New Announcement Available in course ECON 101 - M. Javanmard (Online) (30590-31674): blank

 

 

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New Announcement Available in course ECON 102 - M. Javanmard (Developmental Course) (Online) (S12): Need to be done

Grade Scale on Syllabus
Connect 430 points available
Required connect 389
Discussion ???

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Grades Posted

 Grades are posted in blackboard. I will not respond to emails asking for extra credit.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Grades Posted

 Your final grades are posted under my grades.
The replacement score has replaced the lowest test score.
I will not be responding to emails asking for extra credit.

New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): grades posted

 In your class I added 13 points to the total of your quizzes to arrive at the replacement score.
Your score on the final exam was terrible! I saw scores drop. Either you were tired after a long week of testing or you became over confident.
Those of you that kept up your past performance thank you for not slacking off. If you got an A in this class you truly deserved it. If you got a B you deserved it. Great job to those of you who truly earned an A or B in this class.
NOTE I will not be responding to emails and I will not be on campus for the next few days.

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder Final Exam

Reminder the final exam closes tonight at 11:59 PM.
If you miss it, I can not help you.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Fianl Exam Today

Reminder Final Exam Today!

ECON 101H - M. JAVANMARD (Enhanced) (70090): Final exam today

Reminder Final Exam today.

ECON 101H - M. JAVANMARD (Enhanced) (70090): Paper Last Chance

I have finished reading and grading your papers. I will turn off your access sometime tonight before going to bed and will not accept anymore papers. Please remember to submit it for plagiarism check as well as submitting it for grading.

New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): What is on the final

 

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): what is on the final

 

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Final Exam Schedule

This week is Final Exam week. See the schedule HERE
Your exam in this class is on Thursday at 8AM

ECON 101H - M. JAVANMARD (Enhanced) (70090): Final Exam schedule

This week is Final Exam week. See the schedule HERE

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Final Exam Schedule

This week is Final Exam week. See the schedule HERE

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Grading Scale

Grading Scale changed:
The original grading scale was as follow:

225-250 A

200-224  B

170-199  C

150-169  D

I have lowered the points need to get a C in the class to 165.

225-250 A

200-224  B

165-199  C

150-164  D

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder Final Exam

Reminder Final Exam is available. I will not be able to extend the time on the final exam. I will be submitting your grade by Wednesday December 12. Yes we teachers have deadlines too!

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: fed discussion Graded

the fed discussion is graded.

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ECON 101H - M. JAVANMARD (Enhanced) (70090): Submit your paper

Please do not forget to submit your paper. It is 25% of your grade.

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Second Chance at Fiscal Policy

I have noticed that many of you did not take the quiz on Fiscal policy. I have made that quiz available again. It will close Sunday night at 11:55 PM

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Final Week

The Final Exam is available.
I will close our last discussion tonight (Dec 1).
I hope you have studied and do well on the exam.

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Test Posted

The following Test has been made available in Final Exam: Final Exam.

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Last Chance Discussion

I am done grading all of you who made a post and replied to another student. I am tired and will continue grading tommorow night. I will turn off your access to this last discussion. Please remember these discussions are the easiest points in the class. Do not miss out!
Good night
P.S. I have extended the time on the two quizzes due last night.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: What Chapters on the Final?

Chapter 8 There are  9questions,
Chapter 12 There are 18 Questions,
chapter 14 There are 8 Questions,
Chapter 15There are 5 questions,
Chapter 16 There are 10 questions.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/29

we will finish  Monetary Policy Tools.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/29

we will finish  Monetary Policy Tools.

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: What is on the final?

Topic: Advertising 2
Topic: Conditions of Monopolistic Competition 7
Topic: Consumer Surplus 2
Topic: Cost Curves 14
Topic: Entry and Exit 3
Topic: Price Discrimination 2
Topic: Producer Surplus 2
Topic: Profit Maximization 4
Topic: Short-Run and Long-Run 1
Topic: Tax Burden 4

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder

There are two quizzes and a discussion post due tonight!

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/27

we will finish Money Multiplier and move on to Monetary Policy Tools.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/27

we will finish Money Multiplier and move on to Monetary Policy Tools.

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Monopoly.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Perfect Competition.

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 11/27

Today we will finish up Perfect competition looking at the Long Run.
Next we will go to the other extreme of Monopoly.
Market structure of Monopoly
The Demand faced by Monopoly

Compare and contrast Monopoly to Competition.

ECON 101H - M. JAVANMARD (Enhanced) (70090): Message from Honor Coordinator

Each March, the Honors Transfer Council of California (HTCC) holds its annual Student Research Conference at UC Irvine.  HTCC is the consortium of California community college Honors programs.  The HTCC Conference is a one of a kind event in which Honors students from all disciplines present their research to other students, faculty, family, and friends through a poster, individual oral, or group oral presentation.  To facilitate our Honors students' participation in the conference, we will be holding an orientation meeting this Wednesday to familiarize students with the conference and encourage them to attend and/or present.  I would appreciate if you could announce the meeting to any Honors students you may have.

