ECO 205 Week 1 DQ 1 and DQ 2
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Discussion Question 1 Due Date: Day 2 (Main forum)
Post your response to the following: The principles of economics influence your decision-making, interaction with others, and the economy as a whole. Provide one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer?
Discussion Question 2 Due Date: Day 4 (Main forum)
Post your response to the following: Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policy makers differ depending on which role an economist assumes? Define positive and normative analysis and use these terms in your answer.
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