Monday, January 24, 2011

Macro question 1/24/11: Better than GDP?

So, some students think GDP is an inadequate measure of the economy. Can you think of a better measure? What is it and why is it better?

Micro question 1/24/11: Demand or Supply?

Which "Law" is more powerful: demand or supply? Why?

Wednesday, January 19, 2011

To Consume or Not Consume

Do you think we should adjust our "mix" of production to include more capital goods (versus consumption goods)? Why or why not?

Sunday, January 9, 2011

Fairest of Them All?

Idea, idea in the text...

Which of the 10 Big Ideas in Chapter 1 of Cowen and Tabarrok is "fairest" of them all? That is...which idea do you think is the most relevant to critical thinking and/or decision making? Explain in a sentence or two why you choose the idea you do.