1. Draw the Market for Euros on page 108 (figure 5-2) and explain it.
2. Draw a graph of the minimum wage. What are the costs and benefits of the minimum wage?
3. Explain the costs and benefits of third-party-payer markets.
4. What did you learn from John Cochrane’s talk on the financial crisis? Be specific as possible.
Posted on October 5th, 2008 by cjanus
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“Can America Invent its Way Back?”
1. What is the conundrum that the author of “Can America Invent its Way Back?” cite? What solutions does he suggest?
Colander, Chapter 3.
1. Draw the Circular-Flow diagram
Colander, Chapter 4
1. What is the distinction between quantity supplied and supply?
2. Draw a graph that reflects a contraction in supply and then an […]
Posted on September 24th, 2008 by cjanus
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POSSIBLE ESSAY QUESTIONS:
Questions from Wheelan:
1. What, for Wheelan, is the unique way that economists view the world?
2. Who feeds Paris?
3. What do individuals maximize?
4. What do firms maximize?
5. Why should we allow that silly fool to buy a doggy birthday cake?
Questions from Colander:
1. What will happen if American innovation does not develop new industries?
2. […]
Posted on September 13th, 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. […]
Posted on April 24th, 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 […]
Posted on March 7th, 2008 by cjanus
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You must be able to draw and label the following graphs: 1. the production possibility curve 2-3a on page 29; the ciircular flow model of the economy 3-1 on page 64; graphs 6-2c and 6-2d on page 146 that illustrate elasticity along a demand and supply curve; graphs 8-1a and b that illustrate marginal and […]
Posted on March 1st, 2008 by cjanus
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1. Be able to draw, label and explain Figures 18-1 and 18-2.
Posted on February 10th, 2008 by cjanus
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1. Describe the three components of Corporate Governance–the context and rules, the external controls, and internal controls.2. Are CEOs overpaid? Justify your answer.
Posted on January 30th, 2008 by cjanus
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MAKE SURE YOU LABEL ALL AXES AND CURVES.
1. Be able to draw graph 12-1 that shows monopolist price and quantity as well as competitive price and quantity.
2. Be able to draw graph 12-3c that shows a monopoly making an economic profit.
3. Be able to draw and EXPLAIN graph 12-5 that illustrates welfare loss from monopoly.
4. […]
Posted on January 8th, 2008 by cjanus
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Keys for Wheelan’s chapter on “Productivity and Human Capital.“1. What is the most insightful way to think about poverty? Why?2. Will the poor always be with us? Explain.3. Why is the gap between rich and poor growing ever wider in this country? Explain.4. Why does human capital matter so much? Explain.
Keys for Colander’s chapter on […]
Posted on January 1st, 2008 by cjanus
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