 

What:    UCI Student Research Conference Orientation Meeting

When:   This Wednesday, November 28^th at 2:30PM

Where:  A225

 

Here is the link for more information about the conference:

 

http://www.honorstcc.org/conference/index.html

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Last Two Chapters

I hope you had a great Thanksgiving day with family and friends. We are almost finished with this class. The last two chapters are due by November 28. The Final Exam will open up on November 30 and will close on December 6.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: We Skipped Chapter 13 Long Run Costs

Due to time constraint (Thanksgiving), we are skipping chapter 13. Today we covered Chapter 14 Perfect Competition. We covered the following:

1. Perfect Competition What is it? *pay attention to Market VS. Individual Firm Demand curve
2. Profit Maximizing for Perfect Competitive firm. *pay attention to MC=MR and shut down point.
3. Perfect competition in the long run. *Pay attention to long run economic profits.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Final Exam

Your final exam is on December 6 starting at 8:00 AM Ending at 10:00 AM.
Here is the Link to the Final Exam Schedule

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Let Us Discuss Some Changes

Today in class, I will ask you to help me decide on some changes to the syllabus.

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ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/20

Today we will
start on the money
multiplier and maybe start on the most important slide Tools of the Fed.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/20

Today we will start on the money multiplier and maybe start on the most important slide Tools of the Fed.

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder Fiscal policy Due

This is the last reminder that the Fiscal Policy chapter is coming due. Did you attempt the quiz? Are you nervous about attempting the quiz? Well here is a video lecture (from the fiscal policy folder) that will review it for you. 
Note this video will only work on a PC or a laptop with Flash software.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Econ 101 Final Exam

The final exam schedule can be found here. Your class final is December 6!

ECON 101H - M. JAVANMARD (Enhanced) (70090): Paper Due by November 29

Your paper is due by November 29

ECON 101H - M. JAVANMARD (Enhanced) (70090): Final Exam

The final exam schedule can be found here. Your class final is December 6!

ECON 101H - M. JAVANMARD (Enhanced) (70090): The Paper

Dear Honor Class,
Have you thought about your paper? You are required to write a paper in this class. Please look at the syllabus.
I will ask you to submit your paper online using blackboard.
You will be asked to submit it for plagiarism check in blackboard and submit again for grading.
I am thinking that I will make it due sometime after Thanks Giving!! So start thinking about the paper before you eat all that Turkey and Pumpkin pie. Afterward you will have an excuse to avoid your family by locking yourself up and typing this paper.
Please do not let me forget to discuss this assignment on Thursday November 15.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/15

We will cover Reserve Requirements and if there is time move onto the Money Multiplier.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/15

We will cover Reserve Requirements and if there is time move onto the Money Multiplier.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 11/15

We are moving onto Costs. Please notice that we have skipped to chapter 12. Here are the powerpoints that I will try to get through.

1. Productivity 
2. Short Run Costs
3. Long Run Costs (chapter 13?)
4. Long Run Costs (as presented by your book)

Yes it is going to be a long day so bring your caffeine.!!!!

New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Test Posted

The following Test has been made available in Insurance Quizzes: Attendance 11/13/12.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Attendance 11/13/12.

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Know this formula on page 185

 

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Who Bears the Burden?

 

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Attendance 11/13/12.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Cost 1.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: An Important Graph from Chapter 8

 

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 11/13

I will return your exams to you. Next I will start on chapter 8 on taxation.
Here are my old powerpoints on the topic in PDF format.

1. introduction
2. Cost of taxation
3. Tax Burden
4. Government intervention same as Taxes

I will use the long powerpoint that can be found under insurance quizzes which is very similar to the above..

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/13

Finish up Banking powerpoint.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/13

Finish up Banking powerpoint.

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder Quizzes Due

This is a reminder to the class that the next set of quizzes are due soon. Please log in and attempt them before midnight Tuesday.

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: The Invisible Hand in the real world

This story explains why the invisible hand better know as Supply and Demand and Equilibrium does not work in the real world.

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Midterm 1 Grades Posted

With the exception of two students the scores for midterm 1 is available under My grades

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/8/12

Today we will cover Money Demand and Banking

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/8/12

Today we will cover Money Demand and Banking

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: discussion graded

The outsourcing discussion is graded.

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Next Due Date November 13

The next quiz is due by November 13.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Last Reminder Test Today

This is your last reminder!! There is a test today!!!!
Bring a Scantron

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: What is on the test?

 

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Essay Question

The following is your essay question:
Stuff-Crust
Pizza is a new pizza introduced by Pizza Hut. What happens to the
equilibrium price and equilibrium quantity of Stuff-Crust Pizza in each
of the following situations?
(a.) Due to weather conditions, the output of wheat decreased and the price of wheat flour increased.
(b.) The price of beer decreased
(c.) Dominos Pizza introduced a similar pizza that sold for $1 less than the one sold by Pizza Hut.
(d.) A recession reduced households' income.
(e.) A new oven technology reduced the time it takes to bake a pizza.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Reminder Test November 8

This is a reminder that our first midterm will be on November 8. That is Thursday!!!

