This is to request you to provide me your respective URL through the
comment box below. If your using a codename for your username, please do
indicate your real name. I have done a sample for you to follow.
I strongly encourage everyone to create your first post on any economic issue of your choice as early as now to avoid cramming.
I shall appreciate it greatly your prompt response on this matter.
NOTE:
YOU MIGHT BE WONDERING WHY YOUR COMMENT DOES NOT APPEAR
ON THE PAGE IMMEDIATELY AS YOU CLICK "POST COMMENT". THIS IS PRETTY
NORMAL BECAUSE ANY COMMENT REQUIRES MY APPROVAL. THUS, ONLY DO IT ONCE.
THANKS! : ]
Tuesday, September 3, 2013
Tuesday, June 4, 2013
Those who wish...
I just find it inefficient to post all the scores in your examinations since not everybody from class is visiting the blogsite. Thus, I am encouraging those who would like to know their examination scores during the entire summer term.
Please let me know by giving me your email add thru the comment box below.
Thanks and enjoy your summer break! :)
Please let me know by giving me your email add thru the comment box below.
Thanks and enjoy your summer break! :)
Tuesday, May 21, 2013
Take Home Quiz
Answer the following questions on 1/4 size of yellow paper. Write only the letter that corresponds to the correct answer.
To be submitted on the 23rd of May 2013, Thursday.
1.Fiscal policy is carried out primarily by:
A) the Federal government. C) state governments alone.
B) state and local governments working together. D) local governments alone.
2. Fiscal policy refers to the:
A) manipulation of government spending and taxes to stabilize domestic output, employment, and the
price level.
B) manipulation of government spending and taxes to achieve greater equality in the distribution of
income.
C) altering of the interest rate to change aggregate demand.
D) fact that equal increases in government spending and taxation will be contractionary.
3. Contractionary fiscal policy is so named because it:
A) involves a contraction of the nation's money supply.
B) necessarily reduces the size of government.
C) is aimed at reducing aggregate demand and thus achieving price stability.
D) is expressly designed to contract real GDP.
4. Assume that aggregate demand in the economy is excessive, causing demand-pull inflation. Which of the
following would be most in accord with appropriate government fiscal policy?
A) an increase in Federal income tax rates
B) an increase in the size of income tax exemptions for each dependent
C) passage of legislation providing for the construction of 8,000 new school buildings
D) an increase in soil conservation subsidies to farmers
5. In a certain year the aggregate amount demanded at the existing price level consists of $100 billion of
consumption, $40 billion of investment, $10 billion of net exports, and $20 billion of government
purchases. Full-employment GDP is $120 billion. To obtain price level stability under these conditions the
government should:
A) increase tax rates and reduce government spending.
B) discourage personal saving by reducing the interest rate on government bonds.
C) increase government expenditures.
D) encourage private investment by reducing corporate income taxes.
6. An appropriate fiscal policy for a severe recession is:
A) a decrease in government spending. C) appreciation of the dollar.
B) a decrease in tax rates. D) an increase in interest rates.
7. In an aggregate demand-aggregate supply diagram, equal decreases in government spending and taxes will:
A) shift the AD curve to the right. C) not affect the AD curve.
B) increase the equilibrium GDP. D) shift the AD curve to the left.
8. A contractionary fiscal policy is shown as a:
A) rightward shift in the economy's aggregate demand curve.
B) rightward shift in the economy's aggregate supply curve.
C) movement along an existing aggregate demand curve.
D) leftward shift in the economy's aggregate demand curve.
9. Refer to the above diagram, in which Qf is the full-employment output. A contractionary fiscal policy
would be most appropriate if the economy's present aggregate demand curve were at:
A) AD0 B) AD1 C) AD2 D) AD3
10. Refer to the above diagram, in which Qf is the full-employment output. An expansionary fiscal policy
would be most appropriate if the economy's present aggregate demand curve were at:
A) AD0 B) AD1 C) AD2 D) AD3
11. Refer to the above diagram, in which Qf is the full-employment output. If the economy's present aggregate
demand curve is AD2:
A) the most appropriate fiscal policy is an increase of government expenditures or a reduction of taxes.
