ECN211 Macroeconomic Principles

Announcements

| Macro | Micro |
| Announcements | Resources | Outline | Syllabus | Home Page |

 

 

 

Latest Important Macro News!

Date Posted: 12/05/14

The Latest Job Report.....

Nov 2014 U.S. Unemployment......

Latest Important Macro News!

Date Posted: 11/21/14

What id QE Anyway?? (Chapter 16)

China Rate Cut!!!!!!!!

China Rate Cut!!!!

Latest Important Macro News!

Date Posted: 11/20/14

Very Useful Article in 2012 on Fed (Chapter 16)

Latest Important Macro News!

Date Posted: 11/19/14

The Minutes of October Fed's Meeting.....

Latest Important Macro News!

Date Posted: 11/14/14

U.S. Fed's Dual Mandate....

More Americans.....

The Fed Buying (Chapter 16)....

Russian Ruble.....

The Fed and Interest Rate (Chapter 16)

Fed Taking Away (Chapter 16)

Income Inequality......

The Fed and QE (Chapter 16)

Euro Zone......

Nearly Half......

Bernanke Doesn't (Chapter 16)

The Fed's Moves (Chapter 16)

A Letter from Bernanke (Chapter 16)

Fed's Lendings!!! (Chapter 16)

The Legacy of Bernanke.... (Chapter 16)

First Yellen's Conference (Chapter 16)

Inflation VS Deflation.....

Latest Important Macro News!

Date Posted: 11/12/14

News Hour on October 2014 U.S. Unemployment...

October 2014 U.S. Unemployment

Latest Important Macro News!

Date Posted: 11/7/14

US Oct 2014 Unemployment

Least Paying...................

Latest Important Macro News!

Date Posted: 10/31/14

ECB.....

BOJ.....

European Banks....

College Students....

Cheap Oil....

Russian Central Bank...

Brazil Central Bank....

Euro Zone......

Janett Yellen on Income Inequality

Latest Important Macro News!

Date Posted: 10/20/14

Charlie Rose.....

Charlie Rose........

Latest Important Macro News!

Date Posted: 10/10/14

Budget.....

Latest Important Macro News!

Date Posted: 10/06/14

Income Inequality....

Sept U.S. Unemployment...

Sept U.S. Job Report....

Min Wage.....

Why People....???

Latest Important Macro News!

Date Posted: 9/30/14

Taxing The Rich (Chapt 8, 2010)

Mr. Laffer!!! (Chapt 8, 2012)

Do Higher Taxes??? (Chapt 8, 2011)

Latest Important Macro News!

Date Posted: 9/10/14

Students' Loan

Top Schools....

Wealth Gap....

Income Ineqaulity....

Latest Important Macro News!

Date Posted: 9/02/14

Chapt 1 Funny.....

Latest Important Macro News!

Date Posted: 8/28/14

People.......

Fastest Growing Jobs.....

Disappearing Jobs

Latest Important Macro News!

Date Posted: 7/25/14

Frontline: Poor Kids!!!!!!

Fast Food Workers.....

Latest Important Macro News!

Date Posted: 7/21/14

Giving Pledge!!!!

Latest Important Macro News!

Date Posted: 7/15/14

Janet Yellen

Latest Important Macro News!

Date Posted: 5/20/14

Is It Still Worth Going To College????

Latest Important Macro News!

Date Posted: 4/03/14

The Fed's Moves (Chapter 16)

A Letter from Bernanke (Chapter 16)

Fed's Lendings!!! (Chapter 16)

The Legacy of Bernanke (Chapter 16)

Bernanke (Chapter 16)

Bernanke (Chapter 16)

Bernanke (Chapter 16)

Latest Important Macro News!

Date Posted: 3/21/14

Long Term Unemployment

Latest Important Macro News!

Date Posted: 3/17/14

The DOW (Chapter 13)....

Latest Important Macro News!

Date Posted: 3/11/14

10 Jobs.....

Best Graduate Schools....

Latest Important Macro News!

Date Posted: 2/21/14

Fed's 2008 Transcript....

Latest Important Macro News!

Date Posted: 2/20/14

Gap Rasies....

Home Ownership....

Jobless Claims....

CPI......

Fed Minutes....

Latest Important Macro News!

Date Posted: 2/19/14

Min Wage.....

Emerging Asia....

To My Lovely Students!!!!

Housing Construction.....

Min Wage.....

Latest Important Macro News!

