a. What did you learn in this class that you believe will be most directly applicable to understanding how the world works?
The most directly applicable concept that we had gone over in
class would be supply-and-demand curves. People are rational. Let a person who
would buy a can of Mountain Dew for $1 be given. That person would buy ten
Mountain Dew if the price of the soda was $1, but if the price was to increase
to $5, the person would only buy two instead of ten. Perhaps this process was
too obvious. However, the supply-and-demand curve successfully illustrates this
abstract concept into a very concrete graph for everyone to understand; the
same thinking can be applied to other products and the people in similar
situations. Now, the students can see why people would buy less if the price
was to increase and buy more if the price was to decrease.
b. What topics are you interested in
learning more about, after this class ends?
An interesting discussion topic/ topic that I would like to
learn after this class would be what is true price of our liberal arts
education. Many students at Kalamazoo
College pay a lot of
money to go here. It would be not only educational but motivational if we learn
and explain to ourselves what the economical cost of this education. Some may
think that it is an investment while some may think that this is a too costly.
I would be interested in what others have to share about the topic.
c. What advice would you give to a student
considering taking this class?
Although many discussions are opinion based, they do require
some basic knowledge of economics. I would strongly suggest that students who
take this class to have taken Economics 101 at least. They would contribute a
lot more in discussion and be more interested what is being talked about.
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