The Internet has created some of the world’s youngest billionaires, possibly in the shortest possible time scale, ever. Google the terms BBC News and the Internet Billionaire Rich List. Review the list of international Internet entrepreneurs. Could a consortium of these innovators be created to address the global e-waste issue? Yes, most of them are application developers; however, the devices which run their services are the growing concern. With their finances, what programs may be designed to make society aware? Please share your ideas on this possibility…. Also, share any leads on how to recycle our own e-waste.

The Internet has created some of the world’s youngest billionaires, possibly in the shortest possible time scale, ever. Google the terms BBC News and the Internet Billionaire Rich List. Review the list of international Internet entrepreneurs. Could a consortium of these innovators be created to address the global e-waste issue? Yes, most of them are application developers; however, the devices which run their services are the growing concern. With their finances, what programs may be designed to make society aware? Please share your ideas on this possibility…. Also, share any leads on how to recycle our own e-waste.

Yes, from their finance a program can be designed. Donating … Read More...
Watch the videos, and then answer the questions below. http://www.youtube.com/watch?v=kt6SYhX_Ymo http://www.youtube.com/watch?v=ka3yTfmyjAw Building Justice Which of the following is true of the International Criminal Court (ICC)? A. It was the first court to try individuals for crimes against humanity. B. It was founded to prosecute Nazi war criminals. C. It is a permanent court with universal jurisdiction. D. It was created by a treaty that has been signed by all of the world’s nations. E. none of these options What distinguishes a “crime against humanity” from other kinds of crimes? A. Crimes against humanity involve government officials as perpetrators. B. Crimes against humanity target particular ethnic groups. C. Crimes against humanity are punishable by the death penalty. D. Crimes against humanity involve attacks on civilians. E. all of these options An important goal of the ICC is to eliminate “impunity” for crimes, which means eliminating which of the following? A. the ability of perpetrators to obtain the weapons they need to commit the crimes B. the expectation of perpetrators that they can commit crimes without being punished C. the expectation of perpetrators that they can evade arrest by national authorities D. the ability of perpetrators to get a court-appointed lawyer if they are arrested and tried E. the ability of perpetrators to cross national boundaries and escape extradition Supporting a Strong International Justice System Which of the following is NOT a part of the emerging international justice system? A. local courts B. national courts C. regional courts D. international Courts E. United Nations tribunals Which of the following represents one of the major challenges faced by the ICC? A. increasing awareness of its cause B. obtaining more funding from the United Nations C. securing greater state cooperation with its activities D. apprehending and prosecuting Germain Katanga E. getting the United States to join

Watch the videos, and then answer the questions below. http://www.youtube.com/watch?v=kt6SYhX_Ymo http://www.youtube.com/watch?v=ka3yTfmyjAw Building Justice Which of the following is true of the International Criminal Court (ICC)? A. It was the first court to try individuals for crimes against humanity. B. It was founded to prosecute Nazi war criminals. C. It is a permanent court with universal jurisdiction. D. It was created by a treaty that has been signed by all of the world’s nations. E. none of these options What distinguishes a “crime against humanity” from other kinds of crimes? A. Crimes against humanity involve government officials as perpetrators. B. Crimes against humanity target particular ethnic groups. C. Crimes against humanity are punishable by the death penalty. D. Crimes against humanity involve attacks on civilians. E. all of these options An important goal of the ICC is to eliminate “impunity” for crimes, which means eliminating which of the following? A. the ability of perpetrators to obtain the weapons they need to commit the crimes B. the expectation of perpetrators that they can commit crimes without being punished C. the expectation of perpetrators that they can evade arrest by national authorities D. the ability of perpetrators to get a court-appointed lawyer if they are arrested and tried E. the ability of perpetrators to cross national boundaries and escape extradition Supporting a Strong International Justice System Which of the following is NOT a part of the emerging international justice system? A. local courts B. national courts C. regional courts D. international Courts E. United Nations tribunals Which of the following represents one of the major challenges faced by the ICC? A. increasing awareness of its cause B. obtaining more funding from the United Nations C. securing greater state cooperation with its activities D. apprehending and prosecuting Germain Katanga E. getting the United States to join

Watch the videos, and then answer the questions below. http://www.youtube.com/watch?v=kt6SYhX_Ymo … Read More...
ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

