Fed Essay Contest Sources

In addition to the sources listed on the Fed's webpage (click here) here are some additional sources I have added.

• NEW 3/11: No degree, and big debt: 40% college dropout rate. Click here. 
• NEW 3/11: Khan Online Academy: the future of US education. 60 minutes this Sunday. Click here. 
• 40% of college students drop out. No degree, no skills, and lots of debt. Click Here. 
• NEW: Wow! 1996 Law School Grad's debt will exceed 1.5 Million by the time he retires. No Joke. Click here. 
• NEW: Unemployment Rates by College Major. Click here. Ranked by salary here. More, top 10 majors with the lowest unemployment rates, here.
• NEW: Georgetown Study: Economic Value of College Majors. Click here. 
• NEW: A three year degree at the U of M? The U President wants it. Click here. 
• NEW: Harvard's Outrageously Huge Endowment Fund: Click here. 
• NEW: Good Article about tuition inflation, and what can be done about it. Click here. More here. 
• A study finds students who coast thru college often struggle after graduation. Click here. 
• ONE TRILLION in student loan debt, read more here, and here. 
• U of M executives make big bucks, while tuition rises. Click here. 
• Declining value, increasing cost of college. Click here.
• Online Education: Envisioning a Post-Campus America. Click here. 
• New start-up: Udacity, providing online education. Has a higher-ed revolution begun? Click here. 
• Online Courses: "Free Courses, Elite Colleges." Click here.
• Online Courses: Stanford Professor gives up job, hopes to teach 500,000 at online start-up, Udacity. Click here. 
• The coming higher-ed revolution. Click here. 
• Why Federal Aid increases college tuition. Click here. 

IT'S BACK!! MINNEAPOLIS FEDERAL RESERVE ESSAY CONTEST

ESSAY TOPIC: WHAT IS THE VALUE OF HIGHER EDUCATION? 

Please click here for your assignment. check out everything you need to know about the Minneapolis Federal Reserve Essay contest here on the Fed Website. As a reminder, 30 students will win $100, with a chance to win $500 and a job! I am expecting some great papers this year!

Check out the beautiful Minneapolis Fed building where contest winners will have a "free lunch" and get to miss a day of school. 

"Twin Ballers"

Economics of Everyday Life Project Examples

This is Priceless!

Facebook IPO Stats

via

Chart: A Very Tepid Recovery

Econ Rap

Creation of Modern Banking Activity

Directions:

1. Read the story "The Recollections of Pine Gulch." Click here for the story: It takes about 20-30 minutes.

2. Then complete the multiple choice quiz online (found here) and click submit, and I will receive your answers.

Money, Banking, and The Fed Flash Cards

Choose a Study ModeScatterLearnFlashcards

Study these flash cards | Study money flash cards

MIcro Lesson

Reffonomcs MRP = MFC Lesson here.

Personal Finance Flash Cards

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Study these flash cards | Study finance flash cards

Target and Best Buy Reach a Game Theory Nash Equilibrium

Decision to open Thursday night, a Nash Equilibrium. Total spending falls with less all day Friday shopping!

Keynes vs. Hayek: The Podcast Battle

You've seen the rap videos, now here is the Podcast Battle: Keynes vs. Hayek, courtsey of PBS:

Find F.A. Hayek here. Keynes here.

CRIBS...COLLEGE EDITION

Thanks to the Housing crash, some students are able to give up this...

and are living in something like this...

Some students at the University of California - Merced are living large. Really large, thanks to the housing boom and bust in the area. The New York Post writes: 

"Merced, in the heart of San Joaquin Valley, was ranked the third hardest-hit city in the country for home foreclosures, leaving whole communities of sparkling luxury homes vacant and depreciating, the New York Times reported. For these UC students, the “housing crisis” is an embarrassment of riches.

"I mean, I have it all!" Patricia Dugan, a senior majoring in management, told the Times from her master bedroom suite flooded with California sunshine.

The five — sometimes six — bedroom manses that often feature chandeliers, Jacuzzis, walk-in closets and swimming pools are too expensive for private occupants, but for students splitting costs, rent is peanuts. Several thousand McMansion dormers who have their own bedroom and a private bath pay just $200-$350 each in monthly rent for a typical house share."

