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- 1. Economic Freedom EducationStephenJ. HaesslerASET ConferenceMesa Community College2 April 2011
- 2. RankingsWhere’s the bestplace to live?Where are the best schools?What’s the best savings vehicle?Who’s the best prospective spouse?Where’s the closest gas station?Who’s the best judge on American Idol?What’s the best professional football team?
- 3. Why Rank Things?Helpsus get a handle on Emotional Factors, and to get beyond narrow impressionsHelps us think about appropriate and inappropriate Objective MeasuresAssists us in coming to grips with desirable Quantifiable Outcomes that match goals
- 4. What Makes aSchool Good?Effective TeachersSupportive ParentsAdequate ResourcesGreat CurriculumMission, Leadership, Etc.
- 5. US News’ America’sBest High SchoolsThe 2010 U.S.News & World Report Americas Best High Schools methodology, developed by School Evaluation Services, a K-12 education data research business run by Standard & Poor's, is based on the key principles that a great high school must serve all its students well, not just those who are collegebound, and that it must be able to produce measurable academic outcomes to show the school is successfully educating its student body across a range of performance indicators.
- 6. Is Ranking Schoolsa Negative, Zero, or Positive Sum Game?
- 7. Negative Sum GameWinsand Losses sum to less than zero….pie is shrinkingExample: budget cuts’ impact on departments within organization
- 8. Zero Sum GameWinsand Losses Add up to zero, pie stays same sizeExample: Coin Toss outcomes, poker
- 9. Positive Sum GameWinsand Losses Sum to More than zero, pie is increasingExample: benchmarking; trade; growth
- 10. What Makes anEconomy Good?Efficiency of Human ResourcesEfficiency of Nat’l & Capital ResourcesOthers; rule of law, justice, happinessEconomic Freedom
- 11. Is Ranking Economiesa Negative, Zero, or Positive Sum Game?
- 12. Economic Freedom DefinedAbilityto make personal choices that shape one’s life (in contrast to collective choices) Ability to voluntarily exchange property rights in marketsAbility to enter and to compete in markets and to bear the costs and reap the benefitsAbility to function in a system that protects persons and their property from aggression
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- 14. Less Economic Freedom?Mankiw’s6th Edition (2012) index, p. 843‘economic’ … fluctuations; growth; mobility; models; profit; report of the president; variables; welfare …Krugman’s 2006 Edition index, p. I-5‘economic’ … aggregates; growth; profit; report of the president … McConnell’s 15th (2002) Edition index, p. I-5‘economic’ … collapse; costs; decline; development; efficiency; environment; goals; growth; methodology; perspective; policy; problem; profit; recovery tax act; rent; report of the president …
- 15. Or More EconomicFreedom?http://www.youtube.com/watch?v=dH5VDZY2H28
- 16. How Can WeInclude More Economic Freedom in Our Courses?One way is to make use of the resources available including those at www.teacheconomicfreedom.org