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ERIC Number: EJ643977
Record Type: CIJE
Publication Date: 2000
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment.
Bernard, John C.; Schulze, William
Journal of Economic Education, v31 n1 p52-59 Win 2000
Describes a computerized English-auction experiment that helps students to understand marginal cost and its interrelationships with supply and the efficiency of competitive markets. Explains that the English auction is in a market where there are many sellers (students) and one buyer (computer). States that this exercise offers a good introduction to experiments in economics. (CMK)
Descriptors: College Freshmen, Computer Uses in Education, Course Content, Discussion (Teaching Technique), Economics Education, Higher Education, Laboratory Experiments, Student Improvement, Student Motivation
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A