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2 pages/≈550 words
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Mathematics & Economics
Other (Not Listed)
English (U.S.)
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People Face Trade-Offs (Other (Not Listed) Sample)


Hello, this is Gordon Rule essay assignment for ECO2013. Below is the topic and the discussion content should be...
People Face Trade-offs
You have one semester left to graduate and you have the finances to do a maximum of four courses. Three of the courses are required courses. The last course slot belongs to an elective. You have narrowed down your choices to three electives, all of which are very popular and very useful courses that you are very interested in. Decide on the course you want to take. Then using at least two economic decision-making principles, explain why you are making this choice.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.

People Face Trade-Offs
Course title:
People Face Trade-Offs
With one semester left prior to my graduation, I have to do 4 courses: 3 of them are required courses whereas 1 should be an elective course. I have narrowed down my choices to three electives: Game Theory, Monetary Theory and Policy, and International Trade. Typically, these courses entail review of policy papers, readings from professional journals, textbook reading as well as considerable empirical work. Each of these three electives is highly popular and I am interested in all of them. However, I choose Game Theory. The decision to pick Game Theory is explained with the use of three economic decision-making principles. Thesis statement / controlling idea: I selected Game Theory as the elective theory over the other elective courses basing on 3 principles: people face trade-offs, people respond to incentives, and the cost of something is what a person renounces to acquire it.
The first principle is that people face trade-offs. Economics is, in essence, about the trade-offs that individuals and even societies have to make, and about assisting individuals improve the trade-offs which they are making. The word trade-off is understood as a situation that entails losing one aspect or quality of something in return for getting a...
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