Monday, October 7, 2013

The cost and benefits of "Illinibucks"


I believe the whole Illinibucks could be used for things like cutting in line for basketball/football tickets because that is a market where the people who don’t want to wait in the lines could pay a certain amount of Illinibucks to cut the line. I think that this system could cause problems due to potential age differences an thus the topic of “Senority” comes in, however if people paid certain amounts I think that even if an individual was a Freshmen they should have opportunity to buy the same illinibucks as upperclassmen. So basically if a student is willing to pay for the Illinibucks, then they should be able to have the same opportunities as anyone owning Illinibucks.

The first thing that I would be wiling to spend money on is a “perfect” class schedule. The reason for this is that it would enable more students to get their preferred schedule, which would help keep their happiness “high”. In addition to this I believe that I would also use Illinibucks for things such as books, sports tickets and discounts on food or other goods that’s students regularly use. However, this system would be difficult to figure out which goods the Illinibucks would be used for. Also I could really imagine other uses for these Illinibucks other than these options because these are, at least to me, the most important things that Illinibucks could be used for.

The prices for these Illinibucks could spark a number of prices because picking one set price would cause differences in the amount of money brought in by the school, which is obviously not going to happen because we all know the school isn’t trying to lose money on this endeavor. In addition, if the prices were too low then too many people would buy these Illinibucks, which would make people not really benefit because there is still risks of not enough space in certain classes, which would defeat the purpose of the Illinibucks. On the other hand, a price set too high would mean that only a very small number of people would benefit from this and only because they are more fortunate or have more personal wealth than other students. This obviously would spark lots of controversy because the “lower” class students would be removed from benefitting and would be angry when they didn’t get equal opportunity as other students. Overall this Illinibucks scheme would be extremely hard to implement because a lot of people such as upperclassmen with high GPA’s would be angry when a spot in a class was taken by someone who paid money to get priority over other students.

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