Assignments Economics

Econ Reading: Flying the Friendly Skies

Flying the Friendly Skies – DUE 2/1/2011 by beginning of class.

File: Flying the Friendly Skies

Assignment: Click Here

Sample Answers from Students:

How safe is too safe? Can we ever be safe enough?

Too safe is when the marginal costs outweigh the marginal benefits.  For example, if an airline installs an emergency door for every person onboard, that is a huge price tag on the airline for a small benefit for each passenger.  The only way that we can be safe enough is to not take the risks that come with anything like flying in a plane or driving in a car.

– Kayla C.

It cannot be exactly decided how safe is too safe. However, there is a way to decide when there is a logical and reasonable amount of safety to a particular issue by calculating whether the marginal benefits are greater than or equal to the marginal costs. In this way, we know that the amount of safety is a reasonable amount, but if the costs of safety outweigh the benefits of safety then it doesnt make sense to provide that much safety. In all reality, we can never be safe enough for our liking. Doing so would mean we would have to avoid making a choice altogether, because all choices come with costs and benefits. The costs are the risks we take in order to enjoy the advantages of our choices. People always accept some risks in order to enjoy the advantages we have in life, so realistically we can never be perfectly safe because there will always be some risk.

– Karli M.

Why do people die in accidents / incidents that seem avoidable, like skydiving?

People who skydive and waterski ignore the costs of doing these dangerous acts and only think  about the benefits. They choose to forget about the fact that these activities are life-threatening and dangerous. They only think about the fact that they will get a brief rush of adrenaline. In  their minds, that single benefit is worth the risk.

– Katie S.

People die in accidents that could be avoidable because they either don’t take the proper safety precautions or something goes wrong with their equipment. Sometimes malfunctions aren’t avoidable, but by doing any activity there is a risk of something happening to you.

– Kim Z.


Gladwell on Spaghetti Sauce

We saw this video today in econ class before the test. What do you think? Leave your comments below…

Assignments Economics

Chp 2 Essay Questions

Question #1: Why do we use models in teaching economics?

Question #2: Explain, in your own words, how the Circular Flow Model works, and what it describes. Make sure to include a few concrete examples in your explanation.

REMINDER: Your answers will be published here on Saturday. Make sure you check your spelling, grammar, and other mechanics. Also, make sure you put forth your best effort, since anyone will be able to see your answers, even 5 years from now when you’re applying for your first real job…

Assignments History

Chapter 12 Test Link

Here’s the link to chapter 12 test.

You will need to do two (2) things:

  1. Take the multiple choice test. (90 points)
    • Password is <  newdeal  >
    • ID = your period (only the number!)
  2. Write an essay. (10 points)
  3. Choose from the following essay prompts. Answer only one.
    1. How did relief legislation change from the First New Deal to the Second New Deal?
    2. What impressive physical legacy did the New Deal leave?
    3. How did the New Deal change the relationship between the people and the government?
    4. How did Franklin D. Roosevelt’s philosophy differ from Herbert Hoover’s?
    5. What did Works Progress Administration (WPA) workers do and how did the program affect their spirits?

This Day In History

  • February 10, 1996: Kasparov loses chess game to computer

    On this day in 1996, after three hours, world chess champion Gary Kasparov loses the first game of a six-game match against Deep Blue, an IBM computer capable of evaluating 200 million moves per second.  Man was ultimately victorious over machine, however, as Kasparov bested Deep Blue in the match with three wins and two ties and took home the $400,000 prize. An estimated 6 million people worldwide followed the action on the Internet.

    Kasparov had previously defeated Deep Thought, the prototype for Deep Blue developed by IBM researchers in 1989, but he and other chess grandmasters had, on occasion, lost to computers in games that lasted an hour or less. The February 1996 contest was significant in that it represented the first time a human and a computer had duked it out in a regulation, six-game match, in which each player had two hours to make 40 moves, two hours to finish the next 20 moves and then another 60 minutes to wrap up the game.

    Kasparov, who was born in 1963 in Baku, Azerbaijan, became the Soviet Union’s junior chess champion at age 13 and in 1985, at age 22, the youngest world champ ever when he beat legendary Soviet player Anatoly Karpov. Considered by many to be the greatest chess player in the history of the game, Kasparov was known for his swashbuckling style of play and his ability to switch tactics mid-game.

    In 1997, a rematch took place between Kasparov and an enhanced Deep Blue. Kasparov won the first game, the computer the second, with the next three games a draw. On May 11, 1997, Deep Blue came out on top with a surprising sixth game win–and the $700,000 match prize.

    In 2003, Kasparov battled another computer program, “Deep Junior.” The match ended in a tie. Kasparov retired from professional chess in 2005.

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How would you like your steak?

Just check, and go… makes me hungry!

From this cool website:

History News

US HIST Test Chp 12

Thursday, February 10th, 2011. Make sure you study tonight!

We meet in the IMC – go directly there!

Economics News

Econ Test Chp 2

Thursday, February 10th, 2011. Make sure you study tonight!

Economics Edtech

Economix: Economics on the Go


Published: February 9, 2011

More and more economists and their students are relying on mobile devices and the apps they provide in their work, an economist writes.

Read the rest here:


This Day In History

  • February 9, 1971: Satchel Paige nominated to Baseball Hall of Fame

    On this day in 1971, pitcher Leroy “Satchel” Paige becomes the first Negro League veteran to be nominated for the Baseball Hall of Fame. In August of that year, Paige, a pitching legend known for his fastball, showmanship and the longevity of his playing career, which spanned five decades, was inducted. Joe DiMaggio once called Paige “the best and fastest pitcher I’ve ever faced.”

    Paige was born in Mobile, Alabama, most likely on July 7, 1906, although the exact date remains a mystery. He earned his nickname, Satchel, as a boy when he earned money carrying passengers’ bags at train stations. Baseball was segregated when Paige started playing baseball professionally in the 1920s, so he spent most of his career pitching for Negro League teams around the United States. During the winter season, he pitched for teams in the Caribbean and Central and South America. As a barnstorming player who traveled thousands of miles each season and played for whichever team met his asking price, he pitched an estimated 2,500 games, had 300 shut-outs and 55 no-hitters. In one month in 1935, he reportedly pitched 29 consecutive games.

    In 1947, Jackie Robinson broke baseball’s color barrier and became the first African American to play in the Major Leagues when he joined the Brooklyn Dodgers. The following year, Paige also entered the majors, signing with the Cleveland Indians and becoming, at age 42, baseball’s oldest rookie. He helped the Indians win the pennant that year and later played for the St. Louis Browns and Kansas City A’s.

    Paige retired from the majors in 1953, but returned in 1965 to pitch three innings for the Kansas City A’s. He was 59 at the time, making him the oldest person ever to play in the Major Leagues. In addition to being famous for his talent and longevity, Paige was also well-known for his sense of humor and colorful observations on life, including: “Don’t look back. Something might be gaining on you” and “Age is a question of mind over matter. If you don’t mind, it doesn’t matter.”

    He died June 8, 1982, in Kansas City, Missouri.

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