Archive for the ‘Discussion prompt’ Category

Pub In A Box   Leave a comment

tigin-irish-pub-jfk7-495327b4eee1022a05b5beafa9f476a3da8fb717-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/04/12/523653040/episode-764-pub-in-a-box

Summary: Irish Pubs are everywhere, even in places like Hong Kong and the Ivory Coast.  One architecture student from Ireland, Mel McNally, began selling the Irish Pub to other areas.  Planet Money discusses how the Irish Pub is shipped in a box all over the world, and people will flock to it.

Original Air Date: April 12, 2017

Length: 17 minutes 19 seconds

Discussion Question: Who are Mel’s competitors in the market if he has control of the Irish Pub concept? What is the market structure?

Can Samsung Give Us What We Really Want?   Leave a comment

SKOREA-SAMSUNG-TELECOMMUNICATIONSLink: https://www.marketplace.org/shows/marketplace-tech/04212017-mtech

Summary: After the failure of the S7, Samsung has released the S8 hoping to bait customers into switching from the iPhone.  Marketplace introduces whether or not the S8 is ready to take over market share from the iPhone.  They also introduce how using technology in Arizona has affected tourism.

Original Air Date: April 21, 2017

Length: 6 minutes 26 seconds

Discussion Question: Explain the market of tourism; who are the competitors? How is market share achieved? What role does technology play? Also, is there demand for Samsung, or are they too far behind on the iPhone?

Posted August 8, 2017 by jamezweb in Discussion prompt, Efficiency, Incentives, Market structure, Technology

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Uploading the Human Mind to a Machine   Leave a comment

SPAIN-TECHNOLOGY-ROBOTLink: https://www.marketplace.org/shows/marketplace-tech/2017-03-23

Summary: Technology has become increasingly present in various markets.  ESports is an up and coming sports league that is centered around video games, and artificial intelligence involves uploading the human mind into a machine.  These are two recent trends in the technology sector that Marketplace discusses in this podcast.

Original Air Date: March 23, 2017

Length: 7 minutes 12 seconds

Discussion Question: How does advancing technology impact jobs? What effect does it have on unemployment, if any at all?

Eagles vs. Chickens   Leave a comment

white-oak-pastures-bald-eagles-3-2--8a659fb85864863fa192f7d90300cd9bfecde5b2-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/02/03/513302816/episode-752-eagles-vs-chickens

Summary: One farmer had what seemed like a great environmentally conscious plan to fertilize his soil.  However, Eagles threw his plan of offering Whole foods consumers organic chicken into disarray.  Planet Money discusses how the unintended consequences impacted farmer’s plan.

Original Air Date: February 3, 2017

Length: 17 minutes 28 seconds

Discussion Question: What were the unintended consequences of the farmer’s choice to use chickens to fertilize the soil? Explain how unintended consequences are important to economics.

A New 3-D Pen Lets Kids Create Their Own Toys   Leave a comment

3DoodlerSeaLink: https://www.marketplace.org/2017/02/22/tech/3d-pen-kids-wins-best-toy-award-toy-fair-2017

Summary: Educational technology toys are a hot new trend in the toy market.  One company, Bogue, introduced a new concept allowing kids to create their own toys through a 3-D printer.  Marketplace introduces how Bogue is competing with giant toy companies.

Original Air Date: February 22, 2017

Length: 3 minutes 15 seconds

Discussion Question: What are some of the advantages and disadvantages Bogue has with creating a new category in the market? How does this impact competition?

Farmers Hack Their Equipment to Evade Tractor Company Policies   Leave a comment

Statewide Drought Forces Californians To Take Drastic Measures For Water ConversationLink: https://www.marketplace.org/2017/03/27/tech/farmers-hack-their-equipment-evade-tractor-company-policies

Summary: Farmers are hacking into their own tractors in order to fix them, rather than pay for a dealer to fix it for them.  Marketplace introduces this situation and explains why tractor owners aren’t satisfied with this developing market concentration in the repair market and what they hope to do about it. .

Original Air Date: March 27, 2017

Length: 3 minutes 2 seconds

Discussion Question: What impact does forcing tractor owners to go through dealers for repairs do for competition in the market? Who benefits from this system more, the owner or the dealer?

Why Do We Tip?   Leave a comment

tipping-71e24965a60e3a967405193ceb365075c19afd1d-s1600-c85.jfifLink:   http://www.npr.org/sections/money/2016/01/20/463726763/episode-283-why-do-we-tip

Summary: Tipping has become a staple in many industries in today’s society.  The common belief is that with better service results in a better tip.  Planet Money discusses whether a tip really is an incentive to give better service, or if it is now expected regardless of service.

Original Air Date: January 20, 2016

Length: 17 minutes 36 seconds

Discussion Question: Is it unethical to not give a tip if good service was given? Or is it unethical to expect a tip given it is a loss for the consumer? Discuss the incentives and utility for both the consumer and employee regarding tips.