Economics

Prof. Dohan's Website

michael.dohan@qc.cuny.edu

   

www.profdatqcecon.org

Prof. Dohan's Website

Feb 7  Updated at 9:00 AM Monday

 

For Prof. Dohan Spring 2010 Schedule

I plan to be at Queens from 2:30 to 7:00 on Wednesday, Feb. 10 

At 2:30 we are holding our discussion group on Consumer Rationality and Forclosures. Was there a housing crisis in Asia?

I will be available for credit evaluation from 4:00 to 7:00. PM.

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

See below for more information.

 
  • 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.*  
  • Our discussion group on Mortgage Foreclosure and Rational Consumer Decisions will probably take place at WednesdayFeb 10.  But check back on Wednesday morning.   I shall post a list of questions and an outline of what I think happened.  There are some specific hypotheses to be tested, especially, Can the "ordinary person on the street" understand the terms of the mortgage documents they are signing.  Could a group of investors manipulate a small segment of "disconnected" markets. Another is "Do they have an intuitive feeling that they can not really afford the house the mortgage broker, sales broker and bank said they could?  Was the housing boom caused by falling interest rates or the demand for CDO's and lax regulation?
  • To the following students, I have not foregotten you:
    • Merri
    • Svetlana

Call my office 718-997-5461, or the Economics-Business Department 718-997-5440.

Or call me on my cell phone: 631 - 848-8976

*See below for translation requirements. We prefer to get them in both your language and and English translation.  If it clearly states "Microeconomics and/or Macroeconomics" and you have an equivalent grade of C- or higher, you will get a letter from me for the Economics Department Secretary. You must register through the Department Office in PH 300A.

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

During the Spring Semester I shall be usually be at Queens every second Wednesday or Thursday, plus some other days depending on the schedule of seminars and meetings. My usual office hours are from 4:00 to 7:00 to do foreign credit evaluation and advisement for Economics and Business.

You must make an appointment.  I can stay later or come earlier, if needed

Check here before making plans for a specific day for any changes.

I shall also doing research on behavioral economics and factors which led to effective or ineffective purchase of houses. 

Interested in surveys and search of the literature of behavior economics.

Talk to Me.

 

 

Table of Contents

(click on links below)

Current Announcements for All Students

Office Location and Hours, Email

Evaluation of Foreign Courses for Transfer Credit To QC

Evaluation of Courses for Transfer from US Colleges and Universities to QC

Form for Foreign Course Evaluation  (in Excel)

Economics 101 Spring 2009

Completing Incompletes Economics 101 Fall 2008 Click to go to current section of page

Completing Incompletes Economics 102 Fall 2008 Click to go to current section of page

 

 

2. Important Announcements

Please consult this site on Mondays and Tuesdays.

For Prof. Dohan Spring 2010 Schedule

I plan to be at Queens from 2:30 to 7:00 on Wednesday, Feb. 10 

At 2:30 we are holding our discussion group on Consumer Rationality and Forclosures. Was there a housing crisis in Asia? Read more questions below.

From 4:00 to 7:00, PM, I will be available for credit evaluation and advisement

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

See below for more information about 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.*  
  • Our discussion group on Mortgage Foreclosure and Rational Consumer Decisions will probably take place at WednesdayFeb 10.  But check back on Wednesday morning.   I shall post a list of questions and an outline of what I think happened.  There are some specific hypotheses to be tested, especially, Can the "ordinary person on the street" understand the terms of the mortgage documents they are signing.  Could a group of investors manipulate a small segment of "disconnected" markets. Another is "Do they have an intuitive feeling that they can not really afford the house the mortgage broker, sales broker and bank said they could?  Was the housing boom caused by falling interest rates or the demand for CDO's and lax regulation?

 

  • To the following students, I have not foregotten you:
    •   Merri Grade Change
    •   Svetlana Course approval.
       

Call my office 718-997-5461, or the Economics-Business Department 718-997-5440.

