Teaching economics: The demand side

closed-jazz-music-2017-446x350.jpg

When the financial crisis hit in 2007-08, many economics students found themselves ill-equipped to think about what had gone wrong in the economy or how to fix it. Although researchers in top universities had studied financial panics, their work had not filtered down to the lecture theatre. Undergraduate courses focused on drier stuff, imparting a core of basic material that had not changed much for decades.

I feel like this is the case in many areas of education. I guess it only makes sense that as the world evolves and globalization becomes the norm, our educational baseline should evolve as well.