IBE - U1 Intro by jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp Introduction to Economics en-us 2022-04-03 16:37:44 UTC 2024-07-04 13:29:55 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/442/edd5f70ac2e0b2337494a21e47f02ed2/AC_Logo_400X400.jpg jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2127513596 This unit is made up of two lessons. We will spend approximately ten class hours on this unit. ]]> 2022-04-03 21:03:15 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2127513596 Conceptual understandings in Unit One focus on Nine Economic Concepts (which are bolded below) jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2127614308
  • Economics is a social science characterized by interdependence, which focuses on how people interact with each other to improve their economic well-being, influenced and enabled by their values and their natural surroundings.
  • The economic world is dynamic in nature and constantly subject to change.
  • Economic theories are based on logic and empirical data, using models to represent and analyze this complex reality. Individual and collective motivations and behaviors are complex and diverse, and their understanding entails the interaction of a variety of disciplines such as philosophy, politics, history, and psychology.
  • Economic decision-making impacts the relative economic well-being of individuals and societies.
  • The central problems of economics are scarcity and choice. This forces societies to face trade-offs, opportunity costs and the challenge of sustainability.
  • Debates exist in economics regarding the potential conflicts between economic growth and equity and between free markets and government intervention.
  • Endless economic growth, based on the consumption of finite resources, cannot continue indefinitely. New economic models and social movements have challenged mainstream opinion about the purpose of growth and how the economy could be redesigned to support long-term prosperity.
    • ]]>     2022-04-03 23:46:36 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2127614308     Module 1 - What is economics? jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235627048 Module 1 focuses on what economics is, and how it relates to our world. There are four lessons. We will learn our first two graphs here: the PPC model, and the circular flow diagram. ]]> 2022-07-02 18:37:45 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235627048 Module 2 - How do economists approach the world jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235627964 Module 2 focuses on how economists gather data, organize their thinking, and communicate their conclusions. It is made up of two lessons. ]]> 2022-07-02 18:41:43 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235627964 Visual Syllabus jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235629621 2022-07-02 18:50:38 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2235629621 Introduction flowchart jclerch https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2260169639 2022-08-13 00:37:29 UTC https://padlet.com/jclerch/u0cxilgk5pft9kfp/wish/2260169639