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Showing 1 to 15 of 109 results Save | Export
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Kuroki, Masanori – Journal of Economic Education, 2023
As vast amounts of data have become available in business in recent years, the demand for data scientists has been rising. The author of this article provides a tutorial on how one entry-level machine learning competition from Kaggle, an online community for data scientists, can be integrated into an undergraduate econometrics course as an…
Descriptors: Statistics Education, Teaching Methods, Competition, Prediction
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Neumuller, Seth – Journal of Economic Education, 2023
The author of this article demonstrates how the unified approach to answering economic questions employed in modern quantitative macroeconomics research can be taught to undergraduate students using the Solow model. Through an application to post-WWII Japan, students get hands-on experience with (1) documenting empirical facts, (2) developing a…
Descriptors: Macroeconomics, Undergraduate Students, Prediction, Teaching Methods
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Kearney, Melissa S. – Journal of Economic Education, 2022
In this symposium, the author comments on an article written about critical thinking in economics. The author leans toward the view that undergraduate economics should continue to be focused around core tenets and basic models--what the article refers to as little-think critical thinking--while, at the same time, students should be given clear…
Descriptors: Critical Thinking, Economics Education, Models, Thinking Skills
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Siegfried, John; Colander, David – Journal of Economic Education, 2022
Teaching students to use critical thinking skills is a popular goal of many economics courses. But what does "critical thinking" really mean, and how is it implemented? This article considers various interpretations of "critical thinking" and distinguishes "big-think" from "little-think" critical thinking,…
Descriptors: Teaching Methods, Economics Education, Critical Thinking, Textbooks
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Davis, Leila E.; Gómez-Ramírez, Leopoldo – Journal of Economic Education, 2022
The 3-equation model by Carlin and Soskice (2014) introduces the current consensus in modern monetary macroeconomics to undergraduates through a static framework in which adjustment occurs via the monetary policy rule of an inflation-targeting central bank. In this article, the authors present a dynamic extension of this model and an Excel-based…
Descriptors: Economics Education, Macroeconomics, Teaching Methods, Undergraduate Students
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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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Bhattacharya, Arghya; Jackson, Paul; Jenkins, Brian C. – Journal of Economic Education, 2018
The authors present a version of the Diamond-Mortensen-Pissarides model of unemployment that is accessible to undergraduates and preserve the dynamic structure of the original model. The model is solvable in closed form using basic algebra and admits a graphical representation useful for illustrating a variety of comparative statics. They show how…
Descriptors: Undergraduate Students, Economics Education, Unemployment, Models
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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2018
The authors provide a static two-country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. They concentrate on "normal times" and use a thoroughly graphical approach to…
Descriptors: International Cooperation, International Law, Financial Policy, Models
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Hansen, Bruce E. – Journal of Economic Education, 2017
The field of econometrics largely started with time series analysis because many early datasets were time-series macroeconomic data. As the field developed, more cross-sectional and longitudinal datasets were collected, which today dominate the majority of academic empirical research. In nonacademic (private sector, central bank, and governmental)…
Descriptors: Economics, Economics Education, Undergraduate Students, College Instruction
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Reese, William A., Jr.; Robins, Russell P. – Journal of Economic Education, 2017
This exercise helps instructors teach students how to perform a simple event study. The study tests to see if stocks earn abnormal returns when added to the S&P 500. Students select a random sample of stocks that were added to the index between January 2000 and July 2015. The accompanying spreadsheet calculates cumulative abnormal returns and…
Descriptors: Finance Occupations, Business Administration Education, Learning Activities, Money Management
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Emerson, Tisha L. N.; English, Linda K. – Journal of Economic Education, 2016
The authors' data contain inter- and intra-class variations in experiments to which students in a principles of microeconomics course were exposed. These variations allowed the estimation of the effect on student achievement from the experimental treatment generally, as well as effects associated with participation in specific experiments. The…
Descriptors: Economics Education, Teaching Methods, Microeconomics, Control Groups
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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2015
This article introduces macroprudential policy using a static New Keynesian Macroeconomics model with financial frictions. The authors analyze two related questions: First, they show how the procyclicality of financial factors, captured by the financial accelerator, amplifies the transmission of supply and demand shocks and impacts the intuition…
Descriptors: Macroeconomics, Policy, Models, Supply and Demand
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Duncan, Roberto – Journal of Economic Education, 2015
The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…
Descriptors: Macroeconomics, Models, Economics Education, Economic Climate
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Buttet, Sebastien; Roy, Udayan – Journal of Economic Education, 2015
The authors modify the Dynamic Aggregate Demand-Dynamic Aggregate Supply model in Mankiw's widely used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank's inflation target as a tool of macroeconomic stabilization. They…
Descriptors: Macroeconomics, Credit (Finance), Models, Economic Climate
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Olney, Martha L. – Journal of Economic Education, 2015
The University of California, Berkeley sends more undergraduate students to economics PhD programs than any other public university. While this fact is surely a function of its size, there may be lessons from the Berkeley experience that others could adopt. To investigate why Berkeley generates so many economics PhD students, the author convened…
Descriptors: Undergraduate Students, Doctoral Programs, Economics Education, Student Surveys
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