Exploring the Functions of Business- Is the Causal Claim Correct Discussion – Description
Read and watch the following readings and videos to answer questions:
Readings:
Dyer, L. (2006). Critical Thinking for Business Students. Captus Press. (Chapter 4: Underlying assumptions)
Corporate Finance Institute (2021). Neoclassical Economics and Assumptions:https://corporatefinanceinstitute.com/resources/ec…
Ragan, C. (2015: June 16) Adam Smith’s greatest legacy is his balanced approach. The Globe and Mail https://www.theglobeandmail.com/report-on-business…
Fox, J. (2015) From “Economic Man” to Behavioral Economics. Harvard Business Review, 93(5), 78–85.
Fox, J. (2012) The Economics of Well-Being. Harvard Business Review, 90(1), 78-83.
Watch:
Crash Course in Behavioral Economics:
The questions you need to answer (ONLY according to the readings and videos I give):
Is the causal claim correct?
For each of the assigned readings for the week (not including the Critical Thinking… text) identify one causal claim made by the author(s) and evaluate the validity or merits of that claim. Are you able to identify alternative explanations for the phenomenon in question?
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