1. Eco335 Review Questions Exam # 1 Exam # 2 Exam # 3 3/20/2011

2. Farm Product Prices

3. 3/20/2011 Figures 7 & 8 Total Tax Burden & Benefits Received http://www.taxfoundation.org/files/wp1.pdf

4. 3/20/2011 Tables 5 & 6 Income and Tax Burdens http://www.taxfoundation.org/news/show/250. html

5. 3/20/2011 Tables 7.1, 2.3 & 3.1 Taxes, Spending and Deficits http://www.whitehouse.gov/omb/budget/Histo ricals

6. 3/20/2011 Table E.11 Deficits and Debt http://www.cbo.gov/ftpdocs/120xx/doc12039/ HistoricalTables%5b1%5d.pdf

7. Can You Balance the Budget? http://www.iona.edu/faculty/rjantzen/eco335 /can you balance the federal budget.pptx http://www.iona.edu/faculty/rjantzen/eco335 /can you balance the federal budget.pptx 3/20/2011

8. Table 4 Poverty Rates http://www.census.gov/prod/2010pubs/p60- 238.pdf

9. Stock Market Prices (DJIA, S&P, NASDAQ) http://www.finance.yahoo.com 3/20/2011

10. Economic Growth Labor Productivity Trends 3/20/2011

11. Eco335 Links Financial Crisis & Mortgages http://www.dailyfinance.com/story/credit/whos-to-blame-for-the-mortgage-mess-banks-not- homeowners/19803636?a_dgi=aolshare_email http://www.dailyfinance.com/story/credit/whos-to-blame-for-the-mortgage-mess-banks-not- homeowners/19803636?a_dgi=aolshare_email US Senate Bipartisan Report on Financial Crisis Brookings Financial Crisis Report Wall Street Journal AIG Taxes http://www.taxfoundation.org/files/wp1.pdf http://www.taxfoundation.org/news/show/250.html Deficits http://www.kowaldesign.com/budget/ http://www.whitehouse.gov/omb/budget/Historicals - Tables 2.3 & 3.1 http://www.whitehouse.gov/omb/budget/Historicals http://www.cbo.gov/ftpdocs/120xx/doc12039/HistoricalTables[1].pdf – Table E.11 http://www.cbo.gov/ftpdocs/120xx/doc12039/HistoricalTables[1].pdf http://www.nytimes.com/2011/04/04/us/politics/04spend.html?emc=eta1 http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth 12_1_2010.pdf http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth 12_1_2010.pdf Quality of Well-Being Comparisons to US http://graphics8.nytimes.com/images/2011/02/19/opinion/19blowcht/19blowcht-jumbo-v2.gif

12. Financial Reform http://images.businessweek.com/mz/11/08/1108_mz_24polregulations.pdf http://www.nytimes.com/2011/04/03/business/03gret.html?_r=1 New Way to Measure Inflation http://www.businessweek.com/magazine/content/11_08/b4216036365985.htm?chan=maga zine+channel_news+-+technology http://www.businessweek.com/magazine/content/11_08/b4216036365985.htm?chan=maga zine+channel_news+-+technology Health Care Medicare & Medicaid Private Health Insurance Obama Reforms Obama Reform Timeline Obama Reform Details Conservative Objections & Proposals – Heritage1 Heritage1 – Heritage2 Heritage2 – Heritage3 Heritage3 – Republican Budget Committee Chairman Paul Ryan Proposal Republican Budget Committee Chairman Paul Ryan Proposal 3/20/2011

13. Eco335 TakeHome Assignment State of the US Economy: The purpose of this assignment is to familiarize you with the present state of the US economy. By examining a variety of sectors, you will be able to explain where the US economy “is” right now, where it used to be, and what’s likely to happen in the near future. Students may discuss what they have found in the discussion forum on the course Blackboard site. Specifics: You must investigate the behavior of the economy characteristics listed below. Some are reported as annual values, so you should examine the past 20 years of values. Some are reported as monthly values, so you should examine the past 15 years or so. Some are reported as weekly values, so you should examine the past 4 years or so. For each characteristic, you should examine how it has behaved over time, focusing on when it peaked, when it bottomed out (& by how much), and how much it has since recovered. You can find data and charts for almost all of the series at the following websites: FRED Economic Statistics of the FRB of St. Louis. State level data is available on the GEOFRED tab. http://research.stlouisfed.org/fred2/ Yahoo’s Finance website http://finance.yahoo.com/ Conference Board’s forecast for the US and World economies http://www.conference-board.org/data/usforecast.cfm Commodity Prices (Corn & Wheat) http://future.aae.wisc.edu/tab/feed.html#65 2011

14. Traits to be Studied: Jobs – Employment, Unemployment, Median Duration of Unemployment & Civilian Employment to Population Ratio Incomes – Disposable Personal Income, Personal Savings Rate, After Tax Corporate Profits and Consumer Sentiment Production – Real GDP % change in the US and Europe & productivity (output per hour worked) numbers International Trade & Finance – Exports, Imports, Trade Deficit and Net Lending/Borrowing in National Income Accounts Federal Operating Finances – Federal Receipts, Federal Expenditures, Federal Savings (=Budget Balance) Federal Debt – Total Public Federal Debt and Federal Debt Held by Foreigners Commodity & Energy Costs – Corn, Wheat, Crude Oil & Natural Gas Spot Prices Interest Rates & Inflation – Prime Rate, 30 Year Mortgage Rate, CPI Inflation Housing – Housing Starts, Prices, Owners’ Net Equity, Household Mortgage Debt & Home Ownership % Banks – Commercial Bank Total Loans & Leases, Adjusted Bank Reserves, Discount Window Borrowing & US Government Securities held by Commercial Banks Exchange Rates - $ to Euro, Yen & Chinese Yuan values Stock Prices – S&P500, Dow Jones Industrials, DAX (Germany), Nikkei (Japan) & Hang Seng (Hong Kong) State by State Comparisons (use GEOFRED data) – Real GDP % change, Unemployment & Employment % change, Homeownership and Home Vacancy % US & World (EU zone, Japan, China) Economic Forecast – Real GDP, Consumption, Housing, Capital Investment, Net Exports 3/20/2011