Teaching Managerial Economics with Problems Instead of Models
Vanderbilt University - Strategy and Business Economics
James C. Ward
Vanderbilt University - Owen Graduate School of Management
April 5, 2011
THE INTERNATIONAL HANDBOOK ON TEACHING AND LEARNING IN ECONOMICS, Gail Hoyt, KimMarie McGoldrick, eds., Edward Elgar Publishing, 2012
In this chapter, we address the problems of teaching microeconomic principles to business students. We describe the peculiar features of student demand that make teaching economics using a model-based pedagogy unsuccessful. We conclude that a problem-solving pedagogy is a better way to satisfy student demand for business education.
Number of Pages in PDF File: 17
Keywords: Managerial Economics, Business Education, Problem-Solving Pedagogy, Microeconomic Principles
JEL Classification: A22, A23Accepted Paper Series
Date posted: April 9, 2011 ; Last revised: November 20, 2012
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