Recently added articles from The Journal of Economic Education:
The effects of remedial mathematics on the learning of economics: evidence from a natural experiment.(Research in Economic Education)(Report)
Mar 22, 2009; ... Abstract: The authors examined the effects of remedial mathematics on performance in university-level economics courses using a natural experiment. They studied exam results prior and subsequent to the implementation of a remedial mathematics course that was compulsory for a subset of ...
A sports franchise simulation game.(Economic Instruction)(Report)
Mar 22, 2009; ... Abstract: Students in sports economics courses might better learn the basic concepts by running their own franchise. A simple game, based on the card game War, is easy and inexpensive to implement. Students quickly grasp the importance of weighing marginal benefits, both in terms of team ...
A classroom experiment on exchange rate determination with purchasing power parity.(Economic Instruction)(Report)
Mar 22, 2009; ... Abstract: The authors developed a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. In the experiment, students represent citizens from different countries and need to obtain currency to purchase goods ....
What's your college degree worth? A research project for the labor economics course.(Economic Instruction)(Report)
Mar 22, 2009; ... Abstract: Calculating the expected rate of return to their own college degree and comparing it to those of students with other majors can be an interesting and fruitful project for students in a labor economics course. Data from the surveys of the National Association of Colleges and ...
Design a contract: a simple principal-agent problem as a classroom experiment.(Economic Instruction)(Report)
Mar 22, 2009; ... Abstract: The authors present a simple classroom experiment that can be used as a teaching device to introduce important concepts of organizational economics and incentive contracting. First, students take the role of a principal and design a contract that consists of a fixed payment and ...
Covering your posterior: teaching signaling games using classroom experiments.(Economic Instruction)(Report)
Mar 22, 2009; ... Abstract: The author describes a protocol for classroom experiments for courses that introduce undergraduates to signaling games. Signaling games are conceptually difficult because, when analyzing the game, students are not naturally inclined to think in probabilistic, Bayesian terms. The ...
Optimal consumption when consumption takes time.(Content Articles in Economics)
Mar 22, 2009; ... Abstract: A classic article by Gary Becket (1965) showed that when it takes time to consume, the first order conditions for optimal consumption require the marginal rate of substitution between any two goods to equal their relative full costs. These include the direct money price and the ...
The tax compliance demand curve: a diagrammatical approach to income tax evasion.(Content Articles in Economics)(Report)
Mar 22, 2009; ... Abstract: One of the most interesting results in the tax evasion literature is that an increase in the income tax rate would increase tax compliance. Despite its peculiarity, this result has gained acceptance as a cornerstone for further developments of the rational tax evasion model ....
Teaching and learning principles of microeconomics online: an empirical assessment.(Research in Economic Education)(Report)
Jan 01, 2009; ... Abstract: How do students enrolled in online courses perform relative to those who choose a more traditional classroom environment? What student characteristics help explain differences in student academic achievement in the two modes of instruction? What factors affect the students' ...
Price bubbles with discounting: a web-based classroom experiment.(Economic Instruction)(Report)
Jan 01, 2009; ... Abstract. The authors describe a Web-based classroom experiment with two assets: cash and a stock that pays a random dividend. The interest rate on cash, coupled with a well-chosen final redemption value for the stock, induces a flat trajectory for the fundamental value of the stock ....
NutrientNet: an internet-based approach to teaching market-based policy for environmental management.(Economic Instruction)(Report)
Jan 01, 2009; ... Abstract: NutrientNet is an Internet-based environment in which a class can simulate a market-based approach for improving water quality. In NutrientNet, each student receives a role as either a point source or a nonpoint source polluter, and then the participants are allowed to trade ...
Self-selection, optimal income taxation, and redistribution.(Content Articles in Economics)(Report)
Jan 01, 2009; ... Abstract: The author makes a pedagogical contribution to optimal income taxation. Using a very simple model adapted from George A. Akerlof (1978), he demonstrates a key result in the approach to public economics and welfare economics pioneered by Nobel laureate James Mirrlees. He shows how ...
Second-degree price discrimination: a graphical and mathematical approach.(Content Articles in Economics)(Report)
Jan 01, 2009; ... Abstract: The authors use a relatively simple diagram accompanied by mathematical analysis to compare two pricing strategies: price-quantity packages and a two-part tariff. This is done both from the monopolist's point of view and from the welfare point of view. The authors show that in ...
Teaching New Keynesian open economy macroeconomics at the intermediate level.(Content Articles in Economics)(Report)
Jan 01, 2009; ... Abstract: For the open economy, the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the investment and savings, liquidity preference and money supply (IS-LM) model to open economy problems. The authors present a simple New Keynesian ...
Stephen A. Marglin, The Dismal Science: How Thinking Like an Economist Undermines Community.(Book review)
Jan 01, 2009; ... STEPHEN A. MARGLIN, The Dismal Science: How Thinking Like an Economist Undermines Community. Cambridge, MA: Harvard University Press, 2008. 376 pp. In the treatise The Dismal Science: How Thinking Like an Economist Undermines Community, Stephen Marglin argues that the basic ...
Visualizing long-run average cost with an interactive excel module.(Online)(Website overview)
Jan 01, 2009; ... URL: http://www.siu.edu/~tmitch/long_run/discrete/ The distinction between the short run and the long run is so important that we introduce it to economics and business students in their first year of study and revisit the concepts throughout the undergraduate and graduate ...
Interactive economic models from the Wolfram Demonstrations Project.(Online)(Website overview)
Jan 01, 2009; ... URL: http://demonstrations.wolfram.com The Wolfram Demonstrations Project is a growing online collection of free interactive illustrations from a broad range of fields, including economics. Each demonstration is a computer model, or applet, with interactive controls that users ...
Course level and the relationship between research productivity and teaching effectiveness.(Research in Economic Education)(Erasmus School of Economics)(Report)
Sep 22, 2008; ... Abstract: The author examines the relationship between research productivity and teaching effectiveness using data from the Erasmus School of Economics. The initial findings indicate a positive overall relationship between the variables. A more detailed analysis reveals a sharp reversal in ...
Stripped-down poker: a classroom game with signaling and bluffing.(Economic Instruction)(Report)
Sep 22, 2008; ... Abstract: The authors present a simplified, "stripped-down" version of poker as an instructional classroom game. Although Stripped-Down Poker is extremely simple, it nevertheless provides an excellent illustration of a number of topics: signaling, bluffing, mixed strategies, the value of ...
Doing economics: enhancing skills through a process-oriented senior research course.(Economic Instruction)(Report)
Sep 22, 2008; ... Abstract: The author describes a senior-level course designed to promote student skills in "acting like economists." Although most departments offer senior-level courses, this one is unique in that it was developed on the basis of learning as opposed to content objectives, assignments are ...