Welcome to my blog about a variety of subjects from computer science and engineering to sports to economics.
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Introduction: Why Economic Theories Matter From the stimulus checks that arrived during the COVID-19 pandemic to the news reports on the Federal Reserve’s battle against inflation, the abstract world of economic theory has a profound and tangible impact on our…
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The Economic Pros and Cons of Minimum Wage Policies
Introduction Minimum wage laws set the lowest hourly rate employers are legally allowed to pay workers. First adopted in places like New Zealand in the 1890s and the U.S. in 1938, their goal was to prevent exploitatively low pay and…
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How AI Is Reshaping the Future of Work—And What You Can Do to Prepare
In the rapidly evolving landscape of the 21st century, artificial intelligence (AI) stands as a transformative force, reshaping industries, redefining job roles, and demanding a proactive approach to career development. Understanding AI’s multifaceted impact and strategically preparing for its integration…
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The Ultimate Guide to Market Structures: A Deep Dive into Competition, Power, and Strategy
Introduction: Decoding the Competitive Landscape In the world of economics and business, the concept of market structure is fundamental. It is the framework that describes how firms are organized and categorized based on the type of goods they sell and…
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Field of Schemes or Engines of Growth? A Definitive Economic Analysis of Professional Sports Stadiums
The Billion-Dollar Question: Are Pro Sports Stadiums a Winning Play for Cities? The modern professional sports stadium is often presented as more than a venue for athletic competition; it is framed as a civic monument, a powerful economic catalyst, and…
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Buckeyes vs. Longhorns: A 2025 Season Opener for the Ages
While college football has already kicked off for the 2025 season, the first marquee matchup that could fundamentally change the landscape of college football playoffs takes place in Columbus, Ohio between the Texas Longhorns and the Ohio State Buckeyes. A…
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Is Gaming a Relationship Red Flag? Let’s Break Down the Stereotypes
For many, video gaming is a beloved pastime, a way to relax, connect with friends, and explore imaginative worlds. Yet, in the realm of dating and general perception, it sometimes carries an unwarranted stigma, often labeled a “red flag.” Some…
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How to Build a Retrieval Augmented Generator (RAG) from Scratch
Retrieval Augmented Generation (RAG) is a powerful approach in AI that combines the strengths of large language models (LLMs) with external knowledge retrieval. By augmenting LLMs with external databases, documents, or APIs, RAG enables accurate and up-to-date information retrieval, dramatically…
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AI vs. Software Engineers: A Nuanced Look at the Future of Work
Recently, at the Pennsylvania Energy and Innovation Summit, Mike Rowe of “Dirty Jobs” fame says “We’ve been telling kids for 15 years to learn to code. Well, AI is coming for the coders. It’s not coming for the welders, the…
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Understanding Inflation: How Different Products Affect Our Perception of Price Increases
Understanding Inflation: How Different Products Affect Perception of Price Increases Inflation is the general increase in prices across an economy, resulting in decreased purchasing power of money. Purchasing power refers to the amount of goods or services that one unit…
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How to Build a Simple LLM-Powered App from Scratch
In recent years, Large Language Models (LLMs) like OpenAI’s GPT have transformed how developers create powerful, intelligent applications. If you’ve been wondering how you can build your own app powered by these cutting-edge technologies, this guide will walk you through…
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Comparative Advantage, Specialization, and Trade: The Foundations of Global Economics
When we discuss global trade and economic growth, concepts such as comparative advantage, specialization, and trade frequently emerge as central themes. Understanding these concepts is essential to appreciating how nations and individuals benefit from engaging with each other economically. What…
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The Great Shift: Where Did All the Jobs Go? A 20-Year Look at Industry Disruption
Remember the concept of a “job for life”? For our parents’ and grandparents’ generations, it was a tangible reality. You started at a company, learned the trade, and retired 40 years later with a pension and a gold watch. Today,…
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Real-World Budgeting: Case Study Insights to Boost Your Savings
Understanding where your money goes is the first step toward financial freedom. In this case study, we’ll walk through three months of real-world transactions, highlight key insights, and offer actionable strategies to improve your budget without feeling deprived. Historical Budget…
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Roth IRA Calculator
Here is a simple Roth IRA Growth Calculator I built using AI. I used the prompt: “Build an app that calculates long term growth of a Roth IRA based on a given interest rate (average return), time length in years,…
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Will AI Destroy Jobs or Redefine Them? An Economic Perspective
As artificial intelligence (AI) increasingly integrates into every aspect of modern life, one pressing question emerges: Will AI eliminate jobs or simply redefine them? From an economic viewpoint, the answer may be more nuanced than it initially appears. Understanding the…
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Unlocking the Hidden Value: Understanding Producer and Consumer Surplus
Ever wondered what makes a great deal feel so good? Or how businesses profit while still delivering value to their customers? The answers lie in two fundamental economic concepts: consumer surplus and producer surplus. These ideas help us understand the…
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Navigating Your Wants and Needs: Understanding Utility Maximization and How Prices & Income Shape Your Choices
Ever wonder why you buy what you buy? Or how a sale on your favorite item, or a sudden raise at work, changes your shopping habits? It all boils down to fundamental economic principles: utility maximization and the interplay of…
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Price Elasticity
Price elasticity refers to the measure of how much the quantity demanded or supplied of a good changes in response to a change in its price. The formula for the price elasticity of demand is below. price elasticity quantity of the…