Analysis on Problems in “The Principles of Economics”

DOI

10.2991/aebmr.k.210210.045How to use a DOI?

Keywords

principles of economics, interest rate determination, consumer equilibrium, analysis

Abstract

“The principles of economics” is a compulsory course for college students majoring in business. The purpose of this course is to allow students to use the basic principles of economics to explain economic phenomena, guide economic practice and solve practical problems. In the teaching, it is found that the explanation of some problems in the western economics course is not clear enough and even misleading. From the perspectives of theory, common sense and real life, this paper studies and explores three questions, such as why the utility value of the unit currency itself in the cardinal utility theory is unchanged, the consumer equilibrium condition in the ordinal utility theory, the early interest rate determination theory and the later interest rate determination theory. Also, this paper makes certain corrections and supplementary explanations to teaching material, hoping to get advice from other scholars.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Cang
AU  - Fang Liu
PY  - 2021
DA  - 2021/02/21
TI  - Analysis on Problems in “The Principles of Economics”
BT  - Proceedings of the 6th International Conference on Economics, Management, Law and Education (EMLE 2020)
PB  - Atlantis Press
SP  - 285
EP  - 289
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210210.045
DO  - 10.2991/aebmr.k.210210.045
ID  - Cang2021
ER  -