Template-Type: ReDIF-Article 1.0 Author-Name: Mary O. Borg Author-X-Name-First: Mary O. Author-X-Name-Last: Borg Author-Name: Stephen L. Shapiro Author-X-Name-First: Stephen L. Author-X-Name-Last: Shapiro Title: Personality Type and Student Performance in Principles of Economics Abstract: The relationship between students' personality types, as measured by the Myers-Briggs Personality Type Indicator, and their performance in introductory economics is explored. In addition to comparing a student's learning style with a professor's teaching style, options are suggested for improving instruction by offering a variety of different teaching and grading strategies that better accommodate student personality types and learning styles. Journal: The Journal of Economic Education Pages: 3-25 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844890 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844890 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:3-25 Template-Type: ReDIF-Article 1.0 Author-Name: Maureen J. Lage Author-X-Name-First: Maureen J. Author-X-Name-Last: Lage Author-Name: Michael Treglia Author-X-Name-First: Michael Author-X-Name-Last: Treglia Title: The Impact of Integrating Scholarship on Women into Introductory Economics: Evidence from One Institution Abstract: Integrating the latest scholarship on women into the principles of microeconomics course calls for modifying the content and exams to cover economic issues in a gender-inclusive fashion. The empirical evidence that is provided suggests that all students do significantly better in such a gender-inclusive economics course. Journal: The Journal of Economic Education Pages: 26-36 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844891 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844891 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:26-36 Template-Type: ReDIF-Article 1.0 Author-Name: Michael J. Haupert Author-X-Name-First: Michael J. Author-X-Name-Last: Haupert Title: An Experiment in Comparative Advantage Abstract: An interactive learning experiment engages students in the production and exchange of goods to illustrate the concepts of comparative advantage and opportunity cost. Journal: The Journal of Economic Education Pages: 37-44 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844892 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844892 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:37-44 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas E. Merz Author-X-Name-First: Thomas E. Author-X-Name-Last: Merz Title: Willie Mays: Meet John Nash Abstract: An alleged strategy by Willie Mays is presented to introduce some basic ideas of game theory to students. Journal: The Journal of Economic Education Pages: 45-48 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844893 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844893 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:45-48 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis Coates Author-X-Name-First: Dennis Author-X-Name-Last: Coates Title: A Diagrammatic Demonstration of Public Crowding-Out of Private Contributions to Public Goods Abstract: A diagrammatic device is presented for teaching crowding-out in the provision of poor relief and public goods. It builds on the notiOn of Pareto-optimal income redistribution. The diagram shows how governmental attempts to redistribute income, or provide public services, crowd-out voluntary private efforts on a dollar-for-dollar basis. Journal: The Journal of Economic Education Pages: 49-58 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844894 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844894 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:49-58 Template-Type: ReDIF-Article 1.0 Author-Name: Ann Helwege Author-X-Name-First: Ann Author-X-Name-Last: Helwege Title: Preventive versus Curative Medicine: A Policy Exercise for the Classroom Abstract: This classroom example shows students that neither a health insurer (which bears only the hospitalization costs of acute care) nor the patient (who incurs lost earnings and psychic costs) has an adequate incentive to pay for preventive care, even though the total benefits of such care exceed its cost. The activity offers an application of concepts of efficiency, equity, present value, and moral hazard. Journal: The Journal of Economic Education Pages: 59-71 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844895 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844895 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:59-71 Template-Type: ReDIF-Article 1.0 Author-Name: Asatoshi Maeshiro Author-X-Name-First: Asatoshi Author-X-Name-Last: Maeshiro Title: Teaching Regressions with a Lagged Dependent Variable and Autocorrelated Disturbances Abstract: The author attempts to rectify the unsatisfactory textbook treatment of the finite-sample properties of estimators of regression models with a lagged dependent variable and autocorrelated disturbances. He contends that the bias of the OLS estimator of a regression model with a lagged dependent variable and autocorrelated disturbances is determined by two effects, the dynamic effect and the correlation effect, which may be reinforcing or offsetting. The implications of these two effects are explored within a theoretical and a Monte Carlo framework. Journal: The Journal of Economic Education Pages: 72-84 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844896 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844896 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:72-84 Template-Type: ReDIF-Article 1.0 Author-Name: Julie Lee Author-X-Name-First: Julie Author-X-Name-Last: Lee Author-Name: John Burgess Author-X-Name-First: John Author-X-Name-Last: Burgess Author-Name: Paul Kniest Author-X-Name-First: Paul Author-X-Name-Last: Kniest Title: Teaching Australian First-Year Economics Courses-In Search of a Better Way Abstract: The results of a survey of first-year economics courses offered at Australian universities are summarized and compared with those obtained for undergraduate economics courses offered in the United States. The main differences are that in Australia lecture classes are much larger and small tutorial sections are nearly universal. Journal: The Journal of Economic Education Pages: 85-90 Issue: 1 Volume: 27 Year: 1996 Month: 1 X-DOI: 10.1080/00220485.1996.10844897 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844897 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:1:p:85-90 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Preface Journal: The Journal of Economic Education Pages: 99-99 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844898 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844898 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:99-99 Template-Type: ReDIF-Article 1.0 Author-Name: O. Homer Erekson Author-X-Name-First: O. Homer Author-X-Name-Last: Erekson Author-Name: Prosper Raynold Author-X-Name-First: Prosper Author-X-Name-Last: Raynold Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: Pedagogical Issues in Teaching Macroeconomics Abstract: Six themes for teaching macroeconomics at the intermediate college level are presented with recommendations for improvement that are based on a conference held at Miami University of Ohio in the fall of 1994. Journal: The Journal of Economic Education Pages: 100-107 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844899 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844899 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:100-107 Template-Type: ReDIF-Article 1.0 Author-Name: Richard T. Froyen Author-X-Name-First: Richard T. Author-X-Name-Last: Froyen Title: The Evolution of Macroeconomic Theory and Implications for Teaching Intermediate Macroeconomics Abstract: The evolution of macroeconomic theory from Keynes to modern endogenous growth theory is reviewed, with recommendations for narrowing the gap between what is taught in graduate school and what is taught to undergraduates. Journal: The Journal of Economic Education Pages: 108-115 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844900 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844900 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:108-115 Template-Type: ReDIF-Article 1.0 Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: Microeconomic Concepts Students Should Learn Before Intermediate Macroeconomics Abstract: Before entering into the study of intermediate macroeconomics, students should have mastered four microeconomic concepts: relative prices, general versus partial equilibrium, constrained optimization, and the nature of production inputs. Journal: The Journal of Economic Education Pages: 116-125 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844901 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844901 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:116-125 Template-Type: ReDIF-Article 1.0 Author-Name: George Davis Author-X-Name-First: George Author-X-Name-Last: Davis Title: The Macroeconomics Curriculum: A Proposal for Change Abstract: Intermediate macroeconomics should be taught as a two-part sequence, with the first component based on a benchmark model that reflects accepted theory and applications to policy, with electives introduced in subsequent courses. Journal: The Journal of Economic Education Pages: 126-138 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844902 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844902 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:126-138 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen G. Marks Author-X-Name-First: Stephen G. Author-X-Name-Last: Marks Author-Name: Michael G. Rukstad Author-X-Name-First: Michael G. Author-X-Name-Last: Rukstad Title: Teaching Macroeconomics by the Case Method Abstract: In contrast to teaching only theory, instructors can use cases to get students to appreciate the tradeoffs in alternative policy recommendations. Journal: The Journal of Economic Education Pages: 139-147 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844903 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844903 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:139-147 Template-Type: ReDIF-Article 1.0 Author-Name: Steven M. Sheffrin Author-X-Name-First: Steven M. Author-X-Name-Last: Sheffrin Title: Bringing Insights from Research into the Teaching of Intermediate Macroeconomics Abstract: We must remember that not all of the questions in macroeconomics have been answered. Students can learn how research contributes to answering questions by professors' bringing exploratory work into the teaching of macroeconomics. Journal: The Journal of Economic Education Pages: 148-155 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844904 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844904 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:148-155 Template-Type: ReDIF-Article 1.0 Author-Name: John M. Barron Author-X-Name-First: John M. Author-X-Name-Last: Barron Author-Name: Mark A. Loewenstein Author-X-Name-First: Mark A. Author-X-Name-Last: Loewenstein Title: Textbook Treatments of the Financial Market in the IS-LM Model Abstract: Intermediate macroeconomics textbooks introduce financial markets into the IS-LM analysis but typically as a beginning-of-period consideration. Here the financial market is introduced in an end-of-period model. Journal: The Journal of Economic Education Pages: 156-169 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844905 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844905 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:156-169 Template-Type: ReDIF-Article 1.0 Author-Name: Ian M. McDonald Author-X-Name-First: Ian M. Author-X-Name-Last: McDonald Title: The Optimal Level and Disposition of Saving and the Mix of Monetary and Fiscal Policy in Intermediate Macroeconomics Abstract: The optimal level of saving and its optimal disposition between investment in the domestic capital stock and the accumulation of overseas assets should be an important topic in intermediate macroeconomics courses. This article shows how the analysis of this topic can be presented to students. Journal: The Journal of Economic Education Pages: 170-192 Issue: 2 Volume: 27 Year: 1996 Month: 4 X-DOI: 10.1080/00220485.1996.10844906 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844906 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:170-192 Template-Type: ReDIF-Article 1.0 Author-Name: Franklin G. Mixon Author-X-Name-First: Franklin G. Author-X-Name-Last: Mixon Title: Crime in the Classroom: An Extension Abstract: Classroom cheating is found to be negatively related to GPA and positively related to observing others cheat. The effect of student expectations of penalties may be sensitive to the model specification. Journal: The Journal of Economic Education Pages: 195-200 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844907 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844907 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:195-200 Template-Type: ReDIF-Article 1.0 Author-Name: Linda M. Manning Author-X-Name-First: Linda M. Author-X-Name-Last: Manning Title: Economics on the Internet: Electronic Mail in the Classroom Abstract: E-mail enables instructors to reach out to students privately. Shy students use it to ask questions and participate in discussion groups. The barriers created by time and distance are minimized with e-mail. Students respond warmly to the medium. Journal: The Journal of Economic Education Pages: 201-204 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844908 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:201-204 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis J. Palmini Author-X-Name-First: Dennis J. Author-X-Name-Last: Palmini Title: Using Rhetorical Cases to Teach Writing Skills and Enhance Economic Learning Abstract: Several principles of writing in different contexts are explained. Although the effect of writing on learning economics is yet to be established, students appreciate writing assignments because they see professional value in them. Journal: The Journal of Economic Education Pages: 205-216 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844909 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:205-216 Template-Type: ReDIF-Article 1.0 Author-Name: Yana van der Meulen Rodgers Author-X-Name-First: Yana van der Meulen Author-X-Name-Last: Rodgers Title: A Role-Playing Exercise for Development and International Economics Courses Abstract: A role-playing exercise is described in which students play the roles of various ministers advising the president in the resolution of the macroeconomic problems that arise with a natural resource boom. A framework for role playing is presented that has applications beyond this single issue. Journal: The Journal of Economic Education Pages: 217-223 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844910 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:217-223 Template-Type: ReDIF-Article 1.0 Author-Name: Penny Kugler Author-X-Name-First: Penny Author-X-Name-Last: Kugler Author-Name: Kim Andrews Author-X-Name-First: Kim Author-X-Name-Last: Andrews Title: Graphical Analysis and the Visually Impaired in Undergraduate Economics Courses Abstract: Shifting perceptions and legal mandates increase the probability that postsecondary instructors will have blind and visually impaired students in their classrooms. The graphical and symbolic notations used in economics present special problems in communication. Journal: The Journal of Economic Education Pages: 224-228 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844911 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844911 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:224-228 Template-Type: ReDIF-Article 1.0 Author-Name: Philip E. Graves Author-X-Name-First: Philip E. Author-X-Name-Last: Graves Author-Name: Robert L. Sexton Author-X-Name-First: Robert L. Author-X-Name-Last: Sexton Author-Name: Dwight R. Lee Author-X-Name-First: Dwight R. Author-X-Name-Last: Lee Title: Slope Versus Elasticity and the Burden of Taxation Abstract: The incidence of the burden of a tax is usually presented as an application of elasticity in introductory economics. A more useful exposition of tax incidence results if slope is used rather than elasticity. Journal: The Journal of Economic Education Pages: 229-232 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844912 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844912 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:229-232 Template-Type: ReDIF-Article 1.0 Author-Name: Sarapage McCorkle Author-X-Name-First: Sarapage Author-X-Name-Last: McCorkle Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Free Riding Indexes for Ukrainian Economics Teachers Abstract: In an experimental economics simulation, Ukrainian teachers of economics chose free riding responses at a rate similar to those found by Leuthold in an undergraduate class on public economics at the University of Illinois. The authors speculate that those who become academic economists may do so because they have certain insights in deductive logic. Journal: The Journal of Economic Education Pages: 233-237 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844913 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844913 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:233-237 Template-Type: ReDIF-Article 1.0 Author-Name: Ephraim Kleiman Author-X-Name-First: Ephraim Author-X-Name-Last: Kleiman Author-Name: Yona Rubinstein Author-X-Name-First: Yona Author-X-Name-Last: Rubinstein Title: Sex and the Leuthold Free Rider Experiment: Some Results from an Israeli Sample Abstract: The authors conducted the Leuthold free rider experiment in Israeli classrooms and found more significant free riding than that found by Leuthold. The authors address classroom differences that may account for these results. Journal: The Journal of Economic Education Pages: 238-257 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844914 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844914 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:238-257 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory M. Gelles Author-X-Name-First: Gregory M. Author-X-Name-Last: Gelles Author-Name: Douglas W. Mitchell Author-X-Name-First: Douglas W. Author-X-Name-Last: Mitchell Title: Returns to Scale and Economies of Scale: Further Observations Abstract: Despite discussions about the relationship between returns to scale and economies of scale under assumptions of constant and nonconstant input prices, mistakes continue to be made in textbooks on these issues. This article demonstrates the pointwise relation between returns to scale and economies of scale, with an adaption to a calculus-based intermediate microeconomics class. Journal: The Journal of Economic Education Pages: 259-261 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844915 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844915 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:259-261 Template-Type: ReDIF-Article 1.0 Author-Name: Alireza Tahai Author-X-Name-First: Alireza Author-X-Name-Last: Tahai Author-Name: G. Wayne Kelly Author-X-Name-First: G. Wayne Author-X-Name-Last: Kelly Title: An Alternative View of Citation Patterns of Quantitative Literature Cited by Business and Economic Researchers Abstract: The authors examine the distribution of elapsed time between published research papers and the literature they reference in quantitative business-oriented journals indexed by the Journal of Economic Literature. This distribution is better approximated by the generalized gamma distribution than by the exponential distribution. A ranking of journals based upon actual frequencies of article citations is also provided. Journal: The Journal of Economic Education Pages: 263-275 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844916 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844916 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:263-275 Template-Type: ReDIF-Article 1.0 Author-Name: Margaret A. Ray Author-X-Name-First: Margaret A. Author-X-Name-Last: Ray Title: Total Quality Management in Economic Education: Defining the Market Abstract: This article contains an overview of criticisms of the use of TQM in teaching and proposes an alternative for economic education. The alternative TQM model is demonstrated in classroom use of quality circles, one-minute papers, and quality check sheets. Journal: The Journal of Economic Education Pages: 276-283 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844917 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844917 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:276-283 Template-Type: ReDIF-Article 1.0 Author-Name: Phillip Saunders Author-X-Name-First: Phillip Author-X-Name-Last: Saunders Title: The Structure of a Modern Economy: The United States, 1929-1989. by Kenneth E. Boulding Journal: The Journal of Economic Education Pages: 284-286 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844918 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844918 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:284-286 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: The Economist's Handbook: A Research and Writing Guide. by Thomas L. Wyrick Journal: The Journal of Economic Education Pages: 286-288 Issue: 3 Volume: 27 Year: 1996 Month: 7 X-DOI: 10.1080/00220485.1996.10844919 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844919 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:3:p:286-288 Template-Type: ReDIF-Article 1.0 Author-Name: Tod S. Porter Author-X-Name-First: Tod S. Author-X-Name-Last: Porter Author-Name: Teresa M. Riley Author-X-Name-First: Teresa M. Author-X-Name-Last: Riley Title: The Effectiveness of Computer Exercises in Introductory Statistics Abstract: One introductory statistics class was given homework involving exercises generated by computer software, and a second class was assigned problems from the textbook. The software provided an explanation if students' answers were incorrect, but those using textbook problems had no such feedback. The class using the software typically completed the assigments in less time and had higher scores on homework-related exam questions. Journal: The Journal of Economic Education Pages: 291-299 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844920 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844920 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:291-299 Template-Type: ReDIF-Article 1.0 Author-Name: Michael J. Haupert Author-X-Name-First: Michael J. Author-X-Name-Last: Haupert Title: Labor Market Experiment Abstract: This experiment involves having students search in a hypothetical job market for jobs paying wages in a known range but an unknown wage distribution. Different trials change variables to allow for search costs, unemployment insurance, recessions, and investment in human capital. Journal: The Journal of Economic Education Pages: 300-308 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844921 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844921 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:300-308 Template-Type: ReDIF-Article 1.0 Author-Name: Roger W. Spencer Author-X-Name-First: Roger W. Author-X-Name-Last: Spencer Title: Monetary Policy at Work: Lessons from the FOMC Transcripts Abstract: The Federal Reserve FOMC meeting transcripts are used to show students how the Fed shapes monetary policy. The dialogue reveals much about the Fed as well as the concerns, views, and roles of the FOMC committee members. Journal: The Journal of Economic Education Pages: 309-322 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844922 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844922 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:309-322 Template-Type: ReDIF-Article 1.0 Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: Where Have All the Majors Gone? Abstract: The author introduces articles on the number of majors in economics that were presented at the January 1996 Allied Social Science Associations Meeting. Journal: The Journal of Economic Education Pages: 323-325 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844923 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:323-325 Template-Type: ReDIF-Article 1.0 Author-Name: Robert A. Margo Author-X-Name-First: Robert A. Author-X-Name-Last: Margo Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Long-Run Trends in Economics Bachelor's Degrees Abstract: Although shocks to the number of economics bachelor's degrees have persistent effects, the series eventuallv reverts to a stationarv mean, which has been about 2.2 percent of the bachelor's degrees in the United States from 1948 to 1993. Journal: The Journal of Economic Education Pages: 326-336 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844924 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844924 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:326-336 Template-Type: ReDIF-Article 1.0 Author-Name: Rachel A. Willis Author-X-Name-First: Rachel A. Author-X-Name-Last: Willis Author-Name: Paul J. Pieper Author-X-Name-First: Paul J. Author-X-Name-Last: Pieper Title: The Economics Major: A Cross-Sectional View Abstract: The decline in economics majors is explained by the coincidental decline in demand for business majors and the falling rate of return to majoring in economics. Journal: The Journal of Economic Education Pages: 337-349 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844925 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844925 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:337-349 Template-Type: ReDIF-Article 1.0 Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Author-Name: Carlie Eubanks Author-X-Name-First: Carlie Author-X-Name-Last: Eubanks Title: Accounting for the Rise and Fall in the Number of Economics Majors with the Discouraged-Business-Major Hypothesis Abstract: Between 1978 and 1994, the University of North Carolina at Chapel Hill experienced a cycle in the number of economics degrees it conferred that was more pronounced than that experienced nationally. A random sample of UNC economics majors between 1983 and 1994 showed that students screened out of the business curriculum made an economics major their second choice. Journal: The Journal of Economic Education Pages: 350-361 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844926 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844926 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:350-361 Template-Type: ReDIF-Article 1.0 Author-Name: David Brasfield Author-X-Name-First: David Author-X-Name-Last: Brasfield Author-Name: Dannie Harrison Author-X-Name-First: Dannie Author-X-Name-Last: Harrison Author-Name: James McCoy Author-X-Name-First: James Author-X-Name-Last: McCoy Author-Name: Martin Milkman Author-X-Name-First: Martin Author-X-Name-Last: Milkman Title: Why Have Some Schools Not Experienced a Decrease in the Percentage of Students Majoring in Economics? Abstract: Schools offering an economics minor or more economics electives appear to have been at less risk than those that do not. Economics departments that did not face competition from a business program also may have been at more risk of losing majors than those that had to compete with a business program. Journal: The Journal of Economic Education Pages: 362-370 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844927 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:362-370 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Recent Research on the Economics Major: Comment Abstract: A critical comment on what we do not know about the loss of economics majors. Journal: The Journal of Economic Education Pages: 371-375 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844928 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844928 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:371-375 Template-Type: ReDIF-Article 1.0 Author-Name: Cecilia A. Conrad Author-X-Name-First: Cecilia A. Author-X-Name-Last: Conrad Title: Where Have All the Majors Gone? Comment Abstract: A comment on the nature of students no longer majoring in economics. Journal: The Journal of Economic Education Pages: 376-378 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844929 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844929 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:376-378 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Hackett Author-X-Name-First: Steven Author-X-Name-Last: Hackett Title: Government and Business: The Economics of Antitrust and Regulation. by David Kaserman and John Mayo Journal: The Journal of Economic Education Pages: 379-380 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844930 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:379-380 Template-Type: ReDIF-Article 1.0 Author-Name: Cecilia Rouse Author-X-Name-First: Cecilia Author-X-Name-Last: Rouse Title: Race and Gender in the American Economy: Views from Across the Spectrum. by Susan F. Feiner Journal: The Journal of Economic Education Pages: 380-382 Issue: 4 Volume: 27 Year: 1996 Month: 10 X-DOI: 10.1080/00220485.1996.10844931 File-URL: http://hdl.handle.net/10.1080/00220485.1996.10844931 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:27:y:1996:i:4:p:380-382 Template-Type: ReDIF-Article 1.0 Author-Name: Clifford Nowell Author-X-Name-First: Clifford Author-X-Name-Last: Nowell Author-Name: Doug Laufer Author-X-Name-First: Doug Author-X-Name-Last: Laufer Title: Undergraduate Student Cheating in the Fields of Business and Economics Journal: The Journal of Economic Education Pages: 3-12 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595901 File-URL: http://hdl.handle.net/10.1080/00220489709595901 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:3-12 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin Greene Author-X-Name-First: Benjamin Author-X-Name-Last: Greene Title: Verbal Abilities, Gender, and the Introductory Economics Course: A New Look at an Old Assumption Journal: The Journal of Economic Education Pages: 13-30 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595902 File-URL: http://hdl.handle.net/10.1080/00220489709595902 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:13-30 Template-Type: ReDIF-Article 1.0 Author-Name: Jerome L. McElroy Author-X-Name-First: Jerome L. Author-X-Name-Last: McElroy Title: The Mentor Demonstration Model: Writing with Students in the Senior Economics Seminar Journal: The Journal of Economic Education Pages: 31-35 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595903 File-URL: http://hdl.handle.net/10.1080/00220489709595903 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:31-35 Template-Type: ReDIF-Article 1.0 Author-Name: Christian E. Weber Author-X-Name-First: Christian E. Author-X-Name-Last: Weber Title: The Case of a Giffen Good: Comment Journal: The Journal of Economic Education Pages: 36-44 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595904 File-URL: http://hdl.handle.net/10.1080/00220489709595904 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:36-44 Template-Type: ReDIF-Article 1.0 Author-Name: Uriel Spiegel Author-X-Name-First: Uriel Author-X-Name-Last: Spiegel Title: The Case of a Giffen Good: Reply Journal: The Journal of Economic Education Pages: 45-47 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595905 File-URL: http://hdl.handle.net/10.1080/00220489709595905 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:45-47 Template-Type: ReDIF-Article 1.0 Author-Name: Murray Fulton Author-X-Name-First: Murray Author-X-Name-Last: Fulton Title: A Graphical Analysis of the Cournot-Nash and Stackelberg Models Journal: The Journal of Economic Education Pages: 48-57 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595906 File-URL: http://hdl.handle.net/10.1080/00220489709595906 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:48-57 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher Udry Author-X-Name-First: Christopher Author-X-Name-Last: Udry Title: Recent Advances in Empirical Microeconomic Research in Poor Countries: An Annotated Bibliography Journal: The Journal of Economic Education Pages: 58-75 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595907 File-URL: http://hdl.handle.net/10.1080/00220489709595907 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:58-75 Template-Type: ReDIF-Article 1.0 Author-Name: Terry L. Olson Author-X-Name-First: Terry L. Author-X-Name-Last: Olson Title: Construction of Consumption Possibility Frontiers in Principles Textbooks Journal: The Journal of Economic Education Pages: 76-81 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595908 File-URL: http://hdl.handle.net/10.1080/00220489709595908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:76-81 Template-Type: ReDIF-Article 1.0 Author-Name: Paul W. Grimes Author-X-Name-First: Paul W. Author-X-Name-Last: Grimes Author-Name: Charles A. Register Author-X-Name-First: Charles A. Author-X-Name-Last: Register Title: Career Publications and Academic Job Rank: Evidence from the Class of 1968 Journal: The Journal of Economic Education Pages: 82-92 Issue: 1 Volume: 28 Year: 1997 Month: 3 X-DOI: 10.1080/00220489709595909 File-URL: http://hdl.handle.net/10.1080/00220489709595909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:1:p:82-92 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Highsmith Author-X-Name-First: Robert Author-X-Name-Last: Highsmith Title: New Research in Precollege Economic Education Journal: The Journal of Economic Education Pages: 99-99 Issue: 2 Volume: 28 Year: 1997 Month: 1 X-DOI: 10.1080/00220489709595911 File-URL: http://hdl.handle.net/10.1080/00220489709595911 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:99-99 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Author-Name: James Dick Author-X-Name-First: James Author-X-Name-Last: Dick Author-Name: Mary Lynn Reiser Author-X-Name-First: Mary Lynn Author-X-Name-Last: Reiser Title: Determinants of Achievement of Economics Concepts by Elementary School Students Journal: The Journal of Economic Education Pages: 100-121 Issue: 2 Volume: 28 Year: 1997 Month: 1 X-DOI: 10.1080/00220489709595912 File-URL: http://hdl.handle.net/10.1080/00220489709595912 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:100-121 Template-Type: ReDIF-Article 1.0 Author-Name: Robert B. Harris Author-X-Name-First: Robert B. Author-X-Name-Last: Harris Author-Name: William C. Kerby Author-X-Name-First: William C. Author-X-Name-Last: Kerby Title: Statewide Performance Assessment as a Complement to Multiple-Choice Testing in High School Economics Journal: The Journal of Economic Education Pages: 122-134 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595913 File-URL: http://hdl.handle.net/10.1080/00220489709595913 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:122-134 Template-Type: ReDIF-Article 1.0 Author-Name: Claire Melican Author-X-Name-First: Claire Author-X-Name-Last: Melican Author-Name: Fekru Debebe Author-X-Name-First: Fekru Author-X-Name-Last: Debebe Author-Name: Rick Morgan Author-X-Name-First: Rick Author-X-Name-Last: Morgan Title: Comparing AP and College Student Learning of Economics Journal: The Journal of Economic Education Pages: 135-142 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595914 File-URL: http://hdl.handle.net/10.1080/00220489709595914 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:135-142 Template-Type: ReDIF-Article 1.0 Author-Name: Jane S. Lopus Author-X-Name-First: Jane S. Author-X-Name-Last: Lopus Title: Effects of the High School Economics Curriculum on Learning in the College Principles Class Journal: The Journal of Economic Education Pages: 143-153 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595915 File-URL: http://hdl.handle.net/10.1080/00220489709595915 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:143-153 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Denise Robson Author-X-Name-First: Denise Author-X-Name-Last: Robson Title: Differential Item Functioning and Male-Female Differences on Multiple-Choice Tests in Economics Journal: The Journal of Economic Education Pages: 155-171 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595917 File-URL: http://hdl.handle.net/10.1080/00220489709595917 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:155-171 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew T. Williams Author-X-Name-First: Andrew T. Author-X-Name-Last: Williams Title: Estimating the Cost to Consumers of the U.S. Sugar Quota: An Exercise for Introductory Economics Classes Journal: The Journal of Economic Education Pages: 173-181 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595918 File-URL: http://hdl.handle.net/10.1080/00220489709595918 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:173-181 Template-Type: ReDIF-Article 1.0 Author-Name: Cynthia Benzing Author-X-Name-First: Cynthia Author-X-Name-Last: Benzing Author-Name: Paul Christ Author-X-Name-First: Paul Author-X-Name-Last: Christ Title: A Survey of Teaching Methods Among Economics Faculty Journal: The Journal of Economic Education Pages: 182-188 Issue: 2 Volume: 28 Year: 1997 Month: 6 X-DOI: 10.1080/00220489709595919 File-URL: http://hdl.handle.net/10.1080/00220489709595919 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:2:p:182-188 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: The Effect of Economic Knowledge on Public Opinion of Economic Issues Journal: The Journal of Economic Education Pages: 195-205 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596744 File-URL: http://hdl.handle.net/10.1080/00220489709596744 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:195-205 Template-Type: ReDIF-Article 1.0 Author-Name: Harlan M. Smith Author-X-Name-First: Harlan M. Author-X-Name-Last: Smith Title: Introducing Students to the Competing Schools of Thought in Intermediate Macroeconomics Journal: The Journal of Economic Education Pages: 206-221 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596745 File-URL: http://hdl.handle.net/10.1080/00220489709596745 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:206-221 Template-Type: ReDIF-Article 1.0 Author-Name: Fred C. White Author-X-Name-First: Fred C. Author-X-Name-Last: White Title: An Interactive Learning System for the Economic Analysis of Public Policies Journal: The Journal of Economic Education Pages: 222-229 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596746 File-URL: http://hdl.handle.net/10.1080/00220489709596746 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:222-229 Template-Type: ReDIF-Article 1.0 Author-Name: William D. A. Bryant Author-X-Name-First: William D. A. Author-X-Name-Last: Bryant Title: Conditions for the Existence of Market Equilibrium Journal: The Journal of Economic Education Pages: 230-254 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596747 File-URL: http://hdl.handle.net/10.1080/00220489709596747 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:230-254 Template-Type: ReDIF-Article 1.0 Author-Name: Myra H. Strober Author-X-Name-First: Myra H. Author-X-Name-Last: Strober Author-Name: Allen Cook Author-X-Name-First: Allen Author-X-Name-Last: Cook Author-Name: Kasi Allen Fuller Author-X-Name-First: Kasi Allen Author-X-Name-Last: Fuller Title: Making and Correcting Errors in Student Economic Analyses: An Examination of Videotapes Journal: The Journal of Economic Education Pages: 255-271 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596748 File-URL: http://hdl.handle.net/10.1080/00220489709596748 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:255-271 Template-Type: ReDIF-Article 1.0 Author-Name: David A. Huettner Author-X-Name-First: David A. Author-X-Name-Last: Huettner Author-Name: William Clark Author-X-Name-First: William Author-X-Name-Last: Clark Title: Comparative Research Productivity Measures for Economics Departments Journal: The Journal of Economic Education Pages: 272-278 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596749 File-URL: http://hdl.handle.net/10.1080/00220489709596749 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:272-278 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees: An Update Journal: The Journal of Economic Education Pages: 279-282 Issue: 3 Volume: 28 Year: 1997 Month: 9 X-DOI: 10.1080/00220489709596750 File-URL: http://hdl.handle.net/10.1080/00220489709596750 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:3:p:279-282 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Gremmen Author-X-Name-First: Hans Author-X-Name-Last: Gremmen Author-Name: Jan Potters Author-X-Name-First: Jan Author-X-Name-Last: Potters Title: Assessing the Efficacy of Gaming in Economic Education Journal: The Journal of Economic Education Pages: 291-303 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597934 File-URL: http://hdl.handle.net/10.1080/00220489709597934 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:291-303 Template-Type: ReDIF-Article 1.0 Author-Name: Mark S. Walbert Author-X-Name-First: Mark S. Author-X-Name-Last: Walbert Author-Name: Anthony L. Ostrosky Author-X-Name-First: Anthony L. Author-X-Name-Last: Ostrosky Title: Using Mathcad to Teach Undergraduate Mathematical Economics Journal: The Journal of Economic Education Pages: 304-315 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597935 File-URL: http://hdl.handle.net/10.1080/00220489709597935 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:304-315 Template-Type: ReDIF-Article 1.0 Author-Name: A. Ross Shepherd Author-X-Name-First: A. Ross Author-X-Name-Last: Shepherd Author-Name: John F. McDonald Author-X-Name-First: John F. Author-X-Name-Last: McDonald Title: Rent Control with Rent Discrimination Revisited Journal: The Journal of Economic Education Pages: 316-322 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597936 File-URL: http://hdl.handle.net/10.1080/00220489709597936 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:316-322 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Bodenhorn Author-X-Name-First: Howard Author-X-Name-Last: Bodenhorn Title: Teachers, and Scholars Too: Economic Scholarship at Elite Liberal Arts Colleges Abstract: And so, in my view of the good teacher, almost invariably he will engage in research.... Then his standards of intellectual performance are maintained by the critical scrutiny of his fellows. The teacher who does not publish must have the conscience of a saint if he is not to take things easy: to pontificate instead of to reason; to conjecture rather than to know. (Stigler 1963, 15) Journal: The Journal of Economic Education Pages: 323-336 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597937 File-URL: http://hdl.handle.net/10.1080/00220489709597937 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:323-336 Template-Type: ReDIF-Article 1.0 Author-Name: James E. Hartley Author-X-Name-First: James E. Author-X-Name-Last: Hartley Author-Name: Michael D. Robinson Author-X-Name-First: Michael D. Author-X-Name-Last: Robinson Title: Economic Research at National Liberal Arts Colleges: School Rankings Journal: The Journal of Economic Education Pages: 337-349 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597938 File-URL: http://hdl.handle.net/10.1080/00220489709597938 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:337-349 Template-Type: ReDIF-Article 1.0 Author-Name: Karen E. Dynan Author-X-Name-First: Karen E. Author-X-Name-Last: Dynan Author-Name: Cecilia Elena Rouse Author-X-Name-First: Cecilia Elena Author-X-Name-Last: Rouse Title: The Underrepresentation of Women in Economics: A Study of Undergraduate Economics Students Journal: The Journal of Economic Education Pages: 350-368 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597939 File-URL: http://hdl.handle.net/10.1080/00220489709597939 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:350-368 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy J. Burnett Author-X-Name-First: Nancy J. Author-X-Name-Last: Burnett Title: Gender Economics Courses in Liberal Arts Colleges Abstract: Gender has become a "hot" research topic in recent years and has begun making its way into the classroom (Conrad 1992). Interest in gender issues has spread, but only a small proportion of economics departments beyond the few top national liberal arts colleges include courses in gender economics. This article presents a simultaneous probit model of gender-related economics courses as well as women's studies programs in the undergraduate, liberal arts curriculum. Liberal arts colleges are often perceived to be in the forefront of undergraduate pedagogy. I restricted the study to these colleges to avoid, as much as possible, the complications created by graduate programs. Liberal arts colleges are generally private and not subject to state mandates. Journal: The Journal of Economic Education Pages: 369-376 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597940 File-URL: http://hdl.handle.net/10.1080/00220489709597940 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:369-376 Template-Type: ReDIF-Article 1.0 Author-Name: Edward K. Zajicek Author-X-Name-First: Edward K. Author-X-Name-Last: Zajicek Author-Name: Todd P. Steen Author-X-Name-First: Todd P. Author-X-Name-Last: Steen Author-Name: S. Ryszard Domański Author-X-Name-First: S. Ryszard Author-X-Name-Last: Domański Title: The Reform of Higher Economic Education in Poland Abstract: Economic reforms in Poland have created new challenges and opportunities for the economics profession. After decades of economic isolation, the country is striving to integrate into both the world's markets and the mainstream of economic thinking. The quickly transforming economic environment creates a sense of urgency to prepare a new cadre of economists trained in market systems. This requires not only a complete restructuring of the entire economic and business curricula at universities but also new social studies programs at high schools and continuing education opportunities for businesspeople. The success of the economic education program should have a long-reaching, positive impact on the economy and its transformation. Journal: The Journal of Economic Education Pages: 377-382 Issue: 4 Volume: 28 Year: 1997 Month: 12 X-DOI: 10.1080/00220489709597941 File-URL: http://hdl.handle.net/10.1080/00220489709597941 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:28:y:1997:i:4:p:377-382 Template-Type: ReDIF-Article 1.0 Author-Name: John F. Chizmar Author-X-Name-First: John F. Author-X-Name-Last: Chizmar Author-Name: Anthony L. Ostrosky Author-X-Name-First: Anthony L. Author-X-Name-Last: Ostrosky Title: The One-Minute Paper: Some Empirical Findings Journal: The Journal of Economic Education Pages: 3-10 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596436 File-URL: http://hdl.handle.net/10.1080/00220489809596436 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:3-10 Template-Type: ReDIF-Article 1.0 Author-Name: Stuart Birks Author-X-Name-First: Stuart Author-X-Name-Last: Birks Author-Name: Maureen J. Lage Author-X-Name-First: Maureen J. Author-X-Name-Last: Lage Author-Name: Michael Treglia Author-X-Name-First: Michael Author-X-Name-Last: Treglia Title: Comment and Reply on "The Impact of Integrating Scholarship on Women into Introductory Economics" Journal: The Journal of Economic Education Pages: 11-13 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596437 File-URL: http://hdl.handle.net/10.1080/00220489809596437 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:11-13 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Holahan Author-X-Name-First: William L. Author-X-Name-Last: Holahan Title: Getting Tough on Crime: Exercises in Unusual Indifference Curves Journal: The Journal of Economic Education Pages: 14-22 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596438 File-URL: http://hdl.handle.net/10.1080/00220489809596438 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:14-22 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew J. Yates Author-X-Name-First: Andrew J. Author-X-Name-Last: Yates Title: The Equal Marginal Value Principle: A Graphical Analysis with Environmental Applications Journal: The Journal of Economic Education Pages: 23-31 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596439 File-URL: http://hdl.handle.net/10.1080/00220489809596439 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:23-31 Template-Type: ReDIF-Article 1.0 Author-Name: John B. Egger Author-X-Name-First: John B. Author-X-Name-Last: Egger Title: Clarifying and Teaching Bohm-Bawerk's "Marginal Pairs" Journal: The Journal of Economic Education Pages: 32-40 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596440 File-URL: http://hdl.handle.net/10.1080/00220489809596440 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:32-40 Template-Type: ReDIF-Article 1.0 Author-Name: Björn Frank Author-X-Name-First: Björn Author-X-Name-Last: Frank Title: Making Economics Exciting by Constructing a Quasi-Debate: The Samuelson-Minasian Controversy Journal: The Journal of Economic Education Pages: 41-46 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596441 File-URL: http://hdl.handle.net/10.1080/00220489809596441 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:41-46 Template-Type: ReDIF-Article 1.0 Author-Name: Arthur C. Mead Author-X-Name-First: Arthur C. Author-X-Name-Last: Mead Title: Algebra and Social Security: A Perfect Fit Journal: The Journal of Economic Education Pages: 47-53 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596442 File-URL: http://hdl.handle.net/10.1080/00220489809596442 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:47-53 Template-Type: ReDIF-Article 1.0 Author-Name: Dale R. Deboer Author-X-Name-First: Dale R. Author-X-Name-Last: Deboer Title: The Business-Plan Approach to Introductory Microeconomics Journal: The Journal of Economic Education Pages: 54-64 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596443 File-URL: http://hdl.handle.net/10.1080/00220489809596443 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:54-64 Template-Type: ReDIF-Article 1.0 Author-Name: Robert E. Kohn Author-X-Name-First: Robert E. Author-X-Name-Last: Kohn Author-Name: Gjermund Vaage Author-X-Name-First: Gjermund Author-X-Name-Last: Vaage Title: Factor Dominance and Long-Run Equilibrium Scale Journal: The Journal of Economic Education Pages: 65-71 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596444 File-URL: http://hdl.handle.net/10.1080/00220489809596444 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:65-71 Template-Type: ReDIF-Article 1.0 Author-Name: Jerry Evensky Author-X-Name-First: Jerry Author-X-Name-Last: Evensky Author-Name: Michael Wells Author-X-Name-First: Michael Author-X-Name-Last: Wells Title: Making a Series of Courses into a Program: A Case Study in Curriculum Development Journal: The Journal of Economic Education Pages: 72-80 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596445 File-URL: http://hdl.handle.net/10.1080/00220489809596445 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:72-80 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Gregorowicz Author-X-Name-First: Philip Author-X-Name-Last: Gregorowicz Author-Name: Charles E. Hegji Author-X-Name-First: Charles E. Author-X-Name-Last: Hegji Title: Economics in the MBA Curriculum: Some Preliminary Survey Results Journal: The Journal of Economic Education Pages: 81-87 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596446 File-URL: http://hdl.handle.net/10.1080/00220489809596446 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:81-87 Template-Type: ReDIF-Article 1.0 Author-Name: Stefka Koeva Author-X-Name-First: Stefka Author-X-Name-Last: Koeva Author-Name: Ivona Yakimova Author-X-Name-First: Ivona Author-X-Name-Last: Yakimova Title: Transforming Economics Teaching in Bulgaria: A Difficult Transition Journal: The Journal of Economic Education Pages: 88-92 Issue: 1 Volume: 29 Year: 1998 Month: 3 X-DOI: 10.1080/00220489809596447 File-URL: http://hdl.handle.net/10.1080/00220489809596447 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:1:p:88-92 Template-Type: ReDIF-Article 1.0 Author-Name: Rajshree Agarwal Author-X-Name-First: Rajshree Author-X-Name-Last: Agarwal Author-Name: A. Edward Day Author-X-Name-First: A. Edward Author-X-Name-Last: Day Title: The Impact of the Internet on Economic Education Abstract: Use of the Internet in economic pedagogy is growing, but it has not received much attention in the economic education literature. Almost no studies have measured the impact of using Internet technology on student learning and retention, perceptions of instructor effectiveness, and changes in attitudes toward economics. We report the results from classroom experiments that tested the influence of Internet use on economic education. Using Internet resources to enhance economic courses has two principal advantages for students. First, these resources offer a new medium of interaction that complements classroom instruction and facilitates learning. Second, they offer students the opportunity to learn and use Internet technology and yield positive externalities for future academic and career paths. Journal: The Journal of Economic Education Pages: 99-110 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597943 File-URL: http://hdl.handle.net/10.1080/00220489809597943 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:99-110 Template-Type: ReDIF-Article 1.0 Author-Name: David A. Hennessy Author-X-Name-First: David A. Author-X-Name-Last: Hennessy Title: Technology Adoption and Welfare under a Monopoly: An Illustration of Microeconomic Policy Analysis Journal: The Journal of Economic Education Pages: 111-117 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597944 File-URL: http://hdl.handle.net/10.1080/00220489809597944 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:111-117 Template-Type: ReDIF-Article 1.0 Author-Name: Jyotirmoy Sarkar Author-X-Name-First: Jyotirmoy Author-X-Name-Last: Sarkar Author-Name: Barnali Gupta Author-X-Name-First: Barnali Author-X-Name-Last: Gupta Author-Name: Debashis Pal Author-X-Name-First: Debashis Author-X-Name-Last: Pal Title: A Geometric Solution of a Cournot Oligopoly with Nonidentical Firms Journal: The Journal of Economic Education Pages: 118-126 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597945 File-URL: http://hdl.handle.net/10.1080/00220489809597945 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:118-126 Template-Type: ReDIF-Article 1.0 Author-Name: James Stodder Author-X-Name-First: James Author-X-Name-Last: Stodder Title: Experimental Moralities: Ethics in Classroom Experiments Journal: The Journal of Economic Education Pages: 127-138 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597946 File-URL: http://hdl.handle.net/10.1080/00220489809597946 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:127-138 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Author-Name: Bonnie T. Meszaros Author-X-Name-First: Bonnie T. Author-X-Name-Last: Meszaros Title: Voluntary Economics Content Standards for America's Schools: Rationale and Development Journal: The Journal of Economic Education Pages: 139-149 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597947 File-URL: http://hdl.handle.net/10.1080/00220489809597947 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:139-149 Template-Type: ReDIF-Article 1.0 Author-Name: W. Lee Hansen Author-X-Name-First: W. Lee Author-X-Name-Last: Hansen Title: Principles-Based Standards: On the Voluntary National Content Standards in Economics Abstract: The coalition of organizations and, in particular, the individuals charged with developing the national voluntary content standards in economics deserve our collective praise. Thanks to the writing committee, the process of composing and agreeing on the standards proceeded smoothly and swiftly. The result: the National Council on Economic Education's (NCEE 1977) newly published volume, Voluntary National Content Standards in Economics. This report should go a long way toward sharpening the focus, elevating the quality, and expanding the reach of economic education in the K-12 grades. Journal: The Journal of Economic Education Pages: 150-156 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597948 File-URL: http://hdl.handle.net/10.1080/00220489809597948 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:150-156 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Buckles Author-X-Name-First: Stephen Author-X-Name-Last: Buckles Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: National Standards in Economics, History, Social Studies, Civics, and Geography: Complementarities, Competition, or Peaceful Coexistence? Journal: The Journal of Economic Education Pages: 157-166 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597949 File-URL: http://hdl.handle.net/10.1080/00220489809597949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:157-166 Template-Type: ReDIF-Article 1.0 Author-Name: Cecilia A. Conrad Author-X-Name-First: Cecilia A. Author-X-Name-Last: Conrad Title: National Standards or Economic Imperialism? Journal: The Journal of Economic Education Pages: 167-169 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597950 File-URL: http://hdl.handle.net/10.1080/00220489809597950 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:167-169 Template-Type: ReDIF-Article 1.0 Author-Name: John H. Bishop Author-X-Name-First: John H. Author-X-Name-Last: Bishop Title: The Effect of Curriculum-Based External Exit Exam Systems on Student Achievement Abstract: Two presidents, the National Governors Association, and numerous blue-ribbon panels have called for the development of state or national content standards for core subjects and examinations that assess student achievement of these standards. The Competitiveness Policy Council (1993, 30), for example, advocated that "external assessments be given to individual students at the secondary level and that the results should be a major but not exclusive factor qualifying for college and better jobs at better wages." It is claimed that curriculum-based external exit exam systems (CBEEESs) based on explicit content standards will improve the teaching and learning of core subjects. What evidence is there for this claim? Outside the United States, such systems are the rule, not the exception. What impacts have such systems had on school policies, teaching, and student learning? Journal: The Journal of Economic Education Pages: 171-182 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597951 File-URL: http://hdl.handle.net/10.1080/00220489809597951 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:171-182 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Standards and Testing: Another View Journal: The Journal of Economic Education Pages: 183-186 Issue: 2 Volume: 29 Year: 1998 Month: 6 X-DOI: 10.1080/00220489809597952 File-URL: http://hdl.handle.net/10.1080/00220489809597952 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:2:p:183-186 Template-Type: ReDIF-Article 1.0 Author-Name: Ellen Miller Author-X-Name-First: Ellen Author-X-Name-Last: Miller Author-Name: Geraldine Westmoreland Author-X-Name-First: Geraldine Author-X-Name-Last: Westmoreland Title: Student Response to Selective Grading in College Economics Courses Journal: The Journal of Economic Education Pages: 195-201 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597645 File-URL: http://hdl.handle.net/10.1080/00220489809597645 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:195-201 Template-Type: ReDIF-Article 1.0 Author-Name: James A. Yunker Author-X-Name-First: James A. Author-X-Name-Last: Yunker Title: General Equilibrium in a Nutshell: An Explicit Function Example Journal: The Journal of Economic Education Pages: 202-211 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597646 File-URL: http://hdl.handle.net/10.1080/00220489809597646 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:202-211 Template-Type: ReDIF-Article 1.0 Author-Name: Renya Reed Wasson Author-X-Name-First: Renya Reed Author-X-Name-Last: Wasson Title: Guidelines for a Classroom Presentation on Homelessness: A Demand and Supply Curve Analysis Journal: The Journal of Economic Education Pages: 212-226 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597647 File-URL: http://hdl.handle.net/10.1080/00220489809597647 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:212-226 Template-Type: ReDIF-Article 1.0 Author-Name: David W. Boyd Author-X-Name-First: David W. Author-X-Name-Last: Boyd Title: On the Use of Symbolic Computation in Undergraduate Microeconomics Instruction Journal: The Journal of Economic Education Pages: 227-246 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597648 File-URL: http://hdl.handle.net/10.1080/00220489809597648 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:227-246 Template-Type: ReDIF-Article 1.0 Author-Name: Jane H. Leuthold Author-X-Name-First: Jane H. Author-X-Name-Last: Leuthold Title: Building a Homepage for Your Economics Class Journal: The Journal of Economic Education Pages: 247-261 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597649 File-URL: http://hdl.handle.net/10.1080/00220489809597649 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:247-261 Template-Type: ReDIF-Article 1.0 Author-Name: Dean Peterson Author-X-Name-First: Dean Author-X-Name-Last: Peterson Author-Name: John C. Bean Author-X-Name-First: John C. Author-X-Name-Last: Bean Title: Using a Conceptual Matrix to Organize a Course in the History of Economic Thought Journal: The Journal of Economic Education Pages: 262-273 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597650 File-URL: http://hdl.handle.net/10.1080/00220489809597650 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:262-273 Template-Type: ReDIF-Article 1.0 Author-Name: Robert B. Ekelund Author-X-Name-First: Robert B. Author-X-Name-Last: Ekelund Author-Name: Robert F. Hébert Author-X-Name-First: Robert F. Author-X-Name-Last: Hébert Title: Critical Thinking: Some Problems with the Matrix Method Journal: The Journal of Economic Education Pages: 274-276 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597651 File-URL: http://hdl.handle.net/10.1080/00220489809597651 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:274-276 Template-Type: ReDIF-Article 1.0 Author-Name: Peter von Allmen Author-X-Name-First: Peter Author-X-Name-Last: von Allmen Author-Name: George Brower Author-X-Name-First: George Author-X-Name-Last: Brower Title: Calculus and the Teaching of Intermediate Microeconomics: Results from a Survey Journal: The Journal of Economic Education Pages: 277-284 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597652 File-URL: http://hdl.handle.net/10.1080/00220489809597652 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:277-284 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees: A 1996--97 Update Journal: The Journal of Economic Education Pages: 285-288 Issue: 3 Volume: 29 Year: 1998 Month: 9 X-DOI: 10.1080/00220489809597653 File-URL: http://hdl.handle.net/10.1080/00220489809597653 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:3:p:285-288 Template-Type: ReDIF-Article 1.0 Author-Name: William H. Greene Author-X-Name-First: William H. Author-X-Name-Last: Greene Title: Gender Economics Courses in Liberal Arts Colleges: Further Results Journal: The Journal of Economic Education Pages: 291-300 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595921 File-URL: http://hdl.handle.net/10.1080/00220489809595921 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:291-300 Template-Type: ReDIF-Article 1.0 Author-Name: Joni Hersch Author-X-Name-First: Joni Author-X-Name-Last: Hersch Author-Name: W. Kip Viscusi Author-X-Name-First: W. Kip Author-X-Name-Last: Viscusi Title: The Courtroom Comes to the Classroom: Estimating Economic Damages as an Instructional Device Journal: The Journal of Economic Education Pages: 301-311 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595922 File-URL: http://hdl.handle.net/10.1080/00220489809595922 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:301-311 Template-Type: ReDIF-Article 1.0 Author-Name: Donald Elliott Author-X-Name-First: Donald Author-X-Name-Last: Elliott Author-Name: John Meisel Author-X-Name-First: John Author-X-Name-Last: Meisel Author-Name: Warren Richards Author-X-Name-First: Warren Author-X-Name-Last: Richards Title: The Senior Project: Using the Literature of Distinguished Economists Journal: The Journal of Economic Education Pages: 312-320 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595923 File-URL: http://hdl.handle.net/10.1080/00220489809595923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:312-320 Template-Type: ReDIF-Article 1.0 Author-Name: Robert L. Moore Author-X-Name-First: Robert L. Author-X-Name-Last: Moore Title: Teaching Introductory Economics With a Collaborative Learning Lab Component Journal: The Journal of Economic Education Pages: 321-329 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595924 File-URL: http://hdl.handle.net/10.1080/00220489809595924 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:321-329 Template-Type: ReDIF-Article 1.0 Author-Name: Donna M. Kish-goodling Author-X-Name-First: Donna M. Author-X-Name-Last: Kish-goodling Title: Using The Merchant of Venice in Teaching Monetary Economics Journal: The Journal of Economic Education Pages: 330-339 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595925 File-URL: http://hdl.handle.net/10.1080/00220489809595925 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:330-339 Template-Type: ReDIF-Article 1.0 Author-Name: Edward M. Scahill Author-X-Name-First: Edward M. Author-X-Name-Last: Scahill Title: A Connecticut Yankee in Estonia Journal: The Journal of Economic Education Pages: 340-346 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595926 File-URL: http://hdl.handle.net/10.1080/00220489809595926 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:340-346 Template-Type: ReDIF-Article 1.0 Author-Name: Donghyun Park Author-X-Name-First: Donghyun Author-X-Name-Last: Park Title: The Meaning of Competition: A Graphical Exposition Journal: The Journal of Economic Education Pages: 347-357 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595927 File-URL: http://hdl.handle.net/10.1080/00220489809595927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:347-357 Template-Type: ReDIF-Article 1.0 Author-Name: S. Kirk Elwood Author-X-Name-First: S. Kirk Author-X-Name-Last: Elwood Author-Name: T. Windsor Fields Author-X-Name-First: T. Windsor Author-X-Name-Last: Fields Title: Does the International Substitution Effect Help Explain the Slope of the Aggregate Demand Curve? Journal: The Journal of Economic Education Pages: 358-364 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595928 File-URL: http://hdl.handle.net/10.1080/00220489809595928 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:358-364 Template-Type: ReDIF-Article 1.0 Author-Name: Kimmarie McGoldrick Author-X-Name-First: Kimmarie Author-X-Name-Last: McGoldrick Title: Service-Learning in Economics: A Detailed Application Journal: The Journal of Economic Education Pages: 365-376 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595929 File-URL: http://hdl.handle.net/10.1080/00220489809595929 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:365-376 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Nieswiadomy Author-X-Name-First: Michael Author-X-Name-Last: Nieswiadomy Title: LSAT Scores of Economics Majors Journal: The Journal of Economic Education Pages: 377-379 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595930 File-URL: http://hdl.handle.net/10.1080/00220489809595930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:377-379 Template-Type: ReDIF-Article 1.0 Author-Name: Cecilia A. Conrad Author-X-Name-First: Cecilia A. Author-X-Name-Last: Conrad Title: William B. Walstad and Phillip Saunders, eds. Teaching Undergraduate Economics: A Handbook for Instructors. New York: Irwin/McGraw-Hill, 1998. x + 368 pp Journal: The Journal of Economic Education Pages: 380-382 Issue: 4 Volume: 29 Year: 1998 Month: 1 X-DOI: 10.1080/00220489809595931 File-URL: http://hdl.handle.net/10.1080/00220489809595931 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:29:y:1998:i:4:p:380-382 Template-Type: ReDIF-Article 1.0 Author-Name: Roberta Edgecombe Robb Author-X-Name-First: Roberta Edgecombe Author-X-Name-Last: Robb Author-Name: A. Leslie Robb Author-X-Name-First: A. Leslie Author-X-Name-Last: Robb Title: Gender and the Study of Economics: The Role of Gender of the Instructor Journal: The Journal of Economic Education Pages: 3-19 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595933 File-URL: http://hdl.handle.net/10.1080/00220489909595933 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:3-19 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan B. Wight Author-X-Name-First: Jonathan B. Author-X-Name-Last: Wight Title: Using Electronic Data Tools in Writing Assignments Journal: The Journal of Economic Education Pages: 21-27 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595934 File-URL: http://hdl.handle.net/10.1080/00220489909595934 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:21-27 Template-Type: ReDIF-Article 1.0 Author-Name: George Bredon Author-X-Name-First: George Author-X-Name-Last: Bredon Title: Net News—Old Wine in a New Bottle? Journal: The Journal of Economic Education Pages: 28-32 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595935 File-URL: http://hdl.handle.net/10.1080/00220489909595935 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:28-32 Template-Type: ReDIF-Article 1.0 Author-Name: Steven A. Greenlaw Author-X-Name-First: Steven A. Author-X-Name-Last: Greenlaw Title: Using Groupware to Enhance Teaching and Learning in Undergraduate Economics Journal: The Journal of Economic Education Pages: 33-42 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595936 File-URL: http://hdl.handle.net/10.1080/00220489909595936 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:33-42 Template-Type: ReDIF-Article 1.0 Author-Name: Donald W. Swanton Author-X-Name-First: Donald W. Author-X-Name-Last: Swanton Title: Teaching Fisher's Theory of Interest in a Simple Auction Setting Journal: The Journal of Economic Education Pages: 43-51 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595937 File-URL: http://hdl.handle.net/10.1080/00220489909595937 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:43-51 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Carlson Author-X-Name-First: William L. Author-X-Name-Last: Carlson Title: A Case Method for Teaching Statistics Journal: The Journal of Economic Education Pages: 52-58 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595938 File-URL: http://hdl.handle.net/10.1080/00220489909595938 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:52-58 Template-Type: ReDIF-Article 1.0 Author-Name: Tung Liu Author-X-Name-First: Tung Author-X-Name-Last: Liu Author-Name: Courtenay C. Stone Author-X-Name-First: Courtenay C. Author-X-Name-Last: Stone Title: A Critique of One-Tailed Hypothesis Test Procedures in Business and Economics Statistics Textbooks Journal: The Journal of Economic Education Pages: 59-63 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595939 File-URL: http://hdl.handle.net/10.1080/00220489909595939 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:59-63 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Shmanske Author-X-Name-First: Stephen Author-X-Name-Last: Shmanske Author-Name: Daniel Packey Author-X-Name-First: Daniel Author-X-Name-Last: Packey Title: Lumpy Demand and the Diagrammatics of Aggregation Journal: The Journal of Economic Education Pages: 64-74 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595940 File-URL: http://hdl.handle.net/10.1080/00220489909595940 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:64-74 Template-Type: ReDIF-Article 1.0 Author-Name: Eugene Silberberg Author-X-Name-First: Eugene Author-X-Name-Last: Silberberg Title: The Viner--Wong Envelope Theorem Journal: The Journal of Economic Education Pages: 75-79 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595941 File-URL: http://hdl.handle.net/10.1080/00220489909595941 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:75-79 Template-Type: ReDIF-Article 1.0 Author-Name: Paul J. Pieper Author-X-Name-First: Paul J. Author-X-Name-Last: Pieper Author-Name: Rachel A. Willis Author-X-Name-First: Rachel A. Author-X-Name-Last: Willis Title: The Doctoral Origins of Economics Faculty and the Education of New Economics Doctorates Journal: The Journal of Economic Education Pages: 80-88 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595942 File-URL: http://hdl.handle.net/10.1080/00220489909595942 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:80-88 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Peter Kennedy, A Guide to Econometrics. 