Socioeconomic portraits: Leveraging the production possibilities frontier to expand coverage of inequality and economic history in principles classes

Some economists favor expanding coverage of inequality and economic history in principles classes.We argue that the production possibilities frontier (PPF) -a standard principles model --can be easily modified to promote this goal.This is shown by providing various PPF history applications.Concurrently, we introduce the concept of "distribution boxes." This analytical tool illustrates, within a PPF context, how output is distributed across groups in an economy, which facilitates inequality analyses.In turn, this tool can transform PPFs into "socioeconomic portraits" of entire economies.We outline how these portraits could expand the efficacy of "literacy-targeted" principles classes.

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Publication Details

Journal
Journal of Economics Teaching
Published
2025-01-01
DOI
https://doi.org/10.58311/jeconteach/225ae6241575d2def4264d6784ae059c5f7be5f9
Primary Topic
Education Systems and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

Socioeconomic portraits: Leveraging the production possibilities frontier to expand coverage of inequality and economic history in principles classes

Scott Milliman, John Kruggel
Journal of Economics Teaching
Education Systems and Policy
article

Socioeconomic portraits: Leveraging the production possibilities frontier to expand coverage of inequality and economic history in principles classes

Scott Milliman, John Kruggel
article en

Abstract

Some economists favor expanding coverage of inequality and economic history in principles classes.We argue that the production possibilities frontier (PPF) -a standard principles model --can be easily modified to promote this goal.This is shown by providing various PPF history applications.Concurrently, we introduce the concept of "distribution boxes." This analytical tool illustrates, within a PPF context, how output is distributed across groups in an economy, which facilitates inequality analyses.In turn, this tool can transform PPFs into "socioeconomic portraits" of entire economies.We outline how these portraits could expand the efficacy of "literacy-targeted" principles classes.

Journal of Economics Teaching
James Madison University (US)
Openalex Percentile: Top 72%
Education Systems and Policy
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