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Sex, Gender, and Popular Culture Spring 2015 Look through popular magazines, and see if you can find advertisements that objectify women in order to sell a product. Alternately, you may use an advertisement on television (but make sure to provide a link to the ad so I can see it!). Study these images then write a paper about objectification that deals with all or some of the following: • What effect(s), if any, do you think the objectification of women’s bodies has on our culture? • Jean Kilbourne states “turning a human being into a thing is almost always the first step toward justifying violence against that person.” What do you think she means by this? Do you agree with her reasoning? Why or why not? • Some people would argue that depicting a woman’s body as an object is a form of art. What is your opinion of this point of view? Explain your reasoning. • Why do you think that women are objectified more often than men are? • How does sexualization and objectification play out differently across racial lines? • Kilbourne explains that the consequences of being objectified are different – and more serious – for women than for men. Do you agree? How is the world different for women than it is for men? How do objectified images of women interact with those in our culture differently from the way images of men do? Why is it important to look at images in the context of the culture? • What is the difference between sexual objectification and sexual subjectification? (Ros Gill ) • How do ads construct violent white masculinity and how does that vision of masculinity hurt both men and women? Throughout your written analysis, be sure to make clear and specific reference to the images you selected, and please submit these images with your paper. Make sure you engage with and reference to at least 4 of the following authors: Kilbourne, Bordo, Hunter & Soto, Rose, Durham, Gill, Katz, Schuchardt, Ono and Buescher. Guidelines:  Keep your content focused on structural, systemic, institutional factors rather than the individual: BE ANALYTICAL NOT ANECDOTAL.  Avoid using the first person or including personal stories/reactions. You must make sure to actively engage with your readings: these essays need to be informed and framed by the theoretical material you have been reading this semester.  Keep within the 4-6 page limit; use 12-point font, double spacing and 1-inch margins.  Use formal writing conventions (introduction/thesis statement, body, conclusion) and correct grammar. Resources may be cited within the text of your paper, i.e. (Walters, 2013).

Sex, Gender, and Popular Culture Spring 2015 Look through popular magazines, and see if you can find advertisements that objectify women in order to sell a product. Alternately, you may use an advertisement on television (but make sure to provide a link to the ad so I can see it!). Study these images then write a paper about objectification that deals with all or some of the following: • What effect(s), if any, do you think the objectification of women’s bodies has on our culture? • Jean Kilbourne states “turning a human being into a thing is almost always the first step toward justifying violence against that person.” What do you think she means by this? Do you agree with her reasoning? Why or why not? • Some people would argue that depicting a woman’s body as an object is a form of art. What is your opinion of this point of view? Explain your reasoning. • Why do you think that women are objectified more often than men are? • How does sexualization and objectification play out differently across racial lines? • Kilbourne explains that the consequences of being objectified are different – and more serious – for women than for men. Do you agree? How is the world different for women than it is for men? How do objectified images of women interact with those in our culture differently from the way images of men do? Why is it important to look at images in the context of the culture? • What is the difference between sexual objectification and sexual subjectification? (Ros Gill ) • How do ads construct violent white masculinity and how does that vision of masculinity hurt both men and women? Throughout your written analysis, be sure to make clear and specific reference to the images you selected, and please submit these images with your paper. Make sure you engage with and reference to at least 4 of the following authors: Kilbourne, Bordo, Hunter & Soto, Rose, Durham, Gill, Katz, Schuchardt, Ono and Buescher. Guidelines:  Keep your content focused on structural, systemic, institutional factors rather than the individual: BE ANALYTICAL NOT ANECDOTAL.  Avoid using the first person or including personal stories/reactions. You must make sure to actively engage with your readings: these essays need to be informed and framed by the theoretical material you have been reading this semester.  Keep within the 4-6 page limit; use 12-point font, double spacing and 1-inch margins.  Use formal writing conventions (introduction/thesis statement, body, conclusion) and correct grammar. Resources may be cited within the text of your paper, i.e. (Walters, 2013).

