Department of Economics

Prof. Dohan's Website www.profdatqcecon.org

Email michael.dohan@qc.cuny.edu

Queens College of CUNY

   

www.profdatqcecon.org

Prof. Dohan's Website

Check this page for any last minute changes.

May 20, 2012, 4:30 PM

REVIEW SESSION ECO 101: May 22, 6 pm Kiely 270 REVIEW SESSION ECO 102: May 23, 6 pm Kiely 270

Eco 101 and 102 Students:

You can start the Final in Remsen 100 from 11:00 am to 4:00 pm at which time we move to Remsen 17 next door downstair from 4 to 8. pm.

If you have another exam during this period, you can leave to take the exam, take a short break and then come back and continue.

For students taking both Eco 101 and Eco 102, split up you time carefully. Eco 101 Exam should take less time then Eco 102, for well prepared student.   The exam should be completed in 2 hours but you have at least 4 hours to work on it.

Note:  there was a grading error by me in the Eco 102 2nd Mid-Term Exam.  Please bring your 2nd Mid term with you so we can check it.

 

Check Back here for an occasional office hour over this smmer.

michael.dohan@qc.cuny.edu

 

 

Teaching Schedule Fall 2012 Semester

Spring 2012 Eco. 101 on Tues & Thurs 12:15 to 1:30 in Kiely 270

Spring 2012 Eco 102 on Tues & Thurs 3:05 to 4:20 in King 202

My Eco 101 and 102 courses are designed for students who want a rigorous preparation for advanced courses in Economics, Business, Risk Management and Accounting.  They use more algebra and graphs than most other Intro Eco courses. They also focus on increasing your knowledge of English, world and US financial and economic developments.  Students universally report that advanced courses are easier for them than for other students. They do require substantial work outside of class (6-8 hours per week) but about 40% of my students earn B to A+.

Foreign students need to study more if their English is not good. You can do it if you study enough.

Plan on working less then 15 hours per week outside of school and taking no more than 15 credits per semester.

.
 

Appointments are needed for foreign transfer credit evaluation. Make appointment by E-mail: michael.dohan@qc.cuny.edu

Evaluation of Foreign Transfer Credits

Make your first appointment (15 min) by E-mail Wait for me to confirm your appointment. For your first appointment, come to PH 306f with your (unofficial) transcripts in the language in which they were issued and an English translation plus your yellow form. Come ten minutes early to fill out the advisement form from the folder on my door or print and fill out the same form here. PreAdvisement Form for Major Declaration and other Advising.

When you come for the first time, I shall review your transcripts, yellow form and advisement form with you. If we need more time, we shall than make an second appointment long enough to evaluate all your economics and business credits. Depending on the courses and language and your course descriptions, it takes between 3 and 10 min per 3 cr. course.

Evaluation of only Eco 101 Intro to Macro and Eco 102 Intro to Micro or just 3 credits usually can be done in tweny minutes.

For more credits you need, more time. First appointments are usually for 15 minutes only to see how many credits you have to transfer ad other instructions. You then get a second appointment, usually Tuesday or Thursday between 5 and 8.

Declarations of Majors need to bring 1) the completed preadvisement  form from outside my door at PH 306F or
a filled out copy of their planned course concentration form (available at http://www.qc-econ-bba.org/forms/Economics.ihtml), 2) their transcripts from Queens and other Universities, 4) the major declaration form available in the Economics Office or registrar and 4) their college ID.  After a review of the courses for your major concentration form, you can go to a computer lab or library, correct it and print out three copies to bring back to me to sign.

 

STARTING IN APRIL: FOREIGN TRANSFER CREDITS EVALUATIONS IN BUSINESS AND ECONOMICS BY SIX FACULTY MEMBERS TO REDUCE WAITING TIME.

Send and email with the following information which you state:

Your name and student ID, the foreign country and university, the years attended, the number of economics credits and business courses to be evaluated, a scanned copy of your transcript in in your own language and in English if you have it.  Also fill out the "Advisement Form" #3 on this website in Word and attach it to the email: michael.dohan@qc.cuny.edu

.  For the actual course evaluation, you must bring a course descriptions or an acceptable substitute.

You do not need to translate documents you have in the following languages: Spanish, French, Russian, German, Ukrainian, Italian, Romanian, Polish and Slavic-based languages. 

The additional faculty evaluators available later this spring are fluent in espcially in Chinese, Polish, and Spanish. To get the process started quickly we make a 15 minute appointment by email to look over your documents to see how much time you will need for a full evaluation and what other information you will need to bring with you for your second appointment.  These second appointments will be scheduled on Tuesdays and Thursdays starting September 10th  with me or with another faculty member who is training to evaluate foreign credits, especially in Chinese and other Oriental languages.  Also fill in the form for advisement and send it back to me as an attachment to an email. Indicate in your email what times you can not meet because of classes. I will respond with your appointment time, usually on a Tuesday or Thursday.  The website is www.profdatqcecon.org.   

If you need immedate evaluation of Economics 101 and 102 as a prerequisite to another Economics course, I shall also be able to sign a letter to the Department in our first meeting that you have completed the equivalent of Eco 101 Macroeconomics or Eco 102 Microeconomics -  if the English translation  of your university transcripts states that you have completed this courses with an appropriate grade. Please bring all your available material with you to the first meeting including your transcripts in your original language as well as English.  (If it is in Russian, French, German, Spanish, or Polish, you do not need an English Transcript for this meeting, but you will for other departments.)

===================================================

To get the "Ivy League" equivalent of an education from Queens College, read the New York Times and or the Wall Street Journal plus the Economist regularly. Ask me about the student rates for these publications.

Request of my past students and advisees.

Please keep in touch with me and how you doing in your later eco classes.  Economics and BBA majors, when choosing instructors for your advanced courses, look for courses taught by full-time professors - although we do have some outstanding adjunct professors as well.

_______________________ _____________________________

Good News for New Students (since Fall 2009)

Economics 100, 101, and 102 have all been approved to satisfy certain PLAS

Economics 100, 101, and 102 have all been approved to satisfy certain PLAS (Perspectives in the Liberal Arts) requirements, the general education requirements that apply to students who matriculated in fall 2009 or later.  Each of these economics courses satisfies two requirements:  “Areas of Knowledge and Inquiry: Analyzing Social Structures” and “Global Contexts: United States.”   PLAS requires two courses in the Social Structures category, but they must be from two different departments.  Hence, students who have taken both Economics 101 and Economics 102 can receive PLAS credit for only one.

_____________________________________________________

Free Economic Tutoring in Kiely 131 & 127 & 132

Academic Support Lab 718-997-5677 Some of the tutors are my past students and knows my work.

Strategy for doing well in Aplia.

Remember, 20% of your grade depends on Aplia. Not doing Aplia brings your grade down to a B.

To do well in Aplia,

1. Do the practice problems first.

2. Start the graded problems early. 

YOU CAN ALWAYS GO BACK AND CHANGE YOUR ANSWERS UNTIL THE CLOSING DATE/TIME

EXCEPT FOR THE GRADE IT NOW PROBLEMS..

 

If you want to drop my class, do it officially. A "W" - an official withdrawal -  is much different and is not counted in your GPA. After a certain date, you have to go to the Committee on Scholastic Standing and get the right paperwork for me to sign, which I do at any time up to the last class.

On the other hand, if you just stop coming to class or stop doing the work without completing the right paperwork, you will receive a grade of "WU" which is the equivalent of an F, which is counted in your GPA.

 
 
 
 

2. Useful Information

May 20, 2012, 4:30 PM

REVIEW SESSION ECO 101: May 22, 6 pm Kiely 270 REVIEW SESSION ECO 102: May 23, 6 pm Kiely 270

 

Foreign Credit Evaluation Requirements.

For foreign credit evaluation and advisement, appointments are required.

Please send me an email if you want an appointment to michael.dohan@qc.cuny.edu

 
Please check this website www.profdatqcecon.org to prepare for our first meeting. Bring a extra copy of your transcripts and descriptions of your Economics and Business course for my files.  They should be in language in which you took the courses. If it is in Chinese or other Asian language please do rough translations of your own about the courses organized in outline form. Read the information below on this website about foreign credit evaluation.
  • If you need quick evaluation of Eco 101 and 102 so that you can take other courses, please send me a scanned copy of you transcripts by email ASAP.*  

*See below for documentation language requirements. We prefer to get course descriptions in both your native language and and your English translation in outline forms based on topics covered and where it shows up on your transcripts.  If it clearly states "Microeconomics and/or Macroeconomics" and you have an equivalent grade of C- or higher, you can get a letter from me for the Economics Department Secretary. After you get my email or letter about Eco 101 and 102, the secretary will register through the Department Office in PH 300A - IF THERE IS SPACE AVAILABLE.

