Macro Questions 2/7/11

What was the single most important thing you learned from watching the short film "The Crisis of Credit"?

Micro Question 2/2/11

Consider your own consumption habits and budget; which item in your monthly expenditures is most elastic with respect to price? Which item is least elastic with respect to price? Why? (For example, I shared about my own very elastic demand for "Starbucks" coffee...)

Macro Question: February 2nd

How would you explain the concept of diminishing marginal productivity of capital to a 5th grader? (Remember: 5th graders are pretty smart people).

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?

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?

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.