November 30, 2007

As seen on the Mankiw Blog

Posted in Economic Growth, Globalization at 8:43 pm by davidprudente

Here’s an interesting video from shockingeconomics.com as seen on the Mankiw Blog. I think I’ve been saying some of this in class, so don’t blame me if you didn’t know…While I’m not sure of the origin of this group, their information is accurate. (I’m a little skeptical of their website.)

November 27, 2007

Consumers Have Iffy View of Economy

Posted in Globalization at 9:52 pm by davidprudente

Here’s a relevant article regarding consumer spending from NPR. I also found this interesting story dealing with globalization and how it’s affecting the sock industry in Alabama. For you non-readers, you can also listen to the story by clicking the listen now button on NPR’s web site.

November 25, 2007

CPI Calculator

Posted in CPI at 7:50 am by davidprudente

Check out this handy-dandy CPI calculator from the Bureau of Labor Statistics

November 21, 2007

This is why you need to read the Mankiw blog

Posted in Uncategorized at 8:04 pm by davidprudente

It doesn’t get any dorkier than this for economists!

Now a selection from the Milton Friedman Choir

Happy Thanksgiving

Posted in Uncategorized at 7:56 pm by davidprudente

A special thanks goes out to my former students (especially the class of ’07) for stopping by today and offering their words of wisdom about college life. It was great to see you all and, as always, keep me informed about all your successes and feel free to come back anytime.

Best Regards and Happy Thanksgiving,

Mr. P.

November 20, 2007

The Fed Forcasts Slower Growth Next Year

Posted in Economic Growth, Federal Reserve, Macroeconomics, Monetary Policy at 5:37 pm by davidprudente

Check out this brief article from today’s Boston Globe. The Fed thinks economic growth will slow over the next year and unemployment will increase. Based on what we’ve discussed in class, what indicators might the Fed be looking at in making this prediction? How’s ’bout I give you 1 extra credit point on tomorrow’s quiz for answering this correctly.

Here’s a little longer article from CNN.

Chapter 23 Homework Questions and Problems

Posted in Assignments at 5:31 pm by davidprudente

In case you missed it in class, I assigned questions 2-5 and Problems 1 & 6 in class today. They are due tomorrow 11/21. In addition the chapter 23 (Measuring the Cost of Living) homework quiz will be tomorrow.

November 14, 2007

From the Mankiw Blog

Posted in Uncategorized at 8:36 pm by davidprudente

Check out this video recently posted on Mankiw’s Blog

November 13, 2007

Spider Web

Posted in Uncategorized at 9:41 pm by davidprudente

spiderman.jpgWere your Spidey-senses tinglin’? In case you were wondering, spiders produce silk from their spinnerets which are found on their abdomen (not thier wrists or their butts).

Yes, this is yet another gem from third period…perhaps the most entertaining class ever! This blog is quickly become a pop-culture blog rather than an economics blog. First we have Pirates, then The Wizard of Oz, and now Spiderman. What’s next???

Good luck on the Homework check tomorrow.

November 12, 2007

The Wizard of Oz

Posted in Gold Standard, Monetary Policy at 9:35 pm by davidprudente

wicked-witch-of-the-west.jpgDuring our discussion today, a student asked why the U.S. does not use gold to back the U.S. dollar. In the discussion and digression I mentioned that nations have, at various times, used many forms of currency including silver. This reminded me that the Wizard of Oz was on TV the other night and that some economists have suggested that it was an allegory for the bimetalism debate of the 1890s. I’ve linked some interesting information from Wikipedia that helps explain both issues. By the way, the U.S. stopped using gold to support the U.S. dollar in 1971. I think I said 1972 in class. Sorry.

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