April 4, 2011
March 9, 2011
PREZI Project
Here is a copy of your state economy presentation, using prezi. Below find an example of a prezi by yours truly.
March 4, 2011
Additional Sources for Fed Essay Contest
Education Issues:
James J. Heckman, Noble prize winning economist from U. of Chicago: The declining American high school graduation rate: Evidence, sources, and consequences.
GREAT Powerpoint HERE by Heckman. Here is Heckman on Job Creation.
James J. Heckman, Noble prize winning economist from U. of Chicago: The declining American high school graduation rate: Evidence, sources, and consequences.
GREAT Powerpoint HERE by Heckman. Here is Heckman on Job Creation.
Here is former Mpls Fed President Art Rolnick on the importance of early education.
Debt, Deficits, and Uncertainty Harm Economic Growth:
Fed Chairman Ben Bernanke here.
More here, and here. Robert Samuelson talks about uncertainty hindering economic growth here. More about Keynesian Policy, and huge deficits here.
Debt is now at a level where economic growth and job creation are affected, here.
Government Spending and job creation here.
All this debt crowds-out private investment. Here is the definition of the crowding-out effect.
Debt, Deficits, and Uncertainty Harm Economic Growth:
Fed Chairman Ben Bernanke here.
More here, and here. Robert Samuelson talks about uncertainty hindering economic growth here. More about Keynesian Policy, and huge deficits here.
Debt is now at a level where economic growth and job creation are affected, here.
Government Spending and job creation here.
All this debt crowds-out private investment. Here is the definition of the crowding-out effect.
High Corporate Tax Rates in US decrease Economic Growth and Job Creation:
The US has one of the highest corporate tax rates in the world. Read how this hinders job creation here. More here and here. And here is how high tax rates reduce incentives. Here is the 3M CEO who is very critical of regulation hurting job growth. And read here, the US will have the highest corporate taxes in the world!
Problems Facing the Long-Term Unemployed:
From ABC News here.
Are there Benefits to Being Unemployed? Do unemployment benefits increase unemployment?
Read here. Obama economist Larry Summers here, on how unemployment insurance reduces the incentives to search for jobs.
Not in the Labor Force? Good article on discouraged workers here.
And don't forget that 60 Minutes Video, previously viewed in class.
Key Instructions: "First, you must be clear about the need for intervention. If you argue that the government should play a role, you must explain why. Further, you need to consider the benefits of government policies as well as their costs, and your account of the costs should consider possible unintended consequences. If you want to argue that the government should take a more hands-off approach, you need to explain why you think that will work better than the status quo."
From ABC News here.
Are there Benefits to Being Unemployed? Do unemployment benefits increase unemployment?
Read here. Obama economist Larry Summers here, on how unemployment insurance reduces the incentives to search for jobs.
Not in the Labor Force? Good article on discouraged workers here.
And don't forget that 60 Minutes Video, previously viewed in class.
Key Instructions: "First, you must be clear about the need for intervention. If you argue that the government should play a role, you must explain why. Further, you need to consider the benefits of government policies as well as their costs, and your account of the costs should consider possible unintended consequences. If you want to argue that the government should take a more hands-off approach, you need to explain why you think that will work better than the status quo."
March 2, 2011
March 1, 2011
TANSTAAFB
There ain't no such thing as a free burrito. Well if you watch a video for a minute and a half, you can get the closest thing to a free burrito. Eat your heart out here, at the link on Facebook. Or check out the latest stock price.
February 24, 2011
February 21, 2011
Terracotta Warroirs: Xi'an, China
Check out this video I took in China last summer. Be sure to watch in 1080 HD.
February 7, 2011
January 20, 2011
Can He Really Do This?
In the above video, some British dude tries to make a toaster on his own, to demonstrate the wonders of trade and comparative advantage, all the while dispelling myths about economic self-sufficiency.
January 11, 2011
"Best Jobs" according to the Wall Street Journal
Here is a list of the Best Jobs in America based on "200 jobs based on income, working environment, stress, physical demands and job outlook, using data from the Labor Dept. and U.S. Census and researchers' own expertise." Click the above image to enlarge, and go here to see the complete list.
January 10, 2011
January 7, 2011
December 5, 2010
BLOGONOMICS!
November 17, 2010
November 11, 2010
Helpful Links for The Stock Market Game
October 26, 2010
5,000 Janitors with PHD's?
Here you see the over 317,000 waiters and waitresses with college degrees, please click to enlarge.
Check out the whole article here
Check out the whole article here
October 18, 2010
Marshmallow Towers
The goal of the game is to make the most profit, which of course is total revenues minus total cost. For each tower, each inch up to 4 inches is worth $1000, and every inch above 4 inches is worth $2000. The variable costs are marshmallows ($50), and toothpicks ($100). Each group has fixed costs of $1000, which do not change with output. Bonuses are given as well for being able to hold piece of paper for 5 seconds, and to be able to stand straight for 3 seconds. The group right below this won, with a profit of $12,300. Congrats!!
Well built tower below, very high revenue, but also high variable costs.
This one looks tasty. Unfortunately, not a winner.
Another good effort.
High marshmallow content, also high variable cost.
A great tower, but lots of variable costs.
Well built tower below, very high revenue, but also high variable costs.
This one looks tasty. Unfortunately, not a winner.
Another good effort.
High marshmallow content, also high variable cost.
A great tower, but lots of variable costs.
October 14, 2010
October 7, 2010
It's come to this: The Gold ATM. Seriously.
While gold has hit record highs, it will soon be available at your local ATM. Check out the video.
Robot Hair Washers
Creative Destruction in action... a robot takes another job. This time it is at
the hair salon. One thing that the video doesn't elaborate on is how the robot
is actually scanning the user's head shape in three dimensions to figure out
just the right amount of pressure to apply, and it will use that shape to
remember who you are and what shampoo and massage settings you like.
the hair salon. One thing that the video doesn't elaborate on is how the robot
is actually scanning the user's head shape in three dimensions to figure out
just the right amount of pressure to apply, and it will use that shape to
remember who you are and what shampoo and massage settings you like.
September 23, 2010
September 21, 2010
Economic Boom in North Dakota? You Betcha.
As you can see below, (click to enlarge) North Dakota has the country's best unemployment rate (3.6%). Check out the full list here. This is in part due to record oil production of 321,000 barrels per day.
September 17, 2010
September 16, 2010
September 12, 2010
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