Definitions Of Robert Merton On The Options Pricing Theory

ECON 2301 Principles of Macroeconomics Time: Th 7:05 pm – 9:45 pm Synonym: 40512 Section: 023 Room: NRG2 2120

Author Wheelan writes, "Life is about trade-offs, and so is economics." Indeed, so is Naked Economics. This book promises to be a good introduction to economics for the layman. Throughout the book, the author uses easy-to-understand language and vivid examples to illustrate his points in strategic places maintaining a sense of lightness with the readers in reading the material. Here is a summary of each of the 12 Chapters of the book Naked Economics: Undressing the Dismal Science by Charles Wheelan.

Media and technology have been known to grow and spread at an unbelievable rate. Over time, media affects the way people in a society think and directs current trends in pop culture. Technology constantly allows for easier methods of doing things. An example of something that has grown very popular over time is video games. One of the first games was Pong, a game involving a ball that bounces across the screen. Comparing this to today’s high-definition role-playing games that most every child, teen, and young adult owns is a large shift. Film is also a growing media. The concept of moving pictures on a screen was mind-blowing when first introduced and is now second nature. It is commonplace because most people these days are already born with

Due to the explosion of new technology, modern info spectrum is now a part of our modern lifestyle. The reinvention of traditional mass media into new media which is more digital based because of the development of different fields in

The following chapter summaries are mostly based on the McConnell & Brue text “Economics- 16th Ed.”

READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.

READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.

3. Flew, T. (2008). New Media An Introduction. South Melbourne. 3rd Edition. South Melbourne: Oxford University Press.

The Milton Friedman paper strongly supports my views on "what is economics", and the importance of science in acquiring and presenting economic knowledge.

At the beginning of the semester, one of the first topics discussed in this class was ‘Media to me is ______.’ Upon being asked this question, I had two answers to fill in these blanks. One of these answers was ‘a way for me to learn about the world’ and the other was ‘a form of entertainment.’ After taking this course, I have formulated some new, more complex ideas on how to fill in these blanks.

In 1995, Lucas was awarded the Noble Prize in economics, for having developed and applied the hypothesis of Rational Expectation. This, transformed macroeconomics analysis and deepened everyone’s understanding of economic policy. More than any other person in the period from 1970 to 2000, Lucas revolutionized macroeconomic theory. Most of his work led to the work of Finn Kydland and Edward Prescott, which also won them the noble prize

Joan robinson: “ the main reason to study econ is to avoid being fooled by it

In today’s world media literacy has become a very important commodity among our digitally connected society. With so many users connected to social media mediums such as Facebook, Twitter, Instagram etc. it is very important that people understand how to properly analyze, evaluate, and interpret media as well as develop the ability to create media. This, in essence, is what media literacy is about and with so many different sources of information streaming through our daily lives all at once, being media literate can not only help us discern actual facts from fiction, but it helps us better understand some of the complex messages we receive from these sources. Throughout this essay I will discuss my media literacy by talking about different media products and how they have impacted and helped shape my life as well as the culture of our society.

Old media like broadcasting, print, and film created a consumer culture in the public. Participants would consume the media they could find, and that was the extent of their engagement with a piece of media. But during the digital age, participatory culture has exploded. Participatory culture is a concept coined by Henry Jenkins where consumers take part in both the consumption and the production of media. The advent of computers facilitates a low barrier of entry for creation of digital media and its propagation. With the availability of personal computers and consumer level software to manipulate media as well as the popularity of the internet to spread content, fans have become more engaged with the media they consume. In turn, participants can create forms of that media that comment and expand upon the original content. Participants who used to only consume media now have the avenues to become producers of media. In this essay, I will explore participatory culture through the lense of Lev Manovich’s Five Principles of New Media: Numerical Representation, Modularity, Automation, Variability, and Transcoding.

Over the years, entertainment media has been constantly evolving and having to adapt in order to survive the ever-changing technological landscape as well as resulting change in consumer consumption. From radio to television, music to books, no entertainment media is spared. All must learn to “adapt or die”. In this essay I will be looking at how these media got to where they are now, and where I believe they are heading in the future.