Department of Economics

Prof. Dohan's Website

mrd$econ (at) qc1.qc.edu

Queens College

www.profdatqcecon.org

Finally, I got on this web page again October 8, 9:00 AM

This website is for both Prof. Dohan's Eco 101 and Eco 102 students.

Prof. Dohan's Office Powdermaker 306f

Office Hours Tuesday Dec 3, 9:00 to 10:30, 12:30-1:30, 3:20-4:30

Students doing 2nd mid-term make-ups can come at 8:15 Tuesday

Thurs: Dec. 5  9:30-1030 & 12:30-1:20

Transfer credit evaluation: Tues: 9:00-10:20 AM

My correct email address is michael.dohan@qc.cuny.edu

I am looking for A+ Assistants to help me grade, tutor, office work, lead workshops, etc next semester.

E-mail me at michael.dohan@qc.cuny.edu.

Consider an internship in internet marketing in my wife's company. Citidexli.com.  Learn about the shifts in advertising and marketing, strategies to get eyeballs, Google-versus-Yahoo-versus-MSN versus vertical portals.  Do marketing method testing.  Analyse data. How do search engines work. Job location in Huntington.  Some work in Manhattan and possibly from home if you have a fast connections to the I-Net.  See how the Internet is globalizing. 

Email her at bdohan@citidexli.com

Announcements

Thursday, 9:30 pm Dec 6

Sample Examples posted.

List of 101 students who have not picked up their First Exam.

List of 102 students who have not picked up their First Exam

I will have the exams with me in class for the next three sessions, be sure to pick you exam up to study for the final.

Office Hours Week of December 3-10

Tuesday Dec 3, 9:00 to 10:30, 12:30-1:30, 3:20-4:30

Students doing 2nd mid-term make-ups can come at 8:15 Tuesday

Thurs: Dec. 5  9:30-1030 & 12:30-1:20.

This Thursday I have Academic Senate from 3:35 to 6:00

I can make appointments for Thursday Night for Transfer credit evaluation on by email.

Eco 102 Review  Wednesday Free Hour unless there is a seminar.

Reviews in the Afternoon of Reading Day, Thurday, December 13.

Posted New Problem Sets for 101 and 102 for final part of the courses. Check below.

Final Exam Dates: 

Please notify me if you have three exams for either day.

Eco 101, Thursday, Dec. 20 Kiely 258; 8:30 - 10:30 AM

Cumulative, Old Exams, Chapter 1-14, Class Notes, Aplia, Homeworks.

Eco 102, Wednesday, Dec. 19 PH 132 1:45-3:45 AM

Cumulative, Old Exams, Chapter 1-17, Class Notes, Aplia, Homeworks.

APLIA It is 20% of your grade.

There are important assignments on Aplia.  I notice that some of you have not signed up or have not been doing the assingmentsl   Please sign up immediately and start tie oribkem due tonight.  If you bought a used book you should sign up and paiy $60  at sign up.  The payment due was Sept sixteenth. 

I  have arranged for new problems for those you missed because of various reasons.

For those who missed many closing dates, there are two new editions of Aplia for those who have fallen behind. Make-up 101 and 102 Aplia Is Now Set Up to Redo Missed Assignments. The Aplia is available for chapters since the first mid-term

If you want to do an earlier assignment, email me today.

Revised Instructions To access the Make up Macro or Micro Aplia Course,

1. Sign onto the your existing account.. 

2. Go to My Account and then My Courses

3. Choose Enroll in New Course

4. Use the Course Key Provide below to enroll in the new course.

The cost should be $0.

101- Make Up Course Macro Course Key JMGU-XFCQ-F7EE

102- Make Up Course Micro Course Key 5BB3-TFQR-DKV5

Extra Credit - Show Yourself That You Have Learned It. TakeHome 2nd Mid-Terms Posted Below under Courses.

and maybe some vocabulary.

For 102 I shall do more vocabulary and put up some sample problems.

Print out and bring to class even if you do not do the homeworks

Tutoring and help.

The Economics Department offers tutoring on Mondays and Wednesdays in Free Hour in PH 310 for Eco 101 and 102,205, 206, 249 and Bus 241.   You should sign up online on the Eco Dept's website http://www.qc-econ-bba.org/tutoringedit.ihtml

Also there is tutoring in Academic 131.

Tutoring from Prof. Dohan

Syllabuses (Course outlines)

Eco 101 Syllabus: MacroEconomics 101.

Aplia Course Key: S87Q-WFB6-XU55

Updated syllabus for Eco 102: MicroEconomics 102

 Aplia Course Key: XBNF-L36G-ZMGR

Final Exam

Eco 101, Thursday, Dec. 20 Kiely 258; 8:30 - 10:30 AM

Cumulative, Old Exams, Chapter 1-14, Class Notes, Aplia, Homeworks.

Start studying now for the final, 8 hours per week.

Eco 101 Syllabus: MacroEconomics 101.

Aplia Course Key: S87Q-WFB6-XU55

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 multiplier

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 logical.  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 both classes for the mid-term. 

Know these vocabulary words.

Important vocabulary and concept list to understand econmics.

Vocabulary List for first two weeks

Sample Vocabulary Form of Questions for first mid-term

Vocabulary list for market failure

1 part of supply and demand vocabulary

More vocabulary from lecture on S & D

Some questions and hints to think about.

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

.

Some Extra creditproblems 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.

Updated syllabus for Eco 102: MicroEconomics 102

 Aplia Course Key: XBNF-L36G-ZMGR

Final Eco 102, Wednesday, Dec. 19 Powdermaker 132

1:45 - 3:45 AM

Cumulative, Old Exams, Chapter 1-17, Class Notes, Aplia, Homeworks.

