Schedule for Week of 9/30

By Anonymous -
DAY 1: Discussion of Ariely, Predictably Irrational chapter 2. A key question: To what extent do people base their current economic choices on their past experiences with price and value? HOMEWORK: Read Colander, Microeconomics chapter 6.

DAY 2: Discussion of Colander chapter 6. A few key concepts: price elasticity; cross elasticity; substitution. HOMEWORK: Study for the quiz.

DAY 3: Quiz on Colander chapters 5-6 and Ariely chapter 2. HOMEWORK: Read the New York Times article "Escaping the Cycle of Scarcity."

DAY 4: Discussion of the NY Times article. A few key questions: What are the underlying causes of poverty? What is the most efficient means of moving people out of poverty?

LONG PERIOD: Discussion of the Economist article "Digital Media: Counting the Change." A key question: How have media companies dealt with the problems associated with illegal downloading?

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