AT Micro/Macro Economics

Economics Quiz 2, Possible Essay Questions for Janus’ Classes 1. Please explain the “present bias.” Cite examples.         2. Why does the author of “ The Cognitive Biases Tricking Your Brain” think that the “confirmation bias”  is the most “pervasive and damaging”? Please provide some of the  proof that the author  cites for this statement.           3. Why does Ariely think that the truth is relative? Please cite examples of this relativity from his book and your own life.          4. Please explain elasticity. Why is it critical that the owner of a business understand this term and employ the concept of elasticity in running their enterprise? 

https://youtu.be/Ssf_TDsbXuA

Lehman Failed for Good Reasons   https://nyti.ms/2NgKoJT?smid=nytcore-ios-share

https://www.wsj.com/articles/dominos-offered-free-pizza-for-life-in-exchange-for-a-logo-tattoo-it-found-people-really-like-ink-1537120377?emailToken=611f7bc106df3b8fa352ab523a130e604DDeEqRFizdmhv1e5er/+P8WjxEkmqE9lK4whxv9e0j07TxBkigvHAmFqLggrdQTqOOAfTB/gtP+TRgrimFHuJIL3uK9Z/FYBnTOKgtWUIZiMhFAkJpvtFgU+1h9rwScaPHxDmuBn12tVndux5RTNzF5n27OdPcvHC9DJeEGZuw%3D&reflink=article_copyURL_share

Give Women a Chance, and They Will Change the World   https://nyti.ms/2D1wI0C?smid=nytcore-ios-share

I Came of Age During the 2008 Financial Crisis. I’m Still Angry About It.   https://nyti.ms/2Ngm2jp?smid=nytcore-ios-share

Possible Economics Quiz questions. I will choose TWO of them for you to write on 1. What are the costs and benefits of the Amazon Way? 2. What are the costs and benefits of markets? 3. What are the economic concepts that the Production Possibility Curve demonstrate? Be specific and use examples. 4. What are the specific roles that government can play in the economy? Cite examples. 

The Recovery Threw the Middle-Class Dream Under a Benz   https://nyti.ms/2Na9wly?smid=nytcore-ios-share

https://www.vox.com/the-goods/2018/9/10/17826856/fidget-spinners-weighted-blankets-anxiety-products

https://www.wsj.com/articles/warren-buffett-recounts-his-role-in-2008-financial-crisis-1536314400?emailToken=1c91a3c9827c6c65975360496bc8c990tOA8k6GLNrhHLa2teIY+v9Ag8w5vFSprtiatDadG5GhTRgaDZpm/RYCA2+C4NE2Qx+qfa2Qx93fM7ziw3WqB/3+mh/2mmBK/JQurGOGBTpm0lR5LbvGozeBeVZHkBlXm&reflink=article_copyURL_share

https://www.wsj.com/articles/the-financial-crisis-made-us-afraid-of-riskfor-a-while-1536379306?emailToken=fec2e9cfcf2c1892af76d01477bb94019dDJaoigGpM2Wr40ViKxSor4/3ShmpeWtXrCCRw421IDTXMEdQwW5RIeWPGVHKZKg3jj/RWxHn/WqyVTc4V8vcobYdbS/9yWsQJ/5x8RtujJNDlSXNIHHkPT+QzBTflt&reflink=article_copyURL_share

Hard Lessons (Thanks, Amazon) Breathe New Life Into Retail Stores   https://nyti.ms/2NaTNSG?smid=nytcore-ios-share