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REL 1000 : Religion Notes for 3rd Lecture (got the best grade in class)

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goldsnake374
24 Jun 2014
School
LSU
Department
Religious Studies
Course
REL 1000
Professor
All

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Celebrations and beliefs of Buddhism (The Four Noble Truths, The Eightfold Path, etc.) relate to your faith tradition. If Buddhism is your faith tradition or you do not have a specific faith tradition

Universal v. Ethnic Religions

  • Universalizing religions - belief system that is worldwide in scope, welcomes all people as potential followers, and may actively try to             others

  ○  Christianity + Islam +  Buddhism + Sikhism

  • Ethnic religions - belief system largely confined to members of a single              or              group

  ○ Judism +  Hinduism + Shintoism

  ○  Big differentiator from Universalizing Religion = don't actively              new members

An economic model is

  a means of empirically testing an economic theory.
  a generalization about the workings of an abstract economy.
  a commonly held economic insight stated as a law or general assumption.
  a framework that places the generalized insights of a theory in a more specific contextual setting.

What besides a model do economists need to make policy recommendations?

  Economists need to understand the empirical evidence supporting the theory as well as real-world economic institutions to make policy recommendations.
  Economists also need to know the assumptions on which the model is based to make policy recommendations.
  Economists need to understand the empirical evidence supporting the theory to make policy recommendations.
  Economists need to understand the empirical evidence gathered through testing the model.