tag:blogger.com,1999:blog-76446824353174931022024-03-14T02:32:03.241-07:00chandler b. campbell econchandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-7644682435317493102.post-23149257083521379312011-01-24T05:57:00.000-08:002011-01-24T05:57:09.297-08:00Gini IndexOn the Gini Index, the United States has been rated 40.8. So that means that the nation has a little more equality than I thought. Yes the numbers should be lower, but compared to a number looking like 76.7. We are doing ok. But i do believe that the United States should try and have more equality. Many countries such as Finland are in the 20's and that is where we need to be.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-7350163366609625342011-01-24T05:50:00.000-08:002011-01-24T05:50:50.417-08:00Fight PovertyWorld Vision Organization<br />
CARE Organization<br />
Save the Children Organization<br />
<br />
I think the Northern Burlington Regional High School should donate/ raise money for the CARE organization "defending dignity, fighting poverty." Their mission is to serve families and individuals in the poorest communities in the world. CARE promotes innovative solutions and are advocates for global responsibility.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-84441504999722368542011-01-24T05:43:00.000-08:002011-01-24T05:43:20.742-08:00Future Me.. scenariosScenario 1- Frictional unemployment; I graduated from college last year to become a health care administrator. I worked there for a hospital for about 4 years. Then I had a change of heart. I decided that I want to be an occupational therapist. So i resigned from my health care administrator job from the hospital, and going to school for PT. At this time I am temporarily unemployed. <br />
<br />
Scenario 2- Cyclical unemployment; I work at a factory and I work for about six months, then the rise of barbie dolls drop and the factory does not have to make as many. So now I am currently unemployed to due the facts that the barbie doll industry is going down.<br />
<br />
Scenario 3- Seasonal Unemployment; During the summer months I work on a farm, plowing fields, harvesting, etc. But when the winter months come, I am out of a job until the next summer. Because there is not a lot of work you can do on a farm in the winter.<br />
<br />
Scenario 4- Structural Unemployment; I received a bachelors degree in music. I teach people how to play the harp. But unfortunately many schools do not offer the teaching of harps so finding a job is very difficult. At this time, I am temporarily unemployed.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-33517695723109625232011-01-19T06:43:00.000-08:002011-01-19T06:43:48.710-08:00wanted dead or alive...<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmPbZvnnmWEBscxqugBI9SG5ja9hsK5ktuVZRI3IeAF45V84OqPO8oTdLPl76n1pDrXm9iBneD_zDXszfL6RQKzjfSVzaDKMhNfNzoUJe9NBJsm54y7HDNWUzOD7njlBvh0ckpBlzWLPY/s1600/wanted+dead.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="295" n4="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmPbZvnnmWEBscxqugBI9SG5ja9hsK5ktuVZRI3IeAF45V84OqPO8oTdLPl76n1pDrXm9iBneD_zDXszfL6RQKzjfSVzaDKMhNfNzoUJe9NBJsm54y7HDNWUzOD7njlBvh0ckpBlzWLPY/s320/wanted+dead.JPG" width="320" /></a></div>chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-60910492926686914392011-01-19T06:32:00.000-08:002011-01-19T06:32:12.475-08:0015 quiz facts...- The Census Bureau conducts a monthly study called the Current Population Survey.<br />
- The most closely watched and highly publicized labor force statistic is the unemployment rate. <br />
-People who once held productive jobs but have given up looking for work are called marginally attached workers.<br />
-Unemployment attributed to workers moving from one job to another is called frictional unemployment. <br />
-Agricultural workers are usually affected by seasonal workers. <br />
<br />
- A supply shock is an event that increases the cost of production for all or many firms. <br />
-The worst degree of inflation is called hyperinflation.<br />
-High interest rates leads to less consumer spending.<br />
-Aggregate supply is the total amount is the total amount of goods and services produced through the economy. <br />
-As the value of the dollar decreases the purchasing power of people who rely on fixed income will fall.<br />
<br />
- The income gap between the riches and the poorest Americans was wider in the 1990's than at any other time since WW II. <br />
-The poverty theshold is the lowest income level that a family needs to maintain a basic standard of living. <br />
-Poverty thresholds are adjusted annually based on changes in the consumer price index.<br />
- The data used to ploy a Lorenz Curve can also be used to compute the Gini index.<br />
- A good way to improve the income equality is by raising the minimum wage.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-54300708883565581812011-01-18T07:41:00.000-08:002011-01-18T07:41:12.331-08:00Twitter Man- Be an investigatorFor the midterm the three websites that I would like to be able to use are...<br />
