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Showing 1 to 15 of 169 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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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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Clark, Michael J. – Journal of Economic Education, 2020
The Alchian Maze uses active learning for teaching important economic concepts like spontaneous order and the power of profit and loss. While the game is an effective teaching tool, it is also cheap, low tech, and requires little advance preparation. The author of this article provides an overview on how to create and run an Alchian Maze. A number…
Descriptors: Economics Education, Active Learning, Microeconomics, Educational Games
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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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Palm-Forster, Leah H.; Duke, Joshua M. – Journal of Economic Education, 2019
Traffic congestion and road tolls are familiar economic concepts for most undergraduates; however, students often have difficulty explaining exactly how theoretical principles like externalities and social welfare are related to their real-world experiences, such as driving. The authors present a classroom exercise to demonstrate how congestion…
Descriptors: Economics Education, Class Activities, Microeconomics, Transportation
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Ng, Chen Feng – Journal of Economic Education, 2019
In this article, the author describes the structure and content of a video game that she developed for a hybrid principles of microeconomics course that consists of two 50-minute lectures and a 50-minute online portion per week. The game comprises seven modules, each of which was assigned to be played during the course of the semester for the…
Descriptors: Microeconomics, Economics Education, Video Games, Instructional Materials
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Kolpin, Van – Journal of Economic Education, 2018
The derivation of conditions necessary for Pareto efficient production and exchange is a lesson frequently showcased in microeconomic theory textbooks. Traditional delivery of this lesson is, however, limited in its scope of application and can be unnecessarily convoluted. The author shows that the universe of application is greatly expanded and a…
Descriptors: Microeconomics, Economics Education, Teaching Methods, Educational Theories
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Roush, Justin R.; Johnson, Bruce K. – Journal of Economic Education, 2018
The authors of this article describe an adaptation of the rent-seeking game by Goeree and Holt (1999) to the recruiting of athletes by NCAA Division I football and basketball teams. Students engage in an effort-based lottery, i.e., recruiting to sign a blue-chip prospect. The winner gets the prize--the player's marginal revenue product in excess…
Descriptors: College Athletics, College Students, Student Recruitment, Athletes
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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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Espey, Molly – Journal of Economic Education, 2018
Student and team performance in 17 sections of an introductory microeconomic theory course taught using team-based learning are analyzed to determine what measurable characteristics of teams influence team and individual outcomes. Results suggest that team performance is positively influenced by the grade point average of the top individual on the…
Descriptors: Cooperative Learning, Teamwork, Introductory Courses, Microeconomics
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Monaco, Andrew J. – Journal of Economic Education, 2018
The author discusses the development of a unique course, The Economics of Online Dating. The course is an upper-level undergraduate course that combines intensive discussion, peer review, and economic theory to teach modeling skills to undergraduates. The course uses the framework of "online dating," interpreted broadly, as a point of…
Descriptors: Dating (Social), Economics, Undergraduate Study, Economics Education
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Smith, Ben O.; Wagner, Jamie – Journal of Economic Education, 2018
In 2016, Walstad and Wagner developed a procedure to split pre-test and post-test responses into four learning types: positive, negative, retained, and zero learning. This disaggregation is not only useful in academic studies; but also provides valuable insight to the practitioner: an instructor would take different mitigating actions in response…
Descriptors: Pretests Posttests, Value Added Models, Guessing (Tests), Monte Carlo Methods
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Grogan, Kelly – Journal of Economic Education, 2018
Health insurance policy is a current topic of concern for the United States. The classroom game discussed here provides students with a thorough understanding of some of the policy options under debate, in addition to demonstrating the classic problem of adverse selection. Students received probabilities of encountering a variety of medical…
Descriptors: Health Insurance, Health Services, Costs, Risk
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Cipriani, Giam Pietro – Journal of Economic Education, 2018
A considerable literature in economics and psychology observes substantial gender differences in risk aversion, confidence, and responses to high pressure. In the educational measurement literature, it has been argued that these differences could disadvantage female students when taking multiple-choice tests, especially if there is a penalty for…
Descriptors: Gender Differences, Guessing (Tests), Academic Failure, Multiple Choice Tests
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