ECO 204  Economics -- Micro    

Text is by Bernanke, 3rd Edition    

Spring 2008           Tuesday

Course Syllabus     Dictionary Online

 

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Grading Scale with plus or minus letter equivalencies:

 

A 100 - 93

B   85 - 83

C  75 - 73

D  65 - 63

A- 92  -89

B-  82 - 80

C- 72 - 70

D- 62 - 60

B+ 88  -86

C+ 79 - 76

D+ 69 - 66

F< 59

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On the Net: Text Book Web Site: Key Concepts, PowerPoint's, Multiple Choice Quizzes

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My contribution to the Greenspan Era Feb 4, 2006, "Shining Star of the Fed" by Laura Bayard of The Daily News, West Bend, WI

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"Bernanke - A Guide to the New FED Chairman" by Lehman Brothers, Inc."

                  On electronic reserve in the UWWC virtual Library site:  

                   http://washington.uwc.edu/library/default.htm

                   Click on Course Reserves and type in  MURYN and click on ECO 203 or ECO 204.

                   Write an Economic Opinion paper on the Marginal Benefit exceeding or equaling

                   the Marginal Cost of having Bernanke as the Chairman of the Fed. This is worth

                   seven extra credit points added to  Exam Three.  The paper is due on Exam

                   Three's text taking date.

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Extra Credit on Exam Two is found in the UWWC Library:

For four points will be earned and added to Exam Two and/or Three after you write a one page summary on any of the chapters in:

“Freakonomics: A Rogue Economist Explores the Hidden Side of Everything”

by Steven D. Levitt and Stephen J. Dubner, 2006. 

 The first chapter is:

 “Chapter 1: What Do School teachers and Sumo Wrestlers Have in Common?”

Lecture Notes

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Chapter 3

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Chapter 4

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Chapter 5

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Chapter 6

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Chapter 7

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Chapter 8

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Chapter 9

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Chapter 10

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Chapter 11

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Chapter 12

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Chapter 13

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Chapter 14

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     2005 US Poverty Rates

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Chapter 15

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Chapter 16

 

 

 

 

 

 

 

 

 

 

 

Notes for 16th Edition Brue and McConnell

   Course Syllabus     Merriam-Webster On Line

 

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Grading Scale with plus or minus letters equivalences:

 

A 100 - 93

B   85 - 83

C  75 - 73

D  65 - 63

A- 92  -89

B-  82 - 80

C- 72 - 70

D- 62 - 60

B+ 88  -86

C+ 79 - 76

D+ 69 - 66

F< 59

bullet

My contribution to the Greenspan Era Feb 4, 2006, "Shining Star of the Fed" by Laura Bayard of The Daily News, West Bend, WI

bullet

"Bernanke - A Guide to the New FED Chairman" by Lehman Brothers, Inc."

                  On electronic reserve in the UWWC virtual Library site:  

                   http://washington.uwc.edu/library/default.htm

                   Click on Course Reserves and type in  MURYN and click on ECO 203 or ECO 204.

                   Write an Economic Opinion paper on the Marginal Benefit exceeding or equaling

                   the Marginal Cost of having Bernanke as the Chairman of the Fed. This is worth

                   seven extra credit points added to  Exam Three.  The paper is due on Exam

                   Three's text taking date.

bullet

Extra Credit on Exam Two is found in the UWWC Library:

For four points added to Exam Two write a one page summary of either the Introduction or Chapter One of:

“Freakonomics: A Rogue Economist Explores the Hidden Side of Everything”

by Steven D. Levitt and Stephen J. Dubner, 2006. 

