TOPIC 13: The Economic Way of Thinking
- Robert L. Sexton, Exploring Macroeconomics, Chapters 1-3
- Robert Hahn and Scott Wallsten, “Whose Life is Worth More? (and Why is It Horrible to Ask?)” (See Readings)
- Milton C. Weinstein, “We Ration Healthcare. Why Not Do it Rationally?” (See Readings)
- The Wall Street Journal (or another national newspaper)
- Blinder, Hard Heads & Soft Hearts, Introduction and Chapter 1 (on reserve in Simpson Library)
- McKenzie and Tullock, The Best of the New World of Economics, Chapter 1, “Economic Thinking” (on reserve)
- Maurice Levi, Thinking Economically, Chapters 1 and 2 (on reserve)
- Stephen Rhoads, An Economist’s View of the World, Chapters 1-3 (on reserve)
STUDY QUESTIONS FOR TOPIC 2:
- Describe the economic way of thinking.
- List and explain the characteristics of the economic way of thinking.