Advanced Topics: 1. How can economic models be used to analyze and predict financial crises? Discuss the role of asymmetric information and moral hazard in financial markets. 2. What are the theoretical foundations of economic growth? Analyze the role of technological innovation, human capital investment, and institutions in promoting long-run economic growth. 3. Can happiness be measured economically? Discuss the concept of utility and its limitations in capturing subjective well-being. 4. How can economic theory be used to address complex social issues like poverty, discrimination, and crime? Discuss the role of economic incentives and policy design in promoting social justice. 5. What are the ethical considerations of using economic models to inform policy decisions? Discuss the potential for bias and the importance of considering distributional effects.
Advanced Topics: 1. How can economic models be used to analyze and predict financial crises? Discuss the role of asymmetric information and moral hazard in financial markets. 2. What are the theoretical foundations of economic growth? Analyze the role of technological innovation, human capital investment, and institutions in promoting long-run economic growth. 3. Can happiness be measured economically? Discuss the concept of utility and its limitations in capturing subjective well-being. 4. How can economic theory be used to address complex social issues like poverty, discrimination, and crime? Discuss the role of economic incentives and policy design in promoting social justice. 5. What are the ethical considerations of using economic models to inform policy decisions? Discuss the potential for bias and the importance of considering distributional effects.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Advanced Topics:
1. How can economic models be used to analyze and predict financial crises?
Discuss the role of asymmetric information and moral hazard in financial
markets.
2. What are the theoretical foundations of economic growth? Analyze the role
of technological innovation, human capital investment, and institutions in
promoting long-run economic growth.
3. Can happiness be measured economically? Discuss the concept of utility
and its limitations in capturing subjective well-being.
4. How can economic theory be used to address complex social issues like
poverty, discrimination, and crime? Discuss the role of economic
incentives and policy design in promoting social justice.
5. What are the ethical considerations of using economic models to inform
policy decisions? Discuss the potential for bias and the importance of
considering distributional effects.
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