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Welcome to Econ 207 Fall 2014

Current Announcements

Updated on December 15, 2014

Here is the main essay question for your final.

Main essay question for your final.

Sample questions for shorter second essay.

I shall put up some more questions tomorrow.

Your final assignment is to compare and explain your country's socioeconomic indicators with its partner country assigned in class.

You got an email about the chapters covered in final.

Here is the Africa Assignment

Click here for instructions on how to do it.

Click here for the sample Excel spreadsheet.

The following are the various data tables.

 African Data and Vital Indicators for Algeria, Liberia, Niger, Eqypt, , Zimbawe and South Africa

Health Data for same

Doing Business Data for same

 

Reading for last week of classes.

Tuesday, Dec. 9:Chapter 14, Gregory and Stuart: Soviet Command Economy 381 421

Thursday, Dec. 11: Chapter 15, Gregory and Stuart China  425 465

Tuesday, Dec 11: Chapter 13, Gregory and Stuart: The Asian Model (Japan, & 4 Tigers), 339-379

 

 

 

Here is the Africa Assignment

Click here for instructions on how to do it.

Click here for the sample Excel spreadsheet.

Due the day of the final, December 18th.

The following are the various data tables.

 African Data and Vital Indicators for Algeria, Liberia, Niger, Eqypt, , Zimbawe and South Africa

Health Data for same

Doing Business Data for same

The final is comprehensive and will cover Heilbroner Chapters 1 - 7 including the topics I did not cover such as the rise of monopolies and legislation against imperfect competition. The vocabulary lists I gave you. The readings I assigned of the material I wrote and posted on the website including "efficiency", "pareto optimality", "the one man economy and his decisions on the allocation of his scarce resources", "the non-monetary indicators of a better life", growth models, the deminishing marginal returns, "the Malthusian dilemma", the role of technology in economic growth, the minimal conditions for economic growth, e.g., per capita output greater than minimum subsistence needs.

In Gregory and Stuart you are expected to know Chapters 1 - 5 and 10 "The Anglo-Saxon experience", the chapters on the Soviet experience and the Asian Experience as well as average total factor productivity model.

Know the following concepts from Gregory and Stuart: growth models, material balances for input output table, the problem of plan specification in terms of what is produced and the problem of providing incentives to workers and managers if everyone receives the same wage. Also recall the problems caused by "tight" annual economic plans, the resulting hoarding of excess materials, the reluctance to introduce new technology for the fear of disrupting the plan, the developmental of an horizontal economy that sends out staff members to sell excess materials held by their firm and to buy scarce materials not held by their firm.

Also recall the economies of Rome, and how they managed to afford such monuments and projects like the roadways and aquaducts. Why was the Roman economy not a "market economy"? What was required for an economy to become a "market economy"?  How did the market economies arise during the English Industrial Revolution? Why did the English Industrial Revolution take place?

What role did technology play in the English Industrial Revolution and the American industrialization (revolution)?

 

Read all for November 18 if you have not read them.  The Assignment II is due on Tuesday and Assignment 3 Due on Thursday, November 20

2. Non-economic indicators and welfare

The Assignment II is due on Tuesday

Financial Institutions and Policy of Your Country

This problems set is three pages single space and is due Thursday
December 20.

You may use Gregory and Stuart, Wikipedia and the Economist.

Final Assignment

Institutions needed for an effective modern mixed market economy

Economic Decisions in Market and Command Economies- Marginal Analysis and Efficiency

Efficient allocation of resources and the Industrial Revolution in England

My Notes on First Five Lectures

 Resource and Growth Model Notes by Prof. Dohan

Read Chapter 4 from Jones Macro on Residual and Unknowns in economic and social growth

 

Final for Eco 207 December 18

King 202

Includes Heilbroner Chapter 1-7, and Gregory and Stuart 1-5,...

 

Syllabus

Click the following link to get the full syllabus

 New Syllabus for 207 in process of being updated

The dates are still wrong but the concepts are right.

 

 Assignments for Second Mid-Term  

Tuesday November 25, 2014

My Notes on First Five Lectures

 Resource and Growth Model Notes by Prof. Dohan

Read Chapter 4 from Jones Macro on Residual and Unknowns in economic and social growth

                                                                                                      

Read about total factor productivity and changes in the field of Comparative Economics

Click here for the Jones book chapter.

Assignment 2A.  Read about your assigned country on Wikipedia and don't forget to take note

Assignment 2B.  Find data in rough form for GDP for your country using World Bank data

Assignment 3.  Reformat your GDP data. I will show you how to format the data in class on Tuesday,

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ECON_207_Sample Report_Template_

Final Assignment for Eco 207 Fall 2014, Prof. Dohan

Due at Time of Final

Financial Institutions and Policy of Your Country

Phrases and concepts for Eco 207 Final

 

 

Read: Outlines of my lectures on Monetary and Financial Systems for Econ 207

Comparative Economic and Financial Systems

 Vocabulary Study Guides for Final 207   

 

Institutions needed for an effective modern mixed market economy

VIP for essays in final: Institutions, Preconditions and Industrialization .

For example, lectures on measures of GDP, non-economic indicators, ancient economies, industrial revolution, market system, and weaknesses of market system.

The Robinson Crusoe Economy Economic Decisions in Market and Command Economies- Marginal Analysis and Efficiency

Efficient allocation of resources and the Industrial Revolution in England

 

Jones book chapter.  

Sample T/F, Concepts, People to Know, Definitions

  

Gregory-Stuart Vocabulary__1-2

The Global Economy and Its Economic Systems Gregory and Stuart, Chapters 1 and 2

The Making of Economic Society by Robert L. Heilbroner and William Milberg Chapters 1 -4

On Reserve

 

 

 

 

 

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