CAUSAL ANALYSIS GUIDELINES: According to John J. Ruskiewicz and Jay T. Dolmage, “We all analyze and explain things daily. Someone asks, ‘Why?’ We reply, ‘Because . . .’ and then offer reasons and rationales” (138). This type of thinking is at the core of the causal analysis. You will write a causal analysis which explores, through carefully examined research and logical analysis, certain causes or factors which contribute to an issue or problematic situation, based on the topic you choose to write on. Your causal analysis should explore more than one type of cause, such as necessary causes, sufficient causes, precipitating causes, proximate causes, remote causes, reciprocal causes, contributing factors, and chains of causes, as outlined in our course text in the chapter devoted to Causal Analyses. Your project should also reflect significant critical thinking skills. In addition to the actual causal analysis essay, you will be also create an annotated bibliography. These process elements will help you organize and focus your ideas and research in a beneficial way. The following is an organizational structure that outlines the chronology and content of your Causal Analysis: I. Introduction: In one (or at the most two) paragraph(s) introduce your topic. Give a brief overview of your topic and thesis in a few sentences. your evaluative claim and your causal claim. It should be specific, logical, and clear. II. History/Background to Current Situation: This section should take as much space as needed—a few to several paragraphs. Discuss the significant and relevant history of your topic up to the current situation and how it came to be. Use research as needed to give precise and accurate background for context in making your later causal argument. Comment on your research as well, so that you don’t lose your voice. As you explore other points of view, your own point of view will evolve in significant ways. III. Evaluative Claim: Once you have given a brief history/background of the current situation, evaluate the situation, the topic, as it is at present. Again, use research as appropriate to support your judgments. While this section of your essay could run anywhere from one to three paragraphs, typically one paragraph is the norm, as you are basically passing judgment on the situation, arguing evaluatively. This is an argument of pathos and logos, predominantly. IV. Causal Argument: This is the longest portion of your essay, the “meat,” the heart of your work. Once you have detailed the history/background to current situation and evaluated the current situation, you are ready to present your causal analysis. Demonstrate a link between the current situation and the causes for its negative condition. Of course, you will use current significant and relevant research to support your causal claim, and you will want to find the most dominant and pervasive logical causes, utilizing research, for the current situation as possible. These will connect forward as well to your proposal. Remember to use specific supporting detail/examples, and to analyze all of your research causally, thoroughly, and with clarity. NOTE: SECTIONS THREE AND FOUR ABOVE ARE INTERCHANGEABLE. IN OTHER WORDS, IF YOU FEEL YOU CAN PRESENT A BETTER ARGUMENT BY SHOWING CAUSES FIRST AND THEN EVALUATING THE CURRENT SITUATION, THAT CAN WORK JUST AS WELL AS THE ORDER OUTLINED ABOVE. I WILL LEAVE IT UP TO YOU AS THE WRITER TO ESTABLISH WHICH ORDER WORKS MOST EFFECTIVELY. V. Counterargument/Conditions of Rebuttal and Rebuttal: There will be those who disagree with you so you will want to acknowledge their points of view. What are their assumptions about this topic? What questions do they raise for consideration? Acknowledging other points of view gives your essay credibility and shows that you have been fair and broad in your inquiry and presentation. (You will need at least one credible source to represent at least one counterargument.) Then explain how you have considered this counterargument, but still find your own analysis to be more logical and accurate; this is your rebuttal. VI. Conclusion: Summarize the meaningful conclusions you have drawn clearly and precisely, remembering to resummarize your thesis. Give your specific proposal here as well. This will become your transition paragraph between the causal analysis and the proposal, so you must state your proposal precisely to pave the way for the proposal argument in full to come. Keep in mind these critical thinking outcomes: • Pursue the best information via reliable research (no Internet web sites should be used—Use the library electronic databases, such as ____, for academic research. • Engage in broad and deep inquiry • Analyze different points of view • Examine and challenge your own underlying assumptions as you undergo this exciting journey in scholarship. Please also reflect on these questions as you progress through your research and project work: About yourself: • What assumptions (beliefs) did you have about this topic coming into the project? • Have some of those assumptions been challenged? Have some been validated? • What questions do you still have about your issue? • What questions have you been able to answer through your research? About your audience: • What questions might your audience have about your topic? What points of view do they represent? • What information do you want to provide to help answer those questions? • How can you address a diverse audience so that its members will be moved to see your own point of view as significant and worth consideration? • How has pursuing the best information in a fair and honest, ethical, and logical manner allowed you to show respect for your audience as well as yourself as a thinker? Documentation Style: MLA format for paper format, in-text citations, works cited page, and annotated bibliography format. Paper Length: 6-8 double-spaced pages. Annotated Bibliography: At least 4 sources, formatted in MLA style. List of Sources Page: At least 5-8 sources used; formatted in MLA style. Warning: Plagiarism is punishable with an “F,” so be sure to document your research carefully. Causal Analysis Topics Choose one: • Causes of bullying • Causes of gun violence in schools • Causes of obesity in children • Causes of lying / Reasons why people lie • Causes of the fear of darkness Write in the 3rd-person point of view (using pronouns such as he, she, they, etc.). Do not write in the 1st- person (I, me, etc.) or 2nd-person (you, your) point of view.

CAUSAL ANALYSIS GUIDELINES: According to John J. Ruskiewicz and Jay T. Dolmage, “We all analyze and explain things daily. Someone asks, ‘Why?’ We reply, ‘Because . . .’ and then offer reasons and rationales” (138). This type of thinking is at the core of the causal analysis. You will write a causal analysis which explores, through carefully examined research and logical analysis, certain causes or factors which contribute to an issue or problematic situation, based on the topic you choose to write on. Your causal analysis should explore more than one type of cause, such as necessary causes, sufficient causes, precipitating causes, proximate causes, remote causes, reciprocal causes, contributing factors, and chains of causes, as outlined in our course text in the chapter devoted to Causal Analyses. Your project should also reflect significant critical thinking skills. In addition to the actual causal analysis essay, you will be also create an annotated bibliography. These process elements will help you organize and focus your ideas and research in a beneficial way. The following is an organizational structure that outlines the chronology and content of your Causal Analysis: I. Introduction: In one (or at the most two) paragraph(s) introduce your topic. Give a brief overview of your topic and thesis in a few sentences. your evaluative claim and your causal claim. It should be specific, logical, and clear. II. History/Background to Current Situation: This section should take as much space as needed—a few to several paragraphs. Discuss the significant and relevant history of your topic up to the current situation and how it came to be. Use research as needed to give precise and accurate background for context in making your later causal argument. Comment on your research as well, so that you don’t lose your voice. As you explore other points of view, your own point of view will evolve in significant ways. III. Evaluative Claim: Once you have given a brief history/background of the current situation, evaluate the situation, the topic, as it is at present. Again, use research as appropriate to support your judgments. While this section of your essay could run anywhere from one to three paragraphs, typically one paragraph is the norm, as you are basically passing judgment on the situation, arguing evaluatively. This is an argument of pathos and logos, predominantly. IV. Causal Argument: This is the longest portion of your essay, the “meat,” the heart of your work. Once you have detailed the history/background to current situation and evaluated the current situation, you are ready to present your causal analysis. Demonstrate a link between the current situation and the causes for its negative condition. Of course, you will use current significant and relevant research to support your causal claim, and you will want to find the most dominant and pervasive logical causes, utilizing research, for the current situation as possible. These will connect forward as well to your proposal. Remember to use specific supporting detail/examples, and to analyze all of your research causally, thoroughly, and with clarity. NOTE: SECTIONS THREE AND FOUR ABOVE ARE INTERCHANGEABLE. IN OTHER WORDS, IF YOU FEEL YOU CAN PRESENT A BETTER ARGUMENT BY SHOWING CAUSES FIRST AND THEN EVALUATING THE CURRENT SITUATION, THAT