Hence, doing well on a difficult exam, say getting a 96 when the median was 68 enables you to get over 100 points, in this example receiving a 103. There will be no early exams or make-up exams, since they are difficult to make comparable and this system does not penalize you for missing one exam in any event. I view attendance at either my lectures or the recitation sections as highly desirable, but do not believe in penalizing those who feel otherwise. Yet those who attend and perform well in recitation always want to feel that they are rewarded for doing so. If you have a documented learning disability requiring modified testing procedures, contact me early in the semester.
Scarcity implies choice which, in turn, implies opportunity costs.
Consumer and firm goals and the spontaneous coordination provided by the competitive market. Property rights and incentives. The gains from trade and comparative advantage. From individual to market demand. One reason why some don't like supply and demand.