Economics as a Science.To understand what a hypothesis is

-To understand why Economics is a social science?
-To understand what a hypothesis is.

1. Economics as a Science Objectives: -To understand why Economics is a social science? -To understand what a hypothesis is.

2. Hypothesis Hypothesis - a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation

3. Scientific Method

4. Discussion Point Example of Economics as a science – East Vs West Germany This is an example of a natural experiment as the wall created a naturally occurring division to illustrate treatment and control. Who was controlled and who was treated in relation to East and West Germany? During the time of the Berlin wall it was an easy economic comparison to make.

5. Which regime was preferable? Capitalist West or Communist East East Germany had poverty and West Germany showed a progressive economic growth and better living standards.

6. The data below is taken from The Economist after the fall of the Berlin Wall and up to 2014 as a comparison as to how reunification has had an impact. What can you conclude from the data below?

7. Evaluation from Data

8. Evaluation (What would you add now) C – L – A – S - P A clasp is something that holds things together. But it’s also an acronym for the 5 types of evaluation. C onclusions from the data L ong run and s hort r un A ssumptions we have made? S takeholder Analysis P rioritisation of your argument