Tui University Eco201-Microeconomics Module 1 Case Assignment

Education, gives us the key to the future, it allows us to see the world, and comprehend it. Education isn't ordinary, it's an idiosyncratic weapon; even though it's a weapon, it wasn't design to kill. It was designed to allow any human being to change the world and shows them the truth. Put them on a path that gives the user unlimited knowledge but how they obtain it and use it, will all depend on the user. Education allows you to push others so they can see a new future or how to change it and turn it to the best instead of being the worst.

An ethical issue that individuals face today involves the price war or price discrimination involving the airline industry. According to the legal definition of price discrimination: Price discrimination is the practice of charging different persons different prices for the same goods or services. Price discrimination is made illegal under the Sherman Antitrust Act. 15 U.S.C. §2, the Clayton Act, 15 U.S.C. §13, and by the Robinson-Patman Act, 15 U.S.C. §§13-13b, 21a, when engaged in for the purpose of lessening competition, such as tying the lower prices to the purchase of other goods or services.

Opportunity cost can go botho ways, the way of going to college and the way of not going to college. The opportunity cost for not going to college is for example , someone does not go back to school after high school, but works right away. The other example is that someone goes to college and works, but the big difference is that the person going to college stays educated, learns as they go, and moves on while having a job, as for the person just working stays at the same level and even might move down a level for the fact that they are letting time go by . The opportunity cost is a big positive for the person that is going to college and staying

Education is one of the most effective ways to improve quality of life. Education is needed to expand knowledge. It makes one’s brain healthy and filled with knowledge and new material s/he may never knew before. It is needed to succeed, reach greater heights, and find a good job. Without education, a lot of people might be beggars.

Education is the very foundation in which we as individuals grow, and formulate the knowledge we gain through life into meaningful ways of adapting to the world.

Education is the process of learning and acquiring knowledge at school from a teacher, receiving knowledge at home from a parent, a family member, and even friend. Education is a key that allows people to move up in the world, seek better jobs, and succeed in life. Education is one factor that affects job positions people hold, advance in their further career, the income they make, and the title they hold. The more educated a person is, the more prestige and power that person holds. Education improves the quality of life, reduces ignorance, and exposes frontiers and opportunities not previously handled. Education also focuses on the values, attitudes and behaviors that enable individuals to learn to live together in a world characterized

As an illustration, according to the article “Opportunity Costs for Going to College,” “Opportunity costs are very important to consider when planning whether or not to go to college… [People] often don’t consider… the cost of giving up four years of income to attend college. Four years of income will often add up to more than the total cost of tuition and all the related expenses” (Blanchard). In other words, it is important to realize that going to college is highly expensive. Therefore, this is why many people argue that more than a benefit it seems as an investment not worth to students because they end up with more debts that what they are able to pay. On the other hand, many argue that in order to success in life a person should be well scholarly educated so they can contribute positive things to the world. Also, having an education wear them with the better arm to fight in life. For example, as stated in “Is a College Education Worth It?” “On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate.” In other words, the better you prepare yourself, the better you will

An education is the process of receiving or giving systematic instruction; an enlightening experience. Education is one of the main priorities for a society to prosper because it forms the character and intelligence of an individual. Education enables individuals to put their potentials to use and make a difference for the future. An education lets one understand what is going on in the world in all sorts of ways; emotionally and logically. The purpose of an education is to spread knowledge to the younger generation.

These people say that the time and money wasted in college should instead be used in investments that will help in building the economic status of those who want to get jobs after schooling. They further argue that the main reason people go to school is to get good jobs and become rich. Therefore, According to them, people seeking college education are wasting the money that they already have in paying college fees. They argue that these people have misplaced desires and that they should use that money to invest and get rich instead. What they do not know is that investment is not an easy task.

What is education? Education is the exchange of knowledge from one person to another. Education can be divided into two specific categories. The first, is formal education and the second, is informal education. Formal education is the knowledge which is shared in formal spaces such as schools, colleges, as well as universities. Informal education, on the other hand, is the knowledge we attain from our daily lives such as watching television programs and engaging in conversations with other people. Schooling, helps us establish the necessary skills which is needed for the working world.

Understanding what opportunity cost is would be an important factor in answering the question. Investopedia would define Opportunity cost as it refers to a benefit that a person could have received, but gave up, to take another course of action. (Staff 2016) It better use as to weight out options that would be better economy. To this will always be applied when it comes to higher education. Business would use this will it comes calculating the productivity. When technology advancement occurs, people must be current. It would include getting certification annually. As applied to higher education meaning a person determination to get the knowledge and education to pursue their career field.

I believe the essence of education includes growth. The purpose of education is not to just fill our head with lots of information, but to discover your uniqueness and to teach us how to develop it, and to show us how to, in return, give it away. Once you learn something in life, you should be able to absorb it in a way to use it in your life and then in turn pass it on to someone else in order to contribute to their growth as well. I also believe that the essence of education includes knowledge and skills. Once you are educated on a matter you obtain knowledge and/or skill. Education is understood as the artificial extension of human ability to learn, as the product of learner’s own efforts (Sidorkin, 2011).

Education is about teaching and learning for improving skills and knowledge. Education also means helping people to do, to learn and encouraging them to think what they learn. Education can give people knowledge of society, country, the world and many things else. From children to adult are supposed to have knowledge through education. More details, education helps and guide people from uneducated to knowledge.

Education in its general sense is a form of learning in which the knowledge, skills, and habits of a group of people are transferred from one generation to the next through teaching, training, or research. Education frequently takes place under the guidance of others, but

From the advent of the human species, with or without schools, one keeps on taking education in some or the other way. It is one the basic necessities to be educated for human, as world out there is full of competition, where one needs certain amount of skills to survive and be a threat to others. Education gives an insight to the person to differentiate between good and bad. Webster defines education as the process of educating or teaching (now that's really useful, isn't it?) Educate is further defined as "to develop the