ECN211 Macroeconomic
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Latest Important
Macro News!
Date
Posted: 11/17/09
Wholesale
Inflation....
Foreign
Demand for US Assets
Falling
U.S. Dollar....
Fed's
Lacker.... Latest Important
Macro News!
Date
Posted: 11/16/09
Japan
3Q GDP...
Eurozone
CPI...
German
Manufacturing Jobs...
Fed
Will Keep.... Latest Important
Macro News!
Date
Posted: 11/13/09
Trade
Deficit.... Latest Important
Macro News!
Date
Posted: 11/04/09
Fed
Pledges...
Latest Important
Macro News!
Date
Posted: 11/03/09
Australia....
This
Time is Different (go to Nov 2, click on Program#4)
Latest Important
Macro News!
Date
Posted: 10/29/09
GDP
Report...
Latest Important
Macro News!
Date
Posted: 10/22/09
NBR
Latest Important
Macro News!
Date
Posted: 10/05/09
The
NewsHour
60
Minutes
Latest Important
Macro News!
Date
Posted: 09/29/09
Madoff....
Latest Important
Macro News!
Date
Posted: 09/28/09
Social
Security Story...
Emerging
Markets Looking Better
Don't
Believe "V" Shape Latest Important
Macro News!
Date
Posted: 09/24/09
Bernanke
Is Wrong??
Housing
Remains Weak...
Great
Recession.... Latest Important
Macro News!
Date
Posted: 09/17/09
US
Net Worth.....
Watch:
Collapse of Lehamn Brothers Latest Important
Macro News!
Date
Posted: 09/11/09
The
Investment Lessons of 9/11
Latest Important
Macro News!
Date
Posted: 09/10/09
Wall
Street Crisis
Latest Important
Macro News!
Date
Posted: 09/08/09
Layoffs
Toughest.....
The
NBR-Special Report
"Square
Root Shape"!!!!!!!
Latest Important
Macro News!
Date
Posted: 09/05/09
5
Days on The Brink!!!!!
The
NBR
The
News Hour
Very
Hard Labor Day!!! Latest Important
Macro News!
Date
Posted: 09/04/09
Bank
CEOs Still Making Millions!!!
Pay
Gap!!!!!
Latest Important
Macro News!
Date
Posted: 09/01/09
AZ
Reports...
Latest Important
Macro News!
Date
Posted: 08/31/09
60
Minutes
Latest Important
Macro News!
Date
Posted: 08/28/09
Watch
The FDIC Report
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: 08/21/09
AZ
Figures
Latest Important
Macro News!
Date
Posted: 08/19/09
What
Shape???
Latest Important
Macro News!
Date
Posted: 08/18/09
House
of Cards!!!!!
Latest Important
Macro News!
Date
Posted: 08/14/09
The
News Hour
Latest Important
Macro News!
Date
Posted: 08/04/09
Stiglitz Consumer
Spending Rises...
Banks
Win, Taxpayers Lose
Latest Important
Macro News!
Date
Posted: 07/13/09
"Another
Bubble" in Housing???
Min
Wage Going UP
60
Minutes and Madoff
Latest Important
Macro News!
Date
Posted: 06/16/09
Generation
Next: Touch Choices
Higher
Unemployment Hampers Recovery
Latest Important
Macro News!
Date
Posted: 06/10/09
Watch:
Credit Crisis
Failed
Banks
60
Minutes with Bernanke
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: 04/21/09
60
Minutes
Latest Important
Macro News!
Date
Posted: 04/11/09
Please
Watch!!!!!
Latest Important
Macro News!
Date
Posted: 03/18/09
Ben
Bernanke in 60 Minutes
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: 10/24/08
Foreclosure
Alley
Latest Important
Macro News!
Date
Posted: 08/22/08
Best
Colleges 2009
Latest Important
Macro News!
Date
Posted: 05/27/08
Careers
with 2-Year Degree
Latest
Important Macro New
Date
Posted: 03/17/08
Fed
Press Release
Latest Important
Macro News Date
Posted: 03/13/08
Latest Important
Macro News!
Date
Posted: 01/30/08
Latest Important
Macro News!
Date Posted: 01/22/08
Latest Important
Macro News
Date Posted: 12/11/07
Latest Important
Macro News
Date Posted: 10/31/07
Latest Important
Macro News!
Date Posted: 09/19/07
Latest Important
Macro News!
Date Posted: 08/17/07
Latest Important
Macro News!
Date Posted: 08/08/07
Latest Important
Macro News!
Date Posted: 05/09/07
Latest Important
Macro News!
Date
Posted: 03/21/07
Latest Important
Macro News!
Date Posted: 02/14/07
Latest Important
Macro News!
Date Posted: 10/25/06
Latest Important
Macro News!
Date Posted: 9/20/06
Latest Important
Macro News!
Date Posted: 8/08/06
Latest Important
Macro News!
Date Posted: 7/06/06
Latest Important
Macro News!