CAN WORK JUST AS WELL AS THE ORDER OUTLINED ABOVE. I WILL LEAVE IT UP TO YOU AS THE WRITER TO ESTABLISH WHICH ORDER WORKS MOST EFFECTIVELY. V. Counterargument/Conditions of Rebuttal and Rebuttal: There will be those who disagree with you so you will want to acknowledge their points of view. What are their assumptions about this topic? What questions do they raise for consideration? Acknowledging other points of view gives your essay credibility and shows that you have been fair and broad in your inquiry and presentation. (You will need at least one credible source to represent at least one counterargument.) Then explain how you have considered this counterargument, but still find your own analysis to be more logical and accurate; this is your rebuttal. VI. Conclusion: Summarize the meaningful conclusions you have drawn clearly and precisely, remembering to resummarize your thesis. Give your specific proposal here as well. This will become your transition paragraph between the causal analysis and the proposal, so you must state your proposal precisely to pave the way for the proposal argument in full to come. Keep in mind these critical thinking outcomes: • Pursue the best information via reliable research (no Internet web sites should be used—Use the library electronic databases, such as ____, for academic research. • Engage in broad and deep inquiry • Analyze different points of view • Examine and challenge your own underlying assumptions as you undergo this exciting journey in scholarship. Please also reflect on these questions as you progress through your research and project work: About yourself: • What assumptions (beliefs) did you have about this topic coming into the project? • Have some of those assumptions been challenged? Have some been validated? • What questions do you still have about your issue? • What questions have you been able to answer through your research? About your audience: • What questions might your audience have about your topic? What points of view do they represent? • What information do you want to provide to help answer those questions? • How can you address a diverse audience so that its members will be moved to see your own point of view as significant and worth consideration? • How has pursuing the best information in a fair and honest, ethical, and logical manner allowed you to show respect for your audience as well as yourself as a thinker? Documentation Style: MLA format for paper format, in-text citations, works cited page, and annotated bibliography format. Paper Length: 6-8 double-spaced pages. Annotated Bibliography: At least 4 sources, formatted in MLA style. List of Sources Page: At least 5-8 sources used; formatted in MLA style. Warning: Plagiarism is punishable with an “F,” so be sure to document your research carefully. Causal Analysis Topics Choose one: • Causes of bullying • Causes of gun violence in schools • Causes of obesity in children • Causes of lying / Reasons why people lie • Causes of the fear of darkness Write in the 3rd-person point of view (using pronouns such as he, she, they, etc.). Do not write in the 1st- person (I, me, etc.) or 2nd-person (you, your) point of view.

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Instructions Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed later. Question 1 1. According to Matthews, Egyptian culture is thought to be ______. more pessimistic in outlook that Mesopotamian culture. Egyptians were more fun and had more parties than Mesopotamians. more optimistic in outlook that Mesopotamian culture. Ancient Sumerians could really throw a party. Question 2 1. The Rosetta Stone, found in the Rosetta section of the Nile by Napoleon, allowed historians to translate Egyptian hieroglyphics because it had each of the following languages EXCEPT ______. Hieratic Hieroglyphics Greek Coptic Question 3 1. Select the legacies of Near Eastern civilizations. Choose all the correct answers. Lunar calendar that guides planting Number system based on 60 Newspapers Algebra Pschology Writing Question 4 1. Each of the following would be considered a quality of Egyptian art EXCEPT _____. people were portrayed with serene looks on their faces. sculptures, paintings and reliefs portray figures in profile and from the front simultaneously. images of people housed their ka or spirit figures were often portrayed in a contorted, twisting and dramatic fashion. Question 5 1. Hatshepsut became pharaoh because _______. she claimed title of pharaoh because of her visions of Aten. she pulled a sword out of a pyramid-shaped stone. she inherited the title from her mother, Nefertiti. she was the chief queen to Thutmose II and seized power when he died. Question 6 1. Place the civilizations in the correct chronological order. Persian Akkadian Assyrian Sumerian Babylonian Question 7 1. Match the description with the phrase. A time when a more free and fluid style of artwork was created. Read Answer Items for Question 7 A set of rules or a set of established works of art Read Answer Items for Question 7 Tokens or emblems of royal authority Read Answer Items for Question 7 The northern more fertile area of the Nile’s delta Read Answer Items for Question 7 Answer A. Regalia B. Lower Egypt C. The Amarna period under Akhenaten D. Canon Question 8 1. After reading the ancient Sumerian text from 1700 BCE in which a father “Lectures His Son,” what conclusions might we draw about parallels between contemporary and ancient fathers? Select all the correct answers. Both modern and ancient fathers often want their sons to be successful. Both modern and ancient fathers often encourage their sons not to be idle. Both modern and ancient fathers often think education is important. Both modern and ancient fathers think the purchase of shares in reeds and canes is a wise investment. Both modern and ancient fathers often watch over their sons and are concerned about their future. Both modern and ancient fathers enjoy golf. Question 9 1. The oldest surviving medical textbooks from ancient Egypt might include each of the following EXCEPT _____. health insurance forms advice about getting rid of vermin magical spells to heal illnesses diagnostic information about maladies of organs Question 10 1. Circle each of the developments of the Neolithic age. Circle all that apply. plows microchip indoor plumbing kiln-fired bricks wheel hammers boats flying buttress internal combustion engine knives Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all answers. Click Close Window to close window.

Instructions Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed later. Question 1 1. According to Matthews, Egyptian culture is thought to be ______. more pessimistic in outlook that Mesopotamian culture. Egyptians were more fun and had more parties than Mesopotamians. more optimistic in outlook that Mesopotamian culture. Ancient Sumerians could really throw a party. Question 2 1. The Rosetta Stone, found in the Rosetta section of the Nile by Napoleon, allowed historians to translate Egyptian hieroglyphics because it had each of the following languages EXCEPT ______. Hieratic Hieroglyphics Greek Coptic Question 3 1. Select the legacies of Near Eastern civilizations. Choose all the correct answers. Lunar calendar that guides planting Number system based on 60 Newspapers Algebra Pschology Writing Question 4 1. Each of the following would be considered a quality of Egyptian art EXCEPT _____. people were portrayed with serene looks on their faces. sculptures, paintings and reliefs portray figures in profile and from the front simultaneously. images of people housed their ka or spirit figures were often portrayed in a contorted, twisting and dramatic fashion. Question 5 1. Hatshepsut became pharaoh because _______. she claimed title of pharaoh because of her visions of Aten. she pulled a sword out of a pyramid-shaped stone. she inherited the title from her mother, Nefertiti. she was the chief queen to Thutmose II and seized power when he died. Question 6 1. Place the civilizations in the correct chronological order. Persian Akkadian Assyrian Sumerian Babylonian Question 7 1. Match the description with the phrase. A time when a more free and fluid style of artwork was created. Read Answer Items for Question 7 A set of rules or a set of established works of art Read Answer Items for Question 7 Tokens or emblems of royal authority Read Answer Items for Question 7 The northern more fertile area of the Nile’s delta Read Answer Items for Question 7 Answer A. Regalia B. Lower Egypt C. The Amarna period under Akhenaten D. Canon Question 8 1. After reading the ancient Sumerian text from 1700 BCE in which a father “Lectures His Son,” what conclusions might we draw about parallels between contemporary and ancient fathers? Select all the correct answers. Both modern and ancient fathers often want their sons to be successful. Both modern and ancient fathers often encourage their sons not to be idle. Both modern and ancient fathers often think education is important. Both modern and ancient fathers think the purchase of shares in reeds and canes is a wise investment. Both modern and ancient fathers often watch over their sons and are concerned about their future. Both modern and ancient fathers enjoy golf. Question 9 1. The oldest surviving medical textbooks from ancient Egypt might include each of the following EXCEPT _____. health insurance forms advice about getting rid of vermin magical spells to heal illnesses diagnostic information about maladies of organs Question 10 1. Circle each of the developments of the Neolithic age. Circle all that apply. plows microchip indoor plumbing kiln-fired bricks wheel hammers boats flying buttress internal combustion engine knives Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all answers. Click Close Window to close window.