Please email me with your questions and provide as much information as possible about your courses.

.
For foreign students needing transfer credits for Eco 101 and Eco 102 as a prerequisite for registration for the Spring semester, we can often resolve in the first meeting or by email, phone fax or emailing of scanned documents. I will also look to see if you have at least Math 131 (Calculus for the Social Sciences).

Be sure you have the proper documents for 101 and 102 (transcript in English and your original language course descriptions only in your native language and YOUR TRANSLATION in outline forms based on topics covered and where it shows up on your transcript. My colleagues, senior assistants and I can read most European (except Finnish, Estonian or Hungarian) or Slavic languages (using latin or cyrillic alphabets). If, however, your transcripts are in Hungarian, Turkish, Finnish, Estonian, Chinese or Korean or other Asia language or Urdu, Farsi, Arabic, etc. , please bring extra photocopy both your native language and an English translation of transcripts as and YOUR translation of the course descriptions.

.

I noted five basic skills that you must master to do well in exams, in college and your career.
           1. Learn to listen and read the instructions carefully and note the special points.

    What is the question being asked? 

Are they complex problems, often with multiple parts and variables. 

          Are they cascading problems where the following answers depended on the previous answers.

           2. Learn how to solve simple sets of algebraic equationsfor Eco 101 and 102: Regents, or Math 110 is the minimum requirement.
           3. Learn how to graph linear equations and data
4. Expand your knowledge about the world around you in English by reading the New York Times, the Economist, WSK, Bloomberg BusinessWee.

Learn more about the world economy and their interdependencies of various sectors, inputs and markets.

Learn how expectations about the future affect the present and how present decisions affect the future.

          5. Learn how to write legibly and logically. 

          6. Learn how to identify the problem in a question and solve it.

          6. For four courses, plan to study at least 6 hrs/wk per course or 24 hours per week.  Students needing money to live, try to borrow money
              before working mor than 20 hours per week or work full-teimre in the summer.

How to do well in my courses.

What gives my students the most problems? Not studying enough. Not doing Aplia Practice Problems 1st.

Not understanding the problem in English causes a lot of problems. Algebra? Graphing?

Let me know by email. 

 
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May 20, 2012, 4:30 PM

REVIEW SESSION ECO 101: May 22, 6 pm Kiely 270 REVIEW SESSION ECO 102: May 23, 6 pm Kiely 270

Eco 101 and 102 Students:

You can start the Final in Remsen 100 from 11:00 am to 4:00 pm at which time we move to Remsen 17 next door downstair from 4 to 8. pm.

 

If you have another exam during this period, you can leave to take the exam, take a short break and then come back and continue.

For students taking both Eco 101 and Eco 102, split up you time carefully. Eco 101 Exam should take less time then Eco 102, for well prepared student.   The exam should be completed in 2 hours but you have at least 4 hours to work on it.

Note:  there was a grading error by me in the Eco 102 2nd Mid-Term Exam.  Please bring your 2nd Mid term with you so we can check it.

 

 

Eco 101 Spring 2012

Class Meets in Kiely 270, Tues & Thurs 12:15 to 1:30 PM

Eco 101 Macroeconomics Syllabus, Spring 2012

 

Final Exam for Eco 101,

Scheduled originally for Tuesday May 22, 1:45 to 4:45 has been rescheduled to Thurday May 24 starting at 11:00:

Location: Remsen 100, 10:00 to 4:00 and moving to Remsen 17 from 4  - 8.    Exam is designed for 2 hours for English fluent well studied students. Maximum time allowed for final 6 hours, but rarely needed

Eco 101 Sample Practice Final Spring 2011

Answers will not be posted for this exam.

Eco 101 Sample Practice Longer Final Fall 2010 with answers below

Sample Eco 101 Final with Answers .

Sample Eco 101 Final longer version without Answers

 

Sample Eco 101 Final Shorter Version without Answers

 

Homework Problem SYNTHESIS OF MONETARY and FISCAL POLICY

 SampleVIP PROBLEM THAT REQUIRES THE USE OF MONETARY and FISCAL POLICY

TO MANAGE THE ECONOMY and GROWTH

Knowing how to answer this problem completely is a requirement for an A grade.

 

Example for the Macro problem with answers

  1st part to answer to problem similar to the above problem

2nd page to answer to above problem, similar to the above problem

 

 

Notes to my Eco 101 Lecture on April 26

Algebraic model of economic with more variable.

SAMPLE 2nd MID TERMs

Eco 101 2nd mid term w-answers.pdf

ACTUAL FALL 2011 ECO 101 2nd MID-TERM

SAMPLE 1st MID TERM

Sample First Mid-term from Last Fall 2011

Sample First Mid-term from Fall 2010 with ANSWERS

Sample First Mid-term from Fall 2006 with ANSWERS

Vocabulary

Macro Symbols Macro Vocabulary up to the 2nd mid term

8. Non-text Lecture Vocabulary 1st six weeks of classes, 2012

 

1. Key concepts and definitions for the study of economics

1a. New Words For Everybody and especially foreigners.

2. Another Vocabulary List That Duplicates the One above: a useful review. Math Terms

3. 1st part of supply and demand vocabulary

4. 101Terms vocabulary 1 to 4

5.Vocabulary and concepts list 101

6. More vocabulary from lecture

7. Vocabulary list for market failure

 

Homeworks and Due date

#1 Maths and Graphs Assessment Test

#2 Simple Supply and Demand Graphing 

#3 Revised Plotting Sets of Numbers Homework  

4. Total product, marginal product, graphs and maths

Social marginal cost should not exceed social marginal benefit.

#5 Graphing Production Possibility Frontiers and zero opportunity costs

# 6   Simple Supply and Demand Curve with Different Situations

#7 Factors shifting the supply or demand curve of one product VIP

# 8 MRP-Wage Problen and Maximizing Profit From Adjusting Amount of Variable Input Hired VIP

#9 How an excise tax reduces the external costs of using coal to generate electricity VIP

# 10 GDP ACCOUNTING AND Actual Savings = Actual Investment FIRST PAGE IS NOT EXTRA CREDIT

Due April 3

#11 Understanding the consumption function

Due April 3

#12 Linear Consumption and Savings Functions and Changes in GDP

Due April 5

EXTRA CREDIT Saving-Investment, Induced Investment and Paradox of Thrift

Due April 5

 13. Algebraic model of  GDP and the paradox of thrift and changes in government spending

Due April 17

 14. Adding tax policy to our algebraic model.

Due April 19

15 Questions on Operation of the Federal Reserve System

16 Reserves and, Loans & Money Supply

17 Questions on Money and Monetary Policy and Practice for the Final

 

18 PRACTICE  MONETARY AND FISCAL POLICY PROBLEM Eco 101

Grand Synthesis Problem MACRO ECONOMIC POLICY PROBLEM  (40 points) with answer

Do not hand in.  Study it

Aplia Course Key:VQZ7-UKMV-U9WV

Spring 2012 Eco 101 Aplia Student Registration and Payment Instructions

Go to www.Aplia.com and follow the instructions.  Use The Course Key below,

Choose Eco 101 Intro to Macroeconomics Spring 2012

Macroeconomics: Principles and Policy customized for Baumol and Blinder 12th ed.
Instructor: Prof Michael Dohan

Course Key:VQZ7-UKMV-U9WV

Aplia opens for use on January 31, 2012 and closes on December 30th 2012

After you sign up for Aplia, you can buy the text at a significant discount.

Deadline for Payment February 20, 2012.

 

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REVIEW SESSION ECO 101: May 22, 6 pm Kiely 270 REVIEW SESSION ECO 102: May 23, 6 pm Kiely 270

Eco 101 and 102 Students:

You can start the Final in Remsen 100 from 11:00 am to 4:00 pm at which time we move to Remsen 17 next door from 4 to 8. pm.

 

If you have another exam during this period, you can leave to take the exam, take a short break and then come back and continue.

For students taking both Eco 101 and Eco 102, split up you time carefully. Eco 101 Exam should take less time then Eco 102, for well prepared student.   The exam should be completed in 2 hours but you have at least 4 hours to work on it.

Note:  there was a grading error by me in the Eco 102 2nd Mid-Term Exam.  Please bring your 2nd Mid term with you so we can check it.

