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Rusty's Econ Blog
Wednesday, 9 February 2011
ECO 201 - WKCTC - February 9, 2011

WKCTC has cancelled classes for the remainder of the day on Wednesday February 9.

As a result your exam will be moved back to Wednesday Februay 23.


Be careful - and once again if you followed me on Twitter, this would be easier to discuss.

Oh, and look a couple of posts below for what I would copy and paste on supply and demand and price floors and ceilings.

Posted by ky/rustyecon at 12:59 PM CST
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Monday, 7 February 2011
FIN 230 - February 7, 2011

Thanks to Jack Frost, Old Man Winter, Mother Nature and every other mythical character that creates SNOW....

 I'm cancelling class on Monday February 7, 2011.  Now, if you would have followed my on Twitter, this would be so much easier. ;-)

 Get ready for some "hyped up Red Bull" lectures in the coming weeks; there is no free lunch.  More imporantly - be careful.  I want to see every one of you next week with no injuries or stories of wrecks.

Posted by ky/rustyecon at 10:02 AM CST
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Wednesday, 15 September 2010
Catching Up is Hard to Do

We have covered supply and demand

We have also discussed price floors and price ceilings.  Check this out for some real world discussion regarding the persons who actually earn minimum wage.

Check out this article on a price floor that existed in 1934.

"Real world" debate also exists about rent controls. Here is a shorter article. And another.

We took our first quiz last week.

On September 22 you take your first exam.

Posted by ky/rustyecon at 5:31 PM CDT
Updated: Friday, 17 September 2010 10:30 AM CDT
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Wednesday, 18 August 2010
Welcome ECO 202!

Welcome to fall 2010, ECO 202 Principles of Macroeconomics!

I'm going to try to use this blog to provide you links to stuff that will help you keep up with what we've covered in class and give you alternate explanations.

I also want to link this Youtube video that was shown to me by another guy who teaches economics on one of my favorite messageboards (that has nothing to do with economics).

Posted by ky/rustyecon at 1:26 PM CDT
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Thursday, 22 July 2010
Catching Up

No better place to start than at the beginning.

Your third exam will be given on July 28.

So far we have discussed monopoly.

We have also discussed resource markets.

This included an extensive look at MRP, a discussion of using both capital and labor both in the cost minimizing manner and the profit maximizing manner.  Cost min - hire K & L in such quantities that the ratios of marginal product to price are equal for each.   Profit max - hire K & L in such quantities that the ratios of MRP to price are both equal to 1.  We also began discussing labor markets.

Posted by ky/rustyecon at 10:32 AM CDT
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