Unit 1: Discussion: Explain the opportunity cost principle.

Directions

In each unit students relate course materials and instructor notes to module material.  Students are required to make one main post (three to four paragraphs) that addresses the specific discussion by Thursday at 11:59 p.m. CT, and two peer review posts (responses to his or her classmates’ posts that are two to three paragraphs each) by 11:59 p.m. Sunday CT. All posts must utilize and cite material from the unit’s course information/readings, including complete internal citations and a reference list. Each post is worth 8 points, for a total of 24 points for the discussion.

What are substantive postings? Substantive postings include:

  • Responding to discussion questions as well as discourse between students related to subject matter within the course.  This includes posting responses to others’ answers within a Discussion Area.  A response may express agreement with or challenge to the point of view expressed, supported by references (citations) to the text or lecture.
  • Contributing to the discussion based upon course content, theory, or personal experiences, not simply personal opinions.

Post

Select only one discussion question to answer below. If the question has already been selected, select a question not yet answered.

D1. Explain the opportunity cost principle. Use the production possibilities curve in explanation. Give some examples of opportunity costs in public administration or public policy.

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