Abstract
The author presents a simple technique for teaching the Cournot model to first-year students. The approach involves demonstrating to the students that out of all rectangles with a common perimeter, the square has the greatest area. No use is made of derivatives. The same approach can be used to understand some other market forms.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 36-40 |
| Number of pages | 5 |
| Journal | Journal of Economic Education |
| Volume | 32 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2001 |
Keywords
- Cournot model
- Derivatives
- First-year students
- Rectangle method
- Teaching
ASJC Scopus subject areas
- Education
- Economics and Econometrics