 

Eco 102 Microeconomics Syllabus Spring 2012Revised

 

Final Exam for Eco 102, Optional day

Scheduled originally for Tuesday May 22, 4:00-6:00 PM has been rescheduled to Thurday May 24 starting at 10:00:

Location: Remsen 100, 10:00 to 4:00 and moving to Remsen 17 from 4  - 7.    Exam is designed for 2 hours for English fluent well studied students. Maximum time allowed 4  hours.

 

Sample Final Fall 2011 without answers

Sample Final 2010 with answers

 

 

SAMPLE 2nd MID TERMs

ACTUAL FALL 2011 ECO 102 2nd MID-TERM ExAM

ACTUAL 2010 ECO 102 2nd MID-TERM with Answers

SAMPLE 1st MID TERMs

Sample First Mid-term from Last Fall 2011

Sample First Mid-term from Fall 2010 with ANSWERS
New

Sample First Mid-term from Fall 2006 with ANSWERS

Vocabulary

STUDY THIS LIST CAREFULLY NOW!!!!

102 vocab and concepts B and Blinder 7 thru 11

Updated Vocabulary List for 102 , Chapters 5 - 8

PRINT   Formulas and Terms to be used with 2nd Mid-Term.

8. Non-text Lecture Vocabulary 1st six weeks of classes, 2012

1. Key concepts and definitions for the study of economics plus some new words for foreign students.

2. Another Vocabulary List That Duplicates the One above: a useful review. Math Terms

3. 1st part of supply and demand vocabulary

4. 101Terms vocabulary 1 to 4

5.Vocabulary and concepts list 101

6. More vocabulary from lecture

7. Vocabulary list for market failure

Homeworks and Due date

#1 Maths and Graphs Assessment Test

#2 Simple Supply and Demand Graphing 

#3 Revised Plotting Sets of Numbers Homework  

4. Total product, marginal product, graphs and maths

Social marginal cost should not exceed social marginal benefit.

#5 Graphing Production Possibility Frontiers and zero opportunity costs

Unemployed resources implied zero social costs of building projects.

#6  Simple Supply and Demand Curve with variations

#7 Factors shifting the supply or demand curve of one product

# 8 MRP-Wage Problen and Maximizing Profit From Adjusting Amount of Variable Input Hired

#9 How an excise tax reduces the external costs of using coal to generate electricity VIP

 #10 Maximizing Utility Using the Budget Line and Indifference Curve Approach VIP

Due Thursday March 29

#11 Separating out changes in demand from a price increase into the substitution effect and the income effect

Due Tuesday April 3

#12 Elasticity of Demand Using the Point Elasticity Approach.

Due Thursday April 5

13. Homework Minimizing the Costs of Producing Bicycle and Economies of Scale

Due Thursday April 5

14 Profit Maximization and Supply Curves of the Firm A Numerical Problem

Due Tuesday April 17.

15. Profit Maximization and Supply Curves of the Firm and Industry in Perfect Competition - a graphical analysis

Due Tuesday April 17.

16. Monopoly A Simple Analysis

Try to do it after Aplia and reading chapter

17:  Monopoly and Competitiion

 

 

 

Updated Vocabulary List for 102 , Chapters 5 - 8

Formulas and Terms to be used with 2nd Mid-Term. 

1. Key concepts and definitions for the study of economics plus some new words for foreign students.

2. Another Vocabulary List That Duplicates the One above: a useful review. Math Terms

3. 1st part of supply and demand vocabulary

4. 101Terms vocabulary 1 to 4

5.Vocabulary and concepts list 101

6. More vocabulary from lecture

7. Vocabulary list for market failure

_________

Learn this Vocabulary For the Second Mid-Term

New Vocabulary List for Chapter 5 - 11

_____________

Updated Vocabulary List for 102 , Chapters 5 - 8

____________________

Fall 2011 Eco 102 Aplia Student Registration and Payment Instructions

Go to www.Aplia.com and follow the instructions.  Use The Course Key below,

Course Key: CSPG-XET6-LTP4

Course Name

Eco 102 Aplia Student Registration and Payment Instructions

Eco 102 Microeconomics Spring 2012 Dohan: Baumol & Blinder 12e

But actually the 11 edition will do just as well and is much cheaper.

Start Date: January 31, 2012  Payment Date:  Feb. 20, 2012  

You can start before paying or getting the access card and use it up to Feb. 20, 2012

(Check for Textbook prices after you log-on)

Instructor: Prof. Michael Dohan
Course Key: CSPG-XET6-LTP4

======================================================================================================

BELOW HERE IS

ALL OUTDATED MATERIAL

 

 

The Grand Synthesis of Fiscal and Monetary Policy in 21st Century

Another Grand Sythesis Problem for You to Practice on

 

Impact of Money on Economy and Growth

Expansion of the Money Supply

Based on Chapter 12

The Federal Reserve System

Based on Chapter 12 and 13

All of the above should be completed by Tuesday class

 

# 13 Simple Algebraic Model of Economy and Fiscal Policy For Full Employment

#12. Complex Algebraic Model of the Economy and Multiplier

VIP 11b Equilibrium with multiplier and fiscal policy but without equations

#11a Equilibrium with multiplier but without equations

Answer to Macroeconomic Problem without equations (Last Tuesdays lecture).

#11. Saving-Investment, Induced Investment and Paradox of Thrift

#10 Linear Consumption and Savings Functions and Changes in GDP

#9 GDP Accounting and Calculating Disposable Income

Answer to 9 GDP Accounting and Calculating Disposable Income

#8 VIP Consumption and Savings, MPC and MPS as Disposable Income Rises (or Falls) 

7.5. Understanding the consumption function

 # 8 MRP-Wage Problem from the PPF problem, remember

#7 How an excise tax reduces the external costs of using coal to generate electricity

#6 Factors shifting the supply or demand curve of one product

# 5  Simple Supply and Demand Curve with variations

 

# 4 Graphing Production Possibility Frontiers

and

Total and Marginal Productivity Curves

Note mistake in Question 2d.  Instead of "270 units of food" , it should read "290 units of food"

#3 Revised Plotting Sets of Numbers Homework

#2 Simple Supply and Demand Graphing 

#1 Maths and Graphs Assessment Test   

 

Learn these vocabulary and concepts for the first ''exam"

1. Key concepts and definitions for the study of economics plus some new words for foreign students.

2. Another Vocabulary List That Duplicates the One above: a useful review. Math Terms

3. 1st part of supply and demand vocabulary

4. 101Terms vocabulary 1 to 4

5.Vocabulary and concepts list 101

6. More vocabulary from lecture

7. Vocabulary list for market failure

Total and Marginal Productivity Curves

(See Homework #4 above)

Strategy for doing well in Aplia.

Remember, 30% of your grade depends on Aplia.

Not doing Aplia brings your grade down to a C. To do well in Aplia,

1. Do the practice problems first. 2. Start the graded problems early. 

YOU CAN ALWAYS GO BACK AND CHANGE YOUR ANSWERS UNTIL THE CLOSING DATE/TIME.

 

The WSJ Quizzes will be a written take-home.:  Open Paper. 

I have papers in my office from last week.  I will try to copy out the beginning of key articles related to the words.

 

Save your Wall Street Journal throughout the semester for reference.

You are responsible for

a.  Knowing the meaning of the words in the headlines of three section:

1. Front page, 2. Marketplace, 3. Money and Investing.

b. Reading and remembering the contents of the two "yellow" columns down the left side of the front page.

You should have also received an Email. If you did not, email education@dowjones.com or call 1-800-975-8602. That email may have your account number that allows you to look at the Wall Street Journal Online.  Be sure you are able to

 

Free Economics Tutoring for Eco 101 in Academic Support Lab Kiely 131

Some by my former students:

Eco 101:  Schedule TBA

 

 

 

 

 

#10 Linear Consumption and Savings Functions and Changes in GDP

#9 GDP Accounting and Calculating Disposable Income

 

 

Vocabulary For the Second Mid-Term

Vocabulary for 2nd Mid Term:  Print this list and bring to 2nd mid-term

Preparation for First Exam Tuesday October 25

Homeworks done and corrected

# 8 MRP-Wage Problem from the PPF problem, remember

#7 How an excise tax reduces the external costs of using coal to generate electricity

#6 Factors shifting the supply or demand curve of one product

# 5  Simple Supply and Demand Curve with variations

 

# 4 Graphing Production Possibility Frontiers

and

Total and Marginal Productivity Curves and Profit Maximizing Point

Note mistake in Question 2d.  Instead of "270 units of food" , it should read "290 units of food"

#3 Revised Plotting Sets of Numbers Homework

#2 Simple Supply and Demand Graphing 

#1 Maths and Graphs Assessment Test   

 

Learn these vocabulary and concepts for the first ''exam"

1. Key concepts and definitions for the study of economics plus some new words for foreign students.

2. Another Vocabulary List That Duplicates the One above: a useful review. Math Terms

3. 1st part of supply and demand vocabulary

4. 101Terms vocabulary 1 to 4

5.Vocabulary and concepts list 101

6. More vocabulary from lecture

7. Vocabulary list for market failure

 

Total and Marginal Productivity Curves

(See Homework #4 above)

Updated Vocabulary List for 101 , Chapters 5 - 10

Eco 101 Syllabus: MacroEconomics 101.

