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Economics Professor
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Aug 17, 2014 08:34:33   #
Jackinthebox Loc: travel the world
 
pecohen wrote:
:thumbup: :thumbup: :thumbup:

The story assumes that the students in this Economics class are really interested in Economics and so they will just goof off if not rewarded. If true, this is a sad commentary on education.


No, the story illustrates that socialist-communism does not work.

The sad thing in education is that we seem to be in the grip of socialist-communist educators that, hopefully temporarily, screw up the minds of students.
Many students will start to realize they have been lied to once they start making money and pay taxes.

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Aug 17, 2014 17:24:33   #
Iwantitall Loc: Chicago (south side)
 
user47602 wrote:
The next semester, the class realized the problems with a socialist type of grading system so they suggested that the teacher grade them on a curve.

The professor then said, "OK, we will have an experiment in this class on a new plan".
Grades will be given on a curve that correlates with wealth in the US over time.

After the 1st test 10% received A, 15% received B 50% received C, 15% received D 10% received F
no one was really surprised with their grades... the teacher said, think of this test as 1960.

After the midterm 5% received A, 10% received B 30% received C, 30% received D 25% received F
most everyone was a little surprised that their grades had gone down... the teacher said, think of this test as 1980.

After the 3rd test 1% received A, 5% received B 20% received C, 35% received D 39% received F
everyone was shocked that their grades had gone down so much... the teacher said, think of this test as 2000.

After the final only 1 person received A, everyone else received F
no one was really surprised with their grades... the teacher said, think of this test as 2014.

The really funny thing is that there were over 500 people in that class (freshman econ 101).
The next semester, the class realized the problems... (show quote)


Funny how the ORIGINAL post tells how socialism works and you don't rebuff it. You CHANGE the post to fit your sorry view of the socialist POTUS.
Mike

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Aug 17, 2014 21:15:44   #
letmedance Loc: Walnut, Ca.
 
user47602 wrote:
The next semester, the class realized the problems with a socialist type of grading system so they suggested that the teacher grade them on a curve.

The professor then said, "OK, we will have an experiment in this class on a new plan".
Grades will be given on a curve that correlates with wealth in the US over time.

After the 1st test 10% received A, 15% received B 50% received C, 15% received D 10% received F
no one was really surprised with their grades... the teacher said, think of this test as 1960.

After the midterm 5% received A, 10% received B 30% received C, 30% received D 25% received F
most everyone was a little surprised that their grades had gone down... the teacher said, think of this test as 1980.

After the 3rd test 1% received A, 5% received B 20% received C, 35% received D 39% received F
everyone was shocked that their grades had gone down so much... the teacher said, think of this test as 2000.

After the final only 1 person received A, everyone else received F
no one was really surprised with their grades... the teacher said, think of this test as 2014.

The really funny thing is that there were over 500 people in that class (freshman econ 101).
The next semester, the class realized the problems... (show quote)


What you fail to under stand is that top 1% provides good well paying jobs for millions of middle class Americans. You all fall for the Chief Executives' campaign BS, while he is running around collecting campaign funds from this same 1%. Go figure.

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Aug 17, 2014 23:35:11   #
4ellen4 Loc: GTA--Ontario
 
I found it an interesting read--just my 5 cents worth--Canada does not have pennies any more!! LOL so I guess my comments are worth a little more these days

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Aug 18, 2014 21:38:58   #
raymondh Loc: Walker, MI
 
:thumbup: :thumbup: :thumbup:

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