Overview
Ends Apr 14
Must post first.
The topics for week 1 follow the format "Topic #." There are 3 topics.
Participation Rules
Students must post a minimum of 3 entries per week in at least 2 separate days. Notice, that it is not 3 entries per topic, it is 3 entries in total. Do not wait until the last minute to respond to the threaded discussion. Doing it will certainly not benefit the group learning experience.
Content Rules
All entries need to meet the criteria of being content driven, complete, considerate, and 1 idea/1 paragraph:
- Content Driven – this requirement means that the student actively thinks about the question or position stated and adds value to the discussion. Comments such as “I agree” or “That’s right” are not content driven and will not count as valid entries.
- Short but Complete – Limit your posts to 1-2 paragraphs. However, thoughts need to be fully developed to ensure that when other students and the instructor read the comments they are cogent and coherent. This also means that the entries need to be written in proper business communications format.
- Considerate – The comments are academic discussions not personal attacks. While you are certainly encouraged to express positions that disagree with other’s thinking, your thoughts must be presented as academic alternative positions with justification and examples to support your alternative position. I will indicate to the entire class what comments are personal attacks and these comments will not count as valid entries.
- 1 idea/1 paragraph - The entire paragraph should present ONE single idea. If you have other idea, that should go in a separate paragraph. Within a paragraph, the 1st sentence reflects the most important message. Following sentences support the idea mentioned in the 1st sentence. The last sentence concludes the idea.
- Clearly label the topic (Topic One, Topic Two or Topic Three) you are discussing.
Grading Rules
Threaded discussions start on Monday and end on Friday midnight of each week, and grading will be done on Monday of the next week. However, I will moderate the discussions on Wednesdays and Fridays of each week and give some feedback. In terms of grading, if you post 3 or more entries that meet the previous criteria (Content Driven, Complete and Considerate) you will get 100 points. If you post 2 valid entries, you will get 70 points, and if you post only 1 valid entry, you will get 40 points.
Topic One: Substitutes and Complements
- How do retail stores display their merchandise taking into account substitute or complementary goods? Give some examples.
- Have your purchases been influenced by these marketing techniques? Give some examples.
Topic Two: Measuring Opportunity Cost
The following You Tube Parent Decision clip is good for opportunity cost (Skip the add). However, it doesn't show how to measure it.
How would you suggest to measure the opportunity cost of the parent in the video? How would you measure the opportunity cost of the kid?
Topic Three: Marginal Analysis, Opportunity Cost
We read this week that opportunity cost must be used to make rational decisions, we also read that people should make decisions after considering marginal benefit versus marginal cost.
Could you think in situations that you could use opportunity cost, marginal benefit and marginal cost concepts to make your own decisions? Provide examples.
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