Date Posted: 2/18/14

Americans Celebrate

Japan's Growth.....

UK Inflation.....

Latest Important Macro News!

Date Posted: 2/14/14

Interesting!!!!!

Russia....

China.....

Latest Important Macro News!

Date Posted: 2/13/14

Jobless Claims.....

Bank of England.....

China Export Growth....

Yellen.....

Wholesale Stockpile...

Taxing The Rich (Chapt 8; 2010)

Mr. Laffer (Chapt 8; 2012)

Do Higher Taxes? (Chapter 8; 2011)

Emerging Markets......

Fed Statement..............

Widest Earning Gap.....

Latest Important Macro News!

Date Posted: 2/07/14

U.S. Jan 2014 Unemployment.....

U.S. Productivity......

U.S. Jobless.....

Market Jitters.....

Latest Important Macro News!

Date Posted: 2/04/14

ISM.......

Economic Recovery.....

Australia.....

Long Term Unemployment.....

Lower Deficit.......

Janet Yellen.....

GDP Report.....

Japan Inflation.....

Latest Important Macro News!

Date Posted: 1/30/14

GDP Report.......

Student Loan....

Latest Important Macro News!

Date Posted: 1/29/14

Questions and Answers (Chapter 6)

Latest Important Macro News!

Date Posted: 1/28/14

Min Wage.....

Latest Important Macro News!

Date Posted: 1/23/14

House of Cards (1/28/2008)

LLatest Important Macro News!

Date Posted: 1/13/14

Chapter 1.....(Funny)....

Latest Important Macro News!

Date Posted: 12/18/13

Fed Acts.....

How Raising Min Wage....

Latest Important Macro News!

Date Posted: 11/26/13

Housing Data....

Consumer Cofidence....

Shiller........

Hank Paulson....

Abolish Tipping!!!!!

Latest Important Macro News!

Date Posted: 11/07/13

Skill Gap.....

U.S.Unemployment ....

Fed Doesn't Hate Savers (Chapter 16)

Fed Won't Stop Easing (Chapter 16)

Fed's Moves (Chapter 16)

Fed Launches (Chapter 16)

A Letter From Bernanke (Chapter 16)

Fed's Lendings!!!! (Chapter 16)

What The Fed Knew!!! (Chapter 16)

Fed Could be (Chapter 16)

The Legacy... (Chapter 16)

Bernanke... (Chapter 16)

United State of Underemployment!!!

What Next After ECB....

Latest Important Macro News!

Latest Important Macro News!

Date Posted: 11/04/13

Peter Schiff.....

Latest Important Macro News!

Date Posted: 11/01/13

Mind Over Money (Chap 14)

The Retirement Gamble......

Food Stamp Cuts....

Latest Important Macro News!

Date Posted: 10/24/13

Bond Basics (Chapter 13).....

The DOW Is Not Dead (Chapter 13).....

Latest Important Macro News!

Date Posted: 10/22/13

The Job Report....

U.S. Economists......

15 Percent........

Latest Important Macro News!

Date Posted: 10/17/13

This is What...............

Income Inequality

Cliffhanger......

Fast Food Workers.......

Social Security.......

Gold.........

Budget Deficit....

Latest Important Macro News!

Date Posted: 10/03/13

Hard Time Generation (2011, Chapt 10)

The Recession of 2007.... (Chapter 10)

Close to Home........

Latest Important Macro News!

Date Posted: 10/02/13

Credit Default Swap, 2

Credit Default Swaps, 1

Shattered Dreams......

Latest Important Macro News!

Date Posted: 09/24/13

28 Ways........

Latest Important Macro News!

Date Posted: 09/20/13

Peter Schiff and Laffer.....

Latest Important Macro News!

Date Posted: 09/10/13

Student Loans......

Latest Important Macro News!

Date Posted: 09/07/13

America's Shrinking.....

Latest Important Macro News!

Date Posted: 09/03/13

ISM.......

Part-Time Economy.....

43% of Americans.....

Latest Important Macro News!

Date Posted: 08/21/13

Stagflation

For Profit Colleges.....

Latest Important Macro News!

Date Posted: 08/20/13

Chapter 1 (Funny....)

Latest Important Macro News!

Date Posted: 08/9/13

Interesting!!!!!!!!

Most and Least Trusted Professions!!!

Companies With.....

Latest Important Macro News!

Date Posted: 05/17/13

American Colleges and Ineqaulity...

