BCOR 1015 Lecture Notes - Lecture 8: Avoidance Speech, Externality
Document Summary
Next position statement is 250 words, not 500. Day 4 readings due on day 3, day 3 reading optional. Exam on march 2, review on feb 28th. 3 people stand on one side of the room, yelling words for 1 person on the other side to write down, trying to get as many words as possible in the shortest amount of time. 6 more people are chosen, 3 more people yell words, 2 people write, and 1 person is the timekeeper/checker of spelling. Scarce resources, trying to harness resources the best way possible. Helbling- externalities: prices do not capture all costs. Did not have a very strong opinion like the other readings. More focused on negative externalities than positive. Making friends along the way in school. When there are differences between private and social costs or private and social returns the main problem is that the market outcomes may not be efficient .
