WELCOME TO THE LIGHTHOUSE CPA ECONOMICS
WEB SITE !!
CHAPTER # 9 NOTES
CHAPTER # 7 NOTES
CHAPTER # 6 - SUPPLY
CHAPTER # 5 NOTES
CHAPTER # 4 NOTES
CHAPTER # 3 NOTES
CHAPTER # 2 NOTES
ECONOMICS QUOTES OF THE WEEK
“ The more people who own a little businesses of their own , the safer our country will be , for the people who have a stake in their country and their community are its best citizens ” . ~ John Hancock
“ Three factors make a new business successful ; a great idea , the right financial backing , and the right people ” . ~ Carl Schramm
“ Better , faster , and less expensive are all you need to know about the idea component of new companies . However , the idea must be actionable ; it must be something that the market values ” . ~ Carl Schramm
“ Capitalism is about turning luxuries into necessities ” . ~ Andrew Carnegie
“ Profits are the ultimate measure of how efficiently we provide customers with the best products for their needs . Profits are required to survive and grow ” . ~ Henry Ford II
“ There is no contest between the company that buys the grudging compliance of its work force and the company that enjoys the enterprising participation of its employees ” . ~ Ricardo Semler
PERSONAL DEVELOPMENT QUOTES OF THE WEEK
“ Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity ” . ~ Martin Luther King Jr.
“ I am always doing that which I can not do , in order that I may learn how to do it ” . ~ Pablo Picasso
“ Insanity : doing the same thing over and over again and expecting different results ” . ~ Albert Einstein
“ Do not set foot on the path of the wicked or walk in the way of the evil . Avoid it , do not travel on it ; turn from it and go on your way ” . ~ Proverbs 4 : 14 – 15
ATTENTION PARENTS AND GUARDIANS !!
Do you want to keep on top of the exam schdule for your student ?? You can do that two ways .
One way is by checking the class calendar link at the upper left corner of this web site .
CLASS SCHEDULE INFORMATION !!
Check our class schedule every week for exam and activity updates !! Simply click on the calendar link at the upper left corner of this web site .
TANSTAAFL CAFE !!
An awesome new educational service is now available through this web site !! The truth about the most important issues facing our society can be discovered by viewing the videos , reading articles , and listening to podcasts posted below in the TANSTAAFL CAFE current events section of this web site !!
OPEN INVITATION TO THE PUBLIC !!
Having a fundamental understanding of economics is the most important responsibility of every United States Citizen !!
Anyone can test and strengthen their knowledge of economics by taking the practice exams offered below .
Just click on the links to take the exams . Short versions are 25 questions , medium length are 50 questions , and long versions are 100 questions . Immediate feedback is provided upon completion of each exam !!
MICROECONOMICS > DECISION MAKING AND PERSONAL FINANCE :
MICROECONOMIC BASICS EXAM - DECISION MAKING & PERSONAL FINANCE - SHORT VERSION
MICROECONOMIC BASICS EXAM - DECISION MAKING & PERSONAL FINANCE - MEDIUM VERSION
MICROECONOMIC BASICS EXAM - DECISION MAKING & PERSONAL FINANCE - LONG VERSION
MICROECONOMICS > GENERAL BUSINESS AND MARKETS :
MICROECONOMIC BASICS EXAM - BUSINESSES AND MARKETS - SHORT VERSION
MICROECONOMIC BASICS EXAM - BUSINESSES AND MARKETS - MEDIUM VERSION
MICROECONOMIC BASICS EXAM - BUSINESSES AND MARKETS - LONG VERSION
MACROECONOMICS > PUBLIC POLICY , ECONOMIC SYSTEMS , FISCAL AND MONETARY PHILOSOPHIES / POLICY / SYSTEMS , GLOBAL TRADE , ECONOMIC CHALLENGES - INFLATION / UNEMPLOYMENT / POVERTY :
MACROECONOMIC BASICS EXAM - SHORT VERSION
MACROECONOMIC BASICS EXAM - LONG VERSION
 This web site is designed to be a supplemental support tool for Lighthouse CPA economics students , not a replacement for being in class. The information , practice quizzes , and study / review activities accessable through this site are ideal for the following purposes :
1. Reviewing the national and state economic academic standards , as well as the class rules and policies via the syllabus . Click on the links below under " Course Resources " to view any of the PDF files .
2. Study schedule planning by reviewing the calendar events section below . The upcoming events for the week are listed . For longer term planning , and to view events on a monthly basis , click on the " view calendar " icon in the web site title bar at the upper left corner of this web site .
4. Reviewing for chapter exams by playing Economic Jeopardy ( see the " Quia Activities And Quizzes " section below where they are listed as " Challenge Board " games ) . These activities are valuable study tools that will be posted at least 48 hours prior to the chapter exam they are related to . You are required to sign in to play the jeopardy game the same way you sign in to take a chapter exam . Your " user name " is ( without a space between them ) , your proper / formal first name , followed by your last name , followed by the number 881 . Your password is your Lighthouse CPA student ID number . One very important thing to remember is that if you do not sign in to play the game , then you can not prove that you used this very valuable study tool !!
