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A Critique of the Threshold Concept Hypothesis and an Application in Economics

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Abstract

In exploring the learning experiences of students, some educationalists have advanced the 'threshold concept hypothesis' according to which certain concepts in various disciplines act as thresholds. Such concepts need to be mastered before further progress can be made in a discipline - they act like portals or entrances to be traversed before students can think like practitioners of that discipline. In economics, the concept of opportunity cost is often advanced as a prime example of a threshold concept. This paper subjects the threshold concept hypothesis to critical scrutiny on logical and methodological grounds, and then investigates its applicability to the economic concept of opportunity cost. The main conclusions are that the hypothesis has deep-seated conceptual problems, that it is subject to disturbingly elastic interpretation, that its claim to be an improvement over existing approaches is highly questionable, that some of its educational and social consequences are undesirable and that, in economics, the construal of opportunity cost as a threshold concept is unsustainable.

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  • Rod O'Donnell, 2010. "A Critique of the Threshold Concept Hypothesis and an Application in Economics," Working Paper Series 164, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    • Handle: RePEc:uts:wpaper:164
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    File URL: http://www.finance.uts.edu.au/research/wpapers/wp164.pdf
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    References listed on IDEAS

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    1. Ferraro Paul J & Taylor Laura O, 2005. "Do Economists Recognize an Opportunity Cost When They See One? A Dismal Performance from the Dismal Science," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-14, September.
    2. Robert H. Frank, 2002. "The Economic Naturalist: Teaching Introductory Students How to Speak Economics," American Economic Review, American Economic Association, vol. 92(2), pages 459-462, May.
    3. W. Lee Hansen & Michael K. Salemi & John J. Siegfried, 2002. "Use It or Lose It: Teaching Literacy in the Economics Principles Course," American Economic Review, American Economic Association, vol. 92(2), pages 463-472, May.
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    More about this item

    Keywords

    Threshold concepts; teaching in disciplines; opportunity cost;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • D00 - Microeconomics - - General - - - General

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