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Ep475 - Robert Frank | The Economic Naturalist

Talks at Google

CHAPTER

Rethinking Economics Education

This chapter critiques the effectiveness of introductory economics courses, focusing on the concept of opportunity cost and students’ struggles to grasp it. The speaker highlights a survey that reveals poor comprehension among students and economists alike, illustrating the gap between theoretical knowledge and practical understanding. By emphasizing the role of context in economic decision-making and the principles of learning, the chapter advocates for teaching methods that prioritize genuine understanding over mere content coverage.

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