ERIC Number: EJ549875
Record Type: CIJE
Publication Date: 1997
Conditions for the Existence of Market Equilibrium.
Bryant, William D. A.
Journal of Economic Education, v28 n3 p230-54 Sum 1997
Maintains that most graduate-level economics textbooks rarely mention the need for consumers to be above their minimum wealth position as a condition for market equilibrium. Argues that this omission leaves students with a mistaken sense about the range of circumstances under which market equilibria can exist. (MJP)
Descriptors: Business Cycles, Consumer Economics, Conventional Instruction, Economic Climate, Economic Factors, Economic Impact, Economics, Economics Education, Free Enterprise System, Fundamental Concepts, Higher Education, Misconceptions, Purchasing, Social Behavior, Social Theories, Supply and Demand, Textbook Content, Textbooks
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: Practitioners; Researchers; Teachers
Authoring Institution: N/A