Answers to a 2nd Eco 102 mid term from last year

Practice Second Mid-term for Eco. 102

Try it Today.  Answers will be posted Friday after Thanksgiving

Print, study and bring to Final

Updated Vocabulary List for 102 , Chapters 5 - 8

Formulas and Terms to be used with 2nd Mid-Term. 

Similar but better on later chapter: monopoly and deadweight loss from inefficiencies (external costs, etc).

Causes of market failure so that SMB < or> SMC

To Read and Understand but do not bring.

Monopoly Study Sheet for The Holidays

Analysis of Monopoly

Expanded Lecture on the Importance of Marginal Analysis MB = MC

Including Lecture on public goods. Read

 

New Homeworks

Last lecture we did.

16. Ownership of Resources and Efficiency

15. Demand-Derived Demand for Inputs

14:  Monopoly and Competitiion

13. Monopoly A Simple Analysis

Try to do it after Aplia and reading chapter

12. Supply Curves of the Firm and Industry in Perfect Competition

.

11b. Homework Minimizing the Costs of Producing Bicycles

ANSWER: Minimizing the cost of producing bicycles

 

11a Cost-minimizing choice of inputs

Due Thursday Nov. 10.

# 10 Marginal Revenue Product of Labor and Profit-Maximization

Due Thursday Nov. 10.

#9 Maximizing Consumer Utility  

Due Thursday November 4

#8 Elasticity of Demand 

 

Old Homeworks

#7 How an excise tax reduces the external costs of using coal to generate electricity

#6 Factors shifting the supply or demand curve of one product

# 5  Simple Supply and Demand Curve with variations
# 4 Graphing Production Possibility Frontiers and Total and Marginal Productivity Curves.

Note mistake in Question 2d.  Instead of "270 units of food" , it should read "290 units of food

 #3 Revised Plotting Sets of Numbers Homework  

#2 Simple Supply and Demand Graphing 

#1 Maths and Graphs Assessment Test   

 

None of these are assigned yet.

Public Goods a Quiz

Ownership of Resources and Efficiency

Demand-Derived Demand Curves for Inputs

 

n

 

#8 Elasticity of Demand 

#8 Elasticity of Demand 

SAMPLE 1st MID TERM

Sample First Mid-term from Last Fall

Marginal Analysis Lecture and Public Goods Lecture Notes

 

 

 

Maximizing Profit under Perfect Competition

Minimizing Production Costs

VIP 102 # 10 Marginal Revenue Product of Labor and Profit-Maximization

New VIP Eco 102 homework: #9 Maximizing Consumer Utility   Due Tomorrow April 8

New easy Eco 102 homework: #8 Elasticity of Demand  Due Tuesday April 7

 

#7 How an excise tax reduces the external costs of using coal to generate electricity

#6 Factors shifting the supply or demand curve of one product

 

Sample WSJ Vocabulary List

Fall 2008:  Aug 28, 08

Retaking this course. See how you get credit for Aplia below.

Here is how you get credit for Aplia if you are using Aplia a second time in this course using Baumol and Blinder.  I don't know whether it will work for students who used different texts (Mankiw) and paid less money.  You could try for a partial credit.     
Dear Michael, Thank you for contacting Aplia Support. If these students are retaking the course they will need to enroll using the course key from your current student registrations. Once they have registered you can have them send an email to support@aplia.com requesting a fee waiver. Once we receive their request we will remove the fee from their account.
Please do not hesitate to contact us if we can assist you with anything else. Regards, Travis
Stranitsa Vesna 2011 upport Team, support@aplia.com

 

Eco 102 Sample Practice Final Spring 2011

Answers will not be posted for this exam.

Eco 102 Sample Practice Final Fall 2010

Answers ARE posted

 

 

ACTUAL FALLL 2011 ECO 102 2nd MID-TERM GIVEN ON DEC 1

ANSWER TO FALL 2011 ECO 102 2nd MID-TERM GIVEN ON DEC 1

 

BOOKS for my Fall 2011 courses.

Eco 101 Macro Do not buy new editions of Baumol and Blinder's Macroeconomics 11 edition 2010 update     Buy used copies of one of the following textbooks.

Eco 101 Macro: Baumol and Blinder, Macroeconomics 11th ed. 2010 update, @2011 They are publishing a new edition in June.

which has an extra chapter "The Financial Crisis and the Great Recession" and more recent tables.

or, simply Baumol and Blinder, Macroeconomics 11th edition. @2009

This version should be really cheap. It is identical with the 2010 update almost page for page except for the tables,

some illustrations and the last chapter.

Eco 101 Sample Practice Final Spring 2011

Answers will not be posted for this exam.

Eco 101 Sample Practice Final Fall 2010

Here are the answwer for this exam.

 

ACTUAL FALL 2011 ECO 101 2nd MID-TERM GIVEN ON DEC 1

ANSWERs TO FALL 2011 ECO 101 2nd MID-TERM GIVEN ON DEC 1

 

Practice Second Mid-term for Eco. 101

  Answers: Eco 101 2nd practice mid term w-some answers

Another Exam with All Answers  Eco 101 2nd mid term w-answers

Updated Vocabulary List for 101 , Chapters 5 - 10

Symbols of vocabulary for the second mid-term

Eco 102 Buy any 11th edition, used of Baumol and Blinder, Microeconomics 11th ed.

,as long as it is cheap .They are publishing a new edition in June.

It is identical with the 2010 update almost page for page except for the tables, and some illustrations

 

Leftovers from Last Semester Fall 2010

All the grades have been submitted. You should see them on CUNYFirst. If you have any questions and how your grade was calculated, please email me at michael.dohan@qc.cuny.edu

Some notes about seeing your Fall 2010 grades.

You can see the various components and weighting of your grades, if you send me an email.

The grades are based on the curved scores.  The average for the course was pretty good.  A B- was 80 plus or minus a few points.  Class participation, outstanding exams, trends, high scores on the extra credit added to your grade.  Aplia grades were 30% of your grade and in the best or worst case could bring you up or down a whole grade.

101 and 102 FINAL APLIA GRADES

Aplia Economics 101 Tentative Final Grades

Aplia Economics 102 Tentative Final Grades

INCOMPLETES

1. If you have an INC you may have missed a significant part of Aplia.  If you just missed the Aplia final your grade on Aplia will be lowered by 1 whole letter grade, which works out to a minus on your final grade.

2 If you received INC, it was either by request or because you did not complete important parts of the course (A mid-term, a final, Aplia quizzes or problems sets). Please email me your phone number so that we can discuss how to complete your course.  If you have an incomplete (INC), DO NOT REGISTER FOR THE SAME COURSE NEXT SEMESTER even if we have agreed that because of you circumstances, you may review parts of the course with me or another instructor because you were out for illness or family problems. I have to make that arrangements.

Most of the incompletes must be completed during Intersession by finishing up Aplia or taking a make-up exam.  Write to arrange for a make-up written and oral exam if you need another testing method. If not completed, you will received a grade based on, but lower th

The WSJ Quiz will be a written take-home after the Mid-term:  Open Paper.  I have papers in my office.  I will try to copy out the beginning of key articles related to the words.

Strategy for doing well in Aplia.

Remember, 30% of your grade depends on Aplia. Not doing Aplia brings your grade down to a C. To do well in Aplia,

1. Do the practice problems first. 2. Start the graded problems early. 

YOU CAN ALWAYS GO BACK AND CHANGE YOUR ANSWERS UNTIL THE CLOSING DATE/TIME.

 

Wall Street Journal should have started arriving on Monday. 

Save you papers throughout the semester for reference.

You are responsible for

a.  Knowing the meaning of the words in the headlines of three section:

1. Front page, 2. Marketplace, 3. Money and Investing.

b. Reading and remembering the contents of the two "yellow" columns down the left side of the front page.

