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How do you see the future of economics? What methodological changes and challenges are we to expect in the next decades?

ECONOMIC ASSIGNMENT

– Economics is related to many disciplines. Choose one of the following disciplines: sociology,
political science, mathematics, history, philosophy, law, physics, biology – and discuss the patterns of interaction between this discipline and economics

How do you see the future of economics? What methodological changes and challenges are we to expect in the next decades?

– What could be the value of economic theory? Find an example of applying economics in real- world practices and discuss whether economics has been successful as an applied discipline.

– What are the limitations of economics? Find a critique of (contemporary or past) economics and use the ideas from the course to analyze whether and how far this critique could be justified

-How do the contexts shape economics? Consider one of many social/political factors and explain, how and why it may matter for economic analysis and economics discipline

– Pick up an economic model of interest to you (not considered in the course) and analyze it using the approaches you have studied or other methodological perspectives on modelling.

-Find a paper in empirical economics and evaluate, based on what you have learned in the course, the methods used there to establish a causal connection.

-Find a debate/controversy in contemporary or past economics (not studied in the course) and explain the fundamental methodological assumptions used by the participants of the debate

-Find an example of a paper or a policy document in economics that deals with normative questions and reconstruct its normative (value) presuppositions.

– a topic of your choice (approved by the lecturers, please contact the course coorinator if you would suggest your own topic)

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