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Teaching Managerial Economics with Problems Instead of Models

THE INTERNATIONAL HANDBOOK ON TEACHING AND LEARNING IN ECONOMICS, Gail Hoyt, KimMarie McGoldrick, eds., Edward Elgar Publishing, 2012

17 Pages Posted: 9 Apr 2011 Last revised: 20 Nov 2012

Luke Froeb

Vanderbilt University - Strategy and Business Economics

James C. Ward

Vanderbilt University - Owen Graduate School of Management

Date Written: April 5, 2011

Abstract

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.

Keywords: Managerial Economics, Business Education, Problem-Solving Pedagogy, Microeconomic Principles

JEL Classification: A22, A23

Suggested Citation

Froeb, Luke and Ward, James C., Teaching Managerial Economics with Problems Instead of Models (April 5, 2011). THE INTERNATIONAL HANDBOOK ON TEACHING AND LEARNING IN ECONOMICS, Gail Hoyt, KimMarie McGoldrick, eds., Edward Elgar Publishing, 2012. Available at SSRN: https://ssrn.com/abstract=1803690

Luke M. Froeb (Contact Author)

Vanderbilt University - Strategy and Business Economics ( email )

Nashville, TN 37203
United States
615-322-9057 (Phone)
615-343-7177 (Fax)

James C. Ward

Vanderbilt University - Owen Graduate School of Management ( email )

401 21st Avenue South
Nashville, TN 37203
United States

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