Empowering students to compare ways economists think: the case of the housing bubble
by I. David Wheat
International Journal of Pluralism and Economics Education (IJPEE), Vol. 1, No. 1/2, 2009

Abstract: Students are expected to think critically about economic processes but not about the way economists explain those processes. They are generally powerless to do the latter. This paper illustrates a causal mapping technique to enable students to translate narrative accounts of various economists' models into a common framework that facilitates comparison and promotes informed discussion. Called the feedback method, it is demonstrated with a comparison of three accounts of the recent US housing price bubble.

Online publication date: Fri, 16-Oct-2009

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