Click on the link to do the simulation. Click on prove it and then find a job. How did you do in the simulation? What was the hardest decision to make? Do you have to compromise any of your morals in order to survive? If you were a representative in congress what you suggest as a solution to a problem presented in the simulation? What challenges would your solution face? Look at your classmates solutions, what challenges did they not fully appreciate in their respective solutions?
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Use the film "Inequality for All" as reference for this blog assignment. Part I: Answer one of the following three questions 1 What is happening to the middle class, #2 Why is it happening?, #3 According to the film Is what is happening a problem and why and do you agree or disagree and why? (Hint #3 is the more interesting question and better potential for a high grade). Part II: Answer one of the following questions- Why is some form of inequality inevitable in free market based system? Who are the job creators in America and why? What is the biggest driver of the US economy and why?
Click on this link and listen to the associated story regarding the market for buying new cars.Answer at least two of the following questions: Identify two reasons why people do not like the car buying experience? How is the new car market different than other markets? What role does the government play in the new car market? What are the costs and benefits to the current market structure for new cars? Who are the winners and losers in the car market and why? How did the current laws for the car market come about? Why did Scott Pinker's initial business idea fail? How would you improve upon the the shortcomings of the car market and what would need to happen to get it done?
Click on one the following articles: salt, college,or cab ride.
What is happening in your article? If there is government involvement, what are the costs and benefits? If there isn't, what are the costs and benefits? What do you think, do the costs outweigh the benefits or do the benefits outweigh the costs? Click on one of the following: pizza, college, or beer,
Pizza: If you clicked pizza, what is the premise of the story? Why is the situation the way it is? Is negative in following the logic presented? Give another example of something that follows the same pattern as pizza? Any dangers to applying the pizza buying logic to your example? College: If you clicked college, what is the premise of the story? Do you agree or disagree? Why? Why would the offer a discount? Beer: If you clicked beer, what is happening in the story? What is the market similar to? Why do you suspect the prices are doing what they are doing? Rich man, poor man (Blue group due Thursday 2/6/14 at 23:59, Orange group Friday 2/21/14 at 23:59)2/4/2014 Click on the this link to a map of the US illustrating poverty levels across the United States. Pick one state to answer the following questions (each student should do a unique state. No two people should do the same state). What state did you pick? What is that state's current minimum wage? How much would an individual earn per year if they work 40 hours a week for 50 weeks a year? Would they below the poverty line? What county had the lowest percentage of people living below the poverty line? What was it? What county had the highest percentage of people living below the poverty line? What was it? Go visit the county website of the poorest county, what kind of jobs do they promote? What do you think accounts for the income gap between the two counties you selected? Would a change in minimum wage help or hurt the situation? Why? ATTENTION Orange group: Try to pick a unique state.
Click one of following links: minimum wage, mezcal, black market. What was your selection about? Give an example of a way of economic thinking from your selection. What "lesson" did you learn from the selection? Click on the following link, federal budget. Your job is to eliminate both the 2015 and 2030 shortfall. How did you do it? Did your primarily rely on cutting programs or by increasing taxes? What had the biggest impact? Pick one item, what as the opportunity cost for your decision? Who would not like your plan? Why? Who would be for it? Why?
You have two options on this one. Option 1 is to go the following link and listen. What does the job number suggest about the economy? What is available credit refer to? According to the author what does the indicate about the economy and why?
Option 2 is to go to the link and either listen or read the article. What is the recent trend in health care costs? What is the assumed reason this trend is taking place? What does the auther suggest? What do you think is the long range trend and why? What if anything can the government do about it? Watch the following video regarding bitcoin. What is bitcoin? Why does it work as money? Why does it have value? What could be the positive about the lack of of government and back involvement? What are its shortcomings? Do you think it will work? Why or why not?
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April 2014
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