You should have also received an Email. If you did not, email education@dowjones.com or call 1-800-975-8602. That email may have your account number that allows you to look at the Wall Street Journal Online.  Be sure you are able to read the journal online.

an your wor

The DATE for your Eco 101 & 102 FINALS -

Thursday, May 26 8:30-10:30 am in Kiely 170 with a break and continuing in the New Science Building C-203 from 11:00 am to 4:00 pm.

Both Eco 101 & Eco 102 Finals will be given together in the same rooms listed above.

For example you can take a make-up in the morning and the final in the afternoon. Or Eco 101 in the morning and Eco 102 in the Afternoon.

IMPORTANT

Please use the restrooms before exam.  LEAVE all e-gear, cellphone, computers, backpacks, purses, AND NOTES IN YOUR CAR OR YOU MUST PLACE THEM IN THE FRONT OF THE ROOM BEHIND THE PROCTORS. Cheaters fail the course.  No talking or looking at other students papers or exchanging answers in any way.

Two different finals will be used.

k, during the term.

If this

A really hard extra credit homework with the answers with income taxes, induced investment, induce imports, automatic stabilizing transfer payments. Do not hand in, but if you can do some variant of it on the mid-term or final, it's worth 2 tenths of a grade

 

#13 Algebraic Model of the Economic and Income Taxes Policy

# 12 Simple Algebraic Model of Economy and Fiscal Policy For Full Employment

VIP 11b Equilibrium with multiplier and fiscal policy but without equations

Algebraic Model of the Economic and Fiscal Policy

Equilibrium with multiplier but without equations

Linear Consumption and Savings Functions and Changes in GDP

GDP Accounting and Calculating Disposable Income  14

 #8 Eco 101 VIP Consumption and Savings, MPC and MPS as Disposable Income Rises (or Falls)

Even if your homework is late, hand it in.  It is better than a zero.

# 12 Simple Algebraic Model of Economy and Fiscal Policy For Full Employment

VIP 11b Equilibrium with multiplier and fiscal policy but without equations

#11a Equilibrium with multiplier but without equations

is a prerequisite for another course that you want to register for, please discuss that with me, so we can be sure that you can register for it.

Sincerely, Prof. Dohan

 Eco 101 Aplia Student Registration and Payment Instructions below.

 

 

Do this homework on monetary policy on Sunday.

Q

Simple GDP Practice problem .

Another Simple GDP Practice problem

 

Be sure to review the link below for practice vocabulary and concepts.

Eco 101 2008 Voc- Concepts Fall 08

If you did not do this in class please do it and hand it in.

Mid-Term Questions and Control Test.  Still not too late.

Control Test from Aplia (about 20 minutes)

Better supply and demand problem and production possibility frontier problem.

If you want a better grade, do this and print out four pages of answers to hand in in class

Required Homework Late homeworks are still accepted.

Hmwk 1 Production possibility fronter (PPF_S8) .

Hmwk 2 Supply and Demand Problems Due Tuesday 23

Hmwk 3 Required supply and demand problem with tax

Hmwk 4 Understanding the consumption function

(note the decline in MPC at higher incomes)

Hmwk 5  Plotting an equation for the consumption function and S-I

Hmwk 6 Algebraic model with policy variable and multiplier

Did Thursday in class.

Hmwk 7 Tue Nov 18           GDP Full Employment with G, Tx and Tr, X and M w/o algebra

Working with lump sum changes in G, Tx, Tr and other Policy Variable.

Hmwk 8 Tues Nov24     Another Simple GDP Practice problem for Dec 2 quiz.

  Learn how to calculate the changes in Ya* with income taxes (Tx = TX + txYa)

Due on Tuesday December 16, 2008

Questions about Money Supply, Reserves & Policy Usually on the final

VIP GRAND SYNTHESIS OF MONETARY OF FISCAL POLICY TO MANAGE THE ECONOMY and GROWTH

Extra Credit Practice Problems

Managing Pollution with a Pollution Taxes

Prices of a Product and Demand For Labor

Profit Maximization as a Motive for Factor Allocation

These may be duplicates or different versions of the above

The interdependence of wheats markets on other macro and micro factors

Homework3_SD-excise tax

Extra Credit Externalities and Using the Market To Control Pollution

Harder Extra Credit Using taxes and markets to manage air pollution.

USEFUL VOCABULARY

Sample Vocabulary Form of Questions

1 part of supply and demand vocabulary

Vocabulary list for market failure

More vocabulary from lecture on S & D

Some questions and hints to think about.

PRACTICE Problem Sets

Practice Math Assessment Problem Set:

Production Possibility Frontier:

Supply and Demand Problem

OLD VOCABULARY  AND CONCEPTS LISTS

Important Lecture Vocabulary and Concepts 

Macro 101Terms vocabulary 1 to 4

Vocabulary and concepts list 102 Fall 2006

Vocabulary and concepts list 101 Fall 2006

 Eco 101 Aplia Student Registration and Payment Instructions below.

Go to www.Aplia.com and follow the instructions.  Use The Course Key below,

101practice final 2009

Should open all browsers now.  It is a Microsoft 2000-2003 document.

If you are using 2007, please save in 2003 Format and check that your answers still display.

 

Practice Copy of Second Midterm - some will be on 2009fin.

Remember the Aplia Final Problem Sets.

Practice True-False and Vocabulary Problems Springs 2009

Preliminary answers

Copy of really old 101 1 mid-term with answers.

Copy of really old 101 1 mid-term with answers.

.

The

ulary and concepts will be tested in Aplia

Last part of Simple GDP Equilibrium Lecture

Last part of Algebraic Model of GDP Equilibrium

.

Study the Homeworks and your notes to pass the Final.

1. Total and Marginal Product and Maximizing Your Net Output

2. Production Possibility Frontiers and Opportunity Costs

3. New Basic Supply and Demand Problem I

4. Graphing Demand and Supply Equations

5. Shifts in Demand and Supply Curves

The interdependence of wheats markets on other macro and micro factors

Preliminary answers to the above homeworks.

1. Total and Marginal Productivity Curves of Labor Hw 1 Answers

2.Hmwk2PPF answers

3. Supply and Demand curves I answers

5. Supply Demand III answers

New Homeworks for Macro Chapters 5-11

7. Problems on GDP Calculations Problem with answers.

The Problem Set for this will be uploaded during early Spring BreakApril 7

Calculate GDP by the expenditure approach and the earnings approach

8. Understanding the consumption function Thurs April 7

                  (note the decline in MPC at higher incomes)

9. Plotting an equation for the consumption function, saving function and the paradox of thrift.

Homework answer

Answer to Saving-investment Policy and other problems from old 2nd exam

                 Note the intercept with the 45° line (Output line) is where C = Ya*

After Spring Break

10. The Multiplier and GDP Equilibrium Problem Tues. April 21 

                 

11. Algebraic model with policy variable and multiplier April 28

Homework answer

Exam answer for algebraic model with policy variable and multiplier

     GDP Full Employment with G, Tx and Tr, X and M w/o algebra April 30

Working with lump sum changes in G, Tx, Tr and other Policy Variable.

   Another Simple GDP Practice problem for quiz.

Monetary Policy,

Questions about Money Supply, Reserves & Policy Usually on the final

SYNTHESIS OF MONETARY and FISCAL POLICY

VIP PROBLEM THAT REQUIRES THE USE OF MONETARY and FISCAL POLICY

TO MANAGE THE ECONOMY and GROWTH

Knowing how to answer this problem completely is a requirement for an A grade.

  1st part to answer to problem similar to the above problem

2nd page to answer to above problem, similar to the above problme

 

 

 

 

 

 

 
 

 

Eco 102 Syllabus: MicroEconomics 102.

Fall 2008:  Aug 28, 08

 Eco 102 Aplia Student Registration Below

More Information on Aplia Log on Instructions

 

 

 

 

and

102 vocab and concepts B and Blinder 7 thru 11

 

Better supply and demand problem and production possibility frontier problem.

If you want a better grade, do this and print out four pages of answers to hand in in class

 

 

These Problems are Required

Do these problems later.

 

These Problems Are Extra Credit.

These may be duplicates or different versions of the above

Homework3_SD-excise tax

Extra Credit Externalities and Using the Market To Control Pollution

Harder Extra Credit Using taxes and markets to manage air pollution.

 

 

Know these vocabulary words for 1st Mid Term 2008.

Important vocabulary and concept list to understand econmics.

