PPT-ECON 2313:

Fall Semester 2010 Welcome What is economics Economics is the study of how individuals and societies allocate scarce resources among competing alternative uses Scarcity . O Box 2313 Taipei Taiwan 10617 ROC National Oceanic and Atmospheric Administration Paci64257c Marine Environmental Laboratory 7600 Sand Point Way NE Seattle WA 98115 0070 USA School of Oceanography University of Washington Box 357940 Seattle WA 98195 Subject Choice Seminar. MS Rita Law. Mock Selection. Subjects . offered for . S4 students . in . 2012-2013. Subject. No. of Groups. Biology. 2. Chemistry. 2. Physics. 2. Combined. Science (. Chem+Phy. Slides. . © Michael R. Ward, UTA 2014. Today. Syllabus. What the Course is About. What this Book is About. The One Lesson of Business. Econ 5313. Oil Lease Bidding. A young geologist was preparing a bid recommendation for an oil tract in the Gulf of Mexico. His expertise and the information at hand led him to recommend a bid of $5 million. Instead, a senior manager bid $20 million - far over the next highest-bid of $750,000. What, if anything, is wrong?. 1 0 13 2014 Slides. . © Michael R. Ward, UTA 2014. Donut Holes. Making Decisions on the Margin. A friend does an experiment in class. Hands one student a box of donut holes. “Eat as many as you want.”. Hands another student a watch. “Mark the time between donut holes.”. Slides. . © Michael R. Ward, UTA 2014. Opportunity Costs. “Outsourcing” . Scene. Econ 5313. Foreign Currency. You've completed your vacation in a foreign country. At the airport, you discover you have the equivalent of $20 local currency left over. The exchange control officer tells you that you can't convert the local money back to dollars. Nor can you take it out of the country. Because the gift shop was closed, you decided to spend the remaining money on refreshments—for complete strangers! . 2. Why study bubbles?. “[An] issue that clearly needs more attention is the formation and propagation of asset price bubbles…I suspect that progress will require careful empirical research with attention . oo o 2313#"o3.o!3!'o4/o6(3'o'(,X o oo #+#-"1#2o5Xo1/(. o6.4+"o/1.5#o3.o #o3'#o23($$#23o+#%+ 3#23o3.o1/(.F2o1#%(,#X ooFFooF -o3'#o5!44,o+#$3o 8o.-%1#22F2o$(+41#o3.o$(7o3'# -3(.-+o2823#,Yo3'#o$#"#1+o!.4 Fall Semester. , . 2011. Welcome. !. What is economics?. Economics is the study. of how individuals and. societies allocate. scarce. resources among. (competing) . alternative. uses.. Scarcity. . GenuineEconomicProgressintheUnitedStatesAFiftyStateStudyandComparativeAssessmentMairi-JaneVFoxJonDEricksonRegisCollegeRegisUniversityDenverCO80221USACorrespondingauthorE-mailaddressJDEricksonwinners-v 44424444444446DIVISIONQuanReasoningMicroeconomicsMacroeconomistheFundamentalPrerequisite MATH 108/117 Prerequisite MATH 108coursehigherDoes not count toward Dornsife College unit requirementUPPERGrade 1.INTRODUCTIONHowdoeshouseholdconsumptionrespondtochangesineconomicresources?Doestheresponsedependonthenatureanddurationofthechanges?Doanticipatedincomechangeshaveadifferentconsumptionimpactthanunanti study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Globalization:. is a MAJOR thread throughout econ geo….free trade, international trade, international econ alliances, etc.. Econ 340, Deardorff, Lecture 24: Review. 2. Lecture 24 Outline. For each lecture:. Outline. Major questions. Lists of. Terms. Acronyms (most are really Initialisms). Clicker questions. Especially on graphs.