Rejuvenating Allen's Arc with the Geometric Mean.

Phillips, William A.

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Peer reviewed

ERIC Number: EJ498323

Record Type: Journal

Publication Date: 1994

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

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Rejuvenating Allen's Arc with the Geometric Mean.

Phillips, William A.

Journal of Economic Education, v25 n4 p309-23 Fall 1994

Contends that, despite ongoing criticism, Allen's arc elasticity formula remains entrenched in the microeconomics principles curriculum. Reviews the evolution and continuing scrutiny of the formula. Argues that the use of the geometric mean offers pedagogical advantages over the traditional arithmetic mean approach. (CFR)

Descriptors: Classroom Techniques, Cost Indexes, Curriculum Design, Economic Factors, Economics, Economics Education, Graphs, Higher Education, Microeconomics, Secondary Education, Teaching Methods, Visual Aids

Publication Type: Guides - Classroom - Teacher; Reports - Descriptive; Journal Articles

Education Level: N/A

Audience: Teachers; Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A