Assignment for 2:35 - 4:05 only

Assignment (one whole yellow paper)

Compute the appropriate elasticity of the following problems:

1. When the Shaffers had a monthly income of $4,000, they usually ate out 8 times a month. Now that the couple makes $4,500 a month, they eat out 10 times a month. Compute the couple's income elasticity of demand using the midpoint method. Explain your answer. (Is a restaurant meal a normal or inferior good to the couple?)

2. Recently, in Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result, the quantity demanded of Ho-Ho's decreased from 120 to 100. What would be the appropriate elasticity to compute? Using the midpoint method, compute this elasticity. What does your answer tell you?

3. If a 10% decrease in price for a good results in a 20% increase in quantity demanded, the price elasticity of demand is _______ .

 

Reaksyon Sa Dili Pa MuGraduate

One of the regular requirements of this subject is Reaction Paper. As agreed during class orientation, you are to submit it every last meeting of the month.

For those who are not graduating this coming March, the deadline of submission will be on January 31, Monday for MWF sked, and February 1, Tuesday for TTH sked.

Once you have created it, please provide me the direct link of your blogsite through the comment box below. Thanks!=D

Synthesis 111

Synthesis is one of the criteria for judging in role playing. It contributes 30% of the grade. In order for me to compute the final grade, I need the synthesis of the role play.

Only one member in the group will make it. However, co-members are highly encouraged to assist. It should give details on how the group conceptualized the acting, the scenes, the dialogues, etc., and the explanations on the key concepts of market economy during the actual performance. I suggest you include the photos and videos captured to make it more realistic and appealing to viewers.

CREATIVITY IS THE NAME OF THE GAME!

The deadline for this is on January 28, Friday. This is to give me ample time to prepare the midterm grade of those who are graduating students.

Please provide me the direct link of your output through the comment box below. Thanks!

Again, I commend all the performers for a job well done! You are all good actors and actresses. :-)

Reaksyon sa MuGraduate...

Since NOT everybody will be submitting on time, may I ask the graduating students who have already made their reaction paper to provide me the direct link of your blogsite by posting it in the comment box below. This is to facilitate me in checking the said requirement with ease.

As of this posting, the following names have already complied the above-mentioned paperwork:

         BANAAG,  Alexis
        SANTONIL, Cyrus
        BERENGUEL, Adrian
        ARCE, John Andrew
        CLEMENCIO, Joyce
        TORENO, Kenneth Royce
        BERMUDEZ, Eric Vincent
        TEVES, Baia
        CHUA, Jan-Raphael
        ESGANA, Maricris
        SANCHEZ, Marian Kirstie
        GERONIMO, Charmaine
        LIANG, Dave Ian
        REYES, Alvin Cesar
        PAREDES, Jan Edward
       ORQUEJO, Razelle Emerald
       LEONG, Andree Von Kepone
       CAPOCAO, Rovi Dear
       ROBIN, Sheena Joyce
       EDMILAO, Sherry Nikollette
       NEBRIJA, Adrian
       MILO, Kevin
       CARALOS, Jill
       BASOC, Jan Rodulf
       MILLIAMA, Marianne
       MIAYO, Froid Toti
       JAVIER, Robelle
       LIM, Karen
       APOLONIO, Angelo
       APOLINARES, Gene
       GERONIMO, Donnavie
       ANG, Justin Connor
       ARGUELLES, Philip
       CALAMBA, Ghia Niña
       HO, Basil
       ARSENAL, Bryne


Please check your designated blogsite for viewing of comments and score. Thanks!=D

iWrite, Vol. 1

I would like to distinguish the following persons who have composed exceptionally their Reaction Papers  among their classmates -- truly the best of the best. So I want to encourage you to keep on blogging as a student, and offer these fine articles to others. I believe that through this medium, your writing & thinking skills will be honed fully for a greater achievement in the future.

May I request the names shown to configure your 'Blog Readers Setting' to everybody so that viewers of this page can access your post.

Fritzie Lynne Sumando

Kevin Milo

Lora Mae Canastra

Philip Arguilles

Robelle Javier

Jimin Kim

Pamela Mae Togon

Laiza Mae Templanza

Jan Rodulf Basoc

Rovhie Jean Dulera

Kimberly Amora

Sue Aguado

Alex Lindayag

Charmain Geronimo

Lei Therese Lames

Cyrus Santonil

Stephen Mark Cundangan

Anj Nacorda

Argee Gumafelix

Mae Ann Otoc

Arliz Katrina Puzta

Hye Yoon Kim
Angelica Ajos
Samantha Lao 

Jimcris Wagas, You are also included in the list. It's just that I need to locate your direct link.

ECON111-7:40-8:40 ONLY!

Due to limitation of time, some students under this class schedule are not informed of their grades. Thus, I am providing such here. So than I will not be missing anybody, I'm listing the entire students of this class.

