note-making

Chapter 5: Supply (Notes and Note-making)

October 22, 2009
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Section 1: Understanding Supply NOTES Note-making Questions: Demand Question: 1) Do you agree or disagree with the statement? An increase in income will shift the demand curve for a normal good to the left. Explain your answer. Supply Questions: 1) When the price of a good rises, total supply in the market will rise, but [...]

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Demand Note-making

October 18, 2009

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 [...]

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Chapter 3: Note Making Ideas

October 7, 2009

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 [...]

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Flaw in Free Markets: Humans

October 4, 2009

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 [...]

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Week 5 Links

September 28, 2009

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 [...]

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I, Pencil and The Trap

September 23, 2009

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 [...]

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Interesting Articles 9/20

September 20, 2009

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 [...]

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Bhutan… A closer look.

September 15, 2009

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 [...]

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