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,
Here is a sample excel file. If you look at the draft worksheet, it shows you the data the way it comes out when it is downloaded from the World Bank data bank. If you look at the semifinal worksheet, you will see this one has large numbers before you formatted it. You don't want to have basically twp columns with same numbers, one is reduced and the other one is not reduced. If you look at the final worksheet, you will see the columns have fewer numbers and the column head reads billions instead of nothing. Final worksheet is what your data should look like. I will show you how to do it in class on Tuesday. You should still look at the table and be prepared to ask any question you might have about the assignemnt and formatting.
Click here for the sample data on Canada.
Assignment 3. More Country Data.
Lecture Notes
Economic Decisions in Market and Command Economies- Marginal Analysis and Efficiency
Efficient allocation of resources and the Industrial Revolution in England
Textbook
Textbook: The Global Economy and Its Economic Systems by Gregory and Stuart: South-Western Cengage Learning, 1st Edition: 2012, Price: 162.25 USD. Buy through Cengage-Brain or used
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.
Efficient allocation of resources and the Industrial Revolution in England
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
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