AT Micro/Macro Economics

https://www.nytimes.com/2017/04/24/books/review/golden-passport-duff-mcdonald.html

When Forecasters Get It Wrong: Always https://www.nytimes.com/2017/12/30/opinion/sunday/when-forecasters-get-it-wrong-always.html

The Only Way to Keep Your Resolutions https://www.nytimes.com/2017/12/29/opinion/sunday/the-only-way-to-keep-your-resolutions.html

The Cost of Devaluing Women https://www.nytimes.com/2017/12/02/opinion/sunday/the-cost-of-devaluing-women.html

Nikki Haley Says Women Who Accuse Trump of Misconduct ‘Should Be Heard’ https://www.nytimes.com/2017/12/10/us/politics/nikki-haley-trump-women-sexual-misconduct.html

Fly Fishing Targets Women as a Source for Growth https://www.nytimes.com/2017/12/10/sports/fly-fishing-women.html

Making 2 Become 1: Ironing Out Senate and House Tax Bill Differences https://www.nytimes.com/2017/12/06/business/house-senate-tax-bill-differences.html

The Senate Is Rushing to Pass Its Tax Bill Because It Stinks https://www.nytimes.com/2017/11/29/opinion/senate-tax-bill-problems-rush.html

Possible Janus Questions for Econ test. You will be given five questions and you will write on four of them.  How do you determine whether a firm is making a profit or a loss in a perfectly competitive market? What kinds of profits are available to such a firm in the short-run, in the long run? Why? What is the key difference between a monopolist and a perfect competitor? How do you determine price and output for a monopolist? Why does a monopolist create welfare loss? How can a monopolist avoid doing so? Explain. Explain monopolistic competition. What are the competitive aspects of it? The monopolistic aspects? What is the prisoners’ dilemma? How does it undercut Adam Smith? What is the law of unintended consequences? Cite several examples. Why is an oligopoly different from monopolistic competition?  Explain the difference between the cartel and  the contestable market models of monopoly. Explain the history of antitrust policy in the United...

https://www.wsj.com/articles/higher-education-gears-up-to-fight-gop-bills-tax-on-endowments-1510315204

Why the AT&T-Time Warner Merger Makes Sense https://www.nytimes.com/2017/11/16/opinion/att-time-warner-merger.html https://www.nytimes.com/2017/11/16/opinion/att-time-warner-merger.html

The Right Way to Cut Corporate Taxes https://www.nytimes.com/2017/11/12/opinion/corporate-tax-cuts-gop.html https://www.nytimes.com/2017/11/12/opinion/corporate-tax-cuts-gop.html

1. Please explain why the MC and the ATC curves are the most important. How much should a firm produce? Why? 2. Is Jesus correct when he states that “the poor will always be with us”? What are the seven behavioral economic biases that the analyst at Ariel use in making their stock selections? 

https://www.wsj.com/articles/the-workplace-after-weinstein-harassment-scandals-prompt-rapid-changes-1510333058

Want Kids, a Degree or a Home? The Tax Bill Would Cost You https://www.nytimes.com/2017/11/08/opinion/republican-tax-bill-cost.html https://www.nytimes.com/2017/11/08/opinion/republican-tax-bill-cost.html

Don’t Nudge Me: The Limits of Behavioral Economics in Medicine https://www.nytimes.com/2017/11/06/upshot/dont-nudge-me-the-limits-of-behavioral-economics-in-medicine.html https://www.nytimes.com/2017/11/06/upshot/dont-nudge-me-the-limits-of-behavioral-economics-in-medicine.html

https://www.nytimes.com/2017/11/07/world/americas/mass-shootings-us-international.html

A Tax Plan for a New Gilded Age https://www.nytimes.com/2017/11/02/opinion/trump-republican-tax-plan.html

A Day Before Presenting Their Tax Cut Plan, Republicans Still Wrestle With Key Details https://www.nytimes.com/2017/10/31/us/republican-tax-cut-plan-house.html https://www.nytimes.com/2017/10/31/us/republican-tax-cut-plan-house.html

