This assignment aims at making instruction student-centered where students would participate in the curation of content. Students are asked to explain the various economic topics using the economic terminology and personal experience. For example, in this assignment, the students are split in groups and asked to discuss and identify what their opportunity cost of getting a college degree is. They will discuss all the items that comprise the opportunity cost and the benefits of going to college and share this in real time with everyone else through a google document.
Assignment Learning Outcomes:
- Define and apply the notion of opportunity cost.
- Understand the consequences of making choices and the relation with costs.
- Apply and clarify choices based on benefit and cost analysis.
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