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Outsourcing Discussion

I am in the process of reading and grading your postings to the Outsourcing Discussion. I will not accept anymore posts in this forum. Please start thinking about the next discussion forum.

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: November 6 Reminder

The next two chapters are due on November 6. Please do not wait till the very last minute!
Also do not forget to vote.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 11/6/12

We will cover the chapter on Money.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11/6/12

We will cover the chapter on Money.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: November 6

On Tuesday we will finish Elasticity by covering other elasticities. We will follow this with a review of Production Possibility, Supply and Demand, and Elasticity. Please read before coming to class. Please attempt the insurance quizzes before coming to class. My reviews are different from my lectures. You ask and I try to answer. You do not ask I will have no answers.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Midterm 1 November 8

Our first midterm will be on November 8. Be There!

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Multimedia on Elasticity

Here are two videos created by me on Elasticity. If you missed class or were not paying attention here are two videos.

1. Elasticity
2. Total Revenue and Elasticity

Please Note these videos are NOT meant to replace your reading and you are encouraged to attend class.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 11/1

We will continue with Elasticity. I have lost access to the website where the powerpoints are located so I can not update the titles in the Powerpoints. Please remember that we are covering Chapter 7
This is what we will cover
Why is Elasticity important?
Other Elasticities?

ECON 101H - M. JAVANMARD (Enhanced) (70090): November 1

We will finish up the chapter on Fiscal Policy by discussing the side effects of Fiscal Policy (Deficit and Debt). Next we will move into your favorite topic Money.

The following is the recording of 10/30 lecture.. Please remember that I will NOT record every lecture.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): November 1

We will finish up the chapter on Fiscal Policy by discussing the side effects of Fiscal Policy (Deficit and Debt). Next we will move into your favorite topic Money.

New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Test Posted

The following Test has been made available in Insurance Quizzes: 10/30.

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New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Interview on Youtube

Here is the video interview for the Discussion posting. This one is from Youtube

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: 10/30.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Elasticity.

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ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/30

ON Thursday we started are on Fiscal Policy we will continue.

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Please Note

Please note that we have skipped Chapter 6!

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 10/30

Today we will finish up Chapter 5 with emphasis on Price Ceiling and Price Floors. Next we will start the most difficult chapter in the class. Elasticity!!!

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Warning

Please do NOT attempt the quizzes on your Cell Phones. Blackboard is not stable on mobile devices. Please find a PC or a Laptop to complete the assignments in Blackboard.
P.S, The Blackboard App is not the greatest and most likely you will have trouble as the blackboard App tends to crash often!!!

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Outsourcing in Medicine

Here is a story on Medical Tourism. Medical doctors can be outsourced too! By the way have you watched the video for the discussion?

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New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder October 30

Please remember that the next assignment will close on October 30th.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Video Lectures from UCI

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New Announcement Available in course ECON 101 - M. Javanmard (Developmental Course) (Online) (S12): testbank 8 over

Next chapter 9?

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Demand

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ECON 101H - M. JAVANMARD (Enhanced) (70090): 10/25

We will start on the Chapter on Fiscal Policy. This chapter will help you with the paper you are writing.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/25

We will start with the chapter on Fiscal Policy.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 10/25

We will finish up Supply,
Next we will attempt a little experiment, so try to be there.
Followed by Equilibrium.
Next we will start on Chapter 5
We will also decide on the date for our first Midterm.
 

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Please start Thinking About

Please start watching the video for our next discussion posting and start thinking about it. I look forward to reading your posts. Please follow the directions.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Testing Putting lectures on video

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New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/23 video

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: 10/23/2012.

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ECON 101H - M. JAVANMARD (Enhanced) (70090): 10/23

Did we finish Aggregate Demand? We will continue with Aggregate Supply and look at the interactions between the two.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/23

Did we finish Aggregate Demand? We will continue with Aggregate Supply and look at the interactions between the two.

ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 10/23

We will cover Comparative Advantage and start on Demand.
If Time permits we will start on Supply.

New Announcement Available in course ECON 101 - M. Javanmard (Developmental Course) (Online) (S12): Building Colander

I am in the proccess of building colander textbook.

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder and Warning

The assignments the Business Investment Sector and the Government Sector are due by October 23. NOTE: Due to this class being a short term class, we are covering two chapters.

