Activity Stream
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Cat Ho posted an update …
Week 5 - A Linear Economy in a Resource Scarce World
Week 5 A Linear Economy in a Resource Scarce World
Is it possible that Economists got their stories wrong? How did we start with the Economic problem of scarcity but ended up with the drive for endless economic growth? Are there stronger models tha.....More
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Cat Ho commented on Week 3 Update/Reflection …
@Nina Wakefield, Thanks Nina for sharing the very human experience of the intersection of social stratification, discriminatory policies and the workings of the market system - what you share is very poignant and something we all need to hear,...More
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Cat Ho posted an update …
Wonderful discussions and ideas - from the historical context of the GDP to "it's all about consumption". So here's this week's reflection update -
“What are the ways I have been “banked” in my education that creates a sense of unbridled faith in...More
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Robin Ford Coron commented on Week 4 - Gross Domestic Product …
I would love to see what a government policy that blends GDP, Gross National Happiness (GNH), Genuine Progress Indicator (GPI), and Social Progress Index (SPI) as key metrics and part of the research phase would look like.
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Cat Ho posted an update …
Week 4 - Gross Domestic Product
Week 4 The Gross Domestic Product (GDP)
The GDP is one of the most ubiquitous Economic indicator used in our world, yet, how is the Gross Domestic Product actually derived? What is the history to the invention of this statistic and why does the GDP.....More
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Cat Ho posted an update …
Thanks everyone for engaging and raising really powerful insights and questions. This week's reflection question is -
Explain an economic assumption that you have long held about labour and share 1 way you would like to re-frame your understanding...More
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Tammy Cheng commented on Week 3 - The Labour Market …
What sort of universal basic income has he suggested? I think it could be different in different regions even just within the same country? I feel like government incentives might have swayed those who are unsure about having children to at least a...More
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Robin Ford Coron commented on Week 2 Update/Reflection …
@Kristina Pilgueva, Your inquiry delves into the pivotal debate between consumer influence and governmental regulation in mitigating negative externalities produced by businesses. Consumers, indeed, wield a degree of power through their...More
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Cat Ho posted an update …
Week 3 The Labor Market
One of the most important market is the Labour Market – how does pricing work and how are wages and unemployment levels determined? Economists have tended not to favor raising minimum wage because they seem to cause the pric.....More
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Cat Ho posted an update …
Hi everyone, wonderful to be co-learning with you!
This week as we learn more about what prices mean (what they can tell us but also what it hides), please respond to this prompt -
"Think of a good or service that you enjoy, in what way are you...More
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Cat Ho posted an update …
Week 2 - When Pricing Fails - Externalities
Week 2 - When Pricing Fails: Externalities
If the invisible hand/ price mechanism works to allocate resources so well, why do we see exorbitant pricing? Wastage? Shortages?
One way to explain this market failure is to understand that whenever peop.....More
I appreciate the comments made above. The simplicity of the system is such that one does not think there could be anything wrong with it but as we look closer we can see the strands unravel and with it, our society. Our local and global societies...More