Week of June 28, 2010

Because of power failure on June 21, I had to call an audible that resulted in your first exam being moved to June 28.

The after-effects of the blackout are going to be felt for a while longer.  We're going to begin class at 6:15 on June 28, June 30, July 7, and July 12 to make up the missed time.

We finished discussing elasticity last week - you can see previous entries for hot links to that.

We discussed externalities - both positive and negative - as well as public goods last week.

I gave you a homework assignment that is due on June 30.

I gave you a writing assignment that is due on July 28.

We will begin discussing utility maximization, the costs of production, and market structures next week.  We may even make it to profit maximization.

Plan on having Exam II on July 14 and Exam III on July 28.

Expect to have Quiz II on July 7.

Week of June 21, 2010

You had your first quiz on June 16.  I'll return those Monday night.

You will have your first exam on June 23. 

Last week's blog post had good links for supply and demand as well as for price floors and price ceilings, I recommend you visit those.  Monday we are going to look at floors and ceilings and then we are going to look at elasticity.  If I were you and I was going to have that in class tomorrow and was going to have that exam Monday, I'd start taking a look at the study guide.

 

 

We covered a good bit of material last week.  Lecture included graphs.  

We also discussed economic resources - land, labor, capital, and entrepreneurship.  That discussion morphed into production possibilities frontiers and production possibilities tables.  This led to a discussion of the law of increasing opportunity costs as well.

I gave the class a homework assignment that is due June 14.

Next week we're going to cover supply and demand.  We will also discuss price floors and price ceilings.  Check this out for some real world discussion regarding the persons who actually earn minimum wage.

We'll tear into elasticity in the near future.

I also told you all that you'd have a quiz on June 16.

 

 

Summer 2010
Okay, I'm going to do a few blog posts for 201 this summer.  I'll likely do it on the weekends and link things that I think will help you and we'll see how it goes.  If this is helpful and you benefit from this, you probably need to let me know so I'll continue to do it.

Murray Item Posted
The 529 Plan document has been posted on my website and is now available by clicking that link.