Module 12 Discussion Forum
Forum Instructions
In a post below, respond to the following prompt, which assesses the following outcomes:
- Course SLO 1: Identify the basic economic principles that serve as the foundation of economic analysis
- Course SLO 4: Explain how externalities affect the efficiency of markets, and what can be done to improve the efficiency of markets in which externalities exist
- Course SLO 6: Discuss the basic theories behind consumer and producer behavior
- Module SLO: 12.3.1 – Identify a public good using nonexcludable and non-rival as criteria;
- Module SLO: 12.3.2 – Explain the free rider problem
Then, you must respond to 2 of your classmates' posts. After you post a response, you will be able to see other responses. You are not required to post more than required, but feel free to respond to other posts and engage with your classmates.
Your [first] post is due on [day of week] by [time] CST. Your response to another student is due on
[day of week] by [time] CST. [Adjust for number of posts required.]
Your response should be at least [length requirement in words, sentences, or paragraphs] long. This includes responses to other students' posts. [Include previous sentence if necessary.] A simple “I agree” or “Yes” or “LOL” will not count. Please think about the questions and your peers' responses and reply thoughtfully and courteously, according to netiquette rules. Use good English grammar, correct punctuation, and complete sentences. While the posts will mostly be judged by their thoughtfulness and completeness, I reserve the right to take off points for grammatical errors, especially if they interfere with the clarity of the post. [Edit as needed.]
Prompt
Section 3 introduces the free rider problem. This essentially says that if we have a good that is non-excludable and non-rivalrous (i.e. a public good), users of that good have incentive to use the good without paying; relying on others to pay for the good to be supplied. For this discussion, your task is to:
- Identify a public good, and describe an example that shows the free rider problem
- Explain how this problem comes about in your example
- Reply to two of your peers’ posts by proposing a policy that could help with their free-rider problem
Details:
A forum for
discussion promotes peer-to-peer and student-instructor
interaction. Questions should be thought provoking and encourage detailed analysis of module topics. Include a rubric.
If
you do not want students to see other responses before they post, set
type to "Q and A forum." For this type, you must create a post first for students to
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