ECON Project with prof. Larisa Ray: Spring 2019 Microeconomics MW 11:45 by Larisa Ray https://padlet.com/lray8/4ai5dfgkwe2f One of the most important goals of teaching economics is to teach students to THINK how to deal with real world economic problems. Despite the fact that there is no universal definition of critical thinking, we can use a statement of Michael Scriven & Richard Paul (1987) and identify this as an intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action. We believed that critical thinking involves identifying, analyzing, synthesizing, and evaluating information to yield actionable knowledge to make effective decisions (Argyris, 1996; Giancarlo & Facione, 2001; Liuetal., 2011; Scriven & Paul, 2005). The development of critical thinking skills in economics class, with a specific focus on collaborative learning (ECON Project) designed to increase student communication, engagement, and collaboration. en-us 2018-12-27 18:34:55 UTC 2026-01-15 14:20:07 UTC hello@padlet.com lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322544504 2019-01-21 00:25:30 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322544504 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322544675 2019-01-21 00:27:24 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322544675 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322545135 2019-01-21 00:32:46 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322545135 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546667 2019-01-21 00:44:33 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546667 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546740 2019-01-21 00:45:05 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546740 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546860 2019-01-21 00:45:33 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546860 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546972 2019-01-21 00:46:01 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/322546972 Active Learning lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/324445627 Consider a perfectly competitive market for Cell Phones in the United States. Suppose that a new technological innovation makes the production of cell phones cheaper. On a clearly labeled supply and demand graph show what happens to the equilibrium price and quantity. In addition, write a brief explanation that states which curve or curves (if any) shift and why.

]]> 2019-01-25 18:24:46 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/324445627 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/325021761 2019-01-28 16:50:07 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325021761 In class review rossbm https://padlet.com/lray8/4ai5dfgkwe2f/wish/325024402 2019-01-28 16:54:03 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325024402 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/325025034 2019-01-28 16:55:01 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325025034 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/325026301 2019-01-28 16:57:02 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325026301 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/325033597 2019-01-28 17:08:49 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325033597 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/325035199 2019-01-28 17:11:00 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/325035199 Solving the Cashmere Crisis lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/326875205  Cashmere products make up $4 billion of the $60 billion global luxury apparel market, according to data provided by Bain & Company. “The cashmere knitwear market is definitely outgrowing the luxury apparel market,” says Federica Levato, senior consultant at Bain & Company, who cites “casualisation of the market” — dressed-down, comfort-led trends like athleisure — as the main driver of demand.
While cotton, silk, or leather — all key raw materials on which the luxury fashion sector depends — can be produced in modified farming systems, cashmere production relies on natural grasslands in limited geographies. As a result, it is especially vulnerable to environmental change.
“The availability of cashmere has suffered because of the degradation of the native grasslands, which the animals depend on for their food,” says Elisa Niemtzow, consumer sectors director at BSR and co-author of Kering and BSR’s report. “We’re talking about changes in temperature, in water availability and in the extreme winter conditions.

]]> 2019-02-01 20:43:32 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/326875205 Externalities in the Cashmere Market. lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/326875477 1. Draw the graph for the cashmere market, showing private and social costs and the private and social equilibrium.
2. Formulate an economic prediction about the cashmere market.  ]]> 2019-02-01 20:44:30 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/326875477 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/332021159 2019-02-16 17:47:55 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/332021159 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/332021207 2019-02-16 17:48:30 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/332021207 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/333262738 2019-02-20 16:41:35 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/333262738 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/333270962 2019-02-20 16:55:35 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/333270962 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/333273488 2019-02-20 17:00:47 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/333273488 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/337155935 2019-03-02 20:47:41 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/337155935 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/337156063 2019-03-02 20:49:41 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/337156063 lray8 https://padlet.com/lray8/4ai5dfgkwe2f/wish/337156862 2019-03-02 20:59:39 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/337156862 Wealth Tax rossbm https://padlet.com/lray8/4ai5dfgkwe2f/wish/353240450 My essay on the wealth tax... Resources are listed at the bottom, so feel free to read the articles linked as well. ]]> 2019-04-23 04:09:02 UTC https://padlet.com/lray8/4ai5dfgkwe2f/wish/353240450