Earth-economics: A closed economy approach with real world data

Peter Bergeijk

International Review of Economics Education, 2014, vol. 15, issue C, 60-70

Abstract: This article develops the idea of using the closed economy concept to discuss our planet's economy. The article illustrates how observations at the level of planet Earth can be used while teaching relationships that are studied in a closed economy setting. It provides an overview of internet resources with world data and some practical examples that can readily be used in teaching.

Keywords: Earth economics; Closed economy; Gross planet product; Global public goods; Economic curriculum (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ireced:v:15:y:2014:i:c:p:60-70

DOI: 10.1016/j.iree.2013.08.002

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