EP 2

EP2

1. define-

social science- The scientific study of human society and social relationships using the scientific method

ceteris paribus- With other conditions remaining the same.

Economic models- A collection of assumptions, often expressed as equations relating variables, from which inferences can be derived about economic behavior and performance.

Positive economics- economics based on fact that can be tested

normative economics- a statement based on opinion that can't be tested.

2. His model is a fair one as it only includes one variable- the homework being finished. However both the assumptions have no proof thus being normative. This may need to change.

3. What could have upset you're cetirus paribus is the use of real students. Also there is no way of being sure that the kids actually like economy or doing homework. Also several other come into play such as, other work that day, sports etc.

4.I think normative are more common as many political idealogies are based on opinion. such as saying raising taxes will help the economy.