The objectification of women has been a very controversial topic … Read More...
here is the video https://www.youtube.com/watch?v=760lwYmpXbc In his Prison Experiment, Professor Philip Zimbardo wanted to test the behavior of good people when they are put into evil places. In the short amount of time that his experiment ran, hid findings were shocking. The students who played the role of the guards became sadistic, and the students that who played the role of the prisoners became extremely stressed. McLaren explained to us that since the beginning of time, all humans have had an appetite for violence. McLaren also explains that in a world where violence is also a means of entertainment, it only adds to our appetite for violence. Think about how the information that McLaren shares and how it relates to the Stanford Prison Experiment. McLaren shares with us that name calling is the beginning stage of dehumanizing, and when one succeeds in name calling, we decide to extend our powers and become violent and uncaring. McLaren also uses many examples of the world’s history, specifically regarding religion and war. McLaren explains that the mentality of everyone that goes into war believes that their enemy deserves everything that they get. Compare McLaren’s findings with The Stanford Prison Experiment. Zimbardo concluded that his students (the good people) were defeated by the prison (the evil place). Can you think of a story or a situation where the good person overcame the evil place? Can one’s attitude and/or morality be so strong that it can allow you to overcome anything? The manner in which, the guard “John Wayne”, treated the prisoners was very controversial. Years later he admitted himself that he does regret his behavior, but could it be possible that he wasn’t acting? Is it true what prisoner 416 said? Can someone contribute to a role so much that it starts to show who you really are as a person? If we were put in the shoes of “John Wayne” would we have behaved the same? Are ethics totally thrown out the window when given that position of power?

here is the video https://www.youtube.com/watch?v=760lwYmpXbc In his Prison Experiment, Professor Philip Zimbardo wanted to test the behavior of good people when they are put into evil places. In the short amount of time that his experiment ran, hid findings were shocking. The students who played the role of the guards became sadistic, and the students that who played the role of the prisoners became extremely stressed. McLaren explained to us that since the beginning of time, all humans have had an appetite for violence. McLaren also explains that in a world where violence is also a means of entertainment, it only adds to our appetite for violence. Think about how the information that McLaren shares and how it relates to the Stanford Prison Experiment. McLaren shares with us that name calling is the beginning stage of dehumanizing, and when one succeeds in name calling, we decide to extend our powers and become violent and uncaring. McLaren also uses many examples of the world’s history, specifically regarding religion and war. McLaren explains that the mentality of everyone that goes into war believes that their enemy deserves everything that they get. Compare McLaren’s findings with The Stanford Prison Experiment. Zimbardo concluded that his students (the good people) were defeated by the prison (the evil place). Can you think of a story or a situation where the good person overcame the evil place? Can one’s attitude and/or morality be so strong that it can allow you to overcome anything? The manner in which, the guard “John Wayne”, treated the prisoners was very controversial. Years later he admitted himself that he does regret his behavior, but could it be possible that he wasn’t acting? Is it true what prisoner 416 said? Can someone contribute to a role so much that it starts to show who you really are as a person? If we were put in the shoes of “John Wayne” would we have behaved the same? Are ethics totally thrown out the window when given that position of power?

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Nature and Culture Prof. David Backes Catalog of Personal Property Our possessions have symbolic meaning, both in a personal sense and in a cultural sense. A good way to reflect on the meaning of ownership, and of our own consumption patterns, is to make a list of everything we own. And that is what you will do for this assignment. I want you to spend a few hours taking an inventory of your possessions, and making a reasonably detailed list of what you own. (If you own several dozen books, for example, write that down. But you don’t need to give an exact count, or list the titles and authors. ) Once you’ve made the list, I want you to look it over carefully, think about it, and type a page or two about the meaning of possessions in your life, now and in the future. Most of you are young enough that you don’t have too many possessions yet, but here are some questions I’d like you to think about and that may help you decide what to write about in your brief essay. • Do you think that your life would be happier if you had more money? Why? What income do you think you will need to fulfill your dreams? • Do you use student loans or credit cards to pay for things you want but don’t need? Do you worry about your ability to repay the amount you’ve borrowed? What does this say about the role of material possessions in your life? • Have you ever thought about how the things you buy and the things you do have an impact on the environment and also on the world’s poorest people? Do you think awareness of this will affect how you choose to live? Why? • To raise a similar point, but in a different way: when you are making buying decisions, do you consider whether the items are environmentally or socially friendly? Why? • Do you often feel rushed, with too much to do and not enough time to do it? How does your answer compare with your ideas about the amount of money you need to fulfill your dreams? • What’s more important to you? A high-paying job, or a job that is truly fulfilling? How does your answer compare with your ideas about the amount of money you need to fulfill your dreams? “We Americans are great on fillers, as if what we have, what we are, is not enough. We have a cultural tendency toward denial, but, being affluent, we strangle ourselves with what we can buy. We have only to look at the houses we build to see how we build against space, the way we drink against pain and loneliness. We fill up space as if it were a pie shell, with things whose opacity further obstructs our ability to see what is already there.” — Gretel Ehrlich —

