AT Micro/Macro Economics

1. What are the conditions of a perfectly competitive market? Why should you remember them? 2. What are the key differences between monopolistic and a perfectly competitive market? 3. Explain the four conditions of a monopolistic competitive market. Which are competitive and which monopolistic? 4. What is an oligopoly? Explain the cartel model and the contestable models. 5. Explain the theory of sticky prices in an oligopoly. 6. Using at least three case studies as examples, explain the evolution of anti-trust policy in America? 7. What did you about the behavioral concept of trust from the Ariely chapter?

http://www.nytimes.com/2016/11/21/opinion/build-he-wont.html

NOW DUE, FRIDAY, DEC. 9

Instead of preparing for the quiz for your last class period,  Janus' students should read chapter 6 in Wheelan on  Human Capital and Production.

1. Explain three obvious aspects of the 2008 recession that do not require a 14th grade reading level. 2. What were the causes of the gender make-over at the Harvard Business School in 2011? 3. Using cost run analysis curves, where should your company operate? Why? 4. Explain the difference between the short- run and long- run shapes in the average total cost curves. I will ask you to write on three of the above questions. There may also be a question on the Janice   Chopra talk.

You will be asked to answer THREE of the following four questions. My choice. 1. What is Wheelan's assessment of supply-side economics? Compare it to Ricardo's, 'The Iron Law of Wages." How do both these concepts relate to  Marx's conception of ideas? 2. Why are consumers in this country so prone to consume and not save? What did Ariely propose to do about it and what was the big banks' reaction? 3. In the realm of education, what direction is "No Child Left Behind" pushing American educational policy? What does Ariely suggest we do about it? 4. Tell me a story from your own life that deals with at least 2 of the 4 following economic concepts: moral hazard, adverse selection, screening, and signaling.

Questions for Econ Quiz 3 1. What is Wheelan's assessment of supply-side economics? Compare it to Ricardo's, 'The Iron Law of Wages." How do both these concepts relate to  Marx's conception of ideas? 2. Why are consumers in this country so prone to consume and not save? What did Ariely propose to do about it and what was the big banks' reaction? 3. In the realm of education, what direction is "No Child Left Behind" pushing American educational policy? What does Ariely suggest we do about it? 4. Tel me a story from your own life that deals with at least 2 of the 4 following economic concepts: moral hazard, adverse selection, screening, and signaling.

https://youtu.be/3td8mmEmBxk

http://www.theguardian.com/politics/2016/oct/11/hard-brexit-treasury-66bn-eu-single-market?CMP=Share_iOSApp_Other

Explain how the example of the black pearls is an example of the economic concept imprinting or an anchor. What is self-herding? Give an example from your own life. How does the Ariely chapter on supply and demand fly in the face of traditional economic decision-making? What should we do to correct our irrationality? Please give an example of a quantity restriction and explain why they often don't work What is a third party payer market? What happens in them? Why is the concept of elasticity extremely important if you are running a business?*

Self-Assessing Your Own Harkness Participation  Students are encouraged to self-assess their daily verbal class participation during Harkness discussions using the guide below. The characteristics of high-quality Harkness participation:  A. Use of textual evidence aimed at the question  B. Listen to each other C. Ask each other questions D. Participatory, non-dominating, and non-interrupting  E. Link thoughts together to build clear themes, even when different interpretations emerge  SELF-ASSESSMENT My level of participation during the 4 classes held this week should be rated as:  A. Participates daily  B. Participates regularly  C. Participates sporadically D. Participates rarely, if ever, but does not distract from discussions F. Participates rarely, if ever, and also distracts others from discussions  Special note: Deductions will be taken for dominating, interrupting, uncivil, or distracting participation or off-task behavior such as Intern

http://www.wsj.com/articles/how-wells-fargos-high-pressure-sales-culture-spiraled-out-of-control-1474053044

1. Please describe the culture at Amazon. How would you assess it? 2. Please draw and describe the Production Possibility  Curve, citing all the different concepts it represents.  How has this curve influenced your view of free trade? 3. What are markets and how do they operate? What role do you think government should play in them? 4. Should you allow people to buy $16.00 doggie birthday cakes if people are straying in the streets? If you should, why should you?  5. Is Adam Smith always right that if we all pursue our own self interest, we will always have the optimal social outcome?

