Journal instructions are available here.

There will be four journal prompts provided before the Wednesday April 5th deadline. Journals are due at the start of class.

Remember, journals are posted on the blog for student work — Caution: Economics Students at Work

 Journal Prompt

Topic: Prices

Primary Questions:  Are the prices we pay for goods rational?  Can something be overpriced?

Based on supply and demand models, an item cannot be overpriced.  Is this actually true?  Do you pay more for things then you should?

Background Material

I have excepts from both Predictable Irrational and The Undercover Economist that you might find useful.  Ask me for them in class.

Dan Ariely – Author of Predictably Irrational


More Psychology Research

Prices

Tim Hartford, Economics Writer

Practical Details

Do not comment on this post unless it is a question about the journal. You need to create your own entry for the journal.

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