COURSE RESOURCES :
ECONOMICS SYLLABUS
ECONOMICS NATIONAL AND STATE OF INDIANA STANDARDS
ECONOMICS READING LIST
HOW TO READ POLITICAL CARTOONS
 PERSONAL BUDGET EXAMPLE
RULE OF 70 EXAMPLE
YIKES !! THE UNITED STATES NATIONAL DEBT CLOCK
 CHAPTER STUDY GUIDES :
PRACTICE - CLASS INTRODUCTION
CHAPTER # 1 - WHAT IS ECONOMICS?
CHAPTER # 2 - THE ESSENCE OF ECONOMICS
CHAPTER # 3 - ECONOMIC SYSTEMS
CHAPTER # 4 - AMERICAN CAPITALISM
CHAPTER # 5 - DEMAND
CHAPTER # 6 - SUPPLY
CHAPTER # 7 - PRICES
CHAPTER # 8 - MARKET STRUCTURES
CHAPTER # 9 - BUSINESS ORGANIZATIONS
CHAPTER # 10 - LABOR
CHAPTER # 11 - MONEY
CHAPTER # 12 - BANKING
CHAPTER # 13 - FINANCIAL MARKETS
VIDEO STUDY GUIDES :
CHAPTER # 1 & 2 VIDEO STUDY GUIDE - THE ENTREPREURS - PARTS 1 & 2
CHAPTER # 3 & 4 VIDEO STUDY GUIDES - THE ENTREPRENUERS - PART 3 & 4
CHAPTER # 5 & 6 VIDEO STUDY GUIDES - THE ENTREPRENEURS - PART 5 & 6
CHAPTER 7 & 8 VIDEO STUDY GUIDES - THE ENTREPRENEURS - PART 7 & 8
PERSONAL FINANCE READINGS :
CHAPTER # 1 > SETTING PRIORITIES
CHAPTER # 2 > CREATING A BUDGET
CHAPTER # 3 > BASICS OF BANKING AND SAVINGS
CHAPTER # 4 > CONTROLLING DEBT
CHAPTER # 5 > HEALTH INSURANCE
CHAPTER # 6 > LIFE INSURANCE
CHAPTER # 7 > BUYING A CAR
 CHAPTER # 8 > AUTO INSURANCE
CHAPTER # 9 > BUYING A HOUSE
CHAPTER # 10 > THE BASICS OF INVESTING
CHAPTER # 11 > PLANNING FOR RETIREMENT
CHAPTER # 12 > BONDS
CHAPTER # 13 > MUTUAL FUNDS
 WELCOME TO THE TANSTAAFL CAFE !!
Our well being and survival as a society is dependent on the choices we make . Economics is the study of our decision making process and the results of our choices .
Below you will find links to our libraries of videos , publications , podcasts of news reports , speeches , and lectures on the most important issues that will affect our society . They are the hottest current topics of our times . These reports highlight the critical decisions and alternatives that are facing us .
Grab your favorite beverage , pull up a chair , and begin thinking about what the rational alternatives are to solving the challenges before us !!
" Instruct a wise man , and he will grow wiser still ; teach a just man , and he will increase his learning . " ~ Proverbs 9 : 9
“ Intelligence = The ability to rationally and objectively take information and experiences and apply it prudently / sensibly to survive or make better your existence ” ~ DAR
PODCAST LIBRARY !!
Click on the link below for the TANSTAAFL CAFE podcast library of news broadcasts , speeches , and lectures that are organized by topic .
PODCAST LIBRARY
VIDEOS AND PUBLICATIONS !!
Click on the link below for the TANSTAAFL CAFE video and publication library that is also organized by topic .
VIDEO AND PUBLICATION LIBRARY
THE FAILING UNITED STATES AUTO COMPANIES :
THE CARTOONISTS ARE REALLY TAKING THE GOVERNMENT TO TASK OVER THE FINANCIAL CRISIS , AND THEY ARE CORRECT TO DO SO !! HERE IS JUST A SMALL SAMPLE OF THE CARTOONS :
THE CARTOONISTS' ARE ALSO GIVING THE UNITED STATES CONSUMERS A TOUGH TIME TOO , AND RIGHTLY SO !! HEY , CHECK OUT THE CARTOON DIRECTLY BELOW . IT IS ABSOLUTELY HILARIOUS AND RIGHT OUT OF THE MASLOW AND RAND SECTIONS OF CHAPTERS 1 AND 2 . ARE YOU A SLAVE TO YOUR CELL PHONE , PDA , OR A SOCIAL NETWORK ?? BE YOUR OWN PERSON AND NOT DEFINED BY OTHER PEOPLE OR THINGS !!
POLITICAL CARTOONS ARE VERY GOOD AT CONFRONTING US WITH THE TRUTH !! THIS CARTOON TELLS A VERY SAD AND WORRYSOME STORY ABOUT WHAT IS GOING ON !! PLEASE DO NOT LET THIS HAPPEN TO YOU AND OUR GREAT COUNTRY !! REMEMBER , YOUR EDUCATION IS PRICELESS !!
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