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Power Outage on Campus

There was a power outage on Campus last night. Therefor I have extended the time on the Consumption Quiz to this Friday at 11:59 PM.
Although Access Rio is housed on campus, the blackboard server is based on the Clouds. Please bookmark the direct access to the Blackboard site on your computer. http://riohondo.blackboard.com

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Just for Fun

Are you a facebook addict. Here is a page that will share interesting economics articles and...
Participation on this page is NOT required.
Economics with Javaman

Promote Your Page Too

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: 10/18

This Thursday we will cover material from chapter 2 and will continue with Comparative Advantage and Trade (this is new not covered in Macro). Followed by Demand.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/18

On Thursday we will begin with the difference between Classical view point and Keynsian point of view. If there is time we will move onto Aggregate Demand.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 10/18

On Thursday we will begin with the difference between Classical view point and Keynsian point of view. If there is time we will move onto Aggregate Demand.

ECON 101H - M. JAVANMARD (Enhanced) (70090): 10/16

Today we finished Inflation and Deflation powerpoint. Next we started on the powerpoint War of IDEAS. If you missed today please watch the video on Inflation.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/16

Today we finished Inflation and Deflation powerpoint. Next we started on the powerpoint War of IDEAS. If you missed today please watch the video on Inflation.

New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: Test Posted

The following Test has been made available in Insurance Quiz: Chapter One.

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ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: October 16

today we will cover Chapter 1 powerpoints.  Also We covered the syllabus.

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New Announcement Available in course ECON 102 - M. JAVANMARD (Enhanced) (72768) Late Start: In the process of building

This class will start on Tuesday, October 16.

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ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Reminder October 16

This is a reminder to the class that the quiz in consumption assignment is due by October 16.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 8 AM Class

There are 57 points available under insurance points. I will be multiplying the point you have earned by 1.4 to calculate your replacement score. This means the maximum Insurance points possible is 80 points.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 8:00 AM Class Scores Posted

8:00 AM class your final exam scores and the second midterm scores are posted. I will close the Insurance quizzes on Monday morning to download them. The class average is 74% (C). There were 5 students who received an A in the class. There are 8 B in the class. There are 11 C in the class. The rest are below average. This is a normal statistical distribution. Can you destroy this distribution curve? Yes you can. Please take the insurance quizzes by Monday morning to raise your replacement score.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 8:00 AM Class Scores Posted

8:00 AM class your final exam scores and the second midterm scores are posted. I will close the Insurance quizzes on Monday morning to download them. The class average is 74% (C).

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Insurance Quizzes

Please work on Insurance quizzes, I will be turning them off sometime this Sunday, to start calculating the 8:00 AM class.

New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/11/2012

11:00 Am class
We will cover inflation
And move on to this video

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Oct 11

11:00 Am class
We will cover inflation
And move on to this video

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ECON 101H - M. JAVANMARD (Enhanced) (70090): A Message From Honors Coordinator

Honors Program Coordinator

Rio Hondo College

cyoung@riohondo.edu

(562) 463-7339

 

RioHondo Honors Transfer Program

 

Calling All HONORS students!!!

Please join us at our annual

Fall Honors Luncheon

 

Wednesday, October 17^th, 2012

1:00 – 2:15PM

Large Boardroom

 

Enjoy a delicious complimentary meal

with your Honors faculty.

Hear important information from the Honors Coordinator and Counselor. Enjoy a special greeting from alumni of the honors program.

Don't miss out! 

 

RioHondo Honors - Knowledge to go Places

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Self Introduction Graded

I enjoyed reading your posts in the Self Introduction Discussion. Some of your posts were lacking in detail. However, I gave you full credit on this discussion. On future discussions I will not be as generous. Some of you lost one point for NOT replying to a classmate's post.
Also you can view your scores on the first two quizzes. You can also view the correct answers to the questions. Go to My Grades and click on the score you received on the exam.

ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Week One Assignments

Week One Assignment is closed. They closed on October 9 (yesterday) at 11:59 PM. The next assignment Consumption will close on October 16. Also if you have not completed the attendance survey by tonight you may be dropped from the class.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 8:00 AM Class Test

I have just finished your Final exam. There are 50 questions from chapters 10,11,12,and 13. There are 5 questions (extra credit) from Chapter 14 which due to lack of time I did not get a chance to cover. This is good news for you because it means that you possibly can score 110 out of 100 points.
Here is the break down of the questions:

Slavin - Chapter 10	14Q
Slavin - Chapter 11	9Q
Slavin - Chapter 12	17Q
Slavin - Chapter 13	11Q
Slavin - Chapter 14	5Q

New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Look at Rubric

You can view my preliminary Rubric for grading the paper. I have to edit and fine tune it but here is my first attempt.

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ECON 101H - M. JAVANMARD (Enhanced) (70090): 10/09

11:15 class you will be finishing up Business Cycles and will start on Unemployment. Also I need to talk to you about your paper this week or next.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/09 11:15 AM

11:15 class you will be finishing up Business Cycles and will start on Unemployment.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 10/09

8:00 AM class We will start on the chapter on Money.
function of money
Money Supply
Money Demand
Banking

New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Chapter 11 Quiz.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Chapter 10 Quiz.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Chapter 12 Quiz.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Midterm 2 posted

The scores for midterm 2 is posted. The scores in blackboard are for informational purposes only. grades are calculated using excel. (not online)

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Chapter 13 Quiz.

