IB/AP Economics Unit 1 Introduction to Economics Introduction to Economics AP and IB Economics Unit 1 Definitions of social science and economics Definitions of microeconomics and macroeconomics Definitions of growth‚ development and sustainable development Positive and normative concepts Ceteris paribus Scarcity • factors of production: land‚ labor‚ capital and management/entrepreneurship • payments to factors of production: rent‚ wages‚ interest‚ profit Choice Utility: basic definition Opportunity
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I. [Attention Getter] Did you know in 1971 the US college education cost only $500 (cnbc.com). A. Today even our books cost more than that. According to the College Board‚ the average cost of tuition for the 2016-17 year was around $34000 (collegeboard.com). B. Tuition is increasing at a fast rate; in 2005 public college tuition took up about 35% of a typical family’s income but now costs the equivalent of 47% (time.com). II. [Establish Controversy] The total student loan debt in the US as of
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Effects of Higher College Tuition on California Students Hudson Pacific Ocean University EFFECTS OF HIGHER COLLEGE TUITION ON CALIFORNIA STUDENTS
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EC 3101: Microeconomic Analysis II A/P Indranil A/P Indranil Chakraborty All relevant details on EC3101 are in the syllabus The morning office hours on Tuesday will start from the third week of lectures t tf th thi d k fl t Important Highlights Important Highlights • Text book: Intermediate Microeconomics: A modern h approach by Hal R. Varian (8th edition) One midterm and one final exam Please do not email material‚ lecture or exam related questions. Post your questions precisely on IVLE Forum or ask
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College Tuition Although free college tuition sounds like a dream come true‚ there are many more negatives that would out rules the few positives. (bridge) College tuition should not be free in the United States. Making college tuition free will not actually be free‚ public education is primarily funded by property tax. Taxes will go up and all property owners will be paying for the tuition of other students whether they have college aged children or not. Then when the students that are attending
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Andrea Lochen 16 December 2014 College is too expensive College is the key to success or is it the key to being in debt for the rest of your life? College tuition is one the biggest investments one makes and its one the most expensive ones as well. But college wasn’t always that expensive. When applying for college many take in consideration if what they are going to major in will pay off their student loans after they graduate. Or sometimes the price of college scares people off and therefore they
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congratulations. Charles felt immense joy until he saw the tuition fee. All his dreams evaporated because he does not have the money to follow his desires‚ even though he had the potential to do greater things in life if he was given a chance. A milestone in a student’s life journey is college and the feeling of happiness when an individual graduates reflect everything they have sacrificed to get to this point ‚to follow their dreams.Consequently‚ college is not an option for a large percentage of students
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Thesis: College granting free tuition will have an impact. By looking at the cost of tuition for college and university‚ I argue that post-secondary should be granting free tuition to those who want to attend college. It is important because it will have an impact on the number of people in poverty and the amount of people who enter and graduate college‚ and all of the fields would advance more with higher educated workers. Anyone should have the right to attend college without the fear of overwhelming
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your family somewhat low? And in order to create a better life for those who took care of you and yourself is to get into a decent college? This is when the question‚ should lower-class individuals be given free college tuition to further their education? Comes in. My position on this topic is that they should most definitely give lower-class students free college tuition based on their commitment to school in general. They should NOT deny access to higher education based on socioeconomic status
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from 200 to 400 pounds? 5. Can you explain why the answers to parts 3. and 4. above are not the same? What does this imply about the slope of the production possibility frontier? --------------------- References: Grading Rubric Microeconomics: Unit 2 Assignment: PPF and Opportunity Costs | Content | Points Possible | Points Earned | Draw production possibility frontier (PPF) | 3 | | Analyze feasible/infeasible production | 2 | | Compute opportunity cost of increasing annual
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