General Equilibrium

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Teaching General Equilibrium to Undergraduates: A Graphical Approach, Stephen D. Morris, Department of Economics, University of California, San Diego

  • Teaching (and learning) general equilibrium concepts such as aggregate supply / aggregate demand, is notoriously difficult. In this paper I have presented research-based suggestions for improving how it is done. Specifically, the RBG model [developed in this paper] seems to be a promising tool not only for assisting students not only in conceptualizing general equilibrium, but in addressing their own preconceptions and forming and monitoring learning goals.