Unit Five Review

14 06 2011

Topics Covered:

  • Fiscal Policy (these videos use a slightly different model for aggregate supply then what we covered in class, don’t worry too much about it – just focus on aggregate demand)
  • Money
  • Monetary Policy – quantitative easing

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Unit Four Review

14 06 2011

Topics Covered:

  • Circular Flow of Income
  • GDP
  • Employment
  • Inflation
  • Economic Growth
  • Business Cycle
  • Aggregate Supply and Demand
  • Interest Rates

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Unit Three Review

14 06 2011

Topics Covered:

  • Market Failures
  • Externalities
  • Public Goods
  • Price Ceiling and Floors
  • Subsidies
  • Quotas (stop video after 1:55 – you don’t need to worry about the producer and consumer surplus or the deadweight loss)

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Unit Two Review

14 06 2011

Topics Covered (lots and lots of material here!)

  • Supply and Demand
  • Elasticity
  • Marginal Utility
  • Revenue, Costs and Profit
  • Marginal Revenue and Marginal Cost
  • Market Structures

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Unit One Review

14 06 2011

Topics covered:

  • Positive vs Normative Economics
  • Scarcity and Choice
  • Opportunity Cost
  • Productions Possibilities Curve
  • Absolute and Comparative Advantage

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Money and Monetary Policy

7 06 2011

How Monetary Policy Works

A little Daily Show to start off…

Quantitative Easing

Two Views on Quantitative Easing





Will World Round 4

1 04 2011

Quarterly Report

Accounting regulations in Will World require all companies to produce quarterly reports.   The template for the report is available here.   Copy the file to your google account and fill out all the information.   Make sure you make the document public so everyone can see it.  Post a link to your file in the comments to this post.

Changes for this Cycle

You have the option in this cycle of setting your own price for Macs and Lyons.   Based on your price, you may sell out completely or you may have goods remaining at the end of the cycle.  Make your decisions wisely.

Be sure to fully read Will World Words as there are more options available to you in this round.  First come, first serve means exactly that so make your decisions carefully and quickly.

Post your pricing and production decisions here.

To increase your reputation this round you can complete these questions by the end of the day.