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Ep475 - Robert Frank | The Economic Naturalist

Talks at Google

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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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