Microeconomics+2017

Steve Balazs stbalazs@darienps.org Telephone 655-3981 extension 2205 Textbook: [[McConnell 18th Edition [] - - NOTE]] THE WEBSITE ALSO IS LOADED WITH STUDY MATERIAL

Good tutorial site---www.reffonomics.com @http://www.nytimes.com/2016/10/23/upshot/i-paid-2500-for-a-hamilton-ticket-im-happy-about-it.html?_r=0
 * Also try Khanacademy.org **
 * scarcity and Hamilton tickets **


 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon FedReserve monetary policy packet.pdf" link="file:stbalazs/apecon FedReserve monetary policy packet.pdf"]] ||
 * apecon FedReserve monetary policy packet.pdf ||
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro mon fiscal policy Agg Supply wksht.pdf" link="file:stbalazs/apecon macro mon fiscal policy Agg Supply wksht.pdf"]] ||
 * apecon macro mon fiscal policy Agg Supply wksht.pdf ||
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro tools fiscal policy wksht.pdf" link="file:stbalazs/apecon macro tools fiscal policy wksht.pdf"]] ||
 * apecon macro tools fiscal policy wksht.pdf ||


 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro fisc and Monetary policy Agg Supply wkht.pdf" link="file:stbalazs/apecon macro fisc and Monetary policy Agg Supply wkht.pdf"]] ||
 * apecon macro fisc and Monetary policy Agg Supply wkht.pdf ||



Monetary policy and Federal Reserve worksheets
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro Fed Monetary policy wksht.pdf" link="file:stbalazs/apecon macro Fed Monetary policy wksht.pdf"]] ||
 * apecon macro Fed Monetary policy wksht.pdf ||
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro fed reserve and banking wksht.pdf" link="file:stbalazs/apecon macro fed reserve and banking wksht.pdf"]] ||
 * apecon macro fed reserve and banking wksht.pdf ||


 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro monetary fed banks create money wksht.pdf" link="file:stbalazs/apecon macro monetary fed banks create money wksht.pdf"]] ||
 * apecon macro monetary fed banks create money wksht.pdf ||

business cycles and growth wkshts
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro bus cycles productivity wksht.pdf" link="file:stbalazs/apecon macro bus cycles productivity wksht.pdf"]] ||
 * apecon macro bus cycles productivity wksht.pdf ||


 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon AggDem AggSupp Infl unemp wksht.pdf" link="file:stbalazs/apecon AggDem AggSupp Infl unemp wksht.pdf"]] ||
 * apecon AggDem AggSupp Infl unemp wksht.pdf ||
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro wksht gdp infl unempl packet 1 2016.pdf" link="file:stbalazs/apecon macro wksht gdp infl unempl packet 1 2016.pdf"]] ||
 * apecon macro wksht gdp infl unempl packet 1 2016.pdf ||


 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon macro infl unempl phillips curve wksht.pdf" link="file:stbalazs/apecon macro infl unempl phillips curve wksht.pdf"]] ||
 * apecon macro infl unempl phillips curve wksht.pdf ||

Readings for Macroeconomics- p. 466-475 (Macroeconomics) p479-494 (GDP) p. 521-535 (inflation and unemployment)
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon AggDem AggSupp Infl unemp wksht.pdf" link="file:stbalazs/apecon AggDem AggSupp Infl unemp wksht.pdf"]] ||
 * apecon AggDem AggSupp Infl unemp wksht.pdf ||

Apecon ch16


 * aoecon ch16 review guide.pdf ||


 * [|Details]
 * [[file:stbalazs/aoecon ch16 review guide.pdf|Download]]
 * 790 KB

crumbling infrastructure [] economics of stadiums [] Elizabeth Warren- Nobody Got Rich without Government [] rick santelli [] Cap n Trade v. Carbon Tax [] Climate change- costs/benefits []

[] Jimmy Kimmel []

