Discussion Post: Intro to Economics
The discussion questions each week will be based on your readings from the online textbook and from Economic Freedom and Human Flourishing.
Select one of the questions below to address. Respond to at least two of your peers, one of which would be a question you did not address. Support your response with at least one source from the course materials. Do additional research if you wish. Include all references and citations in APA format.
a) Economics is said to be the study of how people make decisions in the face of scarcity in order to maximize their happiness. How would Aristotle respond to this definition?
b) What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.