The opportunity cost of grading, from a students perspective - FreeEconHelp.com, Learning Economics... Solved!

5/6/11

The opportunity cost of grading, from a students perspective

Even though they do not answer the question correctly on their exam, it is obvious when a student understands the concept of opportunity cost.  When a student realizes what it takes to get a C in the course, they sometimes shut down and decide to not do any more work.  These students realize completely what opportunity cost is.  By getting the minimum grade required, they are not only evaluating their opportunity cost (maybe drinking, or seeing their friends) but they are also cost minimizing.


Production theory (of which cost minimization is a component) will be covered in later posts, however this idea of cost minimization also applies to schoolwork!  By recognizing that a C is needed (or a set level of output/production) and then doing the absolute minimum amount of work to attain that goal, students have effectively cost minimized.  Again, it astounds me everyday how relevant economic theory can be to a student's life, and yet have them struggle to fill in the correct bubble come exam time.

5 comments:

  1. Every kind of opportunity cost something which is really beyond the thought. Click here http://www.creativeagencies.org/creative-agency-names-help/ to get the perfect name with these people for creative agency.

    ReplyDelete
  2. when there has a system which related to grading there might have some costing. http://www.affordabletranslation.net/about-our-cheap-certified-translation-services/ you can get the certified translation service from us.

    ReplyDelete
  3. So many student will be agree with you and i know they found more information about grading from here. They can get more idea from http://www.capstonetitles.com/ because they also provide good service as well as.

    ReplyDelete
  4. Even though students do not answer the question properly on their exam, it is clear when a student comprehends the idea of occasion cost. Do you think this website will serves the purpose?  When they realize what it takes to get a C in the course, they sometimes decide to not put any extra effort in their work.  These students understand completely what chance cost is. 

    ReplyDelete
  5. There is the new or the best opportunity for the cost of grading with the nice section. You can ask for a new question here. You can also go with http://www.interactiveagencies.net/top-digital-media-companies/ and can see the documents of the Pdf with new site.

    ReplyDelete