Meaning and Significance Reflection
Format: Black font; 12-point font; double-spaced. Place your full name at the top of the first page or on a cover sheet.Each answer should be approximately 200-300 words. The entire midterm should be 800-1200 words.For help understanding what I mean by “meaning and significance,” see the slide on this subject that I have shown in class and posted on the course website in the same module that contains the syllabus.
Each answer should include:1.Reference (of course) to the author most associated with concept or term;
2.At least one reference, with a citation, to another assigned author, for the purpose of contrast and/or comparison
3.Total of three to five correct citations to the relevant assigned reading(s), with specific page numbers; citations can be appended to quotations or paraphrasing;Citations, Reference List Forma1.Use the author-date system, with page numbers, as described here on this webpage:https://research.wou.edu/c.php?g=551307&p=37845192.Include a reference list at the end of the midterm, using the same model linked above.
Questions1. Explain the meaning and significance of “fictitious commodity.”2. Explain the meaning and significance of “noxious markets.”Notes :– Satz-Some-Things-Intro-Noxious-Markets.pdf– Hayek-Market-Order-or-Catallaxy.pdf
3. Explain the meaning and significance of the “firm.”Notes:– Coase-Nature-Firm.pdf
4. Explain the meaning and significance of “spatial mismatch”Notes:https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/https://www.latimes.com/california/story/2022-10-19/los-angeles-history-overcrowding-united-states
BOOK:https://www.gutenberg.org/files/3300/3300-h/3300-h.htm