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- Theory building activities:
Activity 1
In a short essay of 1 to 2 pages describe what you would do if you were in the position of the tourist. Then justify your choice.
Activity 2
Bring your essay to class. You will be divided into small groups. Present your choice
and justification to the others in your group. Then listen to theirchoices and justifications. Try to reach a group consensus on
choice and justification. (You will be given 10-15 minutes.) If yousucceed present your results to the rest of the class. If you fail,
present to the class the disagreement that blocked consensus andwhat you did (within the time limit) to overcome it.
Taxonomy of ethical approaches
There are many ethical approaches that can be used in decision making. The Mountain Terrorist Exercise is based on an artificial scenario designed to separate these theoretical approaches along the lines of the different "horns" of a dilemma. Utilitarians tend to choose to shoot a villager "in order to save 19." In other words they focus their analysis on the consequences of an action alternative and choose the one that produces the least harm. Deontologists generally elect to walk away from the situation. This is because they judge an action on the basis of its formal characteristics. A deontologist might argue that killing the villager violates natural law or cannot be made into a law or rule that consistently applies to everybody. A deontologist might say something like, "What right do I have to take another person's life?" A virtue ethicists might try to imagine how a person with the virtue of courage or integrity would act in this situaiton. (Williams claims that choosing to kill the villager, a duty under utilitarianism, would undermine the integrity of a person who abhorred killing.)
Table connecting theory to domain
- Row 1: Utilitarianism concerns itself with consequences. It claims that the moral value of an action is "colored" by its results. The harm test, which asks us to choose the least harmful alternative, encapsulates or summarizes this theoretical approach. The basic principle of utilitarianism is the principle of utility: choose that action that produces the greatest good for the greatest number. Utilitarians would shoot a villager in order to save 19. But Utilitarianism, like other forms of consequentialism, has prediction challenges. What are the short-, middle-, and long-term consequences of an action? These become harder to determine the further we are from the present.
- Row 2: Npn-consequentialism turns away from consequences to focus on the formal characteristics of an action. (For example, Kant says the good action is one that does duty for duty's sake.) Deontology, a kind of non-consequentialism, helps us to identify and justify rights along with their correlative duties The reversibility test summarizes deontology by asking the question, "Does your action still work if you switch (=reverse) roles with those on the receiving end? Deontology has two formulations of its fundamental principle. The
Categorical Imperative exhorts us to act only on that maxim which can be converted into a universal law. The
Formula of the End proscribes that we "treat others always as ends, never merely as means," The rights that represent special cases of treating people as ends and not merely as means include (a) informed consent, (b) privacy, (c) due process, (d) property, (e) free speech, and (f) conscientious objection. The deontologist would choose not to kill a villager because the act of killing is formally wrong.
- Row 3: Virtue ethics turns away from the action and focuses on the agent, the person performing the action. The word, "Virtue," refers to different sets of skills and habits cultivated by agents. These skills and habits, consistently and widely performed, support, sustain, and advance different occupational, social, and professional practices. (See MacIntyre, After Virtue, and Solomon, Ethics and Excellence, for more on the relation of virtues to practices.) The public identification test summarizes this approach: an action is morally acceptable if it is one with which I would willingly be publicly associated given my moral convictions. Individual virtues that we will use this semester include integrity, justice, responsibility, reasonableness, honesty, trustworthiness, and loyalty.
Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
can you send the book attached ?
Ariel
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2
find mu of x for y
U(x,y) = (xÃy)1/2
find mu of x for y
Desalegn
this is the study of how the society manages it's scarce resources
Belonwu
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
difference between firm and industry
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
explain standard reason why economic is a science
factors influencing supply
scares
means__________________ends
resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Why qualify 28 supplies
Milan
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
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Source:
OpenStax, Corporate governance. OpenStax CNX. Aug 20, 2007 Download for free at http://legacy.cnx.org/content/col10396/1.10
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