As you begin to study economics, you should start to see that econo...

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As you begin to study economics, you should start to see that economics has a lot to do with costs and benefits.
Everything we do has a cost side and a benefit side.
We tend to do things if the extra benefits outweigh the extra costs and not do things if the extra costs outweigh the extra benefits.
And you should have learned that cost always includes the opportunity cost.

Consider the choice of attending college.
Hopefully, since all of you are in college now, you have spent some time thinking about the benefits and costs of attending college.
Discuss 3 benefits and 3 costs of attending college that may have affected your decision to attend college..
Also, what if someone else is bearing some or all of the cost of your college? (such as parents, or government grants or loans)
Did that affect your decision to attend college?

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The three benefits of attending college are
• One can enhance his or her knowledge of the subject or degree (which he is enrolled for)...

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