Saturday Seminar - Economic Fictions (and the Truths Behind Them)

Edward Leamer, an Economist at UCLA, has said that humans (and hence, economists) are “story-telling animals” and economics a collection of special (mathematically based) stories. As economists, we think these stories are good stories. But even though every good story is grounded in reality, the stories themselves are not reality. Stories stretch reality to engage an audience, teach a lesson, or excite emotions. Economic “stories” are the same. In this seminar, we will look at some commonly told economic stories to see where they come from, how they “stretch” reality, and how belief in such simple stories may lead us astray when we apply them to the real world.

“Stories” that we will consider will cover the origin of prices, the perfection of markets, the “ideal” role of government, and the sources of economic growth. Each topic will address core Colorado Academic Standards and provide practical lessons that can be brought back to the classroom.

This class is offered either in-person or virtually. Those attending virtually will receive a separate email with the Zoom link to the meeting.

Grades: Secondary Teacher Focus (ideal for teachers in grades 6-12, but all K-12 teachers are welcome)
Continuing Education Credit: Certificate for 7.5 hours
Optional Credit: ½ UCCS ECON 6310 Graduate Credit Hour, $50.
Faculty: Dale DeBoer, PhD
Mentor Teacher: Marshall Moore
Travel Stipend: $50 travel stipends are available for teachers traveling more than 75 miles one-way to attend the class
Includes: Light breakfast, lunch

Host or Publisher Junior Achievement-Rocky Mountain