Nature and Culture Prof. David Backes Catalog of Personal Property Our possessions have symbolic meaning, both in a personal sense and in a cultural sense. A good way to reflect on the meaning of ownership, and of our own consumption patterns, is to make a list of everything we own. And that is what you will do for this assignment. I want you to spend a few hours taking an inventory of your possessions, and making a reasonably detailed list of what you own. (If you own several dozen books, for example, write that down. But you don’t need to give an exact count, or list the titles and authors. ) Once you’ve made the list, I want you to look it over carefully, think about it, and type a page or two about the meaning of possessions in your life, now and in the future. Most of you are young enough that you don’t have too many possessions yet, but here are some questions I’d like you to think about and that may help you decide what to write about in your brief essay. • Do you think that your life would be happier if you had more money? Why? What income do you think you will need to fulfill your dreams? • Do you use student loans or credit cards to pay for things you want but don’t need? Do you worry about your ability to repay the amount you’ve borrowed? What does this say about the role of material possessions in your life? • Have you ever thought about how the things you buy and the things you do have an impact on the environment and also on the world’s poorest people? Do you think awareness of this will affect how you choose to live? Why? • To raise a similar point, but in a different way: when you are making buying decisions, do you consider whether the items are environmentally or socially friendly? Why? • Do you often feel rushed, with too much to do and not enough time to do it? How does your answer compare with your ideas about the amount of money you need to fulfill your dreams? • What’s more important to you? A high-paying job, or a job that is truly fulfilling? How does your answer compare with your ideas about the amount of money you need to fulfill your dreams? “We Americans are great on fillers, as if what we have, what we are, is not enough. We have a cultural tendency toward denial, but, being affluent, we strangle ourselves with what we can buy. We have only to look at the houses we build to see how we build against space, the way we drink against pain and loneliness. We fill up space as if it were a pie shell, with things whose opacity further obstructs our ability to see what is already there.” — Gretel Ehrlich —

