31 May Question Economics in One Lesson Chapters 1-4 ***VIRTUAL ESSAY ASSIGNMENT: PLEASE ANSWER THE F
Question
Economics in One Lesson Chapters 1-4
***VIRTUAL ESSAY ASSIGNMENT: PLEASE ANSWER THE FOLLOWING QUESTIONS:
There is no macroeconomics without microeconomics. Evaluate this statement and what it matters for all policy considerations including international security and the spread of democratic institutions?
How does international trade affect economic growth and comparative advantage? Discuss the benefits and costs. How might increased trade with a rogue state or “enemy” change strategic relationships?
September 14, 2018 “Exchange and Prices”
Leonard Read, I, Pencil (Link) (2 pages)
Russ Roberts: “Where do Prices come from?” (2 Pages)
Basic Economics Chapters 1-4 (pages 1-62)
Economic Freedom Executive Summary https://www.fraserinstitute.org/sites/default/files/economic-freedom-of-the-world-2016-exec-summary.pdf
Examining the Hayek-Friedman Hypothesis on Political and Economic Freedom http://www.sciencedirect.com/science/article/pii/S0167268110000430
Thought Questions:
Why is it important and relevant that no one person can make a pencil?
What is the concept of interdependency and how does it apply to our daily lives?
What are the five pillars for measuring Economic Freedom?
What are some of the outcomes of Economic Freedom?
What is an emergent order and can it be made using policy changes?
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