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Planet Money on “Bank Wars”

This podcast discusses the formation and dissolution of the second attempt at creating a central bank in the United states.

Enjoy all of the NPR Planet Money podcasts.  Here’s how they describe their podcast:

The economy, explained, with stories and surprises. Imagine you could call up a friend and say, “Meet me at the bar and tell me what’s going on with the economy.” Now imagine that’s actually a fun evening. That’s what we’re going for at Planet Money. People seem to like it.

Exam 1 – February 16

The first exam is approaching – February 16th.  The exam will be about 75% multiple choice and 25% short answer/problems. The following are reminders of how to and what to study.

For the multiple choice section of the test:

  • Read the text.  Key concepts at the back of end of the chapters are useful.
  • The Aplia quizzes directly test the textbook material.
  • Review the videos on the class website and take the quizzes on the class website.
  • Questions will also come from the non-textbook material we discussed: use the posts on the Course Blog as a guide to the key concepts that you should know for the exam.

For the short answer/problem section of the test:

  • Review video tutorials on class website
  • Do lesson assignments from class website.

The short answer/problem section of exam will test your ability to work with the numerical and graphical material: e.g. calculating real and nominal GDP, constructing a CPI type price index, working with the production function and the loanable funds model (the latter item is what we will cover this week).

There will be a review session in class on February 14th and don’t forget that our class TA, Melat, is holding office hours as well.

Enjoy!