06 October 2016
Globalization and International Development
1. Political Globalization: Political globalization is when there is governmental
action being taken place on a wide scale, global scheme. With this, re
Genetically Modified Organisms
As the members of Team 4, we are in strong opposition of the production and use
of genetically modified organisms, specifically crops that are unnaturally, genetically
enhanced. We share this view based on the following grou
ACES 101 - Fall 2014
Due: Nov 6/7 in class
Ethanol Debate and Paper
General Directions: This assignment must follow the General Guidelines for Assignments.
Remember to cite your sources and reference them! Po
What determines price elasticity?
To learn the determinants of price elasticity,
we look at a series of examples.
Each compares two common goods.
In each example:
Suppose the p
prices of both g
goods rise by 20%.
The good for which Qd falls
Why MPL Is Important
Recall one of the Ten Principles:
Rational people think at the margin.
When Jack hires an extra worker,
his costs rise by the wage he pays the worker
his output rises by MPL
Comparing them helps Jack decide whether he
Mankiw Chapter 7
Consumers, Producers and the
Efficiency of Markets
The allocation of resources refers to:
how much of each good is produced
which producers produce it
which consumers consume it
Welfare economics studies h
Mankiw Chapter 15
A monopoly is a firm that is the sole seller of a
product without close substitutes.
In this chapter, we study monopoly and contrast
it with perfect competition.
The key difference:
A monopoly firm has market
Long Run vs. Short Run
We know that if a firm is making a short-run loss
Stay in business if P AVC
Shut down if P < AVC
Would a firm continue to produce in the long run
if it were making losses?
i.e., would it renew the lease on its factor
Mankiw Chapter 17
Measuring Market Concentration
Concentration ratio: the percentage of the
markets total output supplied by its four largest
The higher the concentration ratio,
the less competition.
This chapter focuses on
Taking Advantage of our Resources
When I think of renewable resources, the first thing that comes to mind is water
(that could be because we had a lengthy talk over it in class). Hydropower usage is
becoming increasingly common in the far
Agriculture and fisheries generally required specific climate conditions. Though
occasionally increases in temperatures and CO2 can be a good thing for some plants,
there are other requirements necessary for the plants to properly grow. T
13 October, 2016
Worldview is defined as a global outlook or perception on a certain topic or idea.
This is rather important to me as a member of the college of ACES because within the
huge concept of a
06 Oct. 2016
Story Corps-ACES Contributions
As an animal science major, there are many people I have to look up to. As a
young child, I had always wanted to be a vet. Ive always had a pet in my life, thus my
22, September 2016
The use of DDT
In a third-world country, the issue of malaria is continuously becoming a more
and more pressing topic. Finding a way to compete against this rising problem has
become rather difficu
ACES 101 - Fall 2014
Extra Credit Assignment
Due: On or before Nov 20/21 in class
Student Organizations Worksheet
1. List the four College of ACES Student Organizations that you are most interested in:
[0.5 point each]