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Course: POLSCI 1123, Spring 2011School: Oklahoma State
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EconomistsSeeWastedOpportunity RikkiNorton USATodayMarch11,2010 ReferencetoPolicyAdvisorsinChapter2 SummaryandAnalysis:Twoverywellknowneconomistsareworriedaboutthefutureofthe UnitedStatesbecausetheyfeelasifthegovernmenthaswastedthefinancialcrisis.Bywasting thisfinancialcrisiswillinturncreateanotherfinancialcrisisinsteadofpreventingit.Thesetwo...
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EconomistsSeeWastedOpportunity RikkiNorton USATodayMarch11,2010 ReferencetoPolicyAdvisorsinChapter2 SummaryandAnalysis:Twoverywellknowneconomistsareworriedaboutthefutureofthe UnitedStatesbecausetheyfeelasifthegovernmenthaswastedthefinancialcrisis.Bywasting thisfinancialcrisiswillinturncreateanotherfinancialcrisisinsteadofpreventingit.Thesetwo economists,SimonJohnsonandJosephStiglitz,havebothwrittenbooksaboutthecurrent stateoftheeconomyandhowthegovernmentneedstocontroltheamountofpowerthatlarge banksnowhave.Theydiscusstopicssuchasbanksthatgrowtoobigtofail,assessingthe Volkerrule,protectingconsumersfromfinancialabuses,limitingthesizeoffinancialinstitutions, andpreventingtaxpayerbailouts.Johnsonsaidtothereporter,Whenyourfinancialsystemhas broughtyouintocrisis,youmustfixitaspartofwhatyoudotostabilizethesituation.When governmentsmissthewastedopportunityhistoryhasshowedthattheopportunitywill eventuallyshowupwithinanaverageof67yearslater;howevertherehasbeenmoredamage doneinthattimeframethenwouldhavehappenedhadtheynotwastedtheopportunity.Stiglitz saysthatthederivativesneedtobetakenoutofthefinancialinstitutionsthataretoobigtofail becausewhenitbackfiresonthemthetaxpayerswillalwaysbeheretobailthemout.President Obamaschiefeconomicadvisersdidnotseethiscomingbecausetheywereblindsidedby whattheythoughtwasgoodfinance.Botheconomistspredictthatanothercrisiswillfollow shortlyifthegovernmentdoesnotmakethenecessaryreformsbeforethiscrisisisover. Thisarticlerelatestothediscussionofpolicyadvisersinchapter2becausetheydiscussthe factthateconomistsalwayshavetwoanswerstoeverything.Economistswillusuallyalways havetwodifferenttypesofstatements:positiveandnormative.Mosttrueofthesetwotypesof statementsisthepositivestatementbecauseittellsyouwhatactuallyiswhereasnormative statementsaretellingyouwhatshouldbe.Thesetwoeconomistsinthisarticlediscusswith normativestatements,howevertheyalsodiscusswithpositivestatementsastowhattheyare actuallydoinginWashington. PersonalAnalysisandConclusion:Thisarticledescribestomeabrilliantidea,Ipersonally dobelievethatthereneedstobereformsmadetoourfinancialsystembecauseiftheydonot makethesereformsessentiallyourfinancialsystemisdoomed.Imeansurewecangetoutof thiscrisisbutiftherearenotanychangesmadethenwewillfallrightbackinthesamehole, anditwilltakeusjustaslongthesecondgoaroundtogetout.Chancesarethatthesereforms
couldsaveusfrommanymorefinancialcrisisalongwithmanyotherthings.
