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The Economic Principles of my Cancer Treatment: How to Use Medical Experiences to Teach Economics

17 Pages Posted: 3 Nov 2008  

Joab Corey

Florida State University - Department of Economics

Date Written: April 21, 2008

Abstract

This paper uses specific examples from my cancer treatment to illuminate multiple concepts that are typically covered in economic principles classes. Economics is a method of thinking that reveals itself in all aspects of life and a good economics instructor should be able to recognize and adapt these economic concepts in even his or her most severe life experiences. The real events of my treatment serve to illustrate and further clarify basic economic concepts such as inelasticity, cost-benefit analysis, bundling, the concept of a second best world, and marginal decision making. This paper illustrates how an economics instructor can use personal medical examples to make the course material salient to students while bolstering their confidence in the economic way of thinking.

JEL Classification: A22

Suggested Citation

Corey, Joab, The Economic Principles of my Cancer Treatment: How to Use Medical Experiences to Teach Economics (April 21, 2008). Available at SSRN: https://ssrn.com/abstract=1292897 or http://dx.doi.org/10.2139/ssrn.1292897

Joab Corey (Contact Author)

Florida State University - Department of Economics ( email )

Tallahassee, FL 30306-2180
United States

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