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Economics lectures

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Collin Li:
I had this idea the other day.

I'm thinking about a series of casual lectures intended for people who are concurrently taking an introductory microeconomics unit.

It would cover the basic application of economic analysis to real life situations, going over simple concepts such as "opportunity cost," and really grinding down the necessity of these concepts. It would be a good complement to those studying economics, and wanting to understand more about it.

I think a good example to start with in the lecture would be the case of "volunteer work."

Why do people do it? They don't get paid. But there are non-monetary benefits. And economics certainly realises that (important!). And I'd go through the benefits, and the costs. Then in that example, you could also explain opportunity costs - which is why the people listening are sitting here rather than volunteering, i.e.: "if volunteering is so good, why aren't you doing it? Probably there's an opportunity cost."

Heh... it would be interesting and a good experience I reckon. Who reckons it'd be a good idea?

costargh:
I'm in.

Collin Li:
We could try talk to our respective economics faculties and pioneer it. :D

Any ideas?

costargh:
Not really adding anything new. But I like the idea of relating basic economic concepts to real life examples that ANYONE could relate to. That's what really gets people interested. Because they realise that everything around them is related to Economics; hence greater interest.

AppleXY:
Hey Collin, is this for next year? If so, i'm also in lol

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