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Fact Debate Brief Introduction Crime doesn’t pay; it should be punished. Even since childhood, a slap on the hand has prevented possible criminals from ever committing the same offense; whether it was successful or not depended on how much that child wanted that cookie. While a slap on the wrist might or might not be an effective deterrent, the same can be said about the death penalty. Every day, somewhere in the world, a criminal is stopped permanently from committing any future costs, but this is by the means of the death. While effective in stopping one person permanently, it does nothing about the crime world as a whole. While it is necessary to end the career of a criminal, no matter what his or her crime is, we must not end it by taking a life. Through this paper, the death penalty will be proven ineffective at deterring crime by use of other environmental factors. Definition: The death penalty is defined as the universal punishment of death as legally applied by a fair court system. It is important for it to be a fair legal system, as not to confuse it with genocide, mob mentality, or any other ruling without trial. Claim 1: Use of the death penalty is in decline Ground 1: According to the book The Death Penalty: A Worldwide Perspective by Roger Hood and Carolyn Hoyle, published Dec. 8th, 2014, the Oxford professors in criminology say “As in most of the rest of the world, the death penalty in the US is in decline and distributed unevenly in frequency of use” even addressing that, as of April 2014, 18 states no longer have a death penalty, and even Oregon and Washington are considering removing their death penalty laws. Furthermore, in 2013, only 9 of these states still retaining the death penalty actually executed someone. Warrant 1: The death penalty can be reinstated at any time, but so far, it hasn’t been. At the same time, more states consider getting rid of it altogether. Therefore, it becomes clear that even states don’t want to be involved with this process showing that this is a disliked process. Claim 2: Even states with death penalty in effect still have high crime rates. Ground 2: With the reports gathered from fbi.gov, lawstreetmedia.com, a website based around political expertise and research determined the ranking of each state based on violent crime, published September 12th, 2014. Of the top ten most violent states, only three of which had the death penalty instituted (Maryland #9, New Mexico #4, Alaska #3). The other seven still had the system in place, and, despite it, still have a high amount of violent crime. On the opposite end of the spectrum, at the bottom ten most violent states, four of which, including the bottom-most states, do not have the death penalty in place. Warrant 2: With this ranking, it literally proves that the death penalty does not deter crime, or that there is a correlation between having the death penalty and having a decrease in the crime rate. Therefore, the idea of death penalty deterring crime is a null term in the sense that there is no, or a flawed connection. Claim 3: Violent crime is decreasing (but not because if the death penalty) Ground 3 A: According to an article published by The Economist, dated July 23rd, 2013, the rate of violent crime is in fact decreasing, but not because of the death penalty, but rather, because we have more police. From 1995 to 2010, policing has increased one-fifth, and with it, a decline in crime rate. In fact, in cities such as Detroit where policing has been cut, an opposite effect, an increase in crime, has been reported. Ground 3 B: An article from the Wall Street Journal, dated May 28th, 2011, also cites a decline in violent, only this time, citing the reason as a correlation with poverty levels. In 2009, at the start of the housing crisis, crime rates also dropped noticeably. Oddly enough, this article points out the belief that unemployment is often associated with crime; instead, the evidence presented is environmental in nature. Warrant 3: Crime rate isn’t deterred by death penalty, but rather, our surroundings. Seeing as how conditions have improved, so has the state of peace. Therefore, it becomes clear that the death penalty is ineffective at deterring crime because other key factors