Money Mondays: Supply & Demand

Supply and demand are two foundational concepts in economics. According to Investopedia, supply “describes the total amount of a specific good or service that is available to consumers…. [All] else being equal, the supply provided by producers will rise if the price rises because all firms look to maximize profits.” Demand, as Investopedia explains, “describes a consumer’s desire and willingness to pay a price for a specific good or service. Holding all other factors constant, the price of a good or service increases as its demand increases and vice versa.” Often when people talk about supply and demand, they are talking about the relationship between the two concepts, referred to as the Law of Supply and Demand. We’ll talk about this concept more next week.

Supply & Demand Non Sequitur Comic by Wiley

So what do these two concepts look like in our everyday life? When the Xbox One came out last December, more than 2 million consoles were sold within 18 days. Yusuf Mehdi, the corporate vice president of strategy and marketing, stated that demand was exceeding supply. This indicates that consumers were very willing to buy the product (high demand), but that Microsoft did not have enough consoles to sell to everyone who wanted one (low supply). When we discuss market equilibrium next week, we’ll talk about how having too much or not enough demand can affect the price and supply of products available to purchase.

For more information on supply and demand, check out these resources available through the St. Louis Federal Reserve’s Economic Lowdown website:

Also, consider reading the book Demand: Creating What People Love Before They Know They Want It, by Adrian Slywotzky, available in Andersen Library’s Main Collection (call number: HB801 .S56 2011).

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Women’s Work 1830-1930 Exhibit

The Whitewater Historical Society will host a public reception for its temporary exhibit, At Home on the Job: Women’s Work 1830-1930, on Wed., Sept. 24, at 7pm at the Depot Museum (301 W. Whitewater St, Whitewater). Nikki Mandell, Associate Professor of History at UWW and guest curator for this exhibit, will talk about the exhibit’s themes. From the Society’s Sept. 2014 newsletter:

The exhibit explores the evolving nature and meaning of women’s work in the home during a century of change, from the 1830s to 1920. Although women’s productive labor remained essential to family and community survival throughout the 19th century, two factors – industrialization and the rise of the Victorian ideal – significantly changed the content and social value placed on that work. Using the Society’s collections and representative circumstances found in the lives of Whitewater women, the exhibit examines a long-held complaint, first voiced by Martha Ballard in her 1795 diary entry, that “a woman’s work is never done.”

Are you interested in learning more? Search Research@UWW to find Library holdings of books, including Mother-work: Women, child welfare, and the state, 1890-1930 (3rd-floor Main Collection, HV741 .L33 1994), Woman and labor (3rd-floor Main Collection, HQ1381 .S42 or online via Google Books), and Out to work: A history of wage-earning women in the United States (3rd-floor Main Collection, HD6095 .K449 1982).

Articles may be found by searching Research@UWW or articles databases such as America: History and Life.

Please ask a librarian for assistance with finding additional resources.

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Wisconsin Lighthouses – talk on 9/16

On Tues., Sept. 16, at 3:30 p.m. Barb and Ken Wardius, authors and photographers for the book Wisconsin lighthouses: A photographic and historical guide, will present a talk and slide show at the Irvin L. Young Memorial Library (Whitewater’s public library at 431 W. Center St.). UWW students and staff may borrow copies of their book from other UW campus libraries by using the free Universal Borrowing service, which gets requested materials here in 2-5 weekdays.

cover of Keepers of the Lights bookIf you are interested in Wisconsin lighthouses, you may also want to watch the video Keepers of the Door: The story of the Door County lighthouses, available from Andersen Library’s 2nd-floor Browsing VHS at VK1024.W6 K44 1997. There also is a book, Keepers of the lights: Lighthouse keepers & their families: Door County, Wisconsin, 1837-1939, available in 1st-floor Special Collections for in-library use, which was written by Steven Karges, professor emeritus from UWW’s History Dept.

If you’d like assistance with finding additional materials, please ask a librarian.

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Money Mondays: The Economy

$100 Bill

If you ever listen to the news, even accidentally, odds are you’ve heard someone talking about the economy. You’ll hear words like inflation and GDP and monetary policy, but if you’re not studying business or economics it might all sound like the teacher from Charlie Brown. This semester during Money Mondays we’ll discuss some of the major economic concepts, including those mentioned above. Understanding these concepts can help you make more informed decisions about how you spend your money, how you vote, and more.

