#cmc2015

[korraiscool]

I know that it has be a while since this episode came on....but this video made me cry all over again

[matrix34]

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[duchess868]

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[matrix34]

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[cmcecons2015-blog]

Macro Reflection 1

1.  Hey, that was exactly the same as the micro chapter.  I suppose this is a useful reminder about the art and science of being fleeced by huge textbook companies. That isn’t really a change in my perception of economics so much as a thoroughly reinforced fact. Is this a useful example of a market failure? The command decision was made to use this book in its most recent edition including specific interactive components which leaves the consumer unable to interact with the full market of economics texts, namely rental and used markets. I suppose the open market was accessed at the institutional level when this was chosen as the sole text for the course, and that the institution is the true consumer in the textbook market meaning that this isn’t a failure at all. That, however does not make me feel any less bitter about my access code still being on back-order.

I also look forward to seeing if the study questions keep taking little swipes at organized labor. Once again, not really a new perception, but maybe it will change my mind. Who knows, it’s a long summer.

2. I am still looking forward to seeing how the text treats government monetary policy as it is an area where I know that I have a lot to learn. I am also interested to see how/if the text approaches interventionism v. austerity in times of economic crisis. Pay little mind to the rant in question 1, I am really looking forward to this class!

[cmcecons2015-blog]

Micro Reflection 1

1.Honest confession: I have a BA in Political Science and spent most of my undergraduate days between leering glances with economics students. It also means that I got the economics lite treatment, so a lot of these concepts are pretty familiar. I am interested to see how the text approaches inflation, especially based on the 10th principle that ties inflation to unemployment. It seems like an interesting topic with plenty of case studies around the world in recent years.

2. I suppose that I got into new questions a little in section 1.  I am interested in finding out more about the relationship between inflation and unemployment. As a public-sector oriented guy, I am also curious to see how the text continues to address state involvement in economic policy.