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Teaching the Principles of Economics


  • N. Gregory Mankiw

    (Harvard University)


In this brief essay, I describe my approach to the principles course. I emphasize three themes. First, in teaching microeconomics, the tools of welfare economics should play a larger role than they have in the past. Second, in teaching macroeconomics, classical ideas should play a larger role than they have in the past. Third, in teaching all parts of the course, we instructors should be sure to stress the important principles and be careful not to overwhelm students with an excess of details.

Suggested Citation

  • N. Gregory Mankiw, 1998. "Teaching the Principles of Economics," Eastern Economic Journal, Eastern Economic Association, vol. 24(4), pages 519-524, Fall.
  • Handle: RePEc:eej:eeconj:v:24:y:1998:i:4:p:519-524

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    1. Carlos Arias, David Chávez, José Rodriguez, 2011. "Análisis De La Economía Alemana En El Período 2002 – 2006," REVISTA ISOCUANTA 012296, UNIVERSIDAD SANTO TOMÁS.
    2. Cohn, Steve, 2000. "Telling Other Stories: Heterodox Critiques of Neoclassical Micro Principles Texts," Working Papers 15586, Tufts University, Global Development and Environment Institute.
    3. Mankiw, N Gregory, 2001. "The Inexorable and Mysterious Tradeoff between Inflation and Unemployment," Economic Journal, Royal Economic Society, vol. 111(471), pages 45-61, May.
    4. Erik Brynjolfsson & Michael D. Smith, 2000. "Frictionless Commerce? A Comparison of Internet and Conventional Retailers," Management Science, INFORMS, vol. 46(4), pages 563-585, April.
    5. Mark Roe, 2002. "Les rentes et leurs conséquences en matière de gouvernance des entreprises," Revue Finance Contrôle Stratégie,, vol. 5(1), pages 167-215, March.
    6. Staffan Canback, 2004. "Diseconomies of scale in large corporations: Theory and empirical analysis," Industrial Organization 0402001, University Library of Munich, Germany.
    7. Christian Weise, 2005. "Grundlagen der EU-Regionalpolitik und Ansätze zu ihrer Weiterentwicklung," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 74(1), pages 74-90.
    8. Nelson Manolo Chávez Muñoz, 2010. "Inflación y crecimiento económico: determinantes del desempleo en Colombia," REVISTA FINANZAS Y POLÍTICA ECONÓMICA, UNIVERSIDAD CATOLICA DE COLOMBIA, vol. 2(1), pages 29-52, July.
    9. Kakarot-Handtke, Egmont, 2014. "Economics for Economists," MPRA Paper 59659, University Library of Munich, Germany.
    10. Nan Wutyi SAN & Ismail ABDLATIF & Zainal Abidin bin MOHAMED, 2013. "Farm Efficiency and Socioeconomic Determinants of Rain-Fed Rice Production in Myanmar: A Non-Parametric Approach," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 3(11), pages 1401-1413, November.
    11. Mario Andrés Pinzón, 2016. "Prácticas para mejorar la regulación en Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 207-228, July-Dece.
    12. Lin, C.Y. Cynthia, 2008. "Estimating Supply and Demand in the World Oil Market," Working Papers 225893, University of California, Davis, Department of Agricultural and Resource Economics.
    13. Christopher Dixon-O’Mara & L. (Lisa B.) Ryan, 2017. "Energy efficiency in the food retail sector: Barriers, drivers, and acceptable policies," Working Papers 201716, School of Economics, University College Dublin.
    14. Bogusław Czarny, 2011. "Chaos in Basics of Economics (About Ambiguity of the Terms "Positive Economics" and "Normative Economics")," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 25.
    15. Kakarot-Handtke, Egmont, 2015. "Essentials of Constructive Heterodoxy: Profit," MPRA Paper 62694, University Library of Munich, Germany.
    16. Kakarot-Handtke, Egmont, 2014. "The Truly General Theory of Employment: How Keynes Could Have Succeeded," MPRA Paper 54367, University Library of Munich, Germany.
    17. Antonio Quesada, 2002. "Elasticity and revenue: a reappraisal," Economics Bulletin, AccessEcon, vol. 4(13), pages 1-5.

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    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate


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