QUIZ KEYS FOR TEST ON CHAPTER 10 IN COLANDER, CHAPTER 6 IN WHEELAN, AND THE TWO CURRENT EVENTS ARTICLES.

1.Why does human capital matter so much?

2. Why don’t economists care about economic inequality?

3. What is the evidence pro and con that the business cycle has changed?

4. Why does Hyman Minsky argue that markets are inherently unstable?

Citation Guide

citation-guide

WEEK’S SCHEDULE(10), NOV. 16, 2009

WEEK’S SCHEDULE(10), NOV. 16, 2009

EYE-OPENER: Most of financial innovation is simply rediscovering leverage. Kenneth Galbraith

KEY DATES:

1. During the first class period of the week, you will have a quiz on chapter 9 and Gary Becker’s presentation.

2. During the first class period of the week of Nov. 23, there will be a quiz on the week’s work.

3. On Friday, Dec. 4, your stock selection papers are due.

CLASS ONE: QUIZ. HOMEWORK: please read chapter 6 in Wheelan.

CLASS TWO: we will discuss the reading. HOMEWORK: please read chapter 10 in Colander on “Production and Cost Analysis II.”

CLASS THREE: we will discuss the reading. HOMEWORK: two handouts, “Rational Irrationality” and “The Recession’s Over, but Not the Layoffs.”

CLASS FOUR: we will discuss the readings. HOMEWORK: prepare for the Quiz on the week’s work.

WEEK’S SCHEDULE(9), NOV. 9, 2009

WEEK’S SCHEDULE(9), NOV. 9, 2009

EYE-OPENER: What’s gone and what’s past help should be past grief. Shakespeare

KEY DATES:

1. On Thursday, Nov. 12, Gary Becker will speak on the rising costs and benefits of a university education. His talk will be from 12:30 to 1:30 in Judd 126. His lecture will take the place of Friday’s classes.

2. On Friday, Dec. 4, your stock selection papers are due.

3. On Monday, you will have a quiz on chapter 9 in Colander, chapter 6 in Wheelan, and Gary Becker’s articles and talk. There will be two essay questions: 1.What does Wheelan have to say about productivity and human capital? 2. Explain the different responses of minority students and women to the increasing benefits of high school and university education. Why have these differences occurred?

CLASS ONE: we will discuss chapter 9 in Colander. HOMEWORK: read the three articles that Gary Becker has given us to prepare for his talk.

CLASS TWO: we will discuss the articles. HOMEWORK: read chapter 6 in Wheelan.

CLASS THREE: we will discuss the Wheelan chapter. HOMEWORK: prepare for the quiz on Monday.

Week’s Schedule (8), Nov. 2, 2009

EYE-OPENER: The Constellations were consulted for advice, but no one understood them. Ellias Canetti

KEY DATE:

1. On Thursday, Nov. 12, Gary Becker will speak on the rising costs and benefits of a university education. This talk will be from 12:30 to 1:30 in Judd 126. His lecture will take the place of Friday’s classes.

2. On Friday, Dec. 4, your stock selection papers are due.

CLASS ONE: QUIZ on chapter 8 in Colander and chapter 4 in Wheelan. HOMEWORK: please read chapter 5 in Wheelan.

CLASS TWO: we will discuss the chapter. HOMEWORK FOR MONDAY: read chapter 9 in Colander on “Production and Cost Analysis.”

CLASS THREE FOR 7TH PERIOD: we will look at some current events articles.

QUIZ KEYS FOR WHEELAN CHAPTER 4 AND COLANDER CHATPER 8

QUIZ KEYS FOR WHEELAN CHAPTER 4 AND COLANDER CHAPTER 8

Wheelan chapter 4:

1. Describe the framework that Wheelan gives at the end of the chapter for thinking about the government’s role in the economy giving an example for each point that he makes.

Colander chapter 8:

1. Explain the various components of rational choice.

2. What are the limits of the assumptions that underlie the theory of rational choice?

Mr. Hanessian’s supplement:

1. Explain the four key problems in health care affecting the nation. How many of them are being addressed in the debate in Washington?

