Shie

Demand Note-making

Here are a couple of videos which explain how demand is determined, and how it is graphed: An interesting article about the changes in demand for peanuts following a salmonella outbreak. Gold demand increases in India before festivals. As consumer demand and consumption increase in China, they are left with a stinky problem. What happens [...]

 

Shie

Chapter 4: Demand

Understanding Demand: Chapter 4, Section 1… NOTES Shifts of the Demand Curve: Chapter 4, Section 2… NOTES Note-Making Questions for Chapter 4, Section 2: 1.) Provide examples of normal and inferior goods from your life. Explain how your income relates to your purchases. 2.) Think of multiple examples from your life of goods which are [...]

 

Shie

Chapter 3: Note Making Ideas

Benefits of Free Enterprise: Profit Motive in Swedish Schools. How the profit motive is gutting the newspaper industry. Cartoon from class about the profit motive and American Free Enterprise: A video about the changing nature of Federal Regulation. Promoting Growth and Stability: Revisiting the circular flow of the economy and the distinction between microeconomics and [...]

 

Shie

Flaw in Free Markets: Humans

This article is about some of the assumptions Mr. Greenspan made as Fed Chairman and where he may have gone wrong. Adam Smith’s theory of the invisible hand, which says that market forces harness self-serving behavior for the common good, assumes that markets are competitive, and most markets have in fact become more competitive over [...]

 

Shie

Week 5 Links

A NYTimes article claims that the U.S. Dollar will see increasing competition from the Chinese Renminbi. This is an interesting article about a possible price collar on the carbon trading system. If you want to know what a price collar is click here. Here is a description of the upcoming climate bill which is going [...]

 

Shie

Week 4 Notes

Here is everything that we covered last week. We started off by finishing up with the Island Game, which was fun because we got to see all of your different solutions for living on an island. Then we returned to our work in the book by picking up with our look at free markets. After [...]

 

Shie

I, Pencil and The Trap

This audio book is a recording of I, Pencil which is an essay about the complexities surrounding even the most simple sounding objects in our lives. Here are links to the videos I was talking about regarding the loss of freedom in capitalist/market economies. The Trap: What Happened to our Dream of Freedom Part 1 [...]

 

Shie

Interesting Articles 9/20

This is a link to a cool story on the economics of piracy. Here are some infographics that I thought you would like: Geography of a Recession How the Government Dealt with Past Recessions Where the Rich Hide Their Money In this article they explain which places would be the most suitable for High-Speed Rail [...]

 

 

Shie

Bhutan… A closer look.

Today in class we discussed various forms of economies. One of these was a “Buddhist economy” and the example I used for this was the country of Bhutan. Here is a short video about Bhutan… While it may seem that I was strongly supportive of their economy’s aims, there is, perhaps not surprisingly, another side [...]