A Note on Teaching the Aggregate-Supply/Aggregate-Demand Model
As presented in most undergraduate economics textbooks, the aggregate supply/aggregate demand apparatus (AS-AD) is not only logically flawed, which Robert Barro recently demonstrated in this Journal, but seems ideally designed to prevent student learning by concealing the logic that lies behind the macroeconomic processes. Consequently, the AS-AD framework amounts to a form of intellectual indoctrination that relies on the authority of the textbook and instructor to gain student acceptance rather than on the power of reason. The overall effect of presenting the AS-AD model when students have no capability of understanding its internal logic is to discourage them from developing their own independent reasoning ability.
Volume (Year): 20 (1994)
Issue (Month): 4 (Fall)
|Contact details of provider:|| Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA|
Phone: (201) 684-7346
Web page: https://www.quinnipiac.edu/eea/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:20:y:1994:i:4:p:475-477. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.