Modeling to Learn Economics (and Learning to Model in Economics) Clare Battista, Ph.D. Economics Cal Poly, San Luis Obispo NETA November 6, 2014 1 Modeling to Learn (MTL) • • • • • • • • • Modeling to clarify thinking Modeling to discover ideas Modeling to discover cause and effect Modeling to discover connections Modeling to enhance quantitative literacy Modeling to discover solutions Modeling to get beyond thresholds Modeling for just in time learning Modeling to learn. 2 Model Building • Modeling – framework(s) for framing, understanding and accessing all the material in the course – Set of intellectual tools that allow students to connect and integrate ideas across the course, across the discipline, across disciplines – Flexible techniques (no rules) 3 Mind Mapping 4 Flow Charts 5 Equations 6 Narrative 7 Use the technology 8 9 As instructors, MTL makes us a bit more meta about what we want students to actually learn 10 Why MTL? Revised Bloom’s Taxonomy 11 What do we • What do weto want them to WTL in Economics? want students Model to Learn in Economics? 12 Abstract Thinking … Concrete – Abstract (and back again) Threshold concept - aggregation 13 Logical Reasoning 14 Deductive Deductive – From general to specific – Law of Demand – Does consumer spending on smart phones follow the law demand? (quantitative literacy) on on 15 • Inductive Reasoning – From specific to the general – Does government spending in California stimulate the economy? – Research the issue, collect and analyze the data, conclude. – General theory about the effect of policy on the economy 16 Deductive Inductive 17 18 19 Based on the article Automatic Reaction, map out the connections that David Autor makes between technology and inequality. 20 Visualize it! 21 Causes POVERTY 22 Consequences POVERTY 23 Short term vs Long term Effects POVERTY 24 25 Sequence in a logical order Making connections and organizing idea 26 27 http://www.umich.edu/~lawrace/assets/Charts/segconsequences.gif CHUNKING INFO INTEGRATING 28 29 What is the impact of …? 30 What are the ripple effects? 31 32 Teach What You Have Learned • What are the concepts and skills involved • Name them • Teach them • • • • • Opportunity Cost Shifts vs. Movements Recessionary Gap Business Cycle Economic Mobility 33 34 It is illegal for people to sleep in their vehicles on city streets and parking lots. Vehicles that violate the ordinance will be issued a one-time warning prior to being issued a ticket. What’s the story? 35 What’s the story? 36 What’s the story? 37 What’s the story? 38 What’s the story? 39 Keep students off balance so they become comfortable on shifting terrain Challenge assumptions, address fears 40 Off Balance – Challenge assumptions • • • • Theories of poverty (7) Muhammed Yunus (rethinking the poor) Jessica Jackley Kiva (rethinking entrepreneurship) Malcolm Gladwell (Capitalization Rates) 41 Fear of failure 42 What’s the big idea? 43 Economic Inequality = f (Education) • • • • • • • Read: Bernstein, Waking Up From the American Dream Read: James, College Wage Premium Read: Florida, Future of US Work Force in Creative Economy Read: Levy, Education/Inequality in the Creative Age View: Robinson, Changing Education Paradigm Read:Frank, Vicious Circle of Income Inequality( Read: Krugman, Graduates v. Oligarchs Journal Prompts: Identify and explain the "big idea" in each of the readings/videos 44 Take a Position (requires confidence and permission) From Business Readis Today.Experienceing Life at the Interesction of Creativity, Data, and Technology … “OpposableMinds” 45 3 Hypothetical societies Meritocracy or meritocratic society. In a meritocracy, economic outcomes are based on talent, effort, skill, education and hard work. Those who work the hardest and have the greatest talent, regardless of class, gender, race, or other characteristics, have the highest income. The “fortune cookie” society. In this society, where one ends up bears no relation to talent or energy, and is purely a matter of luck. The class-stratified society or birthright economy: In this society, family background is all-important — children end up in the same relative position as their parents. Mobility between classes is little to non-existent. This is also referred to as a birthright economy whereby outcomes are tethered to the socioeconomic class of parents. In this economy, children would stay in same quintile as parents regardless of talent, effort, skill and education. 46 Questions 1, Which one of these hypothetical societies would you choose to live in? Why? Explain. Give 3 reasons why this society is more desirable. 2. Provide 2 reasons each for why the other societies are less desirable. 47 Questions 3. In your estimation, what type of society is the U.S.? You may choose more than one type like meritocratic and luck, or all three. However, you must provide percentages like 80% meritocratic and 20% luck or 5050. 4. Next, provide reasons or examples that help us understand why you assigned the percentages the way that you did. 5. Start thinking about how you might measure these things. 48 Review of Assignments • • • • • Visualize it! Mapping What’s the story? Teach what you have learned Off balance: – Challenge assumptions – Fear of Failure • • • • Big Idea Take a position Hybrid “catch all” Journals Reverse Engineering (scaffolding) • Talk the Talk (name and explain) • Walk the Walk (model it!) • Pair Share (circumvent priming and framing) 49 50 51 Deliberate Practice • Deliberate practice describing graphs (QL) • Deliberate practice explaining graphs (QL) • Deliberate practice mapping cause and effect relationships (QL) • Deliberate practice with the big idea. • Deliberate practice in finding the argument (cause and effect) in the article • Deliberate practice in making the cause and effect case • Deliberate practice with formulating research questions • Deliberate practice with Identifying and citing the author (added bonus) 52