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2000 Midterm I + Solutions
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Midterm examination for a class at MIT covering game theory and its applications to economics. The one-hour-and-twenty-minute open book examination asks open ended theoretical questions. The exam contains questions and solutions.

Subject:
Economics
Mathematics
Social Science
Material Type:
Assessment
Provider:
TeachingWithData.org
Provider Set:
TeachingWithData.org
Author:
Massachusetts Institute of Technology
Muhamet Yildiz
Date Added:
11/07/2014
ALTERNATIVE WAYS OF SHARING GOODS AND SERVICES
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CC BY-NC-ND
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This assignment is about exploring alternative ways of sharing goods and services and understanding the benefits, drawbacks, and implications of these methods. Students are asked to choose one of seven non-market distribution methods, such as majority rule, contests, force, first-come/first-served, sharing equally, lottery, and personal characteristics, and observe how it is implemented in real-life scenarios. They need to explain the distribution method, who benefits from it, who is excluded, and the advantages and disadvantages of using it. Students also have to find a real-life example of the chosen non-market distribution method, describe how it is used, and assess its fairness and efficiency. Lastly, they are required to include a citation and ensure their submission is no less than 180 words and comprises a list of cited works. The goal of the assignment is to better understand how goods and services are distributed and how these methods affect different groups of people.

Subject:
Cultural Geography
Economics
Finance
Marketing
Political Science
Psychology
Reading Informational Text
Material Type:
Homework/Assignment
Lesson
Module
Reading
Author:
Benjamin Troutman
Date Added:
03/13/2023
Adaptive Markets: Financial Market Dynamics and Human Behavior
Conditional Remix & Share Permitted
CC BY-NC-SA
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Economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Prof. Lo cuts through the debate in this course with a new framework—the Adaptive Markets Hypothesis—in which rationality and irrationality coexist.
Topics:

Introduction and Financial Orthodoxy
Rejecting the Random Walk and Efficient Markets
Behavioral Biases and Psychology
The Neuroscience of Decision-Making
Evolution and the Origin of Behavior
The Adaptive Markets Hypothesis
Hedge Funds: The Galapagos Islands of Finance
Applications of Adaptive Markets
The Financial Crisis
Ethics and Adaptive Markets
The Finance of the Future and the Future of Finance

As part of the Open Learning Library (OLL), this course is free to use. You have the option to sign up and enroll if you want to track your progress, or you can view and use all the materials without enrolling. Resources on OLL allow learners to learn at their own pace while receiving immediate feedback through interactive content and exercises.

Subject:
Business and Communication
Economics
Marketing
Social Science
Material Type:
Full Course
Provider Set:
MIT OpenCourseWare
Author:
Lo, Andrew
Date Added:
09/01/2022
Advertising: Dollars and Decisions
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Educational Use
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Consumers see or hear thousands of advertisements each day. The April 2017 issue of Page One Economics: Focus on Finance reviews advertising history and strategies ads use to create demand and influence consumer tastes and preferences.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Jeannette Bennett
Date Added:
09/11/2019
Afghan Poppies, Climate Change and War: Thinking Systemically About Us and Them
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CC BY-NC-SA
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This contemplative practice inquires into the complex web of interdependencies linking global climate change, the War on Terror, Afghan poppy production, opiate addiction, and food security through the lens of systems theory. The exercise challenges students to consider these linkages not only conceptually but also somatically and emotionally.

(Note: this resource was added to OER Commons as part of a batch upload of over 2,200 records. If you notice an issue with the quality of the metadata, please let us know by using the 'report' button and we will flag it for consideration.)

Subject:
Applied Science
Environmental Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teach the Earth
Author:
Karen Litfin
Date Added:
12/01/2021
The Aggregate Demand and Aggregate Supply Model
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Short explanation with graphical quiz to check understanding, on the changes in aggregate demand, short run aggregate supply and long run aggregate supply and the things that can change them.

Subject:
Economics
Social Science
Material Type:
Diagram/Illustration
Provider:
TeachingWithData.org
Provider Set:
TeachingWithData.org
Author:
Denis Kaufman
University of Wisconsin-Parkside
Date Added:
11/07/2014
Agricultural Economics and Business Management
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Educational Use
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Course provides students with the information and skills necessary for career success in agribusiness and in the operation of entrepreneurial ventures. Topics include economic principles, budgeting, risk management, finance, business law, insurance and resource management. Other possible topics are development of a business plan, employee/employer relations, problem solving and decision making, using computers. A survey of the careers within the agricultural industry is also incorporated. ** References to Common Core Standards are included as the first slide in each lesson's PowerPoint**

Subject:
Agriculture
Career and Technical Education
Material Type:
Activity/Lab
Homework/Assignment
Lesson Plan
Author:
New Mexico AgriScience Lesson Plan Library
New Mexico Agriculture Education Association & FFA
Date Added:
09/27/2023
Airplane Production: A Law of Diminishing Marginal Product Exercise
Conditional Remix & Share Permitted
CC BY-NC-SA
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Classroom experiment illustrating the law of diminishing marginal productivity through the production of paper airplanes.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Pedagogy in Action
Author:
Tisha Emerson
Date Added:
11/06/2014
American Consumer Culture
Conditional Remix & Share Permitted
CC BY-NC-SA
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This class examines how and why twentieth-century Americans came to define the “good life” through consumption, leisure, and material abundance. We will explore how such things as department stores, nationally advertised brand-name goods, mass-produced cars, and suburbs transformed the American economy, society, and politics. The course is organized both thematically and chronologically. Each period deals with a new development in the history of consumer culture. Throughout we explore both celebrations and critiques of mass consumption and abundance.

