Opportunity Costs Of Saving Lives Case Study
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Opportunity Costs Of Saving Lives Case Study
Return to Chapter 1 and reread Case 1.1 (Saving Lives and Saving Time). Then read Case 5.1 (Opportunity Costs of Saving Lives—The 55 mph Speed Limit) below. Prepare a short analysis in which you answer these questions:
■ What assumptions govern estimates of the value of time lost driving? Are some assumptions more tenable than others? Why?
■ What is the best way to estimate the value of time? Justify your answer.
■ What is the best way to estimate the cost of a gallon of gasoline? Justify your answer.
■ Driving speeds and miles per gallon estimates may be based on official statistics on highway traffic from the Environmental Protection Agency and the Department of Energy or on engineering studies of the efficiency of gasoline engines. Which is the more reliable? Why? What are the consequences of using one source rather than another?
■ What is the value of a life saved? Explain.
■ Which policy is preferable, the 55 mph speed limit or the 65 mph limit that was abandoned in 1994?
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Opportunity Costs Of Saving Lives Case Study
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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