Homework for over the weekend

Step 1: Print, read and annotate this article on unemployment.

Step 2: Find your own article on unemployment trends or data, print, read, and annotate, and bring to class to present and discuss what you found to the class.

Homework due Wednesday, Thursday and Friday

For Wednesday, read chapter 5 in B&B (the textbook).

For Thursday, answer any five of these seven questions on a separate sheet of paper and bring to class.

For Friday, read chapter 6 in B&B.

HW for Tomorrow (Tuesday)

I changed my mind- for tomorrow, review chapter 3 in Harford (I mean ACTUALLY review it). No new reading.

Test change and homework

As noted in class yesterday, the unit 1 test is moved to Wednesday.

For Monday (no class on Thursday or Friday) your assignment is to read the next two chapters (2 and 3) in Harford.

Also, here is an article about the effect of low milk prices on our state's economy, since milk prices were used in a scenario from your textbook. 

SPRING 10 Test 1 Study Guide

Economics Test 1 Study Guide	Spring,2010

To prepare for this exam, make sure you understand and can explain the following ideas:

Comparative advantage

Externalities

Productivity

The United States’ economy: basic characteristics and makeup

GDP: definition and importance

Recession

Gov’t roles in the economy

Scarcity and its effect on choices

Opportunity costs and money costs

The Production Possibilities Frontier

Principle of increasing costs and efficiency

Demand curve: functioning and characteristics

Supply curve: shifts

-for both supply and demand curves, make sure you can differentiate between movement along the curves vs. shifts in the curves

Equilibrium, price floors and ceilings

Other difficulties in attempting to manipulate the market

From Harford:

Scarcity and bargaining power

“marginal” and David Ricardo

Rent seeking

Unions and their role in the economy

20 multiple choice, 1 essay

Homework and upcoming "Events"

Homework: (NB: Assignments will consistently be listed on the day they are DUE)

For Thursday, 1.14.10, read Harford, "The Undercover Economist," Introduction and Chapter 1. Please annotate your text with key points or questions, and/or take notes. Come prepared for an active discussion of the book- I will expect everyone to participate.

For Friday, 1.15.10, read B&B chapter 4.

For Monday, 1.18.10 Answer Discussion questions 2-5 on page 78. Be sure to write answers to the questions.

Tuesday, 1.19.10: Your first TEST! HOORAY!

Links of interest and homework

Today's BLS release on unemployment. Peruse this, although we will talk in more detail about how to read it in the weeks to come.

Homework for the first part of next week:

For Monday: Read chapter 3 in the textbook. Annotate or take notes, be sure to make use of the TEST YOURSELF questions at the end.

For Tuesday: TBA

For Thursday: B&B chapter 4. Annotate and review. Pay close attention to the TEST YOURSELF questions as they will help you visualize these graphs and their movements.

Homework week 1

For Thursday, January 7th

Read chapter 2 w/ notes and questions. Be sure to know and be able to use the key terms. Think especially about questions 3,4, and 6.

For Friday, January 8th

For tomorrow, listen to this interview on digital music (click on "Listen to this story," not "Listen to the show") and answer the questions found here. Provide well-reasoned answers, particularly for the second section of questions: be creative but also base your answers on what we have covered in the text.

RE: Our discussion on day 1 about housing

This post echoes some of my comments from our first day.

Since some of you have been genuinely interested, more on housing here and here.