Lab Six Economics 109 Fall 2002 I Internet Resources for O Sullivan and Sheffrin A The internet address for this text or its universal resource locator URL is http www prenhall com osullivan B Open the program netscape 1 Go to the file menu at the top left a select open page i Type in this URL 2 Click on the textbook cover cover to the left 3 work through the multiple choice 1 questions for Ch 27 Focus on the ideas introduced in Ch 27 What is money Measuring money in the US economy banks as financial intermediaries the process of money creation the role of the Federal Reserve the structure of the Federal Reserve a submit your answers for grading b e mail or hand in your answers to your lab instructor 4 look at the three essay questions you may want to copy and paste these questions into the program word for studying later or come back and write essays and submit for grading via the interactive feature 5 take a look at the internet exercises feature Getting Familiar with the Fed There is a link to Minneapolis Fed and the Board of Governors among others a In particular you may want to look at the History of Money at the Minneapolis Fed http woodrow mpls frb fed us econed curric history html It goes back to coins in Lydia and ancient Greece and proceeds historically to more recent times There is also a link to the Bureau of Engraving and Printing II Internet Resources from class 1 http www ustreas gov This is the home page for the United States Treasury In the menu at the left click on Treasury Securities Auctions This will take you to TreasuryDirect In the menu at the left click on Treasury Direct Accounts and Information There is background information that will tell you how to buy treasuries including using treasury direct http www treasurydirect gov 2 http www fdic gov This is a link to the Federal Deposit Insurance Corporation FDIC Click on Bank Data Banking Industry Analytical This will lead you to information on institutions in trouble In particular look at the Quarterly Banking Profile 3 http www federalreserve gov This is the home page for the Board of Governors of the Federal Reserve and has information about the system and its purposes and functions Explore some of the menu items such as About the Fed III Ch 28 Monetary Policy in the Short Run 1 work through the multiple choice 1 questions for Ch 28 Focus on the ideas introduced in Ch 28 Model of the Money Market Interest Rates Investment and Output Stabilization Policy and Its Limitations a submit your answers for grading b e mail or hand in your answers to your lab instructor IV Ch 8 The Firm s Short Run and Long Run Cost Curves 1 work through the multiple choice 1 questions for Ch 8 Focus on the principles introduced in Ch 8 Production and Cost in the Short Production and Cost in the Long Run Actual Long Run Average Cost Curves Run This week is a transition week and this chapter is an introduction to the link between the process of production the costs of production the supply curve for a firm and the behavior of a firm a submit your answers for grading b e mail or hand in your answers to your lab instructor 2 look at the three essay questions 3 Look at Free Market Pricing v Price Controls in California Utilities on In the News