Subject:
Anthropology
Arts and Humanities
History
Philosophy
Social Science
Material Type:
Full Course
Provider Set:
MIT OpenCourseWare
Author:
Jacobs, Meg
Date Added:
09/01/2007
Analyzing and Accounting for Regional Economic Growth
Conditional Remix & Share Permitted
CC BY-NC-SA
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This course focuses on alternative ways in which the issues of growth, restructuring, innovation, knowledge, learning, and accounting and measurements can be examined, covering both industrialized and emerging countries. We give special emphasis to recent transformations in regional economies throughout the world and to the implications these changes have for the theories and research methods used in spatial economic analyses. Readings will relate mainly to the United States, but we cover pertinent material on foreign countries in lectures.

Subject:
Economics
Social Science
Material Type:
Full Course
Provider Set:
MIT OpenCourseWare
Author:
Polenske, Karen
Date Added:
02/01/2009
Analyzing the Last Five Years of the US Economy for an Intermediate Macro Course
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CC BY-NC-SA
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Intermediate students are asked to analyze data on the components of consumption and investment expenditures and explanatory variables based on textbook models of each. Students look for rough correlations between the explanatory and dependent variables.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Homework/Assignment
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Quantitative Writing (SERC)
Author:
Steven Greenlaw
Date Added:
08/28/2012
Anything but a tariff: Visualizing alternative policies for the small open economy
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CC BY-NC
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Word Count: 3417

Included H5P activities: 5

(Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)

Subject:
Economics
Social Science
Material Type:
Textbook
Date Added:
05/11/2023
Application of oral history to economics: Family Economic History
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CC BY-NC-SA
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Application of Oral History to Economics: Family Economic History The assignment will connect an oral history approach to the examination of economic concepts such as opportunity cost of attending school, economic crises (inflation and unemployment, etc.), and standard of living over time. Particularly, students will interview parents, grandparents, or family members from older generations regarding the types of work they performed, economic decisions they have made, and the economic conditions while they were growing up. The project develops a student's ability to understand and integrate these concepts from a variety of perspectives and real world situation.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Pedagogy in Action
Author:
Manijeh Sabi
Date Added:
11/06/2014
Applied Econometrics: Mostly Harmless Big Data
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CC BY-NC-SA
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This course covers empirical strategies for applied micro research questions. Our agenda includes regression and matching, instrumental variables, differences-in-differences, regression discontinuity designs, standard errors, and a module consisting of 8–9 lectures on the analysis of high-dimensional data sets a.k.a. “Big Data”.

Subject:
Applied Science
Computer Science
Economics
Engineering
Mathematics
Social Science
Material Type:
Full Course
Provider Set:
MIT OpenCourseWare
Author:
Angrist, Joshua
Chernozhukov, Victor
Date Added:
09/01/2014
Are the Greeks Villains if They Default on Their National Debt?
Unrestricted Use
CC BY
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What happens when governments default on their debts? In this video, Professor Garrett Jones of George Mason University uses the Greek government debt crisis to explain what happens when governments default on their debts and why it's not always a bad thing.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Institute for Humane Studies
Author:
Garrett Jones
Date Added:
10/31/2017
Ayn Rand: A Leading Lady of the Classical Liberal Tradition
Unrestricted Use
CC BY
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How should we understand Ayn Rand’s political philosophy? In this video, Professor Jennifer Burns of the University of Virginia argues that Rand belongs to the classical liberal tradition.

Subject:
Political Science
Social Science
Material Type:
Lecture
Lesson
Provider:
Institute for Humane Studies
Author:
Jennifer Burns
Date Added:
04/16/2011
Basic Monte Carlo Simulation for Beginning Econometrics
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CC BY-NC-SA
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Beginning econometrics students often have an uneven preparation in statistics. The simulation gives students a clearer understanding of the behavior of OLS estimators.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Simulation
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Betty J. Blecha
Date Added:
08/28/2012
Bayard Rustin: A Freedom Budget, Part 1
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Educational Use
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This audio excerpt captures the beginning of Bayard Rustin's 1967 "Freedom Budget" speech, describing the social and economic impact of racism over time.

Subject:
Economics
History
History, Law, Politics
Social Science
U.S. History
Material Type:
Activity/Lab
Provider:
PBS LearningMedia
Provider Set:
PBS Learning Media: Multimedia Resources for the Classroom and Professional Development
Author:
Birmingham Civil Rights Institute
Institute of Museum and Library Services
WGBH Educational Foundation
Washington University in St. Louis
Date Added:
05/06/2004
Beatrice's Goat
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Educational Use
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In this lesson, students listen to a story about Beatrice, a little girl from Uganda, who receives a goat and the impact of that goat on her family. They learn what it means to save and use estimation to decide whether or not people have enough money to reach a savings goal. They also work through a set of problems requiring that they identify how much additional money people must save to reach their goals. Students learn what opportunity cost is and identify the opportunity costs of savings decisions made by Beatrice and her family.

Subject:
Economics
English Language Arts
Social Science
Material Type:
Lesson
Lesson Plan
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Author:
Bonnie Meszaros
Mary C. Suiter
Date Added:
09/11/2019