23 Sep An economy results from the choices that millions of individuals make in attempting to satisfy their unlimited wants.
Module 1 Discussion
DQ1 How do you make decisions?
An economy results from the choices that millions of individuals make in attempting to satisfy their unlimited wants. A key economic assumption is that individuals, in making choices, rationally select alternatives they perceive to be in their best interests. Economic choice is based on a comparison of the expected marginal benefit and the expected marginal cost of the action under consideration.
McEachern, W. A. (2019). Macro econ: principles of macroeconomics. Boston, MA: Cengage Learning, Inc.
Discuss your impact of rational self-interest on each of the following decisions.
What helped you make your decisions?
a. What research did you do?
b. Who did you talk to about your decision?
c. What information was critical to your decision?
What influenced your decisions?
a. Whether to attend college full time or enter the workforce full time
b. Whether to buy a new textbook or a used one
c. Whether to attend a local college or an out-of-town college
DQ2 Current Event Article Discussion
Each week, we will discuss different topics relating to Macroeconomics and show examples of real world application through this current event discussion forum.
Each classmate will be responsible for providing an article for discussion. Please read all directions before posting. You only have to post one article throughout the course, so find your name on the list to learn when it is your turn, and what topic to cover! Everyone will “reply” to the articles posted.
Schedule of current event topics and posts dates (Modules):
Module 1 – Chapter 1 – I will provide the article and topic of discussion.
Module 2 – Chapter 2 – Hailey A., Jessica G., Jeel R.
Module 3 – Chapter 3 – Nicholas, B., William G., Sarah S.
Chapter 4 – Ronald C., Megan H., Eli S.
Module 4 – Chapter 5 – Madeline C., Megan K., Matthew S.
Chapter 7 – Kennith C., David K.
Module 5 – Chapter 11 – Katherine C., Amber M., Rolanda V.
Chapter 13 – Ashlee D., Christian O.
Module 6 – Chapter 14 – Deanna S., Cassandra O., Elizabeth W.
Chapter 15- Brian G., Amisha R.
Your task is two-fold:
1) When it is your turn to post an article – Find a current article (6 months old or sooner), provide the link and a short (1 paragraph summary), and the class will discuss thoughts. Your article should reflect the chapter/topic we are discussing. You must post the link to the discussion forum on Monday by 11:55 pm. This will count as a separate assignment, so do not count it as one of your replies toward discussion. This is only when it is your week for the initial reply.
2) When it is not your week to post an article – Reply to other student article posts/summaries. Think about how the topic relates to what we are covering in the chapters. Does this concept affect you directly/indirectly? What are the impacts on economics?
(You are also required to write up a summary of the article, how it relates to the topics we covered in class and your personal thoughts, via a word document. There is a rubric provided under Assignments for the individual assignments. This part will not be due until Module 7, but I want you to be prepared.)
You will receive a separate grade for your post with the article and summary, so it does not count as a discussion reply. If you need more explanation, please send me an email.
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