Vocabulary List for first two weeks

Vocabulary list for market failure

S& D Vocabulary

1st part of supply and demand vocabulary

More vocabulary from lecture on S & D

 

 

 

 

 

Eco 101 Sample Practice Final Spring 2011

Answers will not be posted for this exam.

Eco 101 Sample Practice Final Fall 2010

Here are the answwer for this exam.

 

ACTUAL FALL 2011 ECO 101 2nd MID-TERM GIVEN ON DEC 1

ANSWERs TO FALL 2011 ECO 101 2nd MID-TERM GIVEN ON DEC 1

 

Practice Second Mid-term for Eco. 101

  Answers: Eco 101 2nd practice mid term w-some answers

Another Exam with All Answers  Eco 101 2nd mid term w-answers

Updated Vocabulary List for 101 , Chapters 5 - 10

Symbols of vocabulary for the second mid-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attention Students with INC from Previous Semesters!

To Students Whom I had requested to take an extension on finishing INCs from previous semesters including: Neda, Freyda, Dewa, Aliv, Kevin, Jonathan, Lisbet, Fanny, Paul, Kareem, DanDan and friend, and others, I appologize for not submitting the change of grade and your INC may have now turned into an FIN.  I am working to changing this oversight.  For other students who have received INCs and whom I have not been able to work with consistently over the semester because of either your and my other commitments, my intention was to file extensions for completing an INC so that you can finish them early this coming semester.

Attention Students who unexpectedly received INC this semester!

I have had many inquiries about why students received INC's when they did not request one.  In some cases an INC was given to a student who did not take the final instead of an ABS (absent for final).  In other cases students received an INC for the student's own benefit because there was an incongruity between the student's written final and the student's other work in the course.  The 101 and 102 finals were taken from the online homework problems I gave, many of which were gone over in class or on related material that was gone over in detail in class and in the text. I announced the content of the finals in class, some student's listen carefully and studied the material.  I have a significant number of very strong finals in the A to A+ range. Unfortunately, some students thought that their strong performance in APLIA would offset a poor final grade, even though I mentioned many times that if you fail the final, you will get a much lower grade and if you fail it badly, that you will get an "F", even though you passed the midterm and did reasonably well on APLIA.  This is because the final is cumulative.  The basis for this is that in most cases, there is a high correlation between doing well on Aplia, handing in homeworks, and in doing well on online and in class mid-term quizes.  Since some of you seemed to rely on your APLIA score to carry you through to a passing or high grade and did not study appropriately for the final, I would like to offer you an opportunity to meet with you and where appropriate give you the opportunity to take a "make-up" exam to demonstrate that you "mastered" the material.  I believe that many of you are or potentially can do much better than the grade I would be forced to give you based on your current exam grade.

Unfortunately, some students got "F" because there was little or no show of effort on their part to do the work or learn the material. 

How to change your INC to a grade:

1. Email me and I will tell you the grade you will receive based on the current final and you have the choice of accepting that grade.

2. If you decide that you want the opportunity to study and take a "make-up" final, then I will offer you opportunity to redo all the homeworks, review your class notes and meet with my Assitant Charles Yu on a scheduled basis, who will review 9 problems. Then a proctored final will be scheduled during the two week of  the semester, I will set up several 2 hour time slots when you can take a similar final again.  This is only being offered to students who otherwise did well and showed effort in the course and where the only short fall was doing poorly on the final.  This is only available for students who received "INC."  This represents a great deal of extra work and resources on my part.

I apologize for the grades being submitted at the last minute. The course is now completed. In assigning you a final grade I took into account total aplia scores, aplia quizzes, your homeworks and your final test scores as well as participation in class. I hope those of you who requested an incomplete, received it. Some also received an INC because it was my judgement that it was appropriate for you at the current time.

For 101 I had 40% A's and B's. For 102 I had 30% A's and B's which includes a good number of A+'s. I had a good number of INC's, either by the request of the student or because I wanted to personally discuss your performance in the course. If you missed the final but were otherwise active in the course you recieved an automatic INC as per college policy. I am correcting one or two grading omissions tomorrow and submitting some extensions for the Fall of 2007 and Spring 2008.

 In both courses generally the letter grades were quite well correlated with your work on aplia, but not completely. Some of you rushed Aplia at the end of the semester. You should be getting an e-mail from me in the next few days with your exam grade and final grade.

 

Did you miss the Final.  Please send me an email.  An explanation would be useful.

 

1. Free tutoring for Eco 101 and Eco 102 ,n Kiely 131

   

General Economics Tutoring Thurs 12-4, Fri 11-4, Sat. 10 - 2

Call Ms Podrid in the Academic Support Lab, Kiely 131, 997- 5677

2. Not all the items you see on this website will be used
this semester.  I will be removing problems sets and exams that are not current models.

2.  Making up Fall 07 and Sring 08 incompletes: I have shifted most of the Aplia 10 and 101 questions to the end of December 2008 . But don't wait.

      3. Room Change: Economics 102, 3:05 to 4:20 will me in
          Kiely 264 instead of Kiely 270

4. Homework problems for Eco 101 and 102 are under their respective classes.

 

 

MiJing Kim in our Economics 101 and 102 classes won a CUNY-wide Foreign Student Writing Competition and your professor was cited as her mentor. She started the semester barely speaking English.   On a bold bet, I recommended she take both me Eco 101 and 102 courses and she both improved her English greatly and did very well in both courses.  Congratulations Ms. Ki

This is for Spring 2008 classes.

Fall 2008 students do not use.

More of the Homeworks and Exams will be on Aplia.

Revised 101 Final Spring 2008   102 Final Revised Spring 2008

If you did the graph wrong, send in the correct ones by E-mail using Word Drawing.

Final Aplia Short Questions Were Posted Sunday 3:00.  

Once you start you have 3 hours to finish them. Go to Aplia select your course and they will be the last assignmentThey should take about two hour uninterrupted time.   They are due May 29, Thursday night.

Required for A+

For thoses students who were not able to take the exam, please send an email to me to arrange for a proctored make-up.

101 Aplia has been reopened or extended for those students who did not do a problem set or who received a low grade and could do better.  500 is necessary for an A, 400 for a B etc. along with a good final..

101 students can start working on the first 25 problems sets, the rest will be opened tomorrow morning.

Remember that APLIA  counts as 20% of your grade.  If you are an A student based on class work and have not done APLIA, your grade could drop to a B.  If your class work is a B and you do well in APLIA, your grade could be higher.

 

Here are my records for homeworks.  There are still large file folders filled with homeworks that need to be organized and recorded. Do NOT worry if you do not see all the homeworks you have handed in.

Homeworks May- 18-101        Homeworks May- 18-102

 

We are currently extending some of the Aplia problems for both classes.  Pbring a ruler and calculator to the exam. 

The missing 101 exams have been found and are being graded.  Combined grade sheets will be posted in the next day or two.  If you think you handed in a paper or exam and it might not have a name on it, please email Prof. Dohan.  There are a few of these "No Name" papers. 

Aplia work has been entered on to the grade sheets linked below this noticed.  I have shifted some Aplia work that was due last Sunday to next Sunday.  If you need special permissions for Aplia assignments that you missed for valid reasons, please email me with APLIA in the subject line.

Economics 101    101 Mid Term and Aplia

For Incompletes for my Eco 101 from Spring 2007, Fall 2007 and Spring 2008.

You may begin working on various components of it on Tuesday, June 17, 2008 using Aplia.  I shall try to move your name into it by tomorrow. Little later this week I will outline what has to be done to complete your work.

Aplia Code:  BUBJ-PHK7-5VHA  

Your name will be put on the Makeup Aplia by Tuesday.  Be sure to write me an E-mail if you want to improve you Aplia Score. Aplia is open-book, open-notes but no outside help. Any evidence of outside help will fail you for the course.

Before you email me with questions on Aplia, please read the instructions below.

THE TWO APLIA MIDTERM SETS OF QUESTIONS are now visible.

Click here to look at all the stuff for my Fall 2007 Eco 101 and 102

Why I like to teach Economics 101 and 102.

I also thank the many Eco 101 and 102 students this semester who came up after the class and said they were really learned a lot more from my exams then simply spitting back material they had memorized.

I know that some of you expect exams to follow a specific format as if you were being trained to take a test.  But my course is not rote learning of knowlege and formulas and regurgitating it back on an exam.  My job is to embody these concepts in your mind and to teach you how to solve problems that you have never seen before using this knowlege and develop your reasoning ability to combine concepts and reason  to solve problems in the real world.  Look what narrowly technical trained financial engineers did to the credit markets..

