Econ 479

The Art of Writing, the Science of Economics

Economic Concepts

Throughout this course, I will be asking you to address at least one economic concept in each piece that you write. I mean by that using the tools that working economists themselves use in thinking about economic problems, tools that you have been mastering in your other courses.

Here are a few concepts of the sort that I mean:

  • comparative advantage
  • consumption function
  • economies of scale
  • marginal utility
  • moral hazard
  • opportunity cost

There are many more. Your challenge is to select the concept that best fits your argument, then to employ it in ways that civilians—readers not trained in economics, that is—can understand easily.

[Edited to add: Here’s an op-ed piece that uses economic concepts very effectively. See if you can spot all of them.]

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Written by gregorymcnamee

August 23, 2008 at 4:26 pm

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