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This is the podcast I would like you to listen to instead of having class this Friday. You have many options - you can listen to it from the website, download it and listen to it on the go, or read the audio transcript. This will also be used for the C.E. quiz so feel free to make comments on the blog as well.
Here are some questions to guide your listening - What does signaling mean? How is this podcast related to the concept of utility - consider the "willingness to pay" discussion? Were consumers of solar panels always making the best decision? Questions for discussion: Do we "signal" with our everyday clothes and lifestyle choices? Are there any other goods you can think of that are designed to be different and gain market share? Not required: Here is a link to the journal article by the Sextons if you would like to read it. One of the most widely debated and polarizing topics lately has been "Obamacare." This blogpost from the Economist describes what will be happening in the Supreme Court over the next few days with relation to the healthcare law. In this article I want you to read the introduction and the section titled - "Tuesday: The Individual Mandate." How could this law affect you as college students? If you are against the bill, could you provide an argument in favor of the bill?
Potential current events question: One of the goals of the individual mandate is to lower healthcare costs - using either supply/demand or the concept of moral hazard, explain why this will or will not work All blog posts since 2/20/2012 are fair game for the CE quiz this Wednesday. Be sure to read the blog post that accompanies each article as well as the article itself. Good luck!
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