Explains why risk aversion does not always induce a greater information value, but instead may induce a lower information value when increased. Presents a basic model defining the concept of perfect information value and providing a numerical illustration. Includes references. (CMK)

Investigates the effect of graduate program rank on success in the job market of Ph.D. job candidates for economics departments at three state universities. Reports a positive return for program rank in relation to (1) the number of interviews obtained and (2) initial salaries for the candidates. (CMK)

Describes the Intel Science Talent Search, considered the most prestigious high school research competition. Relates the experiences of two high school students working on their research projects with their mentor. Highlights other research competitions such as the International Science and Engineering Fair. (CMK)

Describes a Web site for college economics instructors that provides 113 noncomputerized economics experiments (games) to help teach fundamental micro and macroeconomic concepts. Explains that the games are annotated and hyperlinked and that the Web site is organized into three tables classifying the games. (CMK)

Introduces the Online section in the "Journal of Economic Education" that identifies exemplary interactive material for teaching and learning economics. Describes the selections for the section in this issue of the journal and states that the featured Web sites illustrate important direction for teaching using hypermedia and computer-assisted…

Describes the Web site Resources for Economists on the Internet (RFE) that is sponsored by the American Economic Association under the Journal of Economic Literature. States that RFE focuses on the needs of academic economists. Explains that RFE includes over 900 Internet resources and discusses the "Teaching Resources" section. (CMK)

Discusses an electronic textbook called "Essential Principles of Economics." Explains that economic concepts are found by following links from the table of contents, while each chapter includes both expository information and interactive material including online multiple-choice drill questions. States that the textbook is a "work in progress."…

Describes a Web site called EconEdLink that is designed for K-12 instructors and students of economics. Discusses the different sections of the Web site: (1) CyberTeach; (2) NetNewsLine; (3) EconomicsMinute; (4) DataLinks; and (5) WebLinks. Explains that EconEdLink hosts two sections that feature online economics lessons (NetNewsLine and…

Describes a Web site that is for an undergraduate principles of microeconomics course and a main component of "The Inverted Classroom" in which lectures take place outside of class. Explains that the Web site is divided into four sections: (1) the classroom; (2) the desk; (3) the coffee shop; and (4) the library. (CMK)

Describes and evaluates a package of measures designed to introduce a collaborative problem-solving (CPS) approach to learning tutorials of a second-year university macroeconomics subject. Presents findings related to the influence of CPS on tutors' teaching experiences, students' attitudes attendance and hours of study, and academic achievement.…

Describes a teaching strategy called the inverted classroom that enables instructors of introductory economics courses to address students' different learning styles within the time constraints of the class. Explains that in the inverted classroom the events that traditionally take place during class time now take place outside the classroom and…

Describes a classroom experiment in which students see how competitive markets underproduce in the presence of a positive externality. States that this experiment is used in a principles of economics course to introduce the idea of market failure. Explains that participants take the role of buyers of education, sellers of education, or interested…

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…

Describes a simulation exercise called "The Summit of the Americas" that enables students to apply economic concepts. Discusses the four segments of the simulation: (1) pre-negotiation phase; (2) negotiation phase; (3) the debriefing phase; and (4) an economic impact report. Addresses the issues involved when incorporating the simulation into a…

Demonstrates that it is possible for economies of scale to induce a price-discriminating monopolist to sell in an unprofitable market where the average cost always exceeds the price. States that higher profits in the profitable market caused by economies of scale may exceed losses incurred in the unprofitable market. (CMK)