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OCC Demand Supply and Equilibrium Discussion

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Discussion questions are posted for students to discuss certain topics in the course (personal responses and comments with other student’s input). It is important that you submit your initial response on-time, respond to classmates as instructed, and (most importantly) reply to classmates whom have responded to you.This requires you to check the discussion forum several times over the week. See due dates below, and note that Canvas only allows for one due date to be noted in the system. 

Post your initial response by Wednesday evening at 11:59 pm
Respond to at least 2 classmates by Friday evening at 11:59pm
Continue participating in the discussion (back-and-forth dialogue is encouraged!) until the close of the forum.

Discussion Question:

Based on the class content for the most recent two chapters, create a post that describes something interesting, surprising, or significant. It’s best if you structure your post in the following way: 

1. First describe the economics we learned that you found interesting. Don’t teach the material or just cut and paste. Write in your own words and be specific about what the economics is saying. If there is a graph, include it. If you are talking about a model, you need to describe the economics in it and not simply just mention the model. You need to actually say what the economics is, rather than just mentioning things. So for example, you can’t say, “I liked the supply and demand model.” This is empty. Instead, describe what part of the model you liked and the economics behind it. So you might say, “I thought the demand side explanation was particularly interesting because (blah blah blah….you say why). When we learned that expectations drive demand I never thought of that before. But what we learned makes sense. We learned that when expectations rise, then so does the demand, and therefore prices will eventually rise.”

2. Next explain what was interesting, surprising, or significant about it. So here you would then explain why you chose your comment. Try to say something substantive instead of something empty like “I like this part of the class and found it intersting.” Notice that this is just repeating the question. Students do this all the time…they don’t really answer the question but instead just repeat it. This is college….you need to be more thoughtful than that. Empty answers will be scored very poorly. So take time to think about what you will write instead of just sitting and jotting down your first thoughts. 

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