Teaching and Educational Methods
Teaching Undergraduate Economics: Emphasize Early the Meaning of Vertical Distances and of Their Summation Over Quantities
Matthew G. Interis
Mississippi State University
JEL Codes: A22, D600
Keywords: Graphing, principles, teaching, welfare
Publish Date: November 30, 2022
Volume 1, Issue 1
Abstract
Many important economic concepts—for example, deadweight losses, market surplus measures, and
concepts preceded by the word “totalâ€â€”are graphically depicted as areas. Although many students can
identify areas like total surplus appropriately in simple circumstances such as when a market is in
equilibrium, many struggle to do so when the circumstances are even slightly more complex, such as
when a market is not in equilibrium. The reason may be that many students do not understand how
these areas are graphically derived. In this commentary, I discuss simple adjustments instructors can
make to emphasize the economic meaning of vertical distances and of their summation over quantities
so that students can better identify graphical representations of economic concepts even in more
complex circumstances.
References
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Arnold, Roger A. 2019. Microeconomics, 13th ed. Boston, MA: Cengage.
Bade, Robin, and Michael Parkin. 2015. Foundations of Microeconomics, 7th ed. Hoboken, NJ: Pearson Education, Inc.
Barkley, Andrew, and Paul W. Barkley. 2016. Principles of Agricultural Economics, 2nd ed. New York, NY: Routledge.
Mankiw, N. Gregory. 2015. Principles of Microeconomics, 7th ed. Stamford, CT: Cengage Learning.
Penson, John B., Jr., Oral Capps, Jr., C. Parr Rosson III, and Richard T. Woodward. 2015. Introduction to Agricultural Economics, 6th ed. Upper Saddle River, NJ: Pearson, Inc.
Articles in this issue
Job Attribute Preferences of Undergraduate Agricultural Majors—Do They Match with Careers in Grain Merchandising?
Keith D. Harris and Brian C. Briggeman
Calculating and Interpreting Percentage Changes for Economic Analysis
Matthew A. Andersen
Assessing Student Learning Using a Digital Grading Platform
Andrew W. Stevens
Enhancing the Teaching of Product Substitutes/Complements: A Pedagogical Note on Diversion Ratios
Oral Capps, Jr. and Senarath Dharmasena
Teaching Undergraduate Economics: Emphasize Early the Meaning of Vertical Distances and of Their Summation Over Quantities
Matthew G. Interis
Occupational Health and Safety Issues at Agribusiness Retailers
Erik Hanson and Michael Boland
Let's take a moment to celebrate great teaching!
James A. Sterns
Moneyball in the Academy: Whiffing on the Quality of Education?
Paul N. Wilson