> >Judging from the market for texts, I am probably alone in believing that >most micro texts have it wrong. At the principles level we do not need to >be producing students who have a tenuous understanding of what Ph.D. >economics students learn. Instead, we should be teaching students how to >think like economists. Opportunity cost, gains from trade, how markets >work, substitution possiblities in consumption and increasing opportunity >cost in production, efficiency, market power and lack thereof, market >failure etc. (The intermediate level is a whole different story.) It would be hard to teach high school students to think like economists since there is a time constraint. A year's course in economics can give you the basics but it not transform them to homo economicus-es.
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