The class today GREAT. I gave it a Check+. We still need more discussion that comes FROM you all first and I must do a better job of allowing for that. Here are some major notes and we'll also have sean, kelsey, and doug post their insights/comments:
-We didn't mention it explicitly but our definition for the year is: Economics is the allocation of scarce resources which have alternative uses.
-The question is then how do we allocate which is what we talked about today
Prices are also subject to our economic principles....we'll see this next lesson and also in supply and demand.
Your prompt for your next journal is: Are prices usually higher or lower in low-income neighborhoods? Why? Think about how much it costs an individual to cash a paycheck.
Finally, your first initial reflection paper is coming up. Choose one of these questions to think about and please discuss with classmates:
-We didn't mention it explicitly but our definition for the year is: Economics is the allocation of scarce resources which have alternative uses.
-The question is then how do we allocate which is what we talked about today
- Prices allocate by helping us to realize the value of an object...and we value those things RELATIVE to their other uses.
- Prices are not just an obstacle to our desires...they are information about how we ought to allocate our scarce resources (ie. time and money)
- Prices enable us to have lots of knowledge (the kind we need) we wouldn't otherwise have without forcing us to know everything.
- Prices allow for things to flow to their most efficient uses
- BUT...prices also have a cost and it doesn't always make sense to use them.
Prices are also subject to our economic principles....we'll see this next lesson and also in supply and demand.
Your prompt for your next journal is: Are prices usually higher or lower in low-income neighborhoods? Why? Think about how much it costs an individual to cash a paycheck.
Finally, your first initial reflection paper is coming up. Choose one of these questions to think about and please discuss with classmates:
Respond to this statement: Decreasing the price of gas will be good for me. It will lower my costs of living. Explain your answer with LOGICAL steps and economic reasoning. (i.e. A occurs which will cause B which causes (or may cause) C and D etc) Are there any exceptions?
OR
Teachers acts in ways that cadets often find baffling. Although most teachers are truly interested in your learning and in making your experience worthwhile they often do things which accomplish just the opposite, why? How would you solve this problem?SEE YOU THURSDAY!
In reference to today’s discussion regarding deployment length and interaction with local Afgani leaders two factors were deemed important, trust and effectiveness. I stated that trust was to be earned by each U.S. commander in the area. By decreasing deployment time, commanders would be less effective in their ability to build relationships with local leaders. During short cycles, they would have to maintain the policies of the previous commanders while working to achieve their own goals. Therefore by increasing deployment time, U.S. commanders can more effectively build relationships and complete their mission.
ReplyDeleteHowever, increasing time abroad must be balanced to avoid burnout of U.S. servicemen. Too long of deployments would be detrimental. Managing the resource of U.S. servicemen’s deployment length is crucial to maximizing effectiveness in theatre.
the crux of the point here is that tribal leaders face different incentives than US forces because US forces are not invested (truly) in the same way no matter how much we say we are. WE come and go...they stay for a lifetime, ultimately the Taliban will also be there. Who do you think they will work with/for? longer duration deployments may reduce some of those issues but probably not all of them.
DeleteIn class, we were discussing the role and the effects that prices had on the economy. I went into detail about how prices convey the reality of scarcity in the economy. The higher the price the demand is high and the supply is low, and vice versa. For information concerning this specific point about prices you can reference the Basic Economics book on page 14. The example the book provides about the beach front property explains the correlation between prices and scarcity.
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