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<a href="http://ecedweb.unomaha.edu/home.cfm">http://ecedweb.unomaha.edu/home.cfm</a>- I like this website, because it teaches you concepts and lessons, and gives you project ideas to help aid in learning all about economics. <br />
<br />
<a href="http://www.westegg.com/inflation/">http://www.westegg.com/inflation/</a>- I would want to use this website, because it is all about inflations. That is something that we have learned over the course of this semester. So it would more than likely be useful on the midterm. <br />
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<a href="http://www.amosweb.com/cgi-bin/awb_nav.pl?s=gls">http://www.amosweb.com/cgi-bin/awb_nav.pl?s=gls</a>- I am interested in this website, because you can type in economic terms and they will give you the definitions. And economics is a lot of vocab. This is something that I would definetely want to use on the midterm. <a href="http://www.amosweb.com/">http://www.amosweb.com/</a> is probably the most useful out of the other to that I have picked.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-24187944718373949342011-01-13T06:49:00.000-08:002011-01-13T06:49:14.546-08:00Vocab...National Income Accounting- Process used for tracking production, income, and consumption in a nations economy.<br />
Gross Domestic Product- Total value of all final goods and services produced within a country in a given year.<br />
Output Expenditure Model- A method of computing the GDP by adding the total value of consumer and government spending...<br />
Personal Consumption Expenditure- Total spending by consumers for durable goods, nondurable goods, and services during a specified period of time. <br />
Gross Investment- Total value of private spending in the economy for capital assets.<br />
Nominal GDP- The value of a nations GDP at the current prices of the period being measured. <br />
Real GDP- The value of a nations GDP after it has been adjusted for inflation.<br />
Price Index- A set of statistics that allows economists to compare prices over time. <br />
Underground Economy- Illegal economic activities or unreported legal activities that are not accounted for in national income measures.<br />
Gross National Product- Total value of all final goods and services produced with factors of production owned by citizens of a different country. <br />
Business Cycle- A recurring pattern in economic activity that is characterized by alternating periods of expansion and contraction.<br />
Expansion- A period of the business cycle during which economic activity is increasing toward a peak.<br />
Peak-The point of the business cycle during which employment production and wages are at their highest. <br />
Contraction- A period in the business cycle during which business activity slows down and overall economic indicators decline.<br />
Recession- Substantial and general decline in over all business activity over a signifigant period of time.<br />
Depression- A prolonged and severe recession.<br />
Trough-The lowest point of the business cycle.<br />
Leading Indicators- Set of economic factors that anticipate the expansions and contractions of the business cycle from one month up to two years before similar changes in overall economic activity occur. <br />
Coincident Indicators- Set of economic factors that move up or down with the economy.<br />
Lagging Indicators- Set of E.F that help economicts predict the duration of economic up or downturns. <br />
Real GDP Per Capita-The $ value adjusted for inflation of all final goods and services produced per person in an economy in a given year.<br />
Labor Productivity- Measure of how much each worker produces in a given period of time.<br />
Productivity Growth- Increase in output per worker per hour worked. <br />
Capitol-to-labor- ratio- Amount of capital resources available per worker.<br />
Capital Deepening- The increasing of capital resources at a faster rate than the increasing of the labor force...chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-53446161076803877952011-01-03T06:45:00.000-08:002011-01-03T06:45:31.695-08:00Theory of business cycles...I feel the best digram is the one the that can explain real estate. Makes more since to me. I like how it takes you through the business side of real estate in twelve easy steps. And it was not something difficult either, just short simple but yet detailed just enough.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-5477947242025664592011-01-03T06:41:00.000-08:002011-01-03T06:41:50.847-08:00Theory of business cycles...<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUm8KzGS0aH-nfMRp3_ha5UXmDGhns-Sn7PQ6W8afNJeauzFRBxS6h65_eXxDsYTP1hPHa5B7l-12B5xX-WK-wCj_drgSOeca6qRepK0vypK8Ml5CgQ5skyprjgZx1uHIpunmcDibmzFL2/s400/economic+cycle.PNG" /><br />
Strengths: Detailed, more things to think about. <br />
Weakness: Since it is more detailed than the other two, it should explain a little more.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-63248694831326055042011-01-03T06:39:00.000-08:002011-01-03T06:39:47.873-08:00Theory of business cycles...<img src="http://images2.wikia.nocookie.net/__cb20100408035536/centralecon/images/f/f7/Business-cycle-graph-better.jpg" /><br />
