EYE-OPENER OF THE WEEK: Don’t trouble trouble until trouble troubles you.
CLASS ONE: we will discuss the holiday reading, pages 239-249 up to “Short-run market supply & demand.” HOMEWORK: finish the chapter.
CLASS TWO: we will discuss the second half of the chapter on Perfect Competition. HOMEWORK: read chapter 4 in the Wheelan book.
CLASS THREE: we will [...]
Posted on November 28th, 2008 by cjanus
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1. What was the point of Mr. Simon’s game of four “As”?
2. What is value investing? Does it make sense to you? Why?
CHAPTER 9
1. Be able to draw 9-2b and explain the shapes and relationships between MC, ATC, and AVC curves.
2. In graph 9-1b why would most companies operate between 4 and 7.5 workers?
CHAPTER 10
1. [...]
Posted on November 19th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: How much health care Americans get should depend not on how much they can afford but on how much they need. Edward M. Kennedy
KEY DATES:
1. On Wednesday, Nov. 19, Jason Tyler for Ariel Capital Management and a former Labby will speak on value investing to all three classes.
2. During the last [...]
Posted on November 16th, 2008 by cjanus
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EYE -OPENER OF THE WEEK: Let everyone witness how many different cards fortune has up her sleeve when she wants to ruin a man. Benvenuto Cellini
KEY DATE:
1. On Wednesday, Nov. 12, Mollie Simon’s uncle is going to speak to the 7th and 8th periods about the financial crisis. First period will not meet but should [...]
Posted on November 9th, 2008 by cjanus
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EYE-OPENER OF THE WEEK: There is nothing permanent except change. Heraclitus
CLASS ONE: TEST on chapters 7 and 8 in Colander and chapter 3 in Wheelan.
CLASS TWO: you will have a class to work on your research papers so bring some resources to class. HOMEWORK: read up to the “Costs of Production” in chapter 9 in [...]
Posted on November 3rd, 2008 by cjanus
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CHAPTER 7
1. Graph 7.2 on the costs of Taxation. Be able to draw and explain.
2. Graph 7-5 on inelastic demand and the incentive to restrict supply. Be able to draw and explain.
CHAPTER 8
1. What is the principle of rational choice?
2. What is the principle of diminishing marginal utility?
3. What the limitations of the assumptions behind [...]
Posted on November 2nd, 2008 by cjanus
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