Does microeconomic theory overstate the role of prices in determining people’s choices?

by | Apr 15, 2022 | Economics

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Please pick among the following prompts that you are most confident in writing a persuasive essay. You can use a few sources to reinforce your arguments.
1.Does microeconomic theory overstate the role of prices in determining people’s choices?
2. What, if anything, do the two fundamental theorems of welfare economics teach us about economic policy?
3.If something has zero marginal cost of production, then what’s best for society is if it’s free to whoever wants it.” Discuss.
Rubrics for an “A” essay-
Persuasive argument: Convincing and well-reasoned arguments with a strong point of view. Argument is relevant to the prompt and would make sense to the typical reader. Identifies interesting key points in support of the case being made and/or key reasons against other possible arguments. Excellent style and tone.
Economic Knowledge: Shows complete command of relevant theory, evidence, or examples. Explains concepts clearly and concisely in a way that anyone could understand. The economics is weaved into the argument in a seamless way. Informative as well as persuasive. Could be used as a teaching example to explain a point in class.

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