Latest Important Macro News!

Date Posted: 05/08/13

Big Mac Index!!!!

Latest Important Macro News!

Date Posted: 05/01/13

Worst Schools......

Latest Important Macro News!

Date Posted: 04/29/13

Unemployment Fraud.....

Latest Important Macro News!

Date Posted: 04/04/13

Fed (Chapter 16).....

Fed (Chapter 16).....

Latest Important Macro News!

Date Posted: 04/03/13

Obama......

Latest Important Macro News!

Date Posted: 04/02/13

NBR 3/29/13

Latest Important Macro News!

Date Posted: 03/29/13

Uneployment Paradox, 4/6/12 (Chapt 15)

Latest Important Macro News!

Date Posted: 03/26/13

Wealth Inequality......

New Payroll Tax...........

Latest Important Macro News!

Date Posted: 03/01/13

Phoenix Housing.....

Interesting Article....

Latest Important Macro News!

Date Posted: 02/19/13

Taxing The Rich (Chapt 8)....

Mr. Laffer!!!! (Chapt 8)....

Do Higher Taxes??? (Chapt 8)...

Peter Schiff abnd Laffer.....

Latest Important Macro News!

Date Posted: 02/13/13

Minimum Wage......

Latest Important Macro News!

Date Posted: 02/01/13

EITC (Chapter 6)....

Latest Important Macro News!

Date Posted: 01/22/13

Community Colleges!!!!!

Latest Important Macro News!

Date Posted: 01/18/13

House of Cards (Worth Watching!!!)

Latest Important Macro News!

Date Posted: 12/20/12

Worth Watching!!!!!!

Latest Important Macro News!

Date Posted: 11/27/12

The Five-Year.....

Latest Important Macro News!

Date Posted: 11/14/12

Skills Gap......

Latest Important Macro News!

Date Posted: 10/26/12

US Budget (Chapter 13)!!!!

Europe Debt.....

Taxing The Rich.....10/31/2010

Watch.....

Latest Important Macro News!

Date Posted: 10/24/12

Richest Members of Congress....

Latest Important Macro News!

Date Posted: 10/17/12

Social Security......

Nobel Prize.....

Latest Important Macro News!

Date Posted: 9/13/12

Bernanke......

Best-Value Schools....

The Fed.....

Latest Important Macro News!

Date Posted: 8/31/12

House of Cards....

Latest Important Macro News!

Date Posted: 8/24/12

Chapter 1!!!!! Funny!!!!

Latest Important Macro News!

Date Posted: 6/12/12

Lehman Brothers.....

The Crash of 1929....

The Unemployment Paradox....

An Imperfect Union....

Latest Important Macro News!

Date Posted: 4/27/12

Slow Growth....

What The Fed Knew....

Secrets of Bailouts.....

Latest Important Macro News!

Date Posted: 4/23/12

Global Economy....

It's Time....

Spain.....

College Graduates....

Latest Important Macro News!

Date Posted: 4/05/12

Job Report.....

A Letter from Bernanke (Chapter 16)

QE (Chapter 16)

A Tale.......

Latest Important Macro News!

Date Posted: 4/04/12

ECB.....

Poland.....

How Fed... (Chapter 16)

Fed's Moves (Chapter 16)

Latest Important Macro News!

Date Posted: 3/22/12

Top 1%.....

Insider Trading (Chapt 14)...

Latest Important Macro News!

Date Posted: 3/19/12

Foreign Holding.....

High Speed Trading....

Latest Important Macro News!

Date Posted: 1/04/12

Do Higher Taxes....???

The Perfect Score on SAT!!!

Latest Important Macro News!

Date Posted: 12/21/11

The Go-Go's 90s (Watch it!!!)

Latest Important Macro News!

Date Posted: 12/15/11

1 in 2 are.......

Latest Important Macro News!

Date Posted: 12/06/11

Throw Them All Out.....!!!

Latest Important Macro News!

Date Posted: 11/30/11

Fed's Lendings....

Who to Blame????

Latest Important Macro News!

Date Posted: 11/29/11

The Hard Times Generation...

Latest Important Macro News!

Date Posted: 11/17/11

The Go-Go '90s.....

Latest Important Macro News!

Date Posted: 11/11/11

Bernanke......

A Letter from Bernanke

QE......

Latest Important Macro News!

Date Posted: 11/08/11

US Wealth Gap....

US Poverty Rate...

