personal happiness.

Econ Mike

Master the Superpower of Comparative Advantage 🚀

Apr 21, 2026

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3 min read

Master the Superpower of Comparative Advantage 🚀

Discover how Comparative Advantage helps you focus on your strengths to win. Learn why doing what you do best helps everyone get more done.

Econ Mike

The Law of Supply: Why Higher Prices Make People Work Harder 🍕

Apr 11, 2026

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6 min read

The Law of Supply: Why Higher Prices Make People Work Harder 🍕

Learn how the Law of Supply works using a simple pizza analogy. Discover why prices change and how it impacts your wallet and career.

Econ Mike

The Law of Demand Explained: The Pizza Party Rule 🍕

Apr 7, 2026

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5 min read

The Law of Demand Explained: The Pizza Party Rule 🍕

Understand the Law of Demand with a jargon-free guide. Learn how prices influence your shopping habits and how to use market forces to your advantage.

Econ Mike

Why Can't I Just Get an Honest Quote? The Principal-Agent Problem Explained 🚗💡

Mar 28, 2026

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6 min read

Why Can't I Just Get an Honest Quote? The Principal-Agent Problem Explained 🚗💡

Learn what the principal-agent problem is, how it affects your money, and simple ways to protect yourself when hiring experts. No financial jargon!

Econ Mike

The Used Car Dilemma: Asymmetric Information Explained 💡

Mar 26, 2026

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6 min read

The Used Car Dilemma: Asymmetric Information Explained 💡

Discover what asymmetric information is, how the concept affects your wallet, and how you can protect yourself when buying a car, getting insurance, or investing.

Econ Mike

What Are Externalities? The Ripple Effects of Money Explained 🌊

Mar 24, 2026

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6 min read

What Are Externalities? The Ripple Effects of Money Explained 🌊

Discover what externalities are and how hidden costs or benefits affect your wallet. Learn about positive and negative side effects in our simple guide.

Econ Mike

Public Goods Explained: The Streetlight Effect 💡

Mar 21, 2026

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6 min read

Public Goods Explained: The Streetlight Effect 💡

Discover what public goods are, how they work, and why things like streetlights and clean air matter to your everyday life and your wallet.

Econ Mike

The Indifference Curve: Finding Your "Sweet Spot" for Happiness ⚖️

Mar 17, 2026

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5 min read

The Indifference Curve: Finding Your "Sweet Spot" for Happiness ⚖️

What is an Indifference Curve? A Beginner's Guide to Better Choices

Econ Mike

Marginal Cost Explained: The "Just One More" Rule 🍕

Mar 14, 2026

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6 min read

Marginal Cost Explained: The "Just One More" Rule 🍕

Learn the "just one more" rule of economics. Discover what marginal cost is and how it helps you make smarter decisions in business and life.

Econ Mike

Why You Shouldn't Do It All: Comparative Advantage Explained 🧑‍🍳

Mar 10, 2026

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6 min read

Why You Shouldn't Do It All: Comparative Advantage Explained 🧑‍🍳

The Trap of Trying to Do Everything

Econ Mike

How Do Tariffs Work? The "Cover Charge" at the Global Trade Club 🚪

Mar 5, 2026

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6 min read

How Do Tariffs Work? The "Cover Charge" at the Global Trade Club 🚪

Wondering what a tariff is and how it affects your wallet? Learn how these taxes on imported goods impact everyday prices, jobs, and the economy in simple terms.

Econ Mike

How Does the Labor Market Work? The Giant Skills Supermarket Explained 🛒

Feb 28, 2026

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6 min read

How Does the Labor Market Work? The Giant Skills Supermarket Explained 🛒

Wondering how the labor market impacts your career, salary, and wallet? This beginner-friendly guide explains job markets, unemployment, and why it matters.

Econ Mike

The Economy’s Price Tag: What "Price Level" Actually Means for Your Wallet 🏷️

Feb 10, 2026

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4 min read

The Economy’s Price Tag: What "Price Level" Actually Means for Your Wallet 🏷️

Your Wallet's Hidden Enemy Explained!

Econ Mike

Feb 7, 2026

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7 min read

What Is Supply and Demand?

Why do prices go up and down? Learn the basics of supply and demand in plain English. Discover how this rule affects your savings, salary, and shopping.

Econ Mike

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