The Idea (continued)The pedagogical design
All three parts of the course follow the same pedagogical logic; initially, the problems are treated theoretically, then follows an oral discussion of one of the key exercises with detailed comments on how to solve and analyse a specific problem. When you have studied a certain section of the textbook and listened to the comments on the audio cassettes belonging to this section it is time for a practical application of your knowledge on one or more exercises. Finally, after each exercise you are given an opportunity to verify if your solution is correct.
By consequently observing the work cycle "read -
As should be immediately realised from what has been said above the training should not be considered complete merely with reading the textbook. With that it has, in fact, only started. Not until you completely master and are able to use the newly acquired knowledge yourself should training be considered completed. It is application, the concrete use of knowledge, which gives skill, competence, and understanding. The contents of the course will then be an integrated part of your self and your views on reality will change and develop.
Detailed knowledge of business economics is no doubt necessary, but if basic economic reasoning has not been properly understood, it is difficult to learn the details which lead to success. A mechanical study of details without understanding basic relations generally results in an inability to correctly use the economic tools.