Discuss the opportunity cost you incur for some activity in your life. Additionally, what activity do you feel you have comparative advantage in?
1.2 Discussion Board
DISCUSSION | GRADED
Prompt
Discuss the opportunity cost you incur for some activity in your life. Additionally, what activity do you feel you have comparative advantage in?
Response Parameters
Explain. Your answers should communicate your full understanding of both opportunity costs and comparative advantage
Recall that any economic terms used should be fully defined to communicate your mastery of the concept
You should seek to put these definitions in your own words
Initial post due by Wednesday at 11:59 p.m. ET
Response posts due by Sunday at 11:59 p.m. ET
Response Posts
Compare yourself to another person. Do you think you might have the comparative advantage over the other person and the discussed activity?
Response posts are due by Sunday at 11:59 p.m. ET”Macroeconomics Introduction”
Sherry Jensen, PhD
This presentation will provide an introduction to your instructor and this course
“Opportunity Cost and Comparative Advantage”
Sherry Jensen, PhD
In this presentation, the ideas of opportunity cost, comparative advantage and absolute advantage will be developed
https://mediacdn.bisk.com/AssetService/preview/?mawID=0a8eda55-c18c-409f-b2f1-9c0645a8f5fc&d=0
“Production Possibilities”
By Sherry Jensen, PhD
The production possibilities frontier will be the main focus of this presentation
https://mediacdn.bisk.com/AssetService/preview/?mawID=af6cca96-cac6-47f1-9dc9-aae038787c0f&d=0
Reading
Principles of Macroeconomics 8th edition
By Frank, Bernanke, Antonovics, and Heffetz
Chapter 1,” Thinking Like an Economist”
Chapter 2, “Comparative Advantage”
Grading
Your posts will be graded according to the rubric
Requirements: 2
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