Serena asked if I would write a news article about the library. She sent over some ideas of what was wanted and asked if I could do it in 100sh words. That's not a lot of words. I could easily do more than 1000. I did over 400 and just barely scratched the service. I have not heard back from her.
I enjoyed the first economy class that I took several times more than the current class I'm taking. To give my readers an idea of how foreign this subject is to me, let me share with you the discussion and assignment topics: Explain why you think the Federal Reserve Bank tracks M1 and M2. OR List and explain each of the three traditional tools the central bank has for controlling the money supply. Which is the most popular? Why?; Now with these things in mind, Please choose ONE of the following. Your response should be 600 words long:
1) Explain what will happen to the Money Multiplier process if there is an increase in the Reserve Requirement.
2) Why does expansionary monetary policy cause interest rates to drop?
3) There is a well-known economic model called the Phillips Curve. Using a discussion on expansion and contradiction policy, explain why one of these variables usually falls when the other rises.
600 words? They might as well ask me to write it in klingon. What the heck? So not only do I have to come up with 600 words (when I'm not even able to come up with 6) but I have to do some research to explore what the heck any of this even means.
I chose Phillip's curve. I thought there would be more information about it. None of my references are 600 words long. There have been one or two paragraphs before details of two other scientists whose theories go into more detail. Okay, okay. Let's look up Phillips -find out who he is, explain some of his background. Still less than 300 words. Now what? Also this is supposed to be my opinion and yet I am supposed to write my opinion in third person? Why not just tell me to type it all out without using my fingers?
One of my references was actually written in first person. It made it personal. The reference was made in 2008 before the economy started referring to our slump as a recession. The Great Recession as a matter of fact. Great? What was so great about it? So half my assignment is on defining Phillips and the other half is about the recession.
Conclusion: Though it is said that the unemployment rate has had no bearing on the inflation as an economy, those who are unemployed or who are employed but struggling, deal with personal inflation on a daily basis. My assignment will not be graded until Sunday.
Thus far I'm receiving a good grade in the class. I am so grateful I have only the one class right now as it seems to be eating up a lot of my time and I have allowed myself to become somewhat hostile about my current situation. Jenna returns to school on Tuesday. I would rather spend my time with her than digging thorough a subject that isn't near and dear to my heart and feeling helpless about the unemployment status and the economy.