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Listen to BOTH of the following Podcasts and write one reaction piece on your blog. This is due Wednesday October 24th by 11:59pm
R6 Planet Money Podcast: An Economist Gets Stoned
Link: Podcast
As of 2010: Fourteen states have adopted medical marijuana laws. We talk to Harvard economist, Jeffrey Miron, about what happens when drugs move from the black market to the open market. Do they get 100 times cheaper? Or instead, more expensive? Miron talks about the economics of prohibition, and reveals his drug of choice (which is legal) and one he would like to try (which is not).
In 2012, Connecticut became the 17th state to legalize medical marijuana.
Assignment: Click the link to listen to the podcast and write a reaction piece on your blog. Try to relate this to the way of economic thinking and the concept of elasticity.
LINK: Fear Thy Nature
For my students, click the link to listen to the podcast and write a reaction piece on your blog. Try to relate this to the way of economic thinking (the guideposts) you have learned so far.
You might be interested in the following after hearing the podcast linked above (this material is not required, I just think you might like it)
LINK: Maastricht, Marijuana And The European Dream
For my students, click the link to listen to the podcast and write a reaction piece on your blog. Try to relate this to the way of economic thinking (the guideposts) you have learned so far.
If you want to listen to more planet money podcasts indexed by economic topic, I suggest you visit www.audioecon.com
In this video you will see some work done by my students. They can be quite creative!
Link to: The Full Xtranomics Website
Carl Sagan- Pale Blue Dot