New Formula for Soc. Sec......

Emerging Markets....

Why a Growing Economy.....

Latest Important Macro News!

Date Posted: 11/03/11

Peter Schiff....

Latest Important Macro News!

Date Posted: 11/02/11

Fed......

Fed.....

Latest Important Macro News!

Date Posted: 10/25/11

60 Minutes, Steve Jobs

Latest Important Macro News!

Date Posted: 10/18/11

Modern Economics....

Latest Important Macro News!

Date Posted: 10/11/11

Few Tears...

The Top 5......

Latest Important Macro News!

Date Posted: 09/30/11

A New Recession!!!!!!!!

To My Lovely Students...!!!

Latest Important Macro News!

Date Posted: 09/22/11

Operation Twist...

Operation Twist....

Greek Government....

Latest Important Macro News!

Date Posted: 08/24/11

The Next Housing Shock!!! (Must See!!!)

Latest Important Macro News!

Date Posted: 08/23/11

CA Higher Education...

Funny!!!!!!!! Chapter 1!!!!

Latest Important Macro News!

Date Posted: 08/08/11

Sickest Housing...

Stuck in Phoenix????

Latest Important Macro News!

Date Posted: 08/04/11

Peter Schiff......

Latest Important Macro News!

Date Posted: 08/03/11

Peter Schiff....

Latest Important Macro News!

Date Posted: 07/012/11

11 Most-Wanted Degrees in '11

10 Reasons.....

June 2011 Job Report.....

Where Have....????

Latest Important Macro News!

Date Posted: 07/07/11

Top 5 In-Demand Degrees

Latest Important Macro News!

Date Posted: 05/18/11

Stock Bubble..... (Chapter 13)

Latest Important Macro News!

Date Posted: 04/28/11

Bernanke Speaks

Latest Important Macro News!

Date Posted: 04/05/11

A Letter from Bernanke... (Chapter 16)

Latest Important Macro News!

Date Posted: 03/28/11

The New Tax Havens....

Peter Schiff...

Latest Important Macro News!

Date Posted: 03/17/11

Chapter 13, Read....

Chapter 13, Watch......

Latest Important Macro News!

Date Posted: 03/08/11

Homeless Kids!!!!

Latest Important Macro News!

Date Posted: 02/24/11

Laffer and Peter Schiff.....

Latest Important Macro News!

Date Posted: 01/26/11

Very Interesting Video!!!!!

Latest Important Macro News!

Date Posted: 01/12/11

60 Minutes 12/19/2010

Latest Important Macro News!

Date Posted: 12/09/10

The Best Degrees....

Latest Important Macro News!

Date Posted: 12/06/10

Nov 2010 Unemployment....

Latest Important Macro News!

Date Posted: 12/01/10

It is OUR KURT!!!!!!

Latest Important Macro News!

Date Posted: 11/29/10

Stockman's Points....

Latest Important Macro News!

Date Posted: 11/12/10

The Best Business Schools 2010

Latest Important Macro News!

Date Posted: 11/01/10

60 Minutes 10/31/2010

5 Reasons....

Latest Important Macro News!

Date Posted: 10/27/10

P/E Ratio (Chapter 14)....

Latest Important Macro News!

Date Posted: 10/18/10

The NewsHour....

Latest Important Macro News!

Date Posted: 10/08/10

Very Interesting Video!!! Thank you Nathan

Latest Important Macro News!

Date Posted: 09/20/10

End of Recession?????

Latest Important Macro News!

Date Posted: 08/30/10

Strategic Defaulters...

Latest Important Macro News!

Date Posted: 08/27/10

Funny!!!!!

Latest Important Macro News!

Date Posted: 08/09/10

Job Report

Long Term Unemployment

Latest Important Macro News!

Date Posted: 06/21/10

The Liquidator.....

Latest Important Macro News!

Date Posted: 05/03/10

Real GDP Vs. True GDP

Latest Important Macro News!

Date Posted: 04/28/10

Mind Over Money...

Latest Important Macro News!

Date Posted: 04/06/10

3/14/10 60 Minutes

Latest Important Macro News!

Date Posted: 03/22/10

Evaluating and Preventing Financial Crisis

Latest Important Macro News!

Date Posted: 02/26/10

Interesting to Watch.....

The Card Games....

Latest Important Macro News!

Date Posted: 02/12/10

Goldman Sachs...

Latest Important Macro News!

