Principles of Neoliberalism Informing the Teaching of Undergraduate Economics: Lecturers’ Perspective

Conference: The IAFOR Conference on Educational Research & Innovation (ERI2022)
Title: Principles of Neoliberalism Informing the Teaching of Undergraduate Economics: Lecturers’ Perspective
Stream: Instructional Design and Learning Sciences
Presentation Type: Live-Stream Presentation
Authors:
Beatrice Ngulube, Tshwane University of Technology, South Africa

Abstract:

Several researchers agree on the notion that neoliberalism is shaping the world today because of its emphasis on transferable and flexible skills on economics curriculum as well as other curricula. Some scholars contend that there is a strong connectivity between neoliberal discourse and economics. Therefore, it is fundamental to investigate if economics lecturers subscribe to neoliberal principles. The study utilised a qualitative research method using focus group interviews. Data analysis revealed that neoliberal principles are informing the teaching of economics from the viewpoint of the interviewed economics lecturers. Another finding was that neoliberalism has good principles; therefore, people should not criticise neoliberal principles because the real danger to society is inequality. It is recommended that further research should focus on how to generate economic growth without widening the gap between the rich and the poor. Inequality is the defining economic challenge faced by many societies. Therefore, narrowing the inequality gap should be any nation’s fiscal policy priority.



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