The Federal Reserve Bank of St. Louis has helpful resources related to many of the topics we’ll cover, and everything is freely available to you, even after you leave school!

Want this information on your phone or tablet? Download the mobile apps!

Also, check out some of these resources available at Andersen Library:

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Friday Fun: World Music

Are you going to the World Music Festival on Wed., Sept. 17? If you don’t have a ticket, or for other reasons can’t attend the parts of the Festival, or if you just want more world music, Andersen Library has options for you!

The Library’s collection of music CDs is in two parts, one of which is in “waterfall” shelving and arranged by genres, including World Music (“WOR”), e.g., Acoustic Africa (2nd-floor Browsing CDs, WOR Aco). Browse there or search Research@UWW’s “Books, Media and more (UW Whitewater)” to also find the CDs that are in wooden shelving near the waterfalls and in order by Library call numbers, e.g., Tangazo music of Latin America (2nd-floor Academic Browsing CDs, M1000 .T364 1993).

A streaming music database to which Andersen Library subscribes is Naxos Music Library. On the navigation bar, hover on “Genres” and click “World.” The list promises that you can “Listen to Authentic and crossover music from Timbila to Jiangnan, from Russian folk songs to Icelandic ballads.” For example, Mali: Kandia Kouyate / Mah Damba / Sali Sidibe / Oumou Sangare: The Divas from Mali.

The Garland Encyclopedia of World Music Online, another Andersen Library subscription, provides audio selections as well as textual information about world music.

cover of World Music bookAndersen Library also has many books on world music, such as World music: A very short introduction (3rd-floor Main Collection, ML3470 .B68 2002), The Rough guide to world music (2nd-floor Reference Collection, ML102.W67 W67 2006), World music: A global journey (3rd-floor Main Collection, ML3798 .M53 2006), and many other titles that focus on particular geographical areas.

Please ask a librarian for assistance with finding materials.

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New Stuff Tuesday – September 9, 2014

“Bad

Bad English:
A History of Linguistic Aggravation
by Ammon Shea
Read by Mike Chamberlain
PE1460 .S5173 2014
New Arrivals, Audio, 2nd floor

Do you dangle your prepositions? Do you split your infinitives? Are you one of those who manages to artfully write – beg pardon – to write artfully, without such grammatical breaches and find yourself rankled when others do not? Ammon Shea, author of Reading the OED, turns the tables and takes a humorous approach to chiding those who enjoy imposing their linguistic pet peeves on others.

Shea draws on dictionaries, grammar and usage manuals, and literary classics written over the course of centuries, challenging the grammar police to consider the arbitrariness of many grammar rules. For those who don’t feel well about their grasp of the rules, he reassures them by providing examples of erstwhile grammar dictums that, when followed today, are considered incorrect or sound stilted at best. He points to the history of usage and structures that went unquestioned until the author of a nineteenth-century manual, for example, simply proclaimed them to be “vulgar,” yet, despite this, have managed to survive as grammar gospel. Humor and grammar make an entertaining pair in this audiobook.

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Pet Therapy Dogs @ Andersen Library

Pet therapy dogs are scheduled to visit Andersen Library several times during Fall Semester, so check the dates and plan to get a dog fix regularly! It’s an excellent study break!

Noon to 2pm on these dates in September:

  • Monday, September 8
  • Wednesday, September 17
  • Monday, September 22

For the full schedule of pet visit days, go to Andersen Library’s News & Events web page.

cover of The Healing Power of PetsCurious about pet therapy? Andersen Library has resources! Search Research@UWW to find books like The healing power of pets: Harnessing the amazing ability of pets to make and keep people happy and healthy (3rd-Floor Main Collection, RM931.A65 B436 2002), or search articles databases to find articles such as “Evaluating college student interest in pet therapy” (Journal of American College Health, 2009, vol.57:no.5, pp.545-548).

Please ask a librarian if you’d like assistance with finding materials.