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. Pt 1. Making Observations (Introduction) Write a brief, introductory paragraph that includes general observations related to the topic. You may consider information from the news, media (tv, movies), social media, popular views, ideas from the general public, or your personal experiences. Your paragraph should specifically mention three (3) observations related to this topic and be sure to cite your sources. You should also include your thoughts on why this topic is of interest to you or relevant to society (i.e. what is the significance?). Pt 2. Apply The Content Choose five (5) terms or concepts that we have covered in this unit that are related to the chosen topic. Define each term in your own words and then write one (1) sentence that explains how it is related to the topic. The concept are: Define evolution. What was Darwin’s role in establishing the theory of evolution? What does the phrase “descent with modification” mean? How are fossils, anatomical studies, and molecular biology used to provide evidence for the theory of evolution? What is “fitness” in a biological organism? What role do mutations have in natural selection? What are the types of natural selection? How do they effect the genetic variation in a population? What is genetic drift? gene flow? How do they effect the genetic variation in a population? What forces can lead to adaptive evolution? What is the biological definition of a species? What are the three domains of living organisms? What are the six kingdoms? For each kingdom you should be able to describe the cellular structure, means of reproduction, ways of getting nutrients/food, general/adaptive features, and an example organism. How does Helicobacter pylori avoid competition? What extreme environment does a hermoacidophile occupy? What is unique about the Volvox compared to other protists? How do pitcher plants thrive in low nutrient environments? How does the puffball mushroom achieve reproductive success? What adaptations allowed plants to live on the land? What major adaptations occurred in the animal kingdom? In vertebrates? What domain, kingdom, phylum, sub phylum, and class do humans belong to? What do we share with organisms in these groups? What are the ecological levels of the biological hierarchy? What are the elements of a habitat? What are the criteria used by ecologists to measure and observe populations? What common patterns of population distribution are seen in nature? Compare the three kinds of survivorship curves? What do they show? What kind of reproductive behaviors lead to type I, II, and III survivorship curves? How does idealized population growth differ from how actual populations grow? What are factors that affect the growth of a population? How do density-dependent factors affect population growth? What are examples of density-independent factors that can affect population growth? What is a population boom? What is a population bust? Describe the boom and bust cycles often observed in nature. What kinds of competition occur in a habitat? What kinds of symbiotic relationships occur in a habitat? How do organisms avoid predation? What are the levels in a trophic structure? How can plants and animals avoid being eaten? Why is a food web a more accurate representation of the organisms in a community compared to a food chain? Why are most food chains limited to only three or four trophic levels.What are some common threats to biodiversity? What are common types of pollution? Explain why we must be concerned about even small levels of polluting chemicals in the environment. What is sustainability? How can we contribute to the sustainability of life on our planet? Pt 3. Form A Claim Write a claim statement related to the chosen topic. Consider the major question that you are addressing and then develop a statement that will guide your research and writing as you develop your scientific explanation (in Pt 4). Pt 4. Construct a Scientific Explanation Write a scientific explanation that includes evidence and reasoning to support your claim. Your explanation should demonstrate your understanding of the chosen topic using discussion and content from this course as a starting point. Your explanation should include information from a minimum of three (3) sources and one (1) of these sources must be a peer-reviewed scientific article or a review of a scientific study or studies (i.e. a primary or secondary source). You should cite your sources within the body of your explanation and include a list of references at the end (any standard formatting method is acceptable).

. Pt 1. Making Observations (Introduction) Write a brief, introductory paragraph that includes general observations related to the topic. You may consider information from the news, media (tv, movies), social media, popular views, ideas from the general public, or your personal experiences. Your paragraph should specifically mention three (3) observations related to this topic and be sure to cite your sources. You should also include your thoughts on why this topic is of interest to you or relevant to society (i.e. what is the significance?). Pt 2. Apply The Content Choose five (5) terms or concepts that we have covered in this unit that are related to the chosen topic. Define each term in your own words and then write one (1) sentence that explains how it is related to the topic. The concept are: Define evolution. What was Darwin’s role in establishing the theory of evolution? What does the phrase “descent with modification” mean? How are fossils, anatomical studies, and molecular biology used to provide evidence for the theory of evolution? What is “fitness” in a biological organism? What role do mutations have in natural selection? What are the types of natural selection? How do they effect the genetic variation in a population? What is genetic drift? gene flow? How do they effect the genetic variation in a population? What forces can lead to adaptive evolution? What is the biological definition of a species? What are the three domains of living organisms? What are the six kingdoms? For each kingdom you should be able to describe the cellular structure, means of reproduction, ways of getting nutrients/food, general/adaptive features, and an example organism. How does Helicobacter pylori avoid competition? What extreme environment does a hermoacidophile occupy? What is unique about the Volvox compared to other protists? How do pitcher plants thrive in low nutrient environments? How does the puffball mushroom achieve reproductive success? What adaptations allowed plants to live on the land? What major adaptations occurred in the animal kingdom? In vertebrates? What domain, kingdom, phylum, sub phylum, and class do humans belong to? What do we share with organisms in these groups? What are the ecological levels of the biological hierarchy? What are the elements of a habitat? What are the criteria used by ecologists to measure and observe populations? What common patterns of population distribution are seen in nature? Compare the three kinds of survivorship curves? What do they show? What kind of reproductive behaviors lead to type I, II, and III survivorship curves? How does idealized population growth differ from how actual populations grow? What are factors that affect the growth of a population? How do density-dependent factors affect population growth? What are examples of density-independent factors that can affect population growth? What is a population boom? What is a population bust? Describe the boom and bust cycles often observed in nature. What kinds of competition occur in a habitat? What kinds of symbiotic relationships occur in a habitat? How do organisms avoid predation? What are the levels in a trophic structure? How can plants and animals avoid being eaten? Why is a food web a more accurate representation of the organisms in a community compared to a food chain? Why are most food chains limited to only three or four trophic levels.What are some common threats to biodiversity? What are common types of pollution? Explain why we must be concerned about even small levels of polluting chemicals in the environment. What is sustainability? How can we contribute to the sustainability of life on our planet? Pt 3. Form A Claim Write a claim statement related to the chosen topic. Consider the major question that you are addressing and then develop a statement that will guide your research and writing as you develop your scientific explanation (in Pt 4). Pt 4. Construct a Scientific Explanation Write a scientific explanation that includes evidence and reasoning to support your claim. Your explanation should demonstrate your understanding of the chosen topic using discussion and content from this course as a starting point. Your explanation should include information from a minimum of three (3) sources and one (1) of these sources must be a peer-reviewed scientific article or a review of a scientific study or studies (i.e. a primary or secondary source). You should cite your sources within the body of your explanation and include a list of references at the end (any standard formatting method is acceptable).