Exam question use these principles but are not asked in the same format as you learned them. Some of you will be surprised to be asked to solve problems never discussed in class or the text, but which require the same principles, facts, and concepts taught in class.  Often they are based on current or historic events. I give them to you as an test how well you are learning to solve problems by using your knowledge and problem solving ability to new types of problems you encounter later in your profession.  I also focus vocabulary aquisition and knowing basic facts.  Thinking, acquisition of knowledge, problem-solving - this is what my goals are for you.  A few were so upset to you could not pick the flower that were being given to you..  Most were pleased that they could learn while taking an exam. In the end, only the final really counts .  You are learning for the rest of college and for your life.  My past students all say I am hard, but they do well.  I wish that on you all too.

 

Hand in all these old homeworks even if they are late

Past Due Homework

The first 3 parts A, B, C of this problem set on Complete Supply and Demand

must be handed in as regular homework.  Please hand in by Tuesday October 30

The Rest are Extra Credit for the Better Students

Math Assessment Problem Set

Production Possibility Frontier

Problems 1 & 2 on Pages 53 of Text Chapter III

Question 4 and 7 and  8 in Chapter 4

Supply and Demand for Coffee

.

Examples of 101 Homeworks from Spring 2008

1. Optional   Practice Math Assessment Problem Set

2. Required Production Possibility Frontier

3. Required Supply and Demand

4. Problems 1-5 on Page 121-122 Show your work

5.Required Assignment for Text on Price indexes, pages 162-163

6. EXTRA CREDIT PROBLEM on Externalities and Pollution Right

7. Required Understanding the consumption function

(note the decline in MPC at higher incomes)

8. Required Plotting an equation for the consumption function.

-. Problems on GDP Calculations Problem

Calculate GDP by the expenditure approach and the earnings approach

9.Required Fiscal Policy and GDP Equilibrium Problem  

                                            (Verbal Problem based on Theory and Lecture)

10. Required   Standard algebraic model with fiscal policy

    Learn how to calculate the changes in G, Taxes, and Trs for Ya*

  Learn how to calculate the changes in Ya* with income taxes

Usually on the Final in some form

     14 Required The GRAND SYNTHESIS OF MONETARY OF FISCAL POLICY TO MANAGE THE ECONOMY and GROWTH

 

Exams, answers and problems and vocabulary from last fall

Old Copies of Exams for 101

101 SAMPLE FINAL-Part on Monetary Policy

101 SAMPLE FINAL-Rest of final

First Mid-term Spring 2007

Practice and Makeup II Mid-Term Part 1  Eco 101

Practice and Makeup II Mid-Term Part 2 Eco 101

New Problem Sets for 101 For final part of the course.

Questions about MoneyBankPolicy for theFinal Due Thursday, Dec. 6

Surprise quiz on money Due Thursday, Dec. 6

More on Fed Reserve Banking Due Thursday, Dec. 6

Money expansion Spring 2003   Due Thursday, Dec. 6

Grand Synthesis of Monetary-Fiscal Policy FOR 101 FINAL

Answers to the above Grand Synthesis PROB FOR 101 FINAL F06 Answer Grade Problem

2nd Mid Term Material

Previous Problem Sets you should be able to do for the Final_________

Simple GDP Practice problem for the exam.

Changes in lump sum taxes and tax rates on equilibrium GDP and mult iplier

Full employment and simple fiscal policy.

Equlibrium GDP in an open economy, where Ya= Yd

and how changes in exogenous variable affect equilibrium.

Corrected Version: Calculating GDP, Disposable Income and Saving = Investment

Plotting Disposable Income, Consumption and Saving = Investment

The answers for two Eco 101 problems have been posted.   Please check the links below.    You can expect the same type of questions for your exam. 

Answers to Problem 8 Finding Equilibrium Level of GDP with Equations and the Paradox of Thrift

Answers to "Simple GDP Problem"

 The Second Mid-term focused on chapters 8 and 9 and 10 and 11 including the appendices which calculate Disposable Income, Consumption functions, Equilibrium level of GDP and the Multiplier and the algebraic explanatioins of the multiplier with and income tax and with imports.

.  Look at the vocabulary at the back of each chapter. 

I congratulate my Eco 101 class for their endurance in taking my exams.  Many of you discovered that I am interested in how much you have learned rather than just testing you . We stayed as long as students wanted to stay.   If you had to leave for a class and want more time to finish it, come in on Tuesday at about 9:00 if you want tocontinue take the exam.  I want to see how much you know and can apply your knowlege in different circumstances.

First Mid Term Material

Solutions and explanation of the supply and demand part of the exam.

Graphing Practice for supply and demand with tax

Make-up Problems for students who did poorly on last section of mid-term

Study it and understand the logic.  Also try to do all of the supply and demand homeworks (Price Ceiling, Price Support, Imports and Quantity Restrictions (OPEC).  You won't regret the time.

A new problem set of practice problems for for the mid-term

Some Extra credit problems for A+ students

Extra credit An applied problem showing how marginal benefit (MRP) and MC + profit maximization leads to good resources allocation. Hard.

Extra Credit Externalities and Using the Market To Control Pollution

Harder Extra Credit Using taxes and markets to manage air pollution.

 

Spring 2008 Material

Economics 102 Grades spring 2008

The final had at least twice the weight of the mid-terms. Don't worry if you don't see your grade for the 1st mid term.  It was counted correctly. The second worksheet shows you the impact of doing Aplia and the homework.

If I had a choice of a plus or a minus, it was usually the higher one, except if you did not do Aplia, lost about 10-15% of your grade or you did not get the benefit of the doubt. Email me if you have any questions.

There were lots of A's and A+s and 10 too many F's. 

Some of you received an incompletes while I resolve some issues and look at late-submitted work. You can improve your grade if you complete the Summer Aplia.  Some of you did not even sign up and you lost about 10 to 20% of your grade compared to a 300-400 score.  Other blew off the online quizzes published on Aplia. If you want to do Aplia,  I can make it available at no charge to you so that you can improve this part of your work.  Also we need to arrange a time for some missed finals and even second mid-terms.  E mail me with some good Wednesdays afternoons. 

 

Problem 3 Monopoly F08

Try it for tomorrow. Due Tuesday May 6th

Monopoly and competition-07

Try it for tomorrow. Due Tuesday May 13

Derived demand for labor

Due Tuesday May 13

A Graphical Analysis of Monopoly to Study  (Eco 205 Question Answer)

Just to learn from.

Sample Eco 102 Inclass Final parts 2006

Sample 102 2nd EXAM Practice 2006 rev 2007

Some answers for the eco 102 Practice Exam.

Homework Problems

Price Elasticity Problem

Supply curves of the firm in Perfect Competition - spring 008

Supply curves of the firm and industry in Perfect Competition-Spring 08

Problem 3 Monopoly F08

Monopoly and competition-07

 

Know these vocabulary words for 2nd Mid Term 2008.

Eco 102 New Vocabulary and Concepts for Chapters 5 and 6

102 vocab and concepts Baumol and Blinder 5 thru 11

 

Economics 102 - Here is a page by page record of how you did on your mid-terms and your Aplia Scores 102 Mid-Term and Aplia Grades

 

It will cover all materials presented in the lecture, Aplia and the text.

A copy of Fall 2006's 1st Midterm is on the website, now. 

Problem Sets for 1st Mid Term

Math Assessment Set 

Production Possibility Frontiers and Opportunity Costs   Due Feb 21..

I Need Coffee Supply and Demand Problem    Due Feb 26

Simple Supply and Demand

MC=MB Problem Actually MRP = MC  Due after exam.

External costs (Litter) solved by taxes and the market  Due Mar. 4

  (SMB= SMC)  Shifting of taxes

 

Send everything to my Queens e-mail address: michael.dohan@qc,cuny.edu

For Spring 2007 students

  

Hopefully I shall get to some of your requests this weekend.  Keep sending emails to my Queens address.  michael.dohan (#at#) qc.cuny.edu.  The #at#  is to foil spammers who spider this site.

My apologies, Prof. Dohan 

For Section A, I am going over the grades just to be sure I graded them fairly.  Both classes were pretty good.

 

Your final grade was affected not only by test scores, especially the final, the trend in your grades, strongly by Aplia and homeworks submitted and a bit by the quizzes.  A poor final could bring your grade down.  In many cases, however, a low mid-term was dropped in favor of a good final.

Usually there is a high correlation between Aplia, homeworks and exam grades.  They reinforce each other.

