2 written I
1 People who risk their time, money, and other resources to start and manage a
. business are called entrepreneurs. How do entrepreneurs contribute to the
community they serve?
Entrepreneurs contribute to the community by creating jobs, produc
1 Define and explain effective communication. Why is it important in the business
Effective communication happens only when you transmit meaning relevant meaning to
Great communication must be dynamic, fluid and two way to in
1 Define ethics and describe the forces that shape an individuals ethical beliefs.
. Explain the relationship between ethics and the legal system.
Ethics refers to a set of Beliefs about right or wrong and bad. The quality of correctness
and righteous way
1 Explain how a firm increases shareholder value when it acts in a socially
. responsible manner.
When a company that socially responsible and respects the needs and good of its
With a work environment these workers have better moral and greater
1 How did the use of subprime mortgage loans contribute to the economic
The Subprime Mortgage Co. created lower interest rate loans with little or no money
down and only proof of income to qualify for home loans. Because the loans were lower
Describe the basic reasons people decide to pursue
Most people like the idea of owning their own business for these reasons.
Self fulfillment, from using own self skills and abilities, Financial to receive the profits,
1 Describe the tools used for measuring a nations international trade. Use these
. tools to describe the United States international trade experience over the past 30
Balance of trade
Balance of payments
Phones used Wo
What is the big picture in this research area?
Larger class sizes negatively effects student achievement.
How does this paper fit into the larger literature?
Sims was one of the first to look at externalities problem. How the later results are affec
Brian Jacob and Lars Lefgren (2007). What do parents value in education? An
empirical investigation of parents revealed preferences for teachers. Quarterly Journal
of Economics, 2007.
Before reading the paper, how would you have answered this question?
Externalities in the Classroom: How Children Exposed to Domestic Violence Affect
Everyones Kids by Scott E. Carrell and Mark L. Hoekstra, American Economic Journal:
What motivated this paper?
Bullying. Domestic violence increase in recen
Does it Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects
of College Type on Earnings by Dominic J. Brewer, Eric R. Eide, and Ronald G.
Ehrenberg. The Journal of Human Resources, Vol. 34, No. 1, Winter 1999, 104-123.
The Economics of High School Dropouts
Who drops out of high school?
Those close to the poverty line. Hispanics. Low-income families. 75% are born in America.
What are some nuances associated with measuring dropout rates?
Annual versus status dropout rates
Judging students will thrive with structure, clear instructions and consistency. A clear, detailed
outline with specific grading procedures is desirable. They do best with advanced plans without
surprises. They expect their instructors to follow their out