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Louis Pasteur conducted an experiment to answer the question of whether or not living things can arise spontaneously from nonliving materials. In this experiment he used two flasks of sterile broth. How could this demonstrate the invalidity of spontaneous generation? Select one: In the flask in which no outside materials could enter, no growth occurred while growth did occur in the flask that allowed outside air to enter demonstrating that the living things came from outside the sterile broth. No growth occurred in either flask demonstrating that sterile broth could not promote growth. Both flasks showed growth demonstrating that spontaneous generation does occur. While both flasks showed growth, the flask that did not allow air to enter showed a higher growth demonstrating that while spontaneous generation does not occur that it does not take air to permit growth. No growth occurred in either flask demonstrating that sterilizing the broth removed its nutrients so growth could not occur regardless of whether or not life was present.

Louis Pasteur conducted an experiment to answer the question of whether or not living things can arise spontaneously from nonliving materials. In this experiment he used two flasks of sterile broth. How could this demonstrate the invalidity of spontaneous generation? Select one: In the flask in which no outside materials could enter, no growth occurred while growth did occur in the flask that allowed outside air to enter demonstrating that the living things came from outside the sterile broth. No growth occurred in either flask demonstrating that sterile broth could not promote growth. Both flasks showed growth demonstrating that spontaneous generation does occur. While both flasks showed growth, the flask that did not allow air to enter showed a higher growth demonstrating that while spontaneous generation does not occur that it does not take air to permit growth. No growth occurred in either flask demonstrating that sterilizing the broth removed its nutrients so growth could not occur regardless of whether or not life was present.

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EE118 FALL 2012 SAN JOSE STATE UNIVERSITY Department of Electrical Engineering TEST 2 — Digital Design I October 24, 2012 10:30 a.m. – 11:45 a.m. — Closed Book & Closed Notes — — No Crib Sheet Allowed — STUDENT NAME: (Last) Claussen , (First) Matthew STUDENT ID NUMBER (LAST 4 DIGITS): No interpretation of test problems will be given during the test. If you are not sure of what is intended, make appropriate assumptions and continue. Do not unstaple !!! Problems 1-14(4 points each) TOTAL Problems 15 – 17 (15 pts each) 1203 2 For the next 14 problems, circle the correct answer. No partial credit will be given. PROBLEM 1 (4 points) Which statement is not true? A. Any combinational circuit may be designed using multiplexers only. B. Any combinational circuit may be designed using decoders only. C. All Sequential circuits are based on cross-coupled NAND or NOR gates. D. A hazard in a digital system is an undesirable effect caused by either a deficiency in the system or external influences. E. None of the above PROBLEM 2 (4 points) For a 2-bit comparator comparing 2-bit numbers A = (a1 a0) and B = (b1 b0), what is the proper function for the f(A>B) output through logical reasoning? A. a1 b1’ + (a1 b1 + a1’b1’ ) a0 b0’ B. a1 b1’ + (a1 b1’+ a1’b1 ) a0 b0 C. a1 a0’ + (a1 a0 + b1’b0’ ) b1 b0’ D. a1 a0 + (a1 a0’+ b1’b0 ) b1 b0 PROBLEM 3 (4 points) What is the priority scheme of this encoder? Inputs Outputs I3 I2 I1 I0 O1 O 0 d d 1 d 0 1 d d 0 1 0 0 d 1 0 0 1 0 1 0 0 0 1 1 A. I3 > I2 > I1 >I0 B. I0 > I1 > I2 >I3 C. I1 > I0 > I2 >I3 D. I2 > I1 > I3 >I0 3 PROBLEM 4 (4 points) Which is the correct binary representation of the decimal number 46.625? A. 101101.001 B. 101000.01 C. 111001.001 D. 101110.101 PROBLEM 5 (4 points) Which is the decimal equivalent number of the sum of the two 8-bit 2’s complement numbers FB16 and 3748? A. 3 B. 5 C. 7 D. 9 PROBLEM 6 (4 points) For the MUX-based circuit shown below, f(X,Y,Z) = ? X Y Z f A. X’Y’ + Y’Z’ B. X’Y’Z’ + YZ’ C. XYZ’ + Y’Z D. X’Y’Z’ + YZ 1 0 MUX 4 PROBLEM 7 (4 points) Which is the correct output F of this circuit? E C B D F A A. (A’E+AB)(C’D) B. (AE+A’B)(C’+D) C. (A’E+AB)(C’D’+CD’+CD) D. (A’E+AB)(CD’)’ PROBLEM 8 (5 points) In order to correctly perform 2910  14510, how many bits are required to represent the numbers? A 8 B 9 C 10 D 11 PROBLEM 9 (4 points) Which is the negative 2’s complement equivalent of the 8-bit number 01001101? A. 11001101 B. 10111100 C. 10110000 D. 10110011 0 2-1 1 MUX 0 0 1 1 2-4 decoder 2 EN 3 5 PROBLEM 10 (4 points) Which is the correct statement describing the behavior of the following Verilog code? module whatisthis(hmm, X, Y); output [3:0] hmm; input [3:0] X, Y; assign hmm = (X < Y) ? X : Y; endmodule A. If X>Y, hmm becomes 1111. B. hmm assumes min(X,Y). C. If X<Y, hmm becomes 1111. D. hmm assumes max(X,Y). PROBLEM 11 (4 points) Which Boolean expression corresponds to the function g(W,X,Y,Z) implemented by the following “non-priority” encoder-based circuit? Assume that one and only one input is high at any time. f W X g Y Z A. Y + Z B. W + Y C. X + Y D. X + Z PROBLEM 12 (4 points) Which Boolean expression corresponds to the output of the following logic diagram? (/B = B’) A. Z = ( A(B’ + C)’ )’ + ( (B’ + C)’ + D )’ B. Z= A(B C’) + (B C’ + D) C. Z = (A(B’ + C)(B’ + C + D) )’ D. Z = A(B’ + C)’ + (B’ + C + D)’ 0 0 1 1 2 3 Encoder 6 PROBLEM 13 (4 points) Which is the correct gate-level circuit in minimal SOP form for the following circuit? A F = Y’X’ + W’ZY’X B F = YX’ + W’Z’Y’X C F = YX’ + W’ZY’X D F = Y’X + W’ZY’X’ PROBLEM 14 (4 points) For the following flow map of a certain cross-coupled gate circuit, the circuit is currently in the underlined state. If the inputs YZ change to 11, the circuit becomes meta-stable. Between which two states (WX) does the circuit oscillate ? A 00  11 B 01  10 C 11  10 D 10  00 YZ WX 00 01 11 10 00 00 11 00 10 01 10 10 10 01 11 00 00 11 01 10 10 01 01 10 G1 Y0 G2A Y1 G2B Y2 Y3 A Y4 B Y5 C Y6 Y7 G1 Y0 G2A Y1 G2B Y2 Y3 A Y4 B Y5 C Y6 Y7 OR W X Y Z X Y Z F + 5 V 7 For each of the next 3 problems, show all your work. Partial credits will be given. PROBLEM 15 (15 points) 1) Which logic variable causes the hazard for the circuit given by the K-map below? 2) Using the timing diagram, clearly show how the hazard occurs. 3) Find the best hazard-free logic function. YZ WX 00 01 11 10 00 0 0 1 1 01 0 0 0 0 11 1 0 0 0 10 1 0 1 1 8 PROBLEM 16(15 points) Analyze the following cross-coupled NAND gates by showing: (a) flow map with stable states circled and with meta-stability condition shown by arrows, (b) state table, and (c) completed timing diagram below. Note that d is the propagation delay of each gate. XY G1(t)G2(t) 00 01 11 10 00 01 11 10 Inputs  XY=00 XY=01 XY=11 XY=10 Present States  X Y G1(t) G2(t) 0 d 2d 3d 4d 5d 6d 7d 8d 9d X Y G1 G2 9 PROBLEM 17 (15 points) Using Quine-McCluskey algorithm, find the minimal SOP for the following minterm list. f(A, B, C) = (1,2,3,4,6,7) w(j) j Match I Match II 0 1 2 3 PI Covering Table

