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TOK ECON LESSONS Mr. Strebler ECONOMICS AS A SOCIAL SCIENCE

TOK ECON LESSONS Mr. Strebler ECONOMICS AS A SOCIAL SCIENCE. Fast Times at Ridgemont High:. Typical view of economics. Economics knowledge QW:. What kinds of things do YOU think economics deals with?. Rodney Dangerfield video: 1 st day of economics class.

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TOK ECON LESSONS Mr. Strebler ECONOMICS AS A SOCIAL SCIENCE

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  1. TOKECON LESSONSMr. StreblerECONOMICS AS A SOCIAL SCIENCE

  2. Fast Times at Ridgemont High: Typical view of economics

  3. Economics knowledge QW: What kinds of things do YOU think economics deals with?

  4. Rodney Dangerfield video: 1st day of economics class What’s wrong with this picture (video)?

  5. Mini lesson: What are some of the common misconceptions about economics? • It’s about business and making money. • It’s hard. • It’s really boring. • I’m an artsy-fartsy liberal – economics isn’t for me

  6. What is economics? What kinds of economic problems worry Americans?

  7. Problems that worry Americans: • Unemployment, • inflation, • losing homes, • national deficits and debt, • inequality (rich vs. poor), • powerful banks and Wall Street, • paying for college, • retirement, • health care

  8. Why is it worth knowing? How do micro and macro economics differ? Which is more important? • It’s all about making good choices – in your life, in politics, for society as a whole. “You simply cannot make intelligent decisions about politics and government without an understanding of economics”. Corollary: All the people who vote and support candidates without understanding economics really don’t know what the hell they’re doing.

  9. How does it relate to other social sciences? How does the scientific method apply to economics and other social sciences? Explain the ceteris paribus assumption

  10. What kinds of knowledge issues arise? • Distinguish between positive and normative economics.

  11. TOK QUESTIONS: • What distinguishes a social science from a natural science? • Is there a “social scientific method” as opposed to a “natural scientific method”? What might be the similarities and differences? • To what extent is economics value-free? • What are the implications of the assumption of ceteris paribus? Do other areas of knowledge make a similar assumption? • What criteria should be adopted for evaluating normative statements in economics? • What is meant by “rationality” in economics? Are there different types of “economic rationality”? • If economics studies actual human behaviour, should it also study irrational human behaviour?

  12. Examine the assumption of rational economic decision-making. DVDs Ch. 1: • Rational is as rational does, • Specialization – genesis of markets and capitalism, • Private Property – advantages and disadvantages

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