Date Posted: 01/04/10

Winners and Losers of 2009

Why No one Warned Us!!!!

Latest Important Macro News!

Date Posted: 11/25/09

FRONTLINE

Latest Important Macro News!

Date Posted: 11/24/09

NewsHour

Latest Important Macro News!

Date Posted: 10/29/09

Frontline, Close to Home (Watch!!!)

Latest Important Macro News!

Date Posted: 09/11/09

The Investment Lessons of 9/11

Latest Important Macro News!

Date Posted: 09/05/09

The News Hour

Latest Important Macro News!

Date Posted: 08/26/09

The News Hour

Latest Important Macro News!

Date Posted: 08/24/09

The News Hour

The News Hour

Front Line

Latest Important Macro News!

Date Posted: 08/18/09

House of Cards!!!!!

Latest Important Macro News!

Date Posted: 08/04/09

Bernanke on News Hour

Latest Important Macro News!

Date Posted: 07/13/09

60 Minutes and Madoff

Latest Important

Date Posted: 06/10/09

Watch: Credit Crisis

Latest Important Macro News!

Date Posted: 05/08/09

The Big Lie.......

Latest Important Macro News!

Date Posted: 04/23/09

Where Does The Money Come From?

Latest Important Macro News!

Date Posted: 04/11/09

Please Watch!!!!!

Latest Important Macro News!

Date Posted: 01/12/09

I.O.U.S.A: The Movie

Latest Important Macro News!

Date Posted: 12/22/08

2008 in Review

Latest Important Macro News!

Date Posted: 12/16/08

Fed Press Release

Latest Important Macro News!

Date Posted: 11/21/08

Clear Financial Fraud

Latest Important Macro News!

Date Posted: 10/29/08

Fed Press Release

Latest Important Macro News!

Date Posted: 08/22/08

Best Colleges 2009

Latest Important Macro News

Date Posted: 03/13/08

Recession Has Arrived

Latest Important Macro News!

Date Posted: 01/30/08

Fed Press Releas

Latest Important Macro News!

Date Posted: 01/22/08

Fed Press Release

Latest Important Macro News

Date Posted: 12/11/07

Fed Press Release

Latest Important Macro News

Date Posted: 10/31/07

Fed Press Release

Latest Important Macro News!

Date Posted: 09/19/07

Fed Press Release

Latest Important Macro News!

Date Posted: 08/17/07

Fed Press Release

Latest Important Macro News!

Date Posted: 08/08/07

Fed Press Release

Latest Important Macro News!

Date Posted: 05/09/07

Fed Press Release

Latest Important Macro News!

Date Posted: 03/21/07

Fed Press Release

Latest Important Macro News!

Date Posted: 02/14/07

Fed Press Release

Latest Important Macro News!

Date Posted:  10/25/06

Fed Press Release

Latest Important Macro News!

Date Posted:  9/20/06

The Fed Press Release

Latest Important Macro News!

Date Posted:  8/08/06

Fed Press Release

Latest Important Macro News!

Date Posted:  7/06/06

Fed Press Release

Latest Important Macro News!

Date Posted:  5/10/06

Fed Press Release

Latest Important Macro News!

Date Posted:  3/28/06

Fed Press Release

Latest Important Macro News!

Date Posted:  1/31/06

Fed Press Release

Latest Important Macro News!

Date Posted:  12/13/05

Fed Press Release

Latest Important Macro News!

Date Posted:  11/01/05

Fed Press Release

Latest Important Macro News!

Date Posted:  09/20/05

Fed Press Release

Latest Important Macro News!

Date Posted:  08/09/05

Fed Press Release

Latest Important Macro News!

Date Posted:  06/30/05

Fed's Press Release

Latest Important Macro News!

Date Posted:  05/03/05

Fed Press Release

Latest Important Macro News!

Date Posted:  03/22/05

Fed Press Release

Latest Important Macro News!

Date Posted:  02/03/05

Fed Press Release

Latest Important Macro News!

Date Posted:  12/14/04

Fed Press Release

 

Chapters 1 & 2:  Extra Credit Questions

The text book for Macroeconomics will be supplemented with many articles handed out in class. Students are also expected to keep up with macroeconomic current events.

There will be many opportunities to earn extra credit points by answering questions in class about the handouts, current events and text book reading assignments.

The following television show is strongly recommended as a way to follow current events and then answer extra credit questions in class.


