1. Discuss global warming as a public good and the free-rider problem involving such goods.

2 Choose a product protected by intellectual property rights. Discuss the advantages and disadvantages of that product being protected.

3. Discuss ways to correct market failures. Reflect on the cost/benefit analysis of such actions.

4. Assume that you are the manager of an oil company in the U.S. Share your thoughts about whether government regulations would help or hurt that business sector.

5. Assume that you are the CEO of a company and one of its goals is to strive towards high level of social responsibility. Describe the differences in the corporate strategies between such a goal and that of "maximizing" profits.