Mr. Phillips talk:

1. How did Mr. Phillips support Peter Lynch’s philosophy of investing?

WEEK’S SCHEDULE(7), OCT. 26, 2009

WEEK’S SCHEDULE(7), 0CT. 26, 2009

EYE-OPENER OF THE WEEK: All progress is based upon a universal innate desire of every organism to live beyond its means. Samuel Bulter

KEY DATES:

1. On Friday, Don Phillips from Morningstar will speak to the first and eigtht period classes.

2. On Monday, we will have a quiz on chapter 8 in Colander, chapter 4 in Wheelan and the three guest speakers.

On Thursday, Nov. 12, Gary Becker will speak on the rising costs and benefits of a university education. This talk will be from 12:30 to 1:30 in Judd 126. This lecture will take the place of Friday’s classes.

CLASS ONE: we will discuss the first half of chapter 8 in Colander. HOMEWORK: finish chapter 8.

CLASS TWO: we will discuss the second half of the chapter. HOMEWORK: please read chapter 4 in Wheelan.

CLASS THREE: we will discuss the reading.Prepare for the quiz on Monday. Test bank on chapter 8 is open and the quiz keys will be up by Thursday night.

CLASS FOUR: Don Phillips talk. HOMEWORK: prepare for the quiz on Monday.

QUIZ KEYS FOR CHAPTER 3 IN WHEELAN AND CHAPTER 7 IN COLANDER

WHEELAN:

1. What is an externality? Give three examples.

2. Name five different roles of government citing a brief example of each.

COLANDER:

1. Draw and explain the graph on page 156 (7-2).

2. Draw and explain the graph on page 162 illustrating the draft.

AP MICRO AND MACRO ECONOMICS

WEEK’S SCHEDULE(6), OCT. 19, 2009

EYE-OPENER OF THE WEEK: Money’s the wise man’s religion. Euripides

KEY DATES:

1. On Wednesday, Oct. 21, Brian Hanessian will speak on health care to first and eighth periods.

2. On Tuesday, Oct. 20, for 7th period, and Thursday, Oct. 22, you will have a quiz on chapter 3 in Wheelan and chapter 7 in Colander.  The test bank is posted and the quiz keys will be Monday.

3. On Friday, Oct. 23, Jason Tyler from Ariel Capital Management will speak about value investing to first and eighth periods.

CLASS ONE: a facilitator will lead a discussion on the second half of chapter 7. HOMEWORK: prepare for quiz.

CLASS TWO: Brian Hanessian will speak on health care to first and eighth periods.

CLASS THREE: QUIZ on chapter 3 in Wheelan and chapter 7 in Colander.

CLASS FOUR: Jason Tyler will speak on value investing to first and eighth periods. HOMEWORK: please read chapter 8 in Colander up to “Rational Choice.”

Week’s Schedule(5), Oct. 12, 2009

EYE-OPENER OF THE WEEK: Can be there a love which does not make demands on its object? Confucius

KEY DATES:

1. On Monday, Oct. 12, we will have a quiz on the test bank questions of chapter 5 and 6. We will not have graphs or questions from the current events articles because the server has been down.

2. On Monday, Oct. 19, we will have a quiz on chapter 3 in Wheelan and chapter 7 in Colander.

3. On Friday, Oct. 23, Jason Tyler of Ariel Capital Management will speak on value investing will speak to periods 1 and 8.

4. On Friday, Oct. 30, Don Phillips of Morningstar will speak to periods 1 and 8.

5. On Friday, Dec. 4, your stock selection papers are due.

CLASS ONE: QUIZ on chapters 5 and 6 in Colander. There will be no graphs or questions from the newspaper articles because the school server has been down. HOMEWORK: please read chapter 3 in Wheelan.

CLASS TWO: a facilitator will lead the discussion on Wheelan. HOMEWORK: read the first half of chapter 7 up to “Government Intervention” on page 160.

CLASS THREE: a facilitator will lead the discussion. HOMEWORK: finish the chapter.

CLASS FOUR: we will discuss the chapter. HOMEWORK: prepare for quiz on chapter 3 in Wheelan and chapter 7 in Colander. See Quiz Keys for Sunday Night.