Nightly Business Report
PBS, M-F @ 10:30 pm

 

The following questions will be answered in class:

  1. Please give a real example in your life of when you had to make a choice. What did you do and what was the outcome?
    Looking back, how would you have done it differently?
    2 extra credit points

  2. More than a decade has passed since the introduction of MARKET ECONOMY into Russia's economy. Do you think it has worked?
    3 extra credit points

  3. Do you think that the state of the economy in the Clinton , Bush and Obama administrations has validated the conclusion of the Phillips curve?
    2 extra credit points

  4. Discuss main points of the handout titled "Economic Literacy".
    Relate this handout to Chapter 1 or 2.
    2 extra credit points

  5. Discuss main points of the handout titled "Is Economics a Science?".
    Relate this handout to Chapter 1 or 2.
    2 extra credit points

  6. Does the handout titled "Freedom and Equality" discuss economic Efficiency or Equity?
    What is the conclusion of this article?
    2 Extra credit points

  7. Relate the article "Crime and Economics" to Chapter 1.
    What is the conclusion of this article?
    2 extra credit points
| top of page |

Chapter 4:  Extra Credit Questions

The following questions will be answered in class:
  1. In 1998, fuel prices plummeted to a 10 year low. Today they are at all time high.
    What factor(s) caused such big fluctuations?
    Show it graphically. Do the same presentation for fuel prices now.
    4 extra credit points

  2. Why do prices of accommodations go down in Summer and go up during the rest of the year in Arizona?
    Show it graphically.
    2 extra credit points

  3. Why doesn't the transportation industry offer discount rates during holidays?
    Show it graphically.
    2 extra credit points

  4. Even though the price of dining out at restaurants has gone up, more people continue to go to restaurants. The law of demand predicts the opposite, therefore the law of demand must be wrong.
    Please provide your comments and be able to support your position.
    2 extra credit points

  5. In the past two years gold prices have gone up dramatically
    Why?
    Show the above effects graphically.
    2 extra credit points

  6. After the September 11 tragedy, heavy losses have been inflicted on Travel and Hospitality industries. Airlines and Hotels are offering substantial discounts to travelers.
    Show and explain these industries' behavior in the context of Chapter 4.
    Relate their behavior to at least two principles of economics learned in Chapter 1.
    2 extra credit points
| top of page |

Chapter 8:  Extra Credit Questions

The following questions will be answered in class:
  1. What are the effects of taxes on the markets?
    2 extra credit points

  2. What is "Dead Weight Loss" and what are its determinants?
    2 extra credit points

  3. What are the differences between Supply Side economics and Demand Side economics?
    What are their tools?
    2 extra credit points

  4. What are VAT Taxes?
    What are Consumption Taxes?
    2 extra credit points

  5. What are the effects of taxes on labor?
    2 extra credit points

  6. Why are taxes on local phone services less distorting than taxes on long distance services?
    2 extra credit points
| top of page |

Chapter 10:  Extra Credit Questions

The following questions will be answered in class:
  1. What is the difference between Nominal GDP and Real GDP?
    Which one is more important and why?
    2 extra credit points

  2. What are the components of GDP from an expenditure and from an income point of view?
    From an expenditure point of view, which item is the biggest contributor to GDP?
    2 extra credit points

  3. What is a GDP deflator?
    What is it used for?
    2 extra credit points

  4. What has been the recent rate of growth in this country?
    How do you compare it to the last US Administration?
    Explain factors which have caused such radical changes in GDP, compared to the past.
    How and why the past and current growth rate has influenced the monetary policy in this country?
    1 extra credit point for each question

  5. In the past, what rate of growth the Fed was comfortable with?
    Why?
    2 extra credit points

  6. What is the concept of "Wealth Effect" and how the Fed in its monetary policy from mid 1999 until mid 2000 utilized it? How can you apply this concept to current economic conditions?
    4 extra credit points
| top of page |

Chapter 11:  Extra Credit Questions

The following questions will be answered in class:
  1. What are CPI and PPI?
    Theoretically, what kind of relationship exists between the two?
    2 extra credit points

  2. What are core CPI and core PPI?
    Why is so much attention paid to the core values?
    2 extra credit points

  3. What was the finding of the 1996 Commission of Economists about the calculation of CPI?
    What are the advantages and disadvantages of the new calculation?
    2 extra credit points

