Economics Homework Help

In Module 8 (related to Chapter 9 Section 9.1, 9.2, and 9.3) we discussed how price floors and price ceilings create inefficient outcomes. Remember that one of our examples was related to the price ceiling of $0 for kidneys (i.e., kidneys can only be donated, not sold in the United States). Some argue that this is not the the best policy for the United States.

In this discussion posting, you will have a chance to be part of this debate!

Select one (1) of the following opinion pieces to read and respond to for this assignment. They are opinion articles from a variety of people related to the organ donation market … so pick the one that is most interesting to you!

Opinion Articles (all from the New York Times, August 2014

#1 Test Incentives for Organ Donations – There’s No Reason Not To (Links to an external site.)

#2 Fix the System, Don’t Swap It for the Free Market (Links to an external site.)

#3 Protecting Donors and Patients (Links to an external site.)

#4 Buying and Selling Organs Would Create and Economic Class War (Links to an external site.)

#5 Cover the Costs for Kidney Donors to Increase the Supply (Links to an external site.)

#6 Remove Disincentives to Organ Donation (Links to an external site.)

#7 Paying Donors Would Set Us Back

In this initial discussion posting, in about 2 paragraphs:

1. List the article number and title in your post title.
   • This will make it easy for your fellow students to know which article you read.
2. Identify the main point of the opinion article.
   • This is where you demonstrate that you critically read the article.
3. Make one explicit link back to class. Think about government intervention, impacts on consumer, producer and total surplus, market efficiency, monopoly power, perfect competition, consumer or producer theory, etc.
   • This is where you demonstrate that you have though critically about the course and how it relates to the article.
4. Briefly explain if you agree or disagree with the opinion
5. List two questions you would ask the presenter and explain why these questions are interesting/important to you or your understanding of Money and Banking. (= about 1/2 the post)

Note: You must post before you can see your fellow student’s posts.