Dear prospective student, please spend some time reading through this article before making a decision to sign up. The class, Narrative Economics, is very short and focuses on an easy concept: We must incorporate the influence of narratives into our economic theories. Narratives can be thought of as narratives that influence the public's beliefs, which affect our decisions. Knowing how people came to certain choices in the past could help in our comprehension of economic system present and help us make better predictions for the coming years. Popular culture has a significant impact on the answers we get to questions like how much to invest and how much to invest or save, if you should go to school or get an upcoming job and many other. The study is based on the spread of popular stories that influence the way we think about economics. I believe that incorporating these concepts into our studies must be carried out to enhance our capacity to anticipate and plan for economic developments and also aid in the development of economic institutions and policies. If we don't integrate it into our processes for analysis as well as forecasting, we are unable to see an extremely real, tangible, and vital process of economic transformation. Even in the age of the Internet as well as artificial intelligence as long as humans remain in charge, the human stories are going to be important. Perhaps they will be particularly important because the latest technology takes advantage of human weaknesses and opens up new avenues for narrative contagion. If we don't understand the apex of popular stories and the impact of these on the changes that are occurring in the economy and changes in the way we conduct business. The course is divided into four parts Part I explains the fundamental concepts and shows how popular stories evolve in time to influence economic outcomes, such as recessions, depressions, and inequality and also provide effective motivation as well as growth.. The stories are viewed through a variety of sources, including media, politics and even popular music. Part II aims to determine the reason why certain stories become viral and others are forgotten by defining the narrative theories more clearly. This module examines and outlines seven ideas to aid in the discipline of narratives about economics. Part III focuses on nine enduring stories that have proven that they can influence major economic decisions. These include stories about artificial intelligence, bubbles in the stock market and job security. Part IV is a look into the future and outlines the potential for convergence in narrative Economics. We discuss the direction that narratives are taking at the moment and what future research can help us gain a better understanding of these concepts. This course is merely the first steps of a fresh concept and some ideas on how it can be utilized by economists and financial professionals. The style isn't strict or authoritative, like may be the tone of my Coursera class, Financial Markets, is in some places. It is the start of the process (epidemic). This is my method of releasing this "germ" that is this notion to the wider group of professionals, but all those curious about the reasons for why certain things become "important" for our society. I am hoping that there are some who will be affected by this notion and mutate it, then spread it and further develop the idea. The first step is the easiest part. The real challenge lies when we take these ideas up to a higher level. We have the means to integrate narratives into our studies and also our moral responsibility to take action; however, the work to do remains. - Robert J. Shiller