4th ed. Cambridge: MIT Press, 1998. xii + 468 pp Journal: The Journal of Economic Education Pages: 89-90 Issue: 1 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595943 File-URL: http://hdl.handle.net/10.1080/00220489909595943 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:1:p:89-90 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Oberhofer Author-X-Name-First: Tom Author-X-Name-Last: Oberhofer Title: Role Playing in the History of Economic Thought Journal: The Journal of Economic Education Pages: 112-118 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595947 File-URL: http://hdl.handle.net/10.1080/00220489909595947 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:112-118 Template-Type: ReDIF-Article 1.0 Author-Name: Pamela E. Lowry Author-X-Name-First: Pamela E. Author-X-Name-Last: Lowry Title: Model GATT: A Role-Playing Simulation Course Journal: The Journal of Economic Education Pages: 119-126 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595948 File-URL: http://hdl.handle.net/10.1080/00220489909595948 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:119-126 Template-Type: ReDIF-Article 1.0 Author-Name: Dave Alden Author-X-Name-First: Dave Author-X-Name-Last: Alden Title: Experience with Scripted Role Play in Environmental Economics Journal: The Journal of Economic Education Pages: 127-132 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595949 File-URL: http://hdl.handle.net/10.1080/00220489909595949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:127-132 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory A. Trandel Author-X-Name-First: Gregory A. Author-X-Name-Last: Trandel Title: Using a TV Game Show to Explain the Concept of a Dominant Strategy Journal: The Journal of Economic Education Pages: 133-140 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595950 File-URL: http://hdl.handle.net/10.1080/00220489909595950 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:133-140 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: Patricia L. Ryan Author-X-Name-First: Patricia L. Author-X-Name-Last: Ryan Author-Name: Robert G. Houston Author-X-Name-First: Robert G. Author-X-Name-Last: Houston Title: The Paper River: A Demonstration of Externalities and Coase's Theorem Journal: The Journal of Economic Education Pages: 141-147 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595951 File-URL: http://hdl.handle.net/10.1080/00220489909595951 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:141-147 Template-Type: ReDIF-Article 1.0 Author-Name: Arnold Katz Author-X-Name-First: Arnold Author-X-Name-Last: Katz Title: A Computer-Aided Exercise for Checking Novices' Understanding of Market Equilibrium Changes Journal: The Journal of Economic Education Pages: 148-162 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595952 File-URL: http://hdl.handle.net/10.1080/00220489909595952 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:148-162 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph I. Daniel Author-X-Name-First: Joseph I. Author-X-Name-Last: Daniel Title: Computer-Aided Instruction on the World Wide Web: The Third Generation Journal: The Journal of Economic Education Pages: 163-174 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595953 File-URL: http://hdl.handle.net/10.1080/00220489909595953 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:163-174 Template-Type: ReDIF-Article 1.0 Author-Name: Raymond Jackson Author-X-Name-First: Raymond Author-X-Name-Last: Jackson Title: Identifying Voucher Plans without Welfare Losses Journal: The Journal of Economic Education Pages: 175-183 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595954 File-URL: http://hdl.handle.net/10.1080/00220489909595954 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:175-183 Template-Type: ReDIF-Article 1.0 Author-Name: Calvin A. Kent Author-X-Name-First: Calvin A. Author-X-Name-Last: Kent Author-Name: Francis W. Rushing Author-X-Name-First: Francis W. Author-X-Name-Last: Rushing Title: Coverage of Entrepreneurship in Principles of Economics Textbooks: An Update Journal: The Journal of Economic Education Pages: 184-188 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595955 File-URL: http://hdl.handle.net/10.1080/00220489909595955 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:184-188 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Carl Shapiro and Hal R. Varian. Information Rules: A Strategic Guide to the Network Economy. Boston, Massachusetts: Harvard Business School Press, 1999. x + 352 pp Journal: The Journal of Economic Education Pages: 189-190 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595956 File-URL: http://hdl.handle.net/10.1080/00220489909595956 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:189-190 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: The Longitudinal Effects of Economic Education on Teachers and Their Students Journal: The Journal of Economic Education Pages: 99-111 Issue: 2 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595946 File-URL: http://hdl.handle.net/10.1080/00220489909595946 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:2:p:99-111 Template-Type: ReDIF-Article 1.0 Author-Name: Arnold Katz Author-X-Name-First: Arnold Author-X-Name-Last: Katz Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Technology and the Teaching of Economics to Undergraduates Journal: The Journal of Economic Education Pages: 194-199 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595979 File-URL: http://hdl.handle.net/10.1080/00220489909595979 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:194-199 Template-Type: ReDIF-Article 1.0 Author-Name: Robert P. Parks Author-X-Name-First: Robert P. Author-X-Name-Last: Parks Title: Macro Principles, PowerPoint, and the Internet: Four Years of the Good, the Bad, and the Ugly Journal: The Journal of Economic Education Pages: 200-209 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595980 File-URL: http://hdl.handle.net/10.1080/00220489909595980 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:200-209 Template-Type: ReDIF-Article 1.0 Author-Name: Roger A. McCain Author-X-Name-First: Roger A. Author-X-Name-Last: McCain Title: Developing an On-line Textbook: Question-led Teaching and the World Wide Web Journal: The Journal of Economic Education Pages: 210-220 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595981 File-URL: http://hdl.handle.net/10.1080/00220489909595981 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:210-220 Template-Type: ReDIF-Article 1.0 Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Author-Name: Kailash Khandke Author-X-Name-First: Kailash Author-X-Name-Last: Khandke Title: Comment Journal: The Journal of Economic Education Pages: 220-224 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595982 File-URL: http://hdl.handle.net/10.1080/00220489909595982 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:220-224 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph I. Daniel Author-X-Name-First: Joseph I. Author-X-Name-Last: Daniel Title: Using the Web to Improve Computer-Aided Instruction in Economics Journal: The Journal of Economic Education Pages: 225-243 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595983 File-URL: http://hdl.handle.net/10.1080/00220489909595983 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:225-243 Template-Type: ReDIF-Article 1.0 Author-Name: David Schodt Author-X-Name-First: David Author-X-Name-Last: Schodt Author-Name: Jane H. Leuthold Author-X-Name-First: Jane H. Author-X-Name-Last: Leuthold Title: Comment Journal: The Journal of Economic Education Pages: 243-247 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595984 File-URL: http://hdl.handle.net/10.1080/00220489909595984 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:243-247 Template-Type: ReDIF-Article 1.0 Author-Name: John F. Chizmar Author-X-Name-First: John F. Author-X-Name-Last: Chizmar Author-Name: Mark S. Walbert Author-X-Name-First: Mark S. Author-X-Name-Last: Walbert Title: Web-Based Learning Environments Guided by Principles of Good Teaching Practice Journal: The Journal of Economic Education Pages: 248-259 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595985 File-URL: http://hdl.handle.net/10.1080/00220489909595985 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:248-259 Template-Type: ReDIF-Article 1.0 Author-Name: Steve Hurd Author-X-Name-First: Steve Author-X-Name-Last: Hurd Author-Name: Robert L. Moore Author-X-Name-First: Robert L. Author-X-Name-Last: Moore Title: Comment Journal: The Journal of Economic Education Pages: 260-262 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595986 File-URL: http://hdl.handle.net/10.1080/00220489909595986 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:260-262 Template-Type: ReDIF-Article 1.0 Author-Name: LÉOnie L. Stone Author-X-Name-First: LÉOnie L. Author-X-Name-Last: Stone Title: Multimedia Instruction Methods Journal: The Journal of Economic Education Pages: 265-275 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595987 File-URL: http://hdl.handle.net/10.1080/00220489909595987 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:265-275 Template-Type: ReDIF-Article 1.0 Author-Name: Gisela Meyer Escoe Author-X-Name-First: Gisela Meyer Author-X-Name-Last: Escoe Title: Comment Journal: The Journal of Economic Education Pages: 275-276 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595988 File-URL: http://hdl.handle.net/10.1080/00220489909595988 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:275-276 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Schenk Author-X-Name-First: Robert Author-X-Name-Last: Schenk Title: Comment Journal: The Journal of Economic Education Pages: 277-277 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595989 File-URL: http://hdl.handle.net/10.1080/00220489909595989 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:277-277 Template-Type: ReDIF-Article 1.0 Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Title: Promoting Active-Student Learning Using the World Wide Web in Economics Courses Journal: The Journal of Economic Education Pages: 278-287 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595990 File-URL: http://hdl.handle.net/10.1080/00220489909595990 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:278-287 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Title: Comment Journal: The Journal of Economic Education Pages: 287-289 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595991 File-URL: http://hdl.handle.net/10.1080/00220489909595991 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:287-289 Template-Type: ReDIF-Article 1.0 Author-Name: Linda M. Manning Author-X-Name-First: Linda M. Author-X-Name-Last: Manning Title: Comment Journal: The Journal of Economic Education Pages: 289-291 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595992 File-URL: http://hdl.handle.net/10.1080/00220489909595992 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:289-291 Template-Type: ReDIF-Article 1.0 Author-Name: Michelle Albert Vachris Author-X-Name-First: Michelle Albert Author-X-Name-Last: Vachris Title: Teaching Principles of Economics without “Chalk and Talk”: The Experience of CNU Online Journal: The Journal of Economic Education Pages: 292-303 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595993 File-URL: http://hdl.handle.net/10.1080/00220489909595993 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:292-303 Template-Type: ReDIF-Article 1.0 Author-Name: George Bredon Author-X-Name-First: George Author-X-Name-Last: Bredon Title: Comment Journal: The Journal of Economic Education Pages: 303-305 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595994 File-URL: http://hdl.handle.net/10.1080/00220489909595994 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:303-305 Template-Type: ReDIF-Article 1.0 Author-Name: Howard P. Marvel Author-X-Name-First: Howard P. Author-X-Name-Last: Marvel Title: Comment Journal: The Journal of Economic Education Pages: 305-307 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595995 File-URL: http://hdl.handle.net/10.1080/00220489909595995 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:305-307 Template-Type: ReDIF-Article 1.0 Author-Name: Michael P. Murray Author-X-Name-First: Michael P. Author-X-Name-Last: Murray Title: Econometrics Lectures in a Computer Classroom Journal: The Journal of Economic Education Pages: 308-321 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595996 File-URL: http://hdl.handle.net/10.1080/00220489909595996 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:308-321 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffrey Parker Author-X-Name-First: Jeffrey Author-X-Name-Last: Parker Author-Name: Ebenge E. Usip Author-X-Name-First: Ebenge E. Author-X-Name-Last: Usip Title: Comment Journal: The Journal of Economic Education Pages: 321-324 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595997 File-URL: http://hdl.handle.net/10.1080/00220489909595997 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:321-324 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1997--98 Journal: The Journal of Economic Education Pages: 325-328 Issue: 3 Volume: 30 Year: 1999 Month: 1 X-DOI: 10.1080/00220489909595998 File-URL: http://hdl.handle.net/10.1080/00220489909595998 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:3:p:325-328 Template-Type: ReDIF-Article 1.0 Author-Name: Joe Kerkvliet Author-X-Name-First: Joe Author-X-Name-Last: Kerkvliet Author-Name: Charles L. Sigmund Author-X-Name-First: Charles L. Author-X-Name-Last: Sigmund Title: Can We Control Cheating in the Classroom? Journal: The Journal of Economic Education Pages: 331-343 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596090 File-URL: http://hdl.handle.net/10.1080/00220489909596090 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:331-343 Template-Type: ReDIF-Article 1.0 Author-Name: Donald G. Freeman Author-X-Name-First: Donald G. Author-X-Name-Last: Freeman Title: Grade Divergence as a Market Outcome Journal: The Journal of Economic Education Pages: 344-351 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596091 File-URL: http://hdl.handle.net/10.1080/00220489909596091 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:344-351 Template-Type: ReDIF-Article 1.0 Author-Name: Paul A. Samuelson Author-X-Name-First: Paul A. Author-X-Name-Last: Samuelson Author-Name: Harold W. McGraw Author-X-Name-First: Harold W. Author-X-Name-Last: McGraw Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Name: Orley Ashenfelter Author-X-Name-First: Orley Author-X-Name-Last: Ashenfelter Author-Name: Robert M. Solow Author-X-Name-First: Robert M. Author-X-Name-Last: Solow Author-Name: Stanley Fischer Author-X-Name-First: Stanley Author-X-Name-Last: Fischer Title: Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication Journal: The Journal of Economic Education Pages: 352-363 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596092 File-URL: http://hdl.handle.net/10.1080/00220489909596092 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:352-363 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Teaching Keynes in the 21st Century Journal: The Journal of Economic Education Pages: 364-372 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596093 File-URL: http://hdl.handle.net/10.1080/00220489909596093 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:364-372 Template-Type: ReDIF-Article 1.0 Author-Name: David W. Findlay Author-X-Name-First: David W. Author-X-Name-Last: Findlay Title: The IS-LM Model: Is There a Connection Between Slopes and the Effectiveness of Fiscal and Monetary Policy? Journal: The Journal of Economic Education Pages: 373-382 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596094 File-URL: http://hdl.handle.net/10.1080/00220489909596094 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:373-382 Template-Type: ReDIF-Article 1.0 Author-Name: J. Patrick Meister Author-X-Name-First: J. Patrick Author-X-Name-Last: Meister Title: Oligopoly-An In-Class Economic Game Journal: The Journal of Economic Education Pages: 383-391 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596095 File-URL: http://hdl.handle.net/10.1080/00220489909596095 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:383-391 Template-Type: ReDIF-Article 1.0 Author-Name: Denise Hazlett Author-X-Name-First: Denise Author-X-Name-Last: Hazlett Author-Name: Jeela Ganje Author-X-Name-First: Jeela Author-X-Name-Last: Ganje Title: An Experiment with Official and Parallel Foreign Exchange Markets in a Developing Country Journal: The Journal of Economic Education Pages: 392-401 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596096 File-URL: http://hdl.handle.net/10.1080/00220489909596096 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:392-401 Template-Type: ReDIF-Article 1.0 Author-Name: Murray S. Simpson Author-X-Name-First: Murray S. Author-X-Name-Last: Simpson Author-Name: Shireen E. Carroll Author-X-Name-First: Shireen E. Author-X-Name-Last: Carroll Title: Assignments for a Writing-Intensive Economics Course Journal: The Journal of Economic Education Pages: 402-410 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596097 File-URL: http://hdl.handle.net/10.1080/00220489909596097 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:402-410 Template-Type: ReDIF-Article 1.0 Author-Name: Janusz R. Mrozek Author-X-Name-First: Janusz R. Author-X-Name-Last: Mrozek Title: Market Failures and Efficiency in the Principles Course Journal: The Journal of Economic Education Pages: 411-419 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596098 File-URL: http://hdl.handle.net/10.1080/00220489909596098 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:411-419 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Turning Merit Scores into Salaries Journal: The Journal of Economic Education Pages: 420-426 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596099 File-URL: http://hdl.handle.net/10.1080/00220489909596099 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:420-426 Template-Type: ReDIF-Article 1.0 Author-Name: Craig Swan Author-X-Name-First: Craig Author-X-Name-Last: Swan Title: William E. Becker and Michael Watts, eds., Teaching Economics to Undergraduates: Alternatives to Chalk and Talk. Cheltenham, U. K.: Edward Elgar, 1999. 274 pp Journal: The Journal of Economic Education Pages: 427-428 Issue: 4 Volume: 30 Year: 1999 Month: 12 X-DOI: 10.1080/00220489909596100 File-URL: http://hdl.handle.net/10.1080/00220489909596100 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:30:y:1999:i:4:p:427-428 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Online Teaching Resources: A New Journal Section Journal: The Journal of Economic Education Pages: 3-7 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596752 File-URL: http://hdl.handle.net/10.1080/00220480009596752 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:3-7 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Author-Name: Elise Braden Author-X-Name-First: Elise Author-X-Name-Last: Braden Title: Resources for Economists on the Internet Journal: The Journal of Economic Education Pages: 8-8 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596753 File-URL: http://hdl.handle.net/10.1080/00220480009596753 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:8-8 Template-Type: ReDIF-Article 1.0 Author-Name: Roger A. McCain Author-X-Name-First: Roger A. Author-X-Name-Last: McCain Title: Essential Principles of Economics: A Hypermedia Textbook Journal: The Journal of Economic Education Pages: 9-9 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596754 File-URL: http://hdl.handle.net/10.1080/00220480009596754 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:9-9 Template-Type: ReDIF-Article 1.0 Author-Name: Michelle Mason Winston Author-X-Name-First: Michelle Mason Author-X-Name-Last: Winston Title: EconEdLink Journal: The Journal of Economic Education Pages: 10-10 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596755 File-URL: http://hdl.handle.net/10.1080/00220480009596755 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:10-10 Template-Type: ReDIF-Article 1.0 Author-Name: Maureen J. Lage Author-X-Name-First: Maureen J. Author-X-Name-Last: Lage Author-Name: Glenn Platt Author-X-Name-First: Glenn Author-X-Name-Last: Platt Title: The Internet and the Inverted Classroom Journal: The Journal of Economic Education Pages: 11-11 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596756 File-URL: http://hdl.handle.net/10.1080/00220480009596756 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:11-11 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey R. Gerdes Author-X-Name-First: Geoffrey R. Author-X-Name-Last: Gerdes Title: Interactive Economics Instruction with Java and CGI Journal: The Journal of Economic Education Pages: 12-12 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596757 File-URL: http://hdl.handle.net/10.1080/00220480009596757 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:12-12 Template-Type: ReDIF-Article 1.0 Author-Name: Carol G. Johnston Author-X-Name-First: Carol G. Author-X-Name-Last: Johnston Author-Name: Richard H. James Author-X-Name-First: Richard H. Author-X-Name-Last: James Author-Name: Jenny N. Lye Author-X-Name-First: Jenny N. Author-X-Name-Last: Lye Author-Name: Ian M. McDonald Author-X-Name-First: Ian M. Author-X-Name-Last: McDonald Title: An Evaluation of Collaborative Problem Solving for Learning Economics Journal: The Journal of Economic Education Pages: 13-29 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596758 File-URL: http://hdl.handle.net/10.1080/00220480009596758 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:13-29 Template-Type: ReDIF-Article 1.0 Author-Name: Maureen J. Lage Author-X-Name-First: Maureen J. Author-X-Name-Last: Lage Author-Name: Glenn J. Platt Author-X-Name-First: Glenn J. Author-X-Name-Last: Platt Author-Name: Michael Treglia Author-X-Name-First: Michael Author-X-Name-Last: Treglia Title: Inverting the Classroom: A Gateway to Creating an Inclusive Learning Environment Journal: The Journal of Economic Education Pages: 30-43 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596759 File-URL: http://hdl.handle.net/10.1080/00220480009596759 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:30-43 Template-Type: ReDIF-Article 1.0 Author-Name: Denise Hazlett Author-X-Name-First: Denise Author-X-Name-Last: Hazlett Title: An Experimental Education Market with Positive Externalities Journal: The Journal of Economic Education Pages: 44-51 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596760 File-URL: http://hdl.handle.net/10.1080/00220480009596760 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:44-51 Template-Type: ReDIF-Article 1.0 Author-Name: John C. Bernard Author-X-Name-First: John C. Author-X-Name-Last: Bernard Author-Name: William Schulze Author-X-Name-First: William Author-X-Name-Last: Schulze Title: Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment Journal: The Journal of Economic Education Pages: 52-59 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596761 File-URL: http://hdl.handle.net/10.1080/00220480009596761 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:52-59 Template-Type: ReDIF-Article 1.0 Author-Name: Michael H. Truscott Author-X-Name-First: Michael H. Author-X-Name-Last: Truscott Author-Name: Hemant Rustogi Author-X-Name-First: Hemant Author-X-Name-Last: Rustogi Author-Name: Corinne B. Young Author-X-Name-First: Corinne B. Author-X-Name-Last: Young Title: Enhancing the Macroeconomics Course: An Experiential Learning Approach Journal: The Journal of Economic Education Pages: 60-65 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596762 File-URL: http://hdl.handle.net/10.1080/00220480009596762 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:60-65 Template-Type: ReDIF-Article 1.0 Author-Name: Donghyun Park Author-X-Name-First: Donghyun Author-X-Name-Last: Park Title: Price Discrimination, Economies of Scale, and Profits Journal: The Journal of Economic Education Pages: 66-75 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596763 File-URL: http://hdl.handle.net/10.1080/00220480009596763 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:66-75 Template-Type: ReDIF-Article 1.0 Author-Name: Asatoshi Maeshiro Author-X-Name-First: Asatoshi Author-X-Name-Last: Maeshiro Title: An Illustration of the Bias of OLS for Yt = λYt-1 + Ut Journal: The Journal of Economic Education Pages: 76-80 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596764 File-URL: http://hdl.handle.net/10.1080/00220480009596764 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:76-80 Template-Type: ReDIF-Article 1.0 Author-Name: Alan B. Krueger Author-X-Name-First: Alan B. Author-X-Name-Last: Krueger Author-Name: Stephen Wu Author-X-Name-First: Stephen Author-X-Name-Last: Wu Title: Forecasting Job Placements of Economics Graduate Students Journal: The Journal of Economic Education Pages: 81-94 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596765 File-URL: http://hdl.handle.net/10.1080/00220480009596765 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:81-94 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Title: The Status of Economics in the High School Curriculum Journal: The Journal of Economic Education Pages: 95-101 Issue: 1 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596766 File-URL: http://hdl.handle.net/10.1080/00220480009596766 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:1:p:95-101 Template-Type: ReDIF-Article 1.0 Author-Name: John F. Chizmar Author-X-Name-First: John F. Author-X-Name-Last: Chizmar Title: A Discrete-Time Hazard Analysis of the Role of Gender in Persistence in the Economics Major Journal: The Journal of Economic Education Pages: 107-118 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596768 File-URL: http://hdl.handle.net/10.1080/00220480009596768 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:107-118 Template-Type: ReDIF-Article 1.0 Author-Name: Richard A. Miller Author-X-Name-First: Richard A. Author-X-Name-Last: Miller Title: Ten Cheaper Spades: Production Theory and Cost Curves in the Short Run Journal: The Journal of Economic Education Pages: 119-130 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596769 File-URL: http://hdl.handle.net/10.1080/00220480009596769 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:119-130 Template-Type: ReDIF-Article 1.0 Author-Name: Paul M. Comolli Author-X-Name-First: Paul M. Author-X-Name-Last: Comolli Title: Pecuniary Effects, Second-Order Conditions, and the LRAC Curve Journal: The Journal of Economic Education Pages: 131-143 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596770 File-URL: http://hdl.handle.net/10.1080/00220480009596770 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:131-143 Template-Type: ReDIF-Article 1.0 Author-Name: J. Lon Carlson Author-X-Name-First: J. Lon Author-X-Name-Last: Carlson Author-Name: Neil T. Skaggs Author-X-Name-First: Neil T. Author-X-Name-Last: Skaggs Title: Learning by Trial and Error: A Case for Moot Courts Journal: The Journal of Economic Education Pages: 145-155 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596771 File-URL: http://hdl.handle.net/10.1080/00220480009596771 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:145-155 Template-Type: ReDIF-Article 1.0 Author-Name: Robert S. Goldfarb Author-X-Name-First: Robert S. Author-X-Name-Last: Goldfarb Title: An Onassis Retrospective: What Products Are Auctioned, and Why? Journal: The Journal of Economic Education Pages: 157-168 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596772 File-URL: http://hdl.handle.net/10.1080/00220480009596772 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:157-168 Template-Type: ReDIF-Article 1.0 Author-Name: Kenneth D. Peterson Author-X-Name-First: Kenneth D. Author-X-Name-Last: Peterson Title: Using a Geographic Information System to Teach Economics Journal: The Journal of Economic Education Pages: 169-178 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596773 File-URL: http://hdl.handle.net/10.1080/00220480009596773 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:169-178 Template-Type: ReDIF-Article 1.0 Author-Name: Franklin G. Mixon Author-X-Name-First: Franklin G. Author-X-Name-Last: Mixon Title: Homo Economicus and the Salem Witch Trials Journal: The Journal of Economic Education Pages: 179-184 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596774 File-URL: http://hdl.handle.net/10.1080/00220480009596774 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:179-184 Template-Type: ReDIF-Article 1.0 Author-Name: Beck A. Taylor Author-X-Name-First: Beck A. Author-X-Name-Last: Taylor Author-Name: W. James Truitt Author-X-Name-First: W. James Author-X-Name-Last: Truitt Title: Integrating the Traditional Job-Market Research Seminar with Instruction in the Undergraduate Classroom Journal: The Journal of Economic Education Pages: 185-189 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596775 File-URL: http://hdl.handle.net/10.1080/00220480009596775 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:185-189 Template-Type: ReDIF-Article 1.0 Author-Name: John A. List Author-X-Name-First: John A. Author-X-Name-Last: List Title: Interview Scheduling Strategies of New Ph.D. Economists Journal: The Journal of Economic Education Pages: 191-201 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596776 File-URL: http://hdl.handle.net/10.1080/00220480009596776 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:191-201 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: How Many College Students Are Exposed to Economics? Journal: The Journal of Economic Education Pages: 202-204 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596777 File-URL: http://hdl.handle.net/10.1080/00220480009596777 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:202-204 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Kennedy Author-X-Name-First: Peter Author-X-Name-Last: Kennedy Title: Book Review Abstract: Mark H. Maier. The Data Game: Controversies in Social Science Statistics, 3rd ed. Armonk, N.Y.: M. E. Sharpe, 1999. 332 pp. Journal: The Journal of Economic Education Pages: 205-206 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596778 File-URL: http://hdl.handle.net/10.1080/00220480009596778 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:205-206 Template-Type: ReDIF-Article 1.0 Author-Name: Rajshree Agarwal Author-X-Name-First: Rajshree Author-X-Name-Last: Agarwal Author-Name: A. Edward Day Author-X-Name-First: A. Edward Author-X-Name-Last: Day Title: Web Instruction with the LBO Model Journal: The Journal of Economic Education Pages: 207-207 Issue: 2 Volume: 31 Year: 2000 Month: 6 X-DOI: 10.1080/00220480009596779 File-URL: http://hdl.handle.net/10.1080/00220480009596779 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:2:p:207-207 Template-Type: ReDIF-Article 1.0 Author-Name: L. F. Jameson Boex Author-X-Name-First: L. F. Author-X-Name-Last: Jameson Boex Title: Attributes of Effective Economics Instructors: An Analysis of Student Evaluations Journal: The Journal of Economic Education Pages: 211-227 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596780 File-URL: http://hdl.handle.net/10.1080/00220480009596780 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:211-227 Template-Type: ReDIF-Article 1.0 Author-Name: Charles A. Holt Author-X-Name-First: Charles A. Author-X-Name-Last: Holt Author-Name: Monica Capra Author-X-Name-First: Monica Author-X-Name-Last: Capra Title: Classroom Games: A Prisoner's Dilemma Journal: The Journal of Economic Education Pages: 229-236 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596781 File-URL: http://hdl.handle.net/10.1080/00220480009596781 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:229-236 Template-Type: ReDIF-Article 1.0 Author-Name: Rod Garratt Author-X-Name-First: Rod Author-X-Name-Last: Garratt Title: A Free Entry and Exit Experiment Journal: The Journal of Economic Education Pages: 237-243 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596782 File-URL: http://hdl.handle.net/10.1080/00220480009596782 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:237-243 Template-Type: ReDIF-Article 1.0 Author-Name: Linda M. Manning Author-X-Name-First: Linda M. Author-X-Name-Last: Manning Author-Name: Catherine A. Riordan Author-X-Name-First: Catherine A. Author-X-Name-Last: Riordan Title: Using Groupware Software to Support Collaborative Learning in Economics Journal: The Journal of Economic Education Pages: 244-252 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596783 File-URL: http://hdl.handle.net/10.1080/00220480009596783 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:244-252 Template-Type: ReDIF-Article 1.0 Author-Name: Frank D. Tinari Author-X-Name-First: Frank D. Author-X-Name-Last: Tinari Author-Name: Kailash Khandke Author-X-Name-First: Kailash Author-X-Name-Last: Khandke Title: From Rhythm and Blues to Broadway: Using Music to Teach Economics Journal: The Journal of Economic Education Pages: 253-270 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596784 File-URL: http://hdl.handle.net/10.1080/00220480009596784 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:253-270 Template-Type: ReDIF-Article 1.0 Author-Name: Frank G. Steindl Author-X-Name-First: Frank G. Author-X-Name-Last: Steindl Title: Credit Cards, Economization of Money, and Interest Rates Journal: The Journal of Economic Education Pages: 271-279 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596785 File-URL: http://hdl.handle.net/10.1080/00220480009596785 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:271-279 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick Hill Author-X-Name-First: Roderick Author-X-Name-Last: Hill Title: The Case of the Missing Organizations: Co-operatives and the Textbooks Journal: The Journal of Economic Education Pages: 281-295 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596786 File-URL: http://hdl.handle.net/10.1080/00220480009596786 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:281-295 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Undergraduate Economics Degree Trends Through the 1990s Journal: The Journal of Economic Education Pages: 296-300 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596787 File-URL: http://hdl.handle.net/10.1080/00220480009596787 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:296-300 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore Bos Author-X-Name-First: Theodore Author-X-Name-Last: Bos Author-Name: Sarah E. Culver Author-X-Name-First: Sarah E. Author-X-Name-Last: Culver Title: Economic Time-Series Page Journal: The Journal of Economic Education Pages: 301-301 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596788 File-URL: http://hdl.handle.net/10.1080/00220480009596788 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:301-301 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Title: EcEdWeb: Economic Education Web Journal: The Journal of Economic Education Pages: 302-302 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596789 File-URL: http://hdl.handle.net/10.1080/00220480009596789 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:302-302 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Title: EcEdWeb: Economic Education Web Journal: The Journal of Economic Education Pages: 304-304 Issue: 3 Volume: 31 Year: 2000 Month: 9 X-DOI: 10.1080/00220480009596790 File-URL: http://hdl.handle.net/10.1080/00220480009596790 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:3:p:304-304 Template-Type: ReDIF-Article 1.0 Author-Name: Andrea L. Ziegert Author-X-Name-First: Andrea L. Author-X-Name-Last: Ziegert Title: The Role of Personality Temperament and Student Learning in Principles of Economics: Further Evidence Journal: The Journal of Economic Education Pages: 307-322 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596449 File-URL: http://hdl.handle.net/10.1080/00220480009596449 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:307-322 Template-Type: ReDIF-Article 1.0 Author-Name: Gary M. Fournier Author-X-Name-First: Gary M. Author-X-Name-Last: Fournier Author-Name: Tim R. Sass Author-X-Name-First: Tim R. Author-X-Name-Last: Sass Title: Take My Course, Please: The Effects of the Principles Experience on Student Curriculum Choice Journal: The Journal of Economic Education Pages: 323-339 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596450 File-URL: http://hdl.handle.net/10.1080/00220480009596450 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:323-339 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Holahan Author-X-Name-First: William L. Author-X-Name-Last: Holahan Author-Name: Mark C. Schug Author-X-Name-First: Mark C. Author-X-Name-Last: Schug Title: A Simple Exposition of the Social Security Trust Fund Journal: The Journal of Economic Education Pages: 340-348 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596451 File-URL: http://hdl.handle.net/10.1080/00220480009596451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:340-348 Template-Type: ReDIF-Article 1.0 Author-Name: David G. Loomis Author-X-Name-First: David G. Author-X-Name-Last: Loomis Author-Name: James E. Cox Author-X-Name-First: James E. Author-X-Name-Last: Cox Title: A Course in Economic Forecasting: Rationale and Content Journal: The Journal of Economic Education Pages: 349-357 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596452 File-URL: http://hdl.handle.net/10.1080/00220480009596452 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:349-357 Template-Type: ReDIF-Article 1.0 Author-Name: Nicolaas J. Vriend Author-X-Name-First: Nicolaas J. Author-X-Name-Last: Vriend Title: Demonstrating the Possibility of Pareto Inferior Nash Equilibria Journal: The Journal of Economic Education Pages: 358-362 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596453 File-URL: http://hdl.handle.net/10.1080/00220480009596453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:358-362 Template-Type: ReDIF-Article 1.0 Author-Name: R. D. Rossiter Author-X-Name-First: R. D. Author-X-Name-Last: Rossiter Title: Fisher Ideal Indexes in the National Income and Product Accounts Journal: The Journal of Economic Education Pages: 363-373 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596454 File-URL: http://hdl.handle.net/10.1080/00220480009596454 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:363-373 Template-Type: ReDIF-Article 1.0 Author-Name: Charles F. Revier Author-X-Name-First: Charles F. Author-X-Name-Last: Revier Title: Policy Effectiveness and the Slopes of IS and LM Curves: A Graphical Analysis Journal: The Journal of Economic Education Pages: 374-381 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596455 File-URL: http://hdl.handle.net/10.1080/00220480009596455 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:374-381 Template-Type: ReDIF-Article 1.0 Author-Name: Louis Eeckhoudt Author-X-Name-First: Louis Author-X-Name-Last: Eeckhoudt Author-Name: Philippe Godfroid Author-X-Name-First: Philippe Author-X-Name-Last: Godfroid Title: Risk Aversion and the Value of Information Journal: The Journal of Economic Education Pages: 382-388 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596456 File-URL: http://hdl.handle.net/10.1080/00220480009596456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:382-388 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Author-Name: Richard M. Alston Author-X-Name-First: Richard M. Author-X-Name-Last: Alston Title: Effect of Graduate-Program Rank on Success in the Job Market Journal: The Journal of Economic Education Pages: 389-401 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596457 File-URL: http://hdl.handle.net/10.1080/00220480009596457 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:389-401 Template-Type: ReDIF-Article 1.0 Author-Name: Zahir Zaveri Author-X-Name-First: Zahir Author-X-Name-Last: Zaveri Author-Name: Daniel Pedisicha Author-X-Name-First: Daniel Author-X-Name-Last: Pedisicha Author-Name: William Greene Author-X-Name-First: William Author-X-Name-Last: Greene Title: Opportunities for Economic Research by Secondary School Students Journal: The Journal of Economic Education Pages: 402-405 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596458 File-URL: http://hdl.handle.net/10.1080/00220480009596458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:402-405 Template-Type: ReDIF-Article 1.0 Author-Name: Greg Delemeester Author-X-Name-First: Greg Author-X-Name-Last: Delemeester Author-Name: Jurgen Brauer Author-X-Name-First: Jurgen Author-X-Name-Last: Brauer Title: Games Economists Play: Noncomputerized Classroom Games Journal: The Journal of Economic Education Pages: 406-406 Issue: 4 Volume: 31 Year: 2000 Month: 12 X-DOI: 10.1080/00220480009596459 File-URL: http://hdl.handle.net/10.1080/00220480009596459 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:31:y:2000:i:4:p:406-406 Template-Type: ReDIF-Article 1.0 Author-Name: David H. Dean Author-X-Name-First: David H. Author-X-Name-Last: Dean Author-Name: Robert C. Dolan Author-X-Name-First: Robert C. Author-X-Name-Last: Dolan Title: Liberal Arts or Business: Does the Location of the Economics Department Alter the Major? Abstract: Abstract The authors examine whether the administrative location of an economics department in a business versus liberal arts school alters the character of the economics program provided to undergraduate majors. To test this hypothesis, they constructed a curricular character index (CCI) based on a detailed accounting of assorted dimensions of an economics major. The CCI served as the dependent variable in a regression model that controlled for other institutional attributes that could influence curricular character. The sample of 148 primarily undergraduate institutions was selected to impose some semblance of a ceteris paribus environment. Contrary to earlier findings, the empirical results strongly indicate that the administrative location of an economics department in business versus liberal arts schools significantly changes the character of the program offered to majors. Journal: The Journal of Economic Education Pages: 18-35 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595167 File-URL: http://hdl.handle.net/10.1080/00220480109595167 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:18-35 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Comparing Student and Instructor Evaluations of Teaching Abstract: Abstract Most economics departments use end-of-term student evaluations of teaching, but the relationship between instructors' assessments of their own teaching and their students' assessments is unknown. The background survey for the nationally normed Test of Understanding in College Economics asked students and instructors to evaluate the instructor on five identical items. Using these data, the authors found that for instructors who speak English as their native language, speaking ability and enthusiasm are closely linked to self-ratings of teaching effectiveness. Students also value these traits but care more about instructors' preparation for class. Grading rigor is more important to students of instructors who speak English as a second language. Journal: The Journal of Economic Education Pages: 3-17 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595166 File-URL: http://hdl.handle.net/10.1080/00220480109595166 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:3-17 Template-Type: ReDIF-Article 1.0 Author-Name: Martin Dufwenberg Author-X-Name-First: Martin Author-X-Name-Last: Dufwenberg Title: Teaching Cournot Without Derivatives Abstract: Abstract The author presents a simple technique for teaching the Cournot model to first-year students. The approach involves demonstrating to the students that out of all rectangles with a common perimeter, the square has the greatest area. No use is made of derivatives. The same approach can be used to understand some other market forms. Journal: The Journal of Economic Education Pages: 36-40 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595168 File-URL: http://hdl.handle.net/10.1080/00220480109595168 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:36-40 Template-Type: ReDIF-Article 1.0 Author-Name: Richard M. Peck Author-X-Name-First: Richard M. Author-X-Name-Last: Peck Title: Infinitesimal Firms and Increasing Cost Industries Abstract: Abstract This article presents a rigorous version of the basic model of an increasing-cost competitive industry found in many textbooks. In the model, firms are infinitesimal, which justifies price-taking behavior and a continuous industry supply curve. The industry supply curve slopes upward because of dispersion in the efficiency of firms. In this framework, the authors emphasize the role of the marginal firm. This role is not clearly emphasized in many textbook presentations of the increasing cost industry. Journal: The Journal of Economic Education Pages: 41-52 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595169 File-URL: http://hdl.handle.net/10.1080/00220480109595169 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:41-52 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Cherry Author-X-Name-First: Robert Author-X-Name-Last: Cherry Title: The Simple Expenditure Model with Trade: How Should We Model Imports? Abstract: Abstract Imports are modeled as a fixed proportion of spending rather than as a function of total or disposable income. With this formulation, the import component of spending shifts must be netted out in order to predict the initial autonomous change in domestic spending. In addition, the formulation should provide a clearer understanding than current formulations of how leakages influence the multiplier process. Journal: The Journal of Economic Education Pages: 53-57 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595170 File-URL: http://hdl.handle.net/10.1080/00220480109595170 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:53-57 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Title: Teacher and Student Economic Understanding in Transition Economies Abstract: Abstract This study describes a new data set and uses it for an exploratory investigation of whether seminars for teachers conducted by the National Council on Economic Education through its International Education Exchange Program (IEEP) had a beneficial effect on the economic understanding of the high school students of these teachers. The data were collected using a non-equivalent control group design that sorted teachers into two groups based on whether or not they participated in an IEEP seminar. Pre- and posttests of economics were administered to the students of these teachers in Lithuania, Ukraine, Kyrgyzstan, and Poland. The exploratory results showed a larger increase in the economic understanding of students of teachers who participated in the IEEP seminars compared with students of teachers who did not. The results also showed that knowledge of economics among IEEP teachers was a factor for improving student achievement in economics. The findings should be viewed with caution because of data limitations. Journal: The Journal of Economic Education Pages: 58-67 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595171 File-URL: http://hdl.handle.net/10.1080/00220480109595171 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:58-67 Template-Type: ReDIF-Article 1.0 Author-Name: Craig R. MacPhee Author-X-Name-First: Craig R. Author-X-Name-Last: MacPhee Title: Economic Education and Government Reform in the Republic of Georgia Abstract: Abstract The author describes public education through the media and training for government officials and for journalists undertaken as part of economic reform efforts in the Republic of Georgia of the former Soviet Union. The article concludes with a discussion of the necessary conditions for success of these broad-based educational efforts. Journal: The Journal of Economic Education Pages: 68-77 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595172 File-URL: http://hdl.handle.net/10.1080/00220480109595172 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:68-77 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Kovzik Author-X-Name-First: Alexander Author-X-Name-Last: Kovzik Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Reforming Undergraduate Instruction in Russia, Belarus, and Ukraine Abstract: Abstract The authors deal with the restructuring of undergraduate economics instruction at Moscow State University (MSU) since 1989. They examine how closely the reforms at MSU are mirrored by changes at Belarus State University in Minsk and at Kiev State University. They also consider, and often offer an “insider's” perspective on, several issues related to curriculum reform that go beyond what can be determined from published curriculum guides. Specifically, they consider such issues as the training and retraining of faculty members who teach courses in these departments, the use of translated Western textbooks versus locally developed textbooks, and problems that arise in departments where some faculty members teach Western economics but others continue to teach Soviet-style economics. Journal: The Journal of Economic Education Pages: 78-92 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595173 File-URL: http://hdl.handle.net/10.1080/00220480109595173 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:78-92 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Gärtner Author-X-Name-First: Manfred Author-X-Name-Last: Gärtner Title: Intermediate Macroeconomics Tutorials and Applets Journal: The Journal of Economic Education Pages: 93-93 Issue: 1 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595174 File-URL: http://hdl.handle.net/10.1080/00220480109595174 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:1:p:93-93 Template-Type: ReDIF-Article 1.0 Author-Name: Peter E. Kennedy Author-X-Name-First: Peter E. Author-X-Name-Last: Kennedy Title: Bootstrapping Student Understanding of What is Going on in Econometrics Abstract: Abstract Econometrics is an intellectual game played by rules based on the sampling distribution concept. Most students in econometrics classes are uncomfortable because they do not know these rules and so do not understand what is going on in econometrics. This article contains some explanations for this phenomenon and suggestions for how this problem can be addressed. Instructors are encouraged to use explain-how-to-bootstrap exercises to promote student understanding of the rules of the game. Journal: The Journal of Economic Education Pages: 110-123 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595177 File-URL: http://hdl.handle.net/10.1080/00220480109595177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:110-123 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Hans Matthews Author-X-Name-First: Peter Hans Author-X-Name-Last: Matthews Title: Positive Feedback and Path Dependence Using the Law of Large Numbers Abstract: Abstract Economists have become interested in the behavior of random processes with positive feedback but have sometimes found it difficult to introduce students to this research. Simulation of the law of large numbers with increasing amounts of feedback provides a convenient framework for such discussion and facilitates a nontechnical introduction to recent work on path dependence. Journal: The Journal of Economic Education Pages: 124-136 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595178 File-URL: http://hdl.handle.net/10.1080/00220480109595178 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:124-136 Template-Type: ReDIF-Article 1.0 Author-Name: John Elder Author-X-Name-First: John Author-X-Name-Last: Elder Author-Name: Peter E. Kennedy Author-X-Name-First: Peter E. Author-X-Name-Last: Kennedy Title: Testing for Unit Roots: What Should Students Be Taught? Abstract: Abstract Unit-root testing strategies are unnecessarily complicated because they do not exploit prior knowledge of the growth status of the time series, they worry about unrealistic outcomes, and they double- or triple-test for unit roots. The authors provide a testing strategy that cuts through these complications and so facilitates teaching this dimension of the unit-root phenomenon. F tests are used as a vehicle for understanding, but t tests are recommended in the end, consistent with common practice. Journal: The Journal of Economic Education Pages: 137-146 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595179 File-URL: http://hdl.handle.net/10.1080/00220480109595179 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:137-146 Template-Type: ReDIF-Article 1.0 Author-Name: James E. Hartley Author-X-Name-First: James E. Author-X-Name-Last: Hartley Title: The Great Books and Economics Abstract: Abstract The author describes an introductory economics course in which all of the reading material is drawn from the Great Books of Western Civilization. He explains the rationale and mechanics of the course. An annotated course syllabus details how the reading material relates to the lecture material. Journal: The Journal of Economic Education Pages: 147-159 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595180 File-URL: http://hdl.handle.net/10.1080/00220480109595180 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:147-159 Template-Type: ReDIF-Article 1.0 Author-Name: Robert J. Oxoby Author-X-Name-First: Robert J. Author-X-Name-Last: Oxoby Title: A Monopoly Classroom Experiment Abstract: Abstract The author uses a simple classroom experiment to develop the economic model of monopoly. As a pedagogical tool, the experiment introduces students to the nature of the monopoly problem and motivates them to think of the associated efficiency issues as a divergence between private benefits and social contributions. As a test of economic principles, the experiment highlights the role of information and fairness ideals in determining economic outcomes. Journal: The Journal of Economic Education Pages: 160-168 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595181 File-URL: http://hdl.handle.net/10.1080/00220480109595181 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:160-168 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Principles for a Successful Undergraduate Economics Honors Program Abstract: Abstract An honors program fits the current passion for active, in-depth learning and “capstone experiences.” Principles that guide a successful undergraduate economics honors program include simplicity, accessibility, skill development, risk minimization, and incentives to combat procrastination. The model program specifies three of the usual six electives and requires a senior thesis that makes an original contribution to economics understanding. It can be started as late as the middle of the junior year, providing accessibility and limiting student risk. A required econometrics course and a policy seminar prepare students to write a thesis. A series of short-term deadlines helps combat procrastination. Although an honors program is not for everyone, its emphasis on quality rather than quantity can add a valuable dimension to most economics degree programs. Journal: The Journal of Economic Education Pages: 169-177 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595182 File-URL: http://hdl.handle.net/10.1080/00220480109595182 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:169-177 Template-Type: ReDIF-Article 1.0 Author-Name: X. Henry Wang Author-X-Name-First: X. Henry Author-X-Name-Last: Wang Author-Name: Bill Z. Yang Author-X-Name-First: Bill Z. Author-X-Name-Last: Yang Title: Fixed and Sunk Costs Revisited Abstract: Abstract The authors attempt to clarify the concepts of, and the link between, fixed costs and sunk costs. They argue that the root for possible confusion between fixed costs and sunk costs is the inconsistency in defining the term fixed costs. They define fixed costs uniformly as the costs that are independent of the level of output and suggest that instructors refer to the part of fixed costs that are irrevocably committed as sunk costs. Under these definitions, the statement “there are no long-run fixed costs” is incorrect. Instructors should teach students that in the long run there are no sunk costs, although there may easily be fixed costs. Journal: The Journal of Economic Education Pages: 178-185 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595183 File-URL: http://hdl.handle.net/10.1080/00220480109595183 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:178-185 Template-Type: ReDIF-Article 1.0 Author-Name: Denise Robson Author-X-Name-First: Denise Author-X-Name-Last: Robson Title: Women and Minorities in Economics Textbooks: Are They Being Adequately Represented? Abstract: Abstract The author examined 12 recent editions of principles of economics textbooks to determine the quantity of race- and gender-related material. Comparing the results to earlier studies demonstrates how efforts to incorporate more such coverage within the economics curriculum have influenced economics textbooks. In general, there has been an increase in the quantitative coverage of race- and gender-related material as measured by the number of pages, names, and tables of the textbooks. Journal: The Journal of Economic Education Pages: 186-191 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595184 File-URL: http://hdl.handle.net/10.1080/00220480109595184 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:186-191 Template-Type: ReDIF-Article 1.0 Author-Name: Wai-Yan Cheng Author-X-Name-First: Wai-Yan Author-X-Name-Last: Cheng Author-Name: Carles Fan Author-X-Name-First: Carles Author-X-Name-Last: Fan Title: Comparison Study of Different Implementations of Derivative Pricing Models Journal: The Journal of Economic Education Pages: 192-192 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595185 File-URL: http://hdl.handle.net/10.1080/00220480109595185 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:192-192 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel R. Marburger Author-X-Name-First: Daniel R. Author-X-Name-Last: Marburger Title: Absenteeism and Undergraduate Exam Performance Abstract: Abstract The author investigates the relationship between students' absenteeism during a principles of microeconomics course and their subsequent performance on exams. Records were maintained regarding the specific class periods that each student missed during the semester. Records were also kept of the class meeting when the material corresponding to each multiple-choice test question was covered. A qualitative choice model reveals that students who missed class on a given date were significantly more likely to respond incorrectly to questions relating to material covered that day than students who were present. Journal: The Journal of Economic Education Pages: 99-109 Issue: 2 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109595176 File-URL: http://hdl.handle.net/10.1080/00220480109595176 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:99-109 Template-Type: ReDIF-Article 1.0 Author-Name: Carol Johnston Author-X-Name-First: Carol Author-X-Name-Last: Johnston Author-Name: Ian McDonald Author-X-Name-First: Ian Author-X-Name-Last: McDonald Author-Name: Ross Williams Author-X-Name-First: Ross Author-X-Name-Last: Williams Title: The Scholarship of Teaching Economics Abstract: Abstract The authors provide an overview of papers presented at The Scholarship of Teaching Economics conference that was held at The University of Melbourne in July 2000. The objective of the conference was to bring attention to research being conducted in economic education at the tertiary level and to engage academic economists in discussion about the scholarship of teaching economics. The presentations of seven of the keynote speakers are discussed using the framework of who, what, and how of teaching economics. Who should determine the curriculum? What should be taught? And how should it be taught? Journal: The Journal of Economic Education Pages: 195-201 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596102 File-URL: http://hdl.handle.net/10.1080/00220480109596102 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:195-201 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Author-Name: David K. Round Author-X-Name-First: David K. Author-X-Name-Last: Round Title: International Trends in Economics Degrees During the 1990s Abstract: Abstract Australia, Canada, Germany, and the United States experienced a substantial decline in undergraduate degrees in economics from 1992 through 1996, followed immediately by a modest recovery. This cycle does not conform to overall degree trends, shifts in the gender composition of undergraduate populations, or changing interests of female students in any of the four countries. There is no evidence that changes in the “price” of a degree to students, tightened marking standards or degree requirements, or changes in pedagogical methods caused the cycle. Jobs for economics graduates declined in the United States between 1988 and 1990 and thereafter recovered. With a two-year recognition lag, the pattern of employment prospects fits the U.S. slump in economics degrees perfectly. Unfortunately, employment patterns in the other three countries are inconsistent with the degree cycle. The explanation that fits the economic degree pattern best is interest in business education. Journal: The Journal of Economic Education Pages: 203-218 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596103 File-URL: http://hdl.handle.net/10.1080/00220480109596103 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:203-218 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Gärtner Author-X-Name-First: Manfred Author-X-Name-Last: Gärtner Title: Teaching Economics to Undergraduates in Europe: Volume, Structure, and Contents Abstract: Abstract The structure and contents of undergraduate programs in economics and management sciences differ among the major European universities. Based on analyses of curriculums, course syllabuses, and adopted textbooks, the author looks at how much time is spent in pertinent programs, how time is allocated among different courses within programs, what common thematic denominators exist, and finally and most importantly, whether and in what way content taught in micro and macro courses differs. Based on examinations of how the coverage in major textbooks has evolved through successive editions, he also looks for trends and cycles in what is taught in undergraduate micro and macroeconomics. Journal: The Journal of Economic Education Pages: 219-230 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596104 File-URL: http://hdl.handle.net/10.1080/00220480109596104 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:219-230 Template-Type: ReDIF-Article 1.0 Author-Name: W. Lee Hansen Author-X-Name-First: W. Lee Author-X-Name-Last: Hansen Title: Expected Proficiencies for Undergraduate Economics Majors Abstract: Abstract The case for adopting a proficiencies approach to instruction and learning in the economics major is reiterated. This approach focuses on what graduating majors should be able to do with the knowledge and skills they acquire in the major, that is, their ability to demonstrate their learning in practical ways. The author's list of five proficiencies, advanced in the mid-1980s, is reviewed and revised; one additional proficiency is added and several others are refined. The author discusses the emphasis given to these proficiencies with top economics undergraduates at two major research universities, the author's experience with incorporating these proficiencies into his instruction, and the challenge of assessing the ability of economics majors to demonstrate these proficiencies. Journal: The Journal of Economic Education Pages: 231-242 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596105 File-URL: http://hdl.handle.net/10.1080/00220480109596105 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:231-242 Template-Type: ReDIF-Article 1.0 Author-Name: Alan B. Krueger Author-X-Name-First: Alan B. Author-X-Name-Last: Krueger Title: Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage Abstract: Abstract The author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists test hypotheses with data. Journal: The Journal of Economic Education Pages: 243-258 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596106 File-URL: http://hdl.handle.net/10.1080/00220480109596106 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:243-258 Template-Type: ReDIF-Article 1.0 Author-Name: Martin P. Shanahan Author-X-Name-First: Martin P. Author-X-Name-Last: Shanahan Author-Name: Jan H. F. Meyer Author-X-Name-First: Jan H. F. Author-X-Name-Last: Meyer Title: A Student Learning Inventory for Economics Based on the Students' Experience of Learning: A Preliminary Study Abstract: Abstract The authors present the initial development of a student learning inventory (SLI) that is specific to economics. This approach, which is based on the student experience of learning (SEL) literature, emphasizes aspects of prior knowledge in the learning history of entering first-year students. Preliminary insights from a first SLI suggest that on entry to university, students show considerable variation in their perceptions of what economics is and what economists do. From the SEL perspective, such variation affects student learning. It is argued that continued development of an economic-specific SLI may result in a better understanding of students' learning engagement with economics and ultimately assist instructors in better understanding student learning difficulties and increase student success in first-year economics. Journal: The Journal of Economic Education Pages: 259-267 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596107 File-URL: http://hdl.handle.net/10.1080/00220480109596107 