Can studying economics help with the running of a small business?

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Abbreviated Question: 
Can studying economics help with the running of a small business?
Answer: 

Small business owners who most effectively use economics knowledge to the advantage of their business do so through the lens of unit economics. What are the per-unit expenses of the business and how do those expenses compare to revenues per unit. Small business owners who have a working understanding of unit economics are better able to assess opportunities, identify problems and deal with changes that inevitably occur through time.

Do students do better at elite schools?

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Do students do better at elite schools?
Answer: 

John Green, Nicole Swepson, and I recently completed a paper, College Quality as Revealed by Willingness-to-Pay for College Graduates, that addresses this question.  First, we examined the correlation between traditional measures of college quality such as those developed by Forbes or U.S.

Hunter Crawford

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Responding with leadership, service

Hunter Crawford was enthralled with listening to his police scanner on his family’s farm in Clarinda, Iowa. He’d received it when he was eight years old from a family friend who was a paramedic.

Josh Kettelkamp

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Josh Kettelkamp graduated Summa Cum Laude from Iowa State University in May of 2019 with a degree in Economics.

What does a typical day on the job look like for an economist?

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What does a typical day on the job look like for an economist?
Answer: 

You can do a lot of different things with an economics degree so it's a bit of a tough question to answer. Of course, one thing you can do is be an economist. The Bureau of Labor Statistics has an overview of what that kind of position entails here: https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm. But just as people with psychology degrees do a lot more than just become psychologists, economics majors can do a lot more than be economists.

Scott and Eric Henry

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Business Built to Last, Longview Farms, Nevada Iowa
Intentional decisions help Iowa family take the long view.

Growth doesn’t happen by chance. In business, it is caused by the right forces working together. Or, in the case of LongView Farms — the right people working together.

James Chism

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Name: James Chism
Major: Agricultural Business, Pre-Law
Year: Senior
Hometown/State: Huxley, IA
Company/Organization: Corteva Agriscience
Title: Crop Protection Marketing Intern
Location: Johnston, IA

Does Wal-Mart have pricing power?

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Does Wal-Mart have pricing power?
Answer: 

A seller has market power if it is able to PROFITABLY price higher than the competitive price because it has a downward sloping demand curve and sets its output where marginal revenue equals marginal cost but sets its price above its marginal cost. In a purely competitive market, firms cannot do this because a firm in such a market is a price taker: it faces a horizontal (flat) demand curve where price must equal marginal cost. Ugh, econ speak.  

Kevin and Patricia Kimle

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April 2022:

Kimle lauded for entrepreneurial efforts at Iowa State

He is considered a pioneer of entrepreneurship at Iowa State. Over the past decade, he has successfully grown an innovative program that prepares the next generation of agricultural entrepreneurs.

Miranda Tze

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What is your internship position title, company and location?

I'm an undergraduate research assistant for the Greenlee School of Journalism, working with Dr. Dara Wald on science communication. 

Describe your position & duties:

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