In Macroeconomics, many of you were asked to consider the core values of the University (Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity), and share how they are applied in your life. If you did not have this discussion question in Macro, that’s ok, just begin by analyzing your core values and how you strive to live by them daily.
1-For your discussion question this term; however, I want you to not only consider how they are applied in your life, but more importantly whether they conflict at all with the principles of economic reasoning. In economics we are taught that efficiency is king, that you should always consider the opportunity costs of a decision, that marginal benefits must outweigh marginal costs for you to undertake an activity. Can you still follow the principles of economics, without violating your moral principles? Explain.