Beruflich Dokumente
Kultur Dokumente
Dr. Helen Roberts - hroberts@uic.edu http://cee.econ.uic.edu/ Certificate for Teaching Economics http://cee.econ.uic.edu/certification.html http://cee.econ.uic.edu/undercertification.html
Review/Reflection
On your own
1) Whats the big or essential question that Roberts and McCloskey seek to answer? [one sentence] 2) Whats their argument? [1 or 2 sentences]
VNCS
http://www.councilforeconed.org/wp/wpcontent/uploads/2012/03/voluntary-nationalcontent-standards-2010.pdf
Argument:
If free trade is so bad, why have people been doing it (and trying to do it) for well over 4,000 years??!!
Simulation:
You (yes, you) are your own nation. In your glorious land of one, your diet consists only of candy. Like all nations, your resources are limited so is your productive capacity.
Round 1: Autarky
Since the dawn of time your great nation has believed in the idea of self-reliance. Despite the fact that the Dear Leader (you) know there are other people (and products) out there in this great big world, the Dear Leader thinks its a good idea to just consume what youre capable of producing. You only produce one thing or a few variations of the same thing.
Round 1: Autarky
Open your bag of goods. DO NOT SHOW ANYONE WHAT YOU PRODUCE! This is autarky!!! You know other types of candy exist, but borders are closed!!! Okay, this is what nature has determined for you. Cest la vie. On a scale of 1-5, with one being kill me now and 5 being my land is the greatest, rate your bag of goods in terms of utility (or happiness).
If you want to trade, you are allowed to trade ONLY WITH THE PEOPLE SITTING NEXT TO YOU (maximum two)! Do not show your bag of goods to anyone else. Remember, you are not obligated to trade.
There is no limit to what and how much you can trade with a single trading partner. No multilateral trading allowed! Once trading has ceased, on a scale of 1-5, with one being my neighbors are useless and five being perhaps dual citizenship is in order, rate your bag of goods in terms of utility (or happiness).
Round 3: Global Free Trade Once trading has ceased, on a scale of 1-5, with one being Im going back to my cave and five being time to buy a fleet of cargo planes, rate your bag of goods in terms of utility (or happiness).
Inside Job (2010) by Charles Ferguson Academy Award Winner Best Documentary Film
http://stateofworkingamerica.org/
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1) Ibn Khaldun 2) St. Thomas Aquinas 3) Adam Smith 4) Thomas Malthus 5) David Ricardo 6) John Stuart Mill 7) Alfred Marshall 8) Karl Marx 9) Thorstein Veblen 10) Irving Fisher 11) John Maynard Keynes 12) Friedrich August Von Hayek 13) Joseph Schumpeter 14) Paul Samuelson 15) Milton Friedman 16) Paul Krugman
Historical/Philosophical Foundations of Economics New Ideas From Dead Economists by Todd G. Buchholz
Fear the Boom and Bust John Maynard Keynes vs. Friedrich August Von Hayek
http://econstories.tv/2010/06/22/fear-the-boom-and-bust/
http://econstories.tv/2010/10/25/part-i-keynesianism-%E2%80%93it%E2%80%99s-all-about-spending/
http://econstories.tv/2010/10/22/fear-the-boom/
Financial Literacy
There has been progress in economics education, but this trend had slowed in the last couple of years. Our economy has become financialized, so we must become financially literate! Situation in Illinois: Non-financial econ education remains stagnant and behind the trend. Financial literacy education is trending upward! http://www.councilforeconed.org/newsinformation/survey-of-the-states/
Financial Literacy
Read Aloud & Dialogue With a Text: Greater Fools by James Surowiecki, writer of The New Yorkers Financial Page http://www.newyorker.com/talk/financial/201 0/07/05/100705ta_talk_surowiecki
Financial Literacy
National Endowment for Financial Education (NEFE) High School Financial Planning Program http://hsfpp.nefe.org/
Important Resources
Council on Economics Education (CEE) http://www.councilforeconed.org/ CEEs Virtual Economics DVD http://ve.councilforeconed.org/
The Federal Reserves Educational Materials http://www.federalreserveeducation.org/
Recommended Reading
If youre going to teach an economics class and only have time to read one book, I recommend Naked Economics (2010) by Charles Wheelan.
Article Presentations
Why did you choose the article? Using your reading strategy, how would you teach this article? What essential question(s) and enduring understanding(s) might this article help answer and generate? After the students have successfully read the article, what happens next?