U.S. Economy Grew at 3% Rate in 3rd Quarter, Despite Storms https://www.nytimes.com/2017/10/27/business/economy/economy-quarter-gdp.html https://www.nytimes.com/2017/10/27/business/economy/economy-quarter-gdp.html

https://ted.com/talks/alexander_betts_why_brexit_happened_and_what_to_do_next?utm_source=tedcomshare&utm_medium=email&utm_campaign=tedspread--a

Possible Janus Questions for Quiz on Government’s role in the economy. 1. Clearly define consumer and producer surplus and then explain the burden of taxation and how it affects these surpluses. 2. Explain how the draft affects consumer and producer surplus. Who benefits and why?                              3. What is market failure? What is government failure? What are three ways to deal with market failure? Which is the best? Why?        4. What impact has Globalization had on the US economy?        5. Explain the awards card program that Steve Levitt described. What did Sears get right, what did they get wrong?

https://www.nytimes.com/2017/10/19/business/credit-cards-debt-banks.html

https://www.nytimes.com/2017/10/20/your-money/paying-for-college/college-costs-grassley-franken.html

A Stock Market Panic Like 1987 Could Happen Again https://www.nytimes.com/2017/10/19/business/stock-market-crash-1987.html

http://bigthink.com/insights-of-genius/rethinking-the-endowment-effect-how-ownership-effects-our-valuations

https://www.nytimes.com/2017/10/15/opinion/nafta-united-states-mexico.html

https://www.nytimes.com/2017/10/15/opinion/nafta-united-states-mexico.html

Possible Janus Questions for Quiz on Government’s role in the economy. 1. Clearly define consumer and producer surplus and then explain the burden of taxation and how it affects these surpluses. 2. Explain how the draft affects consumer and producer surplus. Who benefits and why?                              3. What is market failure? What is government failure? What are three ways to deal with market failure? Which is the best? Why?        4. What impact has Globalization had on the US economy?        5. Explain the awards card program that Steve Levitt described. What did Sears get right, what did they get wrong?

https://www.nytimes.com/2017/10/11/business/economy/nafta-trump.html

https://www.nytimes.com/2017/10/09/business/nobel-economics-richard-thaler.html

https://www.nytimes.com/2017/10/03/business/economy/tax-rates-growth.html

1. Give several examples of the Relativity of Truth. How do you avoid leading the life of a Boxster? 2. What is arbitrary coherence? How  does this idea clash with the traditional view of economic decision-making? How do you overcome arbitrary coherence? 3. Explain the different kinds of elasticities? Why is elasticity such an important concept if you are running a business? 4. Explain the four factors that affect elasticity. 5. Explain the luxury boat example. What did you learn about taxation from this example?

https://www.realclearpolitics.com/2017/09/27/how_big_banks_became_our_masters_422105.html

https://www.cnbc.com/2017/09/25/target-to-raise-its-hourly-minimum-wage.htmlhttps://www.cnbc.com/2017/09/25/target-to-raise-its-hourly-minimum-wage.html

https://www.wsj.com/articles/how-apples-pricey-new-iphone-x-tests-economic-theory-1505660400

https://www.wsj.com/articles/frankfurt-motor-show-2017-breaking-up-with-diesel-is-hard-to-do-1506106217

GUNS VERSUS BUTTER

Directions: questions 1 and 6 are required and you must write on two others as well. 1. Please give me a 360 degree assessment of the Amazon Way. What's good about it and what are its downsides? 2. Please explain three examples in Wheelan's introduction where economic literacy helps you reach a better understanding of the problem. 3. Who feeds Paris and why is it important to know the answer to this question? 4. Cite several examples of why it is important that each of us be allowed to follow our own preferences. 5. What is the difference between a socialist and capitalist system? In what setting is each best suited? 6. Explain all of the key economic concepts that the Production Possibility  Curve represents than draw a graph that reflects the value of trading. 

