Showing posts with label opportunity costs. Show all posts
Showing posts with label opportunity costs. Show all posts

Sunday, August 14, 2011

Your Next Choice (Post #2)

Within the next couple of months you will be making some critical decisions. Do you want to attend college? If so, why? Can you afford it? Does the military appeal to you? Why? How about finding a job? As you see below, the more college you complete, the greater earning potential.


But as you can see, the cost of college is increasing rapidly.

Soaring College Tuitions

The military offers some incentives for you to join.

What are the trade-offs and opportunity costs of these decisions? Which one makes the most sense for you? Why? Our in-class debate on Friday will deal with this topic.

Tuesday, August 17, 2010

A Participatory System (Post #2)

A recent New York Times article describes how young people (ages 18-25) are not likely to participate this year's mid-term elections. Less than 25% of eligible voters in this age group are expected to vote this November. (Please read the linked article). Many experts argue that Obama won the 2008 presidential election largely because he inspired young voters to turn out at the ballot box. Looks like the tone has changed; young people have lost their motivation.

Sadly, seeing young people disengaged from the political system is nothing new. Why do young people frequently feel left out of the political system? What would make the young (and all age groups) participate more regularly in politics and voting? A potential law in California a few years ago would have given 17 year-olds a half a vote. Would that help? Why do citizens in other industrialized nations vote at higher levels than Americans? How would you change the current political system to appeal more to young voters?

On the economic side, how does the scarcity of young voters impact how politicians behave? What are the opportunity costs to our society of not voting?

Please reply to this post by the end of the week. Cite your sources when applicable.