Unit 05 – Consumer Utility Theory & Behavioral Economics Student Activity Lesson overview: Economists are known for assuming that humans are “rational” in their thinking. In our economic models, we assume we are dealing with prototypical “Homo economicus” who logically attempts to maximize his/her utility (happiness or satisfaction) as a consumer and economic profit as […]
Are you concerned that history may repeat itself again?
Unit 5 D. B: 5.2 We have been in a era of deregulation similar to the period leading up to the Great recession. Are you concerned that history may repeat itself again?