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Johnson, Paul; Staveley-O'Carroll, James – Journal of Economic Education, 2020
In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain…
Descriptors: Economics Education, Undergraduate Students, Class Activities, Educational Experiments
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Valcarcel, Victor J. – Journal of Economic Education, 2013
The author provides a general model to incentivize student involvement in an economics course on an ongoing basis. Rather than presenting students with a discrete number of diverse experiments to illustrate different economic concepts, he opts for the adoption of a single experiment that lives for the duration of the semester. This approach…
Descriptors: Macroeconomics, Economics Education, Learner Engagement, Student Participation
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Miller, Michael S.; Epstein, Seth – Journal of Teaching in International Business, 2013
In this article we explore the challenges of adapting a standard introductory MBA course in applied macroeconomics to a student audience in a small open economy with a pegged currency. Our focus will be on the Kingdom of Bahrain, with reference to other countries in the Arabian Gulf region, where one would expect to use an open-economy theoretical…
Descriptors: Foreign Countries, Masters Programs, Business Administration Education, Macroeconomics
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Barre, Todd J. – Journal of Education for Business, 2015
The emergence of Bitcoin as an online currency/payment system has been surrounded with controversy with equally passionate proponents and detractors arguing for its long-term viability. These debates lead to stimulating exercises for the finance or economics student eager to understand principles of money, currencies, and monetary economics. The…
Descriptors: Online Systems, Online Vendors, Monetary Systems, International Trade
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Schug, Mark C.; Suiter, Mary C.; Wood, William C. – Social Education, 2015
In 1890, the United States government had no agency empowered to control the overall supply of money. Fifty years later, it had a full set of monetary institutions, including a central bank whose structure is much the same today. Further, it had enough experience to know both the promise and the pitfalls of monetary control. How did the nation's…
Descriptors: Banking, Economic Factors, United States History, Social Studies
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Mitchell, David T.; Rebelein, Robert P.; Schneider, Patricia H.; Simpson, Nicole B.; Fisher, Eric – Journal of Economic Education, 2009
The authors developed a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. In the experiment, students represent citizens from different countries and need to obtain currency to purchase goods. By participating in an auction to buy currency, students gain a…
Descriptors: Economics Education, Experiments, Class Activities, Macroeconomics
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Lai, Ching-chong; Chang, Juin-jen; Kao, Ming-ruey – Journal of Economic Education, 2004
The authors propose a pedagogical apparatus embodying a solid micro-foundation with emphasis on the public's choice between currency and demand deposits being an optimal decision. On the basis of the pedagogical exposition, the authors explain how money supply is related to the combined behaviors of the central bank, commercial banks, and the…
Descriptors: Macroeconomics, Banking, Economics Education, Monetary Systems
Rabin, Steven – 1995
This document contains samples only of just the print components of a telecourse that includes: 13 videotapes, 2 videodiscs, a recommended textbook, a case-study reader and review guide, a text study guide, a faculty manual with text bank; and a computer softrware tutorial. This telecourse examines international global economies by means of 13…
Descriptors: Economic Change, Economic Climate, Economic Development, Economic Factors