Strengths: Easy to read. Simple<br />
Weakness: Seems repetative to me.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-21479701008890733992011-01-03T06:38:00.000-08:002011-01-03T06:38:26.041-08:00Theory of business cycles...<img src="http://irismgmt.com/images/ABCT.png" /><br />
Strengths: Short simple and to the point. Making it easier to understand.<br />
Weakness: I feel as though it is missing something,chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-44374014297159109562011-01-03T06:31:00.000-08:002011-01-03T06:31:11.316-08:00leading/coincident/lagging indicatorsLeading- This type of indicator signals useful events. For example, bonds are a good indicator for the stock market. As well as money supply. <br />
Coincident- This indicator occurs at approximately the same time as the conditions they signify. For example, your personal income. As well as interest rates. <br />
Lagging- This type of indicator follows an event. For example, unemployment. As well as industrial production.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-77863365497114918602010-12-21T06:28:00.000-08:002010-12-21T06:28:03.714-08:0010 factsThe most widely used NIPA is gross domestic product.<br />
To actually compute GDP, economists use the outpute expendinture model. <br />
Government transfer payments are not included when calculating government purchases. <br />
A price index is a set of statistics that allows economists to compare price over time. <br />
Illegal activities and unreported illegal activities are part of the underground economy. <br />
Economic indicators are collected by the U.S department of justice. <br />
War is an external factor that can affect the business cycle.<br />
Periods of expansion will eventually experience a trough. <br />
The business cycle is divided into six phases and/or stages. <br />
The contraction phase of a business cycle is a period of economic expansion and growth.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-54780972287504562182010-12-21T06:19:00.000-08:002010-12-21T06:19:51.762-08:00GDP FALSE LetterDear Mr.Gdp,<br />
GDP is a false indicator, becuase it does not take into consideration the black market where any money that is spent is not registered. Or domestic and volunteer work either. And it also does not measure the amount of human happiness and/or quality of life. I suggest you use another indicator such as GNP- Gross National-Product. <br />
<br />
Cheers,<br />
<br />
Chandler Bchandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-22975935895628238562010-12-20T17:38:00.000-08:002010-12-20T17:38:12.086-08:00GDPGDP=+I+G+C+(X-M)<br />
<br />
<br />
X-exports<br />
M-imports<br />
C-services and goods consumed<br />
G-government purchases<br />
I-Total Investmentschandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-65360311729355324472010-12-20T17:33:00.000-08:002010-12-20T17:33:15.303-08:00MacroeconomicsI think macroeconomics will be about the study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.<br />
<br />
What I find interesting about this topic is that it will have a general coverage of everything, for a basic understanding.<br />
<br />
Interested in learning about economic relationships, the business cycle, and economic growth.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-393357521244147752010-12-20T17:24:00.000-08:002010-12-20T17:24:24.846-08:00Malcom GladwellMalcom Gladwell is talking about what the American people want, and how things are decided, and how companies compete in the most simple way possible. He uses the example, Spaghetti Sauce. He basically explains that there is no good type, bad type, one type of spaghetti sauce, there is only one type of spaghetti sauce for each person. It is someones preference. There is no good or bad, just someones preference. Items like that are on a horizontal plane. I personally liked the video, it was easy to follow and made things a little more simpler.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-23845054257150250652010-12-20T06:32:00.000-08:002010-12-20T06:32:17.855-08:00technology<div align="center" class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><u><span style="font-size: 24pt; line-height: 115%;"><span style="font-family: Calibri;">Technology</span></span></u></i></b></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Technology has tremendously helped our class, and has somewhat improved our learning. I never thought that I would be graded on blogs instead of by turning in a piece of paper with my name on it. Everything we do now is on the computer. I like how our teacher will give us assignments and a due date and we can work at our own pace and turn it in on the computer. It makes since if you think about it. I mean you type a paper on the computer, print it out, and then turn it in to the teacher. But it makes more since to type a paper on the computer and turn the assignment in on the computer, why waste all that paper? </span></span></div>chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-71296289795201173102010-12-17T06:40:00.000-08:002010-12-17T06:40:12.876-08:00Semi Helpful Websites<a href="http://en.wikipedia.org/wiki/Monopoly">Monopoly info...helpful</a><br />
