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Meet Your Instructor: Dr. McQueen
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Dr. Steve McQueen Introduction I'm Dr. Steve McQueen the famous motorcyclist and ECON 1 and 2 instructor. ECON 1 is macro economics which is a study of U.S. economics. ECON 2 is micro economics which is a study of the consumers & businesses. I received a Ph. D. in economics, and statistics and an M.B.A. at Utah State University. I taught economics at Southern Utah University and University of Las Vegas. I want you to realize from the get go these two classes are high powered stuff. Mr. Bill Gates said that if he hadn't founded Microsoft, he'd be teaching economics. Just to see how powerful these economic principles are, Gates attributes his background in macro and micro economics to the creation of the number one company in the world. I promise you; if you study hard, these two classes will greatly affect your thinking. As for my start, when I was sixteen, I learned economics from a super trader. He began trading like everyone else until he almost lost everything when the stock market plummeted. From that day on he became a contrarian trader and never looked back. A contrarian trader assumes the opposite side from the majority of traders. When they are long, he's short. Well, he amassed 100 million in thirty years. That's how I learned about the power of contrarian thinking. You will learn about Mr. Paul Lum, if you decide to complete this assignment. There's another man with a similar past. John Maynard Keynes, the father of the economics, who you'll read about in the class text. Well, Keynes was a contrarian trader too. Contrarian traders assume greater risks but when they are right they hit it big. It doesn't take too many big trades before they are set up for life. And, Mr. Keynes, before presenting his theories on economics become one of the wealthiest traders in England. Don't take the material he presented lightly. I want you to realize that the economics principles discussed in both ECON 1 & 2 are powerful stuff. One economic principle you'll learn in this text is called opportunity cost. Opportunity cost suggests that your best choice is one that will give you your greatest bang for your buck. If you were to travel to an unknown destination, you'd prepare a map in advance. However, there are so many people working at jobs they don't even like. If they believed in the principle of opportunity cost, they probably would have done some extra homework or some serious thinking before accepting a dead end job. Finding better alternatives is the first step to making a solid career choice. So why am I an option guru? It comes back to opportunity cost. I decided to enter the arena of stock options not only because I can make more money trading options, but because of my strong background in economics, mathematics and statistics. Stock options are complex vehicles and require a well thought out plan, powerful action and a strong evaluation. Yes, opportunity cost, in a nutshell, is planning prior to activity and then evaluation afterwards. There are many other important economic principles like opportunity cost that you will learn about in our economics texts. Economics will become some of the most important classes you'll take. Make it a serious study because macro and micro economic principles made Bill Gates the multi-billionaire he is today. Remember a golden opportunity lies in your reach, so use your time well.
Dr. Steve McQueen Learn How to Trade the Stock Market Please Go Directly to "EXTRA Credit Assignment Two" ~ I specifically created this assignment to teach students how to invest in the Stock Market. Most stock experts charge hundreds (if not thousands) of dollars for the same information you will learn doing this Extra Credit Assignment. So if you have even an inkling of interest, go there after reading this page. Why have I added this EXTRA CREDIT Assignment? Over the years of teaching this class, I have had students ask me to teach them how to invest. I never had the websites to show them how until 2008. Now, that the stock market through the Internet is becoming so assessable to everyone, I thought it was time to help students become direct investors. If any of you have inclinations towards investing, please do this simple Extra Credit Assignment over this term, which will only enhance your understanding of how to invest in the Stock Market. I tend to use this as an EXTRA CREDIT ASSIGNMENT for both ECON 1 and ECON 2 so those who want more practice can even get better. However, I need the dates and the term that are the same so a student won’t submit old graphs after doing it once. I have purposely set up two sites that every Stock Investor should have if he or she wants to become an investor extraordinaire. These sites are very easy and very user friendly too. So if you have any interest in learning how to invest, I would suggest you don’t look back but go to my EXTRA CREDIT portion in this beginning section RIGHT AWAY. Warren Buffet today, has become the richest man on the earth. He studied
"Value Investing" under Graham while he was at Columbia University while working
for him as a student and went off on his own following this for of investing.
Today, now that 401 K's are becoming less available, the ROTH IRA is becoming an
attractive way to invest. I have added a few websites below that will help you
understand "Value Investing" and also how you can learn how to "Value Invest" on
your own. Please peruse them as a means if any of you have a desire of becoming
a more involved investor in the US economy. Dr. Steve Three Websites towards building your personal ROTH IRA accounts: www.weseed.com www.bigcharts.comwww.rothira.com/ Warren Buffet Style Investing Program costing $99 a year. If you don’t want Charles program but it is worth just listening to his video as he points out what Value Investing is. http://www.hiddenvaluesalert.com/index.aspx?page=videoshv3&em=
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