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The Importance of Emphasizing the Intertemporal Consumption Model in Intermediate Microeconomics

Author

Listed:
  • Stephen Norman
  • Douglas Wills

Abstract

We show that emphasizing the intertemporal consumption (IC) model in intermediate microeconomics can help connect the content to intermediate macroeconomics, econometrics, and finance. This also helps the instructor relate modern macroeconomic theory to topics discussed, typically incorrectly, in the media.

Suggested Citation

  • Stephen Norman & Douglas Wills, 2017. "The Importance of Emphasizing the Intertemporal Consumption Model in Intermediate Microeconomics," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 17(1), pages 25-29, Spring.
    • Handle: RePEc:mts:jrnlee:v:17:y:2017:i:1:p:25-29
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    File URL: http://capone.mtsu.edu/jee/2017/pp25-29MS216final.pdf
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    References listed on IDEAS

    as
    1. Stephen Norman & Jonathan Schlaudraff & Karianne White & Douglas Wills, 2013. "Deriving the Dividend Discount Model in the Intermediate Microeconomics Class," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(1), pages 58-63, March.
    2. William E. Becker, 2000. "Teaching Economics in the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 109-119, Winter.
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    More about this item

    Keywords

    Intertemporal Consumption Model; Microeconomics Teaching; Macroeconomics Teaching;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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