https://www.nytimes.com/2017/07/31/business/media/amazon-advertising.html?mcubz=3

https://www.nytimes.com/2017/05/09/magazine/how-homeownership-became-the-engine-of-american-inequality.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/04/26/us/politics/white-house-tax-plan.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/04/25/us/politics/white-house-economic-policy-arthur-laffer.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

Brexit video

https://www.nytimes.com/2017/04/19/opinion/donald-trump-threatens-to-sabotage-obamacare.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/04/17/opinion/why-dont-all-jobs-matter.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

Apple Gets Permit to Test Self-Driving Cars in California https://www.nytimes.com/2017/04/14/technology/apple-self-driving-car-permit.html

https://www.nytimes.com/2017/04/15/upshot/supply-side-economics-but-for-liberals.html?_r=0

https://www.nytimes.com/2017/04/14/business/mutfund/vanguard-mutual-index-funds-growth.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

One question on value investing; another on mistakes to avoid in investing in mutual funds'; a third question on Ed Luce's talk (how have things changed in the last 225 years? What challenges do we face today and what are the solutions to them?)

French election shaken by surge in support for far-left candidate https://www.theguardian.com/world/2017/apr/12/french-presidential-election-surge-far-left-candidate-melenchon?CMP=Share_iOSApp_Other

https://www.nytimes.com/2016/11/15/business/dealbook/the-next-generation-of-hedge-fund-stars-data-crunching-computers.html?smprod=nytcore-

https://www.nytimes.com/2017/03/29/opinion/trump-is-a-chinese-agent.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/23/us/politics/taxes-budget-trump.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/27/opinion/how-to-build-on-obamacare.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://mobile.nytimes.com/2017/01/22/us/politics/donald-trump-health-plan-medicaid.html

https://www.nytimes.com/2017/03/07/opinion/no-wonder-the-republicans-hid-the-health-bill.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/07/business/economy/trump-budget-entitlements-working-class.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/07/health/risk-of-losing-health-insurance-in-republican-plan.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/06/us/politics/affordable-care-act-obamacare-health.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/03/01/upshot/what-booming-markets-are-telling-us-about-the-global-economy.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/02/24/opinion/death-and-tax-cuts.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

https://www.nytimes.com/2017/02/21/opinion/save-greece-by-saving-its-economy-first.html

1. Explain in detail open market operations--both expansionary and contractionary. 2.  What is the yield curve? Why does an inverted yield curve often predict a recession? 3.  The efficient market theory, bubbles, and regulation. What are the connections? 4. Explain the Fed's unconventional monetary policy during the Great Recession and in its wake? 5. What are the criticisms on unconventional monetary policy?

https://www.nytimes.com/2017/02/20/opinion/no-robots-arent-killing-the-american-dream.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

http://bloom.bg/2kxgiPm f

1. Please explain the shapes of the curves in the Aggregate Demand Aggregate Supply Model. 2. Explain Colander's argument for Structural Stagnation. What are its cures? 3. What are the common sense lessons about investing that you have learned from Wheelan's chapter on financial markets? Cite examples when possible.

Questions for Janus' test 1. Please give me a detailed definition of GDP and then describe its strengths and limitations. 2. What insights did you learn from John List about how to reform our educational system? 3. Colander states that economists' mantra is free trade; however, in his chapter on "Comparative  Exchange Rates and Globalization", he sights a number of problems with it. What are they?

http://www.nytimes.com/2017/01/09/opinion/deficits-matter-again.html?smprod=nytcore-ipad&smid=nytcore-ipad-share

DIRECTIONS:  please answer THREE of the following five questions. 1. What is the public policy dilemma that any need based governmental program creates? Cite a specific example of such a dilemma. 2. Explain the three different kinds of discrimination. What is the most difficult to eliminate? Why? 3. Explain why fairness and equality are such difficult concepts in the labor market. 4. What is the Lorenz curve? What does it tells about income distribution over time in the United States? 5. How good has the government been at redistributing income?

http://www.nytimes.com/2017/01/04/opinion/republicans-are-courting-disaster-on-health-care.html?smprod=nytcore-ipad&smid=nytcore-ipad-share