Market Experiences: What is your experience as an “actor” in markets? Be creative! We are all consumers, so think about other ways you “act” in the economy.
Economic Justice: Why is “Economic Justice” harder to evaluate that “Criminal Justice?”
Market Practice — gasoline: Consider the market for gasoline. What do we predict will happen in the market for gasoline when a significant portion of car owners change from sedans to SUVs? Describe what happens in GREAT detail! Follow up: who losses after this shift?
Market Practice — handbags: Consider the market for leather handbags. What do we predict will happen in the market for leather handbags when there is a significant increase in the demand for beef? Follow up – what happens in the market for non-leather handbags?
