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Cicero’s children : The worth of the history of economic thought for business students

- Millmow, Alex

  • Authors: Millmow, Alex
  • Date: 2009
  • Type: Text , Journal article
  • Relation: Economic Papers: A journal of applied economics and policy Vol. 28, no. 4 (2009), p. 355-365
  • Full Text: false
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  • Description: The Global Financial Crisis is likely to exert some impact upon the prevailing economic and political philosophy. The big question for economic and business instructors is to ponder whether it will lead to any significant changes in economic and business syllabus at Australian universities. The teaching of mainstream economics is durable and usually resistant to change. Yet the crisis has certainly caused rumblings in the teaching of first-year economics. There is certainly a great curiosity among the young about what went wrong. Moreover, they wish to know why neoliberalism has failed and why state intervention is resurgent. Young minds must be perplexed about the rapid revision of agenda from containing inflation in 2008 to coping with recession in 2009. This paper argues that an introductory course in the history of economic ideas could help tell them why.
  • Description: 2003007601

The boom we didn't really have : Australian economics degree enrolments, 1990–2007

- Millmow, Alex

  • Authors: Millmow, Alex
  • Date: 2009
  • Type: Text , Journal article
  • Relation: Economic Papers : A journal of applied economics and policy Vol. 28, no. 1 (2009), p. 56-62
  • Full Text: false
  • Reviewed:
  • Description: This paper revisits the matter of attracting students to study economics, an issue that faces every Australian university economics department. While the Australian economy has been in a boom phase for some period it has not led to a relative increase in economic degree enrolments for local universities. While some of the Go8 universities have seen a steady increase in economics degree enrolments between 1995 and 2007, the national picture, taken over a longer period, reveals that economic degree enrolments as a percentage of the overall student population is still falling. The paper concludes with the shy hope that, apart from improvement to the syllabus and teaching methodologies, the marked economic slowdown might elicit an increase in student interest in economics. The paper closes by suggesting that now might be an appropriate time for the regimen of the ideal economics degree offered by Australian universities to be re-examined.
  • Description: 2003007352
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