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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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M5-7 Article Contribution and Discussion

M5-7 Article Contribution and Discussion

Q Description of Assignment: Students will post links to current or recent news articles related to topics covered in class. Each student must submit one article and up to two comments on articles posted by classmates. Articles must relate to EVENTS; therefore, comments from blogs, academic papers, and opinion articles are excluded from this category. A few examples of relevant news articles are provided below. Students should describe and explain why and how the article relates to specific class concepts. Descriptions should not exceed (approximately) 200 words (approximately 5-6 sentences). Descriptions may also include questions or statements to stimulate discussion among classmates. Please note you are required to submit ONE assignment total in weeks 5-7. Evaluation: • An article submission (with description and explanation) will receive 3.5 discussion points. • Missing or unrelated description and explanation will result in zero points. • Additionally, each student must post a comment to at least three articles posted by classmates. • Comments are expected to be no more than 100-150 words. • Each comment will receive 1 discussion point. Please note the following additional rules: • Students may not submit more than 1 article. • Remember, these are “constructive discussions” meant for you to elaborate, build upon, and provide insight on your classmates’ posted articles and thoughts. Please be sure to keep all discussions professional, courteous, and on-topic. • Only responses that add to the discussion will receive credit. • The maximum number of discussion points available in modules 5-7 is 6.5 (i.e., 3.5 points for the article, and 1 point for each of up to three comments). A few examples of relevant articles: • Smith, R. "As Conservation Cuts Electricity Use, Utilities Turn to Fees". Wall Street Journal. (2015). Topics: pricing with market power, two-part tariffs. • Hafner, K. and Stone, B. “IPhone Owners Crying Foul Over Price Cut”. New York Times. (2007). Topics: when price discrimination backfires. • Chang, K. “You Can Buy a Piece of a Nobel Prize-Winning Discovery”. New York Times. (2021). Topics: auctions. • Rogers, C. and Scism, L. "Why Your Extra-Safe Car Costs More to Insure". By Christina Rogers and Leslie Scism. Wall Street Journal. (2017). Topics: risk, insurance. • Tullis, T. “How Game Theory Helped Improve New York City’s High School Application Process." New York Times. (2014). Topics: game theory, market design.

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The article focuses on air ticket price adjustment to suit consumer needs, as the Biden administration announced a policy that allows families travelling with minors to have the liberty of travelling in groups with regards to seat arrangements at no extra costs, without prejudicing consumers. This will reduce on fees to the consumer and still allowing them to experience the benefits of the service. The article demonstrates pricing discrimination, in which airlines charge customers a different fare for the same service, for example, the same flight will have different airfare tickets which are based on seat selection.