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New Announcement Available in course ECON 101H - M. JAVANMARD (Enhanced) (70090): Test Posted

The following Test has been made available in Insurance Quizzes: Chapter 14 Quiz.

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ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 8AM Class October 4

We will have to pick up the speed! Your final exam is on Thursday October 11!
We will finish up Aggregate Supply and the interactions between supply and Demand. followed by Fiscal policy.
Closing the Gaps
Deflationary (recessionary) Gaps
and
Automatic Stabilizers.

Bring your drinks to class the break will be shorter because we have to cover more material.

ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): 11:15 AM Class Midterm 2 Grades Posted

11:15 Class your midterm 2 score is posted.
Please remember the score in blackboard is for informational purposes only. I use excel to calculate your grades.

New Announcement Available in course ECON 101 - M. JAVANMARD (Online) (70091-70092) Late Start: Please Take the Attendance Survey

Please take the Attendance Survey. I will be dropping students who have not completed this task as No Show!

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New Announcement Available in course ECON 101 - M. JAVANMARD (Enhanced) (70082-70089): Real vs. Nominal

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ECON 101H - M. JAVANMARD (Enhanced) (70090): New Stuff to help you study

Click on insurance quizzes. Scroll down. There are a few word documents for your class.

ECON 101H - M. JAVANMARD (Enhanced) (70090): Answers to the End of Chapter in your book

Answers to Fill-In Questions

 

1. I (investment)

2. over 30 million

3. two or more

4. limited liability (perpetual life is also important)

5. high corporate income taxes and the costs of incorporating

6. common stockholders and preferred stockholders

7. common stockholders

8. bondholders

9. $25 million

10. inventory

11. depreciation

12. workers; capitalists

13. reserve army of the unemployed

14. 70

15. expected profits by the amount invested

16. interest rate

17. inventory investment, investment in plant and equipment, and residential housing investment

 

Answers to Problems

 

1. (a) $100 million + $150 million + $250 million = $500 million.

  (b) $75 million plus $1.

 (c) $7.5 million–$15 million

2.  Gross investment ($150 million) – Depreciation ($40 million) = Net investment ($110 million).

3.  –$15 million

4. Disposable

 Income Consumption Saving Investment

 (a) 1,000 1,000 0 400

 (b) 2,000 1,200 800 400

 (c) 3,000 1,400 1,600 400

5.  (a) $7 billion

  (b) $1 billion plus $1

  (c) $100 million–$200 million

6.  575

7.  $.3 billion or $300 million

8. 

9.  (a) $100,000,001

  (b) $10 million–$20 million

 

Answers For Questions For Further Thought And Discussion

1. What are the advantages and disadvantages of the corporation as a form of business organization?

Advantages: Unlimited liability; perpetual life; ease in raising capital by selling stock to the public.

Disadvantages: Going to the trouble and expense of having papers drawn up and getting a charter; paying federal, and possibly state corporate income tax.

2. Explain how the capacity utilization rate and the interest rate affect the level of investment.

If the capacity utilization rate is high, then business firms are more likely to invest in new plant and equipment. But if that rate is low, then firms would need to use all that excess capacity before investing in still more plant and equipment.

A high interest rate will discourage investment, since it would add to costs and reduce profits. A low interest rate would encourage investment.

3. Explain why building up capital takes a great deal of sacrifice.

To raise money for capital, you would need to cut back on your own consumption, work harder and longer, or both. Each of these involves sacrifice. For a nation, it could produce less consumer goods and more capital goods, again sacrificing some consumption and possibly working longer hours to produce more capital goods.

4. The Carolina Textile Corporation is capitalized at $200 million. If you wanted to buy control of this company, how much money would you have to invest? Since you don't have nearly enough information to make this decision, just make some reasonable assumption about its bonds, preferred stock, and common stock.

We'll assume the company has $100 million in bonds, $50 million in preferred stock, and $50 million in common stock. To control the company you would probably need about 5–10% of the common stock. That would require an investment of $2.5–$5 million.

5. What has happened to our personal savings rate in recent years and how has that affected our level of investment?

Our personal savings rate, which had long been below 10%, fell below 5% in 1996, and is currently less than 3%. This proves to depress our level of investment. However, this decline has been more than compensated for by the rapid decline of the federal government budget deficit and the currently growing surplus, as well as by a huge inflow of dollars from foreigners.

6. If you owned a business and were considering increasing your level of investment, what would be the most important factor you would consider in determining how much you planned to invest? Explain why you chose that factor.

Three factors you should definitely consider are the expected rate of profit, the interest rate, and your expected sales. Which is the most important factor? I would say, the expected rate of profit. If it were below about 4%, you would not want to increase your level of investment no matter how low the interest rate and no matter how high expected sales. Were the expected rate of profit, say, 20%, then you would probably want to invest as much as you could, assuming, of course, that the interest rate would much lower than 20%.