A hard copy of the “e-book excerpt” from “perfect bound” is on reserve in the UWWC Library:

You may choose either,

 “Introduction: The Hidden Side of Everything”,

Or,

 “Chapter 1: What Do School teachers and Sumo Wrestlers Have in Common?”

 
bullet United States Economic Indictors January 2004
bulletChapter 3  Individual Markets: Demand and Supply
bullet    Chapter 3 Quiz Answers: 1.C    2. C    3. C    4. C    5. B    6. D    7. C     8. D     9. D    10. B
bullet    Solution to Problem 11 in Chapter 3 or 3-11.
bullet    "For the Heatlh-Unconscious, Era of Mammoth Burger is Here'  WSJ 01-27-05
bullet    "Consolidation of Oil-Refining Business Is Likely to Lead to Spike in Gas Prices" WSJ 01-24-02
bullet     "Social Issues Meet Market Models in the Work of the New Economists'  WSJ 04-27-01
bulletChapter 20 Elasticities of Demand and Supply
bulletChapter 21 Consumer Behavior and Utility Maximization 
bulletA vice president of a company argues that the president of the company should  raise workers’ wages if the president wants less absenteeism.  The president says that wages probably should be cut so that the workers could not afford to miss so much work.  Evaluate the two views using the income and substitution effects in your analysis. Answer
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Chapter 22 The Costs of Production

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     "The Lowly Carp is a 1$ Million Catch...." Wall Street Journal 02-15-05

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     "Low Taxes do What" by Thomas Stowell Wall Street Journal 02-24-04

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Chapter 23 Pure Competition

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      Chapter 23 Power Point

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Sample Exam 1 click here. (pdf format)

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Chapter 24 Pure Monopoly

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        PowerPoint on Pure Monopoly

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        Answer to Page 277 #3 Study Guide Problem on a Discriminating Monopolist

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        Answer to Chapter 24 Number 8 Problem

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Chapter 25 Monopolistic Competition and Oligopoly

                  "The Oligopoly Watch", Wall Street Journal Feb. 25, 2002

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Chapter 26 Technology, R&D, and Efficiency

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          "Free Degrees to Fly", Feb. 24, 2005, "Globalisation", Economist Magazine

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Chapter 27 The Demand for Resources.  

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        Chapter 27 Summary Power Point

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        Chapter 27 In Class Sample Quiz

Sample Exam II with answers click, please click (.pfd format).

bulletChapter 28 Wage Determination 
bullet    Chapter 28 Power Point
bullet    Chapter 28 One Page Summary on Wage Determination
bullet    2000 State Occupational Employment and Wage Estimates Wisconsin
bulletChapter 29 Rent, Interest, and Profit
bulletChapter 30 Government and Market Failure
bullet    Chapter 30 Power Point
bulletChapter 32 Antitrust Policy and Regulation
bullet     Chapter 32 Power Point Summary
bullet     Chapter 32 Practice Quiz with answers. (pfd format).

Sample Exam III with answers click, please click (.pfd format).

bulletChapter 34 Income Inequality and Poverty
bullet      Chapter 34 Power Point
bullet      2003 POVERTY HIGHLIGHTS
bulletChapter 36 The Economics of Health Care 
bulletChapter 37 International Trade
bullet        Chapter 37 Power Point
bulletAnswers to Key Questions on the Internet or in the back of the Study Guide 

Review for the final exam: Sample Exam

Review the concepts for the ECO 204's Final Exam:

               Subject

·             Price Elasticity

·             Marginal Utility of Product x and y.

·             Law of Diminishing Returns

·             Pure Competition

·             Pure Monopoly

·           Monopolistic Competition

·             Technology, R & D, & Efficiency

·              The Demand for Resources

·              Monopsony Model

·            Rent, Interest, & Profit

·           Government & Market Failures

·        Essay :   Antitrust Policy and Regulation  &  Income, Inequality, & Poverty

     Essay: International Trade

 

 

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Good for Five points added your final exam grade by going to this site:

 http://www.ProhibitionCosts.org

And write at least a one page economic position statement on: “Budgetary Implications of Marijuana Prohibition in the United States” by Jeffery Miron, Professor of Economics, Boston University, dated December 2004.  This is due on the day of the final exam.

         

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