Summary Of Robert Frank On Dinner Table Economics

Russ Roberts had the author of our textbook, Robert Frank, on an EconTalk episode from two months ago. The episode was named “Robert Frank on Dinner Table Economics” and discussed everyday life economic situations. They had a similar episode about nine years ago, in 2007, and the plan was to go more in depth this time. Robert Frank is an economics professor at Cornell University and Russ Roberts is the co-founder of EconTalk and is part of Stanford’s Hoover Institution. They discuss varies economic scenarios which we have discussed in class. I only realized half way through the pod cast that Professor Peterson had directly talked about the different topics in this episode. According to Frank, studies show that six months after taking an introductory economics course, students forget the material. He also tries to argue that people who have never taken this kind of class get better scores regarding the subject than students who have. Because college students forget the material, they have zero value added at the end of the course. He continues to explain that this due to teachers throw too much at students and it makes it difficult to absorb so much. While finishing my first semester last year, I realized that I

The goal of an introductory level class is to change us to an economic way of thinking. He then asks why shouldn’t parents sue Universities for doing bad jobs teaching their kids because they leave without $40,000 worth of knowledge. A comment is made on how students are not paying for knowledge, they are paying for a piece of paper. My English professor this year said college is the only thing he can think of that customers are happy when they receive less than what they paid for. This is proven when students are happy after they find out a class session has been