Why are certain relationships expressed as an equation

Reference no: EM133205183 , Length: 3 Pages

Assignment:

You are required to submit one journal entry for each set of weekly readings. Quantitatively, I expect this will correspond to roughly 1 to pages of single-spaced prose. Your grade will depend primarily on the quality of the thinking demonstrated in your responses. To assess quality, I will ask myself the following questions: are you attempting to formulate questions about what we are reading and discussing in class?

Are you reading carefully? Are you being "mindful" of how you are learning? That is, are you being introspective about the learning process? The more insight a journal entry provides into how you are engaging with the material, the better the journal grade will be. Here are some sample questions that your journal entries might specifically address:

(a) What is novel (to you) about this material?

(b) How does this material relate to what you knew already?

(d) What questions did the readings answer for you? What questions remain in your mind?

(e) How does your own personal experience relate to the readings?

(f) What do the main equations or graphs say in plain English?

(g) Why are certain relationships expressed as an equation?

(h) What assumptions are required for this equation to hold and how plausible are they?

Readings:

The Economic Theory of a Common-Property Resource: The Fishery

By: H. Scott Gordon

Reference no: EM133205183

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