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Kathryn Peyton

If it were my home - 0 views

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    Amazing website for econ/development. US centric, but can be used for other countries too.
gene hayward

Modest website available... - 4 views

shared by gene hayward on 09 Nov 09 - No Cached
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    I would like to make any resources available to any AP Econ teacher who may need help...I maintain a modest website www.haywardecon.com with many ppts and other resources. I have created many things but also have liberally "borrowed" from GREAT econ teachers world-wide (I give credit on my Macro/Micro pages)...Use if it will help...:)
Jason Welker

A Micro problem for the advanced Econ student | Welker's Wikinomics Blog - 5 views

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    I love that Harvard Economics professor Gregory Mankiw blogs, but I hate that has de-activated the comments on his blog. Yesterday he posted a question from his own Harvard introductory economics class.  Since he doesn't allow comments though, I cannot tell if I'm solving it correctly. So I will re-publish it here and ask my readers to solve the problem in the comment section. IB and AP students who have studied microeconomic should be able to put some of their basic algebra skills to work to solve this one.
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    I may be wrong, but initially profit maximizing P and Q are $7 and 3 at MC = MR with profit of $10.5. Subsequently at a world price of $6, domestic demand is 4 units, but the monopolist's profit maximizing Q becomes 5 units (at MC =P). Therefore he exports one unit and his profit becomes $9.5. Thus the answer is a bit unexpected. I am not sure, but if the world price is $7 then does he produce 6 units of which he exports 3 units, since domestic demand falls? That conclusion presumes that he acts as a perfect competitor in the world market, but probably he will find a way of gaining global monopoly power! Molly
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    I think I solved most of it...I look forward to the answer...:)
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    Molly, could you explain how you determined that at a world price of $6, the firm's profit maximizing Q would become 5 units? Why did we equalize P=MC to find the firm's output at a price of 6? I see why the firm becomes an exporter at a world price of $6 if they produce 5 units (since domestic Qs exceeds domestic Qd) but just not why we determine the firm's output by P=MC. Thanks!
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    I guess I am assuming that once there is free trade the monopolist has to act like a perfect competitor and at least in the world market is a price taker. It's a bit like the monopsonist who has to become a wage taker once there is an effective minimum wage. Consequently he employs more workers since his MFC equals the wage.
Bret Willhoit

Google - public data - 8 views

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    Uses econ data (among others) to show how different regions of the world have changed over time. Uses Gapminder technology to set graphs and charts in motion.
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    This is great. I'm glad Google is putting some effort into developing the Gapminder software. The OECD Quality of Life indicators look like a great way to dive in Macroeconomic indicators.
Seth Roberts

Inequality: Unbottled Gini | The Economist - 0 views

  • Adam Smith may seem unremarkable. But here is Dominique Strauss-Kahn citing the great man in November 2010: “The disposition to admire, and almost to worship, the rich and the powerful and…neglect persons of poor and mean condition…is the great and most universal cause of the corruption of our moral sentiments.”
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    This article is perfect for teaching the gini coefficient in the real world.
Seth Roberts

Paul Krugman: The Economic Failure Of The Euro : NPR - 0 views

  • Krugman explains that having a transnational currency does have obvious benefits — it makes doing business a lot easier in Europe. But, he says, there's also a downside: By giving up its own currency, a country also gives up economic flexibility and the benefit of having its own federal government back it up in times of economic trouble.
  • Krugman points to the economies of Ireland and the state of Nevada as examples. Both depend on exporting as a major source of revenue (Ireland to other countries, Nevada to other states)
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    This story is a great explanation of the Euro zone and it's strengths and weaknesses
Seth Roberts

MIT OpenCourseWare | Economics | 14.02 Principles of Macroeconomics, Fall 2009 | Exams - 0 views

  • onsumption with borrowing constraints Technological chang
Bret Willhoit

Podcast: In The Classroom - Planet Money Blog : NPR - 2 views

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    I love NPR's Planet Money. I try to listen to every episode, usually on my way to school in the morning. I is not at all unusual for me to use the very podcast I listened to on the way in during that day's class! All econ teachers should be listening to Planet Money (no, like economics, it is NOT only about money!)
Jason Welker

YouTube - ACDCLeadership's Channel - 8 views

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    This AP Econ teacher from San Diego has some excellent review videos, "Economics in 60 Seconds" on his YouTube page. Check it out! "Mr. Clifford and ACDC Leadership is dedicated to creating interactive programs, lessons, and activities that make learning exciting."
Jason Welker

Knowledge Learning Corporation | Child Care & Education Services - 3 views

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    I've always thought about how great it would be to teach Economics from my ski cabin in the mountains of Northern Idaho... perhaps teaching AP Econ online would be the way to go! Here's the deal: "Are you looking for a great opportunity, a rewarding career, or the chance to make a difference? KC Distance Learning is hiring NCLB Highly Qualified High School certificated teachers to fill positions across the country. We currently have part-time and full-time positions available for qualified teachers who want to work from their home.  Working at KCDL you will enjoy a flexible work environment, utilize the latest distance learning and communications technology, and, best of all, you can help students from all walks of life achieve their individual potential."
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