Teaching Economics With Analogies — Practical Examples

Monopoly and Monopsony Power in a Market for Mud (Scahill)
May 29, 2020
The Candy Price Index and the Gumball Domestic Product (Ruediger & Batova)
May 29, 2020

According to Merriam-Webster Dictionary, an analogy is “a comparison of two otherwise unlike things based on resemblance of a particular aspect.” This paper presents practical examples of teaching economics with analogies that students can easily relate to in their daily life.

Iris Franz