Outsourcing Garbage Collection

24 05 2011

The view of the public.

The view of an economist.

Discussion

  1. Do you support Rob Ford’s plan to outsource as many government jobs as possible?
  2. What do you think the limit to the jobs that the government can outsource should be?
  3. What do you think is a good way to remedy the information provided to the public?




Taxes – Part 2

21 04 2011

Once you have completed part one, read over the party platforms on taxes and economic policies.  This page on the Globe and Mail is a good starting point.  There are links to each party’s website where there are more details.

Which party platform do you prefer?  Comment and give reasons on this post.





Taxes – Part 1

21 04 2011

The government of Will World has decided it is necessary to increase taxes.  They are considering four different options:

  • A 15% tax on business profits
  • An 8% sales tax
  • A increase in income taxes by 5%
  • A tarriff on energy imports of $5 per unit (excise tax)

Before we look at the best tax for Will World, lets consider taxes in general.

  • Income Taxes – Unicorn
  • Sales Taxes – LGT
  • Corporate Taxes – Magnum
  • Property Taxes – SINJ
  • Capital Gains Taxes – CDsquaredK
  • Excise Taxes (includes ‘sin’ taxes, tariffs) – Mangoe

Each group has been assigned a tax. In your groups, research your assigned tax and develop the three most convincing arguments for why your tax is the best option and the three most convincing arguments for why your tax worst option.

Criteria for a ‘good’ tax:

  • Raises sufficient funds for the government (we aren’t looking for a specific dollar value but the tax has to be effective at actually raising revenue for the government)
  • Equitable (this is difficult to define when discussing taxes – consider who bares most of the burden of paying the tax – it is equal? fair?)
  • Minimizes inefficiencies while maximizing social benefit – any tax will reduce the efficiency of the economy, you want to minimize this while providing the maximum social benefit possible. (social benefits can include encouraging positive behaviour, reducing negative externalities, reducing inequality, increasing standard of living, etc.)
Create a blog post that summarizes your tax.  Briefly describe it and your three arguments for and against your tax.
For homework, read over all the posts and comment on which tax you think is ‘best’ on this post.




Tragedy of the Commons

18 04 2011

Common Resources are non-excludable and rival.

If the supply of bluefin tuna is decreasing, why isn’t the price of sushi increasing?





Fire Services – A Public Good?

15 04 2011

Watch the video and read the article on the Tennessee house fire.

In the comments to this post answer the following questions:

  1. Do fire services meet the criteria for a public good?
  2. Is there a free rider problem in this situation?
  3. Is there a problem with incentives in this situation?
  4. How should fire services be provided and funded?
  5. Should the fire fighters have put out the fire?

Due by the start of class on Monday.





Negative Incentives for Being Late

11 02 2011

For those of you interested in developing a negative incentive solution for lates during my first period class, use the comment section of the post to develop a list of realistic, feasible negative incentives.  The incentives cannot involve money.  They can involve a small number of marks.

Are there any rules or exceptions you would want enforced?

My first period class, BTA 3O1, is 16 students.





Positive Incentives for Preventing Lates

11 02 2011

For those of you interested in developing a positive incentive solution for lates during my first period class, use the comment section of the post to develop a list of realistic, feasible positive incentives.

Are there any rules or exceptions you would want enforced?

My first period class, BTA 3O1, is 16 students.  I am willing to spend up to $10 a month as part of an incentives program that works.