IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

General Equilibrium Models: Improving the Microeconomics Classroom

  • Walter Nicholson
  • Frank Westhoff
Registered author(s):

    General equilibrium models now play important roles in many fields of economics including tax policy, environmental regulation, international trade, and economic development. The intermediate microeconomics classroom has not kept pace with these trends, however. Microeconomics textbooks primarily focus on the insights that can be drawn from the Edgeworth box diagram for exchange. This treatment leaves students unprepared for understanding much of the policy-related literature they encounter. The lack of attention can be explained: The technical analytics required to mathematically analyze general equilibrium models overwhelm all but a handful of undergraduates. We offer an alternative approach that overcomes this obstacle by providing Web-based general equilibrium simulations. The simulation approach circumvents the complex mathematics so that undergraduates can master the most important lessons of general equilibrium models.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal The Journal of Economic Education.

    Volume (Year): 40 (2009)
    Issue (Month): 3 (July)
    Pages: 297-314

    in new window

    Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:297-314
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:297-314. 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: (Michael McNulty)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.