first provide a general overview and discuss in your own words, what you think the study of economics is about. Then, move onto a specific discussion on one of the main concepts covered (e.g., scarcity, incentives, ceterus pariubus, trade offs, association vs. causation, opportunity cost, marginal analysis, etc.), define it in your own words, and provide a real-life example of this concept. Try your best to provide concrete over abstract examples.

To jog your thinking, watch the following video.

Part 2: Opportunity Cost of College

Read this article

http://www.seethruedu.com/the-opportunity-costs-of-higher-education/

This is a short article discussing the concept of opportunity cost and college. Provide your views on this topic. Do you agree/disagree with the article? Why? What are your thoughts on the current employment landscape of college graduates? Provide any insight on this topic on a specific industry, your own experience, or the experiences of people that you know who have already graduated.

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