Solving Puzzles: The Methods of Economics

9/4/98


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Table of Contents

Solving Puzzles: The Methods of Economics

Positive and Normative Economics

Positive and Normative Economics

Positive and Normative Economics

Positive and Normative Economics

Models and Evidence

Models and Evidence

Models and Evidence

Statistical Analysis

Assumptions and Conclusions

Good and Bad Models

Purposes of Models

Models Are Artificial Economies

Models of Behavior

Common Logical Fallacies

Fallacy of Composition

Post-Hoc Fallacy

Other-Conditions Fallacy

Statistics Fallacies

Statistical Fallacies

Statistical Fallacies

Statistical Fallacies

Statistical Fallacies

Interpreting Correlations

Evidence in Economics

Types of Data

Types of Data

Why Economists Disagree

Why Economists Disagree

APPENDIX

Using Graphs in Logical Thinking

Misleading Graphs

Median Family Income Adjusted for Inflation

Median Family Income Not Adjusted for Inflation

Median Family Income Not Adjusted for Inflation

Many Curves on the Same Graph

Earnings of Full-Time Workers

Earnings of Males with Full-Time Jobs

Earnings of Females with Full-Time Jobs

Shifting Curves

The Earning Curve Shifts when a Student Goes to College

The Earning Curve Shifts when a Student Goes to College

If Reduced Sex Discrimination Raises the Earnings of Women

If Reduced Sex Discrimination Raises the Earnings of Women

Slopes of Curves

Relation Between Grade and Studying Time

More Studying Time Leaves Less Time for Television

Slopes of Curves

Calculation of Slope

Areas

Area of a Rectangle: The Base Times the Height

Area of a Triangle

Solving Puzzles: The Methods of Economics

PPT Slide

Author: Anthony Zambelli

Email: stoc@troi.cc.rochester.edu

Home Page: http://www.econ.rochester.edu/eco108/schedule1998.html

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