Saturday, February 28, 2015

AIS Resource Costs (Labor) Lesson 1

AIS (Labor) Lesson 1

mjmfoodie - Perfectly Competitive Factor & Output Market
ACDC - Videos

  • 5.2 Perfectly Competitive Labor Markets


  • 5.3 Comparing Product & Resource Markets


  • 5.4 Resource Market MRP = MRC



Reffonomics - Website




AIS Market Failure Lesson 1

AIS Market Failure  Lesson 1



Market Failure - Introduction

1) mjmfoodie - market failure episode 31


2) welker - Intro to Market Failure - Negative Externality




3) ACDC - Market Failure - Micro 6.2

4) ACDC - Externalities - Micro 6.3

5) mjmfoodie - Episode 32




6) Mike Munger - When is a potato chip not a potato chip?

7) Reffonomics - website


8) AP Central - Problem

9) AP Central  - Answer

Tuesday, February 10, 2015

MPC/MPS & Multiplier Cheat Sheet

MPC/MPS & Multiplier Cheat Sheet

OK, I banged this out rather quickly this morning as I had a request for a cheat sheet. Anyone noticing anything wonkey in my math please e-mail wcwaugh@aol.com.

Do not memorize these relationships,,, do enough work to understand the relationships between the variables.

Welker does an excellent job.

Pajholden does a very good job, also.



mjmfoodie touches nicely upon the connection between fiscal policy an the governments intervention in its attempts to kickstart the economy.