On Alchemy

BungaloBear5: hey
BungaloBear5: i have another ?
CinciDood: hi
BungaloBear5: what is alchemy....? i looked it up in a dictionary and it didnt sound right
CinciDood: did it have something to do with turning lead into gold?
BungaloBear5: yeah...
BungaloBear5: lol
CinciDood: well, think about how that applies to trade, as far as the authors' argue...
CinciDood: lead into gold... pretty cool, huh?
CinciDood: well, it can only be practiced by wizards
CinciDood: that means only in fantasy land at Disney world
CinciDood: but they argue that trade makes us better off.
BungaloBear5: turning specialization into trade?? i dnot know
CinciDood: we can essentially consume more than we produce in a way
CinciDood: well, the argument that we can enjoy MORE if we specialize and trade.
CinciDood: and the big question is "how does that happen?" How can we have "more"? is it magic? or is it something more "economical".
CinciDood: think about it that way
BungaloBear5: ohh.. ok
CinciDood: hey, that was an interesting IM... can I cut it and paste it into the blog? it may help some others.
BungaloBear5: yeah sure
CinciDood: ok, thanks

Fed Meeting

Correction: The next meeting of the Fed (actually, the FOMC--Federal Open Market Committee) is on Tuesday January 31. (Not the 24th as I had earlier thought.)

http://www.federalreserve.gov/fomc/#calendars

The Fruits of Free Trade

The article may be found at the following link: http://www.dallasfed.org/fed/annual/2002/index.html

There is also a copy of the full annual report on the I-drive (I:jjulian)

Used Textbooks

If you are looking have a used copy of Krugman and Wells' Macroeconomics, you ought to show up to my class before class begins (1:15 p.m.) or just after class ends (2:45 p.m.) on Thursday, January 19. If before class, feel free to announce that you have a copy for sale and hopefully people will seek you out. If after class, I may say something to draw attention to your presence.

The class is in the lecture hall in Keith Hall (Room 130). Again, the class runs from 1:15 to 2:45 and as usual, a short break in the middle.

The instructor is choosing to not participate in any transaction agreement.

Notice to potential buyers: Make sure you are buying a complete 4 volume set. Be ready to pay with cash.

Notice to potential sellers: Be kind. Remember what you paid for the book.

Alternatively, if you are selling or interested in buying you may post a comment to this blog entry. You should provide sufficient contact information to arrange a trade outside of class. Buyers and sellers are free to post in the comments section.

I hope you can all find mutually advantageous gains.

JJ

P.S. Some people in the 11:45 class in the Fall did not get Volume 4. I have extra copies so that you can make a trade. Stop by the office. If I remember I'll bring a few copies to class on Thursday to facilitate the transaction.

Welcome Back

Students who have text books to sell can either show up at my class(Econ 121, TTh, 1:15-2:45) on Tuesday or Thursday. Tuesday I will have class for about 45 minutes (or maybe an hour). After that you can meet up with new students and try to make a deal. Also, you can post a comment to this blog entry with contact information for my new Econ 121 students to reach you.

Warning to all: You should sell/buy all 4 parts of the "preliminary edition". Do not buy from someone who does not sell you all four parts.