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Econ Presentation 1 - Five Premises

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An introduction to the basic principles used in my HS Economics course

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Econ Presentation 1 - Five Premises

  1. 1. 5 Premises
  2. 2. Premise #1● Incentives are the foundation of EVERYTHING.
  3. 3. Premise #2● The Butterfly Effect
  4. 4. Premise #2● The Butterfly Effect● is not just a crappy Ashton Kutcher movie
  5. 5. Premise #2The Butterfly Effect●● Small events can have HUGE consequences.
  6. 6. Premise #2
  7. 7. Premise #3● CONVENTIONAL WISDOM
  8. 8. Premise #3● CONVENTIONAL WISDOM● Is NEITHER conventional, NOR wisdom
  9. 9. Premise #3● CONVENTIONAL WISDOM● Is NEITHER conventional, NOR wisdom ● Is usually WRONG!
  10. 10. Premise #4● Experts use informational advantage to serve their own agendas.
  11. 11. Premise #5● Knowing WHAT to measure, and HOW to measure it, simplifies understanding.
  12. 12. Premise #5● Knowing WHAT to measure, and HOW to measure it, simplifies understanding.
  13. 13. Premise #5● Knowing WHAT to measure, and HOW to measure it, simplifies understanding. X

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