Subscribe to the blogs

Triple A Learning IB Blogs

May 28, 2011

How Psychology Can Inform Economics

Filed under: Psychology — Tags: , , , — Peter Anthony @ 5:57 am

As subject specialists we tend to focus on our own areas of expertise. Perhaps our students, who come into contact with a range of subjects each day, are better at seeing connections. Recently the The Economist hosted a debate on happiness by looking at the topic “This house believes that new measures of economic and social progress are needed for the 21st-century economy.”

On one side is Richard Layard who opening statement is that: “Surely the quality of life, as people experience it, has got to be a key measure of progress and a central objective for any government.”
Arguing against the motion is Paul Ormerod who claims that: “Government attempts to increase measured happiness, rather than making life better for us, may well actually do the opposite.”

Read more…

Measuring Growth, Development and Happiness

Filed under: Economics — Tags: , , , , , — Peter Anthony @ 5:38 am

The Economist hosts debates on a range of topics relevant to the IB Economics Course. By following the debates or reading back over debates that have concluded students can gain a better idea of the contested issues in economics. In additions these debates highlight the difference between normative and positive statements. A recent debate on happiness looked at the topic “This house believes that new measures of economic and social progress are needed for the 21st-century economy.”

On one side is Richard Layard whose opening statement was that:

Read more…