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Good and Cheap: The Cookbook for Any Budget

NPR’s Molly Roberts wrote about Leanne Brown’s cookbook Good and Cheap in August, and it got me thinking. Although the focus of this cookbook is Americans receiving SNAP (Supplemental Nutrition Assistance Program) funding, tasty and nutritious meals on a budget are also important to college students preparing their own food. Both groups of people are working with tight budgets, and could likely use help sometimes avoiding three times a day ramen consumption at the end of the month. The average SNAP stipend is $126 per month per person. How much do you budget for food?

The US Government has previously funded cookbooks with a similar purpose, such as Recipes and Tips for Healthy, Thrifty Meals (noted in the aforementioned NPR The Salt blog article and even has a Build My Cookbook website. The difference between those sources and Brown’s is that Brown is very concerned with taste and variety and works with many common spices to liven up her dishes. Her recipes are also guidelines, allowing for substitutions as desired or needed. Decide for yourself which of these recipes would you rather eat.

Although the USDAs Cream of Broccoli Soup II sounds interesting, it has no spice beyond that in cream of mushroom soup. Here are the ingredients at $.83/serving:

  • broccoli
  • carrots or mixed vegetables
  • cream of mushroom soup
  • milk
  • low-fat cheddar cheese

Brown’s Lightly Curried Butternut Squash Soup at $1.50/serving, on the other hand, has:

  • butternut squash or other winter squash
  • butter
  • onion
  • green bell pepper
  • cumin powder
  • coriander powder
  • turmeric powder
  • cayenne pepper
  • coconut milk
  • salt and pepper

Or, if you prefer something cheaper than that, try the Dal at $.60/per serving, which has:

  • lentils
  • butter
  • onion
  • cumin seeds
  • black mustard seeds
  • turmeric powder
  • garlic
  • green chili
  • ginger root
  • salt and pepper

I’m getting hungry just thinking about soup, and am going to try one of Brown’s. What do you want to eat?

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Finding Business Case Studies

If you’re taking management or marketing classes this semester, you may be interested in finding case studies for various assignments you’re given. Often, students start their search with Harvard Business Review case studies. These case studies are not available in any library databases; they are only available for purchase through HBR’s website, with prices ranging from $3 to $7. However, there are other places you can go to find case studies, including Andersen Library’s two primary business article databases: ABI/Inform Complete and Business Source Complete.

To find case studies in ABI/Inform Complete, click the “Advanced Search” option above the search box. Enter your search terms in the search boxes. Then, before pressing Search, scroll down and choose “Case Study” from the Document Type box. To find case studies in Business Source Complete, enter your search terms in the box on the main page. Then scroll down and select “Case Study” from the Publication Type box.

Another note on Harvard Business Review: Articles published in HBR are available in Business Source Complete from 1922 to the present. However, the most popular 500 articles (updated yearly) are restricted to read only in the database. This means you cannot print those articles, email them to yourself, etc. If you stumble across one of these articles, you will see a message that looks like this:

Business Source Complete HBR Message

You can still read the article by clicking the PDF Full Text option along the left side of the page.

If you have any questions about finding case studies or accessing Harvard Business Review articles, please feel free to get in touch with a librarian via phone, email, or 24/7 chat using Ask a Librarian.

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Events in Whitewater

How do you know what events are going on in Whitewater? One way to find out is to check the Whitewater Banner web site! In addition to news about events going on, there’s information about campus and school district sports and local obituaries.

Here are a couple of examples:

This Sunday, Sept. 7, the Whitewater Fire Department is hosting its 1st Annual Pancake Breakfast at the fire station (312 W. Whitewater Street, next to the City Administration Building) from 7am-noon. All proceeds from your donations go to the Whitewater Fire Department.

If the walls of your residence hall room or apartment are a little bare, there’s a sale of local artists’ works next Sat., Sept. 13, at the Senior Center in Starin Park (504 West Starin Road) from 9am to 1pm. All pieces will be sold for $100 or less, and admission is free!

Other good place to check for information:
Whitewater Area Chamber of Commerce
City of Whitewater
Irvin L. Young Memorial Library (Whitewater’s public library)

And, of course, the campus calendar of events! Click “Events Calendar” in the top right of the campus home page, student home page, or faculty/staff home page. Click the categories of events you’d like to see from the choices in the box on the right side of the page.

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