EE118 FALL 2012 SAN JOSE STATE UNIVERSITY Department of Electrical Engineering TEST 2 — Digital Design I October 24, 2012 10:30 a.m. – 11:45 a.m. — Closed Book & Closed Notes — — No Crib Sheet Allowed — STUDENT NAME: (Last) Claussen , (First) Matthew STUDENT ID NUMBER (LAST 4 DIGITS): No interpretation of test problems will be given during the test. If you are not sure of what is intended, make appropriate assumptions and continue. Do not unstaple !!! Problems 1-14(4 points each) TOTAL Problems 15 – 17 (15 pts each) 1203 2 For the next 14 problems, circle the correct answer. No partial credit will be given. PROBLEM 1 (4 points) Which statement is not true? A. Any combinational circuit may be designed using multiplexers only. B. Any combinational circuit may be designed using decoders only. C. All Sequential circuits are based on cross-coupled NAND or NOR gates. D. A hazard in a digital system is an undesirable effect caused by either a deficiency in the system or external influences. E. None of the above PROBLEM 2 (4 points) For a 2-bit comparator comparing 2-bit numbers A = (a1 a0) and B = (b1 b0), what is the proper function for the f(A>B) output through logical reasoning? A. a1 b1’ + (a1 b1 + a1’b1’ ) a0 b0’ B. a1 b1’ + (a1 b1’+ a1’b1 ) a0 b0 C. a1 a0’ + (a1 a0 + b1’b0’ ) b1 b0’ D. a1 a0 + (a1 a0’+ b1’b0 ) b1 b0 PROBLEM 3 (4 points) What is the priority scheme of this encoder? Inputs Outputs I3 I2 I1 I0 O1 O 0 d d 1 d 0 1 d d 0 1 0 0 d 1 0 0 1 0 1 0 0 0 1 1 A. I3 > I2 > I1 >I0 B. I0 > I1 > I2 >I3 C. I1 > I0 > I2 >I3 D. I2 > I1 > I3 >I0 3 PROBLEM 4 (4 points) Which is the correct binary representation of the decimal number 46.625? A. 101101.001 B. 101000.01 C. 111001.001 D. 101110.101 PROBLEM 5 (4 points) Which is the decimal equivalent number of the sum of the two 8-bit 2’s complement numbers FB16 and 3748? A. 3 B. 5 C. 7 D. 9 PROBLEM 6 (4 points) For the MUX-based circuit shown below, f(X,Y,Z) = ? X Y Z f A. X’Y’ + Y’Z’ B. X’Y’Z’ + YZ’ C. XYZ’ + Y’Z D. X’Y’Z’ + YZ 1 0 MUX 4 PROBLEM 7 (4 points) Which is the correct output F of this circuit? E C B D F A A. (A’E+AB)(C’D) B. (AE+A’B)(C’+D) C. (A’E+AB)(C’D’+CD’+CD) D. (A’E+AB)(CD’)’ PROBLEM 8 (5 points) In order to correctly perform 2910  14510, how many bits are required to represent the numbers? A 8 B 9 C 10 D 11 PROBLEM 9 (4 points) Which is the negative 2’s complement equivalent of the 8-bit number 01001101? A. 11001101 B. 10111100 C. 10110000 D. 10110011 0 2-1 1 MUX 0 0 1 1 2-4 decoder 2 EN 3 5 PROBLEM 10 (4 points) Which is the correct statement describing the behavior of the following Verilog code? module whatisthis(hmm, X, Y); output [3:0] hmm; input [3:0] X, Y; assign hmm = (X < Y) ? X : Y; endmodule A. If X>Y, hmm becomes 1111. B. hmm assumes min(X,Y). C. If X

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Assignment One Suggested Due Date: July 17th In this assignment you will read three articles You will answer questions about Hayek, Lucas, and Mankiw et. al. which consider just those particular articles. Then at the end of the assignment there is a cluster of questions that deal with both Lucas and Mankiw et al where you will have an opportunity to compare and contrast those two articles. When you have completed the assignment, place it in the appropriate drop box in WTClass. Hayek: The Use of Knowledge in Society http://www.econlib.org/library/Essays/hykKnw1.html Adapted from Michael K. Salemi “The Use of Knowledge in Society” F. A. Hayek Discussion Questions 1.1. “The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form, but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess (H.3)” a. What does Hayek mean by a “rational economic order”? b. What does Hayek mean by “dispersed bits of incomplete and frequently contradictory knowledge”? c. Why is Hayek critical of the common assumptions in economic analysis that buyers, sellers, producers and the economist all know every relevant thing about the economy? d. What, in summary, does Hayek mean by the quoted statement? 1.2. What, according to Hayek, is the information needed to operate effectively in a complex market economy? a. What does Hayek mean by “planning”? b. What is the minimum information needed by economic planners and individuals? c. Does the minimum differ for planners and for individuals? How? Why? d. What happens when some individuals possess more information than other individuals? e. What does Hayek mean when he says (H.16) “…the sort of knowledge with which I have been concerned is knowledge of the kind which by its nature cannot enter into statistics and therefore cannot be conveyed to any central authority in statistical form”? f. Why, according to Hayek, can the “information problem” be solved by “the price system”? 1.3. Why, according to Hayek, is the true function of the price system the communication of information? a. Why does Hayek use the term ‘marvel’ in his discussion of the economy of knowledge? b. What does Hayek mean when he says (H.26) “…man has been able to develop that division of labor on which our civilization is based because he happened to stumble upon a method which made it possible”? Read Robert Lucas’ “Some Macroeconomics for the 21st Century” in the Journal of Economic Perspectives. (Skip the appendix.) All four of these links go to the same article. Some of the links might not be accessible to you, but I think that at least one of them should work for all of you. https://www.aeaweb.org/articles.php?doi=10.1257/jep.14.1.159 http://www.jstor.org/stable/2647059 http://www.econ.psu.edu/~aur10/Econ%20570%20Fall%202009/Lucas%20JEP%202000.pdf http://faculty.georgetown.edu/mh5/class/econ102/readings/Macro_21st_Century.pdf 1. According to Lucas, why has the world’s economy grown so much since 1960? 2. According to Lucas, why do some nations grow faster than others? 3. According to Lucas, why will growth and inequality decrease in the next 100 years? 4. Is Lucas’ model in this paper “economics?” Read Greg Mankiw, Romer and Wiel’s article in The Quarterly Journal of Economics. http://www.econ.nyu.edu/user/debraj/Courses/Readings/MankiwRomerWeil.pdf 1. Many economists think the Solow Growth Model is of limited use. (One of my professors at OU stated that it took economists 50 years to figure out that their growth model has nothing to do with growth.) But does the Solow model give “…the right answer to the questions it is designed to address?” 2. Why is human capital important when testing the Solow model against the data? 3. Explain how the authors conclude that the incomes of the world’s nations are converging? Now that you’ve answered questions about Lucas and Mankiw et al separately, consider this question: Both of these papers develop the notion that the economies of the world’s nations will tend to “converge” over time. Compare and contrast the way(s) in which the papers advance the idea of convergence. Assignment Two Due Date July 24th This assignment is very straight forward. You’ll read two papers and answer questions about each of them. Read Krugman’s paper on unemployment http://www.kc.frb.org/PUBLICAT/ECONREV/EconRevArchive/1994/4Q94KRUG.pdf 1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe and the US? What is the evidence that Krugman uses to back his opinion? 2. What is the natural rate of unemployment? Why is it higher/rising in Europe? Again, what is the evidence? 3. What is the relationship between the rising unemployment in Europe and the rise in inequality in the US. (What does Krugman mean by inequality?) 4. What is NOT to blame for either the rise in unemployment or inequality? 5. What policies, if any, can be put into place to combat rising inequality/unemployment? 6. Are you convinced by Krugman’s argument which rules out globalization as the likely cause for high European unemployment and high US wage inequality? 7. Consider Table 2 in Krugman. Why does Krugman include Table 2 in his paper? In other words, what point is strengthened by the data in Table 2 and why is it crucial to Krugman’s larger thesis? NOW, recreate the data for Table 2 for either the UK or US for the latest year possible. Has anything changed as a result of the Great Recession? Read Thomas Sargent’s paper about the credibility of “Reaganonomics.” http://minneapolisfed.contentdm.oclc.org/cdm/ref/collection/p15334coll1/id/366 http://minneapolisfed.contentdm.oclc.org/cdm/singleitem/collection/p15334coll1/id/366/rec/1 You might like this: http://www.ispot.tv/ad/7Lj9/ally-bank-predictions-featuring-thomas-sargent 1. What is a dynamic game? 2. Why should we think of monetary and fiscal policy as dynamic game? Who are the players and what are the strategies? 3. When are government budgets inflationary? (Again, think in terms of a game.) 4. What are the consequences if the monetary authority does not coordinate with fiscal policy agents? 5. Has Sargent done of good job characterizing the interplay between policymakers in the government, the central bank, and the public? 6. What is the connection between policy coordination and credibility? 7. Why, according to Sargent, were Reagan’s fiscal and monetary policy regimes “incredible?” Explain carefully. Assignment Three Due Date July 31 Read Taylor, Miskin, Obstfeld and Rogoff. Answer the questions for each article, then answer the final cluster that requires you to consider Miskin, Obstfeld and Rogoff. Suggested due date: January 2nd. Read John Taylor’s article about monetary transmission mechanisms. http://web.econ.unito.it/bagliano/ecmon_readings/taylor_jep95.pdf Also, to understand traditional monetary policy, listen to this: http://www.econtalk.org/archives/2008/08/john_taylor_on.html These questions refer to the article, not the podcast. 