Video: Housing Meltdown = Mansions for College Students

Follow this link for some tight college cribs. Housing Meltdown Opens Doors for College Students

Ch. 24 Vocab: Monopolies

Choose a Study ModeScatterLearnFlashcards

Study these flash cards

AP Mic: Chapter 23 - Perfect Competition

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AP Mic: Ch. 22 Vocab

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Study these flash cards

CNBC Special: House of Cards

The Crisis of Credit Video

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Steve Jobs Stanford Commencement Address

Hungry Muppet: The New Semase Street Character

If there is such thing as an Economic Sesame Street index, I am pretty sure this is a sign we are in a recession. See Lily above, who's family "has an ongoing struggle with hunger."  Read more here. 

Google E-mail Login

Click Here to Login to your Google Email.

User Name: First Name_Last Name12

"Jay Leno, Economically Challenged" Assignment

Please read the following article here, and answer the following questions in your own words on the form found by clicking here. For the last question analyze the picture found here. 

A Little Shameless Self Promotion.

Check out the whole article here.

MCEE Conference Presentation - August 9th.

Internet Resources Link

Video Project Link

Costa Rica Baby!

Here is a little shameless self-promotion, click here or on the article for more info on my trip to Costa Rica this summer. Especially looking forward to zip-lining thru the rainforest.

What's a Degree Worth? An Interactive Graph.

This is a great, in depth chart of average salaries, by degree. Please click on the link for the interactive graph.

The Biggest Bill Evah Actually Still Has Value.

Apparently the biggest bill evah printed still has value, as a collectors item. Here, the Journal writes:

"A 100-trillion-dollar bill, it turns out, is worth about $5.

Photo Above: A man in Harare, Zimbabwe, carried cash for groceries in 2008.

That's the going rate for Zimbabwe's highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point in 2009, a hundred-trillion-dollar bill couldn't buy a bus ticket in the capital of Harare.

But since then the value of the Zimbabwe dollar has soared. Not in Zimbabwe, where the currency has been abandoned, but on eBay.

The notes are a hot commodity among currency collectors and novelty buyers, fetching 15 times what they were officially worth in circulation. In the past decade, President Robert Mugabe and his allies attempted to prop up the economy—and their government—by printing money. Instead, the country's central bankers sparked hyperinflation by issuing bills with more zeros.

The 100-trillion-dollar note, circulated for just a few months before the Zimbabwe dollar was officially abandoned as the country's legal currency in 2009, marked the daily limit people were allowed to withdraw from their bank accounts. Prices rose, wreaking havoc.

The runaway inflation forced Zimbabweans to wait in line to buy bread, toothpaste and other essentials. They often carried bigger bags for their money than the few items they could afford with a devalued currency.

Today, all transactions are in foreign currencies, mainly the U.S. dollar and the South African rand. But Zimbabwe's worthless bills are valuable—at least outside the country. That Zimbabwe's currency happened to be denoted in dollars has amplified appeal, say currency dealers and collectors, particularly after the global financial crisis and mounting public debts sparked inflationary fears in the U.S.

"People pick them up and make jokes about when that's going to happen here," says David Laties, owner of the Educational Coin Company, a currency wholesaler based in Highland, N.Y.

Dealers prescient enough to buy Zimbabwe's biggest notes while they were in circulation are now taking their investment to the bank. Mr. Laties spent $150,000 buying bills from people in South Africa and Tanzania with experience moving currency and other clandestine cargo, including migrants, across Zimbabwe's borders. Sensing that Zimbabwe's last dollars would be "the best notes ever" on the collector's market, he even fronted $5,000 to someone who approached him over the Internet.

"It worked out," he says. "I got my notes."

Frank Templeton, a retired Wall Street equities trader, bought "quintillions of Zimbabwe dollars" through a broker from Zimbabwe's central bank. On eBay, he now does a brisk trade in the bills from his home in the Hamptons, on New York's Long Island. "I like to say Warren Buffett made a lot of people millionaires, but I've made more people trillionaires," Mr. Templeton says. The dealer paid between $1 and $2 for each of the bills in several purchases over about a year, and now sells them for around $5-$6 apiece.