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Discussion Question Week 7 Econ: Planned Obsolescence

INSTRUCTIONS:

• Videos on Pricing Strategies

http://www.youtube.com/watch?v=Su0PaBtNmqM

http://www.youtube.com/watch?v=XBmWEduod5k

http://www.youtube.com/watch?v=LTEB41XwXh8

http://www.youtube.com/watch?v=D9yorIDGpSQ

http://www.youtube.com/watch?v=WzPLXncJrL4

Value Proposition videos

http://www.youtube.com/watch?v=PnOul7-ofhc

http://www.youtube.com/watch?v=bnJEIMZu-EM

Closing a sale

http://www.youtube.com/watch?v=WdYGdpTTLEs

Oligopoly http://www.youtube.com/watch?v=bP3l0TQRFY4

• Planned obsolescence http://www.youtube.com/watch?v=N2KLyYKJGk0

Can you give examples of planned obsolescence in products or services you buy? How did you feel about these examples? Why?

• Game theory http://www.youtube.com/watch?v=3Y1WpytiHKE (FYI class- I studied for my Masters degree under Professor Oskar Morgenstern who invented Game Theory, together with John Von Neumann also of Princeton University.

Did you hear of game theory before? How? Give some examples of game theory.

**These are two separate discussion questions**

CONTENT:

Discussion Question Week 7 Econ Name Institution Planned Obsolescence Planned obsolescence is a situation created by manufacturers to ensure that consumers will always be in need of a product. Products are designed for a specific period, serving consumers before breaking down or being rendered useless. Consumers would always be at the mercy of manufacturers. For

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Can you give examples of planned obsolescence in products or services you buy? How did you feel about these examples? Why?

Discussion Question Week 7 Econ: Planned Obsolescence

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