Ever since I’ve been studying economics, one of the most important precepts, that bears repeating, has been to keep things simple. “As you will see,” I tell my students, “there’s much in real life that mucks things up.”
Though it’s unavoidable when the policy chapters roll around, I try to keep politics (the greatest source of said muck) out of the lesson plan.
If, however, my students voted for a bonus class at the end of the semester, asking me to elaborate on the government’s effect on the economy, I might start with something they’re familiar with; regulations.
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