RikkiNorton
TheOilFactor NewsweekMay8,2006 ReferencetoSupplyandDemandinChapter4 SummaryandAnalysis:TheenergypolicythattheyUnitedStatestakeonisonethatisgood butnotnecessarilyastoughastheoneweneed.Cheapgasolinepricesmadetheusage skyrocketeverywhereinthe1990s.Americanshoweverknewthatoursuppliesofforeignoil werenotsecurebutstillusedasmuchaspossible.However,eventuallybetweentheUnited Statesandalloftheothernationstheyusedupthewholeentiresupply.Withthesupplygone therewasriskofrunningout,sowheneverthenewshitofinterruptiontothesupplypeople wouldraisetheirprices.Intheoilbusinesstherearenotanyfixedprices;mostpriceswill changewhileadeliverydriverisontheirwaytodropoffaloadofgasoline.Asthepriceof gasolineandoilrisethepriceoftheproductionprocesshasnotwhichhasmadetheoilindustry onethemajorindustriesinournation.Theyasmuchasdoubledtheyearlyrevenueswiththe increaseincost.Inhistorymostoilpriceincreaseshavecamealongwitharecession,many sayingthatitwasthereasonfortherecession.However,theoilpriceincreasewasnot,ifyou takealooktherecessionsalwaysstartedbeforethepriceincreaseandtheoilincreasewas alwayslessthanotherprices.TheserecessionswerecausedbyinflationandtheFEDsefforts totrytostopit.EverydaytheoilpricesaregoingupandAmericansarestillusingjustasmuch, whyonewouldask?Becausewehavecameupwithmoreefficientvehiclesandmoreenergy efficienthomes. Thisarticlerelatestosupplyanddemandinchapter4becausetheydiscussthattheybuyers andsellersdecidetheamountofagoodissuppliedandhowmuchisdemanded.Wellwithgas thesellerscanonlyproduceaspecificamountadayandsometimesthebuyersarewillingto buythatexactamountormoreaday.GasolineisahugecommodityintheUnitedStateswith becauseoftheneedforit. mostpeopleusingit,soiftheysupplytoitweretobecutoffthenthedemandwouldskyrocket PersonalAnalysisandConclusion:Thisarticleshinesalightonthereasonwhysome peopledonotcareabouttheirconsumptionofgasoline.Peoplewhowereusingitinthe1990s didnothavetoworryaboutahugepriceincreasefromdaytodayoreventhechanceof runningoutofthesupply.Whereastodaytheresachanceofgasbeingonepriceonedayand
yougotogetgasthenextanditstencentsmore.Ithinkthatasanationweneedmoreenergy efficientreformsmadeandIamaproudsupporterofthenewreformPresidentObamamade aboutthefuelefficiencyofvehiclesthatwillbeinfullforceby2016.
RikkiNorton
TheCostofDoingNothing FirstFocusDecember2008 ReferencetoGDPinChapter23 SummaryandAnalysis:TheUnitedStatesisintowhatonewouldcallaveryserious recession.Manyarepredictingthatthisrecessionwillhavefarrangedconsequencesonthis nation.Itispredictedthatwiththisrecession2.6to3.3millionchildrenwillfallintopoverty.If thesechildrenareallowedtofallintopovertythenthiswillcauseadramaticeffectfortheUS economy.Theestimatecostofthesechildrenbeinginpovertyis$1.7trillionovertheirentire lifetime.ThiswouldaffecttheGDPbyasmuchas0.27%eachyear,whichwouldadramatic loss.Itisestimatedthatchildrenwhoarespendingatleasthalfoftheirchildhoodinpovertywill earnanaverageof39%lessthantheaverageAmerican.Nottomentioniftheyareborninto povertytheywillsufferfromalackofqualityhealthcare.Childrenwhobornintopovertyin duringrecessionsareestimatedtospendatleasthalfoftheirchildhoodifnotmoreinpoverty. Thecostofchildrenbeingbornintopovertynotonlyharmsthembutharmsthewholeentire nation.ThewholenationisharmedbecauseofwhatitdoestoourGDPandhowitwillaffect ourfutureeconomy. ThisarticlerelatestoGDPinchapter23becauseitdiscusseswhetheritisagoodmeasureof economicwellbeing.Withthismanychildrenbeingjustbornintopovertyitwillhaveagreat effectontheeconomicwellbeingofthenation.ItestimatesthatitwouldonlyaffecttheGDPby asmuchas0.27%,itmaylooklikeasmallnumber,butsmallnumberscandodamagejustas wellasbignumbers.
PersonalAnalysisandConclusion:Thisarticleshowsjustexactlywhoallrecessionshurt. Thefactthatthesechildrenarejustnaturallybeingbornintopovertyisdisheartening.Ibelieve therearefartoomanypeopleinthisnationandinthisworldwhoareinpovertyandIpersonally believemorecanbedoneaboutitthenwhatiscurrentlybeingdone.Itcanbejustasingle persontryingtodosomethingaboutit,thenationasawholehastobewillingtoconquerthe problemofpoverty.
