Redlands Micro Question 3/24/11

Markets clearly do not operate efficiently 100% of the time. Skim the recent headlines of your favorite news source and provide one clear example of market "failure". Please provide your source in your post!

Last Macro Question (CSUSB) 3/16

President Obama has selected you to advise him on the economic policies he should adopt and promote while he runs for re-election. What THREE ideas do you have advise him to focus on? Why?

Last Micro Question (CSUSB) 3/16

What is the single most important economic concept you have been exposed to over the last 9 weeks? Why?

Macro Question 3/9/11

If there is a recessionary gap between actual GDP growth and potential GDP growth, should the government "intervene" to close the gap? Why? Why not?

Micro Question 3/9/11

Review the text and your notes regarding deadweight losses associated with monopoly. Can you provide one example where a monopoly actually results in greater benefits to society as a whole? Explain your example.

Macro Question 3/2/11

Consider the most recent recession which authorities say began in December 2007. Review the list of real shocks and spending shocks reviewed in class. In your opinion, what type of shock (or shocks) caused the downturn? Offer a couple sentences of explanation.

Micro Question 3/1/11

Research the Fortune 500 list for 2010. Make note of the top 10 firms. Look up the Fortune 500 list from 10 years ago (in 2000). Make a list of the top 10 companies in 2000. If the lists are different, can you explain why some of the firms are no longer on the top 10 list using what we've learned about entry/exit, profit conditions, competition, and costs to explain the change? Have fun with this one...