Or call me on my cell phone: 631 - 848-8976

 

*See below for translation requirements. We prefer to get them in both your language and and English translation.  If it clearly states "Microeconomics and/or Macroeconomics" and you have an equivalent grade of C- or higher, you will get a letter from me for the Economics Department Secretary. You must register through the Department Office in PH 300A.

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

During the Spring Semester I shall be usually be at Queens every second Wednesday or Thursday, plus some other days depending on the schedule of seminars and meetings. My usual office hours are from 4:00 to 7:00 to do foreign credit evaluation and advisement for Economics and Business.

You must make an appointment.  I can stay later or come earlier, if needed

Check Here before making plans for a specific dayfor any Changes.

I shall also doing research on behavioral economics and factors which led to effective or ineffective purchase of houses. 

Interested in surveys and search of the literature of behavior economics.

 

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 translation requirements. We prefer to get them in both your language and and English translation.  If it clearly states "Microeconomics and/or Macroeconomics" and you have an equivalent grade of C- or higher, you will get a letter from me for the Economics Department Secretary. You must register at the Department Office in PH 300A.

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

In general, please email me first for the available time slots and give me your schedule and then for the others.  At our first meeting bring a extra copy for me of your transcripts and course information in language in which you took the courses. Read the information on this website about foreign credit evaluation.

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 and course descriptions only in your native language. My colleagues, senior assistants and I can read most European (except Finnish, Estonian or Hungarian) or Slavic languages (using latin or cyrillic alphabets) and Chinese or Korean.

If, however, your transcripts are in Hungarian, Turkish, Finnish, Estonian, or Urdu, Farsi, Arabic, etc. , please bring extra copies along in official English translation of transcripts as and YOUR translation of the course descriptions.

My Spring Schedule at QC 2010

For the academic year 2009-2010 I am on sabbatical until the Fall of 1010. I will, however, be at Queens for Evaluation of Foreign Transfer Credits and Advisement and meeting with students from my spring course that still have incompletes.  I will post my schedule for a few weeks in advance on this website.  If you want to meet with me you have to make an appointment.

We have a bi-weekly discussion group on Behavioral Economics

We are focusing on the house buying and financing process and what is needed for a "rational" decision with if the buyer has well defined knowledge of their own preferences for housing, knowledge of the "true price" of houses that interest them. (indifference curves). They also "know" the probability distributions of the future values of certain variable (interest rates, local property and income taxes, neighborhood change, school quality and quality of life variables, income tax structure, housing prices, employment, pay, etc.). What variables and paradigms would be used by the buyer to maximize apriori the buyer's expected utility.

We assume away the "Principal-agent problem" and the existence of "assymmetric knowledge" of the other participant in the market.

We are going to start collecting data from home buyers (and losers) as soon as I get permission from the college. We need (unpaid) research interns for studying the ability of home buyers to make a "rational" decision when buying a home and getting a mortgage. Send me an email if you are interested.  Spanish speaking applicants are particularly welcome.

My Summer and Fall Schedule at QC

This academic year I am on sabbatical until the Fall of 1010. I will be at Queens for Evaluation of Foreign Transfer Credits and Advisement and meeting with students from my spring course that still have incompletes.  I will post my schedule for a few weeks in advance on this website.  If you want to meet with me you have to make an appointment.

Changes of Grades for Spring and Fall 2008.  On Tuesday, June 23, I submitted almost all additional changes of grades and the Chairman has approved all changes of grades submitted so far and they will be taken over to the Registrar's Office as a group.  It may take from 2-3 weeks for these changes to appear on your transcripts. 

For those whose asked for a P/NC, you have a final grade now.
If you have not received a final grade, please send me an email.

Completing a Eco 101 Spring2009 incomplete

There are still some Eco 101 INC's from Spring 2009 semester to be converted into a grade. Students with INC's because they did not take the final need to make arrangements to "Close Out" their incompletes by Wednesday Sept 15. I will put you on a makeup Aplia.