ConsumerPricesRiseonIncreasingFood,EnergyCosts WashingtonPostMay19,2005 ReferencetoCPIinChapter24 SummaryandAnalysis:Consumerpricesarejumpingfrommonthtomonthbutmostlyinthe foodandenergycosts.Duringthistimeframemostothercostswereflatandwerenotmoving aroundasmuchasthesetwocategories.Itwasstatedthatduringthisframeoftimethat inflationwasundercontrolandshouldstaythatway.TheirCPIrose3.5%inayearwhichwas mostlycausedbypricesofcrudeoil.ThecoreCPI,whichexcludesfoodandenergycostsdid notincreasehowever,itactuallyrose2.2%fromtheprecedingannualreport.Itwassaidthat inflationwouldflattenoutiftheenergypriceswouldcometoastabileposition.TheFEDhopes tokeepinflationcontainedbytheconstantrisinginterestrates.Whileconsumerpriceswere risingforsomegoodsandservicestheywerefallingforothers.Theworkersofthenationwere seeingchangesintheirpaychecksduetoinflationadjustmentwhichwouldhelpwiththerisein prices.Oneeconomistsaidthatunlesspeoplewerewillingtogiveupfoodandgastherewould betrueincreaseinpayforthem. ThisarticlerelatestoCPIinchapter24becausethischapterdiscusseshowtheymeasurethe costofliving.Theconsumerpriceindexmeasuresthechanges,soforthisarticleitwould measurethechangeinfoodandenergycosts.TheCPIinthisarticleraisesasdomostCPIs everyyear. PersonalAnalysisandConclusion:Inmyeyesapersonneverreallygetsapayincrease.For thesimplefactthatwhenyougetmoreofsomethingsomewhereyouhavetogivemorefor
RikkiNorton somethingelseinanotherplace,whichmakesyouractualincreasezero.Theconsumerprice indexcanbegoodatmeasuringthecostoflivinginsomeaspectsandbadinothers.Thereare definitelywaystodetermineitjustbysimplywatchingthefluxuationsoftheeconomy.
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Oklahoma State - POLSCI - 1123
Cameron Horton March 4, 2011 1. How do you get to be an elector? Each state is different in how they pick the electors, most political parties will nominate them at conventions and are picked because of their dedication. 2. What do electors do? Electors g
Oklahoma State - POLSCI - 1123
Rikki Norton Chapter 25 1. Why is productivity related to the standard of living? In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity. Productivity is the quantity of goo
Oklahoma State - POLSCI - 1123
Rikki Norton Chapter 261. What are the basic differences between bonds and stocks?The basic differences in a bond and stock are: -The sale of stocks is equity finance and the sale of bonds is debt finance -Stockholders are partial owners and bond holder
Oklahoma State - POLSCI - 1123
ONLINE COURSE QUIZ1. What is the policy on late work for this online course? What is the policy about make up exams? All assignments must be turned in on time and late work is not accepted. There are no make up exams.2. If I choose to wait until close t
Oklahoma State - POLSCI - 1123
Rikki Norton Microeconomics December 5, 2010 The Sysco Corporation Sysco first came into existence in 1970; they were providing their customers with on the go meals for people who didnt have time to eat at home. They operate in a very basic industry that
Oklahoma State - POLSCI - 1123
DearMr.Finnicum, MynameisCameronHorton,IamcurrentlyattendingbothOSUITandOSU OKCthissemester,andIwillbegraduatingfromOSUITthissemesteraswell,withan associatesdegreeinbusiness.Mystrengthsconsistofmostlyorganizationalskills whilemyweaknessesconsistofprocrast
Oklahoma State - POLSCI - 1123
CameronHorton IntroductiontoNutrition November17,2010 ChromiumPicolinate Summary: ThesupplementChromiumPicolinateclaimsthatitwillencourageweightloss,suppress yourappetite,buildmuscleandleanmass,hasbeenusedasanalternativetolower cholesterol,toimprovetheuse
Oklahoma State - POLSCI - 1123
RikkiNorton Myfirstassignmentonyourteamistoresearchacountrythatwouldbenefitustoproducea consumergoodthere.IhavechosenJapantobeacountryinwhichwewouldexcelinour producingcapabilitiesofthisgood.JapanislocatedineasternAsia,andisactuallyanisland thatislocatedb
Oklahoma State - POLSCI - 1123
Dear Mr. Finnicum, I would like to introduce myself, my name is Rikki Norton and I am a business major. I am currently attending both OSU-OKC and OSUIT, with the latter being my degree seeking school. I am enrolled in all online classes so that I can work
Oklahoma State - POLSCI - 1123
CameronHorton Macroeconomics Chapter1DiscussionQuestions 1.Inflationandunemploymentareatradeoffandmanyeconomicpoliciespushthemin oppositedirections.Changesindemandinfluencethecombinationofinflationand unemploymentthattheeconomyexperiencesintheshortrun. 2
Oklahoma State - POLSCI - 1123