present more possibility for improvement of society. Claim 4: The death penalty is a historically flawed system. Ground 4A: According to the book The Death Penalty: Constitutional Issues, Commentaries, and Case Briefs by Scott Vollum, published in 2005, addresses how the case of the death penalty emerged to where it is today. While the book is now a decade old, it is used for historical context, particularly, in describing the first execution that took place in 1608. While it is true that most of these executions weren’t as well-grounded as the modern ones that take place now, they still had no effect in deterring crime. Why? Because even after America was established and more sane, the death penalty still had to be used because criminals still had violent behaviors. Ground 4B: According to data from Mother Jones, published May 17th, 2013, the reason why the crime rate was so high in the past could possibly be due to yet another environmental factor (affected by change over time), exposure to lead. Since the removal of lead from paint started over a hundred years ago, there has been a decline in homicide. Why is this important? Lead poisoning in child’s brain, if not lethal, can affect development and lead to mental disability, lower IQ, and lack of reasoning. Warrant 4: By examining history as a whole, there is a greater correlation between other factors that have resulted in a decline in violent crime. The decline in the crime rate has been an ongoing process, but has shown a faster decline due to other environmental factors, rather than the instatement of the death penalty. Claim 5: The world’s violent crime rate is changing, but not due to the death penalty. Ground 5A: According to article published by Amnesty USA in March of 2014, the number of executions under the death penalty reported in 2013 had increased by 15%. However, the rate of violent crime in the world has decreased significantly in the last decade. But, Latvia, for example, has permanently banned the death penalty since 2012. In 2014, the country was viewed overall as safe and low in violent crime rate. Ground 5B: However, while it is true that there is a decline in violent crime rate worldwide, The World Bank, April 17, 2013, reports that the rate of global poverty is decreasing. In a similar vein to the US, because wealth is being distributed better and conditions are improving overall, there is a steady decline in crime rate. Warrant 5: By examining the world as a whole, it becomes clear that it doesn’t matter if the death penalty is in place, violent crime will still exist. However, mirroring the US, as simple conditions improve, so does lifestyle. The death penalty does not deter crime in the world, rather a better quality of life is responsible for that. Works Cited “Death Sentences and Executions 2013.” Amnesty International USA. Amnesty USA, 26 Mar. 2014. Web. 15 Mar. 2015. <http://www.amnestyusa.org/research/reports/death-sentences-and-executions-2013>. D. K. “Why Is Crime Falling?” The Economist. The Economist Newspaper, 23 July 2013. Web. 12 Mar. 2015. <http://www.economist.com/blogs/economist-explains/2013/07/economist-explains-16>. Drum, Kevin. “The US Murder Rate Is on Track to Be Lowest in a Century.”Mother Jones. Mother Jones, 17 May 2013. Web. 13 Mar. 2015. <http://www.motherjones.com/kevin-drum/2013/05/us-murder-rate-track-be-lowest-century>. Hood, Roger, and Carolyn Hoyle. The Death Penalty: A Worldwide Perspective. Oxford: Oxford UP, 2002. 45. Print. Rizzo, Kevin. “Slideshow: America’s Safest and Most Dangerous States 2014.”Law Street Media. Law Street TM, 12 Sept. 2014. Web. 12 Mar. 2015. <http://lawstreetmedia.com/blogs/crime/safest-and-most-dangerous-states-2014/#slideshow>. Vollum, Scott. The Death Penalty: Constitutional Issues, Commentaries, and Case Briefs. Newark, NJ: LexisNexis, 2005. 2. Print. Theis, David. “Remarkable Declines in Global Poverty, But Major Challenges Remain.” The World Bank. The World Bank, 17 Apr. 2013. Web. 15 Mar. 2015. <http://www.worldbank.org/en/news/press-release/2013/04/17/remarkable-declines-in-global-poverty-but-major-challenges-remain>. Wilson, James Q. “Hard Times, Fewer Crimes.” WSJ. The Wall Street Journal, 28 May 2011. Web. 13 Mar. 2015. <http://www.wsj.com/articles/SB10001424052702304066504576345553135009870>.

