AT Micro/Macro Economics

1. What is arbitrary coherence? Cite examples. Why is this concept a different view of human choice than is seen in the forces of supply and demand? 2. Why does Ariely think that the truth is relative even when it shouldn’t be? Cite examples. Is there anything we can do about the relativity of truth? 3. What is elasticity? What does it mean to say that something is perfectly inelastic? Elastic? Why is elasticity important if you are running a business? 4. Why are the concepts of supply and demand more useful concepts in micro economics than macro? 5   What are third Party Payer Markets? What is wrong with them? Cite several examples?

https://www.nytimes.com/2019/09/20/business/liberal-arts-stem-salaries.html?smid=nytcore-ios-share

https://www.nytimes.com/2019/09/21/climate/united-nations-climate-change.html?smid=nytcore-ios-share  

The Economist | The gig is up in California https://www.economist.com/united-states/2019/09/14/new-rules-in-california-could-reshape-the-gig-economy?frsc=dg%7Ce

https://www.npr.org/sections/money/2019/09/17/761312221/does-it-pay-for-companies-to-do-good

https://www.wsj.com/articles/u-s-antitrust-enforcers-signal-discord-over-probes-of-big-tech-11568663356?emailToken=04f3a37d4a7f9f845cfd2e087fbfd89f/mKdm3E63ibFaOe8CBQb75kmEB52KzsmOrlPZRP8cPKwJVrHtJjdQaXK6ndnutBKvRkhDS1rokVhHRQ/e7DD3piqkGDlDXM1HXYppulz69zX8thQKOlltgwltY/kB3p8&reflink=article_copyURL_share

https://www.nytimes.com/2019/09/15/technology/university-of-chicago-technology-antitrust.html

1, In an essay weigh the costs and benefits of the Amazon Way. 2. Using the production possibility curve, opportunity cost, and comparative advantage, explain why economists like free trade. 3. What is the price mechanism? How can it be fully utilized? Cite examples. 4.Explain the different roles of government as an actor in the Economy. 5. Explain some of the most pervasive cognitive biases. Can they be corrected for?

https://www.nytimes.com/2019/09/13/technology/amazon-apple-facebook-google-antitrust.html?smid=nytcore-ios-share

https://www.nytimes.com/2019/09/05/us/amazon-delivery-drivers-accidents.html