The concept of elasticity and strategies for teaching it in introductory courses of economics
This article presents a geometric and algebraical approach to teach the concept of elasticity for undergraduate students with different levels of knowledge in mathematics and pointing out why it is necessary to introduce it from the idea of he slope of a function. To achieve this objective a short r...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad de Medellín
- Repositorio:
- Repositorio UDEM
- Idioma:
- spa
- OAI Identifier:
- oai:repository.udem.edu.co:11407/5594
- Acceso en línea:
- http://hdl.handle.net/11407/5594
https://doi.org/10.22395/seec.v22n51a7
- Palabra clave:
- Elasticity of demand
Elasticity of supply
Undergraduate teaching
Elasticidade da procura
Elasticidade da oferta
Pedagogia de cursos de graduação
Elasticity of demand
Elasticity of supply
Undergraduate teaching
- Rights
- License
- http://creativecommons.org/licenses/by-nc/4.0
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| dc.title.eng.fl_str_mv |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| dc.title.por.fl_str_mv |
O conceito de elasticidade e as estratégias para ensiná-lo nas disciplinas básicas da área de economia |
| dc.title.spa.fl_str_mv |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| title |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| spellingShingle |
The concept of elasticity and strategies for teaching it in introductory courses of economics Elasticity of demand Elasticity of supply Undergraduate teaching Elasticidade da procura Elasticidade da oferta Pedagogia de cursos de graduação Elasticity of demand Elasticity of supply Undergraduate teaching |
| title_short |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| title_full |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| title_fullStr |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| title_full_unstemmed |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| title_sort |
The concept of elasticity and strategies for teaching it in introductory courses of economics |
| dc.subject.eng.fl_str_mv |
Elasticity of demand Elasticity of supply Undergraduate teaching |
| topic |
Elasticity of demand Elasticity of supply Undergraduate teaching Elasticidade da procura Elasticidade da oferta Pedagogia de cursos de graduação Elasticity of demand Elasticity of supply Undergraduate teaching |
| dc.subject.por.fl_str_mv |
Elasticidade da procura Elasticidade da oferta Pedagogia de cursos de graduação |
| dc.subject.spa.fl_str_mv |
Elasticity of demand Elasticity of supply Undergraduate teaching |
| description |
This article presents a geometric and algebraical approach to teach the concept of elasticity for undergraduate students with different levels of knowledge in mathematics and pointing out why it is necessary to introduce it from the idea of he slope of a function. To achieve this objective a short review of the literature of the main properties associated with elasticity is carried out, without separating them from their historical development, to illustrate a way of presenting the concept in a discrete or continuous way and using geometric arguments or algebraic expressions. Due to the flexibility of the concept, and taking into account the previous knowledge of the student, it is concluded that this approach is a more adequate way to teach the concept. |
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2019 |
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2019-12-05T15:56:56Z |
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2019-12-05T15:56:56Z |
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2019-11-06 |
| dc.date.issued.none.fl_str_mv |
2019-11-06 |
| dc.date.none.fl_str_mv |
2019-04-01 |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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1692-2530 |
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http://hdl.handle.net/11407/5594 |
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https://doi.org/10.22395/seec.v22n51a7 |
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2248-4078 |
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reponame:Repositorio Institucional Universidad de Medellín |
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instname:Universidad de Medellín |
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1692-2530 2248-4078 reponame:Repositorio Institucional Universidad de Medellín instname:Universidad de Medellín |
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http://hdl.handle.net/11407/5594 https://doi.org/10.22395/seec.v22n51a7 |
