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The Textbook Treatment of Net Exports: Will the Uninformed Reader Understand?

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  • Scott Wolla

    (Federal Reserve Bank of St. Louis)

Abstract

The gross domestic product (GDP) expenditures approach is an effective way to address the components of GDP. However, when it comes to net exports, textbooks often ...

Suggested Citation

  • Scott Wolla, 2018. "The Textbook Treatment of Net Exports: Will the Uninformed Reader Understand?," Journal of Economics Teaching, Journal of Economics Teaching, vol. 3(2), pages 232-253, December.
  • Handle: RePEc:jtc:journl:v:3:y:2018:i:2:p:232-253
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    References listed on IDEAS

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    1. Terry L. Olson, 1997. "Construction of Consumption Possibility Frontiers in Principles Textbooks," The Journal of Economic Education, Taylor & Francis Journals, vol. 28(1), pages 76-81, March.
    2. David Colander, 2004. "On the Treatment of Fixed and Sunk Costs in the Principles Textbooks," The Journal of Economic Education, Taylor & Francis Journals, vol. 35(4), pages 360-364, October.
    3. Veronika Dolar, 2013. "The treatment of minimum wage in undergraduate economics textbooks revisited," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 4(2), pages 157-182.
    4. William B. Walstad, 2001. "Economic Education in U.S. High Schools," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 195-210, Summer.
    5. Peter-Wim Zuidhof, 2014. "Thinking Like an Economist: The Neoliberal Politics of the Economics Textbook," Review of Social Economy, Taylor & Francis Journals, vol. 72(2), pages 157-185, June.
    6. Hugo Eyzaguirre & Tawni Hunt Ferrarini & J. Brian O’Roark, 2014. "Textbook Confessions: Government Failure," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Fall 2014), pages 159-175.
    7. Christopher Coyne & David S. Lucas, 2016. "Economists Have No Defense: A Critical Review of National Defense in Economics Textbooks," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Winter 20), pages 65-83.
    8. Mark Holmgren, 2017. "From Continuous to Discrete: An Alternative Approach to Teaching Consumer Choice," Journal of Economics Teaching, Journal of Economics Teaching, vol. 2(1), pages 1-13, June.
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    Cited by:

    1. Jane E. Ihrig & Scott A. Wolla, 2020. "Let's Close the Gap: Revising Teaching Materials to Reflect How the Federal Reserve Implements Monetary Policy," Finance and Economics Discussion Series 2020-092, Board of Governors of the Federal Reserve System (U.S.).

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    More about this item

    Keywords

    k-12; principles; GDP; net exports;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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