7. Why are virtually all large business firms corporations?

They are large because of the three advantages mentioned in the answer to question 1. It would be virtually impossible to run a large corporation if the owners were liable to law suits, if it could not sell stock to the public, and if it needed to reorganize each time an owner died.

8. The Swanson Company, a partnership, was formed in 1999 by Jill Swanson, Jenne Swanson, Duke Swanson, Gage Swanson, and Maggie Swanson. In 2000, Holly Swanson and Missy Swanson were taken into the partnership. In 2001, Duke Swanson left the partnership and Brenda Swanson and Jerry Swanson joined it. In 2002, Jill Swanson left the partnership and Buddie Swanson joined it. In 2003, Forrest Swanson joined the partnership. Explain why it would have been easier for this company to have begun as a corporation rather than as a partnership.

The Swanson Company has a fairly large number of partners, with at least one partner joining or leaving each year. Each time a new partner joins or a partner leaves, the partnership must be dissolved and a new one formed. Had the company incorporated, it would have been a permanent entity, not subject to frequent dissolutions and reformations.

 

9. Practical Application: You and three friends have saved $100,000 and decided to form a computer repair business. Would you form a partnership or a corporation? Explain why you made this choice.

Although it would be very easy to form a partnership, doing so would leave you with two problems. You would not have limited liability, and if one of the partners left the business or a new one joined, the partnership would have to be dissolved and a new one formed. In most states a corporation could be formed quickly, easily and cheaply. So if I were you, I'd incorporate.

10. Practical Application: You own a furniture manufacturing company that employs 200 people, many of whom have worked for you for over 20 years. Although your company is profitable, you could raise your profits by 20 – 30 percent by shifting your production to Southeast Asia. Will you move your operations abroad? Explain why or why not.

You would, of course, be tempted to raise your profits by shifting or off-shoring your production to Southeast Asia. But on the other hand, you would feel guilty about laying off your loyal employees, even possibly about the effect this would have on your locality—and on the American economy. It's your call.

11. Web Application: Which is the most profitable company in the United States? How much were its profits? Go to www.fortune.com, click on Fortune 500 , and then click on Full List.

Answers will vary.

chapter 7

Answers toMultiple-Choice Questions

 

1. b

2. a

3. b

4. a

5. c

6. b

7. a

8. c

9. b

10. b

11. b

12. d

13. d

14. a

15. d

16. c

17. c

18. a

19. a

20. c

21.  a

22.  d

23.  d

24.  d

25.  d

26.  b

27.  d

28.  c

29.  a

 

 

Answers to Fill-In Questions

 

1. 1933

2. spend, tax, regulate the economy, provide public goods, economic stabilization, and income redistribution

3. October 1, 2006

4. Social Security

5. taxes paid by taxable income

6. rich

7. sales, Social Security, excise

8. 6.2

9. personal income tax

10. 35

11. $1,530

12. big

13. rises

 

Answers to Problems

 

1. $4,960

2. $620

3. ATR = Taxes paid/Taxable income = $1,000/$20,000 = .05 = 5 percent.

4. $2,800

5. 15 percent

6. $5,000 × 0.1 = $500

7. $100,000,000 × .35 = $35,000,000

8. MTR = change in taxes paid/change in taxable income = $2,500/$10,000 = .25

9. ATR = taxes paid/taxable income = $5,000/$40,000 = 1/8 = .125.

10. $30,000 × 10 = $300,000. $300,000 × .0765 = $22,950.

11. Social Security: $100,000 x 0.62 = $6,200. Medicare: $100,000 × .0145 = $1,450. Total = $7,650.

12. The standard or itemized deductions, exemptions, and child care tax credits would mean that none of the $15,000 is taxable. The Social Security and Medicare tax would be $15,000 x .0765 = $1,147.50.

13. (a) You would pay no federal income tax (b) $15,000 x .0765 = $1,147.50.

14. The lowest tax bracket is 10%. If you paid only $1,000 in taxes, you would be in that bracket. So your MTR and your ATR would both be 10%.

15. (a) $106,800 x 0.62 = $6,621.60; (b) $1,000,000 x 0.0145 = $14,500; (c) 35%

16. The first $106,800 of your earned income is subject to 6.2 percent Social Security tax, so you would pay a maximum of $6,621.60. Your entire earned income is subject to a 1.45 percent Medicare tax. So how much income would you be earning if you paid $6,621.60 in Medicare tax? Let's let x = that income. Then we could use this equation:

 

 0.0145x = $6,621.60

 

 0.0145x = $6,621.60

 0.0145 0.0145

 

 X = $456,662.07

 

Answers To Questions For Further Thought And Discussion

 

1. If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years, would she stand much chance of fulfilling her promise? Why not?

 

At least three-quarters of the federal budget consists of items that cannot be cut, either for legal or political reasons—Social Security, defense, interest on the national debt, and Medicare. So where do you cut? Even if she voted for such cuts, there would not be enough votes to pass them.