CameronHorton Macroeconomics Chapter2QuestionsforReview 1.Economistsofferconflictingadvicebecauseofdifferencesinscientificjudgmentsorbecause ofdifferencesinvalues. 2.Onewayfamilyinteractswiththefactormarketisbyprovidinglabororland.Awaythatfamily interact
Oklahoma State - POLSCI - 1123
Rikki Norton CHAPTER 4 1. What is the difference between a change in demand and a change in quantity demanded? A change in demand is usually because of economic reasons, personal taste, or more identical products on the market where as change in quantity
Oklahoma State - POLSCI - 1123
Rikki Norton Chapter 23 1. GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain why some final goods and services a
Oklahoma State - POLSCI - 1123
Rikki Norton Chapter 241. In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI consists of 50 units of food and 10 units of clothing. Food 2004 price per unit 2005 price per unit $4 $6 Cl
Oklahoma State - POLSCI - 1123
CameronHorton InDefenseofDeficits TheNationMarch22,2010Vol.290Issue11 ReferencetoBudgetDeficitsinChapter26 SummaryandAnalysis:TheSimpsonBowlesCommissionwillsooncreateanattackon SocialSecurityandMedicare.Thisisbecausethepresidentwantstoendorseabigdeficit r
Oklahoma State - POLSCI - 1123
CameronHorton TheSeniorInflationDebate U.S.News&WorldReportPublishedSummer2010 ReferencetotheCostofLivingandCPIinChapter24 SummaryandAnalysis:TheSocialSecurityAdministrationhadannouncedthattheywould notpayacostoflivingadjustmentforthefirsttimein35yearsinO
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter1 QuestionsforReview(15) 1.Inflationandunemploymentarerelatedbecausewhenyouincreasetheamountofmoney beingcirculatedintheeconomyitincreasestheamountofspendingandthedemandforgoods andservices.Meanwhilehigherdemandcancausesu
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter2 QuestionsforReview(3,5,7,9,10) 3.Thedifferencebetweenapositivestatementandanormativestatementisthatapositive statementisdescriptiveandtellshowtheworldactuallyiswhileanormativestatementis prescriptiveandtellshowtheworlds
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter4QuestionsforReview(1,2,5,9) 1.Thesupplyscheduleisatablethatshowstherelationshipbetweenthepriceofagoodand thequantitysupplied.Whilethesupplycurveisagraphoftherelationshipbetweenthepriceof agoodandthequantitysupplied.Thes
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter5QuestionsforReview(1,2,6,8,9,10) 1.Ifthedemandiselasticthenasthepricerisesthetotalrevenuewillfall.Thiswillhappen becausethereductioninthequantitydemandedissogreatthatitmorethanoffsetsthe increaseinprice. 2.Elasticityhel
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter6DiscussionQuestions(2,4,5,6,7) 2.Theburdenofthetaxisdivideddependingoftheelasticityofdemandandsupplyofthe buyersandsellers.Theelasticityisthedegreetowhichademandorsupplycurvewillreacttoa changeinprice.Sowhenagoodistaxed
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter7DiscussionQuestions(1,2,3,5,6) 1.Twotypesofmarketfailuresaremarketpowerandexternalities.Marketpowercouldcause marketoutcomestobeinefficientbecauseitkeepsthepriceandquantityawayfromthe equilibriumofsupplyanddemand.Extern
Oklahoma State - POLSCI - 1123
Rikki Norton Microeconomics Chapter 8Questions for Review (1, 3, 4, 5) 1. The greater the elasticities of demand and supply, then the greater the deadweight loss of a tax will be. Since elasticity measures the response of quantity to a change in price, h
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter9QuestionsforReview(1,2,4,5,6) 1.Theunilateralapproachremovesitstraderestrictionsonitsownandthemultilateral approachgraduallyreducesitstraderestrictionswhileothercountriesdothesame.Anexample ofaunilateralapproachiswhenGr
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter10DiscussionQuestions(1,3,4,5,6) 1.AccordingtotheCoasetheoremyouandyourroommatewilleventuallybargainaboutthe smokingintheroomissue.Ifcleanairisworthmoreofavaluetoyouthensmokingisworthto yourroommatethentheresultwillbenos
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter11QuestionsforReview(1,2,3,4) 1.Acommonresourceisagoodthatisrivalinconsumptionbutisnotexcludable.Anexample ofacommonresourceiscommongrazingland.Withoutgovernmentinterventionpeoplewould usetoomuchortoolittleofagoodbecause
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter12QuestionsforReview(2,3,4,5,7,8) 2.Theburdenofataxtotaxpayersisgreaterthantherevenuereceivedbythegovernment becauseofadministrativeburdens.Anadministrativeburdenincludestheamountoftime taxpayersspendfillingoutformsforin