Fact Debate Brief Introduction Crime doesn’t pay; it should be punished. Even since childhood, a slap on the hand has prevented possible criminals from ever committing the same offense; whether it was successful or not depended on how much that child wanted that cookie. While a slap on the wrist might or might not be an effective deterrent, the same can be said about the death penalty. Every day, somewhere in the world, a criminal is stopped permanently from committing any future costs, but this is by the means of the death. While effective in stopping one person permanently, it does nothing about the crime world as a whole. While it is necessary to end the career of a criminal, no matter what his or her crime is, we must not end it by taking a life. Through this paper, the death penalty will be proven ineffective at deterring crime by use of other environmental factors. Definition: The death penalty is defined as the universal punishment of death as legally applied by a fair court system. It is important for it to be a fair legal system, as not to confuse it with genocide, mob mentality, or any other ruling without trial. Claim 1: Use of the death penalty is in decline Ground 1: According to the book The Death Penalty: A Worldwide Perspective by Roger Hood and Carolyn Hoyle, published Dec. 8th, 2014, the Oxford professors in criminology say “As in most of the rest of the world, the death penalty in the US is in decline and distributed unevenly in frequency of use” even addressing that, as of April 2014, 18 states no longer have a death penalty, and even Oregon and Washington are considering removing their death penalty laws. Furthermore, in 2013, only 9 of these states still retaining the death penalty actually executed someone. Warrant 1: The death penalty can be reinstated at any time, but so far, it hasn’t been. At the same time, more states consider getting rid of it altogether. Therefore, it becomes clear that even states don’t want to be involved with this process showing that this is a disliked process. Claim 2: Even states with death penalty in effect still have high crime rates. Ground 2: With the reports gathered from fbi.gov, lawstreetmedia.com, a website based around political expertise and research determined the ranking of each state based on violent crime, published September 12th, 2014. Of the top ten most violent states, only three of which had the death penalty instituted (Maryland #9, New Mexico #4, Alaska #3). The other seven still had the system in place, and, despite it, still have a high amount of violent crime. On the opposite end of the spectrum, at the bottom ten most violent states, four of which, including the bottom-most states, do not have the death penalty in place. Warrant 2: With this ranking, it literally proves that the death penalty does not deter crime, or that there is a correlation between having the death penalty and having a decrease in the crime rate. Therefore, the idea of death penalty deterring crime is a null term in the sense that there is no, or a flawed connection. Claim 3: Violent crime is decreasing (but not because if the death penalty) Ground 3 A: According to an article published by The Economist, dated July 23rd, 2013, the rate of violent crime is in fact decreasing, but not because of the death penalty, but rather, because we have more police. From 1995 to 2010, policing has increased one-fifth, and with it, a decline in crime rate. In fact, in cities such as Detroit where policing has been cut, an opposite effect, an increase in crime, has been reported. Ground 3 B: An article from the Wall Street Journal, dated May 28th, 2011, also cites a decline in violent, only this time, citing the reason as a correlation with poverty levels. In 2009, at the start of the housing crisis, crime rates also dropped noticeably. Oddly enough, this article points out the belief that unemployment is often associated with crime; instead, the evidence presented is environmental in nature. Warrant 3: Crime rate isn’t deterred by death penalty, but rather, our surroundings. Seeing as how conditions have improved, so has the state of peace. Therefore, it becomes clear that the death penalty is ineffective at deterring crime because other key factors present more possibility for improvement of society. Claim 4: The death penalty is a historically flawed system. Ground 4A: According to the book The Death Penalty: Constitutional Issues, Commentaries, and Case Briefs by Scott Vollum, published in 2005, addresses how the case of the death penalty emerged to where it is today. While the book is now a decade old, it is used for historical context, particularly, in describing the first execution that took place in 1608. While it is true that most of these executions weren’t as well-grounded as the modern ones that take place now, they still had no effect in deterring crime. Why? Because even after America was established and more sane, the death penalty still had to be used because criminals still had violent behaviors. Ground 4B: According to data from Mother Jones, published May 17th, 2013, the reason why the crime rate was so high in the past could possibly be due to yet another environmental factor (affected by change over time), exposure to lead. Since the removal of lead from paint started over a hundred years ago, there has been a decline in homicide. Why is this important? Lead poisoning in child’s brain, if not lethal, can affect development and lead to mental disability, lower IQ, and lack of reasoning. Warrant 4: By examining history as a whole, there is a greater correlation between other factors that have resulted in a decline in violent crime. The decline in the crime rate has been an ongoing process, but has shown a faster decline due to other environmental factors, rather than the instatement of the death penalty. Claim 5: The world’s violent crime rate is changing, but not due to the death penalty. Ground 5A: According to article published by Amnesty USA in March of 2014, the number of executions under the death penalty reported in 2013 had increased by 15%. However, the rate of violent crime in the world has decreased significantly in the last decade. But, Latvia, for example, has permanently banned the death penalty since 2012. In 2014, the country was viewed overall as safe and low in violent crime rate. Ground 5B: However, while it is true that there is a decline in violent crime rate worldwide, The World Bank, April 17, 2013, reports that the rate of global poverty is decreasing. In a similar vein to the US, because wealth is being distributed better and conditions are improving overall, there is a steady decline in crime rate. Warrant 5: By examining the world as a whole, it becomes clear that it doesn’t matter if the death penalty is in place, violent crime will still exist. However, mirroring the US, as simple conditions improve, so does lifestyle. The death penalty does not deter crime in the world, rather a better quality of life is responsible for that. Works Cited “Death Sentences and Executions 2013.” Amnesty International USA. Amnesty USA, 26 Mar. 2014. Web. 15 Mar. 2015. . D. K. “Why Is Crime Falling?” The Economist. The Economist Newspaper, 23 July 2013. Web. 12 Mar. 2015. . Drum, Kevin. “The US Murder Rate Is on Track to Be Lowest in a Century.”Mother Jones. Mother Jones, 17 May 2013. Web. 13 Mar. 2015. . Hood, Roger, and Carolyn Hoyle. The Death Penalty: A Worldwide Perspective. Oxford: Oxford UP, 2002. 45. Print. Rizzo, Kevin. “Slideshow: America’s Safest and Most Dangerous States 2014.”Law Street Media. Law Street TM, 12 Sept. 2014. Web. 12 Mar. 2015. . Vollum, Scott. The Death Penalty: Constitutional Issues, Commentaries, and Case Briefs. Newark, NJ: LexisNexis, 2005. 2. Print. Theis, David. “Remarkable Declines in Global Poverty, But Major Challenges Remain.” The World Bank. The World Bank, 17 Apr. 2013. Web. 15 Mar. 2015. . Wilson, James Q. “Hard Times, Fewer Crimes.” WSJ. The Wall Street Journal, 28 May 2011. Web. 13 Mar. 2015. .

Fact Debate Brief Introduction Crime doesn’t pay; it should be … Read More...
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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