 

2. When you retire, will you be able to collect Social Security benefits? Give the reasons why you might not be able to collect?

 

The Social Security trust fund, according to actuaries, will run out of money by the year 2040, unless Congress acts fairly soon. The money in this fund is in the form of U.S. Treasury securities. So, in effect, the trust fund is money owed by the U.S. Treasury to retirees. As long as the U.S. government is solvent, those securities are sound. But what if the federal government starts running deficits again and the national debt shoot up, especially as the ratio of workers to retirees continues to fall? So if you plan on retiring before 2040, you'll probably be able to collect benefits, but there is no question the Social Security system will need to be fixed well before then.

 

3. Discuss the pros and cons of having a high cigarette tax.

 

Pros: A high tax raises tens of billions in government revenues every year and it discourages people, especially teenagers, from smoking.

Cons: It is a regressive tax and it places the government in the position of punishing us for our sins.

 

4. Make up a numerical example to show why the Social Security tax is regressive.

 

Income Tax rate Taxes Paid Taxes as a percentage of income

$10,000 6.2% $620 6.2%

100,000 6.2% 

 

5. If Adam Smith were alive today, to what degree would he approve of the present economic role of the American government?

 

Although he wouldn't be at all happy with the myriad federal economic rules and regulations or with attempts to use the level of government spending and taxation to smooth out the business cycle, he might agree with much of the provision of public goods and services—certainly defense, and very likely police and fire protection, streets, highways, and parks.

 

6. What additional goods and services do we expect from government today as opposed to 60 years ago?

 

We expect an extensive national defense, Social Security, universal education at least through high school, some form of medical insurance, and the maintenance of a national highway network.

 

7. Some politicians say that Americans pay too much in taxes. Explain why you agree or disagree with them.

 

Compared to other industrial nations, taxes in the U. S. are extremely low. Nevertheless, it could be argued that taxes are still too high in the U.S., and that they are ridiculously high in other countries.

 

8. Describe the growth of the economic roles of the federal government since the 1930s.

 

In the 1930s the federal government, under the New Deal, began to regulate the banks through the Federal Deposit Insurance Corporation (FDIC), and to intervene in the economy to put people to work in jobs programs. Social Security and public assistance were also launched. In the 1940s the government spent hundreds of billions of dollars fighting World War II. After the war, although military spending was slashed, it never fell to prewar levels, and it rose to about $300 billion (in 2001 dollars) in the early 1980s, never falling much below that level. In the 1960s the Medicare, Medicaid, and food stamp programs were started, and expenditures of each has risen exponentially since then.

 

9. Explain the difference between government spending and government purchases of goods and services.

 

The federal, state, and local governments spend about half of their receipts on the purchase of goods and services, like highways, teachers' salaries, defense, and the justice system. The other half goes for Social Security benefits, public assistance, pensions for government retirees, and other transfer payments. So government spending includes government purchases of goods and services and well as transfer payments.

 

10.  Give two examples of public goods or services that you use.

 

Streets, highways, police protection, fire protection, the courts

 

11. Practical application: If you could order a cut of $100 billion in federal spending, which programs would you cut and why would you cut them?

 

My two favorites for cutting would be defense and agriculture. Do we need to spend as much on defense as the rest of the world put together? With the disappearance of the Soviet Union, surely there is less need for a huge military establishment. And why must we pay farmers tens of billions of dollars a year to not grow certain crops, or to support the prices of crops they grow?

 

12. Practical Application: In what ways is our tax system—federal, state, and local –

too regressive? How would you make it less regressive without reducing tax revenue?

 

The Social Security tax – and to a somewhat lesser degree, the Medicare tax – are regressive because they are a much greater burden to the poor and the working class than they are to the relatively well off. The Social Security tax is a flat tax of 6.2 percent on the first $106,800 of earned income, so those earning over that ceiling pay a smaller percentage of their income than those earning below that ceiling. The Medicare tax is a flat 1.45 percent of one's income, but it is still a greater burden on the poor than on the rich.

 Nearly all states – and to a lesser degree, localities – have sales taxes, which fall disproportionately on the poor and working class. These groups spend virtually all of their incomes, whereas the rich, on average, save a substantial part of their incomes. So lower income people generally pay a higher percentage of their income on sales taxes than the rich.

 

13. Practical Application: About how much personal income tax would you have to

pay on a job that paid $100 million? See if you can come up with the correct answer in less than 10 seconds.

 

In 2010 the top marginal tax rate was 35 percent, so you would have to pay about $35 million.

 

13. Web Activity: On January 1 of each year, the Social Security wage base rises. To

find the wage base for the current year, go to www.google.com, type in "Social Security Wage Base," and click on the first listing.

 

 Answers will vary.

 

14. Web Activity: Which states have no sales tax? Go to www.taxadmin.org and click

 on "State Comparisons" at the top left of the left column.

 

As of 1/1/10 just five states -- Alaska, Delaware, New Hampsire, Montana, and Oregon -- had no sales tax.

