post university eco202 all week discussions

post university eco202 all week discussions

Question

Unit 1 discussion

In your opinion should our government impose price floors and/or price ceilings in our economy? Do they do more harm than good?

Do you feel there is an excessive amount of regulation in our economy in general? Why or why not?

Make sure to stay on topic. If you want to discuss something else, please use the "Optional" discussion thread. Also, please respond to at least

two of your classmates' posting.



Unit 2 Discussion

This Unit looks at the costs of taxation on products in our economy.

Do you feel we are overtaxed in our economy? Why or Why not?

Do we have too many imported goods in our economy? Why or Why not?

Make sure to stay on topic.

If you want to discuss something else please use the "Optional" discussion thread.Also, respond to at least two of your classmates' posting




Unit 3 Discussion

This Unit we look at externalities and public goods.

Please give an example of an externality (positive or negative) that you have experienced AND a benefit from a public good.

Make sure to stay on topic. If you want to discuss something else please use the "Optional" discussion thread. Also, respond to at least two of your

classmates' postings.




Unit 4 Discussion

You are a utilitarian social planner and have a very limited number of vaccines to a new and potentially deadly virus.

How do you allocate them? Do you:

give them to specific groups, such as high-risk populations, or

sell them to the highest bidder and rebate the revenue lump-sum to everyone?

If you choose (A), do you allow those individuals allocated the vaccine to sell their dose to someone else?

Remember -your goal is to Maximize Total Utility.

Make sure to stay on topic. If you want to discuss something else please use the "Optional" discussion thread.

Also, respond to at least two of your classmates' postings




Unit 5 Discussion

We have now looked at the four economic market models.

In your opinion, which is the best market model and which is the worst?

Please give examples to back up your thoughts.

Also, give an example of your best and worst market model.

Make sure to stay on topic.

If you want to discuss something else please use the "Optional" discussion thread.

Also, respond to at least two of your classmates' posting





Unit 6 Discussion

In this Unit we have looked at some of the factors of production such as labor.

Do you feel you are fairly compensated for the work you do?

Do you feel there are any imbalances to our wage structure in our economy? Please use examples to back up your thoughts.

Make sure to stay on topic. If you want to discuss something else please use the "Optional" discussion thread.

Also, respond to at least two of your classmates' postings.




Unit 7 Discussion

In this Unit we have looked at earnings and a view on education and its impact on earnings. In your opinion, do you feel education is important in getting a better job and earning more money. Why or why not? Do you believe there are opportunity costs to furthering your education? If so, what are they? If not, why?

Make sure to stay on topic. If you want to discuss something else please use the "Optional" discussion thread. Also, respond to at least two of your classmates' postings.





Unit 8 Discussion

In Unit 5, I had each of my ECO202 courses take slightly different surveys (if you missed it, it was in Unit 5).

One group answered:

You go to an electronic store to buy a new MP3 player.

When finally deciding on a $55 player, a customer in the store hands

you an advertisement showing the same exact MP3 player is on sale for

$35 at the store 20 minutes down the road. The products are identical, guaranteed to be in stock, and come with the same warrantee. What store do you make the purchase?

A) The current store you are in for $55

B) The store 20 minutes away for $35

And the other group answered:

You go to an electronic store to buy a new Digital Camera.

When finally deciding on a $500 camera, a customer in the store hands

you an advertisement showing the same exact camera is on sale for $480

at the store 20 minutes down the road. The products are identical, guaranteed to be in stock, and come with the same warrantee. What store do you make the purchase?

A) The current store you are in for $500

B) The store 20 minutes away for $480

In each case the savings was $20 to travel the 20 minutes. Classical economics would tell us the two decisions would have the same benefits and costs (including opportunity costs) associated with it. Why then did 89% of you choose to travel for the MP3 Player, but only 40% travel for the same savings for the digital camera? Can behavioral economics give us insight into these results?Make sure to stay on topic. If you want to discuss something else please use the "Optional" discussion thread. Also, respond to at least two of your classmates' postings