{"id":179540,"date":"2020-01-14T13:57:53","date_gmt":"2020-01-14T13:57:53","guid":{"rendered":"https:\/\/www.ts3medya.com\/?p=179540"},"modified":"2020-01-14T13:57:53","modified_gmt":"2020-01-14T13:57:53","slug":"the-new-release-of-doing-economics","status":"publish","type":"post","link":"https:\/\/www.ts3medya.com\/the-new-release-of-doing-economics\/","title":{"rendered":"The new release of Doing Economics"},"content":{"rendered":"

Click on our Doing Economics projects today and you will find that they have been revised and expanded, as part of our continuing commitment to helping students, whether they are studying economics or not, develop the data-handling skills that will be important both to their job prospects and for society.\n

Lord O’Donnell, former Cabinet Secretary, and now chair of Frontier Economics, tells us that he supports our ambition. “The key to making good decisions is to have good data, analysed well,” he says about about our Doing Economics projects, “Developing data-handling skills is vital for jobs in both the public and private sectors.”\n

So what are we doing to help develop those skills?\n

New: Google Sheets support\n

The spreadsheet version of our original projects was designed for Excel users, and of course we are still supporting Excel. But some teachers told us they would like to take advantage of the superior collaboration potential in Google Sheets, so that teams of students, or students and teachers, could work simultaneously on one project. So now we are supporting Google Sheets too.\n

If you haven’t used Google’s apps, you might be surprised to find how seamlessly they support collaborative editing: this might be an asset if you want to work on the projects in tutorials and workshops, or if your students are not all in the same location.\n

New: Yes to p-values, no to “statistical significance”\n

We’ve changed the way we discuss statistical inference, p-values and confidence intervals. The debate over the arbitrary 5% cutoff that is considered “significant” has been rumbling on for many years, but it was given fresh impetus in Nature last year with an editorial titled, “It\u2019s time to talk about ditching statistical significance”. This was in response to an article by Valentin Amrhein, Sander Greenland, and Blake McShane (backed by more than 800 signatories) that criticises the pervasive reliance on using p-values in this way (see “Scientists rise up against statistical significance”).\n

Section 2.3, particularly the “Find out more” box, is an example of how we discuss p-values now. In short: instead of asking students, “Is the difference in means statistically significant?”, we encourage students to ask themselves, “What do the p-values tell us about the difference in means?”\n

If the commitment not to put little stars next to empirical results fills you with dread, watch this explanation by Margaret Stevens, of Core Economics website’s steering group, about why we made the change. She gave this presentation during the Doing Economics session of Core Economics website’s 2019 teaching and learning workshop. The discussion of p-values and significance starts at 6:38, but if you are interested in using Doing Economics in your course, the whole session is worth a watch.\n