of 1

Its 60 seconds, a cornerstone, and you need to know Adam Smith and Milton Freeman

Published on January 2018 | Categories: Government & Politics | Downloads: 51 | Comments: 0
154 views

Q1 – Free Hand Watch (listen actually) to this https://www.youtube.com/watch?v=4FHxpoQqPTU . Its 60 seconds, a cornerstone, and you need to know Adam Smith and Milton Freeman. Hopefully you are good on this from your previous economics course(s). The premise for us is that people maximize utility (remember “Utils” from any of your classes?) by “spending” (money?) for good (optimal) decisions. At its very core it is about, for us, consumers buying goods and services. Briefly, how do people make the tradeoff decisions to on value received for spending? How do they informed on available choices for their decision? Are they fully informed? Are their decisions optimal for them? Describe a recent purchase decision you’ve made and some of the criteria considered? Q2 – Behavioral Economics WATCH this: https://www.youtube.com/watch?v=wpMLYh-UIsA (

Comments

Content

Q1 – Free Hand Watch (listen actually) to this https://www.youtube.com/watch?v=4FHxpoQqPTU . Its 60 seconds, a cornerstone, and you need to know Adam Smith and Milton Freeman. Hopefully you are good on this from your previous economics course(s). The premise for us is that people maximize utility (remember “Utils” from any of your classes?) by “spending” (money?) for good (optimal) decisions. At its very core it is about, for us, consumers buying goods and services. Briefly, how do people make the tradeoff decisions to on value received for spending? How do they informed on available choices for their decision? Are they fully informed? Are their decisions optimal for them? Describe a recent purchase decision you’ve made and some of the criteria considered? Q2 – Behavioral Economics WATCH this: https://www.youtube.com/watch?v=wpMLYh-UIsA (

Sponsor Documents

Hide

Forgot your password?

Or register your new account on INBA.INFO

Hide

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close