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:259-267 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Teaching Methods in U.S. Undergraduate Economics Courses Abstract: Abstract In 1995 and 2000, the authors surveyed academic economists in the United States to establish how economics is taught in four types of undergraduate courses. The authors report overall findings from the 2000 survey and compare these results with the aggregate findings for respondents from all types of colleges and universities in the 1995 survey. The basic finding is that, despite some indications of increased emphasis and interest in teaching over this period, the teaching methods in these courses have changed very little over the past five years and are still dominated by “chalk and talk” classroom presentations. Journal: The Journal of Economic Education Pages: 269-279 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596108 File-URL: http://hdl.handle.net/10.1080/00220480109596108 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:269-279 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Improving Assessment in University Economics Abstract: Abstract The author discusses the following seven issues affecting assessment of undergraduates in universities: decisionmaking and the selection of tests, the use of written and oral assignments to measure learning, the characteristics of grades and portfolios for evaluating students, opportunities for self-assessment and feedback to instructors, retention of learning and the testing for higher-ordered thinking, the psychology of students in the economics classroom, and the development of new tests as public goods. The author suggests ways that economics faculty can add new dimensions to their assessment practices, improve their understanding of assessment choices, use assessment to enhance the quality of student thinking, and conduct research studies on assessment questions. Journal: The Journal of Economic Education Pages: 281-294 Issue: 3 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596109 File-URL: http://hdl.handle.net/10.1080/00220480109596109 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:3:p:281-294 Template-Type: ReDIF-Article 1.0 Author-Name: Elchanan Cohn Author-X-Name-First: Elchanan Author-X-Name-Last: Cohn Author-Name: Sharon Cohn Author-X-Name-First: Sharon Author-X-Name-Last: Cohn Author-Name: Donald C. Balch Author-X-Name-First: Donald C. Author-X-Name-Last: Balch Author-Name: James Bradley Author-X-Name-First: James Author-X-Name-Last: Bradley Title: Do Graphs Promote Learning in Principles of Economics? Abstract: Abstract The authors tested whether student performance in the principles of economics course is affected by the use of graphs as part of a lecture. They conducted two experiments at the University of South Carolina, one in spring 1995 and another in spring 1997. Students were randomly assigned to either a nographs lecture or a lecture with graphs. The main hypothesis was that students in the lectures with graphs would show higher gain scores than those in the nograph lectures (both lectures were videotaped). The authors found that students in the lecture with graphs in 1995 had significantly lower gain scores than those in the no-graphs lecture. For 1997, they found no significant differences in student performance between the two groups. Journal: The Journal of Economic Education Pages: 299-310 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596110 File-URL: http://hdl.handle.net/10.1080/00220480109596110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:299-310 Template-Type: ReDIF-Article 1.0 Author-Name: John Ashworth Author-X-Name-First: John Author-X-Name-Last: Ashworth Author-Name: J. Lynne Evans Author-X-Name-First: J. Lynne Author-X-Name-Last: Evans Title: Modeling Student Subject Choice at Secondary and Tertiary Level: A Cross-Section Study Abstract: Abstract Cross-section data on secondary level student choices provide evidence on factors influencing the decision to study economics. Such evidence makes a key contribution to the broader debates on why student numbers have been falling in economics and why women are reluctant economists. Greater mathematical aptitude and prior knowledge of the subject influence the decision to study economics, and a significant effect is attributable to relative underachievement in economics. There are also significant peer group and teacher effects. Female students are more likely to study economics when there is a critical mass of women studying the subject. There is a positive role model effect of female teachers—although this does not carry over to the decision to continue with economics at the university. Journal: The Journal of Economic Education Pages: 311-320 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596111 File-URL: http://hdl.handle.net/10.1080/00220480109596111 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:311-320 Template-Type: ReDIF-Article 1.0 Author-Name: Elizabeth J. Jensen Author-X-Name-First: Elizabeth J. Author-X-Name-Last: Jensen Author-Name: Ann L. Owen Author-X-Name-First: Ann L. Author-X-Name-Last: Owen Title: Pedagogy, Gender, and Interest in Economics Abstract: Abstract Using a large multi-school sample, the authors examined how the characteristics and attitudes of students interact with the pedagogy and attributes of the instructor to influence students' decisions to study economics beyond the first semester. They found that students who have a predisposition to major in economics, who find economics relevant, who believe they understand economics as well as their classmates, and who expect higher grades in economics relative to their other classes are more likely to continue. They found evidence that teaching techniques and evaluation methods influence all of these factors except for the predisposition to major in economics. Some, but not all, of these techniques are particularly successful in influencing the decisions of female students. Journal: The Journal of Economic Education Pages: 323-343 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596112 File-URL: http://hdl.handle.net/10.1080/00220480109596112 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:323-343 Template-Type: ReDIF-Article 1.0 Author-Name: Denise L. Stanley Author-X-Name-First: Denise L. Author-X-Name-Last: Stanley Title: Wealth Distribution and Imperfect Factor Markets: A Classroom Experiment Abstract: Abstract The author presents a simple exercise to demonstrate how initial property distribution can affect final wealth patterns in developing areas of the world. The simulation is a variant of the Monopoly board game in which students role play different members of a market in which they each face different rules of credit access and salary patterns. The property distribution and new mortgage rules reflect the reality of many developing areas. The simulation can be completed in one full class period and has proven successful in making students more sensitive to wealth distribution issues. Students have suggested several variations of this simulation to make it applicable across more settings. Journal: The Journal of Economic Education Pages: 344-355 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596113 File-URL: http://hdl.handle.net/10.1080/00220480109596113 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:344-355 Template-Type: ReDIF-Article 1.0 Author-Name: John R. Swinton Author-X-Name-First: John R. Author-X-Name-Last: Swinton Author-Name: Christopher R. Thomas Author-X-Name-First: Christopher R. Author-X-Name-Last: Thomas Title: Using Empirical Point Elasticities to Teach Tax Incidence Abstract: Abstract Using point elasticities rather than using either arc elasticities or slopes of demand and supply curves provides the best method for teaching students about the economic impacts of excise taxes. Not only does a point-elasticity approach simplify theoretical analysis of tax impacts, but it also allows instructors to take advantage of publicly available empirical estimates of demand and supply elasticities to show students how theoretical results can be applied to real-world tax policy issues. To illustrate these advantages, the authors use several available estimates of point elasticities of demand and supply of raw sugar to calculate the economic impacts of a recently proposed penny-per-pound tax on raw cane sugar grown in the Florida Everglades. Journal: The Journal of Economic Education Pages: 356-368 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596114 File-URL: http://hdl.handle.net/10.1080/00220480109596114 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:356-368 Template-Type: ReDIF-Article 1.0 Author-Name: Ching-Chong Lai Author-X-Name-First: Ching-Chong Author-X-Name-Last: Lai Author-Name: Juin-Jen Chang Author-X-Name-First: Juin-Jen Author-X-Name-Last: Chang Title: A Note on Inflation Targeting Abstract: Abstract The authors present a pedagogical graphical exposition to illustrate the stabilizing effect of price target zones. Based on a textbook AD-AS apparatus, they find that authorities' commitment to defend a price target zone will affect the public's inflation expectations and, in turn, reduce actual inflation. They also find that, when the economy experiences supply shocks, the announcement that the monetary authorities intend to defend a price target zone will reduce the variability of domestic prices but raise the variability of domestic output relative to a free-price regime. However, when the economy experiences demand shocks, a price target zone tends to lower the variability of both domestic prices and out-put relative to a free-price regime. Journal: The Journal of Economic Education Pages: 369-380 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596115 File-URL: http://hdl.handle.net/10.1080/00220480109596115 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:369-380 Template-Type: ReDIF-Article 1.0 Author-Name: S. Kirk Elwood Author-X-Name-First: S. Kirk Author-X-Name-Last: Elwood Title: Oil-Price Shocks: Beyond Standard Aggregate Demand/Aggregate Supply Analysis Abstract: Abstract The author explores the problems of portraying oil-price shocks using the aggregate demand/aggregate supply model. Although oil-price shocks are the most commonly cited examples of aggregate supply shocks, they violate the model's assumption of constant relative prices (as acknowledged by the label, “oil-price shocks”). The resulting problems are effectively masked in textbook presentations by implicitly assuming that the supply shocks occur in a closed economy. However, the typical discussion is glaringly inaccurate when discussing the effects of oil-price shocks on oil-rich countries. Thus, the cogency of the standard model's representation of oil-price shocks on open economies is compromised. A simple modification of the model that differentiates between production and absorption goods enables it to better reflect the effects of oil-price shocks on open economies. Journal: The Journal of Economic Education Pages: 381-386 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596116 File-URL: http://hdl.handle.net/10.1080/00220480109596116 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:381-386 Template-Type: ReDIF-Article 1.0 Author-Name: James Dearden Author-X-Name-First: James Author-X-Name-Last: Dearden Author-Name: Larry Taylor Author-X-Name-First: Larry Author-X-Name-Last: Taylor Author-Name: Robert Thornton Author-X-Name-First: Robert Author-X-Name-Last: Thornton Title: A Benchmark Profile of Economics Departments in 15 Private Universities Abstract: Abstract During the spring of 1999, the authors completed a benchmarking survey of 15 economics departments in private universities as part of a strategic planning exercise. All are selective medium-sized institutions that experience roughly the same types of market pressures and compete for the same types of students. The authors report the information gleaned from the survey concerning such items as departmental resources, teaching loads, class sizes, departmental research expectations, and weights given to research, teaching, and service in salary determination and promotion. The authors believe that their results and methods might be useful to other economics departments engaging in bench-marking exercises. Journal: The Journal of Economic Education Pages: 387-396 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596117 File-URL: http://hdl.handle.net/10.1080/00220480109596117 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:387-396 Template-Type: ReDIF-Article 1.0 Author-Name: Humberto Barreto Author-X-Name-First: Humberto Author-X-Name-Last: Barreto Title: Teaching Comparative Statics with Microsoft Excel Journal: The Journal of Economic Education Pages: 397-397 Issue: 4 Volume: 32 Year: 2001 Month: 1 X-DOI: 10.1080/00220480109596118 File-URL: http://hdl.handle.net/10.1080/00220480109596118 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:32:y:2001:i:4:p:397-397 Template-Type: ReDIF-Article 1.0 Author-Name: Paul W. Grimes Author-X-Name-First: Paul W. Author-X-Name-Last: Grimes Title: The Overconfident Principles of Economics Student: An Examination of a Metacognitive Skill Abstract: Abstract Students in a large principles of macroeconomics class were asked to predict their performance on a regularly scheduled midterm examination. The author collected and analyzed data to examine the effect of various demographic characteristics, academic endowments, course preparation, and course performance variables on the accuracy of pretest expectations. A two-equation recursive model was estimated by the author to determine which factors influenced the accuracy of student expectations (predictive calibration). The results indicated that a pervasive degree of overconfidence existed within the sample. Although age and overall academic performance were found to temper overconfidence, students with credit in a previous economics course had a greater probability of reporting overconfident expectations. Overconfidence was found to be associated with lower degrees of predictive calibration. Misjudgments concerning the scope of the midterm were found to lower predictive calibration scores, ceteris paribus. These and other results indicate that unmet student performance expectations may be a root cause for the routinely observed student dissatisfaction within the traditional principles course. Journal: The Journal of Economic Education Pages: 15-30 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596121 File-URL: http://hdl.handle.net/10.1080/00220480209596121 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:15-30 Template-Type: ReDIF-Article 1.0 Author-Name: Mary O. Borg Author-X-Name-First: Mary O. Author-X-Name-Last: Borg Author-Name: Harriet A. Stranahan Author-X-Name-First: Harriet A. Author-X-Name-Last: Stranahan Title: Personality Type and Student Performance in Upper-Level Economics Courses: The Importance of Race and Gender Abstract: Abstract The authors demonstrate that personality type is an important explanatory variable in student performance in economics courses at the upper level, just as it was at the principles level. Similar to the results for principles students, they find that introverted students make better grades in their upper-level economics classes than identical students who are extroverts. They also find that students with SJ temperaments make significantly better grades in upper-level economics than identical students with SP temperaments. They find that certain personality types combine with certain race and gender effects to produce students who outperform other students. Adding a different dimension to the literature on minority educational attainment, their results suggest that African Americans do not perform more poorly than nonblacks in economics. They perform as well as ordinary students of any race, they are just less likely to be “star performers”. Journal: The Journal of Economic Education Pages: 3-14 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596120 File-URL: http://hdl.handle.net/10.1080/00220480209596120 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:3-14 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Santos Author-X-Name-First: Joseph Author-X-Name-Last: Santos Title: Developing and Implementing an Internet-Based Financial System Simulation Game Abstract: Abstract Thanks to the Internet and server-side technology such as Active Server Pages (ASP), faculty can develop, implement, and share interactive pedagogy easily and inexpensively. The Financial System Simulator (FSS) is an example of an interactive game that the author has developed. The FSS is an Internet-based, interactive teaching aid that introduces undergraduate students to the domestic and international consequences of monetary policy. Although simulators are common among computer-aided interactive learning devices in today's undergraduate economics curricula, the FSS is different from the others because it allows students, who represent nations, to interact with each other rather than with a computer. The exercise provides users with real-time outcomes based on their decisions, as well as the decisions of other students. According to student surveys, the game helped students understand monetary policy and kept students motivated and interested. Journal: The Journal of Economic Education Pages: 31-40 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596122 File-URL: http://hdl.handle.net/10.1080/00220480209596122 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:31-40 Template-Type: ReDIF-Article 1.0 Author-Name: John C. Eckalbar Author-X-Name-First: John C. Author-X-Name-Last: Eckalbar Title: An Extended Duopoly Game Abstract: Abstract The author shows how principles and intermediate economic students can gain a feel for strategic price setting by playing a relatively large oligopoly game. The author constructs a playoff matrix and discusses various strategies and outcomes. The game extends to a continuous price space and outlines various applications appropriate for intermediate micro students. Finally, to make it easier for others to tinker with the assumptions of the game, the author can provide the Mathematica code used to generate the table and figures. Journal: The Journal of Economic Education Pages: 41-52 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596123 File-URL: http://hdl.handle.net/10.1080/00220480209596123 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:41-52 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey A. Jehle Author-X-Name-First: Geoffrey A. Author-X-Name-Last: Jehle Title: On the Geometry of Constant Returns Abstract: Abstract Constant returns to scale, always a simplifying assumption, is often also much more: many important results depend critically on the very special properties of this class of production function. The author provides a unified set of simple proofs for most of the crucial analytical properties of constant returns production and their implications for firm costs. He uses only familiar diagrams and high school geometry, and the proofs are written to be easily understood by college sophomores. Journal: The Journal of Economic Education Pages: 53-68 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596124 File-URL: http://hdl.handle.net/10.1080/00220480209596124 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:53-68 Template-Type: ReDIF-Article 1.0 Author-Name: Clark Wiseman Author-X-Name-First: Clark Author-X-Name-Last: Wiseman Title: The Mutual Intertemporal Benefits from Depletable Resource Use Abstract: Abstract For the two-period case, the author offers a graphical proof of the proposition that the dynamically efficient allocation of a depletable, nonrenewable resource allows higher net benefits to users in both time periods than any other allocation. Unlike the pedagogical technique of numerical illustration used heretofore, the result is more general and does not require numerical specification of the model's parameters. Journal: The Journal of Economic Education Pages: 69-72 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596125 File-URL: http://hdl.handle.net/10.1080/00220480209596125 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:69-72 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Shmanske Author-X-Name-First: Stephen Author-X-Name-Last: Shmanske Title: Enrollment and Curriculum: A Laffer Curve Analysis Abstract: Abstract When a college or graduate school toughens its curriculum, entry requirements, or graduation requirements, generally two opposite effects on enrollment will occur. First, because the graduating students have learned more and can signal to employers that they are more able, they can command higher starting wages, and this enhances enrollment. Second, the pool of students who are both eligible to enroll and able to complete the program is diminished, having a negative effect on enrollment. The resulting curve depicting enrollment as a function of the difficulty of the curriculum has the general Laffer curve properties and can be fruitfully examined. A preoccupation with current enrollment levels can lead to pressure to ease the difficulty of the curriculum, however doing so will backfire in the long run. Journal: The Journal of Economic Education Pages: 73-82 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596126 File-URL: http://hdl.handle.net/10.1080/00220480209596126 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:73-82 Template-Type: ReDIF-Article 1.0 Author-Name: Mark H. Maier Author-X-Name-First: Mark H. Author-X-Name-Last: Maier Title: A Critical Review of Learning from the Market: Integrating The Stock Market Game across the Curriculum Abstract: Abstract Learning from the Market: Integrating The Stock Market Game across the Curriculum is a guide for teachers of economics, mathematics, social studies, and language arts in grades 4 to 12. The author believes that Learning from the Market suffers from errors of fact and omission that seriously detract from its usefulness as a guide to the stock market and the economy. He suggests corrections and alternative activities that will enable instructors to continue to use the guide in conjunction with ever-popular stock market simulations. Journal: The Journal of Economic Education Pages: 83-88 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596127 File-URL: http://hdl.handle.net/10.1080/00220480209596127 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:83-88 Template-Type: ReDIF-Article 1.0 Author-Name: J. Wilson Mixon Author-X-Name-First: J. Wilson Author-X-Name-Last: Mixon Author-Name: Soumaya M. Tohemy Author-X-Name-First: Soumaya M. Author-X-Name-Last: Tohemy Title: Cost Curves and How They Relate Journal: The Journal of Economic Education Pages: 89-89 Issue: 1 Volume: 33 Year: 2002 Month: 1 X-DOI: 10.1080/00220480209596128 File-URL: http://hdl.handle.net/10.1080/00220480209596128 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:1:p:89-89 Template-Type: ReDIF-Article 1.0 Author-Name: Kevin N. Rask Author-X-Name-First: Kevin N. Author-X-Name-Last: Rask Author-Name: Elizabeth M. Bailey Author-X-Name-First: Elizabeth M. Author-X-Name-Last: Bailey Title: Are Faculty Role Models? Evidence from Major Choice in an Undergraduate Institution Abstract: The gap between men's and women's choice of college majors has not changed over the past two decades. One aspect of the debate surrounding their choice is the presence or absence of women and minority faculty role models who could attract female and minority students to a particular major. The authors provide new evidence using micro-data from student records, transcript records, and faculty records from the Colgate University classes of 1988--2000. The authors found role-model effects for women, minorities, and men. The proportion of classes taken with a faculty member "like-you" has a positive effect on the probability that a student will choose that major. These results support the idea that faculty members can exert a role-model effect on women and minority undergraduates. Journal: The Journal of Economic Education Pages: 99-124 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596461 File-URL: http://hdl.handle.net/10.1080/00220480209596461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:99-124 Template-Type: ReDIF-Article 1.0 Author-Name: Jan R. Magnus Author-X-Name-First: Jan R. Author-X-Name-Last: Magnus Author-Name: Victor M. Polterovich Author-X-Name-First: Victor M. Author-X-Name-Last: Polterovich Author-Name: Dmitri L. Danilov Author-X-Name-First: Dmitri L. Author-X-Name-Last: Danilov Author-Name: Alexei V. Savvateev Author-X-Name-First: Alexei V. Author-X-Name-Last: Savvateev Title: Tolerance of Cheating: An Analysis Across Countries Abstract: Cheating is a serious problem in many countries. The cheater gets higher marks than deserved, thus reducing the efficiency of a country's educational system. In this study, the authors did not ask if and how often the student had cheated, but rather what the student's opinion was about a cheating situation. They investigated whether attitudes differ among students in Russia, the Netherlands, Israel, and the United States and conclude that attitudes toward cheating differ considerably between these countries. They offer various explanations of this phenomenon. In addition, they find that the student's attitude toward cheating depends on the student's educational level (high school, undergraduate, postgraduate). Finally, they show that the data from the sample can be aggregated in a natural and elegant way, and they suggest a tolerance-of-cheating index for each country. Journal: The Journal of Economic Education Pages: 125-135 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596462 File-URL: http://hdl.handle.net/10.1080/00220480209596462 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:125-135 Template-Type: ReDIF-Article 1.0 Author-Name: David L. Dickinson Author-X-Name-First: David L. Author-X-Name-Last: Dickinson Title: A Bargaining Experiment to Motivate Discussion on Fairness Abstract: The author presents a classroom version of the popular research game called the Ultimatum Game. Researchers are placing growing importance on how fairness affects behavior, and this experiment provides a useful, fun, and engaging way in which a day or two of class time can be spent on the topic. The appendix contains all of the materials necessary to conduct this experiment, and the experiment can highlight several items of interest for the instructor. First, different individuals place different subjective weights on concerns for fairness versus money. Second, theories that incorporate concerns for fairness into agents' preferences can often explain behavior better than those that do not. Finally, when it is relatively cheap to purchase fairness (or equality) individuals purchase more of it. The classroom results can motivate discussion of a downward sloping demand curve for fairness. Journal: The Journal of Economic Education Pages: 136-151 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596463 File-URL: http://hdl.handle.net/10.1080/00220480209596463 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:136-151 Template-Type: ReDIF-Article 1.0 Author-Name: Matt Benge Author-X-Name-First: Matt Author-X-Name-Last: Benge Author-Name: Graeme Wells Author-X-Name-First: Graeme Author-X-Name-Last: Wells Title: Growth and the Current Account in a Small Open Economy Abstract: The authors provide a framework with which to analyze growth in a small economy with perfect capital mobility. The framework provides a diagrammatic representation of steady states that differs in interesting and important ways from the usual closed-economy Solow-Swan diagram. The authors use the key diagrams to illustrate the effects of changes in parameters such as the saving rate and productivity growth on steady-state values of macroeconomic aggregates. They compare the steady-state results for the open economy with those obtained using the more familiar closed-economy model. They illustrate the possibility of endogenous income growth. Journal: The Journal of Economic Education Pages: 152-165 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596464 File-URL: http://hdl.handle.net/10.1080/00220480209596464 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:152-165 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph S. Desalvo Author-X-Name-First: Joseph S. Author-X-Name-Last: Desalvo Author-Name: Mobinul Huq Author-X-Name-First: Mobinul Author-X-Name-Last: Huq Title: Introducing Nonlinear Pricing into Consumer Choice Theory Abstract: Introducing nonlinear pricing into the teaching of consumer choice theory would provide an extension that introduces the student to a ubiquitous phenomenon and would enable the instructor to develop some interesting behavioral results. After distinguishing linear and nonlinear pricing, the authors derive the tariff, the consumer budget equation, and some behavioral implications for various nonlinear pricing policies. They show, among other things, that under some forms of nonlinear pricing, after a price rise people may buy more of a commodity or more of a commodity than would have been bought under linear pricing. They note some complications arising in the treatment of quantity discounts and premia. Journal: The Journal of Economic Education Pages: 166-179 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596465 File-URL: http://hdl.handle.net/10.1080/00220480209596465 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:166-179 Template-Type: ReDIF-Article 1.0 Author-Name: J. Lon Carlson Author-X-Name-First: J. Lon Author-X-Name-Last: Carlson Author-Name: Raymond L. Cohn Author-X-Name-First: Raymond L. Author-X-Name-Last: Cohn Author-Name: David D. Ramsey Author-X-Name-First: David D. Author-X-Name-Last: Ramsey Title: Implementing Hansen's Proficiencies Abstract: The authors describe the framework their department has adopted to incorporate the attainment of Hansen's (1986) proficiencies into the curriculum. Major changes include the identification of tools students should be able to use to complete specific activities, significant changes in prerequisites for upper-division courses, and the development of a capstone experience designed to bring together the various tools the student has been introduced to as he or she proceeds through the major. They believe that the design characteristics of their capstone experience promote the achievement of Hansen's proficiencies, and the framework described here could be easily adopted by other departments. Journal: The Journal of Economic Education Pages: 180-191 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596466 File-URL: http://hdl.handle.net/10.1080/00220480209596466 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:180-191 Template-Type: ReDIF-Article 1.0 Author-Name: Jane Lopus Author-X-Name-First: Jane Author-X-Name-Last: Lopus Author-Name: Dennis Placone Author-X-Name-First: Dennis Author-X-Name-Last: Placone Title: Online Stock Market Games for High Schools Journal: The Journal of Economic Education Pages: 192-192 Issue: 2 Volume: 33 Year: 2002 Month: 6 X-DOI: 10.1080/00220480209596467 File-URL: http://hdl.handle.net/10.1080/00220480209596467 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:2:p:192-192 Template-Type: ReDIF-Article 1.0 Author-Name: William C. Wood Author-X-Name-First: William C. Author-X-Name-Last: Wood Author-Name: Joanne M. Doyle Author-X-Name-First: Joanne M. Author-X-Name-Last: Doyle Title: Economic Literacy Among Corporate Employees Abstract: The authors report on the results of a telephone survey of 1,001 employees of seven large corporations conducted for the Business Roundtable as part of its public policy program. A set of 20 questions keyed to the Voluntary National Content Standards in Economics was embedded in the survey. A measure of economic literacy was constructed from the survey results. Greater economic literacy was associated with more overall education, more college economics coursework, high incomes, and being male. An examination of individual test questions revealed that previous college economics had substantial effects on employees' current economic literacy. Journal: The Journal of Economic Education Pages: 195-205 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595186 File-URL: http://hdl.handle.net/10.1080/00220480209595186 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:195-205 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Bodo Author-X-Name-First: Peter Author-X-Name-Last: Bodo Title: In-class Simulations of the Iterated Prisoner's Dilemma Game Abstract: The author developed a simple computer program for the in-class simulation of the repeated prisoner's dilemma game with student-designed strategies. He describes the basic features of the software and presents two examples for the use of the program in teaching the problems of cooperation among profit-maximizing agents. Journal: The Journal of Economic Education Pages: 207-216 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595187 File-URL: http://hdl.handle.net/10.1080/00220480209595187 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:207-216 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Hansen Author-X-Name-First: Paul Author-X-Name-Last: Hansen Title: Another Graphical Proof of Arrow's Impossibility Theorem Abstract: Arrow's (1951) Impossibility Theorem is the idea that, given several well-known assumptions, the social orderings of particular alternatives that are meant to reflect individuals' preferences must match the preferences of an arbitrary individual (the dictator). A social-choice rule other than dictatorship is impossible. Following from Fountain (2000), the author presents another graphical proof of the theorem that is intended to be more accessible to students and teachers of economics. The principal strength of this approach is that the patterns of agreements and conflicts over all possible combinations of two individuals' rankings of alternatives are transparent; appreciating these patterns is the key to intuitively understanding Arrow's theorem. A self-test for readers (or a classroom exercise for students) is included. Journal: The Journal of Economic Education Pages: 217-235 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595188 File-URL: http://hdl.handle.net/10.1080/00220480209595188 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:217-235 Template-Type: ReDIF-Article 1.0 Author-Name: Kelly L. Giraud Author-X-Name-First: Kelly L. Author-X-Name-Last: Giraud Author-Name: Mark Herrmann Author-X-Name-First: Mark Author-X-Name-Last: Herrmann Title: Classroom Games: The Allocation of Renewable Resources Under Different Property Rights and Regulation Schemes Abstract: The authors describe a renewable resource allocation game designed to stimulate students' interest in and understanding of market failure associated with open-access types of resource use. They also use the game to discuss the advantages and disadvantages of various property rights and regulation schemes. Because this exercise demonstrates the power of unregulated and regulated economic incentives, many types of students may benefit from this game, including undergraduates enrolled in the standard introductory and in more advanced microeconomics classes, as well as courses in environmental economics and natural resource economics. This game was specifically designed so that noneconomics majors in natural resource management and environmental courses could also benefit. Journal: The Journal of Economic Education Pages: 236-253 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595189 File-URL: http://hdl.handle.net/10.1080/00220480209595189 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:236-253 Template-Type: ReDIF-Article 1.0 Author-Name: Bradley A. Hansen Author-X-Name-First: Bradley A. Author-X-Name-Last: Hansen Title: The Fable of the Allegory: The Wizard of Oz in Economics Abstract: L. Frank Baum's The Wonderful Wizard of Oz has become popular as a teaching tool in economics. It has been argued that it was written as an allegory of Populist demands for a bimetallic monetary system in the late 19th century. The author argues that Baum was not sympathetic to Populist views and did not write the story as a monetary allegory. Journal: The Journal of Economic Education Pages: 254-264 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595190 File-URL: http://hdl.handle.net/10.1080/00220480209595190 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:254-264 Template-Type: ReDIF-Article 1.0 Author-Name: Xianming Zhou Author-X-Name-First: Xianming Author-X-Name-Last: Zhou Title: A Graphical Approach to the Standard Principal-Agent Model Abstract: An obstacle to the teaching of principal-agent theory is the technical complexity and intractability of the general model. Even in academic studies strong assumptions are often imposed so as to derive an analytical solution. The author describes a graphical approach to the standard principal-agent model. Characterizing equilibrium in the contract space defined by the incentive parameter and insurance component of pay under a linear contract, this approach provides a simple and intuitive method for analyzing the principal-agent problem, which can be easily understood by students of economics with basic knowledge of algebra and differentiation. The approach has shown to be convenient and rich for comparative statics analyses. Journal: The Journal of Economic Education Pages: 265-276 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595191 File-URL: http://hdl.handle.net/10.1080/00220480209595191 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:265-276 Template-Type: ReDIF-Article 1.0 Author-Name: David W. Weber Author-X-Name-First: David W. Author-X-Name-Last: Weber Title: Pollution Permits: A Discussion of Fundamentals Abstract: The author provides an economic analysis of tradable pollution permits by clarifying the derivation of permit supply and demand relationships and connecting those concepts to permit trading for the case of two polluters. Using the standard comparison of costs and benefits, he makes the marginal cost of emission reduction of a typical polluter the basis of the derivation of its permit supply and demand schedules. Developing these relationships for both polluters allows the creation of market schedules for permit supply and demand. He demonstrates equilibrium in the market for permits and the corresponding trading of permits. He discusses the satisfaction of the equi-marginal principle, which ensures that pollution reduction is achieved efficiently. The author concludes by considering the consequences of the presence of a third polluter in the market for permits. Journal: The Journal of Economic Education Pages: 277-290 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595192 File-URL: http://hdl.handle.net/10.1080/00220480209595192 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:277-290 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991 to 2001 Journal: The Journal of Economic Education Pages: 291-294 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595193 File-URL: http://hdl.handle.net/10.1080/00220480209595193 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:291-294 Template-Type: ReDIF-Article 1.0 Author-Name: Patricia K. Smith Author-X-Name-First: Patricia K. Author-X-Name-Last: Smith Title: Facilitating Student Experimentation with Statistical Concepts Journal: The Journal of Economic Education Pages: 295-295 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595194 File-URL: http://hdl.handle.net/10.1080/00220480209595194 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:295-295 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis A. Kaufman Author-X-Name-First: Dennis A. Author-X-Name-Last: Kaufman Author-Name: Rebecca S. Kaufman Author-X-Name-First: Rebecca S. Author-X-Name-Last: Kaufman Title: Interactive Web Graphs for Economic Principles Journal: The Journal of Economic Education Pages: 296-296 Issue: 3 Volume: 33 Year: 2002 Month: 9 X-DOI: 10.1080/00220480209595195 File-URL: http://hdl.handle.net/10.1080/00220480209595195 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:296-296 Template-Type: ReDIF-Article 1.0 Author-Name: Belton Fleisher Author-X-Name-First: Belton Author-X-Name-Last: Fleisher Author-Name: Masanori Hashimoto Author-X-Name-First: Masanori Author-X-Name-Last: Hashimoto Author-Name: Bruce A. Weinberg Author-X-Name-First: Bruce A. Author-X-Name-Last: Weinberg Title: Foreign GTAs Can Be Effective Teachers of Economics Abstract: The authors assess the impact of foreign graduate teaching associates (GTAs) on undergraduate economics instruction where the standard language for the majority of students is English. They find little evidence that foreign GTAs adversely affect grades in economics principles courses or students' choices of additional economics courses. In some cases, the impact of a foreign GTA is significantly positive. The authors consider a range of definitions of foreign, including nationality, language, and political background, and find the nonnegative foreign GTA effect to be robust. Their findings suggest that when foreign GTAs are properly screened and trained in spoken English and in teaching skills, they are at least as effective in providing economic education as GTAs from the United States. Journal: The Journal of Economic Education Pages: 299-325 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595329 File-URL: http://hdl.handle.net/10.1080/00220480209595329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:299-325 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas P. Andrews Author-X-Name-First: Thomas P. Author-X-Name-Last: Andrews Title: The Paper River Revisited: A Common Property Externality Exercise Abstract: The author describes a modified version of the Paper River exercise that appeared in this journal in the Spring 1999 issue. The original game was designed to illustrate the application of the Coase theorem for solving an externality problem. In the Paper River, pairs of students share a single productive resource: small pieces of paper. At question is who has the rights to the paper. The author presents a modified version of the game that retains many of the same elements from the original, but the students work in groups rather than in pairs. Doing so increases the transaction costs associated with negotiating a solution. In addition, the productive resource is common property, so property rights are difficult to establish. These difficulties make a Coasian solution more difficult but make the simulation more realistic. Journal: The Journal of Economic Education Pages: 327-332 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595330 File-URL: http://hdl.handle.net/10.1080/00220480209595330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:327-332 Template-Type: ReDIF-Article 1.0 Author-Name: Carl E. Walsh Author-X-Name-First: Carl E. Author-X-Name-Last: Walsh Title: Teaching Inflation Targeting: An Analysis for Intermediate Macro Abstract: Over the last decade, many central banks have adopted policies known as inflation targeting. If intermediate-level macroeconomics students are to be prepared to think about current policy issues, it is important to provide them with an introduction to the macroeconomic implications of inflation targeting. Unfortunately, the standard aggregate demand-aggregate supply frameworks commonly used to teach intermediate macroeconomics are not well suited for this task because they are expressed in terms of output and the price level and because they fail to make explicit the policy objectives of the central bank. The author provides a simple graphical device involving the output gap and the inflation rate that overcomes these problems and that can be used to teach intermediate macroeconomics students about inflation targeting. Journal: The Journal of Economic Education Pages: 333-346 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595331 File-URL: http://hdl.handle.net/10.1080/00220480209595331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:333-346 Template-Type: ReDIF-Article 1.0 Author-Name: Robert W. Turner Author-X-Name-First: Robert W. Author-X-Name-Last: Turner Title: Market Failures and the Rationale for National Parks Abstract: America's national park system is widely admired, but the economic rationale for national parks is not compelling. The author discusses how market failures of various kinds can, in principle, be used to justify national parks. The best rationale for national parks is based on existence or nonuse values rather than on their recreational aspects. The author also shows that more evidence, especially regarding the costs of providing and operating parks and the magnitude of nonuse values, needs to be gathered before the case for national parks becomes compelling. Although this evidence will be difficult to obtain, it is hard to give an economic rationale for national parks without it. Journal: The Journal of Economic Education Pages: 347-356 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595332 File-URL: http://hdl.handle.net/10.1080/00220480209595332 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:347-356 Template-Type: ReDIF-Article 1.0 Author-Name: R. A. Somerville Author-X-Name-First: R. A. Author-X-Name-Last: Somerville Author-Name: Paul G. J. O'connell Author-X-Name-First: Paul G. J. Author-X-Name-Last: O'connell Title: On the Endogeneity of the Mean-Variance Efficient Frontier Abstract: The endogeneity of the efficient frontier in the mean-variance model of portfolio selection is commonly obscured in the portfolio selection literature and in widely used textbooks. The authors demonstrate this endogeneity and discuss the impact of parameter changes on the mean-variance efficient frontier and on the beta coefficients of individual assets. Journal: The Journal of Economic Education Pages: 357-366 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595333 File-URL: http://hdl.handle.net/10.1080/00220480209595333 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:357-366 Template-Type: ReDIF-Article 1.0 Author-Name: William Breit Author-X-Name-First: William Author-X-Name-Last: Breit Author-Name: Kenneth G. Elzinga Author-X-Name-First: Kenneth G. Author-X-Name-Last: Elzinga Title: Economics as Detective Fiction Abstract: Almost all good economic analysis is structured like classical detective fiction. This relationship goes well beyond the obvious fact that both detective fiction and economic analysis involve puzzles. The economist's epistemology, presented in the form of scientific narratives, runs parallel to the puzzle-solving processes of the mastermind sleuth presented in the form of fictional narratives. The family resemblance between economic analysis and the classic whodunit becomes even more transparent by noticing another important characteristic they share: the concept of equilibrium. Examples chosen from recent economic literature bring the argument into sharper focus. In each instance, the solution to the puzzles that lie at the heart of their respective domains must be ingenious and surprising in order to be persuasive. Journal: The Journal of Economic Education Pages: 367-376 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595334 File-URL: http://hdl.handle.net/10.1080/00220480209595334 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:367-376 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Wattsee Author-X-Name-First: Michael Author-X-Name-Last: Wattsee Title: How Economists Use Literature and Drama Abstract: A review of how, in their professional writings, economists have used passages, plots, characters, themes, and ideas from literature and drama. Journal: The Journal of Economic Education Pages: 377-386 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595335 File-URL: http://hdl.handle.net/10.1080/00220480209595335 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:377-386 Template-Type: ReDIF-Article 1.0 Author-Name: Antonio Avalos Author-X-Name-First: Antonio Author-X-Name-Last: Avalos Author-Name: Orley M. Amos Author-X-Name-First: Orley M. Author-X-Name-Last: Amos Title: AmosWEB ... Economics with a Touch of Whimsy! Journal: The Journal of Economic Education Pages: 387-387 Issue: 4 Volume: 33 Year: 2002 Month: 12 X-DOI: 10.1080/00220480209595336 File-URL: http://hdl.handle.net/10.1080/00220480209595336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:387-387 Template-Type: ReDIF-Article 1.0 Author-Name: Andreas Ortmann Author-X-Name-First: Andreas Author-X-Name-Last: Ortmann Title: Bertrand Price Undercutting: A Brief Classroom Demonstration Abstract: Abstract The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory. Journal: The Journal of Economic Education Pages: 21-26 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595197 File-URL: http://hdl.handle.net/10.1080/00220480309595197 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:21-26 Template-Type: ReDIF-Article 1.0 Author-Name: Steven R. Beckman Author-X-Name-First: Steven R. Author-X-Name-Last: Beckman Title: Cournot and Bertrand Games Abstract: Abstract The author describes a series of matrix choice games illustrating monopoly, shared monopoly, Cournot, Bertrand, and Stackelberg behavior given either perfect complements or perfect substitutes. The games are created by using a spreadsheet to fill out a profit table given the choices of two players. One player selects the column, the other the row, and the table gives the profit of the row chooser. Because each player has a table, each thinks of him- or herself as the row chooser and the other as the column chooser. The games may be applied to international trade through the traditional Boeing v. Airbus story or, more currently, through foreign sales corporations. Addition of Bertrand competition allows discussion of price wars, and addition of perfect complements allows discussion of the proposed Microsoft breakup. Journal: The Journal of Economic Education Pages: 27-35 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595198 File-URL: http://hdl.handle.net/10.1080/00220480309595198 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:27-35 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Pingle Author-X-Name-First: Mark Author-X-Name-Last: Pingle Title: Introducing Dynamic Analysis Using Malthus's Principle of Population Abstract: Abstract Dynamic models are increasingly used in economics, especially in macroeconomics. However, the skills required for constructing and analyzing dynamic models are advanced relative to those required for static models. Consequently, dynamic models are difficult to introduce into courses where the technical skills of students are modest or substantially varied. The author illustrates that, because it is inherently dynamic, Malthus's Principle of Population provides a natural context for introducing dynamic analysis. Moreover, the context is useful for reviewing many mathematical tools and theoretical constructs often used in economics. Journal: The Journal of Economic Education Pages: 3-20 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595196 File-URL: http://hdl.handle.net/10.1080/00220480309595196 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:3-20 Template-Type: ReDIF-Article 1.0 Author-Name: Steven A. Greenlaw Author-X-Name-First: Steven A. Author-X-Name-Last: Greenlaw Author-Name: Stephen B. Deloach Author-X-Name-First: Stephen B. Author-X-Name-Last: Deloach Title: Teaching Critical Thinking with Electronic Discussion Abstract: Abstract One of the products of a liberal undergraduate education is the ability to think critically. In practice, critical thinking is a skill that economics students are supposed to master as they complete their studies. However, exactly what critical thinking means is generally not well defined. Building on the literature on critical thinking, the authors examine how electronic discussion can be used effectively to teach this skill. Because of the multiplicity of views expressed, the asynchronous nature of the technology, and the inherent positive spillovers that are created, electronic discussion appears to provide a natural framework for teaching critical thinking. Journal: The Journal of Economic Education Pages: 36-52 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595199 File-URL: http://hdl.handle.net/10.1080/00220480309595199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:36-52 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory A. Trandel Author-X-Name-First: Gregory A. Author-X-Name-Last: Trandel Title: Demonstrating the Equivalence between Two Methods of Measuring Excess Burden Abstract: Abstract Excess burden is a key concept in the field of public economics, and the authors of most public finance textbooks describe more than one way to measure it. Excess burden can, for example, be viewed as the area of a triangle underneath a demand curve or as the value of a mathematical formula. To emphasize that these approaches measure the same concept, an instructor can show that changing any relevant variable has the same effect on excess burden in both representations. In so doing, instructors must take particular care when drawing the demand curves associated with changes in price and quantity. Journal: The Journal of Economic Education Pages: 54-59 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595200 File-URL: http://hdl.handle.net/10.1080/00220480309595200 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:54-59 Template-Type: ReDIF-Article 1.0 Author-Name: Eleanor Brown Author-X-Name-First: Eleanor Author-X-Name-Last: Brown Title: Comment: An Algebra-Based Complement to “Demonstrating the Equivalence Between Two Methods of Measuring Excess Burden” Journal: The Journal of Economic Education Pages: 60-60 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595201 File-URL: http://hdl.handle.net/10.1080/00220480309595201 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:60-60 Template-Type: ReDIF-Article 1.0 Author-Name: Benigno Valdés Author-X-Name-First: Benigno Author-X-Name-Last: Valdés Title: An Application of Convergence Theory to Japan's Post-WWII Economic “Miracle” Abstract: Abstract The author provides an interpretation of the post-World War II economic “miracle” of Japan as a process of economic convergence within the framework of the neoclassical Solow-Swan model of economic growth. He shows how the predictions of the Solow-Swan model are qualitatively consistent with the actual economic record of Japan in the decades following World War II. The article is intended to help in the teaching of economic growth and the Japanese economic miracle, either as part of a macroeconomics course or in an advanced elective course in economic growth and development or in Japan's modern economic history. Journal: The Journal of Economic Education Pages: 61-81 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595202 File-URL: http://hdl.handle.net/10.1080/00220480309595202 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:61-81 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Integrating Sex and Drugs into the Principles Course: Market-Failures Versus Failures-of-Market Outcomes Abstract: Abstract The author's central argument in this article is that the current micro principles course is structured around an approach to policy that avoids many of the controversial but central issues of policy. These include (1) the interplay of moral issues and efficiency, (2) questions of consumer sovereignty, and (3) questions of the interrelation between measures of efficiency and income distribution. The current market-failure organizing framework of microeconomics principles textbooks excludes discussion of a broader set of failures of market outcomes: situations in which the market is doing everything it is supposed to be doing, but society is still unhappy with the result. The author suggests a dual market-failure and failure-of-market-outcome policy framework that encourages discussion of these broader issues. Journal: The Journal of Economic Education Pages: 82-91 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595203 File-URL: http://hdl.handle.net/10.1080/00220480309595203 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:82-91 Template-Type: ReDIF-Article 1.0 Author-Name: Jim Barbour Author-X-Name-First: Jim Author-X-Name-Last: Barbour Title: The Teaching of Undergraduate Economics: A Discussion List Journal: The Journal of Economic Education Pages: 92-92 Issue: 1 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595204 File-URL: http://hdl.handle.net/10.1080/00220480309595204 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:92-92 Template-Type: ReDIF-Article 1.0 Author-Name: Bradley J. Ruffle Author-X-Name-First: Bradley J. Author-X-Name-Last: Ruffle Title: Competitive Equilibrium and Classroom Pit Markets Abstract: Abstract Efforts to show the relevance of economic concepts early in a student's education can prevent the “economics is not very useful” attitude from setting in. The author extends the work of Holt to describe a pit-market experiment used to illustrate the concept of competitive equilibrium. In addition to detailed instructions as to how to set up and conduct a pit-market experiment, the author discusses features of the data and provides accompanying materials, including software for the display of the data. Journal: The Journal of Economic Education Pages: 123-137 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595207 File-URL: http://hdl.handle.net/10.1080/00220480309595207 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:123-137 Template-Type: ReDIF-Article 1.0 Author-Name: Soumaya M. Tohamy Author-X-Name-First: Soumaya M. Author-X-Name-Last: Tohamy Author-Name: J. Wilson Mixon Author-X-Name-First: J. Wilson Author-X-Name-Last: Mixon Title: Lessons from the Specific Factors Model of International Trade Abstract: Abstract The Specific Factors model is an excellent learning tool. It provides insights into the meaning of economic efficiency, how complex economies simultaneously determine prices and quantities (and that it is relative prices that matter), and how changes in demand conditions or technology can affect income distributions among owners of factors of production. The authors develop this model using spreadsheets. Spreadsheets help students deal with “what-if” questions within prepared spreadsheets. They also give students the chance to look into the workings of the model and to change its structure. The exercise spreadsheets provide important advantages over using “black-box” presentations. Moreover, using spreadsheets gives students an opportunity to practice their use of spreadsheet software. Journal: The Journal of Economic Education Pages: 139-150 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595208 File-URL: http://hdl.handle.net/10.1080/00220480309595208 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:139-150 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen J. Schmidt Author-X-Name-First: Stephen J. Author-X-Name-Last: Schmidt Title: Active and Cooperative Learning Using Web-Based Simulations Abstract: Abstract The author discusses the advantages of using computers and the World Wide Web in classroom simulation exercises. Using networked computers permits a richer simulation design, allows more complicated decisions by the students, and facilitates reporting results for later discussion. The Web is an ideal technology for such simulations because computers already have Web-capable browsers, with which students are familiar, and information on creating Web sites is readily available. The author discusses these points in the context of a sample simulation that teaches basic economic principles of trade, investment, and public goods in the context of American economic history. Journal: The Journal of Economic Education Pages: 151-167 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595209 File-URL: http://hdl.handle.net/10.1080/00220480309595209 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:151-167 Template-Type: ReDIF-Article 1.0 Author-Name: David L. Dickinson Author-X-Name-First: David L. Author-X-Name-Last: Dickinson Title: Illustrated Examples of the Effects of Risk Preferences and Expectations on Bargaining Outcomes Abstract: Abstract The author highlights bargaining examples that use expected utility theory. Bargainer payoffs in the event of a dispute are represented by a simple lottery. Expectations are assumed to affect a bargainer's subjective probabilities over lottery outcomes, and risk preferences affect the expected utility of a given lottery. Risk preferences and/or expectations are predicted to influence both negotiated outcomes and the likelihood of a bargaining impasse. The analysis shows that, ceteris paribus, risk aversion or pessimism, or both, will cause a bargainer to capture less of the pie in negotiations. Similarly, risk-loving and optimistic bargainers are more likely to experience impasse because of the disappearance of the contract zone. The results are intuitive, can be shown graphically and algebraically, and provide upper-level students with engaging examples that show the usefulness of expected utility theory. Journal: The Journal of Economic Education Pages: 169-180 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595210 File-URL: http://hdl.handle.net/10.1080/00220480309595210 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:169-180 Template-Type: ReDIF-Article 1.0 Author-Name: Stefani C. Smith Author-X-Name-First: Stefani C. Author-X-Name-Last: Smith Author-Name: Andrew J. Yates Author-X-Name-First: Andrew J. Author-X-Name-Last: Yates Title: Should Consumers Be Priced Out of Pollution-Permit Markets? Abstract: Abstract The authors present a simple diagrammatic exposition of a pollution-permit market in which both firms that generate pollution and consumers who are harmed by pollution are allowed to purchase permits at a single market price. They show that the market equilibrium is efficient if and only if the endowment of permits is equal to the efficient level of pollution. Furthermore, if consumers actually participate in the market, then the equilibrium is not efficient. Welfare can be improved by decreasing the endowment of permits and thereby pricing consumers out of the market. Journal: The Journal of Economic Education Pages: 181-189 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595211 File-URL: http://hdl.handle.net/10.1080/00220480309595211 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:181-189 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Schenk Author-X-Name-First: Robert Author-X-Name-Last: Schenk Title: CyberEconomics Journal: The Journal of Economic Education Pages: 191-191 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595212 File-URL: http://hdl.handle.net/10.1080/00220480309595212 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:191-191 Template-Type: ReDIF-Article 1.0 Author-Name: Eric Nævdal Author-X-Name-First: Eric Author-X-Name-Last: Nævdal Title: Solving Continuous-Time Optimal-Control Problems with a Spreadsheet Abstract: Abstract The author explains how optimal-control problems can be solved with a common spreadsheet such as Microsoft Excel. He illustrates the method with several examples ranging from simple models to quite advanced topics. The method is intended to be beneficial to students and teachers working with complicated theory in the classroom as well as researchers needing a tool for finding numerical solutions to optimal control problems. Journal: The Journal of Economic Education Pages: 99-122 Issue: 2 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595206 File-URL: http://hdl.handle.net/10.1080/00220480309595206 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:99-122 Template-Type: ReDIF-Article 1.0 Author-Name: Jill L. Caviglia-Harris Author-X-Name-First: Jill L. Author-X-Name-Last: Caviglia-Harris Title: Introducing Undergraduates to Economics in an Interdisciplinary Setting Abstract: Abstract Introducing economics to undergraduates with courses that incorporate various elements of economic fields at an introductory level has the potential to increase the appeal of economics classes. The author provides a model for teaching such courses using an environmental economics class as an example. This approach incorporates introductory economics concepts into an interdisciplinary class that includes three disciplines focused on a central theme. In this course, called environmental perspectives, the economics section covered the principles of microeconomics, the fundamentals of environmental economics, and linked these applications to the topics covered in the ecology and philosophy sections of the class. A discussion of the methods for applying this model to other courses that include economics is included. Journal: The Journal of Economic Education Pages: 195-203 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595214 File-URL: http://hdl.handle.net/10.1080/00220480309595214 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:195-203 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory Lypny Author-X-Name-First: Gregory Author-X-Name-Last: Lypny Title: A Pilot Study Using an Online, Experimental, Two-Asset Market Abstract: Abstract The author uses an online securities market to engage students in their exploration of asset pricing in microeconomics courses. Journal: The Journal of Economic Education Pages: 204-213 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595215 File-URL: http://hdl.handle.net/10.1080/00220480309595215 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:204-213 Template-Type: ReDIF-Article 1.0 Author-Name: Denise Hazlett Author-X-Name-First: Denise Author-X-Name-Last: Hazlett Author-Name: Cynthia D. Hill Author-X-Name-First: Cynthia D. Author-X-Name-Last: Hill Title: Calculating the Candy Price Index: A Classroom Inflation Experiment Abstract: Abstract In this classroom experiment, students develop a price index based on candy-purchasing decisions made by members of their class. They use their index to practice calculating inflation rates and to consider the strengths and weaknesses of the consumer price index (CPI). Instructors can use the experiment as an introduction to the topic of inflation and how it is measured. The exercise also provides a concrete example of the sources of bias in the CPI, promoting discussion of the measures the Bureau of Labor Statistics has taken to reduce bias. The experiment, including follow-up discussion, fits into a 50-minute class period. The authors and other professors have used the exercise in introductory and intermediate macroeconomics courses, in classes of 10 to 135 students. Journal: The Journal of Economic Education Pages: 214-223 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595216 File-URL: http://hdl.handle.net/10.1080/00220480309595216 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:214-223 Template-Type: ReDIF-Article 1.0 Author-Name: Miles B. Cahill Author-X-Name-First: Miles B. Author-X-Name-Last: Cahill Title: Teaching Chain-Weight Real GDP Measures Abstract: Abstract In 1996, the Bureau of Economic Analysis (BEA) changed the method used to calculate measures of real GDP from a Laspeyres or Paasche index to a Fisher ideal index, also called a chain-weight index. Even though this is a significant change in approach and has resulted in extensive revisions of reported statistics, many authors of intermediate-level textbooks treat this topic casually, if at all. In this article, the author presents two applications in which this topic can be explored more thoroughly, with the help of spreadsheet software. One exercise introduces the concept of the chain-weight index by comparing it to Laspeyres, Paasche, and ideal indexes with the use of utility analysis. The second exercise is a step-by-step process to calculate chain-weight index statistics. Journal: The Journal of Economic Education Pages: 224-234 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595217 File-URL: http://hdl.handle.net/10.1080/00220480309595217 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:224-234 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis Yanchus Author-X-Name-First: Dennis Author-X-Name-Last: Yanchus Author-Name: Xavier de Vanssay Author-X-Name-First: Xavier Author-X-Name-Last: de Vanssay Title: The Myth of Fair Prices: A Graphical Analysis Abstract: Abstract The issues of fair trade and in particular fair price policies, have been neglected in most international trade courses. The authors show how the latter can be explained to undergraduate students applying the simple graphical methods normally used in general equilibrium trade theory. They show that fair pricing strategies can be looked upon as a suboptimal device for redistributing the gains from trade as compared with a transfer of funds. Journal: The Journal of Economic Education Pages: 235-240 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595218 File-URL: http://hdl.handle.net/10.1080/00220480309595218 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:235-240 Template-Type: ReDIF-Article 1.0 Author-Name: Akila Weerapana Author-X-Name-First: Akila Author-X-Name-Last: Weerapana Title: Intermediate Macroeconomics