UNTIL 3/21 Ronald Coase Obituary [] interview-- [] Carbon Tax and Cap and Trade- [] Khan Academy- Positive Externalities and deadweight loss [] Khan Academy- negative Externalites and deadweight loss [] Khan Academy- Externalities, Taxes and Deadweight Loss [] Chapter 12
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch16 econed wksht.pdf" link="file:stbalazs/apecon ch16 econed wksht.pdf"]] ||
 * apecon ch16 econed wksht.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch16 econed wksht.pdf|Download]]
 * 992 KB
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch12 review packet.pdf" link="file:stbalazs/apecon ch12 review packet.pdf"]] ||
 * apecon ch12 review packet.pdf ||


 * [|Details]
 * [[file:stbalazs/apecon ch12 review packet.pdf|Download]]
 * 581 KB
 * [[image:https://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch13 rev packet abridged.pdf" link="file:stbalazs/apecon ch13 rev packet abridged.pdf"]] ||
 * apecon ch13 rev packet abridged.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch13 rev packet abridged.pdf|Download]]
 * 223 KB
 * [[image:https://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="apecon ch12 primer.docx" link="file:stbalazs/apecon ch12 primer.docx"]] ||
 * apecon ch12 primer.docx ||
 * [|Details]
 * [[file:stbalazs/apecon ch12 primer.docx|Download]]
 * 14 KB
 * PEcon ch12 Resource Factor Production.ppt ||
 * PEcon ch12 Resource Factor Production.ppt ||
 * [|Details]
 * [[file:stbalazs/APEcon ch12 Resource Factor Production.ppt|Download]]
 * 1 MB

__ [] __ https://www.youtube.com/watch?v=5IsoaOOWOZg https://www.youtube.com/watch?v=EHFT4U2-yFI (is it working?) __ [] __ __ [] __ [] Factors of Production- [] Oligopsony? https://www.pbs.org/newshour/show/brink-jobless-future (jobless future 2017) https://www.youtube.com/watch?v=wb2cI_gJUok (man v. machine 2012) https://www.youtube.com/watch?v=zwwPtKiIn4M (labor saving 2015
 * Minimum wage? worth it? $15 per hour **

Oligopoly [] Game Theory []

Beautiful Mind- Nash Equillibrium bar scene __ [] __ Wendy's Commercial __ [|http://www.bing.com/videos/search?q=russian+fashion+show+wendy's&view=detail&mid=D80AF40904C01567AA94D80AF40904C01567AA94&FORM=VIRE1] __ Concentration Ratios __ [] __ Beautiful Mind bar, Nash Equillibrium Scene __ [] __

Good and clear explanation of Nash Equillibrium pt 1 __ [] __ pt 2 [] Jane Austen and Game Theory [] Updated description of Beer Industry []

READ CHAPTERS 11 AND 11APPENDIX
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="apecon primer Kinked Demand Curve ch11 Oligopoly.docx" link="file:stbalazs/apecon primer Kinked Demand Curve ch11 Oligopoly.docx"]] ||
 * apecon primer Kinked Demand Curve ch11 Oligopoly.docx ||
 * [|Details]
 * [[file:stbalazs/apecon primer Kinked Demand Curve ch11 Oligopoly.docx|Download]]
 * 95 KB

In class worksheet
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch11 monop oligop econed wksht 16 to17 pdf.pdf" link="file:stbalazs/apecon ch11 monop oligop econed wksht 16 to17 pdf.pdf"]] ||
 * apecon ch11 monop oligop econed wksht 16 to17 pdf.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch11 monop oligop econed wksht 16 to17 pdf.pdf|Download]]
 * 804 KB

Powerpoint
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch11 monopolistic oligopolistic comp.pdf" link="file:stbalazs/apecon ch11 monopolistic oligopolistic comp.pdf"]] ||
 * apecon ch11 monopolistic oligopolistic comp.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch11 monopolistic oligopolistic comp.pdf|Download]]
 * 177 KB


 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch11 wksht monpololistic olig wksht.pdf" link="file:stbalazs/apecon ch11 wksht monpololistic olig wksht.pdf"]] ||
 * apecon ch11 wksht monpololistic olig wksht.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch11 wksht monpololistic olig wksht.pdf|Download]]
 * 1 MB