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spa |
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spa |
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https://revistas.udem.edu.co/index.php/economico/article/view/2961 |
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Semestre Económico |
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Semestre Económico Universidad de Medellín Vol. 22 Núm. 51 (2019) |
| dc.relation.haspart.none.fl_str_mv |
Semestre Económico; Vol. 22 Núm. 51 abril-junio 2019 |
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22 |
| dc.relation.citationissue.none.fl_str_mv |
51 |
| dc.relation.citationstartpage.none.fl_str_mv |
149 167 |
| dc.relation.citationendpage.none.fl_str_mv |
p. 149-167 |
| dc.relation.references.none.fl_str_mv |
Allen, Roy George Douglas (1938). Mathematical Analysis For Economists London: Macmillan & Co. Ltd. Allen, Roy George Douglas and Lerner, Abba Ptachya (1934). The Concept of Arc Elasticity of Demand. In: The Review of Economic Studies, Vol. 1, No. 3, p. 226-230. DOI: 10.2307/2967486. Becker, Gary (2007). Economic Theory. New York: Transaction Publishers. Cournot, Augustin (1897). Researches into the mathematical principles of the theory of wealth. London: Macmillan and Co. Gallego-Diaz, José (1944). A Note on the Arc Elasticity of Demand.. In: The Review of Economic Studies, Vol. 12, No. 2, p. 114-115. DOI: 10.2307/2296096. Huang, Jian; Leng, Mingming and Parlar, Mahmut (2013). Demand Functions in Decision Modeling: A Comprehensive Survey and Research Directions. In: Decision Sciences, Vol. 44, No. 3, p. 557-609. DOI: 10.1111/deci.12021.Marshall, Alfred (1890). Principles of Economics. New York: Macmillan and Co. Mishan, Erza (1958). A Single Geometric Measure for Elasticity of Demand and Supply. In: The Review of Economic Studies, Vol. 26, No. 1, p. 63-65. DOI: 10.2307/2295858. Newman, Peter (2008). Elasticity. The New Palgrave Dictionary of Economics. London: Palgrave Macmillan. Nievergelt, Yves (1983). The Concept of Elasticity in Economics. SIAM Review, Vol. 25, No. 2, p. 261-265. Tornqvist, Leo; Vartia, Pentti and Vartia, Yrjo (1985). How Should Relative Changes Be Measured? In: The American Statistician, Vol. 39, No. 1, p. 43-46. DOI: 10.2307/2683905. Vartia, Pentti (1977). A Note on the Calculation of Arc-Elasticities. In: The Scandinavian Journal of Economics, Vol. 79, No. 4, p. 485-487. DOI: 10.2307/3439706. Vázquez, Andrés (1998). An alternative definition of the arc elasticity of demand. In: Journal of Economic Studies, Vol. 25, No. 6, p. 553-562. DOI: 10.1108/01443589810233892. |
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Facultad de Derecho |
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Universidad de Medellín |
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2019-04-012019-12-05T15:56:56Z2019-12-05T15:56:56Z2019-11-062019-11-061692-2530http://hdl.handle.net/11407/5594https://doi.org/10.22395/seec.v22n51a72248-4078reponame:Repositorio Institucional Universidad de Medellíninstname:Universidad de MedellínThis article presents a geometric and algebraical approach to teach the concept of elasticity for undergraduate students with different levels of knowledge in mathematics and pointing out why it is necessary to introduce it from the idea of he slope of a function. To achieve this objective a short review of the literature of the main properties associated with elasticity is carried out, without separating them from their historical development, to illustrate a way of presenting the concept in a discrete or continuous way and using geometric arguments or algebraic expressions. Due to the flexibility of the concept, and taking into account the previous knowledge of the student, it is concluded that this approach is a more adequate way to teach the concept.Este artigo apresenta uma abordagem algébrica e geométrica para ensinar o conceito de elasticidade a estudantes de graduação com diferentes níveis de conhecimento de matemática e aponta por que é necessário apresentá-lo a partir da ideia da pendente de uma função. Para atingir esse objetivo, foi feita uma revisão breve da literatura das principais propriedades associadas à elasticidade, sem separar estas do seu desenvolvimento histórico, para ilustrar a maneira de apresentar o conceito de uma forma discreta ou contínua, e usando argumentos geométricos ou expressões algébricas. Dada a flexibilidade do conceito e considerando o conhecimento prévio do estudante, concluiu-se que essa abordagem