EconConcept
Themes
what we're talking about.
High school economics curricula tend to start from Microeconomics - but I put this first as it has the most prevalent applications. From government policies to inflation to political differences, this domain is a wonderful foundation for someone to understand the just how applicable economic theory is.
Rational humans. A general flaw noticed in all orthodox (neoclassical) microeconomic syllabi is this assumption of complete rationality. How can microeconomics be applied then? Well, delve into this theme and you will see how this assumption doesn't pose an issue - and even sometimes aids economic analysis.
A lot of macroeconomics and international economics analysis is ingrained in this. The important difference in this theme is the focus - economic development - as opposed to any other macroeconomic measure. This theme will show how applications, and thus perspective, are shaped very differently.
The issue with macroeconomics is that it’s geographically bounded. It's always about the unemployment levels of South Africa, or the cash reserve ratio in the UK. But don’t we need to be able to compare and contrast? Ideally, yes - but this isn't necessarily simple given that exchange rates, international trade, and economic integration come into play. It is still fascinating to explore though.
Steven Levitt, the author of Freakonomics, famously applied economic theory to many diverse topics - right from the KKK to naming children. As the aim with EconConcept is to show how applicable econ is, I seek to do the same. What better way to do that than by showing how economics can be applied in unconventional and unexpected topics, not limited to just markets, the government, and trade?
For effective economic analyses, a lot of the material needs to go further than the standard high-school syllabi. On this page, I post conceptual explanations of advanced material that I have deployed in all of my themes' analyses.
