What are the best practices for teaching microeconomics?

Critical-thinking is one of the best aspects of the study of Economics, and involving the Students is central, active-learning is a good way of facilitating this learning on a number of levels, from understanding to evaluation of topics encountered.

Theoretical concepts play a major role in understanding and application if you are to advance in terms of studying microeconomics as it forms the basis for a foundation in macroeconomics.

I am not sure about how helpful this is going to be... I read Manfred's Human scale development there he had suggested local community based activities to identify problems.

This was a game changer for me when I was an economics student and the reason why it became my favourite subject. What schools often neglect is connecting theory with real life, and economics is a great subject to do that well and in an interesting way.

The use of examples to explain certain concepts can be extremely useful. In my lectures, I normally ilustrate complex concepts using situations that can be familiar to students: for example, it is easy to relate third-degree price discrimination to discounts related to age (targeted to students). Another useful strategy is to keep examples and exercises close to the current state of events: instead of generic textbook comparative static events (such as "an improvement in technology"), an "energy shock" or a "disruption on supply chains" can be more appealing to students. Finally, the use of pieces of news or reports can be useful to illustrate certain concepts: instead of generic problems (two goods, two factors), use the story on the news.

Connecting to real-world examples, is helpful in the understanding of many fundamental microeconomic concepts. Some exploration is beneficial, as it is better for the Students to find examples that "fit" their experience, and are therefore more memorable, but the example should support the theory. COVID-19 masks illustrate excess demand, and current Students will remember how the market adjusted from a disequilibrium if given some prompts.

There is always so much happening in the world that connections to real-world examples can become central to lessons engaging students in inquiry-based learning.

?? This strategy was instrumental during my economics and policy studies, especially for learning microeconomics. Starting with UK's market basics, then layering in complexity—like analyzing the impacts of Brexit on small businesses or the price elasticity during London's housing surge. Coupled with real-world examples helps engage learners sand crystallizes concepts. ??Enhancing microeconomics learning with scaffolding is key. For example start with real world simple market structures in UK, then explore the ripple effects of the 2020 sugar tax on beverage prices & consumer choices. This gradual, real-life application deepens understanding & engagement. #EconEducation #Microeconomics #RealWorldApplication

?? I have always enjoyed studying economics using tech. It's one of those subjects where you can easily elevate learning using technology. For example, using interactive UK market simulations or data analysis software to dissect real-time effects of policy changes like the minimum wage increase has been a game changer learning economic policy, making economics tangible & engaging. ????Facilitating the use of technology to provide dynamic and current examples for microecon teaching is pivotal. Platforms like The Bank of England's #EconomyEducation offer interactive tools that simulate fiscal policy impacts. Imagine students using real-time data to analyse econ policy impacts, clarify complex concepts and prep with real time examples.

I have come to believe that teaching Economics requires a paradigm shift. Now, more than ever. The colossal narrowing of the economics curriculum that has taken place in the last couple of decades requires a fresh approach. The current methodology being employed for study of economics,not only limits the curriculum but most importantly it inhibits our ability to grapple with challenges of the present era ranging from issues like financial stability, food security, climate change and many more. This requirement to re-structure our pedagogy have become even more critical today in the times of global pandemic and the consequent economic quandary(s). By using Theatre technique - Mantle of the Expert we were successful in bringing it alive.

Since microeconomics is a study of individual behaviour, its better to start using theory as well as practical case studies together for smooth understanding of concepts. Example theory of demand is directly known by many because every individual think of reducing purchases as price of such normal goods increases. But also its exceptionally under gilfin paradox people reduce consumption of normal goods as prices reduced, e.g market for luxury goods is different from this theory as its termed under exceptional demand All this is suppossed to be taken into consideration once teaching someone. ??