1. Self-Assessment  This is not a test.  You will use it in a writing assignment later in the course.  It is common experience to be unsure of your answers to many of these questions.  You will have an opportunity to complete this self-assessment again later in the semester.

2. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

3. Prologue  “In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists.” – Eric Hoffer

4. Prologue  “It is impossible for a man to learn what he thinks he already knows.”- Epictetus

5. Prologue  “If I would inspire learning, what is required of me is to be learning along with those I would manage or lead.” -Terry Warner

6. Learning Is A Discovery Process  "The development of general ability for independent thinking and judgment should always be placed foremost."- Albert Einstein

7. Learning Is A Discovery Process  "Few things are as potentially difficult, frustrating, or frightening as genuine learning, yet nothing is so rewarding and empowering."

8. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

9. Source Ideas  “There is too much reliance on secondary sources…that sterilize, compartmentalize and put to sleep.”  “So much better to go to the source of ideas and engage directly with the great minds in conversation.” – C. Terry Warner

10. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

11.  memorize  comprehend: summarize  apply: give an example  analyze: distinguish key elements  synthesize: combine, compose something new  evaluate: make it your own Taxonomy of Learning Objectives Lower vs. Higher Order The value of memorization as a job skill continues to fall while the value of being able to synthesize and creatively apply material continues to increase.

12. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

13. The Antidote To Hubris: Understand That:  Nobody knows as much as everybody and everybody knows very little.  We are all dependent on the talents and cooperation of others in pursuit of our own interests.

14. Dialogue  Going beyond one person’s meaning and perspective. “ A conversation in which the intention is to generate something in the conversation itself that did not exist in any one of the participants before the conversation began.”- McMaster  “We find the river of inspiration by finding and valuing it in others.” -Warner  Useful for: Learning, Conflict exploration, Decision making, Leadership, Self-managing teams, Organizational alignment

15. Dialogue vs. Talking at someone  seeing the whole  seeing connections between the parts  inquiring into assumptions  Learning through inquiry and disclosure, listening, and reflection, what is behind current understanding  breaking issues into parts  seeing distinctions  justifying/defending assumptions  persuading, selling, strategizing, deceiving, coercing, hoarding—using information against or presenting preferred solutions as a given

16. Dialogue vs. Talking at someone  differences are a source of strength and flexibility  trust grows  new meanings, new solutions, new understandings emerge—growth in all parties  differences are to be defeated or compromised over  little, no or negative growth in trust  gaining agreement on one meaning, grudgingly?

17. Listening—An Essential Skill For Dialogue  “To be a good listener, you have to forgo your own ego and put the other person first. You have to shut off the talking inside your own head.”  Quiet, open  Looking to unknown, no focus on memory  Listen for what you don’t know  Do not listen to fit the speaker’s words to what you know already; do not listen just to respond.  You will not do this perfectly but respect for this process will increase your skills

18. Summary: Dialogue Depends Upon  Suspending judgment  Listening  “An inquiry into and an examination of underlying assumptions.” Helps new knowledge and understandings emerge Reveals unseen thinking patterns  speaker and the listener benefit “Every sincere question is humility expressed.” –Terry Warner

19. Purpose in Dialogue  "The difference between most conversation and true dialogue is purpose. If the purpose is to help other people get clear about their own thoughts and to get clear about your own, then true dialogue can happen...This conversation is a discovery process...when I truly listen to you I may begin to see things I didn't know I knew."--Michael O'Brien

20. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

21. Pedagogical Considerations  Course is designed to be a rigorous and intellectually stimulating graduate education experience.  Books and readings have been carefully selected to expose students to the works of original thinkers. Thus students grow in their capacity to analyze, synthesize and apply original works.  All writing assignments, group dialogues, lectures, class and web-forum dialogues are designed to facilitate this learning process.

22. Introduction to ECON 640  Prologue – some inspiration  We use primary sources  Learning objectives  We depend on dialogue  Pedagogical considerations  What to expect

23. What Econ 640 Can Give You  A framework that is useful in understanding markets, in management and in professional development.  Exposure to state of the art management techniques as an application of the economic framework.  Improved general conceptual abilities.  Improved ability to participate in dialogue.

24. Econ 640- What It Covers (a partial list)  Order and control in markets and organizations  The role of the individual  Property rights as a foundation of markets  Utilizing dispersed knowledge  The entrepreneurial discovery process  Market-Based Management  The Rule of Law  Applications such as:  international trade  environmental policy  health care policy

25. WebTycho Class Site  http://ubonline.tycho.ubalt.edu http://ubonline.tycho.ubalt.edu  Your username is your PeopleSoft user ID.  Your password is the last four digits of your UB Student ID number  Please keep your e-mail current by clicking options after logging on.  All PowerPoint files will appear here. You may download and print them out for class use.