Posted: September 17th, 2017
Division of Labour and Economics subject content/Economics: Making Sense beyond Common Sense
This assignment, which covers the concepts presented in Unit 1, asks you to prepare a short-essay
response (approximately 700-800 words or two to three, typed/word-processed pages) to
three questions presented below. Do
answer all three.
Your essay response to the question must include direct references to the course materials (textbook,
required readings, or researched sources) and use an appropriate citation style (such as
when quoting or making references to these sources in your responses. Before beginning, take a few
minutes to review
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Essay Questions (answer only one question)
1.1 Unit 1 distinguishes between the concepts of “common sense,” “social science,” “ideology,” and
“knowledge.” What impact does “common sense” have on the way ordinary people think about
economics? Does “common sense” also have an impact on the way professional economists think
and write about economics? Substantiate your answer using the concepts of “ideology” and
1.2 What is the subject matter of economics? What role does the “division of labour” play in defining
this subject matter?
1.3 Unit 1 distinguishes between “mainstream” and “critical” perspectives on economic issues. What
are the fundamental differences between the “Mainstream” and the “Cr
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