In this article, the authors describe a field experiment in the classroom where principles of micro-economics students are randomly assigned into homework-required and not-required groups. The authors find that homework plays an important role in student learning, especially so for students who initially perform poorly in the course. Students in…

Little research in economic education has dealt with MBA programs. The authors investigated student performance in a microeconomics/managerial economics course taught in a one-year MBA program at the German International School of Management and Administration in Hanover, Germany, during the 2002-5 academic years. After controlling for other…

The "Lake Wobegon Effect" (LWE) describes the potential measurement-error bias introduced into survey-based analyses of education issues. Although this effect potentially applies to any student-report variable, the systematic overreporting of academic achievements such as grade point average is often of preeminent concern. This concern can be…

The authors develop an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, they show that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. They offer evidence that the weak relationship between learning and…

Microeconomic principles courses focus on perfectly competitive markets far more than other market structures. The authors examine five possible reasons for this but find none of them sufficiently compelling. They conclude that textbook authors should place more emphasis on how economists select appropriate models and test models' predictions…

Authors of intermediate microeconomics textbooks devote relatively more space to imperfectly competitive markets than can be justified by their relative occurrence in actual markets. This gap has persisted for at least 40 years, even with an almost complete turnover of authors between the decades of the 1960s and the 2000s. This portrayal gives…

The author advocates the application of experiential learning in economics courses at the tertiary level. The author evaluates a range of learning methods, both passive and active, in a student survey that provides data on undergraduate attitudes to various class activities. The results indicate a clear student preference for learning activities…

This article reports on the trends in undergraduate economics degrees from 1991-2006. Undergraduate degrees in economics awarded by U.S. colleges and universities enjoyed an upward trajectory for eight consecutive years from 1997 through 2005. On the basis of the steady climb in economics majors from 2000 to 2005, "Newsweek" (December 26, 2005)…

What is the effect of small-group learning on student learning outcomes in economic instruction? In spring 2002 and fall 2004, the author applied cooperative learning to one section of intermediate macroeconomics and taught another section using a traditional lecture format. He identified and then tracked measures of student learning outcomes.…

The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and…

The authors describe the Business Conditions and Economic Analysis (BCEA) program developed at the University of Richmond. The BCEA program is an experiential learning format for economics students built on the success of student-managed investment funds (SMIF) in finance. In its initial implementation, the BCEA group conducts domestic and global…

The authors present a simple classroom game in which students are randomly designated as employers, purple workers, or green workers. This environment may generate "statistical" discrimination if workers of one color tend not to invest because they anticipate lower opportunities in the labor market, and these beliefs are self-confirming as…

There is a difference between the private and social cost of preserving the past. Although it may be privately rational to forget the past, the social cost is significant: We fail to see that classical political economy is analytically egalitarian. The past is a rich source of surprises and debates, and resources on the Web are uniquely suited to…

The author describes his experience with the process of peer reviews by economists of economics departments. On the bases of roughly 20 reviews of departments in the public and private sectors over two decades, he discusses how the process works and what can be accomplished by it and identifies some pitfalls that should be avoided. He offers…

The author suggests methods for teaching game theory at an introductory level, using interactive games to be played in the classroom or in computer clusters, clips from movies to be screened and discussed, and excerpts from novels and historical books to be read and discussed.