B) the most appropriate fiscal policy is a reduction of government expenditures or an increase of taxes.
C) government should undertake neither an expansionary nor a contractionary fiscal policy.
D) the economy is achieving its full capacity output.
12. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD0, it is experiencing:
A) a positive GDP gap. B) a negative GDP gap. C) inflation. D) an adverse supply shock.
13. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD3, it is experiencing:
A) a positive GDP gap. B) a negative GDP gap. C) a recession. D) cost-push inflation.
14. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD0, it would be appropriate for the government to:
A) reduce government expenditures and taxes by equal-size amounts.
B) reduce government expenditures or increase taxes.
C) increase government expenditures or reduce taxes.
D) reduce unemployment compensation benefits.
15. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD3, it would be appropriate for the government to:
A) reduce government expenditures and taxes by equal-size amounts.
B) reduce government expenditures or increase taxes.
C) increase government expenditures or reduce taxes.
D) reduce unemployment compensation benefits.
16. If the government increases its spending during recession to assist the economy, the funds for such
expenditures must come from some source. Which of the following sources would be the most
expansionary?
A) additional taxes on personal incomes C) borrowing from the public
B) creating new money D) additional taxes on corporate profits
17. A major advantage of the built-in or automatic stabilizers is that they:
A) simultaneously stabilize the economy and reduce the absolute size of the public debt.
B) automatically produce surpluses during recessions and deficits during inflations.
C) require no legislative action by Congress to be made effective.
D) guarantee that the Federal budget will be balanced over the course of the business cycle.
18. Which of the following statements is correct?
A) Built-in stability only partially offsets fluctuations in economic activity.
B) Built-in stability works in halting inflation, but it cannot alleviate unemployment.
C) Built-in stability can be relied on to eliminate completely any fluctuation in economic activity.
D) Built-in stability has eliminated the need for discretionary fiscal policy.
19. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. The equilibrium level of GDP in this economy:
A) is $400.
B) is greater than $400.
C) is less than $400.
D) cannot be determined from the information given.
20. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. If GDP is $400:
A) there will be a budget deficit. C) the budget will be balanced.
B) there will be a budget surplus. D) the macroeconomy will be in equilibrium.
21. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. The budget will entail a deficit:
A) at all levels of GDP. C) at any level of GDP below $400.
B) at any level of GDP above $400. D) only when GDP is stable.
22. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. In this economy:
A) tax revenues and government spending both vary directly with GDP.
B) tax revenues vary directly with GDP, but government spending is independent of GDP.
C) tax revenues and government spending both vary inversely with GDP.
D) government spending varies directly with GDP, but tax revenues are independent of GDP.
23. Billʹs income is $1,000 and his net taxes are $350. His disposable income is
A) $1,350. B) $650. C) -$350. D) $750.
24. The difference between what a government spends and what it collects in taxes in a year is
A) net revenue.
B) net taxes.
C) the government budget deficit or surplus.
D) the government debt.
25. In 2007, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2007, the city of
Miketown had a
A) budget surplus of $100,000. B) budget surplus of 57%.
C) budget deficit of $100,000. D) budget deficit of $200,000.
Bonus Question:
An economist who favors smaller government would recommend:
A) tax cuts during recession and reductions in government spending during inflation.
B) tax increases during recession and tax cuts during inflation.
C) tax cuts during recession and tax increases during inflation.
D) increases in government spending during recession and tax increases during inflation.
To be submitted on the 23rd of May 2013, Thursday.
1.Fiscal policy is carried out primarily by:
A) the Federal government. C) state governments alone.
B) state and local governments working together. D) local governments alone.
