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Economics 1, 001|Fall 2011|UC Berkeley

by Kenneth E. TRAIN

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Description

ECON 1 LEC 001 Fa11

Customer Reviews

Good for beginners

Great podcast. Ive already got through 4 lessons in 1 day. Very easy to understand.

Good presentation of conventional wisdom -

After reading current critiques of standard economics as taught in this class, some of the deeply flawed assumptions presented stick out like sore thumbs. The tragedy is that flawed oversimplified ideas introduced at the freshmen level with the hope that things might be qualified later on. is a destructive mode of teaching. It is much harder to unlearn a concept that forms the foundation of one's understanding.
For instance, the "supply curve" explanation given is in fact, extremely counter-intuitive - yet the professor, by fiat, merely proclaims it makes common sense. I am seeing that the underpinnings of economic "theory" is fraught with with uncontested presumptions that become part of the lexicon that drives policy. Its easy to correct a thought process at the margins, but to convince a policy maker that they have been operating under false fundamentals for an entire lifetime is almost impossible. This is the tragedy. If the professor qualified the explanations, warned the students that this is conventional economic theory which has failed miserably - but that one needs to be familiar with what's wrong before one can truly understand what is correct - then I could see the justification for presenting a ptolemaic version of economics.

Great professor, great course

It is always helpful to have a great professor to guide alone when learning an introduction course. Prof. Train did it well. He explained core concepts very clearly. He is an enthusiastic lecturer and can always engage students.