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Mea Culpa, Economica: Perkembangan Konsep dan Pengajaran Ilmu Ekonomi Pasca Krisis Ekonomi Global 2008
[Mea Culpa, Economica: Development of Concept and Teaching of Economics Post-Crisis 2008]

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  • Sanjaya, Muhammad Ryan

Abstract

The latest 2008 crisis has become a "proof" that the mainstream economics cannot avoid, or even predict, the economic meltdown. The teaching of conventional economics that tend to be homogenous and dominated by the new neoclassical synthesis is thought to be failed in predicting human behavior. This is because the mainstream teaching and research in economics has become too mechanistic and simplify the complexity of the real life. However, in the last three decades there has been various contribution from other disciplines, especially from psychology, on economic science that formed a new branch of economics called behavioral economics. Finally, the use of laboratory experiments can be utilized to teach some basic concepts in economics and to observe whether human's behavior is as predicted by economic theories.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 51411.

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Date of creation: 12 Nov 2013
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Handle: RePEc:pra:mprapa:51411

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Keywords: economic teaching; crisis; behavioral economics;

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