Chapter 8

Answers to Multiple-Choice Questions

 

1. c

2. a

3. b

4. d

5. c

6. d

7. a

8. b

9. a

10. b

11. b

12. b

13. a

14. c

15. c

16. d

17. a

18. b

19. c

20. b

21. c

22. c

23. c

24. b

25. c

26. b

27. a

28. c

29. b

30. c

31. c

32. d

33. c

34. a

35. a

36. d

37. b

 

 

Answers to Fill-In Questions

 

1. export - imports

2. the United States, Canada, Mexico

3. 392

4. agricultural subsidies

5. 10%

6. Mercosur

7. more competition from low-wage Third World workers

8. Germany (may be China in more recent years)

 

 

Answers to Questions for Further Thought and Discussion

 

1. Explain how and why trade barriers have come down in recent decades.

 

The main reason why trade barriers have come down is the formation of GATT, and its successor, the WTO. These organizations, to which nearly all of the world's nations have belonged, have progressively reduced tariffs and other trade barriers among its members. Regional trade organizations such at NAFTA, Mercosur, and the European Union have had even more success. All of this has been made possible by the widespread belief that trade and globalization are beneficial to every nation. However, that belief is hardly universal, as evidenced by the massive protests in Seattle, Prague, and other cities.

 

2. Do you think we should have joined NAFTA? Try to argue this question from both sides.

 

Pro: Trade between nations always benefits both nations. The U.S. concentrates on producing the goods and services that it produces most efficiently and sells them to Mexico. And Mexico does the same with us. This pushes up the standard of living of both nations.

Con: American manufacturers have moved factories to Mexico costing American workers hundreds of thousands of jobs. The Mexican factories pay their workers only a dollar an hour and the factories do not uphold the higher environmental

standards of those in the U.S. Furthermore, by buying products from Mexico and other poorer nations, American consumers are encouraging the exploitation of low-paid workers, many of whom are children.

 

 

3. List the reasons why our trade deficit has grown so quickly since the mid-1990s. What can we do to help bring it down?

 

(1) Our economy has grown more rapidly than those of our major trading partners, especially Canada and Western Europe.

(2) Americans have been on a buying binge.

(3) The dollar has risen relative to other currencies, making imports cheaper to American consumers and making our exports more expensive to foreign consumers.

The federal government can make savings more attractive by making more savings tax-free, and state sales taxes and federal excise taxes can be raised.

The Treasury can push the value of the dollar down by selling dollars in exchange for foreign currencies.

 

4. Identify the goods and services that you purchase that are imported. How would your lifestyle change if these imports were unavailable?

 

Everyone's answer will differ. I drive a Toyota Camry, own a Sony T.V. and VCR, and have a Nikon camera. Most of my clothing is imported, I often watch foreign movies, and I sometimes travel abroad. My lifestyle would suffer if I were to substitute American for foreign goods and services. Indeed, we've pretty much stopped making TVs, VCRs, and cameras in the United States, and the American goods and services that I would substitute would, at least in my mind, be inferior to those originating abroad.

 

5. How would your life change if the U.S. were no longer the world's leading exporter?

 

If you worked for a major exporter like Boeing or Chase Bank, you might be out of a job, or perhaps you would earn less money. Or, even if you didn't , you might find that all those people who lost their jobs at Boeing, Chase, and other leading exporters might, in effect, bid salaries down, and you would end up making less money. 

 

6. Explain how international trade (exports and imports) affects a nation's output, employment, and income.

 

A nation will produce more because it will concentrate on providing those goods and services which it can produce most efficiently. Its employment may be higher, since workers in our major exporting firms will be more productive (although even without trade, these people would probably still be working at less well-paying jobs). Income would be higher since we would be producing more. This, in turn, would enable us to consume more.

 

7. Practical Application: Should the U.S. pull out of NAFTA? Explain why we should or should not.

 

On balance I think we should stay in NAFTA. American, Canadian, and Mexican consumers benefit from free trade and a facilitated flow of goods among the three countries. There is the added fear that if we were to make it harder for Mexicans to sell us their goods, there would be an even greater flow of illegal immigration.

 

But there has been a definite downside to NAFTA. Since its inception our trade deficits with Mexico and Canada have shot up, while our heavily subsidized farmers—especially those growing corn—have put hundreds of thousands of Mexican farmers out of business. And finally, taking advantage of very low wage rates, American manufacturers have moved hundreds of thousands of factory jobs to Mexico.

 

 

8. Practical Application: A group at your school has called a meeting to discuss a

boycott of the college bookstore if it continues selling clothing made with sweatshop labor. Would you support such a boycott? Explain why you would or why you would not.

 

Much of the clothing sold in college bookstores is made with sweatshop labor, so there is good reason to oppose its sale. A boycott might lead to better working conditions and higher pay. But jobs in sweatshops are almost always better than whatever other work is available. So a boycott might leave these workers worse off than they would have been if the college bookstore continued buying this clothing.