Thursday, February 24, 2011

Micro Question 2/24

What industry do you want to 'work' in after graduation? Share that; using the template of market structures, describe what type of industry structure your profession most likely falls into? Why?

Macro question 2/24

Find the CPI number for the year you were born. What was it? What base year did it reference? How much inflation have we had since then?

Tuesday, February 8, 2011

Micro Question 2/7/11

Find a headline (online or from other news sources) that could be partially explained by elasticity (of demand, supply, income, etc). Post the headline here with a one sentence explanation.

Macro Questions 2/7/11

What was the single most important thing you learned from watching the short film "The Crisis of Credit"?

Wednesday, February 2, 2011

Micro Question 2/2/11

Consider your own consumption habits and budget; which item in your monthly expenditures is most elastic with respect to price? Which item is least elastic with respect to price? Why? (For example, I shared about my own very elastic demand for "Starbucks" coffee...)

Macro Question: February 2nd

How would you explain the concept of diminishing marginal productivity of capital to a 5th grader? (Remember: 5th graders are pretty smart people).