Chapter 10 Read through p. 201-211 by Tuesday 12/22. Complete practice quiz on p. 208
Answers to worksheets Complete reading of chapter 10 by Tuesday, January 5, complete key questions 5, 6 and 12. Likely there will be a quiz the week of January 4 https://www.youtube.com/watch?v=zXzcHyYDLLE Amazon story
 * [|Details]
 * [[file:stbalazs/APEcon ch10 monopoly review.pdf|Download]]
 * 647 KB
 * [|Details]
 * [[file:stbalazs/APEcon ch10 monopoly ppt.pdf|Download]]
 * 133 KB
 * [|Details]
 * [[file:stbalazs/apecon C10 monopoly worksheet.pdf|Download]]
 * 1 MB
 * [|Details]
 * [[file:stbalazs/apecon monopoly act 3-10 to 3-15.pdf|Download]]
 * 1 MB
 * [|Details]
 * [[file:stbalazs/APEcon ch10 pure monopoly primer.docx|Download]]
 * 15 KB

Drugs, Patents and lobbying __ [|http://www.pbs.org/newshour/videos/#166573] __

Luxottica-- monopoly [] Monopoly- [] []

__ Facebook and whatsapp __

[]

Milton Friedman

[]

__ De Beers Monpooly __

[]

__ pharmaceutical companies and rent seeking __

Chapter 9 // **Chapter 9** // https://www.youtube.com/watch?v=Mgl8ZVnezyw
 * Perfect (Pure) competition **

// **Chapter 9** // []
 * Perfect (Pure) competition **


 * [|Details]
 * [[file:stbalazs/APEcon ch9 pure competition primer.docx|Download]]
 * 15 KB
 * [|Details]
 * [[file:stbalazs/apecon ch9 pure competiton final primer alloc prod lr.docx|Download]]
 * 15 KB


 * [|Details]
 * [[file:stbalazs/apecon ch9 wksht package.pdf|Download]]
 * 693 KB[[file:APEcon answers Activity 3-6 to 3-10.pdf]]



**elasticity** https://www.youtube.com/watch?v=ZDPNY7yfjsE

Behavioural economics and Gifting [] NUDGE __ [] __ $740 for a SRO ticket __ [] __ Videos http://www.pbs.org/newshour/bb/economists-think-differently-humans/ http://www.pbs.org/newshour/making-sense/why-not-give-money-instead-of/ http://www.pbs.org/newshour/making-sense/what-are-your-christmas-gifts-worth-to-you/ http://www.pbs.org/newshour/bb/if-santas-workshop-was-run-by-behavioral-economists/ http://www.pbs.org/newshour/making-sense/the-economic-waste-of-christma/ Great Article on Surge/Congestion Pricing and the Real World-- @https://www.nytimes.com/2017/10/14/upshot/why-surge-prices-make-us-so-mad-what-springsteen-home-depot-and-a-nobel-winner-know.html with some extra!
 * Complete 2/3rd of Mr. Stepsis ch7 quizzes/tests earn 2 points for chapter 7 test, complete all get 4 points added**.- must be completed by Thursday 11/13
 * [|Details]
 * [[file:stbalazs/apecon ch3 d-s worksheet pt1.pdf|Download]]
 * 1 MB
 * [|Details]
 * [[file:stbalazs/apecon ch3 d-s ppt pdf format.pdf|Download]]
 * 285 KB
 * [|Details]
 * [[file:stbalazs/apecon ch3 inclass worksheet answer.pdf|Download]]
 * 2 MB
 * [|Details]
 * [[file:stbalazs/apecon ch3 review packet.pdf|Download]]
 * 1 MB
 * [|Details]
 * [[file:stbalazs/apecon ch3 wksht.pdf|Download]]
 * 2 MB

chapter 2 and 4
 * [|Details]
 * [[file:stbalazs/APEcon ch2 4 Taxes- fair progr lorenz curve.pdf|Download]]
 * 334 KB


 * [|Details]
 * [[file:stbalazs/apecon India Private Prop laws court.pdf|Download]]
 * 33 KB

