ECO 205 Week 1 Discussion Questions

This document of ECO 205 Week 1 Discussion Questions consists of:

DQ 1: Post your response to the following: The principles of economics influence your decisionmaking, interaction with others, and the economy as a whole. Give one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer? DQ 2: Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policy makers differ depending on which role an economist assumes?