Oklahoma State - POLSCI - 1123
Rikki Norton Microeconomics Chapter 13 Questions for Review (1, 2, 3, 5, 8) 1. Economies of scale are the property whereby long-run average total cost falls as the quantity of output increases. Economies of scale normally arise because of high production
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter14QuestionsforReview(1,2,4,5,8) 1.Themarketsupplycurveisusuallymoreelasticinthelongruncomparedtotheshortrun becausetherewillbemoresellersinthemarketandmoreopportunitiestobuyinthelongrun. 2.Theconditionsunderwhichafirmwil
Oklahoma State - POLSCI - 1123
Rikki Norton Microeconomics Chapter 15 Questions for Review (1, 3, 7, 8) 1. There are two sets of problems that come to mind when discussing when regulators tell natural monopolies that they must set a price equal to the marginal cost. The first one is t
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter16 QuestionsforReview(1,4,5,6) 1.Priceisrelatedtoaveragetotalcostbecausetheyequaleachother.Priceisrelatedto marginalcostbecausepricewillexceedthemarginalcostcreatingprofitmaximization. 4.Advertisingwithnoapparentinformati
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter17QuestionsforReview(2,4,6,8) 2.Thenumberoffirmsinanoligopolywillaffecttheoutcomeofthemarketbymakingit resembleacompetitivemarket.Thepricewillapproachthemarginalcostandthequantity producedwillapproachthesociallyefficient
Oklahoma State - POLSCI - 1123
RikkiNorton Microeconomics Chapter18QuestionsforReview(1,4) 1.Oneeventthatcouldchangethesupplyoflaborisachangeoftaste,forexamplethe increaseofwomenworkingandlessstayingathome.Anotherexampleisimmigration,people movingtodifferentregionschangesthesupplyofla
Oklahoma State - POLSCI - 1123
RikkiNorton IntroductiontoNutrition November17,2010 St.JohnsWort SummaryandPersonalConclusion: St.JohnsWortwasfirstusedformedicinalpurposesinancientGreece;ithasyellow flowerswhichareusedtomaketeas,tablets,andcapsules.ThemainclaimsSt.JohnsWort hasitthatitt
Oklahoma State - POLSCI - 1123
ONLINE COURSE QUIZ1. What is the policy on late work for this online course? What is the policy about make up exams? All assignments must be turned in on time and late work is not accepted. There are no make up exams.2. If I choose to wait until close t
Bilkent University - BIOL - 100
Chapter 40A Tour of the CellPowerPoint Lectures for Biology: Concepts and Connections, Fifth Edition Campbell, Reece, Taylor, and SimonLectures by Chris RomeroCopyright 2005 Pearson Education, Inc. Publishing as Benjamin CummingsThe Art of Looking a
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Biology: Concepts and Connections, 5e (Campbell) Chapter 5: The Working Cell1) Many of the enzymes that control a firefly's ability to produce light energy from chemical energy are located A) in membranes. B) in the nucleus. C) within chloroplasts. D) ou
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Chapter 80The Cellular Basis of Reproduction and InheritancePowerPoint Lectures for Biology: Concepts and Connections, Fifth Edition Campbell, Reece, Taylor, and SimonLectures by Chris RomeroCopyright 2005 Pearson Education, Inc. Publishing as Benjam
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Last name Acun Agah Akbaba Akdoan Akyrek Alaka Alay Armaan Arslan Bekta Bellisoy Biler Cin elik etin etin oban Doan Dur Ekmeki Erol Glge Gleyz Glek Gray Kayaalp Korkmaz Korkmaz Kkayan Nalakan zen Polatkan Sarkaya Sezer Soyer afak ahin ahin ay entrk Takese
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Bilkent University - ENG - 102
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CS102Instructor: Assistant:Spring 2009 David DavenportDaniya ZamalievaProject Group2B~ Rise of Java~ Create Your Own DestinyDeep DesignEmre Nevayeshirazi, Yagz Salor, Berkay imek, Levent Gkin, Cenk CanpolatUser Interface Design Report( Second D
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PatientAutomationSystem PatientAutomationSystemPatientAutomationSystemisadesktopapplication,whichaimsto makeeasierlivesofhealthsector workersbystoringthegeneral informationaboutpatients.LogInpart Registrationpart ForgotPasswordpart ChangePasswordpar
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JavaCoding8Object-Oriented Design Example - The Card Game -DavidDavenportComputerEng.Dept., BilkentUniversity AnkaraTurkey.email:david@bilkent.edu.trIMPORTANTStudentsThispresentationisdesignedtobeusedinclassaspartofa guideddiscoverysequence.Itisnot