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Economics and TOK

The ‘Real World’ The ‘TOK World’


*concrete Real Life Situation *abstract
*specific *Could be from an article or personal life… *general
*Helpful if claims made in a specific AOK

I read an article that claimed that very few economists were


able to foresee the 2008 economic crisis

First Order Claims Second Order Claims


*Often explicitly stated *Often implied rather than stated
*Rather specific to the Real Life Situation *More general than First Order Claims

The crisis took markets by surprise. Human Scientists are not always able to
reliably predict events.
Many people were not prosecuted despite What does this say more Knowledge of a potential event may bring
wrongdoing though some firms were. generally about knowledge? with it a moral responsibility.
The crisis was so large it was compared Language use (like tsunami) can affect
to a Tsunami. how people perceived an event.

First Order Questions Second Order Questions


*Questions you might see on a subject test *KQs: About knowledge, General, Open
*Vocabulary is specific to the subject *Derived from the Second Order Claims

Why were institutions unprepared for this How reliably can we predict in Human
event? Science?
Was it right to prosecute firms rather than When does knowing entail a moral
people? responsibility?
Was the crisis so devastating to warrant How useful are metaphors in Human
being called a Tsunami? Science?

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