Teaching cournot without derivatives

Research output: Contribution to journalArticle

2 Scopus citations

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 languageEnglish (US)
Pages (from-to)36-40
Number of pages5
JournalJournal of Economic Education
Volume32
Issue number1
DOIs
StatePublished - Jan 1 2001
Externally publishedYes

Keywords

  • Cournot model
  • Derivatives
  • First-year students
  • Rectangle method
  • Teaching

ASJC Scopus subject areas

  • Education
  • Economics and Econometrics

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