__ [] __- Red Ink __ [] income inequality __

Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want! NOTE: Tax spreadsheets handed out in class on Friday 9/26 NOTE: CH4 REVIEW PACKET IS MISSING MULTIPLE CHOICE ANSWERS --SEE ATTACHED FOR ANSWERS
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.spreadsheetml.sheet.png caption="APEcon tax rates worksheet practice limited answers.xlsx" link="file:stbalazs/APEcon tax rates worksheet practice limited answers.xlsx"]] ||
 * APEcon tax rates worksheet practice limited answers.xlsx ||
 * [|Details]
 * [[file:stbalazs/APEcon tax rates worksheet practice limited answers.xlsx|Download]]
 * 29 KB
 * tutorial** for tax worksheet
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="APEcon tax rates worksheet explanation.docx" link="file:stbalazs/APEcon tax rates worksheet explanation.docx"]] ||
 * APEcon tax rates worksheet explanation.docx ||
 * [|Details]
 * [[file:stbalazs/APEcon tax rates worksheet explanation.docx|Download]]
 * 13 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="apecon ch4 rev packet multiple choice ans.docx" link="file:stbalazs/apecon ch4 rev packet multiple choice ans.docx"]] ||
 * apecon ch4 rev packet multiple choice ans.docx ||




 * [|Details]
 * [[file:stbalazs/apecon ch4 rev packet multiple choice ans.docx|Download]]
 * 13 KB


 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch2 packet.pdf" link="file:stbalazs/apecon ch2 packet.pdf"]] ||
 * apecon ch2 packet.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch2 packet.pdf|Download]]
 * 639 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch4 review -ch2 and 4.pdf" link="file:stbalazs/apecon ch4 review -ch2 and 4.pdf"]] ||
 * apecon ch4 review -ch2 and 4.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch4 review -ch2 and 4.pdf|Download]]
 * 630 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="apecon ch2 4 markets.pptx" link="file:stbalazs/apecon ch2 4 markets.pptx"]] ||
 * apecon ch2 4 markets.pptx ||
 * [|Details]
 * [[file:stbalazs/apecon ch2 4 markets.pptx|Download]]
 * 50 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch4 rev package.pdf" link="file:stbalazs/apecon ch4 rev package.pdf"]] ||
 * apecon ch4 rev package.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch4 rev package.pdf|Download]]
 * 602 KB

2nd test will be on Chapter 2 and 4 as well as other material assigned. All homework should be typed except graphs and diagrams can be handwritten Week of 9/15- Read Chapter 2

[]

__ [] __- Red Ink __ [] income inequality __

Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want! NOTE: Tax spreadsheets handed out in class on Friday 9/26 NOTE: CH4 REVIEW PACKET IS MISSING MULTIPLE CHOICE ANSWERS --SEE ATTACHED FOR ANSWERS
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.spreadsheetml.sheet.png caption="APEcon tax rates worksheet practice limited answers.xlsx" link="file:stbalazs/APEcon tax rates worksheet practice limited answers.xlsx"]] ||
 * APEcon tax rates worksheet practice limited answers.xlsx ||
 * [|Details]
 * [[file:stbalazs/APEcon tax rates worksheet practice limited answers.xlsx|Download]]
 * 29 KB
 * tutorial** for tax worksheet
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="APEcon tax rates worksheet explanation.docx" link="file:stbalazs/APEcon tax rates worksheet explanation.docx"]] ||
 * APEcon tax rates worksheet explanation.docx ||
 * [|Details]
 * [[file:stbalazs/APEcon tax rates worksheet explanation.docx|Download]]
 * 13 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.wordprocessingml.document.png caption="apecon ch4 rev packet multiple choice ans.docx" link="file:stbalazs/apecon ch4 rev packet multiple choice ans.docx"]] ||
 * apecon ch4 rev packet multiple choice ans.docx ||




 * [|Details]
 * [[file:stbalazs/apecon ch4 rev packet multiple choice ans.docx|Download]]
 * 13 KB


 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch2 packet.pdf" link="file:stbalazs/apecon ch2 packet.pdf"]] ||
 * apecon ch2 packet.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch2 packet.pdf|Download]]
 * 639 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch4 review -ch2 and 4.pdf" link="file:stbalazs/apecon ch4 review -ch2 and 4.pdf"]] ||
 * apecon ch4 review -ch2 and 4.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch4 review -ch2 and 4.pdf|Download]]
 * 630 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="apecon ch2 4 markets.pptx" link="file:stbalazs/apecon ch2 4 markets.pptx"]] ||
 * apecon ch2 4 markets.pptx ||
 * [|Details]
 * [[file:stbalazs/apecon ch2 4 markets.pptx|Download]]
 * 50 KB
 * [[image:http://www.wikispaces.com/i/mime/32/application/pdf.png caption="apecon ch4 rev package.pdf" link="file:stbalazs/apecon ch4 rev package.pdf"]] ||
 * apecon ch4 rev package.pdf ||
 * [|Details]
 * [[file:stbalazs/apecon ch4 rev package.pdf|Download]]
 * 602 KB