Start studying now for the final, 8 hours per week.

Worried about your grade.  Do this and hand it in on Tuesday.  It will help on your final.

Old Copies of Exams for 102

102 Final Fall sample 2006b

Sample Eco 102 Final parts 2006

Sample 2nd exam 102 fall 2006

EXAM102_1_Oct 12-06 three p-rev

Practice and Makeup II Mid Term for Eco 102

A few new problem sets for 102

For final part of the courses. Posted Nov 30.

Monopoly and competition-07

Answer Monopoly, Regulated Monopoly

Coming still, problems on oligopoly and monopolistic competition.

102 Prices resource allocation, marginal revenue productand wages 11-10-07-b

In a populist revolution the winery is taken over by the workers as a commune

where all workers get an equal share of the total revenue. See if you understand how the market struck back.

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

Dealing with Market Failure Common Property (earlier assigned as extra credit hwks. You don't have to do them twice).  Chapter 17.

Externalities and Using the Market To Control Pollution

Using taxes and markets to manage air pollution.

For second mid-term Review and know for final.  I added some more vocabulary

From the firm supply curve to the industry supply curve and # of farmers

Price elasticity of demand. supply and maximizing revenue

New Vocabulary and Concepts for Chapters 5 and 6

 New 102 vocab and concepts Baumol and Blinder 5 thru 11

Please read carefully chapters 8 & 10 including the appendices. Pay particular attention to the relationship between total costs, fixed costs, variable costs and marginal costs.   Review the graphs carefully. 

Do the "Test Yourself " problems 1, 2, 3 and 5 and 6.at the end of the chapter 7, page 148.

  Look at the vocabulary at the back of each chapter.  Do the Aplia practice problems for these chapters.  Thursday we start on Chapter 10

Due Thursday, November 1

An applied problem based on Chapter 7 and the law of diminishing marginal returns.  If we know the price of the output, it tells us how much laber to hire. Read Chapter 19 pages 424 and 425. Shows how marginal benefit (MRP) and MC + profit maximization leads to good resources allocation.

Past Due Homework

The first 3 parts A, B, C of this problem set on Supply and Demand Applications must be handed in as regular homework.  Please hand in by Tuesday October 30

The Rest are Extra Credit for the Better Students

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

These vocabulary words and Hints are Treasures and will show up not only in my final but throughout your life and career.

The Market failure list is at the center of the issue of global warming

Important vocabulary and concept list to understand econmics.

Vocabulary List for fist two weeks.

Sample Vocabulary Form of Questions for first mid-term

1 part of supply and demand vocabulary

More vocabulary from lecture on S & D

Some questions and hints to think about.

Vocabulary list for market failure.

This Homework was like part of your II Mid-Term.

This homework must be handed inConcept of problem (first part of the quiz) on wages, prices and allocation of labor between two industries. even if you don't understand the concepts and get it wrong.  Remember, it is a "research problem" for my benefit, so I need 100 percent participation.  If you do well before tomorrow's lecture you will get extra credit points, not handing anything in is a "-" (minus) when calculating final grades. I am going to assign a similar homework after Tuesday's class (October 30), so see if my lecture make any difference in understanding "resource allocation and the role of prices and profit maximization."

  You may want to do the problem due this coming Thursday first and read Chapter 19 pages 424 and 425.

Renamed. Previously posted as "1st Part of in-class Midterm" to be redone as a "take-home" due last Thursday.  This homework must be handed in Tuesday October 23

It we be graded as part of your mid-term.  If you didn't hand it in, please hand it in on Thursday.

Hand in all these old homeworks even if they are late

Math Assessment Problem Set  Print out and do

Production Possibility Frontier Print out and do

Problems 1 & 2 on Pages 53 of Text Chapter III

Question 4 and 7 and  8 in Chapter 4

Supply and Demand for Coffee Print out and do

After Thoughts

I also thank the many Eco 102 students who came up after the class and said they were really learning a lot more for my first approach, than just putting the problem on the board the way I did at the end.  They were quite unhappy that a few students were permitted to disrupt class so much. I was surprised at the rudeness and lack of respect for both me and their fellow students who were trying to do the work.

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 your reasoning ability to combine concepts and reason to the right answer.  

I know that the form of the first part of the exam (based chapter 3, MC=MB, the optimal amount of labor to hire at a given wage, were all taught in lecture and vocabulary). The question used these principles but were not asked in the same format as you learned them. So some of you were surprised to you, I gave them to you as an experiment in how well you could solve problems as college students learning to apply you knowledge and problem solving ability to new types of problems you have.  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. Only the final really counts in the end.  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.

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

Extra Credit Externalities and Using the Market To Control Pollution

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

Old Postings

Practice equations that will prepare you for the actual mid-term.

Important vocabulary and concept list to understand econmics.

New Problem Sets for Economics 101 Below

I posted the formulas for the first part of the quiz to be handed in on Thursday and some

Practice equations that will prepare you for the actual mid-term.

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

Must be handed for grading in on October 23

Important vocabulary and concept list to understand econmics.

Personal News:  November 27, 2007.

I visited my Mother for the first time in 7 months and much to the surprise of the nurses, she spoke to me and Blanche and Tim my nephew.  She was very pleased with our visit and the nurses were delighted to see her response.  Yesterday I spent the entire day fixed a broken drain pipe that was flooding our cellar and today I have to finish the job.

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

My own health is even better than last year.  I am working on learning Spanish.   

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. 

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*

11.Required  Standard algebraic model with income taxes

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

12. Extra credit  Algebraic model with induced investment, income taxes and GDP-related imports. 

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