2: Thinking Like an Economist Intro economics can be thought of as a science scientific method: ? the dispassionate development and testing of theories about how the world works: The Economist as Scientist The Scientific Method: Observation, Theory, and More Observation economist can observe whats going on around him, then make theories based on that will collect data from all over to test his theory harder for economists to make experiments, have to just use whats given to them rely strongly on examples in history The Role of Assumptions assumptions can simplify complex ideas and make them easier to understand or give you a better idea of the complex idea different assumptions for different situations short term =prices stay the same long term= prices are flexible
AP Econ Chapter 2 outline
2: Thinking Like an Economist Intro economics can be thought of as a science scientific method: ? the dispassionate development and testing of theories about how the world works: The Economist as Scientist The Scientific Method: Observation, Theory, and More Observation economist can observe whats going on around him, then make theories based on that will collect data from all over to test his theory harder for economists to make experiments, have to just use whats given to them rely strongly on examples in history The Role of Assumptions assumptions can simplify complex ideas and make them easier to understand or give you a better idea of the complex idea different assumptions for different situations short term =prices stay the same long term= prices are flexible
Need Help?
We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.
For general help, questions, and suggestions, try our dedicated support forums.
If you need to contact the Course-Notes.Org web experience team, please use our contact form.
Need Notes?
While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!