2nd test will be on Chapter 2 and 4 as well as other material assigned. All homework should be typed except graphs and diagrams can be handwritten

Test chapter 1 and 5
 * FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST.**
 * IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS**
 * -RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027**
 * - YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS**
 * - ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange**


 * chapter 5 review packet available on Classroom.Google**


 * [|Details]
 * [[file:stbalazs/apecon ch1 questions.pdf|Download]]
 * 1 MB


 * [|Details]
 * [[file:stbalazs/APEcon Ch. 1 1st part.ppsx|Download]]
 * 56 KB

(several slides on Comparative Advantage)
 * [[image:https://ssl.wikicdn.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="APEcon Ch. 1 1st part.pptx" link="file:stbalazs/APEcon Ch. 1 1st part.pptx"]] ||
 * APEcon Ch. 1 1st part.pptx ||
 * [|Details]
 * [[file:stbalazs/APEcon Ch. 1 1st part.pptx|Download]]
 * 63 KB
 * [[image:https://ssl.wikicdn.com/i/mime/32/application/pdf.png caption="APecon Investing Abroad World Trade 2011.pdf" link="file:stbalazs/APecon Investing Abroad World Trade 2011.pdf"]] ||
 * APecon Investing Abroad World Trade 2011.pdf ||
 * [|Details]
 * [[file:stbalazs/APecon Investing Abroad World Trade 2011.pdf|Download]]
 * 1 MB


 * [[image:https://ssl.wikicdn.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="apecon Prod Poss Curve (PPC) ppt.pptx" link="file:stbalazs/apecon Prod Poss Curve (PPC) ppt.pptx"]] ||
 * apecon Prod Poss Curve (PPC) ppt.pptx ||
 * [|Details]
 * [[file:stbalazs/apecon Prod Poss Curve (PPC) ppt.pptx|Download]]
 * 74 KB

benefit corp. https://www.youtube.com/watch?v=G9OUjlxqE9A Shared economy- AirBNB https://www.youtube.com/watch?v=O4YXbj0tMjs

https://taxfoundation.org/income-taxes-account-largest-share-federal-revenue/ > Do reducing taxes help the economy? @https://www.washingtonpost.com/news/posteverything/wp/2017/09/28/i-helped-create-the-gop-tax-myth-trump-is-wrong-tax-cuts-dont-equal-growth/?tid=pm_pop&utm_term=.2e848f3897c6

**//https://www.youtube.com/watch?v=ZftEzWGD2Z8&disable_polymer=true//**
Test chapter 1 and 5
 * FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST. **
 * IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS **
 * -RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027 **
 * - YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS **
 * - ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange **

(several slides on Comparative Advantage)
 * chapter 5 review packet available on Classroom.Google **
 * APEcon Ch. 1 1st part.pptx ||
 * APEcon Ch. 1 1st part.pptx ||
 * [|Details]
 * [[file:stbalazs/APEcon Ch. 1 1st part.pptx|Download]]
 * 63 KB
 * [[image:https://ssl.wikicdn.com/i/mime/32/application/pdf.png caption="APecon Investing Abroad World Trade 2011.pdf" link="file:stbalazs/APecon Investing Abroad World Trade 2011.pdf"]] ||
 * APecon Investing Abroad World Trade 2011.pdf ||
 * [|Details]
 * [[file:stbalazs/APecon Investing Abroad World Trade 2011.pdf|Download]]
 * 1 MB

Test chapter 1 and 5 also p. 746-750

chapter 5 review guide


 * FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST. **


 * IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS **


 * -RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027 **


 * - YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS **


 * - ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange **


 * chapter 5 review packet available on Classroom.Google **


 * [|Details]
 * [[file:stbalazs/apecon ch1 questions.pdf|Download]]
 * 1 MB


 * [|Details]
 * [[file:stbalazs/APEcon Ch. 1 1st part.ppsx|Download]]
 * 56 KB
 * [[image:https://ssl.wikicdn.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="APEcon Ch. 1 1st part.pptx" link="file:stbalazs/APEcon Ch. 1 1st part.pptx"]] ||
 * APEcon Ch. 1 1st part.pptx ||