2. Fiscal policy refers to the:
A) manipulation of government spending and taxes to stabilize domestic output, employment, and the
price level.
B) manipulation of government spending and taxes to achieve greater equality in the distribution of
income.
C) altering of the interest rate to change aggregate demand.
D) fact that equal increases in government spending and taxation will be contractionary.
3. Contractionary fiscal policy is so named because it:
A) involves a contraction of the nation's money supply.
B) necessarily reduces the size of government.
C) is aimed at reducing aggregate demand and thus achieving price stability.
D) is expressly designed to contract real GDP.
4. Assume that aggregate demand in the economy is excessive, causing demand-pull inflation. Which of the
following would be most in accord with appropriate government fiscal policy?
A) an increase in Federal income tax rates
B) an increase in the size of income tax exemptions for each dependent
C) passage of legislation providing for the construction of 8,000 new school buildings
D) an increase in soil conservation subsidies to farmers
5. In a certain year the aggregate amount demanded at the existing price level consists of $100 billion of
consumption, $40 billion of investment, $10 billion of net exports, and $20 billion of government
purchases. Full-employment GDP is $120 billion. To obtain price level stability under these conditions the
government should:
A) increase tax rates and reduce government spending.
B) discourage personal saving by reducing the interest rate on government bonds.
C) increase government expenditures.
D) encourage private investment by reducing corporate income taxes.
6. An appropriate fiscal policy for a severe recession is:
A) a decrease in government spending. C) appreciation of the dollar.
B) a decrease in tax rates. D) an increase in interest rates.
7. In an aggregate demand-aggregate supply diagram, equal decreases in government spending and taxes will:
A) shift the AD curve to the right. C) not affect the AD curve.
B) increase the equilibrium GDP. D) shift the AD curve to the left.
8. A contractionary fiscal policy is shown as a:
A) rightward shift in the economy's aggregate demand curve.
B) rightward shift in the economy's aggregate supply curve.
C) movement along an existing aggregate demand curve.
D) leftward shift in the economy's aggregate demand curve.
9. Refer to the above diagram, in which Qf is the full-employment output. A contractionary fiscal policy
would be most appropriate if the economy's present aggregate demand curve were at:
A) AD0 B) AD1 C) AD2 D) AD3
10. Refer to the above diagram, in which Qf is the full-employment output. An expansionary fiscal policy
would be most appropriate if the economy's present aggregate demand curve were at:
A) AD0 B) AD1 C) AD2 D) AD3
11. Refer to the above diagram, in which Qf is the full-employment output. If the economy's present aggregate
demand curve is AD2:
A) the most appropriate fiscal policy is an increase of government expenditures or a reduction of taxes.
B) the most appropriate fiscal policy is a reduction of government expenditures or an increase of taxes.
C) government should undertake neither an expansionary nor a contractionary fiscal policy.
D) the economy is achieving its full capacity output.
12. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD0, it is experiencing:
A) a positive GDP gap. B) a negative GDP gap. C) inflation. D) an adverse supply shock.
13. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD3, it is experiencing:
A) a positive GDP gap. B) a negative GDP gap. C) a recession. D) cost-push inflation.
14. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD0, it would be appropriate for the government to:
A) reduce government expenditures and taxes by equal-size amounts.
B) reduce government expenditures or increase taxes.
C) increase government expenditures or reduce taxes.
D) reduce unemployment compensation benefits.
15. Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate
demand curve is AD3, it would be appropriate for the government to:
A) reduce government expenditures and taxes by equal-size amounts.
B) reduce government expenditures or increase taxes.
C) increase government expenditures or reduce taxes.
D) reduce unemployment compensation benefits.
16. If the government increases its spending during recession to assist the economy, the funds for such
expenditures must come from some source. Which of the following sources would be the most
expansionary?
