Wednesday, November 17, 2010

Econ Thinking

ER Guide (6 Princliples):
  • People choose.
  • Your choices have costs.
  • People respond to incentives in predictable ways.
  • We create economic systems that influence our decisions.
  • People gain when they trade.
  • Our choices have consequences that lie in the future.
Mystery Guidlines:
  1.  Read the mystery.
  2. Guess the answer.
  3. Connect each ER guideline to the mystery.
  4. Review clues and decide which are useful.
  5. Based on clues, answer mystery in notebook.

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