Developing Economic Thinking Through Everyday Observations
The economic naturalist writing assignment is an innovative educational tool that encourages students to apply economic principles to real-world phenomena. Popularized by economist Robert Frank, this approach helps students develop the habit of looking at everyday situations through an economic lens. Rather than memorizing abstract concepts, students learn to observe and explain the economic forces at work in their daily lives.
The Core Concept: An economic naturalist is someone who sees the world differentlynoticing patterns, behaviors, and outcomes that others overlook and explaining them using basic economic principles.
The economic naturalist assignment serves multiple educational purposes:
A well-crafted economic naturalist assignment typically begins with an interesting question about some observed phenomenon. The question should be specific, puzzling, and seemingly counterintuitive. The rest of the assignment then applies economic reasoning to provide a clear, logical explanation.
Question: Why do theater tickets often cost the same amount regardless of the quality of the seats, while airline seats at the front of the plane (business class) typically cost much more than those at the back?
Economic Explanation: The difference can be explained by understanding the nature of substitutes and the value of time to consumers. In theaters, audience members typically arrive at the same time and need decent visibility; the marginal benefit of perfect views versus adequate views isn't as significant as the cost differential would need to be. However, airline passengers have different time constraints and business needs. For business travelers, the value of comfort, faster boarding, and workspace (which business class provides) is extremely high relative to the extra cost, making the price difference economically rational. Also, airlines can segment their market more effectively than theaters can.
Creating a successful economic naturalist piece involves several key steps:
The best economic naturalist questions typically share certain characteristics. They arise from genuine curiosity about something you've observed. They're specific rather than general. They're often about something that initially seems puzzling or contradictory. And importantly, they can be explained through economic reasoning without requiring advanced knowledge.
Topics can come from anywhereinstitutions, social practices, product designs, personal habits, or more. Some productive areas to observe include:
While economic naturalist assignments don't require advanced economic knowledge, they do require understanding of basic economic principles that can be applied as explanatory tools. These often include concepts like:
The key is to use these principles as explanatory lenses, not just to mention them. Your explanation should show how these forces work together to produce the observed outcome.
Students often face certain challenges when completing economic naturalist assignments:
When evaluating economic naturalist assignments, instructors typically look for:
Developing economic naturalist skills goes beyond completing assignmentsit fundamentally changes how students perceive the world. The economic naturalist approach cultivates:
Ultimately, the economic naturalist writing assignment represents a pedagogical approach that transforms economics from an abstract discipline into a practical way of understanding and explaining the world around us. By training students to observe, question, and analyze everyday economic phenomena, these assignments develop skills that extend far beyond the classroomskills that enable more informed economic thinking throughout life.
