Workshop Description

Applied Economics: Diamond-Water Paradox, Student Loans & VT Majors

Calling all students, parents, teachers, guidance counselors, and administrators who are interested in learning about earning a degree in Agricultural & Applied Economics at Virginia Tech.

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Virginia Tech Center for Economic Education

Nov 10, 2020
4:00 pm - 6:00 pm
Registration Deadline: November 7, 2020
Grade Level: High School
Potential Recertification Credits: 2

This 3 in 1 interactive webinar is designed to share hot topics studied by Virginia Tech students who major in Agricultural & Applied Economics (AAEC) and begins with a talk entitled, “The Diamond/Water Paradox:  Applications to Real Life.”  Dr. Mike Ellerbrock will answer the question:  If water is essential for life, and diamonds are not, then why do diamonds cost more than water?  Solving this conundrum illustrates three key economic principles evident in everyday life: 1) cost and price are two different things; 2) everything in life exhibits diminishing marginal returns; and, 3) value lies at the margin.  Dr. Travis Mountain will then give a brief presentation on “Credit & Student Loans” to address the consequences experienced by nearly half of VT students who graduate with student loans.  In addition to credit score ramifications, learning how to use this money effectively can greatly affect not only students’ current financial behavior, but their financial behavior long after they graduate.  Wrapping up the program will be a presentation by Mrs. Katie White, undergraduate academic advisor, and current VT student ambassadors about the various AAEC majors (Agribusiness, International Trade & Development; Environmental Economics: Management & Policy; Community Economic Development; Food & Health Systems Economics, etc.), related future job opportunities, experiential learning programs, and other unique and valuable experiences available to future Hokies.  There will be time for Q&A after each presentation.

 


Fee: NO CHARGE


Additional Information:

Zoom link will be emailed to registered participants shortly before the program begins.


Instructor: Dr. Cheryl A. Ayers
Contact Person:
Dr. Cheryl A. Ayers
Center for Economic Education
Virginia Tech
434.258.2380
cheryl42@vt.edu

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