without the IS-LM Model Abstract: Abstract The IS-LM model is the primary model of economic fluctuations taught in intermediate-level undergraduate macroeconomics. Recent works by Taylor and Romer make a strong case for an alternative model, known as the aggregate demand-price adjustment (AD-PA) or the aggregate demand-inflation adjustment (AD-IA) model, as a better model of economic fluctuations. The author argues that the AD-PA model is superior to the IS-LM model for teaching about economic fluctuations in intermediate macroeconomics. He compares the perfomance of the two models in teaching about two important issues in current macroeconomics: the ineffectiveness of monetary policy in stimulating the 1990s Japanese economy and the rapid switch of the U.S. Federal Reserve from contractionary policy to expansionary policy in 2001. Journal: The Journal of Economic Education Pages: 241-262 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595219 File-URL: http://hdl.handle.net/10.1080/00220480309595219 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:241-262 Template-Type: ReDIF-Article 1.0 Author-Name: R. Kim Craft Author-X-Name-First: R. Kim Author-X-Name-Last: Craft Author-Name: Joe G. Baker Author-X-Name-First: Joe G. Author-X-Name-Last: Baker Title: Do Economists Make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings Abstract: Abstract Using nationally representative data, the authors examine the effects of preprofessional education on the earnings of lawyers. They specify and estimate a statistical earnings function on the basis of well-established theory and principles. Along with standard control variables, categorical variables are included to represent graduate degrees in addition to the law degree and an assortment of undergraduate major fields. Holding a Ph.D. or M.B.A. degree, with the law degree, is associated with significantly higher earnings in some sectors. Lawyers with undergraduate training in economics earn more than other lawyers, ceteris paribus, and economics is the only undergraduate field associated with earnings that differ significantly. The available evidence supports the hypothesis that economics training increases a lawyer's human capital compared with other undergraduate majors. Journal: The Journal of Economic Education Pages: 263-281 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595220 File-URL: http://hdl.handle.net/10.1080/00220480309595220 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:263-281 Template-Type: ReDIF-Article 1.0 Author-Name: Craig Freedman Author-X-Name-First: Craig Author-X-Name-Last: Freedman Title: Do Great Economists Make Great Teachers? George Stigler as a Dissertation Supervisor Abstract: Abstract An examination of George Stigler's teaching career clarifies the requirements for an effective teacher of graduate economics and especially sheds light on the nature of the supervision of doctoral candidates. The heterogeneous composition of graduate students in aggregate means that quite distinct approaches can prove to be equally successful. Journal: The Journal of Economic Education Pages: 282-290 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595221 File-URL: http://hdl.handle.net/10.1080/00220480309595221 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:282-290 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991 to 2002 Journal: The Journal of Economic Education Pages: 291-294 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595222 File-URL: http://hdl.handle.net/10.1080/00220480309595222 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:291-294 Template-Type: ReDIF-Article 1.0 Author-Name: Miles B. Cahill Author-X-Name-First: Miles B. Author-X-Name-Last: Cahill Title: Web Supplement to “Teaching Chain-Weight Real GDP Measures” Journal: The Journal of Economic Education Pages: 295-295 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595223 File-URL: http://hdl.handle.net/10.1080/00220480309595223 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:295-295 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Rycroft Author-X-Name-First: Robert Author-X-Name-Last: Rycroft Title: The Lorenz Curve and the Gini Coefficient Journal: The Journal of Economic Education Pages: 296-296 Issue: 3 Volume: 34 Year: 2003 Month: 1 X-DOI: 10.1080/00220480309595224 File-URL: http://hdl.handle.net/10.1080/00220480309595224 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:3:p:296-296 Template-Type: ReDIF-Article 1.0 Author-Name: Elizabeth J. Jensen Author-X-Name-First: Elizabeth J. Author-X-Name-Last: Jensen Author-Name: Ann L. Owen Author-X-Name-First: Ann L. Author-X-Name-Last: Owen Title: Appealing to Good Students in Introductory Economics Abstract: The authors examine the effectiveness of different teaching techniques using a unique data set that allows them to match student and instructor characteristics to assess their impact on students' interest in economics. They find that devoting less class time to lecture and more to discussion is effective for all types of students. However, the magnitude of the effects of these two techniques varies considerably by type of student, as does the impact of several other teaching techniques. They conclude that using a variety of teaching techniques is the most successful strategy to appeal to the broad range of learning styles adopted by "good" students. Journal: The Journal of Economic Education Pages: 299-325 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595225 File-URL: http://hdl.handle.net/10.1080/00220480309595225 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:299-325 Template-Type: ReDIF-Article 1.0 Author-Name: Don Leet Author-X-Name-First: Don Author-X-Name-Last: Leet Author-Name: Scott Houser Author-X-Name-First: Scott Author-X-Name-Last: Houser Title: Economics Goes to Hollywood: Using Classic Films and Documentaries to Create an Undergraduate Economics Course Abstract: The authors describe an interdisciplinary approach to teaching economics that uses a powerful contemporary medium, the motion picture, to establish the context for teaching elementary economics concepts. The plots and subplots in many films can be used to illustrate problems and issues that are amenable to economic analysis. They suggest how these films can be sequenced to create a general studies course for nonmajors. Journal: The Journal of Economic Education Pages: 326-332 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595226 File-URL: http://hdl.handle.net/10.1080/00220480309595226 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:326-332 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Dalziel Author-X-Name-First: Paul Author-X-Name-Last: Dalziel Author-Name: Marc Lavoie Author-X-Name-First: Marc Author-X-Name-Last: Lavoie Title: Teaching Keynes's Principle of Effective Demand Using the Aggregate Labor Market Diagram Abstract: The authors suggest a way to teach Keynes's principle of effective demand using a standard aggregate labor market diagram that should be familiar to students taking an advanced undergraduate course in macroeconomics. The analysis incorporates Kalecki's version of the effective demand model to show Keynesian unemployment as a point on the aggregate labor demand curve inside the aggregate labor supply curve. The well-known Keynesian policy conclusions apply. In particular, workers and firms are unable to restore full employment by reducing real wages, underlining how important is the macroeconomic duty of the monetary and fiscal authorities to manage aggregate demand growth. Journal: The Journal of Economic Education Pages: 333-340 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595227 File-URL: http://hdl.handle.net/10.1080/00220480309595227 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:333-340 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Bodenhorn Author-X-Name-First: Howard Author-X-Name-Last: Bodenhorn Title: Economic Scholarship at Elite Liberal Arts Colleges: A Citation Analysis with Rankings Abstract: Although prominent economists at elite universities produce the most influential scholarship, economists at the nation's leading liberal arts colleges make significant contributions. The author measures the influence of 439 economists employed at the 50 top liberal arts colleges and ranks departments and individuals on the basis of citations. The author discovered a hierarchy with a small number of departments whose faculty produce cited scholarship, and a small number of influential economists employed at liberal arts colleges. The determinants of citations are estimated. Greater experience and more publications but not lower teaching loads are correlated with more citations. Journal: The Journal of Economic Education Pages: 341-359 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595228 File-URL: http://hdl.handle.net/10.1080/00220480309595228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:341-359 Template-Type: ReDIF-Article 1.0 Author-Name: David Laband Author-X-Name-First: David Author-X-Name-Last: Laband Author-Name: John Hudson Author-X-Name-First: John Author-X-Name-Last: Hudson Title: The Pricing of Economics Books Abstract: Using data as reported in the JEL in 2000 and 1985, the authors examine the pricing and other characteristics of books. There has been a substantial rise in book prices, even in real terms, between the two years, which the smaller rise in average page length appears insufficient to justify. A major factor behind the rise would appear to be the increasing importance of foreign presses that not only sell at a higher average price than U.S. presses but are increasingly likely to do so. University presses and other not-for-profit publishers sell at substantially lower prices than commercial publishing houses and are more likely to publish in paperback than commercial publishing houses. The discount on paperbacks appears to have been relatively stable in the two years. Journal: The Journal of Economic Education Pages: 360-368 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595229 File-URL: http://hdl.handle.net/10.1080/00220480309595229 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:360-368 Template-Type: ReDIF-Article 1.0 Author-Name: Dan Fuller Author-X-Name-First: Dan Author-X-Name-Last: Fuller Author-Name: Doris Geide-stevenson Author-X-Name-First: Doris Author-X-Name-Last: Geide-stevenson Title: Consensus Among Economists: Revisited Abstract: The authors explore consensus among economists on specific propositions on the basis of a fall 2000 survey of American Economic Association members. Because some propositions are drawn from earlier studies, the results illustrate the dynamics of opinion within the profession. The authors generally find consensus within the profession, although the degree of consensus varies between propositions that are international, macroeconomic, and microeconomic in nature. Consensus is particularly strong for propositions of free international trade and capital flows. In contrast, macroeconomic propositions exhibit a lower degree of consensus, partly because of increased agreement with monetarist and supply-side propositions over time. The profession displays substantial skepticism concerning claims of the "New Economy." Journal: The Journal of Economic Education Pages: 369-387 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595230 File-URL: http://hdl.handle.net/10.1080/00220480309595230 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:369-387 Template-Type: ReDIF-Article 1.0 Author-Name: Mikhael Shor Author-X-Name-First: Mikhael Author-X-Name-Last: Shor Title: Game Theory .net Journal: The Journal of Economic Education Pages: 388-388 Issue: 4 Volume: 34 Year: 2003 Month: 12 X-DOI: 10.1080/00220480309595231 File-URL: http://hdl.handle.net/10.1080/00220480309595231 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:388-388 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Manjunath Reddy Author-X-Name-First: Manjunath Author-X-Name-Last: Reddy Title: Comparative Advantage and Gains from Specialization—Flash Journal: The Journal of Economic Education Pages: 104-104 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.104-104 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.104-104 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:104-104 Template-Type: ReDIF-Article 1.0 Author-Name: Ellen Sewell Author-X-Name-First: Ellen Author-X-Name-Last: Sewell Title: Grade Dropping: An Empirical Analysis Abstract: It is a popular practice among college professors to drop the lowest component grade in computing the course grade. A benefit of this practice is the elimination of the need to evaluate excuses or administer make-up exams. The author uses data from a controlled experiment to examine the impact of such a policy on student behavior and course performance. The policy was found to have no significant impact on the decision to miss an exam or to "write off" an exam. However, performance on a comprehensive final exam was negatively and significantly affected by such a policy. In short, significant costs were identified that would offset the benefits of a grade-dropping policy. Journal: The Journal of Economic Education Pages: 24-34 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.24-34 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.24-34 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:24-34 Template-Type: ReDIF-Article 1.0 Author-Name: Charles L. Ballard Author-X-Name-First: Charles L. Author-X-Name-Last: Ballard Author-Name: Marianne F. Johnson Author-X-Name-First: Marianne F. Author-X-Name-Last: Johnson Title: Basic Math Skills and Performance in an Introductory Economics Class Abstract: The authors measure math skills with a broader set of explanatory variables than have been used in previous studies. To identify what math skills are important for student success in introductory microeconomics, they examine (1) the student's score on the mathematics portion of the ACT Assessment Test, (2) whether the student has taken calculus, (3) whether the student has been required to take remedial mathematics, and (4) the student's score on a test of very basic mathematical concepts. All four measures have significant effects in explaining performance in an introductory microeconomics course. The authors find similar results, regardless of whether they use self-reported information from students or official administrative records from the university. The results suggest that improvements in student performance may depend on improved mastery of basic algebra. Journal: The Journal of Economic Education Pages: 3-23 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.3-23 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.3-23 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:3-23 Template-Type: ReDIF-Article 1.0 Author-Name: John W. Budd Author-X-Name-First: John W. Author-X-Name-Last: Budd Title: Mind Maps As Classroom Exercises Abstract: A Mind Map is an outline in which the major categories radiate from a central image and lesser categories are portrayed as branches of larger branches. The author describes an in-class exercise in which small groups of students each create a Mind Map for a specific topic. This exercise is another example of an active and collaborative learning tool that instructors can use to move beyond "chalk and talk." The exercise can also help incorporate activities for diverse learning styles into economics courses and can reenergize a course in midsemester. The author provides ideas for Mind Map topics for a wide variety of economics courses. Journal: The Journal of Economic Education Pages: 35-46 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.35-46 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.35-46 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:35-46 Template-Type: ReDIF-Article 1.0 Author-Name: James J. Murphy Author-X-Name-First: James J. Author-X-Name-Last: Murphy Author-Name: Juan-Camilo Cardenas Author-X-Name-First: Juan-Camilo Author-X-Name-Last: Cardenas Title: An Experiment on Enforcement Strategies for Managing a Local Environment Resource Abstract: Managing local environmental resources with moderately enforced government regulations can often be counterproductive, whereas nonbinding communications can be remarkably effective. The authors describe a classroom experiment that illustrates these points. The experiment is rich in its institutional settings and highlights the challenges that policymakers and communities face in enforcing environmental regulations. The experiment has been run successfully in a variety of courses and disciplines at both the undergraduate and graduate levels, including microeconomics, public finance, and a natural resources conservation course. The experiment would be appropriate in environmental economics and game theory courses. This experiment has also been used in the field with villagers who face challenges similar to the experiment; the field results were comparable to those in the classroom. Journal: The Journal of Economic Education Pages: 47-61 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.47-61 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.47-61 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:47-61 Template-Type: ReDIF-Article 1.0 Author-Name: Timothy L. Sorenson Author-X-Name-First: Timothy L. Author-X-Name-Last: Sorenson Title: Limit Pricing with Incomplete Information: Answers to Frequently Asked Questions Abstract: Strategic pricing is an important and exciting topic in industrial organization and the economics of strategy. A wide range of texts use what has become a standard version of the Milgrom and Roberts (1982a) limit-pricing model to convey the essential ideas of strategic pricing under incomplete information. In addition to providing a formal, but succinct, review of the standard model, the author addresses three questions that commonly arise when the model is presented to students: What happens if there are more than two periods. What if information is still incomplete in the postentry subgame. What if the incumbent does not know the entrant's beliefs. The author shows that, although there are some interesting behavioral implications, none of these extensions significantly changes the conclusions of the basic model. Journal: The Journal of Economic Education Pages: 62-78 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.62-78 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.62-78 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:62-78 Template-Type: ReDIF-Article 1.0 Author-Name: Ching-chong Lai Author-X-Name-First: Ching-chong Author-X-Name-Last: Lai Author-Name: Juin-jen Chang Author-X-Name-First: Juin-jen Author-X-Name-Last: Chang Author-Name: Ming-ruey Kao Author-X-Name-First: Ming-ruey Author-X-Name-Last: Kao Title: The Money-Creation Model: Graphic Illustration Abstract: The authors propose a pedagogical apparatus embodying a solid microfoundation 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 public. Journal: The Journal of Economic Education Pages: 79-88 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.79-88 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.79-88 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:79-88 Template-Type: ReDIF-Article 1.0 Author-Name: Cynthia L. Harter Author-X-Name-First: Cynthia L. Author-X-Name-Last: Harter Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Changing Incentives and Time Allocations for Academic Economists: Results from 1995 and 2000 National Surveys Abstract: How much time do academic economists allocate to teaching, research, and service, and how much time do their departments want them to allocate to these pursuits. As a result of the decline in economics majors in the early 1990s, was there a change in the reward system and time allocation of academic economists toward teaching. In this study, the authors combine 1995 and 2000 survey data collected by Becker and Watts (1996, 2001) to describe teaching methods in undergraduate economics courses at five Carnegie Foundation categories of colleges and universities in the United States. The focus here is on a previously unreported section of these surveys, in which respondents were asked to indicate the percentage of time they allocated to teaching, research, and service and to provide the weightings they felt their own departments assigned to these activities in making decisions about annual raises or promotion and tenure. Journal: The Journal of Economic Education Pages: 89-97 Issue: 1 Volume: 35 Year: 2004 Month: 1 X-DOI: 10.3200/JECE.35.1.89-97 File-URL: http://hdl.handle.net/10.3200/JECE.35.1.89-97 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:1:p:89-97 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Title: Student Drops and Failure in Principles Courses Abstract: Many studies have identified factors that contribute to success in economics principles courses, but few have examined the causes and effects of student drops and failure. The author follows 239 students through their economic principles course and tracks the students in the year after the course. The author constructs a model predicting student noncompletion of the course (drops) to identify factors that may reduce student drops. The fate of these students is important to instructors who are concerned about the large number of students who drop or do not make the grade and wonder what impact the students' failure will have on their immediate future. The issue also may be viewed as one of efficiency—why should students who are struggling bother continuing in a course. To investigate this issue, the author compared students who were at risk but did not drop to those who dropped in terms of their academic performance after the principles course. Journal: The Journal of Economic Education Pages: 111-128 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.111-128 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.111-128 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:111-128 Template-Type: ReDIF-Article 1.0 Author-Name: Paul W. Grimes Author-X-Name-First: Paul W. Author-X-Name-Last: Grimes Author-Name: Meghan J. Millea Author-X-Name-First: Meghan J. Author-X-Name-Last: Millea Author-Name: Thomas W. Woodruff Author-X-Name-First: Thomas W. Author-X-Name-Last: Woodruff Title: Grades—Who's to Blame? Student Evaluation of Teaching and Locus of Control Abstract: The authors examine the relationship between students' locus of control and their evaluation of teaching in a traditional principles of economics course. Locus of control is a psychological construct that identifies an individual's beliefs about the degree of personal control that can be exercised over his or her environment. Students with an internal locus-of-control orientation accept responsibility for control over their environment whereas those with an external orientation believe that they have little control or power to affect personal outcomes. The authors entered students' Rotter scale scores derived from the standard instrument used to measure locus of control orientation into an empirical ordered probit model estimated to explain the determination of student evaluation of teaching scores. The results indicate that more internally oriented students had a greater probability of assigning above average evaluation marks with respect to instructor performance whereas more externally oriented students had a greater probability of assigning average and below average instructor evaluation marks. Journal: The Journal of Economic Education Pages: 129-147 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.129-147 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.129-147 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:129-147 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Santos Author-X-Name-First: Joseph Author-X-Name-Last: Santos Author-Name: Angeline M. Lavin Author-X-Name-First: Angeline M. Author-X-Name-Last: Lavin Title: Do as I Do, Not as I Say: Assessing Outcomes When Students Think Like Economists Abstract: The authors measured the pedagogical value of sharing with students what economists do and how they do it. Ostensibly, thinking and researching like economists will transform students into better and more engaged learners as well as provide instructors with effective assessment tools. One way to bring students closer to what economists do is to implement an empirical economics research curriculum that teaches students how to access, chart, and interpret macroeconomic data; search and access peer-reviewed journal articles; and formulate, in writing, positions on economic issues. The authors assess student results with respect to an empirical research curriculum that they designed and introduced in a money and banking course at South Dakota State University. Journal: The Journal of Economic Education Pages: 148-161 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.148-161 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.148-161 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:148-161 Template-Type: ReDIF-Article 1.0 Author-Name: Wayne A. Grove Author-X-Name-First: Wayne A. Author-X-Name-Last: Grove Author-Name: Tim Wasserman Author-X-Name-First: Tim Author-X-Name-Last: Wasserman Title: The Life-Cycle Pattern of Collegiate GPA: Longitudinal Cohort Analysis and Grade Inflation Abstract: Individual semester-by-semester undergraduate grade point average for each of the eight semesters of the collegiate academic life cycle for five entire student cohorts for the classes of 1998, 1999, 2000, 2001, and 2002 at a large, private university in the northeast (N = 12,663) reveal a "check-mark" pattern: students' grades fell in the second semester, rose thereafter, and slumped in the last academic term. Attrition and participation in the Greek system explain over half of the longitudinal change in academic achievement. A comparison of the five cohorts of students indicates a rate of grade inflation comparable to that obtained for multischool studies covering the period 1960 to the late 1990s. Journal: The Journal of Economic Education Pages: 162-174 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.162-174 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.162-174 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:162-174 Template-Type: ReDIF-Article 1.0 Author-Name: Yvan Lengwiler Author-X-Name-First: Yvan Author-X-Name-Last: Lengwiler Title: A Monetary Policy Simulation Game Abstract: The author presents a computer game that puts the player in the role of a central bank governor. The game is a stochastic simulation of a standard reduced form macro model, and the user interacts with this simulation by manipulating the interest rate. The problem the player faces is in many ways quite realistic—just as a real monetary authority, the player is confronted with a constant stream of shocks he cannot unambiguously identify, and his decisions affect the economy only with a considerable lag. These are two ingredients that make monetary policy decisions so challenging in reality and that also make playing this game successfully rather difficult. The game can be used for undergraduate or continuing education classes. An "advanced mode" allows the teacher (or student) to customize many aspects of the simulation and to experiment with different calibrations or different monetary feedback rules. Journal: The Journal of Economic Education Pages: 175-183 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.175-183 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.175-183 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:175-183 Template-Type: ReDIF-Article 1.0 Author-Name: John M. Barron Author-X-Name-First: John M. Author-X-Name-Last: Barron Author-Name: Kelly Hunt Blanchard Author-X-Name-First: Kelly Hunt Author-X-Name-Last: Blanchard Author-Name: John R. Umbeck Author-X-Name-First: John R. Author-X-Name-Last: Umbeck Title: An Economic Analysis of a Change in an Excise Tax Abstract: The authors present an example of the effect a change in the excise tax can have on retail gasoline prices. The findings provide support for standard economic theory, as well as provide a vehicle for illustrating some of the subtleties of the analysis, including the implicit assumptions regarding the implications for the buying and selling prices of middlemen. Journal: The Journal of Economic Education Pages: 184-196 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.184-196 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.184-196 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:184-196 Template-Type: ReDIF-Article 1.0 Author-Name: Jerry Evensky Author-X-Name-First: Jerry Author-X-Name-Last: Evensky Title: Economics in Context Abstract: Academic departmentalization has limited the dimensionality and thus the richness of analysis in the social sciences. The author examines the case of a modern economics as an example. He reviews the ideas of Williamson (2000), who cites the limits of scope in the New Institutional Economics; Buchanan, who lays bare the ethical foundations of political economy in his constitutional economics; and Adam Smith, whose moral philosophy reflects a fully dimensional analysis. The author cites examples of how modern economic analysis can be enhanced by a reintegration with the other social sciences. Journal: The Journal of Economic Education Pages: 197-211 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.197-211 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.197-211 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:197-211 Template-Type: ReDIF-Article 1.0 Author-Name: James J. Murphy Author-X-Name-First: James J. Author-X-Name-Last: Murphy Title: A Simple Program to Conduct a Hand-Run Double Auction in the Classroom Journal: The Journal of Economic Education Pages: 212-212 Issue: 2 Volume: 35 Year: 2004 Month: 4 X-DOI: 10.3200/JECE.35.2.212-212 File-URL: http://hdl.handle.net/10.3200/JECE.35.2.212-212 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:212-212 Template-Type: ReDIF-Article 1.0 Author-Name: Mary Ellen Benedict Author-X-Name-First: Mary Ellen Author-X-Name-Last: Benedict Author-Name: John Hoag Author-X-Name-First: John Author-X-Name-Last: Hoag Title: Seating Location in Large Lectures: Are Seating Preferences or Location Related to Course Performance? Abstract: Using data on individuals taking principles of economics courses in large lecture rooms, the authors investigate whether a student's seating preference is related to success in the classroom. They find that individuals who prefer to sit near the front of the room have a higher probability of receiving As, whereas those who prefer the back have a higher probability of receiving Ds and Fs. A preference for sitting in the back, regardless whether one did so, increased the probability of receiving a D or F by 23 percentage points. Students unable to sit in their preferred locations and forced forward tend to receive higher grades, despite their preferences for back seats. Seating preferences and final seat location may be separate factors affecting grade performance. How instructors should teach large lectures is unclear. Developing seating distribution that addresses learning needs may impose high opportunity costs on students who have reasons unrelated to learning for their seating choices. Journal: The Journal of Economic Education Pages: 215-231 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.215-231 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.215-231 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:215-231 Template-Type: ReDIF-Article 1.0 Author-Name: Catherine S. Elliott Author-X-Name-First: Catherine S. Author-X-Name-Last: Elliott Title: A May American Economic Review Papers Seminar and an Analytic Project for Advanced Undergraduates Abstract: The author describes two learning activities for teaching economics at the advanced undergraduate level: a May American Economic Review (AER) papers seminar and an analytic project. Both activities help students learn to "do economics." The May AER papers seminar promotes in-depth synthesis and interpretation on the basis of printed session papers of the American Economics Association's annual meetings. The seminar relies on four structured components: a session-choice process, an advance question and answer exercise, a seminar discourse strategy, and a critical impact paper. The analytic project requires independent formulation and solution of a problem. Components include a procedure to write the project report, an oral class presentation, a listener-response exercise, and feedback in two phases. Journal: The Journal of Economic Education Pages: 232-242 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.232-242 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.232-242 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:232-242 Template-Type: ReDIF-Article 1.0 Author-Name: Bradley T. Ewing Author-X-Name-First: Bradley T. Author-X-Name-Last: Ewing Author-Name: Jamie B. Kruse Author-X-Name-First: Jamie B. Author-X-Name-Last: Kruse Author-Name: Mark A. Thompson Author-X-Name-First: Mark A. Author-X-Name-Last: Thompson Title: Money Demand and Risk: A Classroom Experiment Abstract: The authors describe a classroom experiment that motivates student understanding of behavior toward risk and its effect on money demand. In this experiment, students are endowed with an income stream that they can allocate between a risk-free fund and a risky fund. Changes in volatility are represented by mean-preserving changes in the variance of the risky fund. When volatility of the risky fund increases, reallocating to the risk-free fund results in an increase in aggregate money demand. By responding to changes in volatility and then observing the aggregate response of their cohort, students gain a better understanding of the concept of money demand, portfolio allocation, and risk. Journal: The Journal of Economic Education Pages: 243-250 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.243-250 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.243-250 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:243-250 Template-Type: ReDIF-Article 1.0 Author-Name: Alan J. Brokaw Author-X-Name-First: Alan J. Author-X-Name-Last: Brokaw Author-Name: Thomas E. Merz Author-X-Name-First: Thomas E. Author-X-Name-Last: Merz Title: Active Learning with Monty Hall in a Game Theory Class Abstract: The authors describe a game that students can play on the first day of a game theory class. The game introduces the 4 essential elements of any game and is designed so that its sequel, also played on the first day of class, has students playing the well-known Monty Hall game, which raises the question: Should you switch doors. By implementing a procedure proposed some 45 years ago, students not only quickly grasp the correct answer, but also become keenly aware of the importance of the assumption that players have common knowledge of the essential elements of a game. Journal: The Journal of Economic Education Pages: 259-268 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.259-268 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.259-268 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:259-268 Template-Type: ReDIF-Article 1.0 Author-Name: Holger Strulik Author-X-Name-First: Holger Author-X-Name-Last: Strulik Title: Solving Rational Expectations Models Using Excel Abstract: Simple problems of discrete-time optimal control can be solved using a standard spreadsheet software. The employed-solution method of backward iteration is intuitively understandable, does not require any programming skills, and is easy to implement so that it is suitable for classroom exercises with rational-expectations models. The author explains the method in general and shows how the basic models of neoclassical growth and real business cycles are solved using Microsoft Excel. Journal: The Journal of Economic Education Pages: 269-283 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.269-283 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.269-283 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:269-283 Template-Type: ReDIF-Article 1.0 Author-Name: Gideon Yaniv Author-X-Name-First: Gideon Author-X-Name-Last: Yaniv Title: Minimum Wage Compliance and the Labor Demand Curve Abstract: Contrary to the traditional analysis of the employment effects of the minimum wage setting, the author shows that if compliance is contingent upon enforcement, complying with the minimum wage law involves a leftward shift of the labor demand curve rather than an upward movement along the curve. Furthermore, the labor demand curve will shift leftward with enforcement even if enforcement is insufficient to ensure compliance, becoming vertical when the options of compliance and noncompliance are equally attractive. Hence, it is not paying the statutory minimum wage that brings about a reduction in employment down to the full-compliance level but enforcement that, if sufficiently high, induces that same reduction in employment, even if the employer is still noncomplying with the minimum wage law. Journal: The Journal of Economic Education Pages: 290-294 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.290-294 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.290-294 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:290-294 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991 to 2003 Journal: The Journal of Economic Education Pages: 304-308 Issue: 3 Volume: 35 Year: 2004 Month: 7 X-DOI: 10.3200/JECE.35.3.304-308 File-URL: http://hdl.handle.net/10.3200/JECE.35.3.304-308 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:3:p:304-308 Template-Type: ReDIF-Article 1.0 Author-Name: J J Arias Author-X-Name-First: J J Author-X-Name-Last: Arias Author-Name: Douglas M. Walker Author-X-Name-First: Douglas M. Author-X-Name-Last: Walker Title: Additional Evidence on the Relationship between Class Size and Student Performance Abstract: Much of the economic education literature suggests that the principles of economics class size does not significantly affect student performance. However, study methods have varied in terms of the aggregation level (student or class), the measure of performance (TUCE or course letter grade), and the class size measure (e.g., students who completed both the TUCE pretest and posttest). The authors perform an experiment with principles students using total exam points as the dependent variable in a model to explain student performance. By using the same instructor for all sections, the authors control variation in instruction, lecture material, and topic coverage; they also account for variation in student abilities. In contrast to many other studies, the authors find statistically significant evidence that small class size has a positive impact on student performance. Journal: The Journal of Economic Education Pages: 311-329 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.311-329 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.311-329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:311-329 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: On the Treatment of Fixed and Sunk Costs in the Principles Textbooks Abstract: The author argues that, although the standard principles level treatment of fixed and sunk costs has problems, it is logically consistent as long as all fixed costs are assumed to be sunk costs. As long as the instructor makes that assumption clear to students, the costs of making the changes recently suggested by X. Henry Wang and Bill Z. Yang in the Journal of Economic Education are greater than the benefits. Journal: The Journal of Economic Education Pages: 360-364 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.360-364 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.360-364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:360-364 Template-Type: ReDIF-Article 1.0 Author-Name: X. Henry Wang Author-X-Name-First: X. Henry Author-X-Name-Last: Wang Author-Name: Bill Z. Yang Author-X-Name-First: Bill Z. Author-X-Name-Last: Yang Title: On the Treatment of Fixed and Sunk Costs in Principles Textbooks: A Comment and a Reply Abstract: The authors reply to Colander's comment in this issue on their earlier article (Wang and Yang 2001). They emphasize the necessity to define fixed cost differently than sunk cost because fixed vs. variable costs and sunk vs. avoidable costs classify the total costs from two different perspectives. They show that it is logically incorrect and inconsistent if fixed cost is a synonym of sunk cost. To avoid confusion in pedagogy and education of economics, they argue that fixed cost should be correctly defined in principles textbooks, rather than corrected later at more advanced levels. Journal: The Journal of Economic Education Pages: 365-369 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.365-369 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.365-369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:365-369 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel S. Hamermesh Author-X-Name-First: Daniel S. Author-X-Name-Last: Hamermesh Title: Maximizing the Substance in the Soundbite: A Media Guide for Economists Abstract: With this guide, the author aims to induce more economists to talk to people in the media as a means of expanding educational outreach. The guide provides discussions of "do's" and "don'ts" and offers advice on which kinds of research are likely to interest reporters. The author suggests specific approaches to dealing with reporters in different types of media, including print, radio, and television. Journal: The Journal of Economic Education Pages: 370-382 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.370-382 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.370-382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:370-382 Template-Type: ReDIF-Article 1.0 Author-Name: Hal R. Varian Author-X-Name-First: Hal R. Author-X-Name-Last: Varian Title: How to Make a Scene Abstract: Each Thursday, the New York Times publishes a column called "Economic Scene" on page C2 of the Business Section. The authorship of the column rotates among four individuals: Alan Krueger, Virginia Postrel, Jeff Madrick, and the author. This essay is about how he came to be a columnist and how he goes about writing the columns. Journal: The Journal of Economic Education Pages: 383-390 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.383-390 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.383-390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:383-390 Template-Type: ReDIF-Article 1.0 Author-Name: R. Glenn Hubbard Author-X-Name-First: R. Glenn Author-X-Name-Last: Hubbard Title: The Economist as Public Intellectual Abstract: Over the past two decades, the rising number of outlets for communication through cable networks and electronic broadcasting (not to mention self-promoting Web "blogs") has stimulated the demand for economic commentary. Only the academic economist, as "public intellectual," can provided this commentary in a coherent and rigorous way via the three levels of communication described in this article. Journal: The Journal of Economic Education Pages: 391-394 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.391-394 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.391-394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:391-394 Template-Type: ReDIF-Article 1.0 Author-Name: Klaus F. Zimmermann Author-X-Name-First: Klaus F. Author-X-Name-Last: Zimmermann Title: Advising Policymakers through the Media Abstract: In the information age, an exchange with the media is part of the duties the economics profession has to deliver to educate the public. A key issue is the education of policymakers through the media. It is the silver bullet of policy advice in comparison to commissioned research and face-to-face advice provided to the politician. It also pleases the vanity of the scientist: Few economists are willing to sacrifice the celebrity of public visibility to the effectiveness of face-to-face advice. The author advocates for a stronger role of researchers in the public debate and suggests ways to become more influential. He argues that in the long run agenda setting is a more promising strategy than reactive press activities. Journal: The Journal of Economic Education Pages: 395-406 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.395-406 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.395-406 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:395-406 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Solman Author-X-Name-First: Paul Author-X-Name-Last: Solman Title: Comments on Economic Education and Journalism Journal: The Journal of Economic Education Pages: 407-411 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.407-411 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.407-411 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:407-411 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Mandel Author-X-Name-First: Michael Author-X-Name-Last: Mandel Title: Comments on Economic Education and Journalism Journal: The Journal of Economic Education Pages: 412-414 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.412-414 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.412-414 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:412-414 Template-Type: ReDIF-Article 1.0 Author-Name: Roger Dahlgran Author-X-Name-First: Roger Author-X-Name-Last: Dahlgran Title: A Multifaceted Online Futures Markets Test Bank: Content and Code Journal: The Journal of Economic Education Pages: 415-415 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.415-415 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.415-415 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:415-415 Template-Type: ReDIF-Article 1.0 Author-Name: Jamus Jerome Lim Author-X-Name-First: Jamus Jerome Author-X-Name-Last: Lim Title: The International Economics Network Journal: The Journal of Economic Education Pages: 416-416 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.416-416 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.416-416 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:416-416 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Sri Harsha Kolar Author-X-Name-First: Sri Harsha Author-X-Name-Last: Kolar Title: Production and Cost (Short Run)—Flash Animation Journal: The Journal of Economic Education Pages: 417-417 Issue: 4 Volume: 35 Year: 2004 Month: 10 X-DOI: 10.3200/JECE.35.4.417-417 File-URL: http://hdl.handle.net/10.3200/JECE.35.4.417-417 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:35:y:2004:i:4:p:417-417 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Isely Author-X-Name-First: Paul Author-X-Name-Last: Isely Author-Name: Harinder Singh Author-X-Name-First: Harinder Author-X-Name-Last: Singh Title: Do Higher Grades Lead to Favorable Student Evaluations? Abstract: The relationship between expected grades and student evaluations of teaching (SET) has been controversial. The authors take another look at the controversy by employing class-specific observations and controlling for time-invariant instructor and course differences with a fixed-effects model. The authors' empirical results indicate that if an instructor of a particular course has some classes in which students expect higher grades, a more favorable average SET is obtained in these classes. Moreover, they find that it is the gap between expected grade and cumulative grade point average of incoming students that is the relevant explanatory variable, not expected grade as employed in the previous literature. Journal: The Journal of Economic Education Pages: 29-42 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.29-42 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.29-42 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:29-42 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory A. Krohn Author-X-Name-First: Gregory A. Author-X-Name-Last: Krohn Author-Name: Catherine M. O'Connor Author-X-Name-First: Catherine M. Author-X-Name-Last: O'Connor Title: Student Effort and Performance over the Semester Abstract: The authors extend the standard education production function and student time allocation analysis to focus on the interactions between student effort and performance over the semester. The purged instrumental variable technique is used to obtain consistent estimators of the structural parameters of the model using data from intermediate macroeconomics. The results of their study suggest that (1) students respond to higher midterm scores by reducing the number of hours they subsequently allocate to studying for the course; (2) contrary to results based on semester totals, class attendance is not related to examination scores throughout the semester; (3) study time has a small, but statistically significant, negative effect on student performance; and (4) although men outperform women on examinations, the difference may diminish over the course of the semester. Journal: The Journal of Economic Education Pages: 3-28 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.3-28 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.3-28 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:3-28 Template-Type: ReDIF-Article 1.0 Author-Name: Harlan M. Smith II Author-X-Name-First: Harlan M. Author-X-Name-Last: Smith II Author-Name: Amy Broughton Author-X-Name-First: Amy Author-X-Name-Last: Broughton Author-Name: Jaime Copley Author-X-Name-First: Jaime Author-X-Name-Last: Copley Title: Evaluating the Written Work of Others: One Way Economics Students Can Learn to Write Abstract: The authors present a series of writing assignments that teaches students how to evaluate and critique the written economic work of others. The foundation text is McCloskey's (2000) Economical Writing. The students' dialogues with McCloskey, with each other, and with the authors of the pieces they evaluate sharpen their understanding of, and ability to use, language as an instrument of economic thought. Interviews with former students identify specific benefits from the student perspective of this approach. The authors show how the assignment series can be modified in several ways and how the general approach, as well as the foundation text, can be used in different economics courses. Journal: The Journal of Economic Education Pages: 43-58 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.43-58 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.43-58 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:43-58 Template-Type: ReDIF-Article 1.0 Author-Name: Roger E. Bolton Author-X-Name-First: Roger E. Author-X-Name-Last: Bolton Title: Computer Simulation of the Alonso Household Location Model in the Microeconomics Course Abstract: Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables, one of which is a "bad," and one good's price is a nonlinear function of another decision variable. These instructive complications are easily within the grasp of students. The simulation illustrates algebraic utility functions that are important in later courses. The author describes ways to simulate various versions of the model, from relatively simple to advanced, including a version that incorporates time-allocation decisions, thus giving the instructor flexibility in teaching students of varying ability. Journal: The Journal of Economic Education Pages: 59-76 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.59-76 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.59-76 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:59-76 Template-Type: ReDIF-Article 1.0 Author-Name: Peter E. Kennedy Author-X-Name-First: Peter E. Author-X-Name-Last: Kennedy Title: Oh No! I Got the Wrong Sign! What Should I Do? Abstract: Getting a "wrong" sign in empirical work is a common phenomenon. Remarkably, econometrics textbooks provide very little information to practitioners on how this problem can arise. The author exposits a long list of ways in which a wrong sign can occur and how it might be corrected. Journal: The Journal of Economic Education Pages: 77-92 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.77-92 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.77-92 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:77-92 Template-Type: ReDIF-Article 1.0 Author-Name: Edward M. Scahill Author-X-Name-First: Edward M. Author-X-Name-Last: Scahill Author-Name: Claire Melican Author-X-Name-First: Claire Author-X-Name-Last: Melican Title: The Preparation and Experience of Advanced Placement in Economics Instructors Abstract: The authors summarize the results of a survey of 1,365 instructors of advanced placement (AP) economics courses; responses were received from 296 instructors (21.7 percent). The authors discuss the respondents' textbook preferences, graduate and undergraduate backgrounds, teaching experiences, and evaluations of nontextbook teaching materials. Journal: The Journal of Economic Education Pages: 93-98 Issue: 1 Volume: 36 Year: 2005 Month: 1 X-DOI: 10.3200/JECE.36.1.93-98 File-URL: http://hdl.handle.net/10.3200/JECE.36.1.93-98 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:1:p:93-98 Template-Type: ReDIF-Article 1.0 Author-Name: Catherine Eckel Author-X-Name-First: Catherine Author-X-Name-Last: Eckel Author-Name: Melayne Morgan McInnes Author-X-Name-First: Melayne Morgan Author-X-Name-Last: McInnes Author-Name: Sara Solnick Author-X-Name-First: Sara Author-X-Name-Last: Solnick Author-Name: Jean Ensminger Author-X-Name-First: Jean Author-X-Name-Last: Ensminger Author-Name: Roland Fryer Author-X-Name-First: Roland Author-X-Name-Last: Fryer Author-Name: Ronald Heiner Author-X-Name-First: Ronald Author-X-Name-Last: Heiner Author-Name: Gavin Samms Author-X-Name-First: Gavin Author-X-Name-Last: Samms Author-Name: Katri Sieberg Author-X-Name-First: Katri Author-X-Name-Last: Sieberg Author-Name: Rick Wilson Author-X-Name-First: Rick Author-X-Name-Last: Wilson Title: Bobbing for Widgets: Compensating Wage Differentials Abstract: The authors describe a classroom game that introduces the concept of compensating wage differentials by allowing students to negotiate over the assignment of jobs and wages. Two jobs are designed so that neither job requires special skills, but one is significantly more unpleasant than the other. By varying the job titles and duties, students can see how wages respond to changes in job characteristics. The impact of various policy measures, such as comparable worth legislation and safety regulation, is also explored. This game can be conducted in a 50-minute class and requires only a deck of cards, poker chips, and a container of ice water. Journal: The Journal of Economic Education Pages: 129-138 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.129-138 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.129-138 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:129-138 Template-Type: ReDIF-Article 1.0 Author-Name: Geert B. Woltjer Author-X-Name-First: Geert B. Author-X-Name-Last: Woltjer Title: Decisions and Macroeconomics: Development and Implementation of a Simulation Game Abstract: For many students macroeconomics is very abstract; it is difficult for them to imagine that the theories are fundamentally about the coordination of human decisions. The author developed a simulation game called Steer the Economy that creates the possibility for students to make the decisions of the firms that are implicit in macroeconomic models. The game consists of a computer network where players manage their own company for the equivalent of 150 months. The players make decisions about prices, wages, labor demand, and investment. All players together are the complete production sector of the economy. Consumption, government, and the Central Bank are incorporated in the computer model and can be manipulated by the game leader. The interaction between the player decisions generates fluctuations in, for example, unemployment, inflation, real wages, and investment. Players can increase the profits of their companies in the game by analyzing micro- and macroeconomic dynamics in the game economy. A system of feedback is provided to generate the necessary skills. Journal: The Journal of Economic Education Pages: 139-144 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.139-144 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.139-144 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:139-144 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Pickhardt Author-X-Name-First: Michael Author-X-Name-Last: Pickhardt Title: Teaching Public Goods Theory With a Classroom Game Abstract: The author extends the work of Holt and Laury (1997) on a simple noncomputerized card game for teaching the essential aspects of public goods theory. He suggests a course of several lectures and discusses the behavior of subjects in various game sessions. Among other things, the results provide experimental evidence with respect to the private provision of public goods. Other aspects discussed include anomalous behavior patterns and a critical review of the game. He provides student exercises in the appendix. Journal: The Journal of Economic Education Pages: 145-159 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.145-159 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.145-159 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:145-159 Template-Type: ReDIF-Article 1.0 Author-Name: Roland G. Fryer Author-X-Name-First: Roland G. Author-X-Name-Last: Fryer Author-Name: Jacob K. Goeree Author-X-Name-First: Jacob K. Author-X-Name-Last: Goeree Author-Name: Charles A. Holt Author-X-Name-First: Charles A. Author-X-Name-Last: Holt Title: Experience-Based Discrimination: Classroom Games Abstract: The authors present a simple classroom game in which students are randomly designated as employers, purple workers, or green workers. This environment may generate "statistical" discrimination if workers of one color tend not to invest because they anticipate lower opportunities in the labor market, and these beliefs are self-confirming as employers learn that it is, on average, less profitable to hire workers of that color. Such discriminatory equilibria may arise even when workers are ex-ante identical, and the employer has no prior information regarding potential workers. The exercise typically generates a lively discussion about discrimination and how it may be addressed by alternative public policies. Journal: The Journal of Economic Education Pages: 160-170 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.160-170 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.160-170 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:160-170 Template-Type: ReDIF-Article 1.0 Author-Name: Sandra J. Peart Author-X-Name-First: Sandra J. Author-X-Name-Last: Peart Author-Name: David M. Levy Author-X-Name-First: David M. Author-X-Name-Last: Levy Title: Valuing (and Teaching) the Past Abstract: There is a difference between the private and social cost of preserving the past. Although it may be privately rational to forget the past, the social cost is significant: We fail to see that classical political economy is analytically egalitarian. The past is a rich source of surprises and debates, and resources on the Web are uniquely suited to teaching such wide-ranging debates. Our Secret History of the Dismal Science, at www.econlib.org, provides a series of windows on the literary and analytical texts and the artwork that figured in the debates. Students who read Smith juxtaposed with Whitman, who read the Carlyle-Mill exchange, and who see these images, understand the debate in a way that students who read only the Wealth of Nations, Ricardo's Principles, or John Stuart Mill cannot. Journal: The Journal of Economic Education Pages: 171-184 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.171-184 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.171-184 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:171-184 Template-Type: ReDIF-Article 1.0 Author-Name: Hirschel Kasper Author-X-Name-First: Hirschel Author-X-Name-Last: Kasper Title: Peer to Peer: Right and Wrong Lessons for Department Reviews Abstract: The author describes his experience with the process of peer reviews by economists of economics departments. On the bases of roughly 20 reviews of departments in the public and private sectors over two decades, he discusses how the process works and what can be accomplished by it and identifies some pitfalls that should be avoided. He offers lessons that are illustrated by actual examples of the effectiveness and mistakes of the process. Journal: The Journal of Economic Education Pages: 185-197 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.185-197 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.185-197 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:185-197 Template-Type: ReDIF-Article 1.0 Author-Name: Fabio Sabatini Author-X-Name-First: Fabio Author-X-Name-Last: Sabatini Title: Resources for the Study of Social Capital Journal: The Journal of Economic Education Pages: 198-198 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.198-198 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.198-198 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:198-198 Template-Type: ReDIF-Article 1.0 Author-Name: J. Wilson Mixon Author-X-Name-First: J. Wilson Author-X-Name-Last: Mixon Title: Analyzing Subsidies in Microsoft Excel Journal: The Journal of Economic Education Pages: 199-199 Issue: 2 Volume: 36 Year: 2005 Month: 4 X-DOI: 10.3200/JECE.36.2.199-199 File-URL: http://hdl.handle.net/10.3200/JECE.36.2.199-199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:2:p:199-199 Template-Type: ReDIF-Article 1.0 Author-Name: David K. Round Author-X-Name-First: David K. Author-X-Name-Last: Round Author-Name: Martin Shanahan Author-X-Name-First: Martin Author-X-Name-Last: Shanahan Title: Perspectives on Teaching Economics from Around the Globe Journal: The Journal of Economic Education Pages: 203-204 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.203-204 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.203-204 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:203-204 Template-Type: ReDIF-Article 1.0 Author-Name: Avinash Dixit Author-X-Name-First: Avinash Author-X-Name-Last: Dixit Title: Restoring Fun to Game Theory Abstract: The author suggests methods for teaching game theory at an introductory level, using interactive games to be played in the classroom or in computer clusters, clips from movies to be screened and discussed, and excerpts from novels and historical books to be read and discussed. Journal: The Journal of Economic Education Pages: 205-219 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.205-219 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.205-219 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:205-219 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore C. Bergstrom Author-X-Name-First: Theodore C. Author-X-Name-Last: Bergstrom Author-Name: Eugene Kwok Author-X-Name-First: Eugene Author-X-Name-Last: Kwok Title: Extracting Valuable Data from Classroom Trading Pits Abstract: How well does competitive theory explain the outcome in experimental markets. The authors examined the results of a large number of classroom trading experiments that used a pit-trading design found in Experiments with Economic Principles, an introductory economics textbook by Bergstrom and Miller. They compared experimental outcomes with predictions of competitive-equilibrium theory and with those of a simple profit-splitting theory. Neither theory was entirely successful in explaining the data, although in the first rounds of trading there was significant profit splitting and, as traders became more experienced, outcomes were closer to those predicted by competitive theory. Journal: The Journal of Economic Education Pages: 220-235 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.220-235 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.220-235 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:220-235 Template-Type: ReDIF-Article 1.0 Author-Name: Edward K. Y. Chen Author-X-Name-First: Edward K. Y. Author-X-Name-Last: Chen Title: Teaching and Learning Development Economics: Retrospect and Prospect Abstract: The author has chosen three major topics in development economics for a discussion on how to teach the subject: the concepts and measurement of development, models of growth and development, and the international aspects of economic development. For the concepts of development, it is important to emphasize the coherence of the topics to be studied. In teaching models of growth and development, he suggests that the classical models, the Marxian model, the Harrod-Domar models, and the Neoclassical model be discussed in the context of technology versus capital as a major determinant of growth and development. The role of labor, employment, and human capital would be discussed in the context of the Lewis-Ranis-Fei model, the Harris-Todaro model, and the New Growth theory. The international aspects should be given due emphasis in the economic development syllabus with a thorough discussion on trade, investment, and finance in this connection. Journal: The Journal of Economic Education Pages: 236-248 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.236-248 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.236-248 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:236-248 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: What Economists Teach and What Economists Do Abstract: Fifty years ago what was taught in the principles of economics course reflected reasonably well what economists did in their research. That, however, is no longer the case; today what economists teach has a more nuanced relation to what they do. The reason is that the economics profession and the textbooks have evolved differently. The author addresses the implications of the changes that have occurred in the profession for the way economics is taught and the way economics is presented in the micro principles textbooks. First, he summarizes the changes he sees happening in the profession. Second, he discusses the stories that the principles textbooks tell in micro. Third, he discusses how those stories might change to reflect better what economists currently do. Journal: The Journal of Economic Education Pages: 249-260 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.249-260 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.249-260 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:249-260 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Author-Name: William H. Greene Author-X-Name-First: William H. Author-X-Name-Last: Greene Title: Using the Nobel Laureates in Economics to Teach Quantitative Methods Abstract: The authors show how the work of Nobel Laureates in economics can enhance student understanding and bring them up to date on topics such as probability, uncertainty and decision theory, hypothesis testing, regression to the mean, instrumental variable techniques, discrete choice modeling, and time-series analysis. Journal: The Journal of Economic Education Pages: 261-277 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.261-277 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.261-277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:261-277 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Author-Name: Kim Sosin Author-X-Name-First: Kim Author-X-Name-Last: Sosin Title: Teaching with Technology: May You Live in Interesting Times Abstract: During the past 10 years, teaching with computer technology, such as e-mail and the Web, has become customary throughout undergraduate economic education. The authors review the literature on the implications for student learning, present specific educational activities that use a number of different computer technologies, and discuss growing problems, such as "cyber-plagiarism," along with suggesting potential solutions. The future of using technology for teaching economics will be the continuation of recent trends: increased portability in the access to instruction and increased opportunities for interaction, including students' interaction with the material and with the instructor and other students. Journal: The Journal of Economic Education Pages: 278-291 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.278-291 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.278-291 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:278-291 Template-Type: ReDIF-Article 1.0 Author-Name: John D. Hey Author-X-Name-First: John D. Author-X-Name-Last: Hey Title: I Teach Economics, Not Algebra and Calculus Abstract: Most people learn to drive without knowing how the engine works. In a similar vein, the author believes that students can learn economics without knowing the algebra and calculus underlying the results. If instructors follow the philosophy of other economics courses in using graphs to illustrate the results, and draw the graphs accurately, then they can teach economics with virtually no algebra or calculus. The author's intermediate micro course is taught using mathematical software that does the mathematics and that draws accurate graphs from which students can see the key results. He backs up this no-algebra no-calculus approach with tutorial exercises in which students do economics and with exams that require no knowledge of algebra