Post university eco 202

Post-University ECO 202 Discussions
Get help for Post-University ECO 202. We provide assignment, homework, discussions and case
studies help for all subject Post-University for Session 2015-2016
ECO 202 UNIT1 DISCUSSION
According to the Wall Street Journal, "Rent control disproportionately subsidizes the affluent. A
Harvard University study in the late 1980’s found that rent-controlled apartments were in some of the
city's best neighborhoods, that 94% of their tenants were white, and roughly three-quarters of their
occupants were families without children." Do you think NYC should maintain rent control?
Remember, relate your responses based on the supply and demand materials we’ve covered.
http://www.justquestionanswer.com/viewanswer_detail/ECO-202-ECO202-ECO-202-UNIT-1-
DISCUSSION-According-to-the-43750
Patients in need of an organ transplant, such as a kidney, are typically placed on a waiting list and
have to wait months or even years to receive it. Often, the patient cannot wait this long but there is
nothing they can do as they buying and selling of organs is illegal. Should someone be able to sell
one of their kidneys if they choose to? Should those in need of a kidney one be able to purchase
one? What would be the pros and cons to each choice and how does this apply to consumer and
producer surplus?

DISCUSSION-Patients-in-need-43751
We are all affected by externalities. Environmentalists would love to see any type of pollution banned
completely. Do you agree with them? Or do you side with most economists, who argue that some
pollution is better for society than none at all. To take this one step further, Phil Knight, as well as
many others, has major production/manufacturing facilities located in some of the poorest regions of
the world. Ever wonder why? Have you ever bought a NIKE article? Would you again and what do
you say to those who disagree with you? Explain your answer carefully
DISCUSSION-We-are-all-affec-43752
ECO/202ECO202 ECO 202 UNIT4 DISCUSSION
In many countries bribery is actually an accepted, understood, and expected way of doing business.
To this end, you own a company and you’re in, of course, a competitive market. What is the
relationship between corruption in a country (i.e., bribe-taking by yourself, government officials) and
the economic growth of your company? Do you take the bribes? Is corruption always bad?
DISCUSSION-In-many-countr-43753

In this week’s materials, there are highlights that emerge. Monopolistic competition is characterized
by many producers not fixated on price but rather on the products, attempting to differentiate them
from those sold by their rivals. Companies that participate in this kind of market use most of their
resources crafting their products so that they are unique and appealing to the consumers. In this
endeavor, advertising is fundamental in informing the consumers of the unique qualities their
products possess over those of their competitors.
In a monopoly, however, the producer does not face any competition and focuses on maximizing
profits. This means that the producer can quote the price he feels like as well as the quantity he
produces.
U.S. colleges and universities can be seen as "firms" in a monopolistically competitive industry. Each
produces a similar product (education), but the products are not identical. A college can raise price
(tuition) without losing all of its students. The product differs by location (students tend to attend
colleges relatively close to home), extent of services (prestige, good sports teams, partying,
contacts), quality, and image (Harvard's image differs from UCLA's).
As "firms", are U.S. colleges and universities, Post for example, monopolistically competitive or a
monopoly? How about compared to Yale? If you were President of Post University, how would you
“increase sales”?
DISCUSSION-In-this-week-s-43754
It’s easy to think we can see wage discriminations. They’re blatant, right? I believe we’ve all seen a
lot of prejudice, in many areas, and probably felt a good deal in some discussion forums with past
courses. It mighthave been totally based on money. We've seen advantaged people dissed, and
disadvantaged people dissed even more. If you're advantaged, does the fact that someone else isn't
or may even be poor, affect or shape your thoughts about them? If you're not advantaged (wealthy),
does the fact that someone else is, affect or shape your thoughts about them? Does it steer your
conversational thoughts? And because you’re on-line, your computer screen is not unlike a mask.
You can actually be whomever, and whatever, you’d like to be. You’re he only one who knows what
you’re really like in this course. Do you expect the advantaged to be boring and fake… - the less
advantaged to be boring and fake, but not always? Is it easier to believe that someone less

advantaged could actually be “pretty cool”? The problem is that the stereotypes in our brains aren't
easy to ignore and you may have judged a lot of people unfairly. For this discussion, you’re a
corporate manager. So be honest; does your perception of others affect your thoughts, inputs and
actions? Maybe your pay is based on the ability to keep employee costs low. How do you decide
who gets what? And try to make the correlation with this week’s materials.
DISCUSSION-It-s-easy-to-t-43755
Income inequality and poverty affect us in many ways we may not think about. Gregory W. is a
homeless man in Louisiana who was arrested for stealing food from a grocery store. The retail value
of the food was $39. He was assessed $339 in fines and fees and was jailed. His charges were later
changed to community service because he could not pay the fines. But when he could not pay the
bus fare to complete his community service, he went back to jail. He spent a total of 198 days behind
bars, and his incarceration cost the City of New Orleans $3,500. (American Civil Liberties Union, “IN
FOR A PENNY: The Rise of America’s New Debtor’s Prisons.”)
What would be a fair way to hold this man accountable for his theft? When you think about
alternative sentencing and what other factors do you think have to be taken into account? What
alternative approaches can you imagine that would be more equitable, especially considering the
fact that you actually paid for this man’s extended stay?
DISCUSSION-Income-inequalit-43756
Asymmetric information is an economic model that examines what happens when one party in a
transaction knows more than another. For instance, an antique buyer may have researched a set of

rare antiques meticulously before showing up to an estate auction and thus may know much more
about a certain piece of art than the seller does. The informational asymmetry between buyer and
seller can lead to a variety of dilemmas and interesting situations. In particular, information
asymmetries cause two problems: adverse selection and moral hazard. So, you own a car you’re
now attempting to sell. You obviously have more knowledge of the car’s quality than most
perspective buyers. And the car does have some problems but it would take a mechanic to find
them, and that would mean additional monies for the potential new owner. Do you reveal al you
know about the car’s problems? Why or why not, and think to this week’s Chapter material.
DISCUSSION-Asymmetric-infor-43757

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