This paper surveys lessons from psychology and behavioural economics that could readily be incorporated into the economics classroom to provide a pluralistic approach to teaching welfare economics and enhance the ability of economics graduates to make contributions to policy analysis. It focuses...

This discussion, with a true pioneer of pluralist economics teaching, examines a particular strategy for achieving reform that has been adopted at Sydney University. It is a strategy that may have wide applicability for the reform of economics. The strategy is shown to have two features....

Recent studies find that business school students would benefit from a further integration of traditional disciplines with the liberal arts. This paper outlines a suggested approach for accomplishing this in a finance capstone course, and reports the results from student assessments. The...

This paper surveys the teaching of pluralist economics in Australian universities with a particular focus on explaining growth and decline. The paper also presents the results of a survey of staff teaching pluralist economics to assess their background and views on the state of economics...

The invisible hand metaphor dates to the 18th century but only gained prominence after neoclassical analysis came to dominate economic thinking late 19th century. Neoclassical economists rigorously established the assumptions necessary for an economy to operate in accordance with the metaphor,...

This paper aims to quantify the effectiveness of teaching economics with video exemplars, mainly the US TV show The Simpsons. We regress students' exam scores on their performance on Simpsons and non-Simpsons pop quizzes. After controlling for students' quality difference and exam content, our...

Even though price indexes are one of the great inventions of economics, the theory of index numbers and its applications are ignored by the average economist. While in contrast, the theory of economic index numbers has attracted some of the best minds over the years. Therefore, it seems that in...

In a matching model of the academic labour market, with outside and inside workers, this paper shows that outsiders are harmed by the insiders. This is due on two types of search frictions: information and cooptation. Each frictions reduce the probability to get an academic job for outsiders...

The purpose of this research is to examine students' understanding and interest about economics. We furthermore explore the impact of students' family and school contexts, and their individual characteristics, on their understanding of economic issues. The data is based on a questionnaire...

This paper provides a Keynesian model that is closer to the key ideas of The General Theory compared to contemporary models, which are very limited versions of The General Theory that ignore true uncertainty and 'views about the future', which have significant implication for the determination...