ERIC Number: EJ528462
Record Type: Journal
Publication Date: 1996
Reference Count: N/A
An Experiment in Comparative Advantage.
Haupert, Michael J.
Journal of Economic Education, v27 n1 p37-44 Win 1996
Describes an undergraduate economics course experiment designed to teach the concepts of comparative advantage and opportunity costs. Students have a limited number of labor hours and can chose to produce either wheat or steel. As the project progresses, the students trade commodities in an attempt to maximize use of their labor hours. (MJP)
Descriptors: Consumer Economics, Economic Impact, Economic Research, Economics Education, Efficiency, Higher Education, Instructional Innovation, Labor Utilization, Microeconomics, Productivity, Purchasing, Role Playing, Simulation, Student Participation, Student Projects, Supply and Demand, Teaching Methods
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: Researchers; Teachers; Practitioners
Authoring Institution: N/A