Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Your phone case may be hurting your image at work [Business Insider | Archive]
Poland lost $424 million trying to buy Venezuelan oil with crypto [Yahoo! Finance]
Singapore is paying its people to read [CNN]
Costco has hiked the price of its private label motor oil and capped the amount that customers may buy [Associated Press]
DraftKings allegedly used AI to identify gamblers that were likeliest to lose and then served them with additional promotions and bonuses [The New York Times]
Diesel just hit a record $6 a gallon after a drone strike hit a key Saudi pipeline, but the price hike is only half the story. Economists have a name for why pump prices shoot up in days but crawl back down over weeks, and this week’s piece breaks down what to expect (and why) as the crisis eases.
Oil and Gas Prices Move Together Like Rockets and Feathers
If you’ve got a long commute to school or work, the past few months have been a real challenge. Fuel prices have surged globally, while actual rockets continue to fly over the Middle East. Just last week, a drone strike hit Saudi Arabia’s East-West oil pipeline
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