How economists use the standard scientific method

Chapter 1 Discussion

Chapter 1 discusses how economists use the standard scientific method to answer who, what, and how questions in studying economics.

How have you applied the scientific method, or a similar process, in your school or work life?

Post your response on the Discussion Board, citing evidence from research articles or periodicals found in the library’s research databases, such as The Wall Street Journal, Barron’s, or Fortune, and/or from government sources. Be sure to include enough details so that your classmates can understand the findings, and be sure to include the titles and URLs of articles in support of your position.

Chapter 2 Discussion

What is meant by the term “creative destruction”? How does the emergence of self driving cars relate to this idea?

Post your response on the Discussion Board, citing evidence from research articles or periodicals found in the library’s research databases, such as The Wall Street Journal, Barron’s, or Fortune, and/or from government sources. Be sure to include enough details so that your classmates can understand the findings, and be sure to include the titles and URLs of articles in support of your position.

Chapter 3 Discussion

This chapter discusses the paradox of thrift . A paradox is a statement that seems to be a contradiction. In the paradox of thrift cycle, each individual’s prudent action(s) have unintended consequences. The paradox of thrift is an example of a concept that the whole is greater than the sum of its parts.

What has happened in your personal life that illustrates the paradox of thrift?

Post your response on the Discussion Board, citing evidence from research articles or periodicals found in the library’s research databases, such as The Wall Street Journal, Barron’s, or Fortune, and/or from government sources. Be sure to include enough details so that your classmates can understand the findings, and be sure to include the titles and URLs of articles in support of your position.

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