Spring Micro CSUSB Blog #4

Consider your own consumption habits: which good in your budget is most price elastic? Which good in your budget is most price inelastic? I'll let you go on this one for a bit, then I will chime in with my own responses.

Spring Micro CSUSB Blog #3

The next time you think: "I wonder if __________ is an example of demand and supply"....make a note and jot down your thoughts here in the blog. For example, as I drove into the Post Office parking lot, there was a line of cars. Does this have anything to do with demand and supply? Sure! The demand for parking spaces was greater than the supply of available spaces....see?

Spring Micro CSUSB Blog #2

If you have a choice (as a student) between a math problem or a "word" problem, which do you prefer? Why?

Redlands Micro 4/6/11

You are invited to be a part of President Obama's re-election campaign team. Your job is to advise him on economic issues. What three key ideas will you suggest in order to help him get re-elected?

Spring Micro CSUSB Blog #1

Of the 10 Big Ideas, students generally agree "Incentives Matter" is one of the most important concepts in our course. Provide one example from your life where you responded to positive or negative incentives in making a decision. For example, recently the family wanted to go out to dinner. I suggested P.F. Chang's because I had received gift cards to that restaurant. The incentive to go there was stronger because the total bill would be smaller after the gift cards....make sense?

Redlands Micro Question 3/24/11

Markets clearly do not operate efficiently 100% of the time. Skim the recent headlines of your favorite news source and provide one clear example of market "failure". Please provide your source in your post!

Last Macro Question (CSUSB) 3/16

President Obama has selected you to advise him on the economic policies he should adopt and promote while he runs for re-election. What THREE ideas do you have advise him to focus on? Why?