September 29, 2007

Red Sox Win AL East – How ’bout dem O’s

Posted in Uncategorized at 7:03 am by davidprudente

The O’s came back from a 3-run deficit to beat the Yankees last night, which helped clinch the AL East title for the Red Sox! See, Boston and Baltimore fans have a lot in common; beating the Yankees is always a great thing.

Red Sox Logo O's O's

September 28, 2007

Things to Ponder While Eating Your Cupcakes and Drinking Your Milk This Weekend

Posted in Articles, College at 3:58 pm by davidprudente

It’s been a busy day for economic related articles. Check out this article which is critical of CBS’s new show Kid Nation. Are they really designing their own society, or are the cards stacked against them? Think Lord of The Flies meets Capitalist Pig (Farm).

Next, is an interesting story about who’s getting into college and how they’re doing it. Are we letting unqualified minorities into our elite universities or is it dim white kids?

And finally if you missed the “Great Cupcake Debate” today, check out the article from last weeks New York Times.

Remember, be safe and make smart decisions…see you Monday.

September 27, 2007

Market in Wheat

Posted in Assignments at 3:41 pm by davidprudente

We’ll after all that running these past two days, I hope you have a greater appreciation of how amazingly efficient a market can be. I’ll announce your scores tomorrow.

September 26, 2007

UAW Ends Strike

Posted in Labor, Strikes, Unions at 6:07 am by davidprudente

As follow up from Monday’s news item, The UAW came to terms with General Motors today. Over the next several months look for the UAW to talk with Ford and Chrysler to try and reach similar contract agreements. The Good news is that this short strike will not have a significant impact on the economy.

For further reading, click here.

September 25, 2007

Alan Greenspan and Jon Stewart

Posted in Uncategorized at 7:30 pm by davidprudente

I’ve mentioned Alan Greenspan (the former chairman of the Federal Reserve) in class. He recently appeared on The Daily Show with Jon Stewart. I’ve posted a video below in the VodPod section so you can see who this guy is.

September 24, 2007

United Auto Workers Strike!

Posted in Basic Economic Concepts, Labor, Strikes, Unions at 7:50 pm by davidprudente

UAW Stikes!


Today, the United Auto Workers decided to Strike. “73,000 workers at 80 GM plants across the nation walked off the job.”

Questions of the day: How would a large strike like this affect a nations PPC? How might this strike affect the local economies around those 80 factories? How might this strike affect the U.S. economy? And finally, why would workers/unions want to strike in the first place?

For more info, here’s a link to the Boston Globe’s article about the strike.

A Market In Wheat

Posted in Assignments at 4:14 pm by davidprudente

Get ready for a little competition. Here’s your hands-on chance to see how a market works…

but remember, no Flip Flopson Wednesday and Thursday please!

September 22, 2007

Recommendations for Paper

Posted in Papers at 9:11 pm by davidprudente

Students have asked what is the best way to approach the Adam Smith paper. I think there are two approaches you could use to demonstrate your understanding of the chapter. The first approach would be to focus on a couple of points and discuss them in depth. The second approach would be to focus on many points and integrate them into a logical essay. Either approach will work, but it’s really up to you.

What I’m really looking for in this paper is to identify your writing ability. Be sure you focus on the technical aspects of your writing: syntax, punctuation, spelling, sentence construction, etc. After 12 years of schooling, I expect you to be proficient (if not exceptional) in your writing ability.

Good luck.

September 20, 2007

Exam Has Been Graded

Posted in Test Info at 8:15 pm by davidprudente

Well I’ve finished grading the Unit 1 Exam. The mean score for the Multiple Choice section ranged (for each class) between 17 & 18 out of 25. That’s pretty good. The mean score for the Free Response was 4.5 out of 9. Not bad; still room for improvement.

The top multiple choice score was 24/25. The top free response score was 9/9.

On Monday I’ll explain the grading when I hand back the exam. Do not ask for your score tomorrow. I only have raw scores right now and still have to convert them to the AP scale.

Articles for Homework

Posted in Test Info, Uncategorized at 3:14 pm by davidprudente

If you were out today or did not pick-up the articles I assigned for Friday (9/21) please follow the links I’ve provided. The first article is Iraq through China’s Lens and the second article is One Answer to Global Warming: A New Tax. Please be sure to answer the questions here.

You are expected to come to class prepared to discuss both articles. This is a good opportunity to earn some class participation points.

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