and calculus. The students end up feeling the economics, rather than fearing the algebra and the calculus. Journal: The Journal of Economic Education Pages: 292-304 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.292-304 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.292-304 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:292-304 Template-Type: ReDIF-Article 1.0 Author-Name: John D. Hey Author-X-Name-First: John D. Author-X-Name-Last: Hey Title: On My Web Site, I Teach Economics, Not Algebra and Calculus Journal: The Journal of Economic Education Pages: 305-305 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.305-305 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.305-305 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:305-305 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: "Closing" an International Economic Education Conference in OZ Journal: The Journal of Economic Education Pages: 306-308 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.306-308 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.306-308 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:306-308 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991 to 2004 Journal: The Journal of Economic Education Pages: 309-312 Issue: 3 Volume: 36 Year: 2005 Month: 7 X-DOI: 10.3200/JECE.36.3.309-312 File-URL: http://hdl.handle.net/10.3200/JECE.36.3.309-312 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:3:p:309-312 Template-Type: ReDIF-Article 1.0 Author-Name: Nan L. Maxwell Author-X-Name-First: Nan L. Author-X-Name-Last: Maxwell Author-Name: John R. Mergendoller Author-X-Name-First: John R. Author-X-Name-Last: Mergendoller Author-Name: Yolanda Bellisimo Author-X-Name-First: Yolanda Author-X-Name-Last: Bellisimo Title: Problem-Based Learning and High School Macroeconomics: A Comparative Study of Instructional Methods Abstract: The authors examined the potential differences between problem-based learning (PBL) and traditional instructional approaches in building knowledge of macroeconomic concepts and principles in high school students. Using data from 252 economics students at 11 high schools and controlling for individual characteristics, most notably verbal ability, they found modest evidence that, in the aggregate, PBL increased learning of macroeconomics at the high school level as compared with traditional classes. They found strong evidence of an instructional interaction with teachers such that, for some teachers, students' learning of macroeconomics increased using PBL but, for others, learning increased using more traditional instructional methods. Still other teachers saw no significant difference in learning under the two instructional strategies. The results suggest that problem-based instruction can improve student learning if instructors who are well trained in both the PBL technique and economics implement it. Journal: The Journal of Economic Education Pages: 315-329 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.315-331 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.315-331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:315-329 Template-Type: ReDIF-Article 1.0 Author-Name: Keith Brouhle Author-X-Name-First: Keith Author-X-Name-Last: Brouhle Author-Name: Jay Corrigan Author-X-Name-First: Jay Author-X-Name-Last: Corrigan Author-Name: Rachel Croson Author-X-Name-First: Rachel Author-X-Name-Last: Croson Author-Name: Martin Farnham Author-X-Name-First: Martin Author-X-Name-Last: Farnham Author-Name: Selhan Garip Author-X-Name-First: Selhan Author-X-Name-Last: Garip Author-Name: Luba Habodaszova Author-X-Name-First: Luba Author-X-Name-Last: Habodaszova Author-Name: Laurie Tipton Johnson Author-X-Name-First: Laurie Tipton Author-X-Name-Last: Johnson Author-Name: Martin Johnson Author-X-Name-First: Martin Author-X-Name-Last: Johnson Author-Name: David Reiley Author-X-Name-First: David Author-X-Name-Last: Reiley Title: Local Residential Sorting and Public Goods Provision: A Classroom Demonstration Abstract: This classroom exercise illustrates the Tiebout (1956) hypothesis that residential sorting across multiple jurisdictions leads to a more efficient allocation of local public goods. The exercise places students with heterogeneous preferences over a public good into a single classroom community. A simple voting mechanism determines the level of public good provision in the community. Next, the classroom is divided in two, and students may choose to move between the two smaller communities, sorting themselves according to their preferences for public goods. The exercise places cost on movement at first, then allows for costless sorting. Students have the opportunity to observe how social welfare rises through successive rounds of the exercise, as sorting becomes more complete. They may also observe how immobile individuals can become worse off because of incomplete sorting when the Tiebout assumptions do not hold perfectly. Journal: The Journal of Economic Education Pages: 332-341 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.332-344 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.332-344 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:332-341 Template-Type: ReDIF-Article 1.0 Author-Name: David C. Sharp Author-X-Name-First: David C. Author-X-Name-Last: Sharp Author-Name: Dave S. Knowlton Author-X-Name-First: Dave S. Author-X-Name-Last: Knowlton Author-Name: Renée E. Weiss Author-X-Name-First: Renée E. Author-X-Name-Last: Weiss Title: Applications of Generative Learning for the Survey of International Economics Course Abstract: Generative learning provides students with opportunities to organize course content, integrate new content with students' current knowledge, and elaborate on course content by making connections to real-world events. These opportunities promote less reliance on professors' lectures and simultaneously create more self-reliance among students. The authors offer categories of generative learning strategies and briefly discuss their merits. They offer ideas for implementing generative strategies into the day-to-day events of an economics course. Although the authors use a survey of international economics course as their example, the ideas in this article could be applied in a variety of economics courses. Journal: The Journal of Economic Education Pages: 345-356 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.345-357 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.345-357 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:345-356 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen L. Cheung Author-X-Name-First: Stephen L. Author-X-Name-Last: Cheung Title: A Classroom Entry and Exit Game of Supply with Price-Taking Firms Abstract: The author describes a classroom game demonstrating the process of adjustment to long-run equilibrium in a market consisting of price-taking firms. This game unites and extends key insights from several simpler games in a framework more consistent with the standard textbook model of a competitive industry. Because firms have increasing marginal costs and can offer multiple units for sale, they face a nontrivial supply decision. This is nested in an entry and exit game with price adjustment to capture long-run aspects of the standard model. Finally, by introducing heterogeneity in firms' fixed costs, the game demonstrates how the price mechanism not only establishes the equilibrium number of firms and the output of each but also the identities of the most efficient sellers. Journal: The Journal of Economic Education Pages: 358-367 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.358-368 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.358-368 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:358-367 Template-Type: ReDIF-Article 1.0 Author-Name: Liqun Liu Author-X-Name-First: Liqun Author-X-Name-Last: Liu Author-Name: Andrew J. Rettenmaier Author-X-Name-First: Andrew J. Author-X-Name-Last: Rettenmaier Title: A Graphical Exposition of the Link between Two Representations of the Excess Burden of Taxation Abstract: The excess burden of taxation typically has two graphical representations in undergraduate microeconomics and public finance textbooks: the IC/BC (indifference curve/budget constraint) representation and the demand/supply representation. The IC/BC representation has the advantage of showing the behavioral response to a distortionary tax and how a substitution effect alone contributes to the excess burden, whereas the demand/supply representation, also known as the Harberger Triangle, has the advantage of being easily estimated using observable variables. The authors provide a link between the two excess burden representations by illustrating how the Harberger Triangle in the demand/supply framework corresponds to the line segment that represents the excess burden in the IC/BC framework. Journal: The Journal of Economic Education Pages: 369-378 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.369-378 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.369-378 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:369-378 Template-Type: ReDIF-Article 1.0 Author-Name: Ralph C. Allen Author-X-Name-First: Ralph C. Author-X-Name-Last: Allen Author-Name: Jack H. Stone Author-X-Name-First: Jack H. Author-X-Name-Last: Stone Title: Textbook Neglect of the Constant Coefficient Abstract: The authors argue that the textbook treatments of the constant term in regression analysis vary extensively and are often neglectful, incomplete, or even incorrect. Given the potential importance of the constant coefficient in theoretical and applied work, they develop the factors biasing the estimation of the constant term to support the argument that textbook discussions of the constant coefficient should be made as clear as that of the slope coefficients. Journal: The Journal of Economic Education Pages: 379-384 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.379-384 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.379-384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:379-384 Template-Type: ReDIF-Article 1.0 Author-Name: James Halteman Author-X-Name-First: James Author-X-Name-Last: Halteman Title: Externalities and the Coase Theorem: A Diagrammatic Presentation Abstract: In intermediate microeconomic textbooks the reciprocal nature of externalities is presented using numerical examples of costs and benefits. This treatment of the Coase theorem obscures the fact that externality costs and benefits are best understood as being on a continuum where costs vary with the degree of intensity of the externality. When these cost-and-benefit functions are portrayed as continuous, it is possible to analyze optimal levels of the externality. Total costs and benefits can be observed so that efficiency can be evaluated under conditions of zero transactions costs, positive transactions costs, and auction bidding for property rights. This approach also reinforces several other general principles of microeconomic theory. Journal: The Journal of Economic Education Pages: 385-390 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.385-390 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.385-390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:385-390 Template-Type: ReDIF-Article 1.0 Author-Name: Timothy Dittmer Author-X-Name-First: Timothy Author-X-Name-Last: Dittmer Title: Diminishing Marginal Utility in Economics Textbooks Abstract: Many introductory microeconomics textbook authors derive the law of demand from the assumption of diminishing marginal utility. Authors of intermediate and graduate textbooks derive demand from diminishing marginal rate of substitution and ordinal preferences. These approaches are not interchangeable; diminishing marginal utility for all goods is neither a necessary nor sufficient condition for diminishing marginal rate of substitution, and the assumption of diminishing marginal utility is inconsistent with the assumption of ordinal preferences. In this article, the author argues that demand curves should not be derived from diminishing marginal utility in introductory textbooks and suggests that introductory text authors begin their treatment of demand with diminishing marginal value. Journal: The Journal of Economic Education Pages: 391-399 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.391-399 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.391-399 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:391-399 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Teachers' Undergraduate Coursework in Economics in the Baccalaureate and Beyond Longitudinal Study Abstract: The National Center for Educational Statistics' Baccalaureate and Beyond (B and B) Longitudinal Study followed a nationally representative sample of approximately 11,000 students after their graduation in the 1992-93 academic year, with interviews conducted in 1994 and 1997. Approximately 1,700 graduates reported working as teachers at some time in their careers. Using transcript data from the B and B study, the authors report the quantity and type of economics courses that these teachers completed as undergraduates and their average grades in these courses and then compare those figures to the overall B and B population. Journal: The Journal of Economic Education Pages: 400-405 Issue: 4 Volume: 36 Year: 2005 Month: 10 X-DOI: 10.3200/JECE.36.4.400-406 File-URL: http://hdl.handle.net/10.3200/JECE.36.4.400-406 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:36:y:2005:i:4:p:400-405 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Buckles Author-X-Name-First: Stephen Author-X-Name-Last: Buckles Title: Book Review Journal: The Journal of Economic Education Pages: 118-120 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.118-120 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.118-120 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:118-120 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Cook Author-X-Name-First: Thomas Author-X-Name-Last: Cook Title: Simulating a Dynamic Lecture Online: Circular Flow as an Example Journal: The Journal of Economic Education Pages: 121-121 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.121-121 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.121-121 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:121-121 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Sri Harsha Kolar Author-X-Name-First: Sri Harsha Author-X-Name-Last: Kolar Author-Name: Pavan R. Karnam Author-X-Name-First: Pavan R. Author-X-Name-Last: Karnam Title: Profit Maximization (Short Run) for Price Takers—Flash Animation Journal: The Journal of Economic Education Pages: 122-122 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.122-122 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.122-122 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:122-122 Template-Type: ReDIF-Article 1.0 Author-Name: Rosemary J. Avery Author-X-Name-First: Rosemary J. Author-X-Name-Last: Avery Author-Name: W. Keith Bryant Author-X-Name-First: W. Keith Author-X-Name-Last: Bryant Author-Name: Alan Mathios Author-X-Name-First: Alan Author-X-Name-Last: Mathios Author-Name: Hyojin Kang Author-X-Name-First: Hyojin Author-X-Name-Last: Kang Author-Name: Duncan Bell Author-X-Name-First: Duncan Author-X-Name-Last: Bell Title: Electronic Course Evaluations: Does an Online Delivery System Influence Student Evaluations? Abstract: Abstract: An increasing number of academic institutions are considering changing to Web-based systems to take advantage of efficiencies in the collection of end-of-semester course evaluaitons. In considering such a change it is important that researchers determine whether it will affect mean evaluaiton scores and response rates. We undertook this study in a department considering changing over to electronic course evaluations ot determine the effect such a change would have on the quality of resulting course evaluation data. Study results found that Web-based evaluation methods led to lower response rates, but that lower response rates did not appear to affect mean evaluation scores. They suggested that faculty evaluation scores will not be adversely affected by switching from paper to Web-based evaluations. Journal: The Journal of Economic Education Pages: 21-37 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.21-37 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.21-37 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:21-37 Template-Type: ReDIF-Article 1.0 Author-Name: Michael A. McPherson Author-X-Name-First: Michael A. Author-X-Name-Last: McPherson Title: Determinants of How Students Evaluate Teachers Abstract: Abstract: Convincingly establishing the determinants of student evaluation of teaching (SET) scores has been elusive, largely because of inadequate statistical methods and a paucity of data. The author uses a much larger time span than in any previous research—607 economics classes over 17 semesters. This permits a proper treatment of unobserved heterogeneity. Results indicate that instructors can buy higher SET scores by awarding higher grades. In principles classes, the level of experience of the instructor and the class size are found to be significant determinants of SET scores. In upper-division classes, the type of student and the response rate matter. In both types of classes, factors specific to courses, instructors, and time periods are important; adjustments of scores to remove these influences may be warranted. Journal: The Journal of Economic Education Pages: 3-20 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.3-20 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.3-20 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:3-20 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Testing for Depth of Understanding in Economics Using Essay Questions Abstract: Abstract: The essay test has great potential to assess the higher levels of student understanding of economics. The problem is that most instructors fail to exploit the significant advantage of this testing method and to avoid its pitfalls. The author highlights the advantages and pitfalls to essay testing in economics and gives instructors many practical examples and suggestions for improving the quality of essay questions. The general conclusion is that essay testing requires more work than is generally expected by economics instructors, but this commitment needs to be made if essay tests are to be used as an effective and reliable measure for depth of understanding in economics. Journal: The Journal of Economic Education Pages: 38-47 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.38-47 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.38-47 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:38-47 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Buckles Author-X-Name-First: Stephen Author-X-Name-Last: Buckles Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Using Multiple-Choice Questions to Evaluate In-Depth Learning of Economics Abstract: Abstract: Multiple-choice questions are the basis of a significant portion of assessment in introductory economics courses. However, these questions, as found in course assessments, test banks, and textbooks, often fail to evaluate students' abilities to use and apply economic analysis. The authors conclude that multiple-choice questions can be used to measure some but not all elements of indepth understanding of economics. The authors interpret in-depth understanding as ability to reason through logical steps when those steps and the relevant economic concepts are not explicitly stated. They present examples of multiplechoice questions that do and do not measure in-depth understanding. Journal: The Journal of Economic Education Pages: 48-57 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.48-57 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.48-57 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:48-57 Template-Type: ReDIF-Article 1.0 Author-Name: Robert H. Frank Author-X-Name-First: Robert H. Author-X-Name-Last: Frank Title: The Economic Naturalist Writing Assignment Abstract: Abstract: Several months after having completed an introductory economics course, most students are no better able to answer simple economic questions than students who never took the course. The problem seems to be that principles courses try to teach students far too much, with the result that everything goes by in a blur. The good news is that a relatively small number of basic principles do most of the heavy lifting in economics. By focusing narrowly on these principles, it is possible to teach students to master them at a fairly high level in just a single semester. The author describes a simple pedagogical device that has proven effective in this effort. It is called the "economic naturalist writing assignment," an essay in which students must pose an interesting question about something they have personally observed and then use basic economic principles to answer it in no more than 500 words. The author gives examples of questions and answers. Journal: The Journal of Economic Education Pages: 58-67 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.58-67 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.58-67 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:58-67 Template-Type: ReDIF-Article 1.0 Author-Name: John C. Eckalbar Author-X-Name-First: John C. Author-X-Name-Last: Eckalbar Title: Exploring Bundling Theory with Geometry Abstract: Abstract: The author shows how instructors might successfully introduce students in principles and intermediate microeconomic theory classes to the topic of bundling (i.e., the selling of two or more goods as a package, rather than separately). It is surprising how much students can learn using only the tools of high school geometry. To be specific, one can prove that with independently distributed reservation prices, pure bundling raises both profits and consumers' surplus. The author also explores the topic of mixed bundling (i.e., when both bundles and separate sales are conducted). Journal: The Journal of Economic Education Pages: 68-82 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.68-82 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.68-82 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:68-82 Template-Type: ReDIF-Article 1.0 Author-Name: Youngsun Kwon Author-X-Name-First: Youngsun Author-X-Name-Last: Kwon Title: Third-Degree Price Discrimination Revisited Abstract: Abstract: The author derives the probability that price discrimination improves social welfare, using a simple model of third-degree price discrimination assuming two independent linear demands. The probability that price discrimination raises social welfare increases as the preferences or incomes of consumer groups become more heterogeneous. He derives the average revenue curve of the price-discriminating monopoly, corresponding to its aggregated marginal revenue curve. The curve is non-linear and lies above the aggregated demand curve of simple monopoly. The results may be used to explain to students the effects of third-degree price discrimination on market outcomes. Journal: The Journal of Economic Education Pages: 83-92 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.83-92 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.83-92 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:83-92 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Information and Pollution Permit Markets: Another View Abstract: Abstract: In a recent article, Smith and Yates (2003) argued that regulators could gain additional information about the optimal number of permits to issue from two-sided markets. The author argues that they are incorrect in their assertion because the market they refer to is an asymmetric two-sided market in which individuals are only allowed to decrease the number of permits. When a symmetric two-sided market is considered, the public good nature of the problem makes it unlikely that any useful information can come from a two-sided market. Journal: The Journal of Economic Education Pages: 93-97 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.93-97 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.93-97 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:93-97 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Bofinger Author-X-Name-First: Peter Author-X-Name-Last: Bofinger Author-Name: Eric Mayer Author-X-Name-First: Eric Author-X-Name-Last: Mayer Author-Name: Timo Wollmershäuser Author-X-Name-First: Timo Author-X-Name-Last: Wollmershäuser Title: The BMW Model: A New Framework for Teaching Monetary Economics Abstract: Abstract: Although the IS/LM-AS/AD model is still the central tool of macroeconomic teaching in most macroeconomic textbooks, it has been criticized by several economists. Colander (1995) demonstrated that the framework is logically inconsistent, Romer (2000) showed that it is unable to deal with a monetary policy that uses the interest rate as its operating target, and Walsh criticized that it is not well suited for an analysis of inflation targeting. The authors present a framework that develops the Romer approach into a very simple but, at the same time, comprehensive macroeconomic model. In spite of its simplicity, it can carry the main insights of the New Keynesian macroeconomics to an intermediate level and deal with issues like inflation targeting, monetary policy rules, and central bank credibility. Journal: The Journal of Economic Education Pages: 98-117 Issue: 1 Volume: 37 Year: 2006 Month: 1 X-DOI: 10.3200/JECE.37.1.98-117 File-URL: http://hdl.handle.net/10.3200/JECE.37.1.98-117 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:1:p:98-117 Template-Type: ReDIF-Article 1.0 Author-Name: Wayne A. Grove Author-X-Name-First: Wayne A. Author-X-Name-Last: Grove Author-Name: Tim Wasserman Author-X-Name-First: Tim Author-X-Name-Last: Wasserman Author-Name: Andrew Grodner Author-X-Name-First: Andrew Author-X-Name-Last: Grodner Title: Choosing a Proxy for Academic Aptitude Abstract: Abstract: Although academic ability is the most important explanatory variable in studies of student learning, researchers control for it with a wide array and combinations of proxies. The authors investigated how the proxy choice affects estimates of undergraduate student learning by testing over 150 specifications of a single model, each including a different combination of 11 scholastic aptitude measures—high school grade point average (GPA) and rank and variants of college GPA and Scholastic Aptitude Test (SAT) scores. Proxy choices alone cause the magnitude of the estimated learning gains to vary by large and meaningful amounts, with increases ranging from a C+ to less than a B- or to a B. The authors found that collegiate GPA data offer the best proxy for students' individual propensities to learn economics—a result that runs counter to researchers' actual proxy choices. The results suggest that scholars should control for academic aptitude with college grades and either SAT scores or high school GPA or rank. Journal: The Journal of Economic Education Pages: 131-147 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.131-147 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.131-147 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:131-147 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel R. Marburger Author-X-Name-First: Daniel R. Author-X-Name-Last: Marburger Title: Does Mandatory Attendance Improve Student Performance? Abstract: Abstract: Previous empirical literature indicates that student performance is inversely correlated with absenteeism. The author investigates the impact of enforcing an attendance policy on absenteeism and student performance. The evidence suggests that an enforced mandatory attendance policy significantly reduces absenteeism and improves exam performance. Journal: The Journal of Economic Education Pages: 148-155 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.148-155 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.148-155 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:148-155 Template-Type: ReDIF-Article 1.0 Author-Name: Melanie Marks Author-X-Name-First: Melanie Author-X-Name-Last: Marks Author-Name: David Lehr Author-X-Name-First: David Author-X-Name-Last: Lehr Author-Name: Ray Brastow Author-X-Name-First: Ray Author-X-Name-Last: Brastow Title: Cooperation versus Free Riding in a Threshold Public Goods Classroom Experiment Abstract: Abstract: The authors present a classroom public goods experiment on the basis of a provision-point mechanism (PPM), where subjects must make an all or nothing decision about providing the public good. As a teaching tool, this design is superior to traditional prisoner's dilemma games because it creates multiple equilibrium in which individual financial incentive to contribute less may result in a coordination failure. Because the PPM does not incorporate a dominant strategy to free ride, students must individually choose a level of cooperation without the benefits of communication. Students discover problems of achieving an optimal social outcome because failure to coordinate on an efficient equilibrium can eliminate benefits to the group. This experiment is an excellent vehicle for introducing game theoretic problems of public good provision and for engendering meaningful discussion of real-world applications. Journal: The Journal of Economic Education Pages: 156-170 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.156-170 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.156-170 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:156-170 Template-Type: ReDIF-Article 1.0 Author-Name: Cathleen Whiting Author-X-Name-First: Cathleen Author-X-Name-Last: Whiting Title: Data-based Active Learning in the Principles of Macroeconomics Course: A Mock FOMC Meeting Abstract: Abstract: The author presents an active-learning exercise for the introductory macroeconomics class in which students participate in a mock Federal Open Market Committee (FOMC) meeting. Preparation involves data gathering and writing both a research report and a policy recommendation. An FOMC meeting is simulated in which students give their policy recommendations, participate in deliberation, and vote on policy. This exercise fosters engagement across diverse groups of students at the introductory level as it develops proficiencies desired for economics majors. Journal: The Journal of Economic Education Pages: 171-177 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.171-177 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.171-177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:171-177 Template-Type: ReDIF-Article 1.0 Author-Name: Lori Alden Author-X-Name-First: Lori Author-X-Name-Last: Alden Title: Rationing a "Free" Good: A Classroom Experiment Abstract: Abstract: The author describes a classroom experiment that illustrates the welfare effects of allocating a good on a first-come, first-served basis. In the first round, each student must decide how long to wait in an imaginary line for candy, without knowing how much will be distributed or how long others are willing to wait. In making this decision, a student must balance a desire to win candy with a desire to spend as little time as possible in line. The supply and demand curves for the candy are then revealed and the consumer surplus and time spent waiting are measured. In subsequent rounds, students are allowed to change their wait times in light of this new information. Their wait times eventually conform to the textbook model of nonprice allocation with perfect information. Journal: The Journal of Economic Education Pages: 178-186 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.178-186 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.178-186 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:178-186 Template-Type: ReDIF-Article 1.0 Author-Name: Amy W. Ando Author-X-Name-First: Amy W. Author-X-Name-Last: Ando Author-Name: Donna Ramirez Harrington Author-X-Name-First: Donna Ramirez Author-X-Name-Last: Harrington Title: Tradable Discharge Permits: A Student-Friendly Game Abstract: Abstract: An in-class game can be used to improve students' understanding of how a tradable discharge permit (TDP) program might work. There are, however, trade-offs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from the experience. The authors develop a game that is easy enough to play that even students with limited backgrounds in economics and math can participate fully. Instructors can use this game to provide a diverse body of students with insights on the relative cost-effectiveness of a permit system over a uniform standard, the nature of permit market equilibrium, and the comparative advantages of different regulatory regimes. Journal: The Journal of Economic Education Pages: 187-201 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.187-201 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.187-201 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:187-201 Template-Type: ReDIF-Article 1.0 Author-Name: Stephanie M. Brewer Author-X-Name-First: Stephanie M. Author-X-Name-Last: Brewer Author-Name: James J. Jozefowicz Author-X-Name-First: James J. Author-X-Name-Last: Jozefowicz Title: Making Economic Principles Personal: Student Journals and Reflection Papers Abstract: Abstract: The authors address two informal writing assignments implemented in introductory economics classes. One assignment involves students writing short reflection papers, and the other assignment involves students writing short journal entries for a designated period of time. Both assignments are designed to help students realize that economics is directly pertinent to their daily lives. Pedagogical issues related to both the benefits to students and the benefits and costs to faculty who implement the assignments are discussed. These assignments can provide beneficial insights to newer faculty members, who are adjusting to university and local community life, and contribute to developing new course material of perceived relevance to students. Journal: The Journal of Economic Education Pages: 202-216 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.202-216 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.202-216 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:202-216 Template-Type: ReDIF-Article 1.0 Author-Name: John Considine Author-X-Name-First: John Author-X-Name-Last: Considine Title: The Simpsons: Public Choice in the Tradition of Swift and Orwell Abstract: Abstract: The author disagrees with Homer Simpson who claims that" … cartoons don't have any deep meaning. They're just stupid drawings that give you a cheap laugh." He argues that The Simpsons have a deep meaning in the same way as the works of Jonathan Swift and George Orwell. The message in The Simpsons, Swift, and Orwell is that those in charge do not always undertake action with the public interest in mind—the basic premise of public choice. All three sources provide examples of other public choice themes, and they deliver their message through popular satire with layers of allusion. Journal: The Journal of Economic Education Pages: 217-228 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.217-228 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.217-228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:217-228 Template-Type: ReDIF-Article 1.0 Author-Name: Zenon X. Zygmont Author-X-Name-First: Zenon X. Author-X-Name-Last: Zygmont Title: Debating the Socialist Calculation Debate: A Classroom Exercise Abstract: Abstract: The author describes a classroom exercise that introduces the Socialist Calculation Debate (SCD) to undergraduate economics students. The SCD concerns an issue that remains one of the most consequential of the 20th century— the belief in the superiority of socialism and central planning over capitalism and the free market. The exercise presents the SCD in an active learning atmosphere by requiring the students to read, interpret, and discuss the writings of three notable participants in the debate—Ludwig von Mises, Oskar Lange, and Friedrich Hayek. He discusses the format and objectives of the exercise, required and optional readings, and current relevance of the SCD. Journal: The Journal of Economic Education Pages: 229-235 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.229-235 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.229-235 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:229-235 Template-Type: ReDIF-Article 1.0 Author-Name: David K. Round Author-X-Name-First: David K. Author-X-Name-Last: Round Author-Name: Ron P. Mclver Author-X-Name-First: Ron P. Author-X-Name-Last: Mclver Title: Teaching Third-Degree Price Discrimination Abstract: Abstract: Third-degree price discrimination is taught in almost every intermediate microeconomics class. The theory, geometry, and the algebra behind the concept are simple, and the phenomenon is commonly associated with the sale of many of the goods and services used frequently by students. Classroom discussion is usually vibrant as students can relate their experiences of being on the receiving end of third-degree price discrimination, usually to their advantage. However, the precision of the language used in the exposition of the theory in textbooks is generally less precise than one would hope for, leading students to confuse slope and elasticity. The authors ask textbook writers to provide greater precision in their explanation of why differing elasticities are associated with the prices paid by two (or more) distinct groups of buyers facing third-degree price discrimination. Journal: The Journal of Economic Education Pages: 236-243 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.236-243 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.236-243 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:236-243 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Nieswiadomy Author-X-Name-First: Michael Author-X-Name-Last: Nieswiadomy Title: LSAT Scores of Economics Majors: The 2003-2004 Class Update Abstract: Abstract: Using 1994-1995 data, Nieswiadomy (1998) found that economics majors scored well on the Law School Admissions Test. These results are frequently posted on university Web sites by economics departments. However, because the results are nearly 10 years old, it may be interesting to determine if economics majors still perform as well. The author, using current data for the 2003-2004 class of students entering law school, finds that economics majors still performed at or near the top of all majors taking the test. Economics majors rank first (156.6) of the 12 largest disciplines (those with more than 2,200 students entering law school). Economics ranks third behind physics/math (158.9) and philosophy/religion (157.4) in a set of 29 discipline groupings that are created to yield at least 700 students with similar majors. Journal: The Journal of Economic Education Pages: 244-247 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.244-247 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.244-247 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:244-247 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Sri Harsha Kolar Author-X-Name-First: Sri Harsha Author-X-Name-Last: Kolar Author-Name: Pavan Karnam Author-X-Name-First: Pavan Author-X-Name-Last: Karnam Title: Profit Maximization (Short Run) for Single-Price Searchers—Flash Animation Journal: The Journal of Economic Education Pages: 248-248 Issue: 2 Volume: 37 Year: 2006 Month: 4 X-DOI: 10.3200/JECE.37.2.248-248 File-URL: http://hdl.handle.net/10.3200/JECE.37.2.248-248 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:248-248 Template-Type: ReDIF-Article 1.0 Author-Name: Luca Stanca Author-X-Name-First: Luca Author-X-Name-Last: Stanca Title: The Effects of Attendance on Academic Performance: Panel Data Evidence for Introductory Microeconomics Abstract: Abstract: The author presents new evidence on the effects of attendance on academic performance. He used a large panel data set for introductory microeconomics students to explicitly take into account the effect of unobservable factors correlated with attendance, such as ability, effort, and motivation. He found that neither proxy variables nor instrumental variables provide a solution to the omitted variable bias. Panel estimators indicate that attendance has a smaller but significant impact on performance. Lecture and classes have a similar effect on performance individually, although their impact cannot be identified separately. Overall, the results indicate that, after controlling for unobservable student characteristics, attendance has a statistically significant and quantitatively relevant effect on student learning. Journal: The Journal of Economic Education Pages: 251-266 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.251-266 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.251-266 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:251-266 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Dickie Author-X-Name-First: Mark Author-X-Name-Last: Dickie Title: Do Classroom Experiments Increase Learning in Introductory Microeconomics? Abstract: Abstract: Interest in using classroom experiments to teach economics is increasing whereas empirical evidence on how experiments affect learning is limited and mixed. The author used a pretest-posttest control-group design to test whether classroom experiments and grade incentives that reward performance in experiments affect learning of introductory microeconomics. The author measured the partial effects of experiments independently of instructor quality and teaching methods using Test of Understanding in College Economics scores. Experiments without incentives are associated with higher posttest scores and greater improvement over pretest scores, but grade incentives may offset benefits of experiments. Controlling for student aptitude and other characteristics, limiting influence of potential outliers, or adjusting for potential selection bias from incomplete observation of test scores does not alter the conclusion that experiments increase learning whereas grade incentives do not. Journal: The Journal of Economic Education Pages: 267-288 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.267-288 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.267-288 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:267-288 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Dixon Author-X-Name-First: Robert Author-X-Name-Last: Dixon Author-Name: William Griffiths Author-X-Name-First: William Author-X-Name-Last: Griffiths Title: Survival on the Titanic: Illustrating Wald and Lagrange Multiplier Tests for Proportions and Logits Abstract: Abstract: Students are interested in lecture examples and class exercises involving data connected to the maiden voyage and the sinking of the liner Titanic. Information on the passengers and their fate can be used to explore relationships between various tests for differences in survival rates between different groups of passengers. Among the concepts the authors examined are tests for differences of proportions using a normal distribution, a chi-square test for independence, a test for the equality of two logits, and a test for the significance of the coefficient of a binary variable in logit model. The authors examined the relationship between Wald and Lagrange Multiplier test statistics and give two related examples. Journal: The Journal of Economic Education Pages: 289-304 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.289-304 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.289-304 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:289-304 Template-Type: ReDIF-Article 1.0 Author-Name: Virtudes Alba-Fernández Author-X-Name-First: Virtudes Author-X-Name-Last: Alba-Fernández Author-Name: Pablo Brañas-Garza Author-X-Name-First: Pablo Author-X-Name-Last: Brañas-Garza Author-Name: Francisca Jiménez-Jiménez Author-X-Name-First: Francisca Author-X-Name-Last: Jiménez-Jiménez Author-Name: Javier Rodero-Cosano Author-X-Name-First: Javier Author-X-Name-Last: Rodero-Cosano Title: Teaching Nash Equilibrium and Dominance: A Classroom Experiment on the Beauty Contest Abstract: Abstract: The authors' aim in this article was to show how the use of classroom experiments may be a good pedagogical tool to teach the Nash equilibrium (NE) concept. The basic game is a version of the beauty contest game (BCG), a simple guessing game in which repetition lets students react to other players' choices and converge iteratively to the equilibrium solution. The authors perform this experiment with undergraduate students with no previous training in game theory. After four rounds, they observe a clear decreasing tendency in the average submitted number in all groups. Thus, the findings show that by playing a repeated BCG, students quickly learn how to reach the NE solution. Journal: The Journal of Economic Education Pages: 305-322 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.305-322 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.305-322 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:305-322 Template-Type: ReDIF-Article 1.0 Author-Name: Brian Kent Strow Author-X-Name-First: Brian Kent Author-X-Name-Last: Strow Author-Name: Claudia Wood Strow Author-X-Name-First: Claudia Wood Author-X-Name-Last: Strow Title: A Rent-Seeking Experiment for the Classroom Abstract: Abstract: Recent research has demonstrated that active learning techniques improve student comprehension and retention of abstract economic ideas such as rent seeking. Instructors can reinforce the concept of rent seeking with a classroom game, particularly one involving real money. The authors improve upon a game first introduced by Goeree and Holt (1999) and later expanded upon by Bischoff and Hofmann (2002). The authors present a version of the game in which students participate in an all-pay auction, risking their own money, and discover first hand the potential inefficiencies of rent seeking. The authors suggest extensions of the rent-seeking game, including discussions of social welfare effects, equity, campaign finance reform, tax simplification, and congressional reforms designed to limit the influence of rent seeking in the economy. Journal: The Journal of Economic Education Pages: 323-330 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.323-330 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.323-330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:323-330 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Pecorino Author-X-Name-First: Paul Author-X-Name-Last: Pecorino Title: Rent Seeking: A Textbook Example Abstract: Abstract: The author argues that the college textbook market provides a clear example of monopoly seeking as described by Tullock (1967, 1980). This behavior is also known as rent seeking. Because this market is important to students, this example of rent seeking will be of particular interest to them. Journal: The Journal of Economic Education Pages: 331-339 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.331-339 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.331-339 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:331-339 Template-Type: ReDIF-Article 1.0 Author-Name: Frank G. Steindl Author-X-Name-First: Frank G. Author-X-Name-Last: Steindl Title: A Graphical Exposition of the Inconsistency of Optimal Monetary Plans Abstract: Abstract: The author presents a geometrical framework in which the inability of discretionary policy (consistent policy in the sense of Kydland and Prescott) to be socially optimal is demonstrated. Policy based on a rule results in a higher level of utility. The author extends the model to demonstrate that policy of a Rogoff conservative central banker results in approaching the same equilibrium as that from a monetary rule. Finally, the framework shows that attempts to exploit the Phillips curve result in stagflation. Journal: The Journal of Economic Education Pages: 340-347 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.340-347 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.340-347 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:340-347 Template-Type: ReDIF-Article 1.0 Author-Name: Dale B. Truett Author-X-Name-First: Dale B. Author-X-Name-Last: Truett Author-Name: Lila J. Truett Author-X-Name-First: Lila J. Author-X-Name-Last: Truett Title: Production Function Geometry With "Knightian" Total Product Abstract: Abstract: Authors of principles and price theory textbooks generally illustrate short-run production using a total product curve that displays first increasing and then diminishing marginal returns to employment of the variable input(s). Although it seems reasonable that a temporary range of increasing returns to variable inputs will likely occur as variable inputs are added to a set of fixed ones. This proposition implies an isoquant diagram that is not a familiar one in text-books. The authors examine a linearly homogeneous production function conforming to the textbook case and construct its isoquant diagram. They then use a geometrical proof attributable to Geoffrey Jehle (2002) to demonstrate that, in general, isoquants must have, outside the traditional ridge lines, a range where they are convex toward those (MP = 0) ridge lines and another range where they are concave toward them if there are short-run increasing, then diminishing, marginal returns. The authors suggest how this issue might be presented to students. Journal: The Journal of Economic Education Pages: 348-358 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.348-358 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.348-358 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:348-358 Template-Type: ReDIF-Article 1.0 Author-Name: Debra A. Barbezat Author-X-Name-First: Debra A. Author-X-Name-Last: Barbezat Title: Gender Differences in Research Patterns Among PhD Economists Abstract: This study is based on a 1996 survey of PhD economists working in the academic and nonacademic sectors since 1989. Despite a raw gender difference in all types of research output, the male dummy variable proves statistically significant in predicting only one publication measure. In a full sample and faculty subsample, number of years since receipt of PhD, publication in a refereed journal as a graduate student, and the total number of presentations made in professional forums were consistently, positively related to research productivity. The importance of other independent variables varies by research output. Typically unavailable variables such as workload, time use, submissions data, and family circumstances are also examined. Journal: The Journal of Economic Education Pages: 359-375 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.359-375 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.359-375 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:359-375 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991-2005 Journal: The Journal of Economic Education Pages: 376-381 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.376-381 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.376-381 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:376-381 Template-Type: ReDIF-Article 1.0 Author-Name: Arthur J. Caplan Author-X-Name-First: Arthur J. Author-X-Name-Last: Caplan Author-Name: Yuya Sasaki Author-X-Name-First: Yuya Author-X-Name-Last: Sasaki Title: Interactive Geometry for Surplus Sharing in Cooperative Games Journal: The Journal of Economic Education Pages: 382-382 Issue: 3 Volume: 37 Year: 2006 Month: 7 X-DOI: 10.3200/JECE.37.3.382-382 File-URL: http://hdl.handle.net/10.3200/JECE.37.3.382-382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:3:p:382-382 Template-Type: ReDIF-Article 1.0 Author-Name: Kurtis J. Swope Author-X-Name-First: Kurtis J. Author-X-Name-Last: Swope Author-Name: Pamela M. Schmitt Author-X-Name-First: Pamela M. Author-X-Name-Last: Schmitt Title: The Performance of Economics Graduates over the Entire Curriculum: The Determinants of Success Abstract: Most studies of the determinants of understanding in economics focus on performance in a single course or standardized exam. Taking advantage of a large data set available at the U.S. Naval Academy (USNA), the authors examined the performance of economics majors over an entire curriculum. They found that gender was not a significant predictor of grade point average in economics courses, but grades of male minority students were lower than their counterparts'. The USNA dataset also provides information on Scholastic Aptitude Test scores and personality variables, allowing exploration of their influence on performance. Students characterized as "judging types" (described as decisive, organized, and self-regimented) generally performed better than did students characterized as "perceiving types" (described as curious, adaptable, and spontaneous). Journal: The Journal of Economic Education Pages: 387-394 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.387-394 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.387-394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:387-394 Template-Type: ReDIF-Article 1.0 Author-Name: Robert C. Dolan Author-X-Name-First: Robert C. Author-X-Name-Last: Dolan Author-Name: Jerry L. Stevens Author-X-Name-First: Jerry L. Author-X-Name-Last: Stevens Title: Business Conditions and Economic Analysis: An Experiential Learning Program for Economics Students Abstract: The authors describe the Business Conditions and Economic Analysis (BCEA) program developed at the University of Richmond. The BCEA program is an experiential learning format for economics students built on the success of student-managed investment funds (SMIF) in finance. In its initial implementation, the BCEA group conducts domestic and global macroeconomic analysis and industry studies to support the portfolio decisions of student fund managers. At a more mature stage, the BCEA program includes a Web-based publication for disseminating macroeconomic forecasts and special-topic articles written by BCEA and SMIF students. Generally, the BCEA program is a curricular extension for economics students seeking higher levels of rigor in their course work, academic distinction in economics, and refinement of competencies for careers in financial economics. Journal: The Journal of Economic Education Pages: 395-405 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.395-405 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.395-405 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:395-405 Template-Type: ReDIF-Article 1.0 Author-Name: Robert L. Sexton Author-X-Name-First: Robert L. Author-X-Name-Last: Sexton Title: Using Short Movie and Television Clips in the Economics Principles Class Abstract: Abstract: The author describes a teaching method that uses powerful contemporary media, movie and television clips, to demonstrate the enormous breadth and depth of economic concepts. Many different movie and television clips can be used to show the power of economic analysis. The author describes the scenes and the economic concepts within those scenes for a number of movies. Journal: The Journal of Economic Education Pages: 406-417 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.406-417 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.406-417 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:406-417 Template-Type: ReDIF-Article 1.0 Author-Name: Simon Gächter Author-X-Name-First: Simon Author-X-Name-Last: Gächter Author-Name: Christian Thöni Author-X-Name-First: Christian Author-X-Name-Last: Thöni Author-Name: Jean-Robert Tyran Author-X-Name-First: Jean-Robert Author-X-Name-Last: Tyran Title: Cournot Competition and Hit-and-Run Entry and Exit in a Teaching Experiment Abstract: Instructors can use a computerized experiment to introduce students to imperfect competition in courses on introductory economics, industrial organization, game theory, and strategy and management. In addition to introducing students to strategic thinking in general, the experiment serves to demonstrate that profits of a firm fall as the number of competitors is increased in a market and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy and management as well as in master of business administration courses with great success. Journal: The Journal of Economic Education Pages: 418-430 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.418-430 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.418-430 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:418-430 Template-Type: ReDIF-Article 1.0 Author-Name: Niven Winchester Author-X-Name-First: Niven Author-X-Name-Last: Winchester Title: A Classroom Tariff-Setting Game Abstract: The author outlines a classroom tariff-setting game that allows students to explore the consequences of import tariffs imposed by large countries (countries able to influence world prices). Groups of students represent countries, which are organized into trading pairs. Each group's objective is to maximize welfare by choosing an appropriate ad valorem tariff that may be changed intermittently throughout the game. The game is built on a computable general-equilibrium model, which allows each nation's utility and terms of trade under alternative tariff regimes to be expressed quantitatively. The exercise encourages students to consider terms-of-trade improvements and efficiency losses resulting from large-country tariffs and provides a framework to discuss the Nash equilibrium of a tariff war. The game is a useful supplement to traditional teaching methods. Journal: The Journal of Economic Education Pages: 431-441 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.431-441 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.431-441 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:431-441 Template-Type: ReDIF-Article 1.0 Author-Name: Charles H. Anderton Author-X-Name-First: Charles H. Author-X-Name-Last: Anderton Author-Name: John R. Carter Author-X-Name-First: John R. Author-X-Name-Last: Carter Title: Applying Intermediate Microeconomics to Terrorism Abstract: The authors show how microeconomic concepts and principles are applicable to the study of terrorism. The utility maximization model provides insights into both terrorist resource allocation choices and government counterterrorism efforts, and basic game theory helps characterize the strategic interdependencies among terrorists and governments. Journal: The Journal of Economic Education Pages: 442-458 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.442-458 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.442-458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:442-458 Template-Type: ReDIF-Article 1.0 Author-Name: Craig Brett Author-X-Name-First: Craig Author-X-Name-Last: Brett Title: Some Marginalist Intuition Concerning the Optimal Commodity Tax Problem Abstract: The author offers a simple intuition that can be exploited to derive and to help interpret some canonical results in the theory of optimal commodity taxation. He develops and explores the principle that the marginal social welfare loss per last unit of tax revenue generated be equalized across tax instruments. A simple two-consumer, two-taxed-commodity economy is used to explore how this intuition can be used to derive the famous inverse elasticity rule, as well as the modifications and extensions needed to account for the redistributive effects of commodity taxes. Journal: The Journal of Economic Education Pages: 459-469 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.459-469 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.459-469 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:459-469 Template-Type: ReDIF-Article 1.0 Author-Name: James P. McCoy Author-X-Name-First: James P. Author-X-Name-Last: McCoy Author-Name: Martin I. Milkman Author-X-Name-First: Martin I. Author-X-Name-Last: Milkman Title: Evolution of the Masters in Economics Abstract: In this article, the authors update their previous study of terminal master's degree in economics programs to determine whether changes in the characteristics and students or the desired outcomes of master's programs have occurred during the decade between the two studies. The authors find that there are now fewer programs and on average, there has been a reduction in rigor in terms of degree requirements. They also find some evidence for increased diversity of faculty in these programs. The average number of students in programs remained about the same over the decade, but the average number of faculty serving these students decreased. While some differences are found, overall the authors conclude that master's in economics programs have not dramatically changed over the past 10 years. Journal: The Journal of Economic Education Pages: 470-476 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.470-476 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.470-476 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:470-476 Template-Type: ReDIF-Article 1.0 Author-Name: Donald H. Dutkowsky Author-X-Name-First: Donald H. Author-X-Name-Last: Dutkowsky Author-Name: Jerry M. Evensky Author-X-Name-First: Jerry M. Author-X-Name-Last: Evensky Author-Name: Gerald S. Edmonds Author-X-Name-First: Gerald S. Author-X-Name-Last: Edmonds Title: Teaching College Economics in the High Schools: The Role of Concurrent Enrollment Programs Abstract: The authors examine concurrent enrollment programs (CEP) as an effective means of teaching college economics in high school. They describe the establishment of the National Alliance of Concurrent Enrollment Partnerships to set national standards for CEP. They also investigate the performance of high school students taking the Syracuse University one-semester micro/macro principles of economics course through its CEP, Project Advance, on the Test of Economic Literacy. CEP students average nearly 1 percentage point higher than do the advanced placement/honors economics group and score considerably better in fundamentals and international economics. By cognitive levels, CEP students score over 4 percentage points in the knowledge area and exhibit better performance on application questions. Journal: The Journal of Economic Education Pages: 477-482 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.477-482 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.477-482 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:477-482 Template-Type: ReDIF-Article 1.0 Author-Name: Tod S. Porter Author-X-Name-First: Tod S. Author-X-Name-Last: Porter Author-Name: Kriss Schueller Author-X-Name-First: Kriss Author-X-Name-Last: Schueller Author-Name: Teresa Riley Author-X-Name-First: Teresa Author-X-Name-Last: Riley Author-Name: Rochelle Ruffer Author-X-Name-First: Rochelle Author-X-Name-Last: Ruffer Author-Name: Ebenge Usip Author-X-Name-First: Ebenge Author-X-Name-Last: Usip Title: MarketSim: A Simulated Economy for Microeconomics Abstract: MarketSim helps students understand microeconomic theory. They take the roles of consumers and producers in a simulated economy. Exchanges are made by posting and accepting offers at terms they choose. In the "Simultaneous Play" version, students must participate in a game at the same time. The simulations, designed for principles classes, can be used in intermediate theory. Journal: The Journal of Economic Education Pages: 483-483 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.483-483 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.483-483 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:483-483 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Sri Harsha Kolar Author-X-Name-First: Sri Harsha Author-X-Name-Last: Kolar Author-Name: Pavan R. Karnam Author-X-Name-First: Pavan R. Author-X-Name-Last: Karnam Title: Profit Versus Efficiency Maximization (Single vs. Discriminating Pricing)—Flash Animation Journal: The Journal of Economic Education Pages: 484-484 Issue: 4 Volume: 37 Year: 2006 Month: 10 X-DOI: 10.3200/JECE.37.4.484-484 File-URL: http://hdl.handle.net/10.3200/JECE.37.4.484-484 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:484-484 Template-Type: ReDIF-Article 1.0 Author-Name: Yun-kwong Kwok Author-X-Name-First: Yun-kwong Author-X-Name-Last: Kwok Title: To Save or to Consume: Linking Growth Theory with the Keynesian Model Abstract: In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession. Students may ask, "Should we save or should we consume?" In most of the macroeconomics textbooks, economic growth and Keynesian economics are in separate, sometimes unsequential, chapters. The connection between the short run and the long run is not apparent. The author builds a bridge between the neoclassical growth theory and the Keynesian model. He links the Solow diagram and the IS-LM curves and depicts the short-run to long-run transition of the economy after changes in saving and other macroeconomic policies. Journal: The Journal of Economic Education Pages: 109-123 Issue: 1 Volume: 38 Year: 2007 Month: 1 X-DOI: 10.3200/JECE.38.1.109-123 File-URL: http://hdl.handle.net/10.3200/JECE.38.1.109-123 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:1:p:109-123 Template-Type: ReDIF-Article 1.0 Author-Name: Tomas Dvorak Author-X-Name-First: Tomas Author-X-Name-Last: Dvorak Title: An Annotated Sample Paper in Econometrics Journal: The Journal of Economic Education Pages: 124-124 Issue: 1 Volume: 38 Year: 2007 Month: 1 X-DOI: 10.3200/JECE.38.1.124 File-URL: http://hdl.handle.net/10.3200/JECE.38.1.124 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:1:p:124-124 Template-Type: ReDIF-Article 1.0 Author-Name: Clifford Nowell Author-X-Name-First: Clifford Author-X-Name-Last: Nowell Author-Name: Richard M. Alston Author-X-Name-First: Richard M. Author-X-Name-Last: Alston Title: I Thought I Got an A! Overconfidence Across the Economics Curriculum Abstract: Students often exhibit overconfident grade expectations and tend to overestimate the actual course grade at the completion of a course. Current theories of student motivation suggest such overconfidence may lead students to study less than if they had accurate grade perceptions. The authors report the findings of a survey of students enrolled in economics and quantitative courses at a large public university. They analyze the difference between a student's expected and actual grade and how teacher pedagogies can influence student overconfidence. They find male students and those with lower GPAs exhibit greater overconfidence. Students in lower division classes have a greater tendency to be overconfident than do those in upper division classes. The findings also indicate that grading practices influence overconfidence. Journal: The Journal of Economic Education Pages: 131-142 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.131-142 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.131-142 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:131-142 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Hawtrey Author-X-Name-First: Kim Author-X-Name-Last: Hawtrey Title: Using Experiential Learning Techniques Abstract: The author advocates the application of experiential learning in economics courses at the tertiary level. The author evaluates a range of learning methods, both passive and active, in a student survey that provides data on under-graduate attitudes to various class activities. The results indicate a clear student preference for learning activities in economics that can be described as experiential. Analysis of reported student preferences also detects differences according to gender and day or evening class attendance. Journal: The Journal of Economic Education Pages: 143-152 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.143-152 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.143-152 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:143-152 Template-Type: ReDIF-Article 1.0 Author-Name: James Sawler Author-X-Name-First: James Author-X-Name-Last: Sawler Title: A Classroom Demonstration for Teaching Network Effects Abstract: The introduction of the concept of network effects is useful at the principles level to facilitate discussions of the determinants of monopoly, the need for standards in high-tech industries, and the general complexity of real-world competition. The author describes a demonstration and an extension that help students understand how consumers make choices in markets where network effects are prominent and how these choices affect market outcomes. He then provides an outline for a classroom discussion of the results. Journal: The Journal of Economic Education Pages: 153-159 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.153-159 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.153-159 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:153-159 Template-Type: ReDIF-Article 1.0 Author-Name: Bryan C. McCannon Author-X-Name-First: Bryan C. Author-X-Name-Last: McCannon Title: Using Game Theory and the Bible to Build Critical Thinking Skills Abstract: The author describes a course designed to build the critical thinking skills of undergraduate economics students. The course introduces and uses game theory to study the Bible. Students gain experience using game theory to formalize events and, by drawing parallels between the Bible and common economic concepts, illustrate the pervasiveness of game-theoretic reasoning across topics