EYE- OPENER OF THE WEEK: The only one who makes no mistakes is one who never does anything. Theodore Rossevelt
CLASS ONE: we will discuss chapter 29. HOMEWORK: read chapter 31, not 30, up to “U.S. Government Deficits and Debt: the Historic Record.”
CLASS TWO: we will discuss the reading. HOMEWORK: finish the chapter.
CLASS THREE: we will discuss the reading.
CLASS FOUR: current events day.
Posted on May 4th, 2008 by cjanus
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THE EYE-OPENER OF THE WEEK: Ready money is Aladdin’s lamp. Lord Byron
CLASS ONE: QUIZ on chapter 27 and “Sick Around the World.” HOMEWORK: read chapter 28 in Monetary Policy up to “Monetary Policy in the AS/AD Model.”
CLASS TWO: we will discuss the reading. HOMEWORK: finish chapter 28.
CLASS THREE: we will discuss the reading. HOMEWORK: read chapter 29 up to “Demand-Pull and Cost-Push Inflation.”
CLASS FOUR: we will discuss the reading. HOMEWORK: finish chapter 29.
Posted on April 27th, 2008 by cjanus
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CHAPTER 27
1. What is the financial sector?
2. Explain the role of price and interest rates in the real and financial sectors.
3. Using the concepts of interest rates and inflation, explain how the housing bubble started in the earlier part of this century.
4. How does inflation affect the functions of money?
5. How do banks create money?
6. Be able to use the simple money multiplier.
7. Be able to use the real world money multiplier.
“SICK AROUND THE WORLD.”
1. What percentage of GDP do each of the countries examined pay for health care?
2. Explain the key characteristics of each of the four models and which country goes with which model.
Posted on April 24th, 2008 by cjanus
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‘Here’s the link to the documentary that you will be quizzed on this Monday.
URL: http://www.pbs.org/wgbh/pages/frontline/sickaroundtheworld/view/main.html
Posted on April 21st, 2008 by cjanus
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THE EYE-OPENER OF THE WEEK: chance is perhaps a pseudonym of God when he did not want to sign. Anatole France
KEY DATE:
1. During the first class period of next week, we will have a quiz on the film, Sick Around the World and chapter 27. The questions on the chapter will NOT be based on the test bank.
CLASS ONE: we will watch a film on Frontline called Sick around the World.
CLASS TWO: we will watch the second half of Sick around the World. HOMEWORK: read the first half of chapter 27.
CLASS THREE: we will discuss the first half of the chapter on banking. HOMEWORK: finish the chapter.
CLASS FOUR: we will discuss the remainder of chapter 27. HOMEWORK: prepare for a quiz based on Sick around the World and chapter 27. The questions on chapter 27 will not be based on the test bank.
Posted on April 20th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: when love and skill work together expect a masterpiece. John Ruskin
KEY DATE:
1. During the third class period of the week, we will have a quiz on the multiplier chapter. This quiz will NOT be based on the test bank questions but will consist of questions of what I deem to be important in the chapter. In the first part of the chapter you will want to know the difference between the AS/AD and the Multiplier Model, what the latter model is designed to explain, be able to articulate the shape of the Aggregate Production curve and the Aggregate Expenditure curve, how you determine autonomous expenditure graphically, be able to define what mpe is and what other forms of induced expenditurres there are, and be able to define the expenditure function and the multiplier equation. You should also be able to graphically explain how, say, a change in expenditure, of $100,00 looks on an AS/AD graph and multiplier graph with say an mpe of 4(see page 631). You will also want to know how economists use the multiplier model and what the multiplier process is. Finally, you should be able to write a little paragraph on the limitations of the multiplier model.
CLASS ONE: we will discuss again the first half of the multiplier chapter. HOMEWORK: finish the chapter.
CLASS TWO: we will discuss the second half of the chapter.
CLASS THREE: QUIZ on the multiplier chapter. HOMEWORK: read chapter 27 up to “How banks Create Money.” EXPECT POP QUIZZES.
CLASS FOUR: we will discuss the reading. HOMEWORK: finish chapter 27.
Posted on April 13th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: poverty is no disgrace to man, but it is profoundly inconvenient. Rev. Sydney Smith
KEY DATE:
1. There will be a quiz on chapter 9 the THIRD class period of this week. You will not be tested on Wheelan and there will be no quiz keys.
CLASS ONE: we will discuss the second half of chapter 9.
CLASS TWO: we will review the entire chapter.
CLASS THREE: QUIZ on chapter 9. HOMEWORK: read up to the “Circular Flow Model…” on page 627 of chapter 26.
CLASS FOUR: we will discuss the reading. HOMEWORK: finish chapter 26
Posted on April 6th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: Luck is not something that you can mention in the presence of self-made men. E.B. White
KEY DATE:
1. We will have a quiz on chapters 23 and 24 during the second class period of the week.
2. We will have another quiz on chapter 9 in Wheelan and chapter 25 in Colander the second class period of the week of April 7.
CLASS ONE: we will review chapters 23 and 24.
CLASS TWO: QUIZ on the above two chapters. HOMEWORK: chapter 9 in Wheelan.
CLASS THREE: we will discuss the reading. HOMEWORK: read chapter 25 up to “Shifts in the LAS Curve.”
CLASS FOUR: we will discuss the reading. HOMEWORK: finish the chapter.
Posted on March 29th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: one doesn’t discover new lands without consenting to lose sight of the shore for a very long time. Andre Gide
KEY DATES:
1. During the second class period we will have a quiz on chapter 22 and chapter 8 in Wheelan. See quiz keys.
CLASS ONE: current events. Are we headed into a recession?
CLASS TWO: QUIZ. HOMEWORK: read chapter 23 up until “Other National Income terms.”
CLASS THREE: we will discuss the reading. HOMEWORK: finish chapter 23.
CLASS FOUR: we will discuss the reading. HOMEWORK: read chapter 24 over the weekend.
Posted on March 9th, 2008 by cjanus
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The quiz on chapter 8 in Wheelan and chapter 22 in Colander has been moved to the second period of next week. Period 7 should pick up their testbanks on Monday. We will have a current events day on Monday.
1. You should be able to answer the following question from your Wheelan reading: “What can special interests teach us about politics?” Cite several examples.
2. You should be able to draw a graph of the business cycle.
3. You should be able to explain the different kinds of unemployment and why the “natural rate” of unemployment has changed over time.
4. Why is there a natural tension between unemployment and inflation in the busincess cycle? Is this always the case?
Posted on March 7th, 2008 by cjanus
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