Sadly, this too relates to economics.
http://www.cnn.com/video/#/video/world/2007/11/05/riminton.philippines.kidney.sale.cnn
Wednesday, November 07, 2007
Tuesday, November 06, 2007
Why Do Teachers Get Paid So Little?
As we wrap up our unit on the Theory of the Firm and we begin to leave perfect competition and monopoly in the dust, we get to turn our attention to the other side of the economic equation...rather than business, we now will start to look at the consumer side of the coin. Rather than looking at what we want to buy, we will need to look at how much do we need to make to buy all that stuff we have managed to convince ourselves we cannot live without!
As a teacher, I knew when I decided to follow this career path I would most likely never get rich. You do not go into education for the money. But on the other hand, I have bills to pay, a cat to feed :), and wants and needs that I too want to satisify. Given the fact that teachers are skilled professionals, that education is a major building block of potential growth for an econmy...why do we get paid so little? Thinking like an economist...why do you think educators get paid the way they do? What does is say about a society that values its bus drivers and trash collectors more than its educators and social workers? What essentially is going to determine the wages we make? Remember, its all about economics!
As a teacher, I knew when I decided to follow this career path I would most likely never get rich. You do not go into education for the money. But on the other hand, I have bills to pay, a cat to feed :), and wants and needs that I too want to satisify. Given the fact that teachers are skilled professionals, that education is a major building block of potential growth for an econmy...why do we get paid so little? Thinking like an economist...why do you think educators get paid the way they do? What does is say about a society that values its bus drivers and trash collectors more than its educators and social workers? What essentially is going to determine the wages we make? Remember, its all about economics!
Wednesday, October 31, 2007
Monday, October 22, 2007
The All Powerful Apple
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I thought this was a really appropriate article given what we were talking about today in class, the power of Apple, iTunes and the iPod.
Others are starting to challenge their market dominance (75% of all downloads come from iTunes!) and this is what the EU will be looking at in terms of monopoly power.
What do you think? Will Apple survive it all? What parts of the article do you agree with or disagree with?
Also...I am adding this a bit later to the blog...look here for an update on Microsoft in Europe, freer competition means lower prices for all!
Wednesday, October 10, 2007
Writer's Block
This always happens to me at some point in Microeconomics....I just sometimes have hard time thinking finding things to blog about that would help to reinforce the relevance of the Theory of the Firm and perfect competition in general...I mean, how much can we talk about agricultural prices? True...ethanol, corn and tortillas are a pretty interesting topic...but then we just end up looking at supply and demand and we have been there, done that. So I am calling on you to give me some ideas...what could I be trolling the internet for? Topics, industries, issues etc?
I can't wait to get your advise!
I can't wait to get your advise!
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