Homework - break

Just a reminder to read the final (!) chapter, 19, of the textbook over the long weekend. When you come back we will wrap it in with final thoughts on chapter 18.

For those of you interested, here are links to an interesting debate between two economists on the value of Chinese currency:

Read this first, then this.

The first author thinks that the US is better off with China artificially manipulating its currency, the second disagrees. If anyone wants to read these and begin class Monday with some discussion, we would certainly add it to the docket.

Homework for Tuesday, November 23rd

Good job in class today. Here are 3 more sets of graphs for homework.

1. The Bank of Japan tightens its monetary policy to raise interest rates.
2. There is an increased flow of Japanese investment funds into the United States.
3. Responding to American pressure, the Japanese reduce their barriers to imports.

Remember, draw two graphs for each, as we did in class today.

There will be no assigned work for Wednesday, you will read the final chapter of the textbook for the following Monday. Maybe you want to get started on that early...

Proceeding with caution - tomorrow's homework

For tomorrow, read chapter 17. You can skim most of it, focusing on the blue summaries and margin definitions. The one section I recommend you read more carefully is pages 343-347, on the Arithmetic and Graphing of Comparative Advantage.

STUDY GUIDE and notes from Wednesday

Download here the study guide for the test on Tuesday.

Here are notes from Wednesday for those of you who missed class.

Markets

Here is a nice summary of what is going on with the stock market and what is behind it all. I know we do not spend a lot of time on this in class, and I am sure some of you are interested in financial markets.

Homework through November 18th

Due Wednesday, November 11th: Read chapter 16 in the textbook.

Monday: review

Tuesday: test on 11-16.

Wednesday: take-home component of the assessment due.

Homework due Monday, November 9th

Read chapter 15 in the textbook. Easy stuff. We will wrap up our last "debate" from chapter 14 to begin class, then move to chapter 15.

Homework for Friday (due on Friday)

Answer questions 5 and 8 on page 297. For question #8 you will need to do a little research. See what you can come up with.

Big news on unemployment benefits

Senate approves an extension.
We've been talking about this in class.

Recent stuff

This article on New Keynesian economics might be of interest.

Here is a good summary of what's going on with the economic recovery.