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Please watch this video after you have read Colander's discussion of comparative advantage in chapter 9.

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WEEK'S SCHEDULE(22), FEB. 25, 2013

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EYE-OPENER OF THE WEEK: When you can recognize that someone is talking rot, you are an educated man. Lord Action KEY DATES: 1. On Monday, Feb. 25, we will debrief round 2. 2. On Thursday, Feb. 28, Glenn Weinstein will speak to us about the municipal bond market. 3. On Monday, March 4, we will have a quiz on the Wheelan chapter on special interests, Glenn Weinstein's talk and chapter 10 in Colander on The Aggregate Demand/Aggregate Supply Model. 4. On Wednesday, March 6, Steve Kaplan will talk to us about income inequality and CEO pay. The long period. The extra half hour in the long period will be devoted to group work for round 3 of the Capsim simulation. CLASS ONE: we will debrief round 2 and discuss chapter 7 in Wheelan on special interests. Period 3 will also work as groups on round 3 of the Capsim assignment. HOMEWORK: please read chapter 10 on The Aggregate Demand and Aggregate Supply Model up to The Short-Run Aggregate Supply Curve. CLASS TWO: We will discuss the first half ...
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STOCK SELECTION PAPER COMMENT: your topic overview for your stock selection paper is due Monday, Nov. 3. Please write a paragraph about the industry you have chosen or, preferably, the stock in that industry you think is undervalued and therefore you would like to invest in. Once the paragraph is written please post it to this post by clicking on comment, writing the comment, and then publishing it. Make sure you are in your google account before you attempt to do any of this or you will lose your comment. Also, please just use your first name or initials plus your class period to protect your privacy.
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Winter Research Project

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AT Economics / Winter Quarter Research Project Your task this quarter is to construct an experiment that will demonstrate something about daily economic behavior. You will work in pairs for this project. Stage 1: Define the question you want to ask. Dan Ariely’s Predictably Irrational , as well as the companion pieces The Upside of Irrationality and The Honest Truth About Dishonesty , provide examples of such initial questions: for instance, what effect does being “free” have on the attractiveness of a given item or set of items? To what extent are people’s choices about value based on “anchoring” from a popular brand or company, such as iTunes offering songs at $0.99? An alternative approach is to create a decision scenario based on “game theory.” Examples of such economic games can be found in chapter 20 of Colander’s Micro textbook. Stage 2: Define the method of answering your question. You will likely approach this stage as a series of questions that you po...
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