within economics as well as various fields of study. Journal: The Journal of Economic Education Pages: 160-164 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.160-164 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.160-164 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:160-164 Template-Type: ReDIF-Article 1.0 Author-Name: Joachim Zietz Author-X-Name-First: Joachim Author-X-Name-Last: Zietz Title: Dynamic Programming: An Introduction by Example Abstract: The author introduces some basic dynamic programming techniques, using examples, with the help of the computer algebra system Maple. The emphasis is on building confidence and intuition for the solution of dynamic problems in economics. To integrate the material better, the same examples are used to introduce different techniques. One covers the optimal extraction of a natural resource, another uses consumer utility maximization, and the final example solves a simple real business cycle model. Every example is accompanied by Maple computer code to allow for replication. Journal: The Journal of Economic Education Pages: 165-186 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.165-186 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.165-186 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:165-186 Template-Type: ReDIF-Article 1.0 Author-Name: Sheldon H. Stein Author-X-Name-First: Sheldon H. Author-X-Name-Last: Stein Title: A Beginner's Guide to the Solow Model Abstract: The Solow model is widely regarded as the workhorse model of the theory of economic growth. Although at one point this model was first encountered in graduate school, it has since filtered down to the intermediate and, occasionally, to the principles of macroeconomics course. Many have commented on how difficult it is to teach the Solow model to undergraduates, especially to students in the principles of macroeconomics course. The author demonstrates that under the assumption that the level of savings is autonomous, the essence of the stockflow adjustment of the Solow model becomes much easier to comprehend. Journal: The Journal of Economic Education Pages: 187-193 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.187-193 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.187-193 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:187-193 Template-Type: ReDIF-Article 1.0 Author-Name: Sau-Him Paul Lau Author-X-Name-First: Sau-Him Paul Author-X-Name-Last: Lau Author-Name: Philip Hoi-Tak Ng Author-X-Name-First: Philip Hoi-Tak Author-X-Name-Last: Ng Title: Loglinear Approximate Solutions to Real-Business-Cycle Models: Some Observations Abstract: Following the analytical approach suggested in Campbell, the authors consider a baseline real-business-cycle (RBC) model with endogenous labor supply. They observe that the coefficients in the loglinear approximation of the dynamic equations characterizing the equilibrium are related to the fundamental parameters in a relatively simple manner. These equations can be used to obtain the closed-form approximate solution with ease and to demonstrate the properties (uniqueness) of the solution with clarity. Furthermore, comparative static results can be confirmed analytically (by straightforward differentiation). Most of these conclusions can be generalized to more complicated RBC models. Journal: The Journal of Economic Education Pages: 194-204 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.194-207 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.194-207 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:194-204 Template-Type: ReDIF-Article 1.0 Author-Name: Frederic L. Pryor Author-X-Name-First: Frederic L. Author-X-Name-Last: Pryor Title: Immiserizing Growth as Seen by Bhagwati, Samuelson, and Others Abstract: Immiserizing growth is a long-term phenomenon that occurs when the gain in a country's social welfare arising from economic growth is more than offset by the loss in such welfare associated with an adverse shift in the terms of trade. In one case explored many years ago by Jagdish Bhagwati, immiserizing growth occurs in a developing nation that has started economic growth but faces unfavorable international demand conditions as it increases its traditional exports. In another case explored recently by Paul A. Samuelson, immiserizing growth occurs for the growing industrialized country when its trade partner follows a policy of import substituting growth and, as a result, shifts the terms of trade against the exporting country. Still others have specified a variety of different cases of immiserizing growth. The author provides a simple graphical method to analyze these situations and then presents data showing that immiserizing growth is a relatively rare phenomenon. Journal: The Journal of Economic Education Pages: 208-214 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.208-214 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.208-214 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:208-214 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis L. Weisman Author-X-Name-First: Dennis L. Author-X-Name-Last: Weisman Title: An Instructional Exercise in Cost-Raising Strategies, and Perfect Complements Production Abstract: The author presents an account of the 1993 contract negotiations between the United Auto Workers (UAW) and Ford Motor Company to assist students in developing facility with perfect complements production and cost functions and cost-raising strategies. The author seeks an answer to why the UAW targeted Ford for contract negotiations to establish a benchmark for subsequent negotiations with Chrysler and General Motors. Contrary to assertions of the popular business press that "Ford drew the short straw" in being the first of the "Big Three" automakers to negotiate with the UAW, the author believes it is not implausible that this arrangement served the economic interests of both Ford and the UAW. The UAW targeted Ford because it was more likely to go along with a liberal wage and benefits package given its investment in robotics. In turn, Ford was able to raise, albeit indirectly, its rivals' costs. Journal: The Journal of Economic Education Pages: 215-221 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.215-221 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.215-221 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:215-221 Template-Type: ReDIF-Article 1.0 Author-Name: R. A. Somerville Author-X-Name-First: R. A. Author-X-Name-Last: Somerville Title: Differentiable Technology, the Curvature of the Profit Function, and the Response of Supply to Own-Price Changes Abstract: The author establishes a property of supply for a competitive firm: Assuming differentiability of the production frontier, linearly independent price vectors have disjoint image sets under the supply mapping. This property supports the main results. First, the author drew a simple proof of McFadden's proposition that differentiability of the production frontier is necessary and sufficient for strict quasiconvexity of the profit function. This proposition rules out linearity of the profit function on any subset of price domain, in turn ruling out supply and input- demand functions that are constant and have zero values for all price effects. Second, for discrete price changes, own-price effects in supply are strictly positive, assuming a differentiable technology. In this context, strict convexity of the production set is irrelevant. The author indicates implications for cost and demand theory. Journal: The Journal of Economic Education Pages: 222-228 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.22-228 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.22-228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:222-228 Template-Type: ReDIF-Article 1.0 Author-Name: Frode Brevik Author-X-Name-First: Frode Author-X-Name-Last: Brevik Author-Name: Manfred Gärtner Author-X-Name-First: Manfred Author-X-Name-Last: Gärtner Title: Teaching Real Business Cycles to Undergraduates Abstract: The authors review the graphical approach to teaching the real business cycle model introduced in Barro. They then look at where this approach cuts corners and suggest refinements. Finally, they compare graphical and exact models by means of impulse-response functions. The graphical models yield reliable qualitative results. Sizable quantitative differences exist, but these can partly be remedied by adding appropriate refinements when taught by experienced instructors. The graphical analysis of the real business cycle equips students with a first understanding of the economy's supply side and generates dynamics that will survive closer scrutiny later in the curriculum. Journal: The Journal of Economic Education Pages: 229-247 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.229-247 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.229-247 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:229-247 Template-Type: ReDIF-Article 1.0 Author-Name: David K. Round Author-X-Name-First: David K. Author-X-Name-Last: Round Title: Doing a Monty: Who Opened the Door to This Game for Economists? Abstract: The Monty Hall three-door, "Let's Make a Deal" game, named after the 1970s television show, is used widely in economics, econometrics, statistics, and game-theory-based teaching, as well as in many other disciplines. Its solutions and underlying assumptions arouse great passion and argument, in both the academic and popular press. Most economists believe that the first popular elucidation of the game was presented by Nalebuff in the Journal of Economic Literature. However, the game and its controversial solution were spelled out in The American Statistician years earlier by Selvin, at the time a young biostatistician at the University of California at Berkeley. Mathematicians give him due credit. The author argues that economists should also recognise his contribution. Journal: The Journal of Economic Education Pages: 248-252 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.248-252 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.248-252 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:248-252 Template-Type: ReDIF-Article 1.0 Author-Name: Sarah Jennings Author-X-Name-First: Sarah Author-X-Name-Last: Jennings Author-Name: Sophie Hibberd Author-X-Name-First: Sophie Author-X-Name-Last: Hibberd Author-Name: Kevin Lyall Author-X-Name-First: Kevin Author-X-Name-Last: Lyall Author-Name: Beverly Goldfarb Author-X-Name-First: Beverly Author-X-Name-Last: Goldfarb Title: Partial Equilibrium Analysis of a Customs Union Journal: The Journal of Economic Education Pages: 253-253 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.253 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.253 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:253-253 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca Weiner Author-X-Name-First: Rebecca Author-X-Name-Last: Weiner Title: Globalization101.org: A Free Web Site for Teaching About Globalization Journal: The Journal of Economic Education Pages: 254-254 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.254 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.254 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:254-254 Template-Type: ReDIF-Article 1.0 Author-Name: K. K. Fung Author-X-Name-First: K. K. Author-X-Name-Last: Fung Author-Name: Sri Harsha Kolar Author-X-Name-First: Sri Harsha Author-X-Name-Last: Kolar Author-Name: Pavan Karnam Author-X-Name-First: Pavan Author-X-Name-Last: Karnam Title: Regulating Natural Monopoly—Flash Animation Journal: The Journal of Economic Education Pages: 255-255 Issue: 2 Volume: 38 Year: 2007 Month: 4 X-DOI: 10.3200/JECE.38.2.255 File-URL: http://hdl.handle.net/10.3200/JECE.38.2.255 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:2:p:255-255 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Yamarik Author-X-Name-First: Steven Author-X-Name-Last: Yamarik Title: Does Cooperative Learning Improve Student Learning Outcomes? Abstract: What is the effect of small-group learning on student learning outcomes in economic instruction? In spring 2002 and fall 2004, the author applied cooperative learning to one section of intermediate macroeconomics and taught another section using a traditional lecture format. He identified and then tracked measures of student learning outcomes. Using multivariate regression analysis, he found that students taught by cooperative learning achieved greater academic performance in the form of higher exam scores. Journal: The Journal of Economic Education Pages: 259-277 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.259-277 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.259-277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:259-277 Template-Type: ReDIF-Article 1.0 Author-Name: Derek Pyne Author-X-Name-First: Derek Author-X-Name-Last: Pyne Title: Does the Choice of Introductory Microeconomics Textbook Matter? Abstract: The author examines the effects of different introductory microeconomics textbooks on student performance in subsequent economics courses (specifically, Intermediate Microeconomics I and Money and Banking). In some cases, the effects are significant and sizeable. There is also evidence of other variables affecting student performance in later courses, such as taking first-year microeconomics by distance, math background, effects of having taken other economics courses, and the time between introductory economics and later courses. Journal: The Journal of Economic Education Pages: 279-296 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.279-296 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.279-296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:279-296 Template-Type: ReDIF-Article 1.0 Author-Name: J. Patrick Meister Author-X-Name-First: J. Patrick Author-X-Name-Last: Meister Author-Name: Kyle J. Anderson Author-X-Name-First: Kyle J. Author-X-Name-Last: Anderson Title: A Classroom Auction With Externalities: Applied to Mergers and Acquisitions Abstract: The authors describe an in-class exercise in which students participate in an auction to buy US Airways. The exercise is based on events of late 1995, in which neither United nor American Airlines decided to bid for US Airways. Two teams of students participate in an English auction. Students learn that the equilibrium of the sequential game is that neither firm bid and, thereby, learn why US Airways did not sell at that time. In addition, two other teams participate in a sealed-bid auction, in which US Airways will sell in Nash equilibrium. Results typically have lined up with theoretical predictions. Journal: The Journal of Economic Education Pages: 297-307 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.297-307 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.297-307 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:297-307 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Griffin Smith Author-X-Name-First: Mark Griffin Author-X-Name-Last: Smith Title: Case Studies on Location: Taking to the Field in Economics Abstract: The author describes how to conceptualize and organize a successful, multi-day field trip organized around a case study problem. By doing so, the instructor exposes students to diverse perspectives and leads them through the process of policy analysis from collecting and organizing information to identifying the relevant economic concepts and applying them in a complex real-world setting. Journal: The Journal of Economic Education Pages: 308-317 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.308-317 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.308-317 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:308-317 Template-Type: ReDIF-Article 1.0 Author-Name: Ranjit S. Dighe Author-X-Name-First: Ranjit S. Author-X-Name-Last: Dighe Title: The Fable of the Allegory: The Wizard of Oz in Economics: Comment Abstract: Although recent research strongly suggests that L. Frank Baum did not write The Wonderful Wizard of Oz as a monetary or political allegory, the Populist-parable interpretation of his book remains a tremendous teaching tool in economics classes. The author offers some background on the rise and fall of the Populist interpretation, in recognition of students' natural curiosity about Baum's intentions. He also offers a classroom-ready version of the parable that synthesizes several different versions of that interpretation. Journal: The Journal of Economic Education Pages: 318-324 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.318-324 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.318-324 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:318-324 Template-Type: ReDIF-Article 1.0 Author-Name: Clifton T. Jones Author-X-Name-First: Clifton T. Author-X-Name-Last: Jones Author-Name: Mark A. Thompson Author-X-Name-First: Mark A. Author-X-Name-Last: Thompson Title: The Short-Run Expansion Path for the Firm Abstract: There is some confusion about the nature of the short-run expansion path (SREP) for the firm as presented in many intermediate microeconomics textbooks. The traditional view is that the SREP is a horizontal line because the firm is stuck with a fixed amount of capital. However, this view does not usually acknowledge that the firm could choose to idle some of its capital when seeking to reduce its output in the short run. The authors show that the traditional horizontal SREP is not invalidated when they explicitly allow for such capital reductions; in fact, it is the optimal path for the firm in the short run. Journal: The Journal of Economic Education Pages: 325-330 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.325-330 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.325-330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:325-330 Template-Type: ReDIF-Article 1.0 Author-Name: Marc D. Hayford Author-X-Name-First: Marc D. Author-X-Name-Last: Hayford Title: Using Supply, Demand, and the Cournot Model to Understand Corruption Abstract: The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and seems more common in developing countries, it is likely to be part of the explanation of the wide disparity of income between rich and poor countries. The model presented could be used in courses on microeconomics, economic growth, public finance, political economy, and economic development. Journal: The Journal of Economic Education Pages: 331-340 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.331-340 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.331-340 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:331-340 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan B. Wight Author-X-Name-First: Jonathan B. Author-X-Name-Last: Wight Title: The Treatment of Smith's Invisible Hand Abstract: Adam Smith used the metaphor of an invisible hand to represent the instincts of human nature that direct behavior. Moderated by self-control and guided by proper institutional incentives, actions grounded in instincts can be shown to generate a beneficial social order even if not intended. Smith's concept, however, has been diluted and distorted over time through extension and misuse. Common misperceptions are that Smith unconditionally endorsed laissez-faire markets, selfish individualism, and Pareto efficiency. The author draws upon recent literature to clarify Smith's meaning and to discuss ways of improving its classroom presentation. The author argues that the invisible hand operates within a variety of institutional settings and that a number of arrangements are compatible with economic progress. Journal: The Journal of Economic Education Pages: 341-358 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.341-358 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.341-358 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:341-358 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991-2006 Journal: The Journal of Economic Education Pages: 360-364 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.360-364 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.360-364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:360-364 Template-Type: ReDIF-Article 1.0 Author-Name: Michael P. Murray Author-X-Name-First: Michael P. Author-X-Name-Last: Murray Title: Book Review Journal: The Journal of Economic Education Pages: 365-367 Issue: 3 Volume: 38 Year: 2007 Month: 7 X-DOI: 10.3200/JECE.38.3.365-367 File-URL: http://hdl.handle.net/10.3200/JECE.38.3.365-367 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:365-367 Template-Type: ReDIF-Article 1.0 Author-Name: Nathan D. Grawe Author-X-Name-First: Nathan D. Author-X-Name-Last: Grawe Title: A Simulation of Counter-Cyclical Intervention: Some Practical Lessons Abstract: The author introduces a simulation of counter-cyclical interventions that highlights important issues surrounding the practice of government intervention. The simulation provides experiential insight as to why economists have long debated the degree of persistence exhibited by disequilibrating shocks and connects this debate to discussions about policy lags. In addition, the author explores the related issues such as unintended procyclical stimuli created by the political business cycle, the importance of central bank independence, the role of automatic stabilizers, and the value of forecasting. The simulation reminds students of the real-life complexities behind curve-shifting textbook problems and cautions that even optimal strategies may fail over short time horizons. Journal: The Journal of Economic Education Pages: 371-392 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.371-392 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.371-392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:371-392 Template-Type: ReDIF-Article 1.0 Author-Name: James R. Wolf Author-X-Name-First: James R. Author-X-Name-Last: Wolf Author-Name: Mark A. Myerscough Author-X-Name-First: Mark A. Author-X-Name-Last: Myerscough Title: Reputations in Markets With Asymmetric Information: A Classroom Game Abstract: The authors describe a classroom game used to teach students about the impact of reputations in markets with asymmetric information. The game is an extension of Holt and Sherman's lemons market game and simulates a market under three information conditions. In the full information setting, all participants know both the quality and the price of the items for sale. In the second setting, sellers have better quality information than buyers. In the third setting, sellers maintain their information advantage, but buyers may post feedback on the sellers' performance. The posted feedback generally increases buyer trust and disciplines sellers, resulting in higher levels of trade and higher average product quality. The game can be completed in one class period and includes discussion questions. Journal: The Journal of Economic Education Pages: 393-405 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.393-405 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.393-405 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:393-405 Template-Type: ReDIF-Article 1.0 Author-Name: Carsten Lange Author-X-Name-First: Carsten Author-X-Name-Last: Lange Author-Name: Amy L. Baylor Author-X-Name-First: Amy L. Author-X-Name-Last: Baylor Title: Teaching the Repeated Prisoner's Dilemma With a Computerized Tournament Abstract: The authors present a constructivist approach for teaching game theory, on the basis, in part, of Axelrod's research approach. Using the Axelrod tournament multi-user system (ATMUS) software, students create strategies for a repeated prisoner's dilemma (RPD). Later, these strategies are matched with those of their classmates' in a classroom tournament while the instructor interactively and graphically demonstrates the behavior of the strategies. A two- to three-week instructional implementation strategy is provided to highlight effective use of the ATMUS software, according to constructivist learning principles, to ensure that students are engaged in critical thinking regarding RPD. Journal: The Journal of Economic Education Pages: 407-418 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.407-418 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.407-418 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:407-418 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen B. DeLoach Author-X-Name-First: Stephen B. Author-X-Name-Last: DeLoach Author-Name: Steven A. Greenlaw Author-X-Name-First: Steven A. Author-X-Name-Last: Greenlaw Title: Effectively Moderating Electronic Discussions Abstract: Although instructors are increasingly using electronic discussions with both traditional and online classes, little has been written about how to best moderate these discussions. Moderating online discussions requires tremendous skill. As with in-class discussions, the primary goal of the moderator is to ensure that the discussion continually makes progress toward more advanced critical thinking. Because of this, moderator comments should be limited to helping students make the transitions associated with increasing cognitive complexity rather than leading them to predetermined answers. Building on the existing literature on both in-class and online discussions to teach critical thinking, the authors develop concrete strategies that can be used to make discussions more productive. Journal: The Journal of Economic Education Pages: 419-434 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.419-434 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.419-434 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:419-434 Template-Type: ReDIF-Article 1.0 Author-Name: Yuntong Wang Author-X-Name-First: Yuntong Author-X-Name-Last: Wang Title: The Long-Run Effect of a Tax-Rebate Program Abstract: In each period of a dynamic tax-rebate program, a (fixed) quantity tax is imposed on each unit of a given good, and the tax revenue is rebated back to the consumer in the next period. The program lasts for infinite number of periods. The author considers a representative consumer's dynamic consumption behavior, the long-run steady-state consumption, and the consumer's welfare. Under the standard continuity and strict convexity assumptions on the consumer's preferences, he shows that the tax strictly reduces the consumption of the good in each period as well as in the steady state, and the consumer is strictly worse off. He also provides numerical analysis when the consumer has the quasilinear or the Cobb-Douglas utility functions. Journal: The Journal of Economic Education Pages: 435-445 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.435-445 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.435-445 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:435-445 Template-Type: ReDIF-Article 1.0 Author-Name: T. Randolph Beard Author-X-Name-First: T. Randolph Author-X-Name-Last: Beard Author-Name: David L. Kaserman Author-X-Name-First: David L. Author-X-Name-Last: Kaserman Author-Name: John W. Mayo Author-X-Name-First: John W. Author-X-Name-Last: Mayo Title: A Graphical Approach to the Stiglerian Theory of Regulation Abstract: Although many authors have drawn on the basic insights of the early founders of the economic theory of regulation, the ability to cogently present the general form of the theory in a readily accessible graphical format has only recently emerged. Although providing a promising approach for illustrating and analyzing regulatory and deregulatory outcomes, the analysis presented to this point appears to require the derivation of several graphs. The result is that, although stemming from a single paradigmatic framework, the graphical approach fails to offer a single unified basis for illustrating the general economic theory of regulation. The authors seek to fill this lacuna by providing a simple yet powerful unifying graphical construct for presenting the myriad implications of that theory. Journal: The Journal of Economic Education Pages: 447-451 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.447-451 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.447-451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:447-451 Template-Type: ReDIF-Article 1.0 Author-Name: Christian E. Weber Author-X-Name-First: Christian E. Author-X-Name-Last: Weber Title: Gains From Trade for Nonmaterialists, Environmentalists, and the Overworked Abstract: The author proposes an alternative to the traditional definition of the gains from international trade and, hence, an alternative defense of free trade. Rather than showing that free trade allows a country to consume more of all final goods, the author's approach shows that free trade allows a country to consume the same basket of final goods that it would consume in autarchy but at a reduced cost measured in terms of foregone productive resources. Thus, free trade gives a country the option to maintain the same material standard of living that it would have enjoyed in autarchy while enjoying more leisure and using fewer natural resources in production. Journal: The Journal of Economic Education Pages: 452-460 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.452-460 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.452-460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:452-460 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Title: The Undergraduate Origins of PhD Economists Abstract: The authors document the types of undergraduate colleges and universities attended by those who earned a doctorate in economics from an American university from 1966 through 2003. They examine relationships between type of undergraduate institution and attrition and time-to-degree in PhD programs. The total number of new economics PhDs awarded to U.S. citizens has declined precipitously over the past 30 years. Concurrently, the number of new economics doctorates who hold undergraduate degrees from U.S. universities has fallen by half, from a high of about 800 in 1972 to about 400 in 2003. Among those who have earned undergraduate degrees from American institutions, the mix of schools attended by the doctorates has remained relatively stable, with about 55 percent of those who earn a PhD in economics each year holding their bachelor's degree from a university that offers a PhD in economics and a bit more than 10 percent holding a bachelors degree from a selective liberal arts college. Currently, 18 of the 25 American undergraduate institutions that send the largest percentage of their graduating classes on to earn a PhD in economics are liberal arts colleges. Graduates of liberal arts colleges also have shorter time-to-degree and higher verbal Graduate Record Exam (GRE) scores than other economics PhD students. Journal: The Journal of Economic Education Pages: 461-482 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.461-482 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.461-482 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:461-482 Template-Type: ReDIF-Article 1.0 Author-Name: J. Wilson Mixon Author-X-Name-First: J. Wilson Author-X-Name-Last: Mixon Author-Name: William D. Sockwell Author-X-Name-First: William D. Author-X-Name-Last: Sockwell Title: The Solow Growth Model Journal: The Journal of Economic Education Pages: 483-483 Issue: 4 Volume: 38 Year: 2007 Month: 9 X-DOI: 10.3200/JECE.38.4.483 File-URL: http://hdl.handle.net/10.3200/JECE.38.4.483 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:38:y:2007:i:4:p:483-483 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Buckles Author-X-Name-First: Stephen Author-X-Name-Last: Buckles Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: The National Assessment of Educational Progress in Economics: Test Framework, Content Specifications, and Results Abstract: A significant event for the advancement of economic education in the schools is the development of the National Assessment of Educational Progress (NAEP) in economics. For the first time, national data from a representative sample of students are available to measure the achievement of high school students in economics. The achievement results are reported overall, across three content areas, by cognitive levels, and for different subgroups of students. The results and data set are a valuable resource for evaluating the status of economic education in schools and for recommending needed changes. The authors review seven issues that had to be resolved in the preparation of this assessment to provide insights about this measure for potential users of the assessment results and data. They also provide a brief description of the results from the 2006 testing. Journal: The Journal of Economic Education Pages: 100-106 Issue: 1 Volume: 39 Year: 2008 Month: 1 X-DOI: 10.3200/JECE.39.1.100-106 File-URL: http://hdl.handle.net/10.3200/JECE.39.1.100-106 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:1:p:100-106 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Lawson Author-X-Name-First: Robert Author-X-Name-Last: Lawson Author-Name: Joshua Hall Author-X-Name-First: Joshua Author-X-Name-Last: Hall Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Title: From Abba to Zeppelin, Led: Using Music to Teach Economics Journal: The Journal of Economic Education Pages: 107-107 Issue: 1 Volume: 39 Year: 2008 Month: 1 X-DOI: 10.3200/JECE.39.1.107 File-URL: http://hdl.handle.net/10.3200/JECE.39.1.107 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:1:p:107-107 Template-Type: ReDIF-Article 1.0 Author-Name: Oskar R. Harmon Author-X-Name-First: Oskar R. Author-X-Name-Last: Harmon Author-Name: James Lambrinos Author-X-Name-First: James Author-X-Name-Last: Lambrinos Title: Are Online Exams an Invitation to Cheat? Abstract: In this study, the authors use data from two online courses in principles of economics to estimate a model that predicts exam scores from independent variables of student characteristics. In one course, the final exam was proctored, and in the other course, the final exam was not proctored. In both courses, the first three exams were unproctored. If no cheating took place, the authors expected the prediction model to have the same explanatory power for all exams, and, conversely, if cheating occurred in the unproctored exam, the explanatory power would be lower. Their findings are that both across and within class, variations in the R-squared statistic suggest that cheating was taking place when the exams were not proctored. Journal: The Journal of Economic Education Pages: 116-125 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.116-125 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.116-125 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:116-125 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas F. Cargill Author-X-Name-First: Thomas F. Author-X-Name-Last: Cargill Author-Name: Jennifer Jurosky Author-X-Name-First: Jennifer Author-X-Name-Last: Jurosky Author-Name: Jeanne Wendel Author-X-Name-First: Jeanne Author-X-Name-Last: Wendel Title: Implementing Economics Standards: A Pilot Transition Program Abstract: Most states have adopted high school economics standards, but implementation efforts face two hurdles: evidence indicates that five or six college-level economics courses are needed for high school economics teachers and that standalone high school economics classes are more effective than strategies that infuse economics into history or civics classes. The authors developed a pilot program to test whether solid results could be achieved by partial solutions to these problems. The pilot program focused on a self-contained, nine-week economics module that was included in a required one-year civics class. Teacher training was condensed, but the training included discussion of teaching strategies along with economics content, and the pilot-program teachers were funded to design the module themselves. Test scores for the pilot-program students increased significantly, indicating that this program is a viable transition strategy. Journal: The Journal of Economic Education Pages: 126-134 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.126-134 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.126-134 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:126-134 Template-Type: ReDIF-Article 1.0 Author-Name: Shane Sanders Author-X-Name-First: Shane Author-X-Name-Last: Sanders Author-Name: Dennis L. Weisman Author-X-Name-First: Dennis L. Author-X-Name-Last: Weisman Author-Name: Dong Li Author-X-Name-First: Dong Author-X-Name-Last: Li Title: Child Safety Seats on Commercial Airliners: A Demonstration of Cross-Price Elasticities Abstract: The cross-price elasticity concept can be difficult for microeconomics students to grasp. The authors provide a real-life application of cross-price elasticities in policymaking. After a debate that spanned more than a decade and included input from safety engineers, medical personnel, politicians, and economists, the Federal Aviation Administration (FAA) recently announced that it would not mandate the use of child safety seats on commercial airliners. The FAA's analysis revealed that if families were forced to purchase additional airline tickets, they might opt to drive rather than fly, and driving represents a far more dangerous mode of travel. Given the relatively high cross-price elasticity between automobile travel and air travel, the FAA concluded that the mandatory child safety seat policy failed to pass the cost-benefit test—the policy would lead to a net increase in the number of fatalities. The authors review the FAA's decision-making process and highlight the role of economic analysis in developing public policy. Journal: The Journal of Economic Education Pages: 135-144 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.135-144 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.135-144 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:135-144 Template-Type: ReDIF-Article 1.0 Author-Name: John Gilbert Author-X-Name-First: John Author-X-Name-Last: Gilbert Author-Name: Reza Oladi Author-X-Name-First: Reza Author-X-Name-Last: Oladi Title: A Geometric Comparison of the Transformation Loci with Specific and Mobile Capital Abstract: The authors show how the transformation loci in the specific factors model (capital specificity) and the Heckscher-Ohlin-Samuelson model (capital mobility) can be rigorously derived and easily compared by using geometric techniques on the basis of Savosnick geometry. The approach shows directly that the transformation locus with capital specificity has a greater degree of curvature than with capital mobility, given the same technology, and that the latter is an envelope of the former. It can also be used to show how incentives in the short run would lead to the long-run capital reallocation implied by the assumption of capital mobility. Journal: The Journal of Economic Education Pages: 145-152 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.145-152 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.145-152 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:145-152 Template-Type: ReDIF-Article 1.0 Author-Name: Arthur H. Goldsmith Author-X-Name-First: Arthur H. Author-X-Name-Last: Goldsmith Title: Rethinking the Relation between Government Spending and Economic Growth: A Composition Approach to Fiscal Policy Instruction for Principles Students Abstract: Standard introductory textbook authors assert that an increase in government spending expands aggregate demand in the short run but also raises the interest rate and, thus, crowds out private investment in the long run. Because the decrease in investment results in a smaller capital stock, potential output or production capacity decreases. The author challenges the standard assertion by dividing government spending into two components: public consumption and public investment. The short-run effects of an increase in government spending are the same for both components but the long-run effects are dramatically different. The author demonstrates the importance of the composition of public spending to long-run economic performance, using the conventional graphs found in the leading principles of economics textbooks. Journal: The Journal of Economic Education Pages: 153-173 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.153-173 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.153-173 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:153-173 Template-Type: ReDIF-Article 1.0 Author-Name: Alan B. Krueger Author-X-Name-First: Alan B. Author-X-Name-Last: Krueger Author-Name: Molly F. McIntosh Author-X-Name-First: Molly F. Author-X-Name-Last: McIntosh Title: Using a Web-Based Questionnaire as an Aide for High School Economics Instruction Abstract: The authors describe a new, Web-based survey instrument that may serve as an aide for teachers and as an interactive exercise for high school economics students. The questionnaire asks students about their involvement with the economy, inquiring about employment, consumption, and living standards, and includes a few hypothetical consumer-demand questions. Teachers can request an automated report on the basis of their classes' responses, containing comparisons with a national sample. The motivation for the survey is twofold. First, in addition to enhancing their understanding of their students' backgrounds and familiarity with the U.S. economy, teachers will receive suggestions on ways to use the survey responses to illustrate economic concepts. Second, with lesson plans grounded in students' own experiences, the authors hope that students will be more actively engaged in learning. Journal: The Journal of Economic Education Pages: 174-197 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.174-197 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.174-197 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:174-197 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Undergraduate Students' Coursework in Economics Abstract: The National Center for Educational Statistics' Baccalaureate and Beyond study, which had data from its second follow-up released in 1999, drew a nationally representative sample of approximately 11,000 graduates in the 1992-93 academic year. Using transcript data from the study, the authors report what economics courses students in different majors took and some measures of different majors' academic success in principles courses. Journal: The Journal of Economic Education Pages: 198-205 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.198-205 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.198-205 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:198-205 Template-Type: ReDIF-Article 1.0 Author-Name: Nathan Sivers Boyce Author-X-Name-First: Nathan Sivers Author-X-Name-Last: Boyce Title: Exploring Economic Efficiency: Efficiency.xls Journal: The Journal of Economic Education Pages: 206-206 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.206 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.206 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:206-206 Template-Type: ReDIF-Article 1.0 Author-Name: Norman R. Cloutier Author-X-Name-First: Norman R. Author-X-Name-Last: Cloutier Author-Name: Dennis A. Kaufman Author-X-Name-First: Dennis A. Author-X-Name-Last: Kaufman Author-Name: Rebecca S. Kaufman Author-X-Name-First: Rebecca S. Author-X-Name-Last: Kaufman Title: Show Me the Money! An Interactive Lesson on Demand, Total Revenue, and Pricing in Professional Sports Journal: The Journal of Economic Education Pages: 207-207 Issue: 2 Volume: 39 Year: 2008 Month: 4 X-DOI: 10.3200/JECE.39.2.207 File-URL: http://hdl.handle.net/10.3200/JECE.39.2.207 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:2:p:207-207 Template-Type: ReDIF-Article 1.0 Author-Name: Jennjou Chen Author-X-Name-First: Jennjou Author-X-Name-Last: Chen Author-Name: Tsui-Fang Lin Author-X-Name-First: Tsui-Fang Author-X-Name-Last: Lin Title: Class Attendance and Exam Performance: A Randomized Experiment Abstract: The determination of college students' academic performance is an important issue in higher education. Whether students' attendance at lectures affects students' exam performance has received considerable attention. The authors conduct a randomized experiment to study the average attendance effect for students who choose to attend lectures, which is known in program evaluation literature as the average treatment effect on the treated. This effect has long been neglected by researchers when estimating the impact of lecture attendance on students' academic performance. Under the randomized experiment approach, the results suggest that class attendance has a positive and significant impact on college students' exam performance. On average, the effect of attending lectures corresponds to a 9.4 percent to 18.0 percent improvement in exam performance for those who choose to attend classes. In comparison, the improvement is only 5.1 percent, using the empirical method of existing studies, which measures the overall average attendance impact. Journal: The Journal of Economic Education Pages: 213-227 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.213-227 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.213-227 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:213-227 Template-Type: ReDIF-Article 1.0 Author-Name: Atin Basuchoudhary Author-X-Name-First: Atin Author-X-Name-Last: Basuchoudhary Author-Name: Christopher Metcalf Author-X-Name-First: Christopher Author-X-Name-Last: Metcalf Author-Name: Kai Pommerenke Author-X-Name-First: Kai Author-X-Name-Last: Pommerenke Author-Name: David Reiley Author-X-Name-First: David Author-X-Name-Last: Reiley Author-Name: Christian Rojas Author-X-Name-First: Christian Author-X-Name-Last: Rojas Author-Name: Marzena Rostek Author-X-Name-First: Marzena Author-X-Name-Last: Rostek Author-Name: James Stodder Author-X-Name-First: James Author-X-Name-Last: Stodder Title: Price Discrimination and Resale: A Classroom Experiment Abstract: The authors present a classroom experiment designed to illustrate key concepts of third-degree price discrimination. By participating as buyers and sellers, students actively learn (1) how group pricing differs from uniform pricing, (2) how resale between buyers limits a seller's ability to price discriminate, and (3) how preventing price discrimination might reduce welfare. The exercise challenges sellers to set optimal prices against unknown demand curves by using a concrete story of pharmaceutical pricing to American and Mexican consumers. By working through profit calculations, students arrive at the optimal seller prices in three different settings: uniform pricing, price discrimination to two groups, and price discrimination to two groups who can resell to each other. The experimental design encourages students to converge reliably to the theoretical predictions. Classroom discussion can focus on real-world examples of price discrimination and on regulatory policy questions in industrial organization and international trade. Journal: The Journal of Economic Education Pages: 229-244 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.229-244 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.229-244 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:229-244 Template-Type: ReDIF-Article 1.0 Author-Name: Morton I. Kamien Author-X-Name-First: Morton I. Author-X-Name-Last: Kamien Title: Entrepreneurship by the Books Abstract: The history of invention and innovation makes clear the importance of entrepreneurship as a driver of economic growth. This is especially important today, when we face the twin challenges of developing new economic energy sources while avoiding the threat of global warming. Thus, it is essential that we provide potential entrepreneurs access to the less well-known insights provided by book learning in addition to the well-known lessons from learning by doing. Journal: The Journal of Economic Education Pages: 245-250 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.245-250 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.245-250 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:245-250 Template-Type: ReDIF-Article 1.0 Author-Name: Ora Freedman Author-X-Name-First: Ora Author-X-Name-Last: Freedman Title: Sex, Class, and History: An Experiment in Teaching Economics in an Interdisciplinary Setting Abstract: The author reports on various aspects of teaching economics in an interdisciplinary, team-taught course, including reflections on a unique experiment in teaching economics to nonmajors. By the incorporation of selected topics of gender economics into the interdisciplinary course about the changing economic statuses of women throughout history, the students are introduced to the fundamentals of economic thinking and encouraged to become economically literate. Faced with the constraints of no prerequisites and the presence of two instructors at all classes, the author implements pedagogical models of teaching adopted from the education field to achieve a desirable level of comprehension and integration. The author outlines the course design, the challenges, and suggestions about how to improve the course. Journal: The Journal of Economic Education Pages: 251-259 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.251-259 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.251-259 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:251-259 Template-Type: ReDIF-Article 1.0 Author-Name: Kevin M. Currier Author-X-Name-First: Kevin M. Author-X-Name-Last: Currier Author-Name: Brian K. Jackson Author-X-Name-First: Brian K. Author-X-Name-Last: Jackson Title: A Pedagogical Note on the Superiority of Price-Cap Regulation to Rate-of-Return Regulation Abstract: The two forms of natural monopoly regulation that are typically discussed in intermediate microeconomics textbooks are marginal cost pricing and average cost pricing (rate-of-return regulation). However, within the last 20 years, price-cap regulation has largely replaced rate-of-return regulation because of the former's potential to generate more efficient pricing structures and strong incentives for cost reduction. However, price-cap regulation has received little attention in microeconomics textbooks. The authors provide a simple discussion of price-cap regulation that demonstrates its superiority over conventional rate-of-return regulation, which forms the basis for a lecture on contemporary natural monopoly regulation. Journal: The Journal of Economic Education Pages: 261-268 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.261-268 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.261-268 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:261-268 Template-Type: ReDIF-Article 1.0 Author-Name: Paul A. Nelson Author-X-Name-First: Paul A. Author-X-Name-Last: Nelson Author-Name: Terry D. Monson Author-X-Name-First: Terry D. Author-X-Name-Last: Monson Title: GMAT Scores of Undergraduate Economics Majors Abstract: The average score of economics majors on the Graduate Management Admission Test (GMAT) exceeds those of nearly all humanities and arts, social sciences, and business undergraduate majors but not those of most science, engineering, and mathematics majors. Journal: The Journal of Economic Education Pages: 269-272 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.269-272 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.269-272 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:269-272 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: A Little More than Chalk and Talk: Results from a Third National Survey of Teaching Methods in Undergraduate Economics Courses Abstract: In 1995, 2000, and 2005, the authors surveyed U.S. academic economists to investigate how economics is taught in four different types of undergraduate courses at postsecondary institutions. They especially looked for any changes in teaching methods that occurred over this decade, when there were several prominent calls for economists and postsecondary instructors in other fields to devote more attention and effort to teaching and to make greater use of active, student-centered learning methods, with less use of direct instruction (chalk and talk). By 2005, although standard lectures and chalkboard presentations were still dominant, there was evidence of slow growth in the use of other teaching methods, including classroom discussions (especially teacher-directed discussions), computer-generated displays (such as PowerPoint), providing students with prepared sets of class notes, and computer lab assignments in econometrics and statistics courses. Internet database searches were used by a small but growing minority of instructors. Classroom experiments were used by a small share of instructors in introductory courses. Assignments or classroom references to the popular financial press, sports, literature, drama, or music were used somewhat more often. Cooperative learning methods were rarely used. Journal: The Journal of Economic Education Pages: 273-286 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.273-286 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.273-286 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:273-286 Template-Type: ReDIF-Article 1.0 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Writing Requirements and Economic Research Opportunities in the Undergraduate Curriculum: Results from a Survey of Departmental Practices Abstract: In a review of the purpose and structure of the undergraduate economics major, J. Siegfried et al. (1991) suggested that every student should be required to "do economics" and specifically recommended the development of skills through writing requirements and research-oriented courses, as in a capstone experience. The author describes results of a survey of economics departments at U.S. institutions designed to determine the degree to which writing assignments are required and the existence and form of research-oriented opportunities, such as honors, capstone and senior experiences, and the senior thesis. Results indicate that, although a majority of departments (70 percent) require a writing component as part of the major, less than half offer research-intensive experiences consistent with capstone and senior experience courses (49 percent), honors programs (37 percent), or senior theses (17 percent). When institutions offer such research courses, however, respondents state overwhelmingly that such experiences are indeed designed to encourage students to develop skills associated with "doing economics" Journal: The Journal of Economic Education Pages: 287-296 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.287-296 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.287-296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:287-296 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991-2007 Journal: The Journal of Economic Education Pages: 297-301 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.297-301 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.297-301 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:297-301 Template-Type: ReDIF-Article 1.0 Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Author-Name: Herman Li Author-X-Name-First: Herman Author-X-Name-Last: Li Title: Movie Scenes for Economics Journal: The Journal of Economic Education Pages: 303-303 Issue: 3 Volume: 39 Year: 2008 Month: 7 X-DOI: 10.3200/JECE.39.3.303 File-URL: http://hdl.handle.net/10.3200/JECE.39.3.303 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:3:p:303-303 Template-Type: ReDIF-Article 1.0 Author-Name: Ivo J. M. Arnold Author-X-Name-First: Ivo J. M. Author-X-Name-Last: Arnold Title: Course Level and the Relationship between Research Productivity and Teaching Effectiveness Abstract: The author examines the relationship between research productivity and teaching effectiveness using data from the Erasmus School of Economics. The initial findings indicate a positive overall relationship between the variables. A more detailed analysis reveals a sharp reversal in the nature of the relationship. Although the relationship is negative in the first two years of the bachelor's programs, it becomes positive later on. This suggests that the applicability of the various models that have been advanced to explain either a negative or positive relationship may depend on course level. The result also has implications with respect to the most effective allocation of faculty in bachelor's and master's programs. Journal: The Journal of Economic Education Pages: 307-321 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.307-321 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.307-321 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:307-321 Template-Type: ReDIF-Article 1.0 Author-Name: David H. Reiley Author-X-Name-First: David H. Author-X-Name-Last: Reiley Author-Name: Michael B. Urbancic Author-X-Name-First: Michael B. Author-X-Name-Last: Urbancic Author-Name: Mark Walker Author-X-Name-First: Mark Author-X-Name-Last: Walker Title: Stripped-Down Poker: A Classroom Game with Signaling and Bluffing Abstract: The authors present a simplified, "stripped-down" version of poker as an instructional classroom game. Although Stripped-Down Poker is extremely simple, it nevertheless provides an excellent illustration of a number of topics: signaling, bluffing, mixed strategies, the value of information, and Bayes's Rule. The authors begin with a description of Stripped-Down Poker: how to play it, what makes it an interesting classroom game, and how to teach its solution to students. They describe how signaling, bluffing, and so forth emerge naturally as important features of the game and then discuss possible applications of this game-theoretic model to real-world interactions, such as litigation, tax evasion, and domestic or international diplomacy. They also suggest modifications of the game either for use in class or as student exercises. For reference, they conclude with a brief history of game-theoretic treatments of poker. Journal: The Journal of Economic Education Pages: 323-341 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.323-341 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.323-341 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:323-341 Template-Type: ReDIF-Article 1.0 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Doing Economics: Enhancing Skills through a Process-Oriented Senior Research Course Abstract: The author describes a senior-level course designed to promote student skills in "acting like economists." Although most departments offer senior-level courses, this one is unique in that it was developed on the basis of learning as opposed to content objectives, assignments are designed to reinforce and further develop research skills through a project of the student's choosing, and it more closely models what it means to "act like an economist" (W. L. Hansen 2006). The author discusses the development of this course and its unique features, the research process followed by students and the outcomes generated, and some of the advantages and disadvantages associated with this form of senior research course. Journal: The Journal of Economic Education Pages: 342-356 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.342-356 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.342-356 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:342-356 Template-Type: ReDIF-Article 1.0 Author-Name: Michelle S. Goeree Author-X-Name-First: Michelle S. Author-X-Name-Last: Goeree Author-Name: Jeroen Hinloopen Author-X-Name-First: Jeroen Author-X-Name-Last: Hinloopen Title: Cooperation in the Classroom: Experimenting with R&D Cooperatives Abstract: The authors describe a classroom experiment that illustrates the research and development investment incentives facing firms when technological spillovers are present. The game involves two stages in which student "sellers" first make investment decisions and then production decisions. The classroom game can be used to motivate discussions of research joint ventures, the free-rider problem, collusion, and antitrust policy regarding research and development. Journal: The Journal of Economic Education Pages: 357-373 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.357-373 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.357-373 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:357-373 Template-Type: ReDIF-Article 1.0 Author-Name: Morton Paglin Author-X-Name-First: Morton Author-X-Name-Last: Paglin Author-Name: Mark Paglin Author-X-Name-First: Mark Author-X-Name-Last: Paglin Title: The Number of Goods as a Welfare Variable: A Simplified Graphic Approach Abstract: Trade, the Internet, and product innovation have greatly enlarged the number of goods (N) in the consumer's choice set. The welfare effect of the growth in N has been extensively discussed in the specialized literature, but very little has filtered down to our textbook models of a competitive equilibrium. These focus on the Pareto-optimal allocation of resources for a given N, avoiding the problem of the optimum number of goods, or the welfare gains when the optimum number is increased through trade. This neglect stems from the limitations of our partial-equilibrium analytical tools—for example, indifference maps in which N is fixed. The authors fill this gap in the Hicksian ordinal revolution by developing new indifference curves that express N as a variable, thus allowing them to estimate the variety gains from trade and the real-income gains as new goods enlarge N and to use new pp curves to provide a graphic description of the optimum number of goods in a competitive economy. Journal: The Journal of Economic Education Pages: 374-390 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.374-390 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.374-390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:374-390 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Solman Author-X-Name-First: Paul Author-X-Name-Last: Solman Title: Economics of War Abstract: The author describes and elaborates on how to use his public-television reports on the costs of the war in Iraq to teach economics. He shows how the Iraq war can provide economics instructors with an example for discussing cost-benefit analysis and opportunity costs in class. Journal: The Journal of Economic Education Pages: 391-400 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.391-400 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.391-400 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:391-400 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew McKenzie Author-X-Name-First: Andrew Author-X-Name-Last: McKenzie Author-Name: Steven Nichols Author-X-Name-First: Steven Author-X-Name-Last: Nichols Author-Name: James Smartt Author-X-Name-First: James Author-X-Name-Last: Smartt Title: Basis Trader Journal: The Journal of Economic Education Pages: 401-402 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.401-402 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.401-402 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:401-402 Template-Type: ReDIF-Article 1.0 Author-Name: J. Wilson Mixon Author-X-Name-First: J. Wilson Author-X-Name-Last: Mixon Author-Name: Bradley N. Hopkins Author-X-Name-First: Bradley N. Author-X-Name-Last: Hopkins Title: General Equilibrium Analysis Using Microsoft Excel Journal: The Journal of Economic Education Pages: 403-403 Issue: 4 Volume: 39 Year: 2008 Month: 9 X-DOI: 10.3200/JECE.39.4.403 File-URL: http://hdl.handle.net/10.3200/JECE.39.4.403 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:39:y:2008:i:4:p:403-403 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Book Review Journal: The Journal of Economic Education Pages: 103-106 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.103-106 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.103-106 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:103-106 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Mitchell Author-X-Name-First: Thomas Author-X-Name-Last: Mitchell Title: Visualizing Long-Run Average Cost with an Interactive Excel Module Journal: The Journal of Economic Education Pages: 107-107 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.107-107 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.107-107 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:107-107 Template-Type: ReDIF-Article 1.0 Author-Name: Fiona Maclachlan Author-X-Name-First: Fiona Author-X-Name-Last: Maclachlan Author-Name: W. J. Bolte Author-X-Name-First: W. J. Author-X-Name-Last: Bolte Author-Name: Seth Chandler Author-X-Name-First: Seth Author-X-Name-Last: Chandler Title: Interactive Economic Models from the Wolfram Demonstrations Project Journal: The Journal of Economic Education Pages: 108-108 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.108-108 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.108-108 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:108-108 Template-Type: ReDIF-Article 1.0 Author-Name: AJ A. Bostian Author-X-Name-First: AJ A. Author-X-Name-Last: Bostian Author-Name: Charles A. Holt Author-X-Name-First: Charles A. Author-X-Name-Last: Holt Title: Price Bubbles with Discounting: A Web-Based Classroom Experiment Abstract: The authors describe a Web-based classroom experiment with two assets: cash and a stock that pays a random dividend. The interest rate on cash, coupled with a well-chosen final redemption value for the stock, induces a flat trajectory for the fundamental value of the stock. However, prices typically rise above this value during a session. The bubbles and crashes that occur in this experiment can stimulate a discussion of asset valuation, discounting, and pricing patterns that are determined by expectations and "animal spirits." Journal: The Journal of Economic Education Pages: 27-37 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.027-037 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.027-037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:27-37 Template-Type: ReDIF-Article 1.0 Author-Name: Chiara Gratton-Lavoie Author-X-Name-First: Chiara Author-X-Name-Last: Gratton-Lavoie Author-Name: Denise Stanley Author-X-Name-First: Denise Author-X-Name-Last: Stanley Title: Teaching and Learning Principles of Microeconomics Online: An Empirical Assessment Abstract: How do students enrolled in online courses perform relative to those who choose a more traditional classroom environment? What student characteristics help explain differences in student academic achievement in the two modes of instruction? What factors affect the students' choice of instruction mode? The authors address these questions in relation to the teaching of introductory economics courses. They find that the two groups of students are significantly different in age, gender composition, marital status and number of children, GPA, previous economics exposure, planned major, and other important characteristics. The raw data suggested a higher mean score for the online class sections. But after considering course selection bias, the findings indicated that age and GPA positively affect students' performance in the course, whereas the online teaching mode has a narrowly insignificant, or even negative, effect. Semester effects are most important for the online subsample, and male students enjoy a premium in the traditional classroom setting. Journal: The Journal of Economic Education Pages: 3-25 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.003-025 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.003-025 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:3-25 Template-Type: ReDIF-Article 1.0 Author-Name: To N. Nguyen Author-X-Name-First: To N. Author-X-Name-Last: Nguyen Author-Name: Richard T. Woodward Author-X-Name-First: Richard T. Author-X-Name-Last: Woodward Title: NutrientNet: An Internet-Based Approach to Teaching Market-Based Policy for Environmental Management Abstract: NutrientNet is an Internet-based environment in which a class can simulate a market-based approach for improving water quality. In NutrientNet, each student receives a role as either a point source or a nonpoint source polluter, and then the participants are allowed to trade water quality credits to cost-effectively reduce pollution in a watershed. The authors provide an overview of the content and structure of this Web site. They focus on the features that make NutrientNet an effective teaching tool for instructors and a rich learning environment for students. Journal: The Journal of Economic Education Pages: 38-54 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.038-054 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.038-054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:38-54 Template-Type: ReDIF-Article 1.0 Author-Name: J. Atsu Amegashie Author-X-Name-First: J. Atsu Author-X-Name-Last: Amegashie Title: Self-Selection, Optimal Income Taxation, and Redistribution Abstract: The author makes a pedagogical contribution to optimal income taxation. Using a very simple model adapted from George A. Akerlof (1978), he demonstrates a key result in the approach to public economics and welfare economics pioneered by Nobel laureate James Mirrlees. He shows how incomplete information, in addition to the need to preserve incentives, acts as a limit to a government's redistributive power. The model and technical analysis allow easy handling of three self-selection constraints in a manner that is accessible to students with knowledge of only intermediate microeconomics