I will periodically assign Ad Hoc Readings of interest with a required response from each student.  The objective of these readings is to introduce new ideas or concepts, to stimulate thought and discussion, and to give students the opportunity to apply economic theory to real world issues and problems.  It is meant to take the place of the in class room discussions.  I will expect students formulate a response utilizing the economic tools from the text and lectures.  Student opinions are not acceptable.  I don’t want to hear of student values or emotional responses.

It should be noted that these readings may be somewhat controversial in the sense that they may not be as politically correct as many readings in other social science classes.  Also, many of the readings may fall in the political economy field, which reflects the origin of economic studies.

(Note: I reserve the right to review and manage all communications.  I may delete communications that I deem counter-productive or confusing.)

Example:

Issue: The government raises the minimum wage in a community.

Acceptable Response:  Economic theory suggests that the unemployment rate in the community will increase.  As the wage rate increases rational employers will seek substitutes for labor.  For example, employers will replace units of labor with better tools and equipment (capital).  Based on the theory, I predict that this will tend to hurt unskilled and untrained youths.

Unacceptable Response:  I feel that the minimum wage is too low.  Poor people can’t raise a family earning the minimum wage.

Revised December 2009