Economic Reasoning

Introduction to Economics

What you'll learn

Understand Critical Thinking and Reasoning: Define the structure of arguments, distinguish between good and bad arguments, and identify evidence and bias.

Master Logical Frameworks: Differentiate between inductive and deductive inferences, understand algebraic logic, and apply reasoning to real-world problems.

Develop Economic Models: Construct and interpret economic models like the Keynesian multiplier, explore linear models, and analyze growth through algebra

Master Algebra for Economic Applications: Understand and apply algebraic concepts, such as equations, functions, and ratios, in analyzing economic problems.

Enhance Argumentation Skills: Learn to structure arguments effectively, assess evidence critically, and identify logical fallacies in reasoning.

Solve Systems of Equations: Develop skills to solve linear and nonlinear systems graphically and algebraically in economic contexts.

Explore Mathematical Models: Critique mathematical models in economics, understanding their strengths, limitations, and implications.

Apply Exponential and Logarithmic Functions: Use these functions to model and analyze growth, decay, and other economic phenomena.

Understand the Role of Variables: Differentiate between variables, constants, and parameters in economic models and analyze their significance.

Use Numerical Evidence: Develop the ability to construct compelling arguments supported by quantitative data

Bridge Logic and Economics: Integrate logical reasoning with economic models to solve practical problems and make informed decisions.

Recognize and Mitigate Bias: Identify potential biases in arguments, data presentation, and decision-making processes.

Apply Graphical Analysis: Learn to represent and analyze economic relationships using graphical methods.

Engage with Real-World Issues: Use reasoning and mathematical tools to address contemporary economic challenges, such as policy evaluation and growth analysis.

Develop the capacity to question assumptions, challenge existing perspectives, and provide alternative solutions grounded in logic and evidence.

Requirements

Basic proficiency in high school-level algebra is recommended but not mandatory.

Access to a device with internet connectivity to explore online resources and videos.

An open mind and readiness to engage with critical thinking challenges.

Description

Course DescriptionThis course offers a comprehensive introduction to critical thinking, logical reasoning, and mathematical tools, empowering learners to analyze and solve economic and real-world challenges effectively. Participants will develop the ability to construct strong arguments, evaluate evidence critically, and identify biases in reasoning. The course explores core algebraic concepts, such as equations, functions, and ratios, while introducing practical applications through economic models like the Keynesian multiplier and linear systems.Learners will gain skills in interpreting and critiquing data, applying exponential and logarithmic functions, and solving systems of equations graphically and algebraically. These tools will be applied to explore key economic concepts, such as growth analysis and decision-making processes.Designed for students, professionals, and lifelong learners, the course bridges the gap between logic, mathematics, and economics, emphasizing their interconnectedness in addressing contemporary challenges effectively. Participants will not only build technical skills but also develop a critical mindset to question assumptions, assess alternative perspectives, and construct evidence-based solutions for diverse scenarios.By the end of the course, learners will be equipped with the analytical and problem-solving skills necessary to navigate academic, professional, and societal challenges, making this course an essential foundation for anyone interested in economics and its practical applications worldwide.

Overview

Section 1: Introduction

Lecture 1 Arguments

Section 2: Lecture 2

Lecture 2 Logic

Section 3: Lecture 3

Lecture 3 3.1 Arguments to Mathemetics

Lecture 4 3.2 Models in Economics

Lecture 5 3.3 Testing Empirically

Lecture 6 3.4 Assumptions and Logical Strength

Section 4: Lecture 4

Lecture 7 4.1 Variables and Constants

Lecture 8 4.2 Factorization

Lecture 9 4.3 Keynesian Multiplier

Section 5: Lecture 5

Lecture 10 Factors

Lecture 11 5.2 Factors Continuation

Section 6: Lecture 6

Lecture 12 Concepts of Mathematical Economics

Section 7: Lecture 7

Lecture 13 7.1 Econometric Models

Lecture 14 7.2 Origins of Phillips Curve

Lecture 15 7.3 Role of Economic Models

Beginner Economists: Individuals new to economics who want to understand core reasoning and mathematical techniques.,Students in Social Sciences: Learners curious about how arguments and logic are applied in economic contexts.,Aspiring Analysts: Those looking to strengthen their ability to use data and models for informed decision-making.,Lifelong Learners: Anyone interested in improving their critical thinking and reasoning skills in real-world and academic scenarios.,Undergraduate Students: Beginners in higher education who wish to build foundational skills in logic, argumentation, and economic modeling.,Bachelor’s, Master’s, and PhD Students: Students at any level aiming to strengthen their critical thinking and mathematical reasoning in various fields, including economics and social sciences.,The General Public: Curious learners interested in developing critical thinking and reasoning skills applicable to daily decision-making and societal challenges.