and elementary algebra. The diagrammatic exposition allows him to present interesting and insightful results. Journal: The Journal of Economic Education Pages: 55-67 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.055-067 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.055-067 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:55-67 Template-Type: ReDIF-Article 1.0 Author-Name: Chemi Gotlibovski Author-X-Name-First: Chemi Author-X-Name-Last: Gotlibovski Author-Name: Nava Kahana Author-X-Name-First: Nava Author-X-Name-Last: Kahana Title: Second-Degree Price Discrimination: A Graphical and Mathematical Approach Abstract: The authors use a relatively simple diagram accompanied by mathematical analysis to compare two pricing strategies: price-quantity packages and a two-part tariff. This is done both from the monopolist's point of view and from the welfare point of view. The authors show that in the case of two consumer types, the price-quantity packages strategy dominates two-part tariff pricing from the monopolist's point of view. However, social welfare may be higher under two-part tariff pricing. Journal: The Journal of Economic Education Pages: 68-79 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.068-079 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.068-079 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:68-79 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Bofinger Author-X-Name-First: Peter Author-X-Name-Last: Bofinger Author-Name: Eric Mayer Author-X-Name-First: Eric Author-X-Name-Last: Mayer Author-Name: Timo Wollmershäuser Author-X-Name-First: Timo Author-X-Name-Last: Wollmershäuser Title: Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level Abstract: For the open economy, the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the investment and savings, liquidity preference and money supply (IS-LM) model to open economy problems. The authors present a simple New Keynesian model of the open economy that introduces open economy considerations into the closed economy consensus version and that still allows for a simple and comprehensible analytical and graphical treatment. Above all, their model provides an efficient tool kit for the discussion of the costs and benefits of fixed and flexible exchange rates, which also was at the core of the Mundell-Fleming model. Journal: The Journal of Economic Education Pages: 80-102 Issue: 1 Volume: 40 Year: 2009 Month: 1 X-DOI: 10.3200/JECE.40.1.080-102 File-URL: http://hdl.handle.net/10.3200/JECE.40.1.080-102 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:1:p:80-102 Template-Type: ReDIF-Article 1.0 Author-Name: Johan N. M. Lagerlöf Author-X-Name-First: Johan N. M. Author-X-Name-Last: Lagerlöf Author-Name: Andrew J. Seltzer Author-X-Name-First: Andrew J. Author-X-Name-Last: Seltzer Title: The Effects of Remedial Mathematics on the Learning of Economics: Evidence from a Natural Experiment Abstract: The authors examined the effects of remedial mathematics on performance in university-level economics courses using a natural experiment. They studied exam results prior and subsequent to the implementation of a remedial mathematics course that was compulsory for a subset of students and unavailable for the others, controlling for background variables. They found that, consistent with previous studies, the level of and performance in secondary school mathematics have strong predictive power on students' performances at university-level economics. However, they found relatively little evidence for a positive effect of remedial mathematics on student performance. Journal: The Journal of Economic Education Pages: 115-137 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.115-137 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.115-137 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:115-137 Template-Type: ReDIF-Article 1.0 Author-Name: David G. Surdam Author-X-Name-First: David G. Author-X-Name-Last: Surdam Title: A Sports Franchise Simulation Game Abstract: Students in sports economics courses might better learn the basic concepts by running their own franchise. A simple game, based on the card game War, is easy and inexpensive to implement. Students quickly grasp the importance of weighing marginal benefits, both in terms of team record and marginal revenue, against the costs of improving their team. In addition, students learn that even the best-laid plans can, under some circumstances, result in disappointment. Extensions of the basic game help teach students the dynamics of revenue sharing, television contracts, salary caps, and other concepts. Journal: The Journal of Economic Education Pages: 138-149 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.138-149 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.138-149 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:138-149 Template-Type: ReDIF-Article 1.0 Author-Name: David T. Mitchell Author-X-Name-First: David T. Author-X-Name-Last: Mitchell Author-Name: Robert P. Rebelein Author-X-Name-First: Robert P. Author-X-Name-Last: Rebelein Author-Name: Patricia H. Schneider Author-X-Name-First: Patricia H. Author-X-Name-Last: Schneider Author-Name: Nicole B. Simpson Author-X-Name-First: Nicole B. Author-X-Name-Last: Simpson Author-Name: Eric Fisher Author-X-Name-First: Eric Author-X-Name-Last: Fisher Title: A Classroom Experiment on Exchange Rate Determination with Purchasing Power Parity Abstract: 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 better understanding of currency markets and exchange rates. The implicit framework for exchange rate determination is one in which prices are perfectly flexible (in the long run) so that purchasing power parity (PPP) prevails. Additional treatments allow students to examine the effects of price changes, tariffs, and nontradable goods on the exchange rate and to explore the possible resulting deviations from PPP. The experiment is suitable for classes of 8 to 50 students and can be run in as short a period as 30 minutes. Journal: The Journal of Economic Education Pages: 150-165 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.150-165 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.150-165 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:150-165 Template-Type: ReDIF-Article 1.0 Author-Name: Robert J. Thornton Author-X-Name-First: Robert J. Author-X-Name-Last: Thornton Title: What's Your College Degree Worth? A Research Project for the Labor Economics Course Abstract: Calculating the expected rate of return to their own college degree and comparing it to those of students with other majors can be an interesting and fruitful project for students in a labor economics course. Data from the surveys of the National Association of Colleges and Employers (not all that well known but available in most college career-planning and placement offices) allow students to use current starting salary offers reported for about 80 different major fields and another 80 types of occupations (first jobs) to estimate the financial payoffs to their college training. In this article, the author discusses the various steps, data sources needed, and caveats for students and instructors working this exercise. Journal: The Journal of Economic Education Pages: 166-172 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.166-172 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.166-172 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:166-172 Template-Type: ReDIF-Article 1.0 Author-Name: Simon Gächter Author-X-Name-First: Simon Author-X-Name-Last: Gächter Author-Name: Manfred Königstein Author-X-Name-First: Manfred Author-X-Name-Last: Königstein Title: Design a Contract: A Simple Principal-Agent Problem as a Classroom Experiment Abstract: The authors present a simple classroom experiment that can be used as a teaching device to introduce important concepts of organizational economics and incentive contracting. First, students take the role of a principal and design a contract that consists of a fixed payment and an incentive component. Second, students take the role of agents and decide on an effort level. The experiment illustrates shirking opportunities of the agent and the importance of work incentives. Furthermore, it can be used to introduce students to the concepts of contractual incompleteness, efficiency, incentive compatibility, outside options and participation constraints, the Coase theorem, and the potential roles of fairness and reciprocity in contracting. Journal: The Journal of Economic Education Pages: 173-187 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.173-187 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.173-187 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:173-187 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore L. Turocy Author-X-Name-First: Theodore L. Author-X-Name-Last: Turocy Title: Covering Your Posterior: Teaching Signaling Games Using Classroom Experiments Abstract: The author describes a protocol for classroom experiments for courses that introduce undergraduates to signaling games. Signaling games are conceptually difficult because, when analyzing the game, students are not naturally inclined to think in probabilistic, Bayesian terms. The experimental design explicitly presents the posterior frequencies of the unobserved events. The protocol's emphasis on the posterior enhances convergence to the equilibrium prediction, relative to a treatment in which posterior frequencies are not explicitly computed. This convergence reinforces the development of the theory in subsequent lecture periods. Journal: The Journal of Economic Education Pages: 188-199 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.188-199 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.188-199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:188-199 Template-Type: ReDIF-Article 1.0 Author-Name: Norman C. Miller Author-X-Name-First: Norman C. Author-X-Name-Last: Miller Title: Optimal Consumption when Consumption Takes Time Abstract: A classic article by Gary Becker (1965) showed that when it takes time to consume, the first order conditions for optimal consumption require the marginal rate of substitution between any two goods to equal their relative full costs. These include the direct money price and the money value of the time needed to consume each good. This important conclusion has generally been ignored in textbooks. The present author calls attention to this topic by deriving Becker's conclusions within a simple two good framework. Then, he extends his work by showing that Becker's first order conditions are unlikely to be relevant if one drops Becker's strong assumption that time spent working (and, thus, money income) and time available for consuming are chosen endogenously by consumers. Journal: The Journal of Economic Education Pages: 200-212 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.200-212 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.200-212 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:200-212 Template-Type: ReDIF-Article 1.0 Author-Name: Gideon Yaniv Author-X-Name-First: Gideon Author-X-Name-Last: Yaniv Title: The Tax Compliance Demand Curve: A Diagrammatical Approach to Income Tax Evasion Abstract: One of the most interesting results in the tax evasion literature is that an increase in the income tax rate would increase tax compliance. Despite its peculiarity, this result has gained acceptance as a cornerstone for further developments of the rational tax evasion model. However, because of the mathematical format by which it is conveyed, this counterintuitive result has remained inaccessible to undergraduate students as well as to noneconomists. The author first introduces the rational tax evasion model in a nonmathematical style that is accessible to any reader. Second, he shows that the behavioral predictions of the rational tax evasion model can easily be obtained using a simple graphical representation of the optimum condition that involves the derivation of a demand curve for tax compliance. Journal: The Journal of Economic Education Pages: 213-224 Issue: 2 Volume: 40 Year: 2009 Month: 4 X-DOI: 10.3200/JECE.40.2.213-224 File-URL: http://hdl.handle.net/10.3200/JECE.40.2.213-224 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:2:p:213-224 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce A. Weinberg Author-X-Name-First: Bruce A. Author-X-Name-Last: Weinberg Author-Name: Masanori Hashimoto Author-X-Name-First: Masanori Author-X-Name-Last: Hashimoto Author-Name: Belton M. Fleisher Author-X-Name-First: Belton M. Author-X-Name-Last: Fleisher Title: Evaluating Teaching in Higher Education Abstract: The authors develop an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, they show that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. They offer evidence that the weak relationship between learning and student evaluations arises, in part, because students are unaware of how much they have learned in a course. They conclude with a discussion of easily implemented, optimal methods for evaluating teaching. Journal: The Journal of Economic Education Pages: 227-261 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.227-261 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.227-261 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:227-261 Template-Type: ReDIF-Article 1.0 Author-Name: Jessica Holmes Author-X-Name-First: Jessica Author-X-Name-Last: Holmes Author-Name: Casey Rothschild Author-X-Name-First: Casey Author-X-Name-Last: Rothschild Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: A Guide for Submissions to the JEE Content Section Abstract: The authors provide a guide to the thinking of the editorial collective for the Content section of the Journal of Economic Education (JEE). They discuss the type of papers they are looking for, what in their view constitutes a good paper, and how their review process works. They also provide some examples of what works (and what does not). Although they focus specifically on Content articles for the JEE, many of the general issues discussed may carry over to other sections of the JEE and to journals more generally. Journal: The Journal of Economic Education Pages: 262-271 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.262-271 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.262-271 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:262-271 Template-Type: ReDIF-Article 1.0 Author-Name: Melvin V. Borland Author-X-Name-First: Melvin V. Author-X-Name-Last: Borland Author-Name: Roy M. Howsen Author-X-Name-First: Roy M. Author-X-Name-Last: Howsen Title: Course Presentation of the Joint-Products Problem with Costs Associated with Dumping Abstract: The typical profit-maximization solution for the joint-production problem found in intermediate texts, managerial texts, and other texts concerned with optimal pricing is oversimplified and inconsistent with profit maximization, unless there is either no excess of any of the joint products or no costs associated with dumping. However, it is an inappropriate method of solution where excess does exist and the costs of dumping are explicitly recognized and, with respect to such cases, is at least nongeneral. The authors present a more realistic alternative method of solution, although more complex, as a substitute for the textbook method of solution typically offered. Journal: The Journal of Economic Education Pages: 272-277 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.272-277 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.272-277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:272-277 Template-Type: ReDIF-Article 1.0 Author-Name: Gigi Foster Author-X-Name-First: Gigi Author-X-Name-Last: Foster Title: A Diagrammatic Exposition of Regression and Instrumental Variables for the Beginning Student Abstract: Some beginning students of statistics and econometrics have difficulty with traditional algebraic approaches to explaining regression and related techniques. For these students, a simple and intuitive diagrammatic introduction as advocated by Kennedy (2008) may prove a useful framework to support further study. The author presents a series of diagrams following Kennedy (2008) that are designed for use in an introductory econometrics course as an intuitive aid when first introducing fundamental concepts of the field. These diagrams are easily used in the classroom as an enhancement to traditional teaching methods. Pedagogical suggestions and a few applied examples drawing on the diagrammatic framework are provided and discussed. Journal: The Journal of Economic Education Pages: 278-296 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.278-296 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.278-296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:278-296 Template-Type: ReDIF-Article 1.0 Author-Name: Walter Nicholson Author-X-Name-First: Walter Author-X-Name-Last: Nicholson Author-Name: Frank Westhoff Author-X-Name-First: Frank Author-X-Name-Last: Westhoff Title: General Equilibrium Models: Improving the Microeconomics Classroom Abstract: General equilibrium models now play important roles in many fields of economics including tax policy, environmental regulation, international trade, and economic development. The intermediate microeconomics classroom has not kept pace with these trends, however. Microeconomics textbooks primarily focus on the insights that can be drawn from the Edgeworth box diagram for exchange. This treatment leaves students unprepared for understanding much of the policy-related literature they encounter. The lack of attention can be explained: The technical analytics required to mathematically analyze general equilibrium models overwhelm all but a handful of undergraduates. We offer an alternative approach that overcomes this obstacle by providing Web-based general equilibrium simulations. The simulation approach circumvents the complex mathematics so that undergraduates can master the most important lessons of general equilibrium models. Journal: The Journal of Economic Education Pages: 297-314 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.297-314 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.297-314 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:297-314 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel E. Saros Author-X-Name-First: Daniel E. Author-X-Name-Last: Saros Title: Teaching Undergraduate Money and Banking: T-Bill Auctions and Stock Market Models Abstract: The author offers innovative approaches to 3 topics that are typically only briefly mentioned (if at all) in money and banking courses. The first topic is a Treasury bill auction experiment in which students have an opportunity to participate directly. The results from a class of 14 money and banking students are used to explain how an instructor might conduct such an experiment in the classroom. Relatively simple algebraic models are also developed for 2 types of stock market transactions: short selling and margin buying. Three analytical exercises are presented with complete solutions to demonstrate how an instructor might assign related problems for students. These experiments and models give students a lasting understanding of a number of rarely discussed topics in money and banking courses. Journal: The Journal of Economic Education Pages: 315-330 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.315-330 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.315-330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:315-330 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991-2008 Abstract: The trend in U.S. undergraduate economics degrees has resumed its upward trajectory with the fastest growth among private colleges and universities. Journal: The Journal of Economic Education Pages: 331-336 Issue: 3 Volume: 40 Year: 2009 Month: 7 X-DOI: 10.3200/JECE.40.3.331-336 File-URL: http://hdl.handle.net/10.3200/JECE.40.3.331-336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:331-336 Template-Type: ReDIF-Article 1.0 Author-Name: Scott J. Savage Author-X-Name-First: Scott J. Author-X-Name-Last: Savage Title: The Effect of Information Technology on Economic Education Abstract: Abstract The author evaluated the effect on student performance of using a new information technology (IT) enhancement that permits students to participate in the recording of lectures that can be downloaded later from the Internet. The author compared two sections of the same Intermediate Microeconomics class and observed the sample students to be representative; the empirical model accounted for any differences in student characteristics between the comparison and test groups. Model results show that students exposed to the IT enhancement performed about 2 percentage points better on their final exam than did the comparison students; however, the difference was not statistically different from zero. The author concluded that the use of IT appears to not have any substantive influence on student performance. Journal: The Journal of Economic Education Pages: 337-353 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903237901 File-URL: http://hdl.handle.net/10.1080/00220480903237901 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:337-353 Template-Type: ReDIF-Article 1.0 Author-Name: Sucharita Ghosh Author-X-Name-First: Sucharita Author-X-Name-Last: Ghosh Author-Name: Francesco Renna Author-X-Name-First: Francesco Author-X-Name-Last: Renna Title: Using Electronic Response Systems in Economics Classes Abstract: Abstract College instructors and students participated in a pilot project at the University of Akron to enhance student learning through the use of a common teaching pedagogy, peer instruction. The teaching pedagogy was supported by the use of technology, an electronic personal response system, which recorded student responses. The authors report their experiences in using this technology-enhanced teaching pedagogy and provide another example of an active and collaborative learning tool that instructors can use to move beyond “chalk and talk.” Preliminary survey results from students participating in this pilot project are also reported. Journal: The Journal of Economic Education Pages: 354-365 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903297651 File-URL: http://hdl.handle.net/10.1080/00220480903297651 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:354-365 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore C. Bergstrom Author-X-Name-First: Theodore C. Author-X-Name-Last: Bergstrom Title: Teaching Economic Principles Interactively: A Cannibal's Dinner Party Abstract: Abstract The author describes techniques that he uses to interactively teach economics principles. He describes an experiment on market entry and gives examples of applications of classroom clickers. Clicker applications include (a) collecting data about student preferences that can be used to construct demand curves and supply curves, (b) checking students’ knowledge of central concepts, and (c) playing interactive games that illustrate economic concepts. Journal: The Journal of Economic Education Pages: 366-384 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903237935 File-URL: http://hdl.handle.net/10.1080/00220480903237935 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:366-384 Template-Type: ReDIF-Article 1.0 Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: Clickenomics: Using a Classroom Response System to Increase Student Engagement in a Large-Enrollment Principles of Economics Course Abstract: Abstract One of the most important challenges facing college instructors of economics is helping students engage. Engagement is particularly important in a large-enrollment Principles of Economics course, where it can help students achieve a long-lived understanding of how economists use basic economic ideas to look at the world. The author reports how instructors can use Classroom Response Systems (clickers) to promote engagement in the Principles course. He draws heavily on his own experience in teaching a one semester Principles course at the University of North Carolina at Chapel Hill but also reports on how others have used clickers to promote engagement. He concludes with evidence that students find clickers very beneficial and with an assessment of the costs and benefits of adopting a clicker system. Journal: The Journal of Economic Education Pages: 385-404 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903237950 File-URL: http://hdl.handle.net/10.1080/00220480903237950 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:385-404 Template-Type: ReDIF-Article 1.0 Author-Name: Margo Bergman Author-X-Name-First: Margo Author-X-Name-Last: Bergman Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Author-Name: Michael Reksulak Author-X-Name-First: Michael Author-X-Name-Last: Reksulak Author-Name: Jonathan C. Rork Author-X-Name-First: Jonathan C. Author-X-Name-Last: Rork Author-Name: Rick K. Wilson Author-X-Name-First: Rick K. Author-X-Name-Last: Wilson Author-Name: David Zirkle Author-X-Name-First: David Author-X-Name-Last: Zirkle Title: Your Place in Space: Classroom Experiment on Spatial Location Theory Abstract: Abstract The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid--rent function. Heterogeneous agents in the experiment compete for land use using a simple auction mechanism. Using the data that is collected, a bid--rent function is derived, and the experimental treatment is altered over the course of three sessions to uncover core concepts in urban economics. Moreover, this provides a tangible experience that can be used to help undergraduates relate to urban issues such as the steep rent gradient found around many larger colleges and universities. Journal: The Journal of Economic Education Pages: 405-421 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903237976 File-URL: http://hdl.handle.net/10.1080/00220480903237976 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:405-421 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Oslington Author-X-Name-First: Paul Author-X-Name-Last: Oslington Author-Name: Isaac Towers Author-X-Name-First: Isaac Author-X-Name-Last: Towers Title: Pushing Economies (and Students) Outside the Factor Price Equalization Zone Abstract: Abstract Despite overwhelming empirical evidence of the failure of factor price equalization, most teaching of international trade theory (even at the graduate level) assumes that economies are incompletely specialized and that factor price equalization holds. The behavior of trading economies in the absence of factor price equalization is not well understood, and some major textbook treatments err. The authors map regions of specialization and diversification for standard competitive economies and show how outputs, goods, and factor prices change as economies move within and across different regions of diversification and specialization. Two examples of how the analysis can enrich graduate-level trade teaching are given: the substitutability of goods trade and factor movements, and debates over the trade and inequality. Journal: The Journal of Economic Education Pages: 422-436 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903238099 File-URL: http://hdl.handle.net/10.1080/00220480903238099 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:422-436 Template-Type: ReDIF-Article 1.0 Author-Name: Saul D. Hoffman Author-X-Name-First: Saul D. Author-X-Name-Last: Hoffman Title: Revisiting Marshall's Third Law: Why Does Labor's Share Interact with the Elasticity of Substitution to Decrease the Elasticity of Labor Demand? Abstract: Abstract The third Marshall--Hicks--Allen rule of elasticity of derived demand purports to show that labor demand is less elastic when labor is a smaller share of total costs. As Hicks, Allen, and then Bronfenbrenner showed, this rule is not quite correct, and actually is complicated by an unexpected negative relationship involving labor's share of total costs and the elasticity of substitution. The standard intuitive explanation for the exception to the rule presented by Stigler and referenced in many textbooks describes a situation rather different than the one described in the rule. The author presents an example that illustrates the peculiar negative impact of labor's share operating via the elasticity of substitution and then explains why the unexpected relationship between labor's share of total cost, the elasticity of substitution, and the elasticity of labor demand holds. Journal: The Journal of Economic Education Pages: 437-445 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903238032 File-URL: http://hdl.handle.net/10.1080/00220480903238032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:437-445 Template-Type: ReDIF-Article 1.0 Author-Name: Mary C. Suiter Author-X-Name-First: Mary C. Author-X-Name-Last: Suiter Author-Name: Katrina Stierholz Author-X-Name-First: Katrina Author-X-Name-Last: Stierholz Title: GeoFRED™: A Picture Is Worth a Thousand Words Journal: The Journal of Economic Education Pages: 446-446 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903297685 File-URL: http://hdl.handle.net/10.1080/00220480903297685 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:446-446 Template-Type: ReDIF-Article 1.0 Author-Name: Tod S. Porter Author-X-Name-First: Tod S. Author-X-Name-Last: Porter Title: Media for Microeconomics Journal: The Journal of Economic Education Pages: 447-447 Issue: 4 Volume: 40 Year: 2009 Month: 10 X-DOI: 10.1080/00220480903280178 File-URL: http://hdl.handle.net/10.1080/00220480903280178 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:40:y:2009:i:4:p:447-447 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Change and Continuity Journal: The Journal of Economic Education Pages: 1-2 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903450938 File-URL: http://hdl.handle.net/10.1080/00220480903450938 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:1-2 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffrey Parker Author-X-Name-First: Jeffrey Author-X-Name-Last: Parker Title: An Empirical Examination of the Roles of Ability and Gender in Collaborative Homework Assignments Abstract: The author investigates how ability and gender affect grades on homework projects performed by assigned pairs of students in an undergraduate macroeconomics course. The assignment grade is found to depend on the ability of both students, and the relative importance of the stronger and weaker student differs in predictable ways depending on the kind of assignment. Male-male pairs earn lower grades than male-female or female-female pairs, controlling for the measured ability of the students. Journal: The Journal of Economic Education Pages: 15-30 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/01615440903382177 File-URL: http://hdl.handle.net/10.1080/01615440903382177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:15-30 Template-Type: ReDIF-Article 1.0 Author-Name: Georg Schaur Author-X-Name-First: Georg Author-X-Name-Last: Schaur Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Not Such Innocents Abroad? Abstract: Little research in economic education has dealt with MBA programs. The authors investigated student performance in a microeconomics/managerial economics course taught in a one-year MBA program at the German International School of Management and Administration in Hanover, Germany, during the 2002--5 academic years. After controlling for other measurable characteristics, students who spoke English as their native language systematically underperformed in the course. The authors suggest this occurred because these students could have attended similar degree programs in their own countries but instead chose to study in Germany to tour Europe between and even during course modules. Journal: The Journal of Economic Education Pages: 3-14 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903280251 File-URL: http://hdl.handle.net/10.1080/00220480903280251 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:3-14 Template-Type: ReDIF-Article 1.0 Author-Name: Graeme Wells Author-X-Name-First: Graeme Author-X-Name-Last: Wells Title: Teaching Aggregate Demand and Supply Models Abstract: The author analyzes the inflation-targeting model that underlies recent textbook expositions of the aggregate demand--aggregate supply approach used in introductory courses in macroeconomics. He shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and supply shocks of various kinds. Journal: The Journal of Economic Education Pages: 31-40 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903382313 File-URL: http://hdl.handle.net/10.1080/00220480903382313 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:31-40 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Felder Author-X-Name-First: Joseph Author-X-Name-Last: Felder Author-Name: Robert Scott Author-X-Name-First: Robert Author-X-Name-Last: Scott Title: Two-Part Tariff and Aftermarket Duopoly: An Illustration Abstract: The authors shed light on the original equipment manufacturer's strategic behavior in the duopoly aftermarket. The original equipment manufacturer, firm 1, captures via its foremarket price some fraction of the aftermarket consumer surplus, where that surplus is generated by consumption of its own and its competitor's aftermarket products. The other firm, firm 2, only operates in the aftermarket and does not capture any of the aftermarket consumer surplus. Assuming a Cournot or Stackelberg duopoly aftermarket with firm 1 as the quantity leader, we find the conditions under which firm 1's aftermarket price is above or below its marginal cost; the conditions under which firm 1's profit falls or increases when firm 2 adds value to its aftermarket product or lowers its marginal cost; and the conditions under which firm 1 is less profitable or more profitable in sharing the aftermarket than it would be alone. Journal: The Journal of Economic Education Pages: 41-53 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903382222 File-URL: http://hdl.handle.net/10.1080/00220480903382222 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:41-53 Template-Type: ReDIF-Article 1.0 Author-Name: Scott A. Beaulier Author-X-Name-First: Scott A. Author-X-Name-Last: Beaulier Author-Name: David L. Prychitko Author-X-Name-First: David L. Author-X-Name-Last: Prychitko Title: The Traders’ Cross: Identifying Traders’ Surpluses in the Traditional Edgeworth Exchange Diagram Abstract: The Edgeworth exchange diagram is a traditional tool of undergraduate microeconomic theory that depicts the mutually beneficial gains from voluntary trade. The authors take the analysis one step further. They identify the buyer's and seller's surpluses that accrue to both trading parties in the Edgeworth diagram. This is a straightforward exercise that has not, however, been developed in microeconomics textbooks, an exercise that can further hone students’ understanding of the concept of buyer's and seller's surpluses and the notion of gains from voluntary exchange. Journal: The Journal of Economic Education Pages: 54-62 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903382248 File-URL: http://hdl.handle.net/10.1080/00220480903382248 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:54-62 Template-Type: ReDIF-Article 1.0 Author-Name: Frederick H. Chen Author-X-Name-First: Frederick H. Author-X-Name-Last: Chen Title: Expected Utility Illustrated: A Graphical Analysis of Gambles with More than Two Possible Outcomes Abstract: The author presents a simple geometric method to graphically illustrate the expected utility from a gamble with more than two possible outcomes. This geometric result gives economics students a simple visual aid for studying expected utility theory and enables them to analyze a richer set of decision problems under uncertainty compared to what they typically see in an intermediate-level microeconomics course. Journal: The Journal of Economic Education Pages: 63-70 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903382214 File-URL: http://hdl.handle.net/10.1080/00220480903382214 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:63-70 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce H. Wade Author-X-Name-First: Bruce H. Author-X-Name-Last: Wade Author-Name: Jack H. Stone Author-X-Name-First: Jack H. Author-X-Name-Last: Stone Title: Overcoming Disciplinary and Institutional Barriers: An Interdisciplinary Course in Economic and Sociological Perspectives on Health Issues Abstract: The authors describe an interdisciplinary course team-taught by an economist and a sociologist. Historically mindful of the less than amicable relationship between these disciplines, these colleagues developed a course that attempted to illuminate the different perspectives of economics and sociology in relation to selected health themes. Such a course is either rare or unique. It served as a general social science (core) requirement and as a major elective for sociology majors. The article describes course mechanics, pedagogy and assessment, course content, and institutional barriers. In particular, the article highlights some of the unique problems that exist in offering such a course—problems that are either less severe or nonexistent in more traditional courses. Journal: The Journal of Economic Education Pages: 71-84 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903382198 File-URL: http://hdl.handle.net/10.1080/00220480903382198 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:71-84 Template-Type: ReDIF-Article 1.0 Author-Name: Don R. Leet Author-X-Name-First: Don R. Author-X-Name-Last: Leet Author-Name: Nancy A. Lang Author-X-Name-First: Nancy A. Author-X-Name-Last: Lang Title: Consensus among Economics Teachers from Transition Economies Abstract: The authors analyze the economic opinions of teachers and economists from the former Soviet Union who participated in economic education programs sponsored by the U.S. Department of Education under the auspices of the National Council on Economic Education from 1995--2001. They sought to determine the level of consensus on economic topics among the participants, and then analyzed their concordance with U.S. economists. They conclude that there is a significant level of consensus among the participants from the former Soviet Union, but this consensus is often at odds with the views of American economists. Journal: The Journal of Economic Education Pages: 85-94 Issue: 1 Volume: 41 Year: 2010 Month: 1 X-DOI: 10.1080/00220480903238057 File-URL: http://hdl.handle.net/10.1080/00220480903238057 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:1:p:85-94 Template-Type: ReDIF-Article 1.0 Author-Name: M. Ryan Haley Author-X-Name-First: M. Ryan Author-X-Name-Last: Haley Author-Name: Marianne F. Johnson Author-X-Name-First: Marianne F. Author-X-Name-Last: Johnson Author-Name: M. Kevin McGee Author-X-Name-First: M. Kevin Author-X-Name-Last: McGee Title: A Framework for Reconsidering the Lake Wobegon Effect Abstract: The Lake Wobegon Effect (LWE) describes the potential measurement-error bias introduced into survey-based analyses of education issues. Although this effect potentially applies to any student-report variable, the systematic overreporting of academic achievements such as grade point average is often of preeminent concern. This concern can be easily circumvented if official records data are available; however, many researchers can only access student-reported data. In this article, the authors examine whether using student-survey data in place of official records data meaningfully biases regression estimates. They motivate their contribution by noting a useful statistical feature of overreporting on bounded variables such as grade point average. Specifically, the misreports will be negatively correlated with the true grade point average, yielding a form of nonclassical measurement error that actually counteracts the bias. The authors connect this observation to reliability ratios used in labor economics, which are simple ways to adjust for attenuation bias, when needed. In two applications, we find that it is unnecessary to correct for the LWE bias because it is so small. Journal: The Journal of Economic Education Pages: 95-109 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003617228 File-URL: http://hdl.handle.net/10.1080/00220481003617228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:95-109 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce T. Elmslie Author-X-Name-First: Bruce T. Author-X-Name-Last: Elmslie Author-Name: Edinaldo Tebaldi Author-X-Name-First: Edinaldo Author-X-Name-Last: Tebaldi Title: Teaching Economic Growth Theory with Data Abstract: Many instructors in subjects such as economics are frequently concerned with how to teach technical material to undergraduate students with limited mathematical backgrounds. One method that has proven successful for the authors is to connect theoretically sophisticated material with actual data. This enables students to see how the theory relates to the real world, allowing for a deeper understanding of both. The authors developed a simple and insightful empirical application of the Solow growth model that can be used in an undergraduate macroeconomics or economic growth course. The exercise uses a data set on perception of corruption levels by country to look at the relationship between corruption and the level and rate of growth of output per worker across 70 countries. The results not only allow students to see for themselves the impact that corruption has on gross domestic product per worker but also improve their understanding of the distinction between level effects and long-run growth effects. Journal: The Journal of Economic Education Pages: 110-124 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003617244 File-URL: http://hdl.handle.net/10.1080/00220481003617244 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:110-124 Template-Type: ReDIF-Article 1.0 Author-Name: Wayne Joerding Author-X-Name-First: Wayne Author-X-Name-Last: Joerding Title: Teaching and Learning with Individually Unique Exercises Abstract: In this article, the author describes the pedagogical benefits of giving students individually unique homework exercises from an exercise template. Evidence from a test of this approach shows statistically significant improvements in subsequent exam performance by students receiving unique problems compared with students who received traditional paper assignments that were identical across students. The author also describes the software developed by himself and his students to implement this approach to homework problems. The software generates unique computer-graded assignments for each student from an assignment template and scores the resulting exercises. Instructors can create questions that require students to interact with diagrams or provide solutions to symbolic equations. The software is freely available to educators under an open-source license, to use, edit, and improve as they choose. Journal: The Journal of Economic Education Pages: 125-135 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613813 File-URL: http://hdl.handle.net/10.1080/00220481003613813 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:125-135 Template-Type: ReDIF-Article 1.0 Author-Name: R. Andrew Luccasen Author-X-Name-First: R. Andrew Author-X-Name-Last: Luccasen Author-Name: M. Kathleen Thomas Author-X-Name-First: M. Kathleen Author-X-Name-Last: Thomas Title: Simpsonomics: Teaching Economics Using Episodes of The Simpsons Abstract: Undergraduate students are often interested in applications of economic principles. Although popular television shows and movies are not real-world examples, drawing from these sources can motivate disinterested students and provide a pedagogical tool that enhances instruction. In this article, the authors discuss several basic introductory economic principles that are illustrated by the television show The Simpsons. Topics include economic reasoning, opportunity cost, incentives, comparative advantage, declining marginal benefit, elasticity, externalities, free-riding, and game theory. The authors provide discussion questions and student worksheets that instructors can use in their own classes. Journal: The Journal of Economic Education Pages: 136-149 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613847 File-URL: http://hdl.handle.net/10.1080/00220481003613847 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:136-149 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Szymanski Author-X-Name-First: Stefan Author-X-Name-Last: Szymanski Title: Teaching Competition in Professional Sports Leagues Abstract: In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Késenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author describes a simulation model that can be used in a classroom to demonstrate how competition works in a noncooperative context. More generally, in simulation exercises, students typically gravitate quickly toward the Nash equilibrium, making this a simple and powerful way to introduce them to the concept. The supporting Excel spreadsheet used to conduct the game can be downloaded from the author's personal Web page, http://www.cass.city.ac.uk/faculty/s.szymanski/sports -league-simulation-blank.xls. Journal: The Journal of Economic Education Pages: 150-168 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220480903382297 File-URL: http://hdl.handle.net/10.1080/00220480903382297 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:150-168 Template-Type: ReDIF-Article 1.0 Author-Name: Antonio D'Agata Author-X-Name-First: Antonio Author-X-Name-Last: D'Agata Title: Geometry of Cournot-Nash Equilibrium with Application to Commons and Anticommons Abstract: The author develops a simple geometric analysis of Cournot-Nash equilibrium in the price-quantity space by exploiting the economic content of the first-order condition. The approach makes it clear that strategic interdependency in oligopoly originates from externalities among producers. This explains why cartels are unstable and casts oligopoly within the more general commons-anticommons framework. Journal: The Journal of Economic Education Pages: 169-176 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003617277 File-URL: http://hdl.handle.net/10.1080/00220481003617277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:169-176 Template-Type: ReDIF-Article 1.0 Author-Name: Carol Horton Tremblay Author-X-Name-First: Carol Horton Author-X-Name-Last: Tremblay Author-Name: Victor J. Tremblay Author-X-Name-First: Victor J. Author-X-Name-Last: Tremblay Title: The Neglect of Monotone Comparative Statics Methods Abstract: Monotone methods enable comparative static analysis without the restrictive assumptions of the implicit-function theorem. Ease of use and flexibility in solving comparative static and game-theory problems have made monotone methods popular in the economics literature and in graduate courses, but they are still absent from undergraduate mathematical economics courses and textbooks. In this article, the authors illustrate the generality of monotone comparative statics relative to the implicit function approach. For example, to sign the effect of a discrete policy shift on a choice variable, the marginal returns will increase with the policy parameter. They also apply monotone methods in game theory settings. As mathematical economics courses and majors gain popularity, incorporating monotone methods into curriculum and textbooks would provide a modern treatment of comparative static analysis. Journal: The Journal of Economic Education Pages: 177-193 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003617293 File-URL: http://hdl.handle.net/10.1080/00220481003617293 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:177-193 Template-Type: ReDIF-Article 1.0 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Gail Hoyt Author-X-Name-First: Gail Author-X-Name-Last: Hoyt Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: The Professional Development of Graduate Students for Teaching Activities: The Students’ Perspective Abstract: This article provides insight into the skill-development activities of graduate students at U.S. institutions providing graduate education in economics. The authors document the extent of student participation in and preparation for teaching-related activities while in graduate school, finding that more than 50 percent of students are involved in teaching-related activities such as grading, leading recitation sections, and teaching their own sections and that most were satisfied with their preparation. Important differences in participation in these activities are highlighted by assistantship assignments, institution rank, and gender. Findings suggest that programs could do more to prepare students for participation in teaching specific professional activities after graduation. Journal: The Journal of Economic Education Pages: 194-201 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613862 File-URL: http://hdl.handle.net/10.1080/00220481003613862 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:194-201 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Preparing Graduate Students in Economics for Teaching: Survey Findings and Recommendations Abstract: Survey data from PhD-granting economics departments are used to assess the teaching preparation of graduate students in economics. The results show that relatively few departments require graduate student instructors to take a credit course in teaching before teaching their own course or leading a recitation section. Although more graduate student instructors are required to take a noncredit course in teaching before serving as an instructor or recitation leader, the value of such noncredit courses may be limited. The assessment of teaching preparation by department chairs shows mixed responses, with about three-fifths rating it as very good or good and about two-fifths considering it to be only adequate or poor. Recommendations are offered for improving the teaching preparation of graduate student instructors in economics. Journal: The Journal of Economic Education Pages: 202-210 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613888 File-URL: http://hdl.handle.net/10.1080/00220481003613888 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:202-210 Template-Type: ReDIF-Article 1.0 Author-Name: James P. McCoy Author-X-Name-First: James P. Author-X-Name-Last: McCoy Author-Name: Martin I. Milkman Author-X-Name-First: Martin I. Author-X-Name-Last: Milkman Title: Do Recent PhD Economists Feel Prepared to Teach Economics? Abstract: A survey of recent economics PhDs who graduated from U.S. PhD programs and are now teaching in either the United States or Canada revealed that only half of the respondents who taught a stand-alone course during their doctoral program had any teacher preparation training. Those who did have training only felt “adequately” prepared for teaching. However, as a general rule, the respondents felt that they were well-prepared for teaching at the completion of their graduate program. The authors did not find significant differences in the responses of those who did complete formal pedagogical training during their doctoral program and those who did not. Those who completed training during their doctoral program appear to currently be more enthusiastic about training. Journal: The Journal of Economic Education Pages: 211-215 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613904 File-URL: http://hdl.handle.net/10.1080/00220481003613904 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:211-215 Template-Type: ReDIF-Article 1.0 Author-Name: Harvey Gold Author-X-Name-First: Harvey Author-X-Name-Last: Gold Author-Name: Steven Gold Author-X-Name-First: Steven Author-X-Name-Last: Gold Title: Beat the Market: An Interactive Microeconomics Simulation Journal: The Journal of Economic Education Pages: 216-216 Issue: 2 Volume: 41 Year: 2010 Month: 3 X-DOI: 10.1080/00220481003613920 File-URL: http://hdl.handle.net/10.1080/00220481003613920 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:216-216 Template-Type: ReDIF-Article 1.0 Author-Name: Ann L. Owen Author-X-Name-First: Ann L. Author-X-Name-Last: Owen Title: Grades, Gender, and Encouragement: A Regression Discontinuity Analysis Abstract: The author employs a regression discontinuity design to provide direct evidence on the effects of grades earned in economics principles classes on the decision to major in economics and finds a differential effect for male and female students. Specifically, for female students, receiving an A for a final grade in the first economics class is associated with a meaningful increase in the probability of majoring in economics, even after controlling for the numerical grade earned in the class. This suggests that for female students, the feedback that is embedded in the course letter grade has an encouragement effect on their decision to study economics further. The author finds no evidence of a similar effect for male students. Journal: The Journal of Economic Education Pages: 217-234 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486718 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486718 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:217-234 Template-Type: ReDIF-Article 1.0 Author-Name: John C. Bernard Author-X-Name-First: John C. Author-X-Name-Last: Bernard Author-Name: Amalia Yiannaka Author-X-Name-First: Amalia Author-X-Name-Last: Yiannaka Title: Understanding Patenting Decisions: A Classroom Exercise Abstract: Although many students have some knowledge of patents, it can be difficult for them to understand the components of an innovator's decision-making process. Key issues, such as whether to patent or to use trade secrecy, how broad a scope to claim, and what to do in the event of patent infringement, can be difficult to grasp from a standard lecture. The authors present a classroom exercise in which students assume the role of an innovator and their decisions at each stage have direct consequences on the profits they earn. Realistic probabilities are used to determine whether patents are infringed or court cases are won. The exercise is additionally useful in providing lessons on behavior under risk and uncertainty and the profit-maximizing goal of firms. Journal: The Journal of Economic Education Pages: 235-251 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486720 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486720 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:235-251 Template-Type: ReDIF-Article 1.0 Author-Name: Peggy Dalton Author-X-Name-First: Peggy Author-X-Name-Last: Dalton Title: The Use of Narrative Interview in Teaching Principles of Macroeconomics Abstract: The author describes the design and implementation of one experiential learning assignment used in a principles of macroeconomics course. The learning exercise provides an active role for students and results in a relational experience that provides traditional undergraduate students with a frame of reference with which to interpret the impact of macroeconomic events and policy on their daily lives. Journal: The Journal of Economic Education Pages: 252-258 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486724 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486724 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:252-258 Template-Type: ReDIF-Article 1.0 Author-Name: Aju J. Fenn Author-X-Name-First: Aju J. Author-X-Name-Last: Fenn Author-Name: Daniel K. N. Johnson Author-X-Name-First: Daniel K. N. Author-X-Name-Last: Johnson Author-Name: Mark Griffin Smith Author-X-Name-First: Mark Griffin Author-X-Name-Last: Smith Author-Name: J. L. Stimpert Author-X-Name-First: J. L. Author-X-Name-Last: Stimpert Title: Doing Publishable Research with Undergraduate Students Abstract: Many economics majors write a senior thesis. Although this experience can be the pinnacle of their education, publication is not the common standard for undergraduates. The authors describe four approaches that have allowed students to get their work published: (1) identify a topic, such as competitive balance in sports, and have students work on various subtopics, such as specific sports; (2) develop a large data set and have students work on different problems using it; (3) divide a quantitative problem into distinct parts and have individual students work on each part; and (4) divide a qualitative problem into distinct parts and have individual students work on their own part. The authors also address the challenges of working with undergraduates: limited time and resources, limited skills, and the tedium of gathering data. Journal: The Journal of Economic Education Pages: 259-274 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486728 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486728 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:259-274 Template-Type: ReDIF-Article 1.0 Author-Name: William D. Craighead Author-X-Name-First: William D. Author-X-Name-Last: Craighead Author-Name: Norman C. Miller Author-X-Name-First: Norman C. Author-X-Name-Last: Miller Title: The Causes of and Gains from Intertemporal Trade Abstract: The authors show how the causes of and the gains from current account imbalances can be integrated into undergraduate economics courses using the same pedagogical tools that are used to explain comparative advantage and the gains from trade. A nonzero current account provides a mechanism for intertemporal trade, and a country has a comparative advantage in present (or future) goods if its autarky real interest rate is below (or above) the world real interest rate. The authors explain why the intertemporal approach to the current account reaches different conclusions from the traditional approach regarding welfare effects. Also, the authors integrate alternative approaches for explaining the underlying cause(s) of nonzero current account balances. Journal: The Journal of Economic Education Pages: 275-291 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486732 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486732 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:275-291 Template-Type: ReDIF-Article 1.0 Author-Name: Shane Sanders Author-X-Name-First: Shane Author-X-Name-Last: Sanders Title: A Model of the Relative Income Hypothesis Abstract: James Duesenberry's (1949) relative income hypothesis holds substantial empirical credibility, as well as a rich set of implications. Although present in the pages of leading economics journals, the hypothesis has become all but foreign to the blackboards of economics classrooms. To help reintegrate the concept into the undergraduate economics curriculum, the author constructs a model of the relative income hypothesis to present a few of its important properties and implications. Negative spending externalities, the effect of public provision taxes on wasteful spending races, and the Pareto implications of universal income growth are illustrated within a two-good consumption space as a method of introducing this rich literature to a greater number of introductory and intermediate economics students. Journal: The Journal of Economic Education Pages: 292-305 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486733 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486733 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:292-305 Template-Type: ReDIF-Article 1.0 Author-Name: David W. Findlay Author-X-Name-First: David W. Author-X-Name-Last: Findlay Title: Modeling Imports in a Keynesian Expenditure Model Abstract: The author discusses several issues that instructors of introductory macroeconomics courses should consider when introducing imports in the Keynesian expenditure model. The analysis suggests that the specification of the import function should partially, if not completely, be the result of a simple discussion about the spending and import behaviors of the household, firm, and government sectors. The analysis also indicates that instructors who use certain import functions that are in some introductory textbooks will inadvertently impose restrictions on the model and potentially confuse students. The author examines several implications of the specification proposed by Robert Cherry (2001) and shows how the restrictions imposed by Cherry's specification make it difficult for instructors to present certain types of economic events and policies. The import function discussed here avoids these restrictions and allows instructors to present more easily certain types of examples. Journal: The Journal of Economic Education Pages: 306-313 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486734 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486734 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:306-313 Template-Type: ReDIF-Article 1.0 Author-Name: S. Kirk Elwood Author-X-Name-First: S. Kirk Author-X-Name-Last: Elwood Title: Retiring the Short-Run Aggregate Supply Curve Abstract: The author argues that the aggregate demand/aggregate supply (AD/AS) model is significantly improved—although certainly not perfected—by trimming it of the short-run aggregate supply (SRAS) curve. Problems with the SRAS curve are shown first for the AD/AS model that casts the AD curve as identifying the equilibrium level of output associated with each price level (as found in most intermediate macroeconomics textbooks). Problems are then shown for the AD/AS model in which the AD curve is more modestly assumed to capture the relationship between the price level and aggregate expenditures (as found in principles of economics textbooks). Journal: The Journal of Economic Education Pages: 314-325 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486736 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486736 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:314-325 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991--2009 Abstract: The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2008--9. Journal: The Journal of Economic Education Pages: 326-330 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486738 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486738 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:326-330 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Nieswiadomy Author-X-Name-First: Michael Author-X-Name-Last: Nieswiadomy Title: LSAT® Scores of Economics Majors: The 2008--9 Class Update Abstract: Using 1994--95 and 2002--3 data, the author (1998, 2006) has found that economics majors scored well on the LSAT®. These results are frequently posted on university Web sites by economics (and other) departments. The author, who updates the previous studies by using current 2007--8 law school applicants for the 2008--9 class of students entering law school, finds that economics majors still perform at or near the top of all majors applying for law school. Economics majors (LSAT® score of 157.4; LSAC 2009) are tied for first (with philosophy) of the 12 largest disciplines (those with more than 1,900 students entering law school). Economics is tied for second (with philosophy/religion [157.4]) behind physics/math (160.0) in a set of 29 discipline groupings that the author created to yield groups of at least 450 students with similar majors. Journal: The Journal of Economic Education Pages: 331-333 Issue: 3 Volume: 41 Year: 2010 Month: 6 X-DOI: 10.1080/00220485.2010.486739 File-URL: http://hdl.handle.net/10.1080/00220485.2010.486739 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:3:p:331-333 Template-Type: ReDIF-Article 1.0 Author-Name: James F. Ragan Author-X-Name-First: James F. Author-X-Name-Last: Ragan Author-Name: Bhavneet Walia Author-X-Name-First: Bhavneet Author-X-Name-Last: Walia Title: Differences in Student Evaluations of Principles and Other Economics Courses and the Allocation of Faculty across Courses Abstract: The authors analyze 19 semesters of student evaluations at Kansas State University. Faculty member fixed effects are sizable and indicate that among faculty members who teach both types of courses, the best principles teachers also tend to be the best nonprinciples teachers. Estimates that ignore faculty effects are biased because principles teachers are drawn from the top of the distribution and because unmeasured faculty member characteristics are correlated with such variables as the response rate. Student ratings are lowest for new faculty but stabilize quickly. Lower student interest and especially larger class size reduce student ratings and fully explain the lower evaluations of principles classes. By accounting for differences in characteristics over which the instructor has no control, departments can adjust student ratings to more accurately assess the contributions of their teachers. Journal: The Journal of Economic Education Pages: 335-352 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510389 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:335-352 Template-Type: ReDIF-Article 1.0 Author-Name: Andreas Park Author-X-Name-First: Andreas Author-X-Name-Last: Park Title: Experiential Learning of the Efficient Market Hypothesis: Two Trading Games Abstract: In goods markets, an equilibrium price balances demand and supply. In a financial market, an equilibrium price also aggregates people's information to reveal the true value of a financial security. Although the underlying idea of informationally efficient markets is one of the centerpieces of capital market theory, students often have difficulties in grasping and accepting that asset prices fulfill this dual role of information revelation and demand-supply aggregation. The author presents two simple classroom games that illustrate the workings of information transmission and aggregation through prices. The games are easy to comprehend, simple to implement, and short. Each game, including classroom discussions, takes about 30 minutes. By the end, students will have an intuitive feel for informational efficiency. Journal: The Journal of Economic Education Pages: 353-369 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510391 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510391 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:353-369 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Docherty Author-X-Name-First: Peter Author-X-Name-Last: Docherty Author-Name: Harry Tse Author-X-Name-First: Harry Author-X-Name-Last: Tse Author-Name: Ross Forman Author-X-Name-First: Ross Author-X-Name-Last: Forman Author-Name: Jo McKenzie Author-X-Name-First: Jo Author-X-Name-Last: McKenzie Title: Extending the Principles of Intensive Writing to Large Macroeconomics Classes Abstract: The authors report on the design and implementation of a pilot program to extend the principles of intensive writing outlined by W. Lee Hansen (1998), Murray S. Simpson and Shireen E. Carroll (1999) and David Carless (2006) to large macroeconomics classes. The key aspect of this program was its collaborative nature, with staff from two specialist units joining forces with two economics instructors to provide students with significant resources and direction in a short program of writing, embedded within an intermediate macroeconomics subject at the University of Technology, Sydney (UTS). The objective was to test potential strategies and to identify points of improvement for a more intensive program of writing development at the next stage of implementation. The authors review the literature on student writing and associated assessment issues, outline the central design features of the UTS program, and take a closer look at the centerpiece of a strategy for overcoming writing problems: a series of writing workshops targeted at two related assignments within the intermediate macroeconomics course. Journal: The Journal of Economic Education Pages: 370-382 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510392 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:370-382 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Introduction to Symposium on the Financial Crisis and the Teaching of Macroeconomics Journal: The Journal of Economic Education Pages: 383-384 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510395 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510395 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:383-384 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Blinder Author-X-Name-First: Alan Author-X-Name-Last: Blinder Title: Teaching Macro Principles after the Financial Crisis Abstract: Recent events should force everyone who teaches macroeconomics (or finance, for that matter) to reconsider their curriculums. In this short article, the author shares his thoughts about what should and should not be changed in the way economists teach macro principles to beginning students. Two tradeoffs are paramount and must be faced by every instructor: (1) how much additional complexity must be and can be introduced in a principles course in which the students are relatively unsophisticated; and (2) although it is easy to think of new topics that recent events “demand” instructors add, it is much harder to think of topics to delete. Yet economists should understand the necessity of choice forced by (time) budget constraints. Journal: The Journal of Economic Education Pages: 385-390 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510394 