Approaches to Intermediate Microeconomics

While there is a standard Walrasian approach to teaching intermediate microeconomics, there is no such template for instructors that want to go beyond this conventional framework. This paper’s purpose is to assist instructors with developing intermediate microeconomics courses that go beyond the Walrasian model, reflect the real world, incorporate advances in economics research, and are pedagogically inclusive. First, we develop a taxonomy of existing approaches to help instructors identify which approach best fits their intellectual and teaching philosophy. Next, we offer two detailed and vetted course design examples within this taxonomy. We then summarize the textbooks, topics, and assignments typically used in courses that cover more than the conventional Walrasian model.