Incentives and DisincentivesWhether you realize it or not, we are constantly being convinced to change our behavior. Someone may want us to do more of something, someone else might want us to do less of something else. If a choice is incentivized, there is a reward for doing more of it. If there is a disincentive, there is a punishment. Please think of two examples of this, they could be incentives or disincentives, and post them to the Incentives and Disincentives assignment on Google Classroom. Rent in PortlandIn 2020, the issue of rent control was on the ballot in Portland. The short definition for rent control is that the government steps in and makes it so that rent can only be raised so much. Head to the Rent in Portland assignment on Google Classroom. Read the article on this issue from the Portland Press Herald. Please find three pros and cons of rent controls and then explain whether or not you would have voted for the measure. Crash Course: Price ControlsLet's find out exactly what the government does to help people out. Please head to Google Classroom to the Crash Course: Price Controls assignment. Please answer the questions based on the video posted there or you can find it below. Incentives gone wrong
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Your to-do list
Change the priceSome goods should definitely be cheaper. Others, sellers could probably get more for and maybe should. Brainstorm of list of goods that you feel should be made cheaper or more expensive. Be prepared to explain why. Please post your ideas to the Change the price question on Google Classroom. Kid Rock versus the ScalpersSales for tickets to big events are rarely in equilibrium but Kid Rock may have found a solution to that issue. Check out this episode of NPR's Planet Money to see what he's doing about it. Please head to Google Classroom to answer a few questions about the episode as well. Incentives and DisincentivesWhether you realize it or not, we are constantly being convinced to change our behavior. Someone may want us to do more of something, someone else might want us to do less of something else. If a choice is incentivized, there is a reward for doing more of it. If there is a disincentive, there is a punishment. Please think of two examples of this, they could be incentives or disincentives, and post them to the Incentives and Disincentives assignment on Google Classroom. Rent in PortlandIn 2020, the issue of rent control was on the ballot in Portland. The short definition for rent control is that the government steps in and makes it so that rent can only be raised so much. Head to the Rent in Portland assignment on Google Classroom. Read the article on this issue from the Portland Press Herald. Please find three pros and cons of rent controls and then explain whether or not you would have voted for the measure.
Elasticity
What do all these artists have in common? They like to sing about different types of elasticity. Let's use them to learn more about the concept.
Please answer the question Got to have it... or not on Google Classroom. Supply and Demand;
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January 2024
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