All of the assignments have been advanced (along with the work you did on them to.  Remember to do all the homeworks again.

Some of the incompletes resulted from the fact that 1. you missed the exam 2. your exam was incomplete, 3. we could not print out your final part, and 4. your exam grade was so low, it could not be inconsistent with your other work.

 

Hints

The resources for studying for the final include:

    Review of the practice final below so that you know what target you are aiming for.  Practice reading several of the old homeworks and exams to increase your reading vocabulary.
    Do all the homeworks again in Word and Word Draw (Go to Tools and select Draw) and send them to me.
    Do the Aplia 101 summer make up.
    You can review the whole course from in class CD's($30 from me).  These will often help with the homeworks and the final. Did you get a bad disk, let me know and we will replace it
    Study the concepts and vocabulary sheets .

 

Your final grade will be based on your Aplia scores on certain problem sets, an on-line "mid-term", a proctored written final and a on-Aplia vocabulary, concepts and selected Aplia problems sets on Aplia. You can schedule these for any Wednesday.

How did the classes do and what seems to be the strengths and weaknesses.
It was a real bimodal distribution with lots of Bs' to A+
and
lots of D's, F's, and WU.
Most of you should be pleased with your grade.

I noted four basic skills that you must master to do well in college and your career.

1. Learn to read the instructions carefully and note the special points.

    What is the question asking? 

These were complex problems, often with multiple parts and variables. 

        These were cascading problems where the following answers depended on the previous answers.

2. Learn how to do simple algebra. Regents, or Math 110 is a requirement.
3. Learn how to graph linear equations.

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.

4. Learn how to write legibly and logically. 

Some of you simply did not know the material or understand the question. 

What gave you the most problems. Did understanding the problem in English cause a lot of problems. Algebra? Graphing?
Let me know by email.  Much of the final grade could be predicted by the first two sections or the first part of the macro-analysis problem.
Those of you who mastered the grand synthesis and were careful to look for an inflationary or deflationary gap got A.
Those whose asked their classmate who took the exam the first day were led down a blind alley. 
How you did on Production Possiblility Curves and Supply and Demand were highly predictive of your exam grade.
Anybody who got bad disks should let me know.
Looking for work this summer and next year.  Let me know.
 
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5. Join the Economics and Business Club and Ascend
 

For Eco 101 Spring 2009 Students

Eco 101 Syllabus: MacroEconomics

Spring 2009

Updated Friday 4:00 pm, August 3, 2009

Every student in my Eco 101 should try the middle section of the exam again

Want to try the production possibility frontier and supply and demand or the Grand Synthesis of Monetary and Fiscal Policy again,

The entire Eco 101 Final again  in parts up above.

 

Approximate grades for Final

80-95 in the A+ range, 70-79 in the A- and A range

60-69 in the B range, 50-59 in the C range

40-49 in the D range, below 40 in the F range, less than 30, FF or an F for the course.

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 Spring 2009 Final is much shorter. 

The vocabulary 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

 

Understand concepts and know examples of the following vocabulary for first mid-term quiz.

Key concepts and definitions for the study of economics

plus some new words for foreign students.

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

Macro 101Terms vocabulary 1 to 4

Vocabulary and concepts list 102

Vocabulary and concepts list 101

More vocabulary from lecture

1 part of supply and demand vocabulary

Vocabulary list for market failure

 

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

The Spring 2009 is much shorter.  But do notice the vocabulary type questions.

 

 

Eco 101 Syllabus: MacroEconomics 101.

Fall 2008:  Aug 28, 08

 Eco 101 Aplia Student Registration and Payment Instructions below.

 

 

Do this homework on monetary policy on Sunday.

Questions about MoneyBankPolicy for theFinal

Surprise quiz on money

More on Fed Reserve Banking

Money expansion

USING MONETARY POLICY TO MANAGE THE ECONOMY

before doing this homework and looking at its answer.

