Overemphasis on Perfectly Competitive Markets in Microeconomics Principles Textbooks

Autor/inn/en	Hill, Roderick; Myatt, Anthony
Titel	Overemphasis on Perfectly Competitive Markets in Microeconomics Principles Textbooks
Quelle	In: Journal of Economic Education, 38 (2007) 1, S.58-77 (20 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
Schlagwörter	Textbooks; Microeconomics; Competition; Economics Education; Models; Introductory Courses; Higher Education + Suchen Sie Ihr Suchwort? Textbook; Text book; Schulbuch; Lehrbuch; Mikroökonomie; Wettkampf; Wirtschaftskunde; Analogiemodell; Einführungskurs; Hochschulbildung; Hochschulsystem; Hochschulwesen
Abstract	Microeconomic principles courses focus on perfectly competitive markets far more than other market structures. The authors examine five possible reasons for this but find none of them sufficiently compelling. They conclude that textbook authors should place more emphasis on how economists select appropriate models and test models' predictions against the empirical evidence. This requires a more even treatment of market structures and less emphasis on perfect competition. Greater emphasis on imperfect competition would also allow textbook authors to address the neglected topic of dynamic efficiency. Principles Textbooks Surveyed are appended. (Contains 1 table and 24 endnotes.) (Author).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10