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Hazlett, Denise – Journal of Economic Education, 2016
In this classroom experiment, students see how low bank equity requirements can interact with deposit insurance to encourage excessive risk-taking. The experiment fills a niche Admati and Hellwig (2013) have noted: citizens in a democracy must understand why bank owners argue for low equity requirements and why society as a whole is better off…
Descriptors: Banking, Educational Experiments, Economics Education, Financial Services
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Kassis, Mary Mathewes; Hazlett, Denise; Ygosse Battisti, Jolanda E. – Journal of Economic Education, 2012
This classroom experiment uses double oral auction credit markets to illustrate the role of banks as financial intermediaries. The experiment demonstrates how risk affects market interest rates in the presence of asymmetric information. It provides fodder for a discussion of the moral-hazard problem of deposit insurance and its impact on depositor…
Descriptors: Economics Education, Educational Experiments, Class Activities, Banking
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Hazlett, Denise; Hill, Cynthia D. – Journal of Economic Education, 2003
Outlines how students develop a price index based on candy-purchasing decisions made by class members. Explains that students used the index to practice calculating inflation rates and to consider the strengths and weaknesses of the consumer price index (CPI). States that the exercise has been used in introductory and intermediate macroeconomics…
Descriptors: Active Learning, College Students, Economics, Economics Education
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Hazlett, Denise – Journal of Economic Education, 2000
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…
Descriptors: Class Activities, Course Content, Economics Education, Education
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Hazlett, Denise; Ganje, Jeela – Journal of Economic Education, 1999
Describes a classroom experiment that demonstrates under what conditions the parallel market rate approximates the free-market value of the domestic currency. Students act as foreign exchange traders in a developing country. Provides results of the experiment and discussion questions. (CMK)
Descriptors: Course Content, Developing Nations, Discussion (Teaching Technique), Economic Factors