é mais adequada para ensinar o conceito.This article presents a geometric and algebraical approach to teach the concept of elasticity for undergraduate students with different levels of knowledge in mathematics and pointing out why it is necessary to introduce it from the idea of he slope of a function. To achieve this objective a short review of the literature of the main properties associated with elasticity is carried out, without separating them from their historical development, to illustrate a way of presenting the concept in a discrete or continuous way and using geometric arguments or algebraic expressions. Due to the flexibility of the concept, and taking into account the previous knowledge of the student, it is concluded that this approach is a more adequate way to teach the concept.application/pdfPDFElectrónicospaUniversidad de MedellínFacultad de Derechohttps://revistas.udem.edu.co/index.php/economico/article/view/2961Semestre EconómicoSemestre Económico Universidad de Medellín Vol. 22 Núm. 51 (2019)Semestre Económico; Vol. 22 Núm. 51 abril-junio 20192251149167p. 149-167Allen, Roy George Douglas (1938). Mathematical Analysis For Economists London: Macmillan & Co. Ltd.Allen, Roy George Douglas and Lerner, Abba Ptachya (1934). The Concept of Arc Elasticity of Demand. In: The Review of Economic Studies, Vol. 1, No. 3, p. 226-230. DOI: 10.2307/2967486.Becker, Gary (2007). Economic Theory. New York: Transaction Publishers.Cournot, Augustin (1897). Researches into the mathematical principles of the theory of wealth. London: Macmillan and Co.Gallego-Diaz, José (1944). A Note on the Arc Elasticity of Demand.. In: The Review of Economic Studies, Vol. 12, No. 2, p. 114-115. DOI: 10.2307/2296096.Huang, Jian; Leng, Mingming and Parlar, Mahmut (2013). Demand Functions in Decision Modeling: A Comprehensive Survey and Research Directions. In: Decision Sciences, Vol. 44, No. 3, p. 557-609. DOI: 10.1111/deci.12021.Marshall, Alfred (1890). Principles of Economics. New York: Macmillan and Co.Mishan, Erza (1958). A Single Geometric Measure for Elasticity of Demand and Supply. In: The Review of Economic Studies, Vol. 26, No. 1, p. 63-65. DOI: 10.2307/2295858.Newman, Peter (2008). Elasticity. The New Palgrave Dictionary of Economics. London: Palgrave Macmillan.Nievergelt, Yves (1983). The Concept of Elasticity in Economics. SIAM Review, Vol. 25, No. 2, p. 261-265.Tornqvist, Leo; Vartia, Pentti and Vartia, Yrjo (1985). How Should Relative Changes Be Measured? In: The American Statistician, Vol. 39, No. 1, p. 43-46. DOI: 10.2307/2683905.Vartia, Pentti (1977). A Note on the Calculation of Arc-Elasticities. In: The Scandinavian Journal of Economics, Vol. 79, No. 4, p. 485-487. DOI: 10.2307/3439706.Vázquez, Andrés (1998). An alternative definition of the arc elasticity of demand. In: Journal of Economic Studies, Vol. 25, No. 6, p. 553-562. DOI: 10.1108/01443589810233892.http://creativecommons.org/licenses/by-nc/4.0http://purl.org/coar/access_right/c_abf2Semestre Económico; Vol. 22 Núm. 51 (2019): Abril-Junio; 149-167Elasticity of demandElasticity of supplyUndergraduate teachingElasticidade da procuraElasticidade da ofertaPedagogia de cursos de graduaçãoElasticity of demandElasticity of supplyUndergraduate teachingThe concept of elasticity and strategies for teaching it in introductory courses of economicsO conceito de elasticidade e as estratégias para ensiná-lo nas disciplinas básicas da área de economiaThe concept of elasticity and strategies for teaching it in introductory courses of economicsComunidad Universidad de MedellínLat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degreesLong: 075 36 00 W degrees minutes Long: -75.6000 decimal degreesMedellínGómez López, Luis Francisco; Universidad Militar Nueva Granadainfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_2df8fbb1Gómez López, Luis FranciscoLICENSElicense.txttext/plain1165http://repository.udem.edu.co/bitstream/11407/5594/1/license.txt12a2cf2979d6555fb1b620ab38ba657eMD51ORIGINALSemestre_economico_386.pdfapplication/pdf630137http://repository.udem.edu.co/bitstream/11407/5594/2/Semestre_economico_386.pdf341accafe6f775cfcde1c0728de40d98MD52THUMBNAILSemestre_economico_386.pdf.jpgSemestre_economico_386.pdf.jpgIM Thumbnailimage/jpeg7063http://repository.udem.edu.co/bitstream/11407/5594/3/Semestre_economico_386.pdf.jpgd26dcc233cdbdee749d67b1d328080fcMD5311407/5594oai:repository.udem.edu.co:11407/55942020-05-27 18:32:54.976Repositorio Institucional Universidad de Medellinrepositorio@udem.edu.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 |