Saturday, October 30, 2010

Updated Payscale---Economics holds its own against the Engineers!! Resistance is futile!

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Wall Street Journal UPDATE!! In class today this particular blog entry generated much discussion.  This chart below is from 2005.  It sh...
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THERE! GOTCHA! Liberal,, America Hating, Media bias at the New York Times exposed...or is it???

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I do not agree with this franchisee (NOT condoned by the McDonalds Corporation) who inserted at political flyer into employees paycheck enve...

Extra Credit! Is there a relationship between the production of Ethanol and the Price of Corn?

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Comparison of Ethanol production (on left) and the price of corn (on right) over roughly the same time period...Is there a relationship? Ext...
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The Coconut havesting machine MUST NOT be invented! Jobs will be lost! Where is the local Luddite Party when you need them?

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But what about all the jobs that will be lost when capital is substituted for labor?  Luddites Unite! From UK Guardian: Who wants to be a...
Friday, October 29, 2010

Latest GDP Report broken down by its component parts---We need more "P" in our GDP!

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Latest GDP report . This graphic shows the breakdown of each component of GDP (C + I + G + N(x) ) and each sectors contribution to GDP in pe...

Dirty Politics and Name calling have NO place in Politics!! Really? Someone should have told John Adams and Thomas Jefferson in the Election of 1800...See the vidoe HERE!

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This video is GREAT! The more things change, the more they stay the same...It uses quotes from Jefferson and Adams campaigns in the election...

Another nice graph of Actual RGDP relative to Potential RGDP...Impress your High School (guess that is me) or College Econ teacher with this knowledge

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Another nice graphic illustrating the output gap, which is the difference between what we actually produce and the output potential of our e...
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Thursday, October 28, 2010

What comes first to increase college tuition for all---increasing costs or increasing subsidies?

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This graph shows the rise in cost of attending college, public and private, since 1980.  It is in the form of an price index where the year...
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Wednesday, October 27, 2010

A more elegant and nuanced view (in video) of my provocative statement in class that "Donating to UNIFEF leads to more starving people, not less"---This will be 10 minutes well spent if our discussion interested you at all...

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Also, here is a link (HERE)  to an article that somewhat refutes MY argument.  I can agree with many of his points, however, the writer does...

The Cheese Cake did not make me gain weight, my credit card did? Huh? Yes, it is true...find out why here

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I know when I pay with a credit card, or even my debit card, I tend to eat at places where the final bill will be much higher than if I forg...
Monday, October 25, 2010

Capacity Utilization, Aggregate Supply and The Production Possiblities Frontier---Your future is contained within these Graphs--How is the view?

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     I believe one of the most important connections I try to make with students is the link between our economy's productive capacity a...
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Sunday, October 24, 2010

Excellent defense of the Keynesian point of view on how to "prime the pump" of the economy..

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This is an excellent defense of the Keynesian point of view on how to deal with an economy at less than full-employment. Notice it has MANY ...
Saturday, October 23, 2010

Does it matter if a bird is killed by oil or by a wind turbine? The question may be more political than you realize...

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I am not being facetious when I ask for a logical counter-response to this passage (I suggest you read the whole article ), specifically as ...

This is what you COULD BE doing with your college degree---don't look if you really don't want to know...

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What 17 Million Americans Got from a College Degree ""Over 317,000 waiters and waitresses have college degrees (over 8,000 of th...
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Friday, October 22, 2010

Gas prices getting you down? It could be worse---imagine filling your Hummer in Paris or Rome. And I don't mean those cities in Texas...

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US gasoline prices relative to European gasoline prices.  Big difference, eh?  What accounts for a majority of the difference? Gas taxes acr...
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