Surge Pricing Comes To The Restaurant Industry

An elite London restaurant is experimenting with surge pricing wrote Richard Vines: The Bob Bob Rica

People Are Using Ubers Instead Of Ambulances

Brad Jones wrote about an unexpected healthcare cost reduction method: Getting into an ambulance can

Why Have A President When You Can Have A Monarch?

Leslie Wayne wrote about today’s monarchists: The International Monarchist League argues that

 

Misprinted Stamps

April 19, 2011 in Daily Bulletin

The United States Postal Service has a history of misprinting stamps. Their approach to solving these problems has changed over the years. After their most recent mistake on millions of dollars worth of Lady Liberty stamps, what will the US Postal Service do this time? Find out more after the break. Read the rest of this entry →

A Look at Health Care Costs

April 18, 2011 in Daily Bulletin

Stephen Dubner reviews a new economics article on health care costs. In it, he sums up the relation between costs and benefits. Are the benefits we’re receiving from our health care outweighing the costs? Find out more after the break. Read the rest of this entry →

The Economics of College Sex

April 17, 2011 in Daily Bulletin

Slate Magazine took a look at “Sexonomics” and what it says about the supply, demand, and price of teenaged sex. Find out more after the break. Read the rest of this entry →

How Budget Airlines Do It

April 17, 2011 in Daily Bulletin

Ever wondered how budget airlines can be so cheap? 5W Graphics produced an infographic examining the differences. Find out more after the break. Read the rest of this entry →

The Mathematics Behind Pringles

April 16, 2011 in Daily Bulletin

NBC Nightly News examined the history behind the $1.5 billion sale of Pringles, and the connection between the famed chip and Einstein. Watch the video over here:

Via: Freakonomics Blog

Source: NBC

Student Senate Allocation Decisions 2011-2012 Part 1

April 16, 2011 in Snips

(This is part 1. Read part 2 over here)Student Senate receives almost half a million dollars a year from the university to be allocated towards the funding of student clubs and organizations on campus. Clubs are divided into two categories: twelve major clubs and over a hundred minor clubs.
Centives decided to use data published by student senate over here (pdf warning) to analyze senate’s funding decisions for the year 2011-2012. Read the rest of this entry →

Hello World!

April 16, 2011 in Daily Bulletin

Welcome to Centives. An blog focused on using economics to understand the Lehigh Community as well as to provide links to the latest news and interesting developments in the field of economics.

The Fastest Growing Career Paths

in Daily Bulletin


The New York Times reported on the Bureau of Labor Statistics’ list of the fastest-growing occupations. There’ll be more than a million new jobs in these fields by 2018:

  • Biomedical Engineer (72%)*
  • Network Systems and Data Communications Analyst (53%)
  • Home Health Aide (50%)
  • Personal and Home Care Aide (46%)
  • Financial Examiner (41%)
  • Medical Scientist (40%)
  • Physician Assistant (39%)
  • Skin Care Specialist (38%)
  • Biochemist and Biophysicist (37%)
  • Athletic Trainer (37%)

* % indicates the increase in number of jobs in that field by 2018

The New York Times notes that the majority of these jobs are related to healthcare. Read the full article to find out the average salary for each of these career paths as well as details about why the field is growing and what types of skills you need to enter it.

Source: New York Times

The Fastest Growing Career Paths

in Daily Bulletin


The New York Times reported on the Bureau of Labor Statistics’ list of the fastest-growing occupations. There’ll be more than a million new jobs in these fields by 2018:

  • Biomedical Engineer (72%)*
  • Network Systems and Data Communications Analyst (53%)
  • Home Health Aide (50%)
  • Personal and Home Care Aide (46%)
  • Financial Examiner (41%)
  • Medical Scientist (40%)
  • Physician Assistant (39%)
  • Skin Care Specialist (38%)
  • Biochemist and Biophysicist (37%)
  • Athletic Trainer (37%)

* % indicates the increase in number of jobs in that field by 2018

The New York Times notes that the majority of these jobs are related to healthcare. Read the full article to find out the average salary for each of these career paths as well as details about why the field is growing and what types of skills you need to enter it.

Source: New York Times