Grand Synthesis of Monetary-Fiscal Policy FOR 101 F06 20 min

Answers to the above Grand Synthesis PROB FOR 101 FINAL F06

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,

Course Name: Macro Fall 2008 Baumol & Blinder 11e
Start Date: 08/28/2008
Instructor: Michael Dohan
Course Key: VW4P-3X63-URRE

More Information on Aplia Log on Instructions

 

 

 

 

     Required The

 

 
For Fall 2008 Eco 102 Students
 

 

Eco 102 Syllabus: MicroEconomics 102.

Fall 2008:  Aug 28, 08

 Eco 102 Aplia Student Registration Below

More Information on Aplia Log on Instructions

Extra Credit Pages from 102 Final Exam Dec 22. 2008

Please submit by December 24, 10:00 PM by email.

Do your answers in Microsoft Word and Draw.

AnswerProblem3MonopolyF08

 

102 Practice Quiz Fall 2008

and

102 vocab and concepts B and Blinder 7 thru 11

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

Mid-Term Questions and Control Test Due Thursday before class.

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

Aplia Nov-16 micro: adjusted quiz scores and problem sets

Aplia problem set scores through Nov. 21

without quiz or experiments and before they were extended for individual cases

 

Adjusted for Large Problems and Problems Not Assigned or Duplicated.

Monopoly Analysis Done for Eco 205 but good for understanding monopoly.

A Graphical Analysis of Monopoly to Study

102 vocab and concepts Baumol and Blinder 5 thru 11                             

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.

 

If you name is on the list below and you are still enrolled in my class, please see me ASAP.

The following students in Eco 102 who have attended class are listed as having dropped the course.  It may be because of payment delays.  If you have not dropped the course, then let me know. so that I can add you back into the roster.  The second group, I have no record of your attending class. If you have been, please let me no, so that I can notify the Registrar. If you want to drop the course, do so officially.

 

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 102 Aplia Student Registration and Payment Instructions

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

Course Name: MicroEco 102 Fall 2008 Dohan: Baumol & Blinder 11e
Start Date: 08/28/2008
Instructor: Michael Dohan
Course Key: D4EJ-TS9X-UCGM
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.  Prof. Dohan is grading make-up exams and will be posting answers as soon as the grading is finished.  There are two types of extensions 102.  One extension is for students who did not do the problem at all.  They will be show up as being du o the 28th.  A number of students did Aplia assignments but got less than 50% of the material correct.  Those students will be allowed to redo those assignments which will show up as being due on the 29th.  The class mean in 102 is 243,  600 = A which several students have, 400 = A-, 300 = B, 200 = C, 100 = D and below 100 = F.

The best strategy for both classes would be to first do those problems with the highest number of points allocated to them.  When you have caught up in your Aplia problems, let me know, so I can set your closing date back and you will be able to see how you did.

The final for each class will be in six parts, each 20 minutes long and will focus on the problems given in mid-terms and homeworks where either graphing and calculations are necessary. Please bring 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

 

 

This is for Spring 2007 classes.

Fall 2007 students do not use.

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.edu

New Make-Up Pages for 1st Mid-Term Posted Over the Spring Break or sooner

and Due the Tuesday you Come Back

1st Midterm Page 1 Vocabulary

1st Midterm Page 2 Multiple Choice Slopes

1st Midterm Page 3 Ticket Scalping and Slope

1st Midterm Page 4 Production Possiblity Curve Revised More Points

1st Midterm Page 5 Supply and Demand  New as of 4:30 the 24)

1st Midterm Page 6 Interdependence of Markets

The 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 13

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. 

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 earlier

It 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 2008

Updated Eco 101 Syllabus: MacroEconomics 101.

Spring 2008:  Feb. 13, 08

Updated Eco 102 Syllabus: MicroEconomics 102

Spring 2008:  Feb. 13, 08