Date Posted: 5/10/06
Latest Important
Macro News!
Date Posted: 3/29/06
Latest Important
Macro News!
Date Posted: 3/28/06
Latest Important
Macro News!
Date Posted: 1/31/06
Latest Important
Macro News!
Date Posted: 12/13/05
Latest Important
Macro News!
Date Posted: 11/01/05
Latest Important
Macro News!
Date Posted: 09/20/05
Latest Important
Macro News!
Date Posted: 08/09/05
Latest Important
Macro News!
Date Posted: 06/30/05
Latest Important
Macro News!
Date Posted: 05/03/05
Latest Important
Macro News!
Date Posted: 03/22/05
Latest Important
Macro News!
Date Posted: 02/03/05
Latest Important
Macro News!
Date Posted: 12/14/04
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 @ 5:30 pm
The following questions
will be answered in class:
- 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
- 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
- Do you think that the state of the economy in the Clinton and Bush
administrations has validated the conclusion of the Phillips curve?
2 extra credit points
- Discuss main points of the handout titled "Economic Literacy".
Relate this handout to Chapter 1 or 2.
2 extra credit points
- Discuss main points of the handout titled "Is Economics a Science?".
Relate this handout to Chapter 1 or 2.
2 extra credit points
- Does the handout titled "Freedom and Equality" discuss economic
Efficiency or Equity?
What is the conclusion of this article?
2 Extra credit points
- Relate the article "Crime and Economics" to Chapter 1.
What is the conclusion of this article?
2 extra credit points
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Chapter 4:
Extra Credit Questions
The following questions
will be answered in class:
- 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
- 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
- Why doesn't the transportation industry offer discount rates during
holidays?
Show it graphically.
2 extra credit points
- 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
- When did gold prices reach their highest at $700 per ounce?
Why?
What currently has been occurring to gold prices?
Why?
Show the above effects graphically.
2 extra credit points
- 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
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Chapter 8:
Extra Credit Questions
The following questions
will be answered in class:
- What are the effects of taxes on the markets?
2 extra credit points
- What is "Dead Weight Loss" and what are its determinants?
2 extra credit points
- What are the differences between Supply Side economics and Demand
Side economics?
What are their tools?
2 extra credit points
- What are VAT Taxes?
What are Consumption Taxes?
2 extra credit points
- What are the effects of taxes on labor?
2 extra credit points
- Why are taxes on local phone services less distorting than taxes
on long distance services?
2 extra credit points
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page |
Chapter 10:
Extra Credit Questions
The following questions
will be answered in class:
- What is the difference between Nominal GDP and Real GDP?
Which one is more important and why?
2 extra credit points
- 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
- What is a GDP deflator?
What is it used for?
2 extra credit points
- 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 moetary
policy in this country?
1 extra credit point for each question
- In the past, what rate of growth the Fed was comfortable with?
Why?
2 extra credit points
- 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
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page |
Chapter 11:
Extra Credit Questions
The following questions
will be answered in class:
- What are CPI and PPI?
Theoretically, what kind of relationship exists between the two?
2 extra credit points
- What are core CPI and core PPI?
Why is so much attention paid to the core values?
2 extra credit points
- 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
- 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
- If an index of the general price level is 200, what is the corresponding
purchasing power of the dollar?
1 extra credit point
- If the purchasing power of a dollar is 85 cents, what is the general
price index?
1 extra credit point
- 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
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page |
Chapter 12:
Extra Credit Questions
The following questions
will be answered in class:
- What is the link between taxes and growth?
Quantify it.
2 extra credit points
- What factors stimulated growth during the Kennedy administration?
2 extra credit points
- What factors contributed to growth during the Reagan administration?
2 extra credit points
- What is a capital gains tax?
Why do growth promoters push for a capital gains tax cut?
2 extra credit points
- 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
- 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
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page |
Chapter 13:
Extra Credit Questions
The following questions
will be answered in class:
- 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
- How did the Clinton Administration utilize the budget surplus?
2 extra credit points
- What kind of budget (surplus, deficit) now the US has?
Why?
2 extra credit points
- Technically, how the US budget can be balanced?
2 extra credit points
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Chapter 15:
Extra Credit Questions
The following questions
will be answered in class:
- What are the problems associated with the unemployment figures released
by the Bureau of Labor Statistics?
3 extra credit points
- What has been the trend of unemployment since 2001?
Why?
2 extra credit points
- How much is the unemployment rate now and what sector of the economy
has been affected the most?
2 extra credit points
- 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
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page |
Chapter 16:
Extra Credit Questions
The following questions
will be answered in class:
- 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
- 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
- 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
- Define the Federal Funds Rate, Discount Rate, and Prime Rate. Give
their current rates.
1 extra credit point each
- 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
- 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
- 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
- Theoretically how the investment community (stock and bond holders)
reacts to Fed's moves on interest rates?
Why? Explain.
2 extra credit points
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page |
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2003
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