AP Economics Class Reflection Essay

I have read and understand the Rules Relating to Awards (Rule 3 Section 18 – Academic Misconduct Including Plagiarism) as contained in the SCU Policy Library. I understand the penalties that apply for plagiarism and agree to be bound by these rules. The work I am submitting electronically is entirely my own work.

-Mohair farmers have earned a subsidy from the federal government for decades because the mohair farmers can get large payments from the government without taxpayers ever really noticing because the farmers who get the subsidy care a lot about it, while the rest of us taxpayers (paying mere pennies extra in taxes) do not really care. And, “any politician with a preference for job security can calculate that a vote for the mohair subsidy will earn the strong support of the mohair farmers while costing nothing among other voters” (Wheelan 177).

Using the data and your own economic knowledge, assess the case for financing universities mainly through charging fees to their students.

Introduction: 5 a.m. The alarm clock rings, on a normal day you would dread waking up so early. But today, is not your normal average day. Monday, August 21st, 2017, is the beginning of your first day of a new journey of college as a freshman; the nerves of the unknown lingers on as you sat in the classroom, awaiting your professor arrival. Suddenly, the door swung open and a tall, muscular, Caucasian male walked in, commanding the class attention by his demeanor. The nervousness intensifies as he proceeded to call on the attendance. This is it people! the moment everyone, including your family, have been waiting for; first-generation of your lineage to attend college. Name by name each student signified their attendance by raising their right arm when called upon, but, there’s a problem, your name was not called on. What? How can it be? There’s no way! you are overcome with complete and absolute shock; realizing you’ve been dropped from your classes due to financial aid issue. To continue enrolling, you would have to pay out of pocket. The excitement that was there before, no longer remains. Countless number of young adults are overwhelmed with the reality of college and paying for an education. For many students, each year, they are the recipient of such a catastrophic experience. Unfortunately, I was the victim of this heart-rending incident; imagine a society where financial aid and student loans did not exist, but instead, the necessity of these financial programs would diminish because college tuition would be free.

1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue off of lawbreakers include speeding tickets. The action of speeding can cause more good than harm because of the amount of revenue that speeding tickets can produce, compared to the amount of speeding related automobile accidents that people who

Since the market orientated economic reforms were introduced in 1978 (Khan, Hu (1997, P103) China’s economy has seen a 10% increase in Gross Domestic Product (GDP) Per year (Vincellete, Manoel,

a. What would shoppers see when they shopped in Wal-Mart and the other “big box” stores that sell so many imported items?

Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?

The main point of chapter two is to explain why economies do not have a fixed number of jobs regardless of manpower. This is a common misconception whereas an increase in the manpower of an economy will increase the unemployment rate. However, due to large numbers of migrations that have occurred recently, real world experiments can be observed to understand the impacts. What has been learned from these events is that a reactive economy can handle fluctuations in the size of the workforce satisfactorily. The Mariel boatlift is a good real world example of a large migration from Cuba to Miami had little impact on employment and wages in Miami. The economic explanation for this illogical occurrence is due the ability the Miami economy was

SABMiller and Diageo are two largest beer producer in Africa. ”SABMiller, if combined with its partnership with France's Castel Group, sells roughly 60% Africa’s beer by volume. Diageo’s also expands its operation successfully that Senator Keg, its supercheap beer, is also now number two most popular beers in Kenya. As these giant brewers monopolized Africa’s beer market, it can be said that the market has an oligopoly market structure, and both pursue identic operations, so the market can be labeled as competitive. The interdependence that is happening between both brewers makes the competition happens. As SABMiller produces Impala that is half price from its previous beer Manica, Diageo produces Senator Keg to balance it. Diageo

Your paper should be between 1750 and 2500 words, in APA format and structured as follows:

This past year, I made the desion to take the AP Government and AP Economics class. I made this desion because i wanted to challenage myself in my thinking process. At the beginning of the government class, we were told to read each chapter every night wether is 12 pages or 38 pages. Every time we readd a chapter we were allowed to take nptes that would help us on the test. After so long, our teacher told us that every week we had to cut back on notes. Instead of using two or three pages we were only allowed 1 page, then three-fourth a page, then eventcallyy only half a page. This made it so hard for me to remeber all the things i thought were importtant, but my teacher said the if you can remember something word for word or the main point

There have been many topics that we have covered in class that have opened my eyes to how behavioral economics play a role and are seen in everyday life. I really enjoy examining these topics that we learn in class and when reading. Last nights reading of Kahneman had me thinking of a particular topic of outcome bias and how that impacts our illusion of understanding. Kahneman defines outcome bias as give too little of credit to the decision maker when he makes a decision with a good outcome and blames the decision maker when he made a good decision with a bad outcome. This had me thinking of a particular instance two weeks ago when the Twins were playing the Yankees in the wild card game. Paul Molitor, the Twins manager chose to keep the pitcher in the following inning after giving up a couple runs in the prior inning. The pitcher the following inning gave up another run or two giving the Yankees the lead. The next day driving to class, I was listening to KFAN the sports radio and they were saying how this decision cost the Twins the game and should cost Molitor his job next year. When I heard this I was very surprised, not being a Twins fan I thought that they would be glad with the turn around the team made this year, having been one of the worst teams in the MLB. When I was reading last night and I came across outcome bias, I immediately went back to this moment and it was clear that the talk show radio announcers had participated in outcome bias. Even though

1) According to the Law of Demand, the demand curve for a good will A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward. Answer: C 2) An increase in the price of pork will lead to A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve. Answer: A 3) An increase in consumer incomes will lead to A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve for plasma TVs. Answer:

This research topic is significant to the current property market in Singapore and its sudden increased demand for houses despite the economic downturn, exploring deeper as to whether the government policies were the real influential causes to this boom in property demand. It has relevance to the economic concepts of demand and supply, elasticity, inflation and monopolistic competition. This topic is worthy of investigation because it is a hot media topic in Singapore, and is widely debated in the country because it’s the most expensive household asset.[2]