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Every summer, I try to think of ways to teach my incoming Econ 101 students.
I’m torn between two goals.
One goal is my mandate to teach intro micro Econ. That’s something that one needs to know in order to be taken seriously by a lot of decision makers out there in the world.
Ha-Joon Chang explains it very well…
I hit them with this clip during the first class.
I also try to tell them that Intro economics is not a hard science, nor is it a business course. It’s a social science class which has become a sort of universal language among not just academics but also the language of business and politics. I council them to not take passing my course as some deep, proprietary knowledge of how the entire world economy functions. Instead, it lets you fruitfully read and observe debates about the world economy.
As much as Econ, even just one intro micro class, can unlock doors of communication and access to things you didn’t have access to before, avoid this guys’ fate…
(I show them a clip of Stringer Bell getting shot in his yet unfinished tower and point out that this man had taken sone Econ classes but it didn’t make him bullet proof)
…technically it’s not a spoiler because I don’t even say which show it’s from. A few get it and those few tend to tell their classmates to watch the show.
I hope my warnings get headed but if not, the kids have a lot of years to figure out how little a perfect model micro model can predict.