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<a href="http://tutor2u.net/economics/content/topics/monopoly/oligopoly_notes.htm">Oligopoly...helpful</a><br />
<br />
<a href="http://ingrimayne.com/econ/Introduction/Overview1.html">Economics</a><br />
<br />
<a href="http://en.wikipedia.org/wiki/Market_economy">Market economy</a><br />
<br />
<a href="http://en.wikipedia.org/wiki/Demand_(economics)">demand economics</a>chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-36386795077366743772010-12-10T06:35:00.000-08:002010-12-10T06:35:43.036-08:00gamehere is game for the laws. <a href="http://www.studystack.com/crossword-521984">http://www.studystack.com/crossword-521984</a>chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com1tag:blogger.com,1999:blog-7644682435317493102.post-61126547617336311472010-12-03T06:48:00.000-08:002010-12-03T06:48:33.585-08:00Monopoly Types...Natural- New Jersey Train Stations.<br />
<br />
Geographic- In certain places in Kentucky there is only one place to get food. The next place is miles away. <br />
<br />
Technological- Microsoft Windows OS.<br />
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Government- FDA.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com1tag:blogger.com,1999:blog-7644682435317493102.post-54543269868287210052010-12-03T06:31:00.000-08:002010-12-03T06:31:43.392-08:00Gas CartelIf the Government broke up the large Gas Cartel and allowed more people to sell it, then gas would be a lot cheaper. Gas prices are through the roof. Making it hard to go out and do a lot of things because we have to save gas as much as possible. Because we can't afford to put gas in the truck every few days. A few big name gas companies are South West gas, Bahrain Oil and Gas industry, and Saudi Aramco.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-85144123190776919832010-12-02T06:43:00.000-08:002010-12-02T06:43:25.517-08:00Quizes...So on the first quiz everything was pretty much common since. I got a few of the questions wrong. But that was only because they were looking for a specific answer. I gave the answer that was pretty much the same thing but not the word they were looking for. For example, one questions answer was identical and I put matching. <br />
A few things that I thought were important...<br />
<br />
Diamonds is where a cartel exists. <br />
A collusion is where a seller secretly agrees to set prices and/or product levels. <br />
Oligopoly is the most non competitive market in the United States. <br />
Breakfast Cereals is an example of an oligopoly in the United States. <br />
Laissez Faire is the philosophy that states that economic systems prosper when the government does not interfere with the market in any way. <br />
Interstate Commerce Act is the first anti trust law past. <br />
<span style="font-family: inherit; font-size: xx-small;"><span style="font-size: small;">The best known monopoly to be broken up as a result of the Sherman Anti Trust Act is the railroads.</span></span>chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-88131916126839837432010-12-01T06:48:00.000-08:002010-12-01T06:48:53.178-08:00Intro...Hi everyone my name is Chandler B. I am a proud member of the FFA and the FBLA. My favorite color is purple, i like to ride horses and four wheelers. My favorite type of music is country. I am writing this blog for my economics class.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0tag:blogger.com,1999:blog-7644682435317493102.post-3541268919639097112010-12-01T06:46:00.000-08:002010-12-01T06:46:30.404-08:005 Things...1.) Plane Tickets- Oligopoly<br />
In my opinion, I think that plain tickets is an example of oligopoly. I say this, because a certain company has control to regulate the prices. And they are all competing for one thing, customers.<br />
<br />
2.) Taco Bell- Monopolistic Competition<br />
I believe that Taco Bell is an example of monopolistic competition. I think this way, because Taco Bell could have a substitute. Many other industries or companies have the same service (fast food). <br />
<br />
3.) Tooth Brush-Monopolistic Competition<br />
A tooth brush is a wonderful example of monopolistic competition. Because there are hundreds of different types of tooth brushes. But they are all competing.<br />
<br />
4.) Gas- Oligopoly<br />
Gas is an oligopoly. I think this, because there are only a small group of sellers. There are not 100's of types of gas station, only a few. Examples being BP and Sunoco. <br />
<br />
5.) Purse- Monopolistic Competition<br />
There are thousands of different types of purses. Each seller wants to sell the most, and they are different prices for every purse. Ranging from $10.00 to $1500.00.chandlerhttp://www.blogger.com/profile/02100554578328923565noreply@blogger.com0