I'm using your school I.D. number to represent your name. This is to maintain the confidentiality of the information provided for.

STUDENT NO.           GRADE
102694                              87%
103707                              79%
103177                              85%
103217                              87%
104411                              84%
100159                              80%
103819                              78%
103051                              89%
99479                                85%
89298                                77%
103342                              93%
104042                              80%
104133                              84%
100869                              78%
104234                              90%
107182                              74%
102621                              88%
104245                              83%
78064                                72%
102953                              73%
100460                              81%
100224                              82%
103858                              71%
102320                              95%
107258                              83%
103529                              90%
104058                              85%.
102913                              65%

ECON111-2:35-4:05 ONLY

This is to inform you of your advisory grade for schoolyear 2010-2011. I use your student I.D. number to represent your name here. This is to protect the confidentiality of the information provided for. If you have any questions, just drop a comment on this post.

STUDENT NO.                 GRADE

103534                                   83%
96332                                     85%
96743                                     90%
97665                                     81%
96067                                     96%
96851                                     87%
62035                                     78%
107149                                   78%
97363                                     95%
96767                                     86%
97011                                     93%
94355                                     89%
100355                                   85%
96508                                     85%
96988                                     86%
102106                                   77%
102339                                   85%
97494                                    89%
104166                                  92%
96179                                    91%
97500                                    88%
97010                                    90%
90255                                    77%
97514                                    93%
97116                                    87%
97023                                    89%
100260                                  87%
96074                                    96%
96296                                    84%
98451                                    77%
97007                                    91%
98435                                    90%
96499                                    85%
97480                                    92%
96369                                    87%
107592                                  87%
97350                                    86%
96378                                    82%
107645                                  83%
104332                                  78%
104169                                  78%
96480                                    90%

Ang Mga Bright sa Klase!

THIS IS TO RECOGNIZE THE FOLLOWING STUDENTS WHO OBTAINED A PRELIM GRADE OF 90% AND ABOVE.

ECON 111 - 7:40 - 8:40

MAGLINTE, Jurilex                                95%
GUMAFELIX, Argee                              93%
CUNDANGAN, Stephen Mark              90%
SAAVEDRA, Kasandra Nhel                  90%

ECON222 - 12:25-1:25

DELA CRUZ, John Theodore                 91%
AJOS, Angelica Niña                              90%
DELA CRUZ, Mary Grace                     90%

ECON222 - 1:30-2:30

SUMANDO, Fritzie Lynne                    98%
 LUMANAG, Janine                             95%
PEREZ, Gem Louise                             95%
LUPIAN, Jechris Troy                          95%
 FERMILON, Ian Daniel                       95%
 CALUAG, Isa Herscell                        94%
PUSTA, Arliz Katrina                           94%
TEMPLANZA, Laiza May                   94%
SEBELLINO, Hanzel Dave                  94%
OBEDO, Vincent                                  93%
LAFUENTE, Rizka Ann                       93%
AGUADO, Sue Gertrude                     92%
AMORA, Kimberly                             91%
MATUTE, Maria Clariza                      91%
PAJARILLO, Joan Elizabeth                91%
MOZO, Natara Jean                            91%
CANASTRA, Lora Mae                     91%
ALONZO, Angelie Aprille                   90%
LAMES, Lei Therese                           90%
OTOC, Mae Ann Judelou                   90%
PLACER, Stephanie Jan                     90%
WAGAS, Jimcris                                90%

ECON111-11:00-12:30

LAO, Samantha                                  98%


ECON111-2:35-4:05

CHUA, Jan-Raphael                           96%
EDMILAO, Sherry Nikolette               96%
TEVES, Baia                                      95%
LIM, Karen                                         93%
MILO, Kevin                                      93%
KIM, Jimin                                           92%
APOLONIO, Angelo Miguel               92%
BASOC, Jan Rodulf                            91%
JAVIER, Robelle                                 91%
ARGUELLES, Philip Vrieni                  90%
CARALOS, Maria Johanna Jill             90%
SANCHEZ, Marian Kirstie                   90%
MILLAMA, Marianne                          90%


CONGRATULATIONS TO ALL OF YOU!..CARRY ON!=D

         

Course Outline - 111

...so that you can study the topics to be covered in Midterms ahead of time, I am listing them down for you.

* Demand & Supply
* Equilibrium
* Elasticity
* Household Behavior & Consumer Choice
* Budget Constraint and Indifference Curve
* Production & Theory of Costs
* Computation of Costs
* Profit Maximization
* Market Structures

Course Outline - 222

The topics enumerated below are the coverage for Midterms. I would be glad if you read them in advance.

* Consumer Surplus
* Producer Surplus
* Deadweight Loss
* Evaluation & Application of Economic Performance of Markets
* Cost
* Firms in Competitive Markets
* Why Market Fails?