A) additional taxes on personal incomes C) borrowing from the public
B) creating new money D) additional taxes on corporate profits
17. A major advantage of the built-in or automatic stabilizers is that they:
A) simultaneously stabilize the economy and reduce the absolute size of the public debt.
B) automatically produce surpluses during recessions and deficits during inflations.
C) require no legislative action by Congress to be made effective.
D) guarantee that the Federal budget will be balanced over the course of the business cycle.
18. Which of the following statements is correct?
A) Built-in stability only partially offsets fluctuations in economic activity.
B) Built-in stability works in halting inflation, but it cannot alleviate unemployment.
C) Built-in stability can be relied on to eliminate completely any fluctuation in economic activity.
D) Built-in stability has eliminated the need for discretionary fiscal policy.
billions. The equilibrium level of GDP in this economy:
A) is $400.
B) is greater than $400.
C) is less than $400.
D) cannot be determined from the information given.
20. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. If GDP is $400:
A) there will be a budget deficit. C) the budget will be balanced.
B) there will be a budget surplus. D) the macroeconomy will be in equilibrium.
21. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. The budget will entail a deficit:
A) at all levels of GDP. C) at any level of GDP below $400.
B) at any level of GDP above $400. D) only when GDP is stable.
22. Refer to the above diagram in which T is tax revenues and G is government expenditures. All figures are in
billions. In this economy:
A) tax revenues and government spending both vary directly with GDP.
B) tax revenues vary directly with GDP, but government spending is independent of GDP.
C) tax revenues and government spending both vary inversely with GDP.
D) government spending varies directly with GDP, but tax revenues are independent of GDP.
23. Billʹs income is $1,000 and his net taxes are $350. His disposable income is
A) $1,350. B) $650. C) -$350. D) $750.
24. The difference between what a government spends and what it collects in taxes in a year is
A) net revenue.
B) net taxes.
C) the government budget deficit or surplus.
D) the government debt.
25. In 2007, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2007, the city of
Miketown had a
A) budget surplus of $100,000. B) budget surplus of 57%.
C) budget deficit of $100,000. D) budget deficit of $200,000.
Bonus Question:
An economist who favors smaller government would recommend:
A) tax cuts during recession and reductions in government spending during inflation.
B) tax increases during recession and tax cuts during inflation.
C) tax cuts during recession and tax increases during inflation.
D) increases in government spending during recession and tax increases during inflation.
Film Viewing
Film Viewing on Market Structures
AVR, 9:15-10:45 AM/2:35-4:05 PM
May 22, 2013,Wednesday
Please
fill in the matrix with necessary information about the specified
topic. This may be done through writing any terminologies, concepts,
names of persons mentioned, or writing some thoughts/feelings about a
particular issue.
Film 1: Monopoly: Who’s in Control?
OIL
______________________________________
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Others: _______________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Film 2: Oligopoly
CARS
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AIRLINES
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Others: _______________________________________________________________________________________
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Monday, May 20, 2013
SYNTHESIZER 111 & 211
To be able to fully comprehend the presentation, the synthesizer takes a
vital role in bringing various scenes into one cohesive whole. Please
include all the activities that took place from the planning stage until the
actual presentation. To make it more realistic and appealing to
viewers, incorporate the pictures taken and videos captured. I highly
encourage you to follow the synthesis created by the previous batches.
If you are finished with it, please provide me your respective link of your output. The deadline of submission is on the 20th of May 2013, Monday at 11:59 PM. FAILURE TO MEET THE DEADLINE WOULD MEAN ZERO MARK.
Let me remind you that the actual ROLE PLAY inside the classroom is considered as your PRACTICAL EXAMINATION & PROJECT for Midterms, while the SYNTHESIS is your GROUP PROJECT for Finals.
I would appreciate your prompt response on this matter.
If you are finished with it, please provide me your respective link of your output. The deadline of submission is on the 20th of May 2013, Monday at 11:59 PM. FAILURE TO MEET THE DEADLINE WOULD MEAN ZERO MARK.
