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Showing 1 to 15 of 78 results Save | Export
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Craft, Erik; Linask, Maia – Journal of Economic Education, 2020
The authors of this article estimate the learning effects of the flipped classroom format using data from 16 sections of principles of microeconomics over a 4-year period. The experimental design is unique in that two treatment and two control sections were taught during the fall semester in four consecutive years. Further, the instructor switched…
Descriptors: Blended Learning, Microeconomics, Economics Education, Introductory Courses
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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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Bennato, Anna Rita; Gourlay, Adrian; Wilson, Chris M. – Journal of Economic Education, 2020
Bounded rationality is a key concept with implications across all areas of economics. To help students better understand the nature, causes and forms of bounded rationality in individual choice, the authors present a flexible classroom experiment. Beyond providing students with some first-hand evidence of bounded rationality, the experiment shows…
Descriptors: Economics Education, Microeconomics, Educational Experiments, Class Activities
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Mendez-Carbajo, Diego – Journal of Economic Education, 2020
In this article, the author describes the practice of active learning with Federal Reserve Economic Data (FRED). First, he outlines the broad intellectual context of learning with and about economic data, summarizing the recent scholarly contributions made to the topic. Next, the author presents several strategies for teaching with FRED in the…
Descriptors: Active Learning, Economics Education, Data Use, Economics
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Carattini, Stefano; Fenichel, Eli P.; Gordan, Alexander; Gourley, Patrick – Journal of Economic Education, 2020
"Cap and trade" is one of the most innovative policy options developed by environmental economists. By placing a cap on a social bad and allowing firms to buy and sell the right to generate it, policymakers combine government intervention with market-based incentives to improve welfare and internalize the externality. Such programs…
Descriptors: Economics Education, Conservation (Environment), Class Activities, Educational Games
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Mendez-Carbajo, Diego; Malakar, Lucy C. – Journal of Economic Education, 2020
In this article, the authors describe two independent efforts at "flipping" introductory economics courses employing econlowodown.org resources from the Federal Reserve Bank of St. Louis. From an instructor's perspective, it is relatively simple to locate the high-quality free resources available online and assign them to students. Their…
Descriptors: Economics Education, Introductory Courses, Educational Resources, Public Agencies
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Fortmann, Lea; Beaudoin, Justin; Rajbhandari, Isha; Wright, Aedin; Neshyba, Steven; Rowe, Penny – Journal of Economic Education, 2020
The authors of this article introduce two teaching modules that aim to increase climate literacy and active learning in undergraduate economics courses through the incorporation of real-world data and modeling. These modules are based on the concept of computational guided inquiry (CGI), which combines a guided inquiry approach within a…
Descriptors: Climate, Economics Education, Active Learning, Inquiry
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Dvorak, Tomas; Halliday, Simon D.; O'Hara, Michael; Swoboda, Aaron – Journal of Economic Education, 2019
The increasing importance of empirical analysis in economics highlights the need for efficient ways to bring these skills to the classroom. R Markdown is a new technology that provides a solution by integrating writing, statistical work and computation into a single document. R Markdown benefits students and instructors by streamlining teaching,…
Descriptors: Economics Education, Technology Uses in Education, Undergraduate Students, College Instruction
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Barseghyan, Gayane; Grigoryan, Aram – Journal of Economic Education, 2019
The authors develop a two-stage classroom experiment to illustrate convergence to long-run equilibrium in a market where price-taking firms are capacity-constrained. Once equilibrium in the first stage is established, capacity constraints are introduced by imposing discontinuities in the fixed costs of several firms. The experiment demonstrates…
Descriptors: Economics Education, Experiments, Class Activities, Microeconomics
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Josephson, Anna; DeBoer, Larry; Nelson, Dave; Zissimopoulos, Angelika – Journal of Economic Education, 2019
Contemporary pedagogy encourages instructors to move away from memorization to teaching the ability to "do economics." In such an environment, students are taught to apply knowledge of economic measurement, the economic model, and economic policy to analyze current events and policies. In this article, the authors build on existing…
Descriptors: Economics Education, Introductory Courses, Macroeconomics, Class Activities
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Asarta, Carlos J.; Mixon, Franklin G.; Upadhyaya, Kamal P. – Journal of Economic Education, 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…
Descriptors: Economics Education, Microeconomics, Transportation, Films
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Gourley, Patrick – Journal of Economic Education, 2018
The Coase Theorem is a fundamental tenet of environmental economics and is taught to thousands of principles of microeconomics students each year. Its counterintuitive conclusion, that a Pareto optimal solution can result between private parties regardless of the initial allocation of property rights over a scarce resource, is difficult for…
Descriptors: Economics Education, Microeconomics, Theories, Environmental Education
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Henderson, Amy – Journal of Economic Education, 2018
Although experiential learning approaches, such as service-learning, have been shown to increase student motivation and academic achievement, faculty concerns about the costs of developing and implementing such courses have limited their adoption within economics. One cost that can be eliminated is the opportunity cost typically associated with…
Descriptors: Experiential Learning, Economics Education, Reflection, Service Learning
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Staveley-O'Carroll, James – Journal of Economic Education, 2018
Over the course of one semester, six empirical assignments that utilize FRED are used to introduce students of money and banking courses to the economic analysis required for the conduct of monetary policy. The first five assignments cover the following topics: inflation, bonds and stocks, monetary aggregates, the Taylor rule, and employment.…
Descriptors: Economics Education, Graphs, Assignments, Macroeconomics
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Maier, Mark; Miller, John A. – Journal of Economic Education, 2017
Although the Index of Economic Freedom appears in many economic textbooks, their coverage of the index misses opportunities to teach statistical and policy-related concepts important for the principles course. The standard textbook presentation passes up an opportunity to examine the statistical issues of weighting in composite index numbers and…
Descriptors: Economics Education, Freedom, Indexes, Statistics
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