1.3 How do we Develop Economic Principles?

Lesson Objectives

Intellectual Humility

recognizing our own limits of knowledge & when to say, “I don’t know.”

Clarify Issues, Conclusions, Beliefs

thinking through and articulating our ideas more clearly

Question of the Week

What is purposeful action and what does thinking have to do with it?

 

Reading for Discussion

Read, page 13-17 – Lesson 2 – of Lessons for the Young Economist by Robert Murphy.

Familiarize yourself with the glossary terms on page 28. Fill out your worksheets in preparation of the discussion on Friday.

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