  4. In 1997-1998, the word "deflation" was all over the country.
    What is deflation and what factors contributed to it in 1997-1998?
    Is deflation good or bad for the economy?
    Do you think that currently the U.S. economy is experiencing a deflationary period and can it be beneficial to current economic conditions?
    2 extra credit points

  5. If an index of the general price level is 200, what is the corresponding purchasing power of the dollar?
    1 extra credit point

  6. If the purchasing power of a dollar is 85 cents, what is the general price index?
    1 extra credit point

  7. From mid 1999 until mid 2000 the Fed increased interest rates six times. Name and explain the factors behind such actions.
    2 extra credit points
| top of page |

Chapter 12:  Extra Credit Questions

The following questions will be answered in class:
  1. What is the link between taxes and growth?
    Quantify it.
    2 extra credit points

  2. What factors stimulated growth during the Kennedy administration?
    2 extra credit points

  3. What factors contributed to growth during the Reagan administration?
    2 extra credit points

  4. What is a capital gains tax?
    Why do growth promoters push for a capital gains tax cut?
    2 extra credit points

  5. What are the two schools of thought for "thriving the economy"?
    What is the conclusion of the article "What Drives Growth" in respect to "thriving the economy"?
    4 extra credit points

  6. In the past what has been the role of productivity on inflation?
    Did it work?
    What did happen in 2000-01 which refuted the old argument about the New Economy?
    Name factors.
    What did the Fed do in 1999-2000?
    Why?
    What arguments did the supporters of the New Economy have about the Fed's actions?
    What has happened since then?
    Name current factors and Fed's actions.
    1 extra credit point each

| top of page |

Chapter 13:  Extra Credit Questions

The following questions will be answered in class:
  1. What is the traditional view about budget deficit and its effects? The Clinton Administration subscribed to the traditional view while conservatives don't.
    Present both arguments.
    4 extra credit points

  2. How did the Clinton Administration utilize the budget surplus?
    2 extra credit points

  3. What kind of budget (surplus, deficit) now the US has?
    Why?
    2 extra credit points

  4. Technically, how the US budget can be balanced?
    2 extra credit points

| top of page |

Chapter 15:  Extra Credit Questions

The following questions will be answered in class:
  1. What are the problems associated with the unemployment figures released by the Bureau of Labor Statistics?
    3 extra credit points

  2. What has been the trend of unemployment since 2001?
    Why?
    2 extra credit points

  3. How much is the unemployment rate now and what sector of the economy has been affected the most?
    2 extra credit points

  4. What is the conclusion of the article "Are Jobs Inflationary?" about the relationship between unemployment and inflation? Who has made such a conclusion in this article and what is his relationship with this course?
    3 extra credit points

| top of page |

Chapter 16:  Extra Credit Questions

The following questions will be answered in class:
  1. Give a definition for each of the following financial instruments and provide the rate of return (interest rate) paid currently on each of them: Large Certificate of Deposit; Banker's Acceptance; Repurchase Agreement; Eurodollars; Treasury Bills; Treasury Notes; Treasury Bonds.
    1 extra credit point each

  2. Theoretically, what kind of relationship has existed between M2, Nominal Income and Inflation? In 1990s, M2 lost its value.
    Why? Explain in detail.
    2 extra credit points

  3. All other things constant, what is the Fed's action on interest rates when economy goes into recession and when it goes through expansion?
    Why?
    2 extra credit points

  4. Define the Federal Funds Rate, Discount Rate, and Prime Rate. Give their current rates.
    1 extra credit point each

  5. What did the Fed do with interest rates from May 1999 to mid June 2000?
    Why? Quantify the rates in question 4 at that time?
    1 extra credit point each

  6. What the Fed has done with interest rates from 2001 up to now?
    Why? Explain the factors. Currently how much are the three rates in question 4?
    1 extra credit point each

  7. Why the Fed's actions in 2001 was some how ineffective in jump-starting the economy?
    Name and explain the factors.
    3 extra credit points

  8. Theoretically how the investment community (stock and bond holders) reacts to Fed's moves on interest rates?
    Why? Explain.
    2 extra credit points
  9. What kind of policies the Fed has instituted recenlty and why?
    2 extra credit points

 


| top of page |

You Are Visitor #Visitor Counter

| Macro | Micro |
| Announcements | Resources | Outline | Syllabus | Home Page |


Macro/Announcements     http://www2.pvc.maricopa.edu/~maneshni/111announc.html
Send comments about this web page to: bahman.maneshni@paradisevalley.edu

Last modified: July 21, 2014