Archive for September, 2010

Can computers replace teachers?

28 Sep

Here is a great article as well as links to some amazing TED talks about education.

Please have a look here.  It completely blew apart certain assumptions that I held true.

Milennium Development Goals

23 Sep

Hao found this article about the MDGs.  Have a look.

Also, here are two more stories from NPR (National Public Radio) about the UN meeting that is looking at the MDGs. The file should download directly into your itunes.

U.N. Leaders Assess Global Poverty-Reduction Goals

Measuring Progress On Global Development Goals

Economic Terms for Activities

23 Sep

This is just a review of the economic terms that we’ve covered in each activity.

Chocolate Bar

  1. Economic reasoning
  2. Allocation
  3. Choices
  4. Scarcity
  5. Paced (Economic decision making)


  1. Tradeoff
  2. Opportunity Cost

Black Death

  1. Scarcity
  2. Incentive
  3. Resources
  4. Income
  5. Choice
  6. Allocation

Resources in CA

  1. Factors of Production
  2. Human Resources
  3. Capital Resources
  4. Consumer Good
  5. Capital Good
  6. Natural Resources
  7. Entrepreneurship

Economic Mystery

  1. Economic Thinking
  2. Choice
  3. Cost
  4. Incentives
  5. Trade
  6. Consequences


  1. Profit
  2. Resources
  3. Costs of Production
  4. Loss
  5. Total revenue
  6. Inputs
  7. Producers
  8. Consumers
  9. Goods
  10. Services
  11. Marketplace
  12. Total Cost
  13. Invention Cost/Unit Cost

Oil Trading

  1. demand
  2. supply
  3. market clearing price / equilibrium price
  4. shortage
  5. surplus

Newspaper Headlines

  1. determinants of supply
  2. determinants of demand

Internal Capital Formation

22 Sep

A large percentage of a LEDCs’ population spends their income on the basic necessities and has little left over to save in banks.  Therefore, there is little funding available  for investment.  This helps to increase disparity between LEDCs and MEDCs as it is difficult to get loans that would help people develop the country from within.

A way of reducing this disparity can be found through Microloans.  Here people in MEDCs (or really any country) can financially support people and business in other countries (most often LEDCs).  Kiva is an excellent example.  Check it out!

According to Current Biology, Gamers make fasters decisions than non-gamers, and they are just as accurate.

22 Sep

Here is the link to an analysis of the study by Ars Technica.

MEDCs and Composite Indicators

15 Sep

Here is the table that shows composite indicators for a few MEDCs.  This is also on Ji Hyun’s blog.

LEDCs and Composite Indicators

15 Sep

Here is the data table for the LEDCs and composite indicators.

UNDP Country Information for Composite Indicators

15 Sep

This is that great site for raw data from 2009.

The Guy Who Traded a Red Paperclip for a House

14 Sep

Read about him here.

Canon sends workers home to have babies

06 Sep

Here is the article about Canon’s attempt to reduce overtime and increase the birthrate in Japan.

Mrs. Welbes Online

the better version of the real thing