1. How does monetary policy (or changes in monetary policy) affect output and inflation? In other words, what is the monetary policy transmission mechanism? 2. What is the importance of financial market prices in Taylor’s view? 3. What is the importance of rational expectations and rigidities in the prices of labor and goods? 4. What is a reaction function? Why is a reaction function important? 5. What is an “optimal monetary policy rule?” 6. Has the monetary transmission mechanism changed? How? 7. What are the criticisms of Taylor’s views? How does he respond? What do you think? Read Mishkin’s article about global financial instability. http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.3 1. What is a financial crisis? 2. How did adverse selection and moral hazard contribute to the financial crisis in Mexico and East Asia in the 1990s? What are adverse selection and moral hazard? 3. Did irresponsible monetary and fiscal policy contribute to the crisis in the 90s? Why or why not? 4. How is it possible for the IMF to help in a crisis when a domestic central bank might not be able to help. 5. What should the US learn (or have learned??) from the crisis in the 90s? Read Rogoff’s article about global financial instability. http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.21 http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.21 Answer the questions and place the answers in the appropriate drop box in WTClass. 1. According to Rogoff, is the status quo in international lending viable or not? Explain. 2. Can the IMF handle international financial crises? Why or why not? 3. Rogoff gives six solutions to save the global financial system (deep pockets lender of last resort, an international financial crisis manager, an international bankruptcy court, an international regulator, international deposit insurance corporation, and a world monetary authority.) What is wrong with all of these? 4. Can developing economies cope with speculative capital flows without help? Explain. 5. What will be (should be) the role that equity financing play in developing country projects? Read Obstfeld on Global Capital Markets: http://www.nber.org/papers/w6559.pdf 1. Look at table 1 and figure 1. How does Obstfeld use the data in that table to suggest that 1) markets became less open then more open in the 20th century. 2. What is the “openness trilemma?” What are the economic and/or policy trade-offs with having a global, open and integrated financial system? 3. How does economic integration impact a nation’s ability to tax capital? Can you think of some high profile cases in the news lately that illustrate this fact? (Hint: you should be able to.) 4. What is the international diversification puzzle? What market failures have arisen (if any) have arisen due to more integration and openness? Comparing Obstfeld, Miskin, and Rogoff 1. Would the authors’ advice about policies to reduce the costs of financial integration be the same? Why or why not? 2. Would the authors’ agree that we need an international regulatory body to stave off international financial crises? Why or why not? 3. What is your opinion? Is it good to have a global financial market? Why or why not? Assignment Four Due Date August 7 Straight forward assignment: Read and answer the questions. Read Arnold Kling’s history of the policies that created the great recession http://mercatus.org/publication/not-what-they-had-mind-history-policies-produced-financial-crisis-2008 1. Using only the executive summary, what does Kling think caused the Financial Crisis of 2008? (Use only one sentence.) 2. One page 5, what is “the fact?” and what does this “fact” mean to you? 3. Briefly summarize the four components of the Financial Crisis? 4. On page 10, Kling states, “These property bubbles (in the U.K. and Spain) cannot be blamed on U.S. policy.” How confident are you on that point? Is Kling wrong? 5. Kling’s matrix of causes, gives almost all weight to what two factors? What three factors are almost completely not responsible? 6. Many have blamed designer financial (my term) like CDS and CDO and the shadow banking system for the collapse. How do these fit into Kling’s narrative? 7. Outline the progression of policy that caused/responded to economic conditions in the 30s, 70s and 80s and 00s. 8. What role did the mortgage interest deduction have on housing market? 9. What institution invented and allowed the expansion of mortgage-backed securities? 10. What is regulatory arbitrage? 11. Why did the Basel agreement create an advantage for mortgage securitization? 12. Did the Federal Reserve (and presumably other regulatory agencies know and even encourage regulatory capital arbitrage? What author does Kling cite to establish this? 13. What did the 2002 modification of the Basel Rules do to capital requirements? (See figure 4) 14. Summarize the Shadow Regulatory Committee’s statement 160. 15. Did non market institutions, such as the IMF and Bernanke, think, in 2006, that financial innovation had make the banking sector more or less fragile? 16. What is time inconsistency? (You can look this up elsewhere.) 17. How might “barriers to entry” by related to “safety and soundness?” 18. A Curmudgeon is an old man who is easily annoyed and angered. He also complains a lot. (I had to look it up.) I think I’ll change my xbox gamertag to this word, but I’ll bet it is taken. 19. How did credit scoring and credit default swaps enlarge the mortgage securities market? 20. Why, up until 2007, did we think that monetary expansion was all that was needed to mitigate the impact of financial crises? 21. Suppose that financial markets are inherently unstable. What does this mean are two goals of regulation and regulators? 22. Why are type two errors so problematic? (Two reasons.) 23. How could we make the banking sector easy to fix? Assignment Five Due August 13 Read the linked lectures and answer the questions. Lecture 1 http://econlog.econlib.org/archives/2008/11/lectures_in_mac.html 1.1 Why do you think macroeconomic realities must be reconciled with microeconomic analysis? (This is not a rhetorical question, but it will be hard for you to answer. There is no “wrong” answer you could give. Just think about it for a few minutes.) Lecture 2 http://econlog.econlib.org/archives/2008/11/lectures_in_mac_1.html 2.1 Consider this article after you have read Hayek. How do prices and wages perform the function of “central planning?” 2.2 Kling makes that claim that, because most workers do not do manual labor anymore, the economy is different that it was in 1930. Assuming he is correct, do you think central planning would be harder today or easier? Why? Lecture 3 http://econlog.econlib.org/archives/2008/11/lectures_on_mac.html 3.1 Give a one sentence definition of structural unemployment, of frictional unemployment and of cyclical unemployment. Lecture 4 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_1.html 4.1 So, why does the economy adjust employment rather than wages? Lecture 5 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_2.html 5.1 Kling gives 5 reasons the DotCom recession was worse than the previous two recessions (at least in duration). Which reason do you think is the most compelling? Lecture 6 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_3.html 6.1 Why are Keynesian remedies (blunt fiscal and monetary policy measures) less appropriate in a post industrial economy, according to Kling? Lecture 7 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_4.html 7.1 Why is it so hard to separate finance and government, according to Kling? Lecture 8 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_5.html 8.1 Why is American Express Travelers Checks so interesting? Do credit cards work in a similar way? (I really don’t know the answer to this one. I just know that credit cards have made travelers checks obsolete.) Lecture 9. http://econlog.econlib.org/archives/2008/12/lectures_on_mac_6.html 9.1 According to this article, why do we have banks (financial sector or financial intermediation?) Lecture 10 http://econlog.econlib.org/archives/2008/12/lectures_on_mac_7.html 10.1 Why are banks better than barter, according to this leture? 10.2 Politics tends to favor bailouts of failed firms. Why is this exactly wrong?