 * [|Details]
 * [[file:stbalazs/APEcon Ch. 1 1st part.pptx|Download]]
 * 63 KB


 * [[image:https://ssl.wikicdn.com/i/mime/32/application/pdf.png caption="APecon Investing Abroad World Trade 2011.pdf" link="file:stbalazs/APecon Investing Abroad World Trade 2011.pdf"]] ||
 * APecon Investing Abroad World Trade 2011.pdf ||




 * [|Details]
 * [[file:stbalazs/APecon Investing Abroad World Trade 2011.pdf|Download]]
 * 1 MB

(several slides on Comparative Advantage)


 * [[image:https://ssl.wikicdn.com/i/mime/32/application/vnd.openxmlformats-officedocument.presentationml.presentation.png caption="apecon Prod Poss Curve (PPC) ppt.pptx" link="file:stbalazs/apecon Prod Poss Curve (PPC) ppt.pptx"]] ||
 * apecon Prod Poss Curve (PPC) ppt.pptx ||




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 * [[file:stbalazs/apecon Prod Poss Curve (PPC) ppt.pptx|Download]]
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Other material https://www.youtube.com/watch?v=2RgJE8a6k6M = = https://www.youtube.com/watch?v=zWL-437Hkd8 https://www.youtube.com/watch?v=zWL-437Hkd8 https://www.youtube.com/watch?v=zWL-437Hkd8 Productivity- The Dark Side (laundromat) https://www.youtube.com/watch?v=F4RJap3NZPY https://www.youtube.com/watch?v=w16oEH05YBM https://www.youtube.com/watch?v=uGcU06fhKq8 https://www.youtube.com/watch?v=NtnQbHZ2P7E https://www.youtube.com/watch?v=6DfRVYoyPMg
 * Paul Solman videos**
 * Competition and Deregulation (creative destruction and cost of regulation focus on airlines)**
 * Macroeconomics**
 * the business cycle**
 * productivity**
 * specialization**
 * Private Property**
 * capitalism v. socialism**
 * Externalities**

https://www.youtube.com/watch?v=TebUl_Rh0Sg&disable_polymer=true https://www.youtube.com/watch?v=Ss9Ct3_JFd4 https://www.youtube.com/watch?v=zWL-437Hkd8 https://www.youtube.com/watch?v=ivqhZ4fQrro https://www.youtube.com/watch?v=ictUYjkQeZU Oprah Curve- https://www.youtube.com/watch?v=6DfRVYoyPMg https://www.youtube.com/watch?v=1eO90aV-5G8 https://www.youtube.com/watch?v=ZDPNY7yfjsE https://www.youtube.com/watch?v=Rzl7wc0JhYU //**Chapter 9**// https://www.youtube.com/watch?v=1eO90aV-5G8
 * Chapter 3**
 * supply curve**
 * the demand curve**
 * equillibrium**
 * Curve Shifting**
 * Pareto Optimal and maximizing Surplus**
 * Oprah Curve- Supply Curve (inequality)**
 * DEADWeight Loss- Christmas**
 * chapter 6**
 * Marginal Productivity and Street Smarts**
 * elasticity**
 * opportunity costs**
 * Perfect (Pure) competition**

https://www.youtube.com/watch?v=eyzDtyy_ghw
 * Problems in Capitalism**
 * Chapter 4**
 * Profit**

https://www.youtube.com/watch?v=6P3PKU8yvoY https://www.youtube.com/watch?v=6P3PKU8yvoY
 * Business Ethics I**
 * Business Ethics II (principle-agent)**

https://www.youtube.com/watch?v=KkQI_rsg_Ds https://www.youtube.com/watch?v=Sufm3WhQM40&disable_polymer=true https://www.youtube.com/watch?v=SXchmYoAMAg
 * Macro Issues**
 * Deficit and Debt**
 * Fed Reserve I**
 * Fed ReserveII**