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HARVARD UNIVERSITY / Economics / ECON 10 / What is the general rule for study time?

What is the general rule for study time?

What is the general rule for study time?

Description

School: Harvard University
Department: Economics
Course: Principles of Economics
Professor: N. mankiw
Term: Fall 2016
Tags: Microeconomics and Economics
Cost: 25
Name: Ec 10A, Lecture 1 Notes
Description: These notes cover the very brief introductory lecture.
Uploaded: 09/01/2016
1 Pages 42 Views 1 Unlocks
Reviews


Ec 10A: Lecture 1: 31 August 2016


What is the general rule for study time?



∙ Gateway course for all economics courses ∙ Ec 10A = microeconomics; 10B = macroeconomics ∙ Structure of the course

o Meets three times a week

o One lecture per week

 Slides online after the lecture

o 2 sections a week (20-25 people)

o P-sets & exams

o Optional unit review and a tutoring program  Extra-credit  

∙ No technology

∙ Methodology of economics

o The scientific method

 Develop a theory/build a model

 Test the theory against data

 Evidence

o Positive vs normative statements

 Positive: how the world works


Ow do you explain the circular flow of an economy?




What is the difference between disagreeing about a positive statement and disagreeing about a normative statement?



Don't forget about the age old question of What is the purpose of generally accepted accounting principles?
We also discuss several other topics like Where are hyperthermophiles found?
Don't forget about the age old question of How to make the branch diagram?
If you want to learn more check out What are the characteristics of mineral?
If you want to learn more check out What is the meaning of a placebo?
Don't forget about the age old question of Broadbent filter theory is the theory of what?

 Normative: how it should work

∙ Circular flow diagram

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