Schedule for Week of October 14

By Anonymous -
Please note that class will not meet on Wednesday on account of PSAT testing. Also note that there will be no quiz this week.

DAY 1: Discussion of Colander, Microeconomics chapter 8 (Market Failure vs. Government Failure). A few key concepts: marginal social cost/benefit; free rider problem; adverse selection problem. HOMEWORK: Read Wheelan, Naked Economics chapter 7 (Financial Markets).

DAY 2: Discussion of Wheelan chapter 7. A few key concepts: capital; speculation; efficient markets theory. HOMEWORK: Read the article "The Stock Market Crash of 1929: A Review Article."

DAY 3: Economic history day - discussion of the Stock Market Crash article. A few key questions: What were some of the financial and cultural reasons for the Stock Market Crash of 1929? To what extent was this crash responsible for the Great Depression? Is it possible a market crash this severe could happen again?

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