Model Behavior

one paper of no more than 500 words

You can choose one of the following topics or any topic that you choose must include economic concepts that are applicable.

1. Being smart versus being reach or if you’re so smart why are you not reach ?

2. Are predatory lenders a bad thing or part of the landscape of financial markets

3. should the government guarantee individuals who are economically distraught a guaranteed income

4. is the opportunity cost for attending college exceptionally high if you leave college with significant debt

5. Should economic development in poorer areas be left to market forces or should the government direct efforts

6. Is there significant “rent seeking” in most high paying jobs

Critical concept you can include, but no more than 2 elements

1.Resources (land, labor, capital, entrepreneurship)

2.Efficiency

3.Opportunity costs

4.Costs and benefits

5.Trade (exchange)

6.Scarcity & Competition

7.Rationing devices8.Utility

9.Productivity

10.Decisions at Margin

11.Incentives matter

12.Regulations

13.Law of unintended consequences

14.Ceteris Paribus

15.Model behavior