Archive for the ‘marginal utility’ Tag

13,000 Economists, 1 Question   Leave a comment

Link: https://www.npr.org/2020/01/09/794977811/episode-963-13-000-economists-1-question

At the American Economic Association annual conference, some of the brightest economists answer the question, “What is the most useful idea in economics?”. Answers range from the idea of opportunity cost to thinking at the margin.

Original Air Date: January 10 2020

Length: 21 minutes 1 second

Discussion Prompt: What do you believe is this most useful idea in economics and why?

Written Prompt: Develop your own list of your top ten (or top 5) ‘most useful ideas’ in economics. Be sure to explain WHY you’ve made your selections.  You may use up to 3 of those referenced in the podcast, with your own explanations! The rest must be your idea. 

The Cheeseburger Diet   Leave a comment

pc-cheeseburger-dubner-burger-300x225Link: http://freakonomics.com/podcast/the-cheeseburger-diet-a-new-freakonomics-radio-podcast/

Summary: In response to the infamous documentary Super Size Me, one woman toured her local area in search for the best burger.  Shockingly, she didn’t gain a single pound despite eating two burgers a week.  Freakonomics discusses the surprising results.

Original Air Date: December 10, 2015

Length: 34 minutes 21 seconds

Discussion Question: What role does utility play in this situation? Will satisfaction of the second burger eaten  always be the same? Explain.