Descriptor
| Course Content | 1 |
| Economics | 1 |
| Economics Education | 1 |
| Efficiency | 1 |
| Free Enterprise System | 1 |
| Government Role | 1 |
| Higher Education | 1 |
| Public Policy | 1 |
| Textbook Content | 1 |
| Textbook Evaluation | 1 |
Author
| Mrozek, Janusz R. | 1 |
Publication Type
| Journal Articles | 1 |
| Reports - Descriptive | 1 |
Education Level
Audience
Location
Laws, Policies, & Programs
Assessments and Surveys
What Works Clearinghouse Rating
Peer reviewedMrozek, Janusz R. – Journal of Economic Education, 1999
Argues for a unified consideration of how markets fail based on how an efficiency rule (marginal benefits to society equal or exceed marginal costs to society) is violated. States that repetition of the efficiency decision rule framework reinforces basic concepts and emphasizes the normative foundation underlying the analysis of market failure.…
Descriptors: Course Content, Economics, Economics Education, Efficiency
