Improving Economics Courses With Various Disciplines
We’ve had a perspective of what an economics undergraduate can think of. Now, I’ll write about how various disciplines can improve economics courses globally.
Firstly, economics is a discipline consisting of various disciplines like psychology, biology, sociology, neuroscience, and evolution. But, due to short-minded academy; many economists have a hard time changing curriculums. Now, I’ll write how various disciplines can be used to give a thorough understanding of economics in my perspective:
As economic activities are a result of consumer behavior; understanding all the processes behind decisions demands an understanding from psychology. Despite psychology has numerous sub-disciplines; behavioral, social, and introductory psychology courses can help students having a thorough understanding of their courses. Now, let’s have a look at how various sub-disciplines can be useful;
Teaching introductory psychology for one term with fewer subjects than psychology for having an understanding in fields like neuroscience, social and behavioral psychology, and their use in economics.
Behavioral psychology simply looks for mind-behavior relations. Economics look at how economic actors make decisions. And all social sciences relate to human behavior. Learning human behavior enhances understanding of real interactions with decision making.
We’re the end product of neural activities and chemicals in our biology, so does our economic decisions. So, why won’t we have information about our brain? Why won’t we understand how economic decisions are being made without physics models? Why we still use outdated theories? Why do we fear new economic concepts even though they’re supported by evidence? Learning about the brain is helpful when we go deeper into macroeconomics, microeconomics, and other courses. Consequently, economic policies can be built accordingly with the help of social psychology and knowledge of the brain for more prosperous societies.
Economic decisions are a matter of choice. And our biology chooses what is best for us with remarkable accuracy unlike homo economicus (economic human). Since the theory of evolution founded by Charles Darwin and modern developments in neurology; economics evolved to be a living system constantly developing since Adam Smith’s era. While most classical economics’ questions about human behavior are answered mostly; why we still use outdated information? Why we’re being forced to solve modern problems with dated information? Because our professors are being indoctrinated since Samuelson’s Era, all are being indoctrinated to accept one thought automatically. Now, a group of people realizing there’s a mistake in economics education and some are determined to make the change happen. And some change is coming on its way.
How would you improve economics education? Share your views and thoughts in the comments section below.