January 30, 2008

Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days

Posted in Articles, Fiscal Policy, Monetary Policy at 4:02 pm by davidprudente

The Federal Reserve acted again today to stem recessionary pressure on the U.S. economy. As we’ve been discussing in class, The Fed can use monetary policy quickly to affect change in the economy. However, what about Fiscal Policy? Today, President Bush urged The Senate to approve the fiscal stimulus package that congress has approved. How long will it take for fiscal policy to affect change in the economy?

January 25, 2008

Shameless Promotion

Posted in Uncategorized at 8:18 pm by davidprudente

Here’s a commercial for the 2008 Ford Mustang. While Mustangs are near and dear to my heart, it’s not the car I’m promoting. The actress who appears in the commercial is a former student of mine. (In addition to being a Dulaney alumnus, she’s also the daughter of a staff member.) Kudos to Jaime!

End of Semester

Posted in Assignments at 4:07 pm by davidprudente

We finished the first semester today. I will be entering your grades by Monday for the final semester grades.

I have assigned chapter 28 to be read this weekend. There will be a Quiz on Tuesday.  Enjoy your weekend.

January 23, 2008

More Extra Credit

Posted in Assignments at 7:24 pm by davidprudente

Adam Tsao posted this video ealier in the week…sorry for the delay. Well done!

All Economics is Local

Posted in Articles at 7:21 pm by davidprudente

Here’s an interesting article about the local economy in Martha’s Vineyard from today’s New York Times. For those of you who read Animal, Vegetable, Miracle it should look familiar. Thanks to Bridgett Carr for the tip.

January 18, 2008

Monetary Policy Cheat Sheet

Posted in Assignments, Monetary Policy at 3:26 pm by davidprudente

Today, in class, I handed out this chart which simplifies monetary policy choices. If you missed today, please download the chart and memorize it. It will come in handy.

Also, I want you to consider how changes in interest rates affect Investment spending. I will introduce a graph next week that considers this point.

Ben Bernanke

Posted in Articles, Federal Reserve, Monetary Policy at 6:54 am by davidprudente

Here is an interesting profile of Ben Bernanke, The U.S. Federal Reserve Chairman. This article will appear in Sunday’s New York Times Magazine. It’s a bit long, but contains some interesting background about our Fed Chairman and monetary policy in general.

January 17, 2008

More Extra Credit

Posted in Uncategorized at 8:25 am by davidprudente

Here is a short but succinct Powerpoint Presentation on three Republican Presidential candidates.

January 16, 2008

Extra Credit Assignments begin to come in

Posted in Assignments at 6:19 am by davidprudente

Here’s an extra credit video one student produced that let’s you hear economic views directly from several republican candidates.

January 10, 2008

Extra Credit

Posted in Assignments, Fiscal Policy at 6:13 am by davidprudente

As the end of the semester approaches, I thought some of you would like an opportunity to earn extra credit. The assignment is to compare and contrast three presidential candidates economic plans. You can do this by first going to the candidates web site and copying their stated proposals. Second, read and analyze their proposals and compare and contrast them with the other candidates proposals; how are they similar, how are they different. Third, use some form of media to communicate the candidates positions. And finally, be sure to conclude with your personal analysis of the candidates proposals. This project is due by 1/17/08.

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