http://www.nytimes.com/2016/05/15/upshot/what-was-the-greatest-era-for-american-innovation-a-brief-guided-tour.html?smprod=nytcore-ipad&smid=nytcore-ipad-share NYTimes: What Was the Greatest Era for Innovation? A Brief Guided Tour

http://www.nytimes.com/2016/05/01/magazine/president-obama-weighs-his-economic-legacy.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.newyorker.com/news/benjamin-wallace-wells/the-anti-moneyball-election?mbid=nl_160423_daily&CNDID=21779336&spMailingID=8828585&spUserID=MTMwNjU1OTY3MTY0S0&spJobID=902366567&spReportId=OTAyMzY2NTY3S0

You will be asked to write on three of the following four questions. 1. How has the nature of unemployment changed over time? 2. How are the Central Bank, and fiscal and monetary policy different in a developing country? 3. Explain the history of goods inflation and asset price inflation. 4. What recent problems have occurred with the quantity theory  of money and the Short-run Philips curve?

10 Steps To Buying A New Car - Kelley Blue Book

http://www.nytimes.com/2016/04/10/opinion/sunday/congratulations-youve-been-fired.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.wsj.com/articles/a-trade-lesson-in-trump-scarves-1460155495

1. What are the similarities and differences between the financial crises in Greece and the one in the United States? 2. How did the GOP elite lose voters to Donald Trump? 3. Describe several fundamental forces that affect exchange rates and how they work. 4. Describe fiscal policy affect on exchange rates. 5. What are the dos and don'ts of renting an apartment? 6. How is the trade deficit dictated by international and domestic goals? Give an example where a country had to apply contractionary monetary policies and a country where they had to apply expansionary monetary policy. 

http://eeditionmobile.chicagotribune.com/Olive/Tablet/ChicagoTribune/SharedArticle.aspx?href=CTC%2F2016%2F04%2F03&id=Ar02100

http://eeditionmobile.chicagotribune.com/Olive/Tablet/ChicagoTribune/SharedArticle.aspx?href=CTC%2F2016%2F04%2F03&id=Ar03901

http://www.nytimes.com/2016/03/28/us/politics/donald-trump-republican-voters.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2016/03/30/business/economy/nafta-may-have-saved-many-autoworkers-jobs.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2016/03/28/opinion/trade-labor-and-politics.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2016/03/28/upshot/the-trade-deficit-isnt-a-scorecard-and-cutting-it-wont-make-america-great-again.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://youtu.be/Y3ttxGMQOrY

http://www.nytimes.com/2016/03/20/business/economy/carrier-workers-see-costs-not-benefits-of-global-trade.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2016/03/11/us/politics/-trade-donald-trump-breaks-200-years-economic-orthodoxy-mercantilism.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.theguardian.com/commentisfree/2016/mar/07/donald-trump-why-americans-support

Your final assessment for the winter quarter will focus on a topic that synthesizes behavioral and financial economics: marketing. You will have the entire week of March 7 to work on this assessment in class; brief presentations will follow on the last two days of the quarter, March 14 and 15. Point total: 50 Step 1: Choices Find a partner. Brainstorm about a company you both know well. Familiarity with both product/service and public image is important for the success of the project, as you will need to design a marketing campaign that speaks to the consumer base of the company in a convincing manner. Step 2: Concept Your design for the marketing campaign will need both a verbal and a visual component. The most effective campaigns tend to have concise, memorable phrases to accompany a striking image. An example is Apple’s recent iPhone 6s campaign, one of which pictured below. Apple chose photo submissions from 40 iPhone users around the world to include in the

http://www.nytimes.com/2016/03/04/opinion/boris-johnson-britain-europe-brexit.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://krugman.blogs.nytimes.com/2014/10/08/the-deficit-is-down-and-nobody-knows-or-cares/?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2013/03/11/opinion/krugman-dwindling-deficit-disorder.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

1. What is the globalized AS/AD  model? Draw it and describe its facets and what it means. 2.  H ow does structural stagnation relate to the recession that began in late 2007? 3.  How can the slow  recovery after the 2007/8  recession be  explained  by  structural stagnation? 4.  What are three international adjustment forces that are supposed to occur according to the globalized AS/AD model? 5. Do you agree with Colander’s views on structural stagnation and its role in the current economy? Why or why not? 6. How did Mr. Slimmons talk help your understanding of markets and investing? 7. Explain the "power law" of the universe, of venture capital. 8., What are secrets and why are they important?

http://www.nytimes.com/2016/01/26/opinion/whats-our-duty-to-the-people-globalization-leaves-behind.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.nytimes.com/2016/01/10/magazine/the-lawyer-who-became-duponts-worst-nightmare.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://www.wsj.com/articles/after-a-tumultuous-2015-investors-have-low-expectations-for-markets-1451693014