Ec 10A: Lecture 1: 31 August 2016
∙ 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
o Positive vs normative statements
Positive: how the world works
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