Economic methodology
What is the difference between these 2 statements?
• His new car is green
• His new car is a terrible shade of green
Introduction to
economics
Y1: Economic
methodology and AS: ECONOMIC METHODOLOGY AND
the economic
problem THE ECONOMIC PROBLEM
, ECONOMIC METHODOLOGY
Economics as a social science
Similarities to and differences in methodology from natural and
other sciences
The difference between positive and normative statements
How value judgements influence economic decision making and
policy
People’s views concerning the best option are influenced by the
positive consequences of different decisions and by moral and
political judgements
Students should understand how thinking as an economist may
differ from other forms of scientific enquiry
What is the difference between these 2 statements?
• His new car is green
• His new car is a terrible shade of green
Introduction to
economics
Y1: Economic
methodology and AS: ECONOMIC METHODOLOGY AND
the economic
problem THE ECONOMIC PROBLEM
, ECONOMIC METHODOLOGY
Economics as a social science
Similarities to and differences in methodology from natural and
other sciences
The difference between positive and normative statements
How value judgements influence economic decision making and
policy
People’s views concerning the best option are influenced by the
positive consequences of different decisions and by moral and
political judgements
Students should understand how thinking as an economist may
differ from other forms of scientific enquiry
