[kperrucci]

Becker Question –

am I the only person who has noticed this or has had this problem?

So, I am studying for BEC and I am the kind of person who uses the index int he back of the book quite often to help me find a topic quickly. In the BEC textbook the index in COMPLETELY OFF, it has been sending me to pages that don’t exist, or the wrong page in the right chapter, or the wrong page in a completely different chapter. (example, GDP is in the econ section in chapter 2, however I am trying to find real and nominal GDP and it sends me to about 10 different pages in chapter one, and none of said pages mentions GDP at all.)

FAR 4/9/2011: 88 (Becker)
AUD 5/16/2011: 88 (Becker)
REG 7/1/2011: 82 (Becker)
BEC 8/3/2011: 91 (Becker and Ninja)

[IwannaBaCPA]

I think that they reorganized the chapters and forgot to fix that…the flashcards are also not in the correct order…

BEC: 79 - April 2011
FAR: 78 - May 2011
AUD: 81 - May 2012
REG: 79 - October 2012
Ethics: Passed - March 2013
I am finally DONE!

[kperrucci]

It is frustrating me so much! Also, another question, the Ninja notes for BEC say that if income elasticity or demand is >1 then the good is a normal good. If income elasticity of demand is <1 then it is an inferior good. At first that made sense to me, but then I read Becker's definition and it makes much more sense. It says that if it is positive (income goes up, demand goes up) then it is a normal good. And if it is negative then it is an inferior good (demand goes down when income increases, and vice versa). This is what I was taught in school. It seems as though the NINJA theory would mean that if my income increased by 100% (100K to 200K), but my demand for luxury cars only increased by 50% then the income elasticity of demand is .5 and therefore an inferior good….but, luxury cars are by no means an inferior good. Does this make any sense? I hate have conflicting information. Jeff?

FAR 4/9/2011: 88 (Becker)
AUD 5/16/2011: 88 (Becker)
REG 7/1/2011: 82 (Becker)
BEC 8/3/2011: 91 (Becker and Ninja)

[kperrucci]

Good old Wikipedia agrees with Becker, should I go with this?

A negative income elasticity of demand is associated with inferior goods; an increase in income will lead to a fall in the demand and may lead to changes to more luxurious substitutes.

A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in demand. If income elasticity of demand of a commodity is less than 1, it is a necessity good. If the elasticity of demand is greater than 1, it is a luxury good or a superior good.

A zero income elasticity (or inelastic) demand occurs when an increase in income is not associated with a change in the demand of a good. These would be sticky goods.

FAR 4/9/2011: 88 (Becker)
AUD 5/16/2011: 88 (Becker)
REG 7/1/2011: 82 (Becker)
BEC 8/3/2011: 91 (Becker and Ninja)

[rknight21]

with the amount of errors and mistake i hear about becker i wonder whats the sense in paying $3,000 for it… I mean I have it and its a good plus to my study bag but I sure didnt pay $3,000 for it. I mean for $3,000 it should be way advance and state of the art.

[kperrucci]

I totally agree! my firm payed for Becker. I'm not sure I'd pay for it if it wasn't free to me.

FAR 4/9/2011: 88 (Becker)
AUD 5/16/2011: 88 (Becker)
REG 7/1/2011: 82 (Becker)
BEC 8/3/2011: 91 (Becker and Ninja)

[Author]

Replies