If you got an incomplete, either because you asked for it, I was missing a crucial piece of information, or I was aware of personal situations that undermined you ability to study, we must work out agreements when the work-learning shall be completed.  Students making up Incompletes from last semester or from other Professors shall have Changes of Grade submitted this week. 

If you feel your grade is too high, feel free to discuss it with me.  If your friend's grade seems high relative to yours, I shall be glad to review your friend's work.  Maybe, I mistyped in the grades, or missed a wrong answer. 

Hand in all these old homeworks even if they are late

Past Due Homework

The first 3 parts A, B, C of this problem set on Complete Supply and Demand

must be handed in as regular homework.  Please hand in by Tuesday October 30

The Rest are Extra Credit for the Better Students

Math Assessment Problem Set

Production Possibility Frontier

Problems 1 & 2 on Pages 53 of Text Chapter III

Question 4 and 7 and  8 in Chapter 4

Supply and Demand for Coffee

Old 101 Homeworks,

1. Optional   Practice Math Assessment Problem Set

2. Required Production Possibility Frontier

3. Required Supply and Demand

4. Problems 1-5 on Page 121-122 Show your work

5.Required Assignment for Text on Price indexes, pages 162-163

6. EXTRA CREDIT PROBLEM on Externalities and Pollution Right

7. Required Understanding the consumption function

(note the decline in MPC at higher incomes)

8. Required Plotting an equation for the consumption function.

-. Problems on GDP Calculations Problem

Calculate GDP by the expenditure approach and the earnings approach

9.Required Fiscal Policy and GDP Equilibrium Problem  

                                            (Verbal Problem based on Theory and Lecture)

10. Required   Standard algebraic model with fiscal policy

    Learn how to calculate the changes in G, Taxes, and Trs for Ya*

  Learn how to calculate the changes in Ya* with income taxes

13. Required Questions about Money Supply, Reserves & Policy

Usually on the Final in some form

 

14 Required The GRAND SYNTHESIS OF MONETARY OF FISCAL POLICY TO MANAGE THE ECONOMY and GROWTH

OLD BUT USEFUL

Sample Vocabulary Form of Questions for first mid-term

Vocabulary from the Wall Street Journal

1 part of supply and demand vocabulary

More vocabulary from lecture on S & D

Some questions and hints to think about.

Problem Sets

Practice Math Assessment Problem Set:

Production Possibility Frontier:

Supply and Demand Problem

OLD VOCABULARY  AND CONCEPTS LISTS

Important Lecture Vocabulary and Concepts  partly updated March 1, 2007

Macro 101Terms vocabulary 1 to 4

Vocabulary and concepts list 102 Fall 2006

Vocabulary and concepts list 101 Fall 2006

Economics 220 from Fall 2006

Get the PDV tables from most corporate finance books.  I might have some extra copies I shall bring in next week and leave thame with the secretaries. or taped to my door.

Terms and concepts 220 TVM Quiz

FinalPDV-hints and ideas Fall2006

PDV problems-Sp06

ihtml220-manual

Basic Math Skills for Economics 1

 
   

 

Also it will help you to do homeworks and other assignments if you learn how to use Microsoft Worddraw.  Click on a blank space in the tool bar and select DRAWING and then practice a bit on a new document.  Mostly, you will need to know how to draw straight lines tangent to a curve or to a point on a curve or a new Yd line and then maybe some lines with arrowhead and a text box for labels. To get rid of the margin space, right click and then click on FORMAT TEXT BOX and go to cell and click margins to zero. Then go to the DRAWING BAR and click on the paint bucket and select none (for the background) and on the Paintbrush to select None for the color of the outline. You must still be on the textbox and it will take some practice.  But it will be a powerful tool in your career when you want to illustrate memos, reports and letters with a graph. The due dates for any mid-term related work will be next Thursday.We are trying to answer emails as they come in.  Making appointments for transfer credit evalation is more difficult because anything evaluation of more than 20 credits can take an hours unless you have all the documentation in your original language. michael.dohan@qc.cuny.eduNew Make-Up Pages for 1st Mid-Term Posted Over the Spring Break or soonerand Due the Tuesday you Come Back1st Midterm Page 1 Vocabulary1st Midterm Page 2 Multiple Choice Slopes1st Midterm Page 3 Ticket Scalping and Slope1st Midterm Page 4 Production Possiblity Curve Revised More Points1st Midterm Page 5 Supply and Demand  New as of 4:30 the 24) 1st Midterm Page 6 Interdependence of MarketsThe True-False is on Aplia and close.Also the extra credit problem.I made corrections, added some hints or highlighted in red those parts of a question that was not correctly read or overlooked in reading the question . I am posting each page separately with a descriptive title right below this post.  If you could not finish the exam or if you see a page which you did not understand, then you can finish those pages or redo it again. DO NOT SEND ME PAGES when you think you already did the best you could.   Don't forget to do the True-False on Aplia.

How to complete your mid-term: You should click on the page and it should open as a Word Document.  Use Microsoft Word to enter letter or numbers and use (and learn if necessary) the Draw Feature (click on the Draw Toobar in Options) to draw graphs.  Save the file to YOUR HARDDRIVE and then send it as an ATTACHMENT to michael.dohan@qc.cuny.edu. by Thursday 10:00 AM before I go over the exam in class.  The extra credit will be due Sunday.

If you did not finish the exam, pick out the pages you think you did not finish and do them and send them by email.  You can use WordDraw tool for any graph.1:00 PM Post I hope you now understand that midterms in my course should be a learning experience and that you really have to do the homeworks.I am going to make some corrects to the exam, adds some hints, and then post each page separately.  Also I will rewrite the extra credit part of the supply and demand problem with the subsidy part.  Lastly I am learning how to upload the true false on to aplia. Hopefully by tonight.  They will by due by Monday 6 AM.If you did not finish the exam, pick out the pages you think you did not finish and do them and send them by email.  You can use WordDraw tool for any graph.First Mid-Term Thursday March 13It will cover all materials presented in the lecture, Aplia and the text.A copy of Fall 2006's 1st Midterm is on the website, now.  I shall try to get last fall's up later today with answers.Here are the ANSWERS to an older midterm  Last semester there was a high correlation between the homeworks handed in, the use of Aplia and the final grades.Sorry about the Aplia Timing on 101 and 102.We use a good learning program called APLIA, specifically customized to Baumol and Blinder's editioins. I shifted the graded problem sets due today until tomorrow night, Thursday Feb. 21 and the graded problems for supply and demand until next Thursday.  You can always start them earlierIt is 20% of your grade.Go to www.aplia.com   and follow the instruction at the end of the updated syllabus.You can access Aplia now before you even buy the book. Follow the instructions on the Syllabus for your course.  You should have all paid for your Aplia by now.  Late registered students must pay before they can start. You must pay for it either using the payment code on the card that came with your shrink-wrapped copy of the packaged book or if you bought a used book, pay for it by credit card.

APLIA GRADED PROBLEM SETS AND LABS: "Aplia" is an integral part of the course. The graded problem sets are at least 20% of your grade. Getting on to Aplia. Log ontowww.aplia.com, select New Student If you have never used Aplia, otherwise log-in with your previous email and then type in the following course key for your course.: . It will take you to the right course customized for Baumol and Blinder (either Eco 101 Macroeconomics EPA3-NQ7A-A9AP   or   Eco 102 Microeconomics.   Students find it very useful. When you buy Baumol and Blinder Macroeconomics text package at the bookstore it also has the Aplia Payment KEY inside. Use this key to pay for your Aplia Subscription before 02.18.08 .

Do the Practice Problems for each set until you can do them without error. You can even consult the book right on the screen. Then do the graded problem sets, which count as part of your grade. Do them on your own. Note the Graded Problem Sets have deadlines. Before the deadline, however, you can work on it, change answers, etc. After that date, no changes. This helps you develop good study habits.

To my new students in Spring 2008.As you have probably heard, you are taking one of the more rigorous and demanding Introductory courses given at QC. It prepares you well for your other Economics, Business and Accouting courses. Please expect to study 6-8 hours per week, more if you are a foreign student.  Do not let outside activities (work especially) deprive you of the knowledge and skills (and A grades) you can learn in these courses.  Working more the 20 hours per week is not compatible with a 15 credit course load of good solid courses, and maybe 12 for foreign students.  Come to me if you need advice on classes and professors to take. New Syllabuses For Spring 2008Updated Eco 101 Syllabus: MacroEconomics 101. Spring 2008:  Feb. 13, 08Updated Eco 102 Syllabus: MicroEconomics 102

Spring 2008:  Feb. 13, 08