Assignment One Suggested Due Date: July 17th In this assignment you will read three articles You will answer questions about Hayek, Lucas, and Mankiw et. al. which consider just those particular articles. Then at the end of the assignment there is a cluster of questions that deal with both Lucas and Mankiw et al where you will have an opportunity to compare and contrast those two articles. When you have completed the assignment, place it in the appropriate drop box in WTClass. Hayek: The Use of Knowledge in Society http://www.econlib.org/library/Essays/hykKnw1.html Adapted from Michael K. Salemi “The Use of Knowledge in Society” F. A. Hayek Discussion Questions 1.1. “The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form, but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess (H.3)” a. What does Hayek mean by a “rational economic order”? b. What does Hayek mean by “dispersed bits of incomplete and frequently contradictory knowledge”? c. Why is Hayek critical of the common assumptions in economic analysis that buyers, sellers, producers and the economist all know every relevant thing about the economy? d. What, in summary, does Hayek mean by the quoted statement? 1.2. What, according to Hayek, is the information needed to operate effectively in a complex market economy? a. What does Hayek mean by “planning”? b. What is the minimum information needed by economic planners and individuals? c. Does the minimum differ for planners and for individuals? How? Why? d. What happens when some individuals possess more information than other individuals? e. What does Hayek mean when he says (H.16) “…the sort of knowledge with which I have been concerned is knowledge of the kind which by its nature cannot enter into statistics and therefore cannot be conveyed to any central authority in statistical form”? f. Why, according to Hayek, can the “information problem” be solved by “the price system”? 1.3. Why, according to Hayek, is the true function of the price system the communication of information? a. Why does Hayek use the term ‘marvel’ in his discussion of the economy of knowledge? b. What does Hayek mean when he says (H.26) “…man has been able to develop that division of labor on which our civilization is based because he happened to stumble upon a method which made it possible”? Read Robert Lucas’ “Some Macroeconomics for the 21st Century” in the Journal of Economic Perspectives. (Skip the appendix.) All four of these links go to the same article. Some of the links might not be accessible to you, but I think that at least one of them should work for all of you. https://www.aeaweb.org/articles.php?doi=10.1257/jep.14.1.159 http://www.jstor.org/stable/2647059 http://www.econ.psu.edu/~aur10/Econ%20570%20Fall%202009/Lucas%20JEP%202000.pdf http://faculty.georgetown.edu/mh5/class/econ102/readings/Macro_21st_Century.pdf 1. According to Lucas, why has the world’s economy grown so much since 1960? 2. According to Lucas, why do some nations grow faster than others? 3. According to Lucas, why will growth and inequality decrease in the next 100 years? 4. Is Lucas’ model in this paper “economics?” Read Greg Mankiw, Romer and Wiel’s article in The Quarterly Journal of Economics. http://www.econ.nyu.edu/user/debraj/Courses/Readings/MankiwRomerWeil.pdf 1. Many economists think the Solow Growth Model is of limited use. (One of my professors at OU stated that it took economists 50 years to figure out that their growth model has nothing to do with growth.) But does the Solow model give “…the right answer to the questions it is designed to address?” 2. Why is human capital important when testing the Solow model against the data? 3. Explain how the authors conclude that the incomes of the world’s nations are converging? Now that you’ve answered questions about Lucas and Mankiw et al separately, consider this question: Both of these papers develop the notion that the economies of the world’s nations will tend to “converge” over time. Compare and contrast the way(s) in which the papers advance the idea of convergence. Assignment Two Due Date July 24th This assignment is very straight forward. You’ll read two papers and answer questions about each of them. Read Krugman’s paper on unemployment http://www.kc.frb.org/PUBLICAT/ECONREV/EconRevArchive/1994/4Q94KRUG.pdf 1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe and the US? What is the evidence that Krugman uses to back his opinion? 2. What is the natural rate of unemployment? Why is it higher/rising in Europe? Again, what is the evidence? 3. What is the relationship between the rising unemployment in Europe and the rise in inequality in the US. (What does Krugman mean by inequality?) 4. What is NOT to blame for either the rise in unemployment or inequality? 5. What policies, if any, can be put into place to combat rising inequality/unemployment? 6. Are you convinced by Krugman’s argument which rules out globalization as the likely cause for high European unemployment and high US wage inequality? 7. Consider Table 2 in Krugman. Why does Krugman include Table 2 in his paper? In other words, what point is strengthened by the data in Table 2 and why is it crucial to Krugman’s larger thesis? NOW, recreate the data for Table 2 for either the UK or US for the latest year possible. Has anything changed as a result of the Great Recession? Read Thomas Sargent’s paper about the credibility of “Reaganonomics.” http://minneapolisfed.contentdm.oclc.org/cdm/ref/collection/p15334coll1/id/366 http://minneapolisfed.contentdm.oclc.org/cdm/singleitem/collection/p15334coll1/id/366/rec/1 You might like this: http://www.ispot.tv/ad/7Lj9/ally-bank-predictions-featuring-thomas-sargent 1. What is a dynamic game? 2. Why should we think of monetary and fiscal policy as dynamic game? Who are the players and what are the strategies? 3. When are government budgets inflationary? (Again, think in terms of a game.) 4. What are the consequences if the monetary authority does not coordinate with fiscal policy agents? 5. Has Sargent done of good job characterizing the interplay between policymakers in the government, the central bank, and the public? 6. What is the connection between policy coordination and credibility? 7. Why, according to Sargent, were Reagan’s fiscal and monetary policy regimes “incredible?” Explain carefully. Assignment Three Due Date July 31 Read Taylor, Miskin, Obstfeld and Rogoff. Answer the questions for each article, then answer the final cluster that requires you to consider Miskin, Obstfeld and Rogoff. Suggested due date: January 2nd. Read John Taylor’s article about monetary transmission mechanisms. http://web.econ.unito.it/bagliano/ecmon_readings/taylor_jep95.pdf Also, to understand traditional monetary policy, listen to this: http://www.econtalk.org/archives/2008/08/john_taylor_on.html These questions refer to the article, not the podcast. 1. How does monetary policy (or changes in monetary policy) affect output and inflation? In other words, what is the monetary policy transmission mechanism? 2. What is the importance of financial market prices in Taylor’s view? 3. What is the importance of rational expectations and rigidities in the prices of labor and goods? 4. What is a reaction function? Why is a reaction function important? 5. What is an “optimal monetary policy rule?” 6. Has the monetary transmission mechanism changed? How? 7. What are the criticisms of Taylor’s views? How does he respond? What do you think? Read Mishkin’s article about global financial instability. http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.3 1. What is a financial crisis? 