Heard anything interesting about Economics lately? Want to see how much of real-life our models truly explain? Eager to challenge me to explain what is going on in the world? Here's the place for YOU!!!! Hang on tight Micro and Macro fans, here comes Professor Provencher!

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Mathieu Provencher
  • Oct 23, 2017

Airlines and scandals: a robust demand

(picture from Wix's library) Hello everyone! This month’s article relates to unit 3 of Microeconomics: Elasticities. You can find the course here: https://www.udemy.com/principles-of-microeconomics-complete-course/ You may have heard of Ryanair’s scandal last month. The company was forced to cancel a significant amount of flights because of a lack of availability of their pilots. The reason why they did not have enough pilots is a matter of debate but the impact on the medium

Mathieu Provencher
  • Sep 27, 2013

Horse-beef meat... what happened?

We are now eight months after the horse-meat scandal that hit Europe and no individual has yet been prosecuted or arrested... Remember that firms were selling cheaper "beef" by mixing it with horse meat. I have two questions for you guys: (1) why was horse meat so cheap compared to beef (and where did it come from); (2) where these firms engaging in price discrimination or in product discrimination? Horse came from Ireland because it was much cheaper than beef, and why was th

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