Chapter_2 - Dr. Amuedo Dorantes Econ 102 Chapter 2:...

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Dr. Amuedo Dorantes Econ 102 1 Chapter 2: Thinking Like an Economist This chapter introduces you to the roles and activities of an economist. It includes two simple models and explains why economists disagree with one another at times. Introduction Economists have their own language just as other professionals do. 2.1 The Economist as Scientist Economists behave like scientists. They theorize, collect data, and then analyze the data to see if their theories are supported or not. Definition of scientific method : The dispassionate development and test of theories about how the world works. Economists, like other scientists, make assumptions to make the world easier to understand and to study. For instance, they may examine two countries and how they trade with each other two goods rather than the whole world and all its goods. Models are tools economists use, absent of intricacies and complicating details, to try to understand and explain the world around them. The two models
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This note was uploaded on 12/16/2010 for the course ECON 102 taught by Professor Clague during the Fall '08 term at San Diego State.

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Chapter_2 - Dr. Amuedo Dorantes Econ 102 Chapter 2:...

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