Exam 2 Part 2- Part Deux, If You Will
Note, Children, that studying is more effective if you can relate the material you are learning to things you already know. Time is a flat circle, you see. It is even more effective if you can explain what you are learning for other people who are not in your course. In diffusing education you are also generating a positive externality and externalities just happen to be part of my Microeconomics exams! Yayy!! So let me explain some things to you- it's time to get your learn on. An externality is the uncompensated impact of one person's actions on the well-being of a bystander. In this case, you, blog-reader, are outside of the exchange that is occurring between myself and Austin Community College, but are being effected by this exchange, because I am imparting some of my knowledge base on to you for no cost! (How lucky of you! But only *I* will get the degree...maybe...) Externalities are not all free information and kitten hugs- there are negative externalities that soc...