TEACHING OF ECONOMICS:-

EXPLORATION AND
ALTERNATIVES

PRESENTED BY:-
NICKY NAINCY JHA
PART-TIME LECTURER
I.T.COLLEGE,LUCKNOW
ACKNOWLEDGEMENT
 Such an important discussion
needs to be gratified through some
intellectuals related to this field,
which is the foundation of a
developed society. My cordial
thanks to Mrs. Anupama Srivastava
(H.O.D- Economics, I.T. college),
who provided me this oppurtunity to
share my views with all of you.
INTRODUCTION
 It is said that “,Economics is what
,Economists do”. The whole discussion
centers around this point. This stream of
Social science is related to decision
making process and policy formulation.
And their impact on socio-economic
development of society is indispensible.
This abstract tries to find out ways to
develop new alternatives and exploration
to equip future generation for further
challenges.
APPROACH
 A paradigm shift is needed to
develop some new methodology.
There is a need to shift from
Newtonian approach to a
systematic approach. The
following methodology can be
helpful.
MODELLING METHODOLOGY
 Stage:1-Dealing with Complexity
 a:-Understanding of the system.
 b:-Defining the level of recursion.
 c:-Determining the key attributes of
the structure.
 Stage:2-Building Qualitative Models.
 a:-Build systematic and dynamic
models.
 b:-Collect data.
 c:-Validate.
 d:-Determining major feedback
loops.
 e:-Analyse long and short term
behavior.
MODELLING METHODOLOGY
 Stage:-3-Quantitative Model
 Stage:-4-Measuring performance
 a:-Identify The Measures.
 b:-Apply measures to the models.
 c:-Explore different scenarios.
 Stage:-5-Application at different
levels of recursion
 a:-Combine individual models.
 b:-Global evaluation.
 c:-Draw conclusions.
CONCLUSION

 “A Sculptor once said that the way

he viewed his art was that he took a
large block of stone and just
chipped it away until he revealed
the sculpture that was hidden inside
it”. So there is need to bring out the
best from every one ,whether it is in
economics and science.