Empowering students to compare ways economists think: the case of the housing bubble

I. David Wheat

International Journal of Pluralism and Economics Education, 2009, vol. 1, issue 1/2, 65-86

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.

Keywords: housing bubble; critical thinking; economic thought; feedback; mental models; theory; causal mapping; economics education; economic models; house prices. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=28966 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:1:y:2009:i:1/2:p:65-86

Access Statistics for this article

More articles in International Journal of Pluralism and Economics Education from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().