FAU Lifelong Learning Society, Jupiter
Mark C. Schug, Ph.D.
 

Economics


Mark C. Schug, Ph.D., is Professor Emeritus at the University of Wisconsin-Milwaukee and President of Mark Schug Consulting. Schug taught for over 36 years at the high school and university levels. He speaks and writes about economics and financial education including topics on American economic history and general economics.

Dr. Schug earned his doctorate from the University of Minnesota. He has received national awards for leadership, service and research in economic education. He received the (WI) Governor’s Financial Literacy Award in 2011.

Economic Insights into the Headlines
Using the Economic Way of Thinking to Make Sense of the News

This course presents an economic analysis of several issues from today’s news. The first lecture provides an overview of the economic way of thinking. For the first time at the Lifelong Learning Society, Professor Schug presents “banjonomics.” This is a fun but powerful introduction to a set of economic principles that are used to explain why we are not running out of natural resources; why people are often rude on airplanes; why farmers grow rice in the desert and much more. The second lecture focuses on the importance of market prices. What do rent controls in New York, toilet paper in Venezuela, farm subsidies, and the minimum wage all have in common? The third lecture will focus on the Federal Reserve System. The Fed remains a mystery to many voters who may regard it with suspicion. This session explains how the Fed works and addresses recent policies such as quantitative easing, the tapering of bond buying and fears of inflation. The fourth lecture focuses on a hot topic in the news — income inequality. What causes income inequality? Does income inequality adversely affect people in poverty? If income inequality is a problem, what are the policy implications?

Four Lectures
  1. Banjonomics: Solving Mysteries in the News Using the Economic Way of Thinking — Banjonomics is a fun but powerful introduction to the economic way of thinking.
  2. Be Nice to the Price — What do rent controls in New York City, toilet paper in Venezuela, farm subsidies, and minimum wage laws all have in common?
  3. What Is the Fed? — This session explains how the Federal Reserve System works. It examines the implications of recent policy changes and the new leadership.
  4. An Examination of Income Inequality in the United States — This session addresses the characteristics of income inequality in the United States. Does income inequality adversely affect people in poverty?
Course # W4W4 — Four Weeks
  Place:Lifelong Learning Complex, Jupiter Campus
  Dates:Wednesdays — January 7, 14, 21, 28
  Time:2:30—4 p.m.
  Fee:$34/member; $54/non-member