Proceedings of the New York State Economics Association


Do College Textbooks Cover All Categories Of Market Failure?

L. Chudi Ikwueze

vol. 5, October 2012, p. 72-81


The 2007 financial crisis, which began in the United States, has brought with it an increased interest among students in the topic of market failure. Although professors have responded by allocating extra time to teaching the subject, assigning textbooks with adequate information can be an effective pedagogical tool too. Thus this paper reviews the content of college textbooks focusing on market failure. The author surveys an undergraduate economic program, identifies four courses, including introductory microeconomics, international economics, money and banking, and finance, and then reviews selected textbooks on the four courses. This paper presents the review findings and some suggestions.


suggested citation:

L. Chudi Ikwueze. "Do College Textbooks Cover All Categories Of Market Failure?." Proceedings of the New York State Economics Association. vol. 5, October 2012, p. 72-81

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