PPT-Economics EOCT Review- Part 2

Define macroeconomics A branch of economics dealing with the performance structure behavior and decisionmaking of an economy as a whole rather than individual markets This includes national regional and global economies. Within these two disciplines there are many more specific topics that economists study H owever in order to understand any economic topic in depth an economist must have a thorough understanding of both major economic disciplines For investors havi Sue L. T. McGregor PhD Professor. Docent in Home Economics. University of Helsinki, 2012. Home economics was born at the apex of Cartesian-Newtonian thinking. This thinking has held sway for over 300 years and deeply influenced the trajectory of the evolution of the home economics profession (founded 113 years ago, between 1899-1909 in Lake Placid, NY). Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. 1. Behavioral Economics. The model of economic behavior we have considered . in this course is . restrictive in a number of ways. Economic agents are assumed to be perfectly rational. Agents are assumed to perfectly understand risk and uncertainty. Objectives. To understand the concept ceteris paribus. To understand the difference between positive and normative statements. Homework: Explain the difference between positive and normative statements using examples from a current article of your choice.. When leaving a movie theater, a person notices that the sidewalk is now wet. If the person assumes it rained during the movie, the person is making a __?. A.) A hypothesis. B.) An inference. C.) An observation. Suppose that the . anole lizard has . fifty-two. chromosomes in the nucleus of its body or somatic cells. How many chromosomes will be in the . unfertilized. . egg. of . an anole lizard. ?. 1. 13. Laibson. & List, 2015). Definition. Introduction to Behavioral Economics. www.EconEdLink.org . 2. System 1 – “operates automatically and quickly, with little or no effort and no sense of voluntary control.”. Sarah's younger siblings are always bothering her when she does her homework, and she begins to wonder whether other students have the same trouble. She surveys 25 of her fellow juniors and records the number of siblings and the homework grades for each of them.. What prompted Kennedy to push for changes in civil rights prior to 1964? . A. The assassination of civil rights leader Martin Luther King, Jr. brought the need for decisive action. . B. White and black professional baseball players boycotted the AFL All-Star Game in New Orleans. . Behavioral Economics and Development Chapter prepared for the Handbook of Behavioral Economics (Vol 2) Michael Kremer, Gautam Rao and Frank Schilbach Harvard University, MIT and NBER 1 2 Historical views of development: Sophomore Open House. March 31, 2023. Why Study Economics?. Intellectual reasons. . Economics is a unique combination of. Scientific method. Social concerns. Practical reasons. Good starting point for professional schools. . SSUSH1 The student will describe European settlement in North America during the 17th century. . Explain Virginia’s development; include the Virginia Company, tobacco cultivation, relationships with Native Americans such as Powhatan, development of the House of Burgesses, Bacon’s Rebellion, and the development of slavery. . Austrian Economics & the Financial Markets. May 22, 2010. Joseph Calandro, Jr.. 1. Contents. Background. Introduction – Austrian Economics & Investing. Investing & “Value Investing”.