ECN150

This is the homepage for Professor McFall's ECN150 classes, Introduction to Economics, at Wake Forest. You'll find almost all course information and materials at this page.

Section I- Productivity and Costs

PPF Questions for 1/24

Budget Constraint HW for 1/26

For 1/29: Suppose Big Country can produce, at most, 50X or 60Y and that Small Island can produce, at most, 20X or 10Y. Assuming that both economies face constant opportunity costs, what is a terms of trade that makes both economies better off? Show that one of the economies is better off from trading compared to operating by itself.

Globalization Videos: Obama on Globalization Furman on Globalization Trump on Trade

PP on Trade and Income Inequality from 1/25 class

TAA Program

Tariffs are Regressive (from Council Econ Advisors)

NAFTA Renegotiated

Technology, Not Trade, is Chief Culprit of Job Displacement

Section II- Markets

Market Analysis HW for 2/7

Farm Auction

Monty Python, The Haggle

Ticket Scalping Story from '14 World Series

Labor Markets: Wage by Major

US Treasury Bond Interest Rates

For Monday 2/12: 1. Explain why an answer to the statement "Workers' wages will suffer because of technology" should include the phrase, "That depends." 2. China has been accused for years of manipulating foreign currency markets in order to maintain a weak renminbi, the country's currency. How would it achieve this objective, especially in the face of increased demand for investment in private firms in its economy?

Test 1 Sample

Test 1 Key

Firm Behavior

For 2/25: Complete the following table. Identify the amount of labor at which diminishing returns to labor sets in.