What about the economics of possible personal challenges of psychological dysfunction such as depression, potential addictions, crime victimization, or chronic physical illness?

Please follow the directions to the prompt questions.  Creative thinking is

 

encouraged as long as you are thoroughly covering the core questions.  Use your

 

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understanding of economic thinking and economic behavior.  This paper should be

 

approximately a 10-16 page typed work.  My personal preference is for 1.15-paced lines

 

in a 12-font, with 1-inch margins.  Use appropriate citation of outside sources as

 

necessary, gathered in a bibliography at the end of the report, but these can be broadly

 

referential, since this is a work of exposition, not a research paper as such.  This report

 

is due in my office (210 West House) or via email, no later than 2pm Friday December

 

5, 2014.  Please do not turn anything in to the MOODLE site.  No late work will be

 

accepted.  Thank you.

 

THE ECONOMICS OF LIFE

 

Directions: Write an informative essay in response to the following

 

prompt question: What part does economic thinking play in life?

 

While you may utilize some direct reference to your own personal life,

 

your work must also speak in general terms.  Besides the answer to the

 

broad abstract question above, please also provide a focused answer

 

to at least two of the more specific prompts provided below:

 

1. To what extent can the economic perspective be applied when

 

deciding between (1) your needs and desires regarding family

 

and (2) the socially-imposed requirements and demands of

 

building a successful career and/or business?

 

2. How will you reconcile your own personal dreams, hopes, and

 

preferences with those of the others in your family unit (your

 

spouse and your children)?

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3. How does economic thinking apply to the “social contract” of

 

the family unit, or can “economics” be disregarded when it

 

comes to decisions inside the family?

 

4. How important is money in the successful accomplishment of

 

your life goals?

 

5. How important is it to take an economically rational view in

 

regards towards thinking about and planning towards the

 

future?

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6. How does economic thinking apply to considerations of living

 

and working in the city/urban environment versus the

 

country/rural environment?  Explain how economics applies

 

to questions surrounding whether to stay near where you

 

originally grew up as opposed to moving far away and/or to

 

moving to a culture that is very different to the one you were

 

raised in.

 

7. Use economic thinking to describe your efforts to build

 

elements of your human capital, e.g. the attainments of

 

educational credentials, workplace skills and experiences, and

 

social and cultural knowledge.  How are these important?

 

8. Describe the applicability of economic thinking to decisions

 

regarding romance, courtship, and marriage.  Does economic

 

thinking come into play in considerations of the relationship

 

between people inside of the institution of marriage?  to

 

questions of trust, of faithfulness, and of divorce?  Explain.

 

9. Consider the economics of your career.  Will you work in the

 

same productive field your whole life, or will you have to make

 

a major change in professional orientation at some point?

 

How will you prepare for and make such a transition?

 

10. What are the economics of planning for life difficulties

 

such as unemployment, indebtedness, bankruptcy, and

 

business failure?  What about the economics of possible

 

personal challenges of psychological dysfunction such as

 

depression, potential addictions, crime victimization, or chronic physical illness?

 

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