Let me remind you that the actual ROLE PLAY inside the classroom is considered as your PRACTICAL EXAMINATION & PROJECT for Midterms, while the SYNTHESIS is your GROUP PROJECT for Finals.
I would appreciate your prompt response on this matter.
CREATIVITY & EXCELLENCE IS THE NAME OF THE GAME!
Friday, May 3, 2013
Role Play 2013
ROLE PLAYING
Role playing is a clearly defined and
simple “situation” applicable to the problem or issue at hand, and has
written descriptions of the “roles” (characters) for participants to
play.
Below are possible topics to be considered in role playing:
ECON 111
* Elasticity
* Market Forces of Supply and Demand
* Marginalism or Cost-Benefit Analysis
*Cost of Production
ECON 211
*Components of GDP
*Business Cycle
*Microeconomics vs. Macroeconomics
ECON 211
*Components of GDP
*Business Cycle
*Microeconomics vs. Macroeconomics
Criteria for Judging
Execution 40%
Visuals/Props 20%
Audience Impact 5%
Originality 5%
Synthesis 30%
Key persons: Leader, Secretary, Documenter, Synthesizer
Leader
· initiates the conceptualization, discussion & organization of the role play.
· designates a specific task to members .
· assesses member’s contribution as a performer.
· reports to the teacher any uncooperative or irresponsible member.
Secretary
· takes notes of the minutes of the meeting.
· does the researches with or without the directive of the leader.
· monitors member’s attendance regularly.
Documenter
· photographs all significant activities occurred from pre-production to post presentation.
· videotapes the performances of the members during actual presentation.
Synthesizer
· creates
an informative and artistic synthesis of the role play, and associate
it with the documentation captured by the documenter.
Each group is given 8-20minutes to present its play.
Date of presentation is on the 5th of September.
To give you some ideas on how to conduct such, please click the following links.
Please be aware that the samples provided
for have different topics as yours. Therefore just used them as a guide
to your presentation.
CREATIVITY & EXCELLENCE IS THE NAME OF THE GAME!
Wednesday, March 20, 2013
Final Exam Result - E222 (235)
This is the official result of the Final Examination in ECON 222:
MICROECONOMICS THEORY AND PRACTICE, Second Semester, S.Y. 2012-2013.
The passing score is 34. The scores herein are are not yet added with
your respective additional points. I'm waiting for the beadle to forward
the said credits to me.
Please refer to your respective ID numbers to determine your score. The names that are revealed are those who only obtained a score of 40 and above in the said examination.
You may get the test paper on the 21th of March 2013, Thursday.
Please refer to your respective ID numbers to determine your score. The names that are revealed are those who only obtained a score of 40 and above in the said examination.
105723 - 20
CABISON, Joelle - 44
107660 - 32
105980 - 28
105627 - 35
105702 - 37
105364 - 33
107141 - 29
106433 - 37
105103 - 24
105052 - 34
INTING, Kezia - 43
105534 - 37
Kenneth John Arapoc - i dont have your ID no.
TATON, Leizel Mae - 47
105174 - 23
105901 - 29
105932 - 29
VEROY, Connee Louise - 41
CHIO, Judy Ann - 43
110039 - 38
104970 - 36
105349 - 26
MARAVILLA, Shiela - 41
104922 - 35
106376 - 36
104885 - 21
105489 - 36
106821 - 36
105382 - 39
105591 - 31
TE, Rachelle Angela - 42
104928 - 30
106128 - 28
105492 - 24
104946 - 31
103536 - 26
105030 - 39
106183 - 18
105283 - 33
105056 - 33
106375 - 37
You may get the test paper on the 21th of March 2013, Thursday.
CONGRATULATIONS TO THOSE WHO PASSED THE EXAM.
YOUR HARD WORK TRULY PAID OFF.
KEEP IT UP!:)
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