- Why might bargaining break down when parties negotiate to remedy a market failure and its associated externality?
- Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.
- What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
- Would you give an example of a microeconomic decision you’ve made at work or home? What factors contributed to making that decision?
- Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?
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