Economics @ ITT

Branding Strategy Insider | The Fall of the Purchase Funnel

Posted in class materials by ittecon on September 13, 2013

Take the relationship between supply and demand – its reversed. Today demand is scarce, supply plentiful.

via Branding Strategy Insider | The Fall Of The Purchase Funnel.

I’m not so sure this marketing guy quite understands—for what it’s worth—the concepts supply, demand, and equilibrium. That the relationship has been reversed, would indicate that the orthodox condition would be low supply to high demand (and essentially scorns the role of the market). Of course, from a Marketers position, it is quite understandable that one might want to be in a position absent of competition with the concomitant power to control prices, but this is not the correct state. It is simply a state.

Of course, given the author’s perspective, Says Law has again been undermined. If supply creates its own demand, then a surfeit of  supply should cause a surplus of demand, right?

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Plagiarism and Citing Works

Posted in class materials by ittecon on June 17, 2010

All submitted papers that references other published work needs to cite that work. Presenting public works as your own is plagiarism. While emulation may be the most sincere form of flattery, it is improper not to give credit where credit is due. There are many resources that show how to cite various source formats. The ITT Virtual Library is another good source.

“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

Posted in class materials, economics, Humour, Keynesian Economics, macroeconomics by ittecon on May 5, 2010

This has been around for a bit, but it is topical to this week’s material.

Welcome

Posted in class materials, economics, microeconomics, schedule by ittecon on March 10, 2010

Welcome, economics students. This is an exciting if not harrowing time to be learning the dismal science, which is economics.

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GE 273 Announcement – ITT Emails

Posted in class materials, microeconomics by ittecon on June 13, 2009

It has been brought to my attention that not all students have access to their ITT email accounts. Therefore, this assignment is no longer required for students taking classes in Burr Ridge. However, it will still be available for extra credit.

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Assignment W7 – Patents: Pros and Cons

Posted in class materials, economics by ittecon on April 17, 2009

I have uploaded a template that can be used to think about assignment W7: Assignment W7 – Patents: Pros and Cons

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Proportional versus Progressive Taxation Homework Template

Posted in class materials, microeconomics by ittecon on March 20, 2009

Please note that the template to this assignment is here.

Chapter Quizzes

Posted in class materials, economics, microeconomics by ittecon on March 20, 2009

Please refer to this page for URLs to online chapter quizzes.

Proportional versus Progressive Taxation Template

Posted in class materials, microeconomics by ittecon on March 19, 2009

The Proportional versus Progressive Taxation Template for assignment W3 is available.