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ERIC Number: EJ1175092
Record Type: Journal
Publication Date: 2018
Pages: 7
Abstractor: As Provided
ISSN: ISSN-0022-0485
Multiple Product Qualities in Monopoly: Sailing the RMS "Titanic" into the Economics Classroom
Asarta, Carlos J.; Mixon, Franklin G.; Upadhyaya, Kamal P.
Journal of Economic Education, v49 n2 p173-179 2018
In this pedagogical contribution the authors extend the traditional three-class tariff employed in the French passenger railway system with the more resonant story of the service quality variations associated with the three passenger classes of the ill-fated RMS "Titanic." In doing so, they provide economics instructors with an opportunity to integrate the well-known motion picture "Titanic" (Cameron and Landau 1997) into the teaching of economics. This article provides instructors with resources that can be used to link historical and modern travel examples of price discrimination in order for students to reach a "deeper understanding of course concepts" (Salemi 2002, 725).
Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: Teachers
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A