Mea Culpa, Economica: Perkembangan Konsep dan Pengajaran Ilmu Ekonomi Pasca Krisis Ekonomi Global 2008

Mea Culpa, Economica: Development of Concept and Teaching of Economics Post-Crisis 2008

Muhammad Ryan Sanjaya

MPRA Paper from University Library of Munich, Germany

Abstract: The latest 2008 crisis has become a "proof" that the mainstream economics cannot avoid, or even predict, the economic meltdown. The teaching of conventional economics that tend to be homogenous and dominated by the new neoclassical synthesis is thought to be failed in predicting human behavior. This is because the mainstream teaching and research in economics has become too mechanistic and simplify the complexity of the real life. However, in the last three decades there has been various contribution from other disciplines, especially from psychology, on economic science that formed a new branch of economics called behavioral economics. Finally, the use of laboratory experiments can be utilized to teach some basic concepts in economics and to observe whether human's behavior is as predicted by economic theories.

Keywords: economic teaching; crisis; behavioral economics (search for similar items in EconPapers)
JEL-codes: A12 A22 A23 B40 (search for similar items in EconPapers)
Date: 2013-11-12
New Economics Papers: this item is included in nep-hpe
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