2. How did adverse selection and moral hazard contribute to the financial crisis in Mexico and East Asia in the 1990s? What are adverse selection and moral hazard? 3. Did irresponsible monetary and fiscal policy contribute to the crisis in the 90s? Why or why not? 4. How is it possible for the IMF to help in a crisis when a domestic central bank might not be able to help. 5. What should the US learn (or have learned??) from the crisis in the 90s? Read Rogoff’s article about global financial instability. http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.21 http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.13.4.21 Answer the questions and place the answers in the appropriate drop box in WTClass. 1. According to Rogoff, is the status quo in international lending viable or not? Explain. 2. Can the IMF handle international financial crises? Why or why not? 3. Rogoff gives six solutions to save the global financial system (deep pockets lender of last resort, an international financial crisis manager, an international bankruptcy court, an international regulator, international deposit insurance corporation, and a world monetary authority.) What is wrong with all of these? 4. Can developing economies cope with speculative capital flows without help? Explain. 5. What will be (should be) the role that equity financing play in developing country projects? Read Obstfeld on Global Capital Markets: http://www.nber.org/papers/w6559.pdf 1. Look at table 1 and figure 1. How does Obstfeld use the data in that table to suggest that 1) markets became less open then more open in the 20th century. 2. What is the “openness trilemma?” What are the economic and/or policy trade-offs with having a global, open and integrated financial system? 3. How does economic integration impact a nation’s ability to tax capital? Can you think of some high profile cases in the news lately that illustrate this fact? (Hint: you should be able to.) 4. What is the international diversification puzzle? What market failures have arisen (if any) have arisen due to more integration and openness? Comparing Obstfeld, Miskin, and Rogoff 1. Would the authors’ advice about policies to reduce the costs of financial integration be the same? Why or why not? 2. Would the authors’ agree that we need an international regulatory body to stave off international financial crises? Why or why not? 3. What is your opinion? Is it good to have a global financial market? Why or why not? Assignment Four Due Date August 7 Straight forward assignment: Read and answer the questions. Read Arnold Kling’s history of the policies that created the great recession http://mercatus.org/publication/not-what-they-had-mind-history-policies-produced-financial-crisis-2008 1. Using only the executive summary, what does Kling think caused the Financial Crisis of 2008? (Use only one sentence.) 2. One page 5, what is “the fact?” and what does this “fact” mean to you? 3. Briefly summarize the four components of the Financial Crisis? 4. On page 10, Kling states, “These property bubbles (in the U.K. and Spain) cannot be blamed on U.S. policy.” How confident are you on that point? Is Kling wrong? 5. Kling’s matrix of causes, gives almost all weight to what two factors? What three factors are almost completely not responsible? 6. Many have blamed designer financial (my term) like CDS and CDO and the shadow banking system for the collapse. How do these fit into Kling’s narrative? 7. Outline the progression of policy that caused/responded to economic conditions in the 30s, 70s and 80s and 00s. 8. What role did the mortgage interest deduction have on housing market? 9. What institution invented and allowed the expansion of mortgage-backed securities? 10. What is regulatory arbitrage? 11. Why did the Basel agreement create an advantage for mortgage securitization? 12. Did the Federal Reserve (and presumably other regulatory agencies know and even encourage regulatory capital arbitrage? What author does Kling cite to establish this? 13. What did the 2002 modification of the Basel Rules do to capital requirements? (See figure 4) 14. Summarize the Shadow Regulatory Committee’s statement 160. 15. Did non market institutions, such as the IMF and Bernanke, think, in 2006, that financial innovation had make the banking sector more or less fragile? 16. What is time inconsistency? (You can look this up elsewhere.) 17. How might “barriers to entry” by related to “safety and soundness?” 18. A Curmudgeon is an old man who is easily annoyed and angered. He also complains a lot. (I had to look it up.) I think I’ll change my xbox gamertag to this word, but I’ll bet it is taken. 19. How did credit scoring and credit default swaps enlarge the mortgage securities market? 20. Why, up until 2007, did we think that monetary expansion was all that was needed to mitigate the impact of financial crises? 21. Suppose that financial markets are inherently unstable. What does this mean are two goals of regulation and regulators? 22. Why are type two errors so problematic? (Two reasons.) 23. How could we make the banking sector easy to fix? Assignment Five Due August 13 Read the linked lectures and answer the questions. Lecture 1 http://econlog.econlib.org/archives/2008/11/lectures_in_mac.html 1.1 Why do you think macroeconomic realities must be reconciled with microeconomic analysis? (This is not a rhetorical question, but it will be hard for you to answer. There is no “wrong” answer you could give. Just think about it for a few minutes.) Lecture 2 http://econlog.econlib.org/archives/2008/11/lectures_in_mac_1.html 2.1 Consider this article after you have read Hayek. How do prices and wages perform the function of “central planning?” 2.2 Kling makes that claim that, because most workers do not do manual labor anymore, the economy is different that it was in 1930. Assuming he is correct, do you think central planning would be harder today or easier? Why? Lecture 3 http://econlog.econlib.org/archives/2008/11/lectures_on_mac.html 3.1 Give a one sentence definition of structural unemployment, of frictional unemployment and of cyclical unemployment. Lecture 4 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_1.html 4.1 So, why does the economy adjust employment rather than wages? Lecture 5 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_2.html 5.1 Kling gives 5 reasons the DotCom recession was worse than the previous two recessions (at least in duration). Which reason do you think is the most compelling? Lecture 6 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_3.html 6.1 Why are Keynesian remedies (blunt fiscal and monetary policy measures) less appropriate in a post industrial economy, according to Kling? Lecture 7 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_4.html 7.1 Why is it so hard to separate finance and government, according to Kling? Lecture 8 http://econlog.econlib.org/archives/2008/11/lectures_on_mac_5.html 8.1 Why is American Express Travelers Checks so interesting? Do credit cards work in a similar way? (I really don’t know the answer to this one. I just know that credit cards have made travelers checks obsolete.) Lecture 9. http://econlog.econlib.org/archives/2008/12/lectures_on_mac_6.html 9.1 According to this article, why do we have banks (financial sector or financial intermediation?) Lecture 10 http://econlog.econlib.org/archives/2008/12/lectures_on_mac_7.html 10.1 Why are banks better than barter, according to this leture? 10.2 Politics tends to favor bailouts of failed firms. Why is this exactly wrong?

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