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:385-390 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin M. Friedman Author-X-Name-First: Benjamin M. Author-X-Name-Last: Friedman Title: Reconstructing Economics in Light of the 2007--? Financial Crisis Abstract: The lessons learned from the recent financial crisis should significantly reshape the economics profession's thinking, including, importantly, what we teach our students. Five such lessons are that we live in a monetary economy and therefore aggregate demand and policies that affect aggregate demand are determinants of real economic outcomes; that what actually matters for this purpose is not money but the volume, availability, and price of credit; that the fact that most lending is done by financial institutions matters as well; that the prices set in our financial markets do not always exhibit the “rationality” economists normally claim for them; and that both frictions and the uneven impact of economic events prevent us from adapting to disturbances in the way textbook economics suggests. Journal: The Journal of Economic Education Pages: 391-397 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510397 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510397 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:391-397 Template-Type: ReDIF-Article 1.0 Author-Name: Raghuram Rajan Author-X-Name-First: Raghuram Author-X-Name-Last: Rajan Title: The Financial Crisis and the Death (or Hegemony) of Development Economics Abstract: Development economics was the study of how to create the plumbing that would allow developing economies to become developed. The financial crisis leads us to question whether industrialized countries have the plumbing problem solved and thus leads us to question whether we need a development economics that is separate from macroeconomics. Indeed, it even leads us to question whether development economics should take as its goal the creation of the institutional plumbing that industrialized countries currently have. The consequence will be a blending of concerns that have been central in developing economies with the standard macro models. The blending can be seen as either the death of development economics or the hegemony of development economics. Journal: The Journal of Economic Education Pages: 398-402 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510398 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510398 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:398-402 Template-Type: ReDIF-Article 1.0 Author-Name: Robert J. Shiller Author-X-Name-First: Robert J. Author-X-Name-Last: Shiller Title: How Should the Financial Crisis Change How We Teach Economics? Abstract: Student dissatisfaction with teaching of economics—particularly with macroeconomics—during the current financial crisis mirrors dissatisfaction that was expressed during the last big crisis, the Great Depression. Then and now, a good number of students have felt that their lectures bear little relation to the economic crisis raging outside the halls of academe. The economics profession seems unusual, when compared with some other professions, in complaints that the teaching is irrelevant to practical lives. There appear to be few complaints among physics students that their education does not prepare them for practical pursuits, such as engineering. But economics, particularly macroeconomics, is different from physics not because of the mode of teaching but because the subject matter is harder to conceptualize. Models have to be frequently discarded and fundamentally new ones have to be brought to bear to make them relevant to changed circumstances. Student dissatisfaction with economics, however, is, despite some vocal complaints, not intense overall, and enrollments are growing. Students mostly recognize that their teachers are struggling with the conceptual difficulties that are inherent in the field. Teachers can encourage such recognition and best serve their students if they refer regularly and respectfully to the history of economic thought, conveying the reasons for the theoretical constructs of other times and the tentativeness of current theories. Journal: The Journal of Economic Education Pages: 403-409 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510409 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510409 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:403-409 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Economic Education in an International Context Abstract: The authors explain the purpose and context for the 2009 International Symposium on Economic Education that was the source for articles on four nations with relatively developed systems for economic education: Australia, England, Japan, and Korea. The authors highlight several key comparisons from the four articles that appear in this Journal of Economic Education issue. Journal: The Journal of Economic Education Pages: 410-412 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510407 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510407 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:410-412 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Davies Author-X-Name-First: Peter Author-X-Name-Last: Davies Author-Name: Guy Durden Author-X-Name-First: Guy Author-X-Name-Last: Durden Title: Economic Education in Schools and Universities in England Abstract: The authors review three aspects of economic education in England. They examine trends in undergraduate economics in England, principally in terms of recruitment and outcomes and connections with economics in schools. They also review formal instruction in schools through so-called “advanced level” courses for 16--19-year-old students and the role of the academic community in recent research in England on economic education. Journal: The Journal of Economic Education Pages: 413-424 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510400 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510400 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:413-424 Template-Type: ReDIF-Article 1.0 Author-Name: David K. Round Author-X-Name-First: David K. Author-X-Name-Last: Round Author-Name: Martin P. Shanahan Author-X-Name-First: Martin P. Author-X-Name-Last: Shanahan Title: The Economics Degree in Australia: Down but Not Out? Abstract: Before 1980, strong demand existed in Australia for the economics degree. Since then, competition from programs in business and management has increased. Student preferences have shifted from university and secondary economics. Economics enrollments have declined in both sectors. The authors analyze these trends and assess economic education publications by Australian economists. Journal: The Journal of Economic Education Pages: 425-435 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510401 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510401 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:425-435 Template-Type: ReDIF-Article 1.0 Author-Name: Jinsoo Hahn Author-X-Name-First: Jinsoo Author-X-Name-Last: Hahn Author-Name: Kyungho Jang Author-X-Name-First: Kyungho Author-X-Name-Last: Jang Title: Economic Education in Korea: Current Status and Changes Abstract: The authors describe key aspects of precollege and undergraduate economic education in Korea. They show that precollege students seem to have low economics literacy due to problems with the curriculum and insufficient training of teachers. At the undergraduate level, they show that economics departments have more male students than female students and that the employment rate for economics majors is lower than for business majors. They hope to draw more of Korean economists' attention to research initiatives in economic education. Journal: The Journal of Economic Education Pages: 436-447 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510403 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510403 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:436-447 Template-Type: ReDIF-Article 1.0 Author-Name: Michio Yamaoka Author-X-Name-First: Michio Author-X-Name-Last: Yamaoka Author-Name: Tadayoshi Asano Author-X-Name-First: Tadayoshi Author-X-Name-Last: Asano Author-Name: Shintaro Abe Author-X-Name-First: Shintaro Author-X-Name-Last: Abe Title: The Present State of Economic Education in Japan Abstract: The authors describe the present state of economic education in Japan. There is a larger number of undergraduate students who major in economics, but their purpose of studying economics and their economic literacy differ. Precollege economic education is regulated by the course of study and limited by the poor ability of teachers to teach the economics content. Journal: The Journal of Economic Education Pages: 448-460 Issue: 4 Volume: 41 Year: 2010 Month: 9 X-DOI: 10.1080/00220485.2010.510405 File-URL: http://hdl.handle.net/10.1080/00220485.2010.510405 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:41:y:2010:i:4:p:448-460 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: In Memory of Peter Kennedy (May 18, 1943--August 30, 2010) Journal: The Journal of Economic Education Pages: 1-2 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536484 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536484 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:1-2 Template-Type: ReDIF-Article 1.0 Author-Name: Samer Kherfi Author-X-Name-First: Samer Author-X-Name-Last: Kherfi Title: Whose Opinion Is It Anyway? Determinants of Participation in Student Evaluation of Teaching Abstract: Using data that identify the respondents to student evaluation of teaching (SET), the author finds that respondents and nonrespondents are different along several characteristics. Students respond more if they are first-term freshmen, or if the course is a major requirement. Men, students with light course loads, and students with low cumulative grade point average or low course grade are less likely to evaluate the course and the instructor. A matched-pairs test that effectively eliminates class- and instructor-invariant student characteristics confirms that students who do better in a course are more likely to participate in SET. In addition, students who are more likely to have strong opinions, identified by early participation, hold, on average, positive views toward the course. These results do not support the idea that SET attracts disproportionally more unhappy students. Given the widely documented positive correlation between grades and ratings, these findings suggest that SET ratings can be biased upward. Journal: The Journal of Economic Education Pages: 19-30 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536487 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536487 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:19-30 Template-Type: ReDIF-Article 1.0 Author-Name: William D. Ferguson Author-X-Name-First: William D. Author-X-Name-Last: Ferguson Title: Curriculum for the Twenty-First Century: Recent Advances in Economic Theory and Undergraduate Economics Abstract: Undergraduate economics lags behind cutting-edge economic theory. The author briefly reviews six related advances that profoundly extend and deepen economic analysis: game-theoretic modeling, collective-action problems, information economics and contracting, social preference theory, conceptualizing rationality, and institutional theory. He offers suggestions for incorporating these into the undergraduate classes at various levels. He argues that game-theoretic representation of collective-action problems offers a unifying framework, on par with supply and demand, for political economy. Blending in the other developments deepens our micro-level understanding of internal and external contract enforcement, with implications on nonclearing markets, power, and distribution. At the macro level, these concepts illuminate the role of institutions in economic development and long-term growth. Undergraduate curricula should incorporate these new approaches. Journal: The Journal of Economic Education Pages: 31-50 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536488 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536488 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:31-50 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher Clark Author-X-Name-First: Christopher Author-X-Name-Last: Clark Author-Name: Benjamin Scafidi Author-X-Name-First: Benjamin Author-X-Name-Last: Scafidi Author-Name: John R. Swinton Author-X-Name-First: John R. Author-X-Name-Last: Swinton Title: Do Peers Influence Achievement in High School Economics? Evidence from Georgia's Economics End of Course Test Abstract: The authors provide the first estimates of the impact of peers on achievement in high school economics. The estimates are obtained by analyzing three years of data on all high school students who take Georgia's required economics course and its accompanying high-stakes End of Course Test (Georgia Department of Education). They use an instrumental variables approach with teacher-level fixed effects to control for selection bias, simultaneity, measurement error in the measure of peer quality, and nonrandom assignment of teachers to students. The authors find that an increase of one standard deviation in the prior academic achievement of peers increases achievement in economics by 0.03 standard deviation. Journal: The Journal of Economic Education Pages: 3-18 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536486 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536486 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:3-18 Template-Type: ReDIF-Article 1.0 Author-Name: Beth A. Freeborn Author-X-Name-First: Beth A. Author-X-Name-Last: Freeborn Author-Name: Jason P. Hulbert Author-X-Name-First: Jason P. Author-X-Name-Last: Hulbert Title: Persuasive and Informative Advertising: A Classroom Experiment Abstract: The authors outline a pair of classroom activities designed to provide an intuitive foundation to the theoretical introduction of advertising in monopoly markets. The roles of both informative and persuasive advertising are covered. Each student acts as a monopolist and chooses the number of (costly) advertisements and the price. The experiments are intended for intermediate microeconomics or industrial organization courses, but might be used in any course that covers advertising models. Journal: The Journal of Economic Education Pages: 51-59 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536489 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536489 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:51-59 Template-Type: ReDIF-Article 1.0 Author-Name: Sylvia Maxfield Author-X-Name-First: Sylvia Author-X-Name-Last: Maxfield Title: Teaching Economics to Business Students through the Lens of Corporate Social Responsibility and Sustainability Abstract: Corporate “social-issues management” courses are often taught without in-depth reference to economics, but they afford an opportunity both to review ground-level microeconomics issues including pricing and profit maximization under different market structures and to introduce more advanced topics such as externalities, introductory game theory, information asymmetry, antitrust law, and network and innovation economics. In a corporate social-issues management course grounded in economics, these concepts can be taught hand-in-glove with their relevance to the practice of corporate citizenship and sustainability. Journal: The Journal of Economic Education Pages: 60-69 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536490 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536490 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:60-69 Template-Type: ReDIF-Article 1.0 Author-Name: Jay R. Corrigan Author-X-Name-First: Jay R. Author-X-Name-Last: Corrigan Title: The Pollution Game: A Classroom Game Demonstrating the Relative Effectiveness of Emissions Taxes and Tradable Permits Abstract: This classroom game illustrates the strengths and weaknesses of various regulatory frameworks aimed at internalizing negative externalities from pollution. Specifically, the game divides students into three groups—a government regulatory agency and two polluting firms—and allows them to work through a system of uniform command-and-control regulation, a tradable emissions permit framework, and an emissions tax. Students observe how flexible, market-oriented regulatory frameworks can outperform inflexible command-and-control. More important, given the ongoing debate about how best to regulate carbon dioxide emissions, students also can observe how the introduction of abatement-cost uncertainty can cause one market-oriented solution to outperform another. Journal: The Journal of Economic Education Pages: 70-78 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536491 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536491 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:70-78 Template-Type: ReDIF-Article 1.0 Author-Name: Maroš Servátka Author-X-Name-First: Maroš Author-X-Name-Last: Servátka Author-Name: George Theocharides Author-X-Name-First: George Author-X-Name-Last: Theocharides Title: Understanding Credit Risk: A Classroom Experiment Abstract: This classroom experiment introduces students to the notion of credit risk and expected return, by allowing them to trade on comparable corporate bond issues from two types of markets: investment-grade and high-yield markets. Investment-grade issues have a lower probability of default than high-yield issues and thus provide a lower yield. Participants can earn money in three ways: from coupon payments, from the face value of the bond, and by capital gains. While participating in an experiment, students learn about the notion of risk and return, how credit risk affects bond prices, the movement of bond prices through time, and other general characteristics of the bond markets. Journal: The Journal of Economic Education Pages: 79-86 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536492 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536492 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:79-86 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Duval-Hernández Author-X-Name-First: Robert Author-X-Name-Last: Duval-Hernández Author-Name: F. Alejandro Villagómez Author-X-Name-First: F. Alejandro Author-X-Name-Last: Villagómez Title: Trends and Characteristics of Economics Degrees in a Developing Country: The Case of Mexico Abstract: This article documents trends in enrollment in undergraduate economics programs in Mexico in 1970--2007 and discusses the characteristics of the programs—particularly the typical curriculum and graduation requirements—and the entry of graduates into the job market. Recent data show a pattern in enrollment rates surprisingly similar to those of developed countries. First-year enrollment has been decreasing relative to enrollment in other undergraduate programs, mostly because of the rise of substitute majors. This confirms a declining trend observed in the developed world. In contrast to other developed countries, Mexico has seen a steady increase in the participation of women, who currently represent more than 40 percent of total enrollment in economics programs. This trend is not exclusive to economics, but is similar to the average enrollment of women in other majors. Journal: The Journal of Economic Education Pages: 87-94 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2011.536493 File-URL: http://hdl.handle.net/10.1080/00220485.2011.536493 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:87-94 Template-Type: ReDIF-Article 1.0 Author-Name: John Gilbert Author-X-Name-First: John Author-X-Name-Last: Gilbert Author-Name: Reza Oladi Author-X-Name-First: Reza Author-X-Name-Last: Oladi Title: Excel Models for International Trade Theory and Policy: An Online Resource Abstract: URL: ht tp://sites.google.com/site/jgilberteconomics/Home/excel/ Journal: The Journal of Economic Education Pages: 95-95 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220481003727472 File-URL: http://hdl.handle.net/10.1080/00220481003727472 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:95-95 Template-Type: ReDIF-Article 1.0 Author-Name: Roger B. Butters Author-X-Name-First: Roger B. Author-X-Name-Last: Butters Title: Online Student Competitions in Economics Abstract: URL: http://www.econchallenge.org/ Journal: The Journal of Economic Education Pages: 96-96 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220481003727464 File-URL: http://hdl.handle.net/10.1080/00220481003727464 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:96-96 Template-Type: ReDIF-Article 1.0 Author-Name: Steven A. Greenlaw Author-X-Name-First: Steven A. Author-X-Name-Last: Greenlaw Title: Augmenting Teaching and Learning with Social Software Abstract: URL: http://atlss.umwblogs.org/ Journal: The Journal of Economic Education Pages: 97-97 Issue: 1 Volume: 42 Year: 2011 Month: 1 X-DOI: 10.1080/00220485.2010.500565 File-URL: http://hdl.handle.net/10.1080/00220485.2010.500565 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:1:p:97-97 Template-Type: ReDIF-Article 1.0 Author-Name: Paul W. Grimes Author-X-Name-First: Paul W. Author-X-Name-Last: Grimes Author-Name: Meghan J. Millea Author-X-Name-First: Meghan J. Author-X-Name-Last: Millea Title: Economic Education in Post-Soviet Russia: The Effectiveness of the Training of Trainers Program Abstract: The authors examined the Council for Economic Education's Training of Trainers program's effectiveness in post-Soviet Russia by evaluating teacher and student learning. The authors employed a randomization of teachers across treatment and control groups at two separate stages of the research design and found that participation in the workshop delivered by native Russian trainers improved teachers' Test of Economic Literacy scores by approximately 10 percent, when they held all else constant. The authors also found that student learning was greater for students who were taught by teachers trained by program graduates, ceteris paribus. When the workshop's impacts were further examined, the authors found that pedagogy and materials had a statistically significant impact of substantive magnitude on student learning. This result indicates that additional research is needed to determine the cost-effectiveness of teacher training versus curriculum distribution. Journal: The Journal of Economic Education Pages: 99-119 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555693 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555693 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:99-119 Template-Type: ReDIF-Article 1.0 Author-Name: Robert L. Moore Author-X-Name-First: Robert L. Author-X-Name-Last: Moore Title: The Effect of Group Composition on Individual Student Performance in an Introductory Economics Course Abstract: What is the best way to allocate students to small teams in those economics courses that rely on small group work to enhance individual student learning? While experts in collaborative learning provide many suggestions, little empirical work has been done. This article begins to fill the gap. It examines whether a variety of characteristics of the small semipermanent team to which an introductory economics student was randomly assigned affect the student's performance on the identical final exam in eight sections of a principles course over three years, holding individual student characteristics the same. The empirical results suggest that peer effects from such group characteristics have weak or negligible effects and do not support the experts' general advice on how to form teams. A few other perhaps surprising results emerged. Journal: The Journal of Economic Education Pages: 120-135 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555694 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555694 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:120-135 Template-Type: ReDIF-Article 1.0 Author-Name: Brendan Kennelly Author-X-Name-First: Brendan Author-X-Name-Last: Kennelly Author-Name: John Considine Author-X-Name-First: John Author-X-Name-Last: Considine Author-Name: Darragh Flannery Author-X-Name-First: Darragh Author-X-Name-Last: Flannery Title: Online Assignments in Economics: A Test of Their Effectiveness Abstract: This article compares the effectiveness of online and paper-based assignments and tutorials using summative assessment results. All of the students in a large managerial economics course at National University of Ireland, Galway were asked to do six assignments online using Aplia and to do two on paper. The authors examined whether a student's performance on a particular section of the exam is affected (1) by how he or she performed on the corresponding assignment and (2) by whether the student completed the corresponding assignment on paper or online. Our results provide little evidence that a student's performance on an assignment helps him or her perform better on the corresponding section of the exam. We also found little evidence that the way in which one completes an assignment-on paper or online-has an effect on how one performs on a particular section of the exam. Journal: The Journal of Economic Education Pages: 136-146 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555696 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555696 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:136-146 Template-Type: ReDIF-Article 1.0 Author-Name: Ben Miller Author-X-Name-First: Ben Author-X-Name-Last: Miller Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Oh, the Economics You'll Find in Dr. Seuss! Abstract: The authors list economic concepts and issues covered in the children's books published by Theodor Geisel and discuss his treatment of concepts that appear most often and that are treated in greater depth. Some concepts are sophisticated and taught as formal concepts only in college-level economics courses. Others are basic and used in economics units for elementary classrooms. Literature searches reveal only limited coverage of the topics and works presented. The present authors show that a much wider range of material on economic concepts is available in the Seuss canon and argue that these passages offer good teaching tools for both undergraduate and precollege classes. Using books that many students read as children or that their parents read to them makes economics more memorable and accessible. Journal: The Journal of Economic Education Pages: 147-167 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555717 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555717 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:147-167 Template-Type: ReDIF-Article 1.0 Author-Name: J. Patrick Meister Author-X-Name-First: J. Patrick Author-X-Name-Last: Meister Title: A Bluff-Bidding Exercise Abstract: Consider an auction in which one potential buyer wishes to participate, but the other potential buyer would rather the bidding not start. However, once bidding starts, the reluctant firm participates (submits "bluff bids") simply to make the eventual winner pay more. This incentive exists when the marginal effect of the winning bid is to increase a rival's profit. In 2004, AT&T Wireless placed itself for sale in an English auction. Some predicted Vodafone would make bluff bids (to make Cingular pay more. Students experience this sort of activity in the game that this article describes. Students also learn that bluff bidding affects profits of the firms involved and therefore has important implications for stock prices of participating firms. Journal: The Journal of Economic Education Pages: 168-174 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555719 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555719 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:168-174 Template-Type: ReDIF-Article 1.0 Author-Name: Robert H. Scott Author-X-Name-First: Robert H. Author-X-Name-Last: Scott Title: Tableau Économique: Teaching Economics with a Tablet Computer Abstract: The typical method of instruction in economics is chalk and talk. Economics courses often require writing equations and drawing graphs and charts, which are all best done in freehand. Unlike static PowerPoint presentations, tablet computers create dynamic nonlinear presentations. Wireless technology allows professors to write on their tablets and project their notes to students while walking around their classrooms. Professors can save their handwritten notes with narration and distribute them electronically. This short article introduces economics professors to some ways in which they can use tablets to enhance their teaching. Journal: The Journal of Economic Education Pages: 175-180 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555720 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555720 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:175-180 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos Rodríguez Braun Author-X-Name-First: Carlos Rodríguez Author-X-Name-Last: Braun Title: Capitalism in Six Westerns by John Ford Abstract: The economic and institutional analysis of capitalism can be illustrated through John Ford's Westerns. This article focuses on six classics by Ford that show the move toward modern order, the creation of a new society, and the rule of law. Economic features are pervading, from property rights and contracts to markets, money, and trade. Ford has been depicted as a radical critic of capitalism, but his views prove to be more subtle, and they present the ingredients of capitalism in a prepolitical world, a world with private settlers aiming to build new communities in a hostile environment, frequently with no political institutions apart from the Army and where civil society-or pre--civil society-dominated. Journal: The Journal of Economic Education Pages: 181-194 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555721 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555721 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:181-194 Template-Type: ReDIF-Article 1.0 Author-Name: Steven C. Myers Author-X-Name-First: Steven C. Author-X-Name-Last: Myers Author-Name: Michael A. Nelson Author-X-Name-First: Michael A. Author-X-Name-Last: Nelson Author-Name: Richard W. Stratton Author-X-Name-First: Richard W. Author-X-Name-Last: Stratton Title: Assessment of the Undergraduate Economics Major: A National Survey Abstract: Economics departments are faced with growing demands to document what their graduates have learned on completion of the undergraduate major. The results of a national survey of economics department chairs in the United States reveal that nearly two-thirds of the departments have a formal assessment plan. There is substantial agreement on the most important student-learning outcomes, which are consistent with the Hansen proficiencies. The most common approaches that departments employ to measure learning outcomes are course-embedded assessments and senior exit surveys. Capstone courses and senior projects as program assessment methods are most common in departments that are not in business schools and are without doctoral programs. Finally, more than half of the departments have adjusted their curriculum based on the results of their own assessment plans. Journal: The Journal of Economic Education Pages: 195-199 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555722 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555722 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:195-199 Template-Type: ReDIF-Article 1.0 Author-Name: Roger B. Butters Author-X-Name-First: Roger B. Author-X-Name-Last: Butters Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Title: A Survey of Economic Understanding in U.S. High Schools Abstract: The recent widespread adoption of online competitions in economic education provides a unique opportunity to make frequent assessments of economic literacy in U.S. classrooms. In this survey, student responses to test items from the Test of Economic Literacy (TEL) are used to create economic concept and content area achievement benchmarks. These benchmarks provide an interim renorming of the TEL and allow the authors to gauge the status of economic understanding among high school students. The data also allow the authors to compare learning outcomes between regular and advanced economics classes. Finally, the authors find that students in advanced economics classes significantly outperform students in regular classes. Journal: The Journal of Economic Education Pages: 200-205 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2011.555723 File-URL: http://hdl.handle.net/10.1080/00220485.2011.555723 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:200-205 Template-Type: ReDIF-Article 1.0 Author-Name: Jens Peter Siebel Author-X-Name-First: Jens Peter Author-X-Name-Last: Siebel Title: Slutsky and Hicks Decompositions in a Java Applet Journal: The Journal of Economic Education Pages: 206-206 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2010.500563 File-URL: http://hdl.handle.net/10.1080/00220485.2010.500563 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:206-206 Template-Type: ReDIF-Article 1.0 Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Author-Name: Linda S. Ghent Author-X-Name-First: Linda S. Author-X-Name-Last: Ghent Author-Name: Misty Stone Author-X-Name-First: Misty Author-X-Name-Last: Stone Title: TV for Economics Journal: The Journal of Economic Education Pages: 207-207 Issue: 2 Volume: 42 Year: 2011 Month: 6 X-DOI: 10.1080/00220485.2010.548229 File-URL: http://hdl.handle.net/10.1080/00220485.2010.548229 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:207-207 Template-Type: ReDIF-Article 1.0 Author-Name: Pablo Calafiore Author-X-Name-First: Pablo Author-X-Name-Last: Calafiore Author-Name: Damian S. Damianov Author-X-Name-First: Damian S. Author-X-Name-Last: Damianov Title: The Effect of Time Spent Online on Student Achievement in Online Economics and Finance Courses Abstract: This article studies the determinants of academic achievement in online courses in economics and finance. The authors use the online tracking feature in Blackboard (Campus Edition) to retrieve the real time that each student spent in the course for the entire semester and to analyze the impact of time spent online, prior grade point average (GPA), and some demographic characteristics of students on their final grades. Both time and GPA are significant determinants of the final grade: Higher GPAs and longer times spent online are associated with higher grades. Journal: The Journal of Economic Education Pages: 209-223 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581934 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581934 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:209-223 Template-Type: ReDIF-Article 1.0 Author-Name: Dieter Balkenborg Author-X-Name-First: Dieter Author-X-Name-Last: Balkenborg Author-Name: Todd Kaplan Author-X-Name-First: Todd Author-X-Name-Last: Kaplan Author-Name: Timothy Miller Author-X-Name-First: Timothy Author-X-Name-Last: Miller Title: Teaching Bank Runs with Classroom Experiments Abstract: Once relegated to cinema or history lectures, bank runs have become a modern phenomenon that captures the interest of students. In this article, the authors explain a simple classroom experiment based on the Diamond-Dybvig model (1983) to demonstrate how a bank run—a seemingly irrational event—can occur rationally. They then present possible topics for discussion including various ways to prevent bank runs and moral hazard. Journal: The Journal of Economic Education Pages: 224-242 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581936 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581936 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:224-242 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy Carson Author-X-Name-First: Nancy Author-X-Name-Last: Carson Author-Name: Panagiotis Tsigaris Author-X-Name-First: Panagiotis Author-X-Name-Last: Tsigaris Title: Illustrating Environmental Issues by Using the Production-Possibility Frontier: A Classroom Experiment Abstract: The authors develop a new classroom experimental game to illustrate environmental issues by using the production-possibility frontier in an introductory economics course. Waste evolves as a byproduct of the production of widgets. Environmental cleanup is produced by reallocating scarce resources away from the production of the dirty good. In addition to the description of the game and classroom discussion, the authors illustrate how the students’ experience with the game can be used as the basis for exercises on production decisions and environmental regulation. Journal: The Journal of Economic Education Pages: 243-254 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581940 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581940 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:243-254 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Beckman Author-X-Name-First: Steven Author-X-Name-Last: Beckman Author-Name: Lanxin Chen Author-X-Name-First: Lanxin Author-X-Name-Last: Chen Author-Name: Greg DeAngelo Author-X-Name-First: Greg Author-X-Name-Last: DeAngelo Author-Name: W. James Smith Author-X-Name-First: W. James Author-X-Name-Last: Smith Author-Name: Xieting Zhang Author-X-Name-First: Xieting Author-X-Name-Last: Zhang Title: Microeconomics and Psychology Abstract: Psychologists such as the Nobel Prize--winner Daniel Kahneman challenge the major assumptions of microeconomics: the rational pursuit of self-interest given unchanging tastes. One may explore these issues through a questionnaire that may be distributed in class. How many of your students behave as the psychologists predict? Should economists adapt their theories of the market to reflect their findings? Prospect theory, changes in reference points, fairness, framing effects, loss aversion, the ultimatum game, herding, context dependence, the dictator game, preference reversals and the structure of the human brain are all illustrated through simple questions. The body of this article connects the questions to the literature and introduces the debates between economists and psychologists. Journal: The Journal of Economic Education Pages: 255-269 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581943 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581943 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:255-269 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991--2010 Abstract: The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2009--10. Journal: The Journal of Economic Education Pages: 270-274 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581946 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581946 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:270-274 Template-Type: ReDIF-Article 1.0 Author-Name: Kevin J. Mumford Author-X-Name-First: Kevin J. Author-X-Name-Last: Mumford Author-Name: Matthew W. Ohland Author-X-Name-First: Matthew W. Author-X-Name-Last: Ohland Title: Student Performance in Undergraduate Economics Courses Abstract: Using undergraduate student records from six large public universities from 1990 to 2003, the authors analyze the characteristics and performance of students by major in two economics courses: Principles of Microeconomics and Intermediate Microeconomics. This article documents important differences across students by major in the principles course and compares these students to those who graduate with a major in economics. The data indicate that about two thirds of students who graduate with a major in economics declared their major sometime after completing the Principles of Microeconomics course. The article documents differences in characteristics and performance for economics graduates who started as engineering, math, or physics majors as compared to business or economics majors. The authors also examine whether starting in one of the more math-intensive majors of engineering, math, or physics improves student performance in intermediate microeconomics if performance in the principles course was good. Journal: The Journal of Economic Education Pages: 275-282 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581949 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:275-282 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: Results from a Faculty Development Program in Teaching Economics Abstract: The Teaching Innovations Program (TIP) was a six-year project funded by the National Science Foundation that gave economics instructors the opportunity to learn interactive teaching strategies for use in undergraduate economics courses. TIP participants first attended a teaching workshop that presented various teaching strategies. They then could enroll in a follow-up program of online instruction and mentoring to learn more about one or two teaching strategies. TIP participants also had the opportunity to engage in the scholarship of teaching and learning economics to share their work. A retrospective survey was administered to the participants after attending the program to obtain a longitudinal assessment of TIP. This article presents the overall survey findings and discusses the results from each TIP phase (workshop, online instruction, and scholarship). Journal: The Journal of Economic Education Pages: 283-293 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581950 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581950 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:283-293 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Author-Name: Georg Schaur Author-X-Name-First: Georg Author-X-Name-Last: Schaur Title: Teaching and Assessment Methods in Undergraduate Economics: A Fourth National Quinquennial Survey Abstract: Surveys in 1995, 2000, 2005, and 2010 investigated teaching and assessment methods in different undergraduate courses. In this article, the authors offer basic results from the 2010 survey. “Chalk and talk” remains the dominant teaching style, but there were drops in mean (although not median) values for those pedagogies and some growth in the use of other methods, including class discussion and computer-generated displays. More instructors provided students with problem sets and class notes, and computer lab assignments were increasingly common in econometrics and statistics courses. Experiments are occasionally used in introductory courses but almost never used in other courses. Calculus is not viewed as important by a majority of instructors in any courses but is considered more important in intermediate theory and statistics and econometrics courses. Journal: The Journal of Economic Education Pages: 294-309 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581956 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581956 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:294-309 Template-Type: ReDIF-Article 1.0 Author-Name: Philip E. Graves Author-X-Name-First: Philip E. Author-X-Name-Last: Graves Author-Name: Robert L. Sexton Author-X-Name-First: Robert L. Author-X-Name-Last: Sexton Author-Name: Lauren M. Calimeris Author-X-Name-First: Lauren M. Author-X-Name-Last: Calimeris Title: The Educational Choice Anomaly for Principles Students: Using Ordinary Supply and Demand Rather than Indifference Curves Abstract: The surprise value of many economic observations makes the economics discipline quite interesting for many students. One such anomaly is that providing “free” education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This result is easy to show with indifference curves, but many instructors of introductory courses do not introduce this analytical technique. As a consequence, a result that many students find quite interesting is seldom presented. The authors show that it is easy to clarify the educational choice anomaly with ordinary supply and demand curves. Moreover, the exercise of doing so provides students with a greater understanding of benefit/cost analysis as well as consumer and producer surplus. Journal: The Journal of Economic Education Pages: 310-314 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581959 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581959 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:310-314 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Gärtner Author-X-Name-First: Manfred Author-X-Name-Last: Gärtner Author-Name: Björn Griesbach Author-X-Name-First: Björn Author-X-Name-Last: Griesbach Author-Name: Florian Jung Author-X-Name-First: Florian Author-X-Name-Last: Jung Author-Name: Andreas Kleiner Author-X-Name-First: Andreas Author-X-Name-Last: Kleiner Title: An Interactive Primer on the Macroeconomics of Financial Crises Journal: The Journal of Economic Education Pages: 315-315 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581963 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581963 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:315-315 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Gillis Author-X-Name-First: Mark Author-X-Name-Last: Gillis Author-Name: Andrea Craig Author-X-Name-First: Andrea Author-X-Name-Last: Craig Title: Interactive Demonstration of Optimal Insurance Model Journal: The Journal of Economic Education Pages: 316-316 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581965 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581965 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:316-316 Template-Type: ReDIF-Article 1.0 Author-Name: Linda S. Ghent Author-X-Name-First: Linda S. Author-X-Name-Last: Ghent Author-Name: Alan Grant Author-X-Name-First: Alan Author-X-Name-Last: Grant Author-Name: George Lesica Author-X-Name-First: George Author-X-Name-Last: Lesica Title: The Economics of Seinfeld Journal: The Journal of Economic Education Pages: 317-318 Issue: 3 Volume: 42 Year: 2011 Month: 7 X-DOI: 10.1080/00220485.2011.581967 File-URL: http://hdl.handle.net/10.1080/00220485.2011.581967 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:3:p:317-318 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew M. Gill Author-X-Name-First: Andrew M. Author-X-Name-Last: Gill Author-Name: Chiara Gratton-Lavoie Author-X-Name-First: Chiara Author-X-Name-Last: Gratton-Lavoie Title: Retention of High School Economics Knowledge and the Effect of the California State Mandate Abstract: The authors extend the literature on the efficacy of high school economics instruction in two directions. First, they assess how much economic knowledge that California students acquired in their compulsory high school course is retained on their entering college. Second, using as a control group some college students from the state of Washington, where there is no mandate for high school economics instruction, the authors evaluate the impact of California's high school economics mandate on students’ economic literacy when they enter college. The testing instrument is the Test of Economic Literacy (TEL). Journal: The Journal of Economic Education Pages: 319-337 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606083 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606083 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:319-337 Template-Type: ReDIF-Article 1.0 Author-Name: Lanier Nalley Author-X-Name-First: Lanier Author-X-Name-Last: Nalley Author-Name: Andrew McKenzie Author-X-Name-First: Andrew Author-X-Name-Last: McKenzie Title: How Much is That Exam Grade Really Worth? An Estimation of Student Risk Aversion to Their Unknown Final College Course Grades Abstract: This study created an experimental design with which students can empirically assess their risk behavior with respect to exam grades within an expected utility framework. Specifically, the authors analyzed students’ risk preferences associated with taking exams and earning a “risky” unknown grade versus not taking exams and instead obtaining a “sure” grade. Students have grade-choice decisions in nonhypothetical situations that impact their actual exam grades. Estimates indicate that the more risk-averse a student is, the more willing he or she is to accept a lower certain grade and not take an exam than to run the risk of actually taking it. We believe that this experimental setup and its binding results make it an easy but effective way of teaching the obtuse concept of risk aversion. Journal: The Journal of Economic Education Pages: 338-353 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606085 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606085 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:338-353 Template-Type: ReDIF-Article 1.0 Author-Name: Lynne Y. Lewis Author-X-Name-First: Lynne Y. Author-X-Name-Last: Lewis Title: A Virtual Field Trip to the Real World of Cap and Trade: Environmental Economics and the EPA SO2 Allowance Auction Abstract: In the spring of 2001, Bates College Environmental Economics classes bought their first sulfur dioxide emissions allowance at U.S. Environmental Protection Agency's annual auction, then conducted by the Chicago Board of Trade. In the spring of 2010, they bought their 22nd through 34th allowances. This article describes a three-part method for teaching the theory and practice of tradable pollution allowances or cap and trade. Experiential learning allows for theoretical economic concepts to become engrained in a deeper way via hands-on experience. Assessment through student surveys suggests that students do solidify their knowledge of complex concepts such as discounting and efficient allowance prices with trading via this three-part technique. Journal: The Journal of Economic Education Pages: 354-365 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606086 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606086 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:354-365 Template-Type: ReDIF-Article 1.0 Author-Name: Roger B. Butters Author-X-Name-First: Roger B. Author-X-Name-Last: Butters Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Computer Versus Paper Testing in Precollege Economics Abstract: Interest is growing at the precollege level in computer testing (CT) instead of paper-and-pencil testing (PT) for subjects in the school curriculum, including economics. Before economic educators adopt CT, a better understanding of its likely effects on test-taking behavior and performance compared with PT is needed. Using two volunteer student samples of CT and PT test scores collected as part of the field testing and national norming of the Test of Economic Knowledge (Walstad, Rebeck, and Butters 2010), the present authors investigated how CT and PT affect student test responses. The authors found that eighth- and ninth-grade students perform better with CT than PT, that CT has the potential to limit item guessing, and that CT may reduce item bias from the order of item placement on a test. Journal: The Journal of Economic Education Pages: 366-374 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606087 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606087 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:366-374 Template-Type: ReDIF-Article 1.0 Author-Name: Calvin Blackwell Author-X-Name-First: Calvin Author-X-Name-Last: Blackwell Title: Using a Simple Contest to Illustrate Mechanism Design Abstract: This article describes a simple classroom activity that illustrates how economic theory can be used for mechanism design. The rules for a set of contests are presented; the results typically obtained from these contests illustrate how the prize structure can be manipulated in order to produce a particular outcome. Specifically, this activity is designed to show how changing the prize structure can impact both the contestants’ average efforts and the effort level of the hardest-working contestant. The activity can be run in a 50-minute class, has instructions that fit on a single piece of paper, and, although it can be run in large classes, requires only six students. Journal: The Journal of Economic Education Pages: 375-387 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606088 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606088 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:375-387 Template-Type: ReDIF-Article 1.0 Author-Name: Arnaud Buchs Author-X-Name-First: Arnaud Author-X-Name-Last: Buchs Author-Name: Odile Blanchard Author-X-Name-First: Odile Author-X-Name-Last: Blanchard Title: Exploring the Concept of Sustainable Development Through Role-Playing Abstract: The concept of sustainable development is used in everyday life by the general public, alongside researchers, institutions, and private companies. Nevertheless, its definition is far from being unequivocal. Clarifying the outline of the concept seems necessary. We have created a role-play for this purpose. Our article aims at depicting its main features and sequencing. Journal: The Journal of Economic Education Pages: 388-394 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606089 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606089 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:388-394 Template-Type: ReDIF-Article 1.0 Author-Name: Keith Brouhle Author-X-Name-First: Keith Author-X-Name-Last: Brouhle Title: Exploring Strategic Behavior in an Oligopoly Market Using Classroom Clickers Abstract: This article discusses an innovative technique to teach strategic behavior in oligopoly markets. In the classroom exercise, students play the role of a firm that maximizes its profit given the behavior of other firms in the industry. Using classroom clickers to communicate pricing decisions, students explore first-hand the strategic nature of decision-making in an oligopoly market. Students see the diversity of equilibrium outcomes that can be supported in an oligopoly setting and better understand the conditions that lead to one equilibrium over another. The game also illustrates different game theoretic concepts such as the Nash equilibrium (Nash 1950, 1951) and backward induction. The exercise is designed for use in an intermediate microeconomics class, although the technique and exercise could be modified for other courses that examine strategic behavior. Journal: The Journal of Economic Education Pages: 395-404 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606093 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606093 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:395-404 Template-Type: ReDIF-Article 1.0 Author-Name: Judith A. McDonald Author-X-Name-First: Judith A. Author-X-Name-Last: McDonald Author-Name: Robert J. Thornton Author-X-Name-First: Robert J. Author-X-Name-Last: Thornton Title: Estimating Gender Wage Gaps Abstract: Course research projects that use easy-to-access real-world data and that generate findings with which undergraduate students can readily identify are hard to find. The authors describe a project that requires students to estimate the current female-male earnings gap for new college graduates. The project also enables students to see to what extent female-male differences in college majors and types of first jobs affect the gender earnings gap. The data set is the annual salary survey reports of the National Association of Colleges and Employers (NACE) and is available in many colleges’ career placement offices. Moreover, the estimation procedure requires only basic Excel calculations. Journal: The Journal of Economic Education Pages: 405-413 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606094 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606094 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:405-413 Template-Type: ReDIF-Article 1.0 Author-Name: Jose Miguel Abito Author-X-Name-First: Jose Miguel Author-X-Name-Last: Abito Author-Name: Katarina Borovickova Author-X-Name-First: Katarina Author-X-Name-Last: Borovickova Author-Name: Hays Golden Author-X-Name-First: Hays Author-X-Name-Last: Golden Author-Name: Jacob Goldin Author-X-Name-First: Jacob Author-X-Name-Last: Goldin Author-Name: Matthew A. Masten Author-X-Name-First: Matthew A. Author-X-Name-Last: Masten Author-Name: Miguel Morin Author-X-Name-First: Miguel Author-X-Name-Last: Morin Author-Name: Alexandre Poirier Author-X-Name-First: Alexandre Author-X-Name-Last: Poirier Author-Name: Vincent Pons Author-X-Name-First: Vincent Author-X-Name-Last: Pons Author-Name: Israel Romem Author-X-Name-First: Israel Author-X-Name-Last: Romem Author-Name: Tyler Williams Author-X-Name-First: Tyler Author-X-Name-Last: Williams Author-Name: Chamna Yoon Author-X-Name-First: Chamna Author-X-Name-Last: Yoon Title: How Should the Graduate Economics Core be Changed? Abstract: The authors present suggestions by graduate students from a range of economics departments for improving the first-year core sequence in economics. The students identified a number of elements that should be added to the core: more training in building microeconomic models, a discussion of the methodological foundations of model-building, more emphasis on institutions to motivate and contextualize macroeconomic models, and greater focus on econometric practice rather than theory. The authors hope that these suggestions will encourage departments to take a fresh look at the content of the first-year core. Journal: The Journal of Economic Education Pages: 414-417 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.607371 File-URL: http://hdl.handle.net/10.1080/00220485.2011.607371 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:414-417 Template-Type: ReDIF-Article 1.0 Author-Name: Paul V. Hamilton Author-X-Name-First: Paul V. Author-X-Name-Last: Hamilton Title: How Much Should I Save? Optimal Planning by Using Esplanner Basic Journal: The Journal of Economic Education Pages: 418-418 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606084 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606084 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:418-418 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Neumann Author-X-Name-First: Tom Author-X-Name-Last: Neumann Title: Economists from History Talk about Their Lives Journal: The Journal of Economic Education Pages: 419-419 Issue: 4 Volume: 42 Year: 2011 Month: 10 X-DOI: 10.1080/00220485.2011.606091 File-URL: http://hdl.handle.net/10.1080/00220485.2011.606091 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:42:y:2011:i:4:p:419-419 Template-Type: ReDIF-Article 1.0 Author-Name: Oskar R. Harmon Author-X-Name-First: Oskar R. Author-X-Name-Last: Harmon Author-Name: Dan Mercier Author-X-Name-First: Dan Author-X-Name-Last: Mercier Author-Name: Betsy Guala Author-X-Name-First: Betsy Author-X-Name-Last: Guala Author-Name: Margaret Brown Author-X-Name-First: Margaret Author-X-Name-Last: Brown Author-Name: Craig Burdick Author-X-Name-First: Craig Author-X-Name-Last: Burdick Title: Graph Tool Journal: The Journal of Economic Education Pages: 107-108 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636716 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636716 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:107-108 Template-Type: ReDIF-Article 1.0 Author-Name: Humberto Barreto Author-X-Name-First: Humberto Author-X-Name-Last: Barreto Author-Name: Kealoha Widdows Author-X-Name-First: Kealoha Author-X-Name-Last: Widdows Title: Introductory Economics Labs Journal: The Journal of Economic Education Pages: 109-109 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636717 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636717 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:109-109 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Changing the Landscape of Economic Education: An Annual AEA Conference Cosponsored by the Journal of Economic Education Journal: The Journal of Economic Education Pages: 1-3 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636689 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636689 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:1-3 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Author-Name: Roger B. Butters Author-X-Name-First: Roger B. Author-X-Name-Last: Butters Title: The Discouraged-Business-Major Hypothesis Revisited: Could Economics be the Encouraged-Business-Major? Abstract: The term “Discouraged-Business-Major” (DBM) describes students who become discouraged with the rigorous standards of colleges of business and migrate to colleges of arts and sciences to complete a degree in economics under relaxed requirements (Salemi and Eubanks 1996). Following Salemi and Eubanks, the present authors examine a decade of demographic characteristics and ability measures for every economics and business graduate at a large Midwestern university. They find DBMs, but also note that major selection dynamics are much more complex than originally expected. Finally, they employ a multinomial logit model to estimate the marginal effects of student characteristics on major choice. Journal: The Journal of Economic Education Pages: 19-32 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2011.636707 File-URL: http://hdl.handle.net/10.1080/00220485.2011.636707 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:19-32 Template-Type: ReDIF-Article 1.0 Author-Name: Ivo J. M. Arnold Author-X-Name-First: Ivo J. M. Author-X-Name-Last: Arnold Author-Name: Jerry T. Straten Author-X-Name-First: Jerry T. Author-X-Name-Last: Straten Title: Motivation and Math Skills as Determinants of First-Year Performance in Economics Abstract: The importance of math skills for study success in economics has been widely researched. This article adds to the literature by combining information on students’ math skills and their motivation. The authors are thus able to present a rich picture of why students succeed in their study of economics and to confirm previous findings that deficient math preparation bodes ill for first-year study success in economics. However, the authors also find that within the population of math-deficient students, motivation matters. Applying factor analysis to a survey of students at Erasmus School of Economics, the authors identify four motivational factors; among these, intrinsic motivation is most strongly related to first-year study success. The authors also show that intrinsic motivation may help to overcome inadequate preparatory math education. Journal: The Journal of Economic Education Pages: 33-47 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636709 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636709 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:33-47 Template-Type: ReDIF-Article 1.0 Author-Name: Linda K. Carter Author-X-Name-First: Linda K. Author-X-Name-Last: Carter Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Title: In-Class vs. Online Experiments: Is There a Difference? Abstract: Classroom experiments in economics continue to increase in popularity. While early experiments were often hand-run in class, now computerized online experiments are also widely available. Using a quasiexperimental approach, the authors investigated whether any difference in student achievement (as measured by course scores and the Test of Understanding in College Economics (TUCE) (Saunders 1991)) or other outcomes exists between students exposed to experiments in class and students exposed to them online. In this investigation, class sections differed only in the manner through which the experiments were administered: manually in class; or computerized online. The authors found no significant difference in student achievement or overall views of the course or instructor between the two treatments. The authors did, however, find that students exposed to hand-run experiments report more favorable views of the experimental pedagogy and report higher levels of interaction with their classmates. Journal: The Journal of Economic Education Pages: 4-18 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2011.636699 File-URL: http://hdl.handle.net/10.1080/00220485.2011.636699 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:4-18 Template-Type: ReDIF-Article 1.0 Author-Name: Edward Cartwright Author-X-Name-First: Edward Author-X-Name-Last: Cartwright Author-Name: Anna Stepanova Author-X-Name-First: Anna Author-X-Name-Last: Stepanova Title: What do Students Learn from a Classroom Experiment: Not much, Unless they Write a Report on it Abstract: The authors ask whether writing a report on a classroom experiment increases a student's performance in an end-of-course test. To answer this question, the authors analyzed data from a first-year undergraduate course based on classroom experiments and found that writing a report has a large positive benefit. They conclude, therefore, that it is important to constructively integrate classroom experiments with some form of assessment or homework in order to realize the maximum benefit from them. Journal: The Journal of Economic Education Pages: 48-57 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636710 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636710 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:48-57 Template-Type: ReDIF-Article 1.0 Author-Name: Barbara J. Phipps Author-X-Name-First: Barbara J. Author-X-Name-Last: Phipps Author-Name: Robert J. Strom Author-X-Name-First: Robert J. Author-X-Name-Last: Strom Author-Name: William J. Baumol Author-X-Name-First: William J. Author-X-Name-Last: Baumol Title: Principles of Economics Without the Prince of Denmark Abstract: In most introductory textbooks on principles of economics, discussion of the theory or practice of entrepreneurship is almost entirely absent. This omission is striking, given the important role in economic growth that economists assign to the entrepreneur. While there are plausible explanations for this omission, new research suggests the beginnings of a body of formal microtheory on innovative entrepreneurship. In this article, the authors first review treatment of the entrepreneur in the latest editions of three commonly used introductory economics textbooks, each of which includes a substantive discussion of entrepreneurship. Second, the authors present brief overviews of new microtheories of entrepreneurship (Parker 2009; Spulber 2009; and Baumol 2010), each of which has potential to serve as inspiration and to provide a framework for inclusion of entrepreneurship in introductory microtheory. Journal: The Journal of Economic Education Pages: 58-71 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636711 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636711 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:58-71 Template-Type: ReDIF-Article 1.0 Author-Name: Michelle Albert Vachris Author-X-Name-First: Michelle Albert Author-X-Name-Last: Vachris Author-Name: Cecil E. Bohanon Author-X-Name-First: Cecil E. Author-X-Name-Last: Bohanon Title: Using Illustrations from American Novels to Teach about Labor Markets Abstract: This article illustrates how literature can bring models to life in undergraduate courses on labor market economics. The authors argue that economics instructors and students can benefit from even small doses of literature. The authors examine excerpts from five American novels: Sister Carrie by Theodore Drieser (1900/2005); The Grapes of Wrath by John Steinbeck (1939/1967); McTeague: A Story of San Francisco by Frank Norris (1899/2006); Moby Dick by Herman Melville (1852/2003); and Seraph on the Suwanee by Zora Neale Hurston (1948). Examples from these works cover five labor market themes: (1) reservation wages and the supply of labor, (2) surplus labor and low wages, (3) demand for labor and marginal productivity, (4) the economic model of discrimination, and (5) search versus random matching in labor markets (a critique of neoclassical labor theory). Journal: The Journal of Economic Education Pages: 72-82 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636712 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636712 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:72-82 Template-Type: ReDIF-Article 1.0 Author-Name: Brent A. Evans Author-X-Name-First: Brent A. Author-X-Name-Last: Evans Author-Name: Paul W. Grimes Author-X-Name-First: Paul W. Author-X-Name-Last: Grimes Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: What Led Eminent Economists to Become Economists? Abstract: The authors analyze the various factors that highly recognized economists cite as reasons for pursuing a career in economics. They obtained data for 62 of the 67 Nobel Laureates in economics and included another 22 prominent economists who have made significant contributions in economic research. The authors’ basic quest was to discover how these economists first became interested in the subject, but the authors found little uniformity in the responses: No more than 33 percent of the economists indicated the same factor as contributing to their initial interest in economics. Approximately half of the economists entered college without an interest in the subject. The authors’ findings are presented with the intent of informing academic economists and other educators seeking to improve recruitment and mentoring efforts of top students. Journal: The Journal of Economic Education Pages: 83-98 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636713 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636713 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:83-98 Template-Type: ReDIF-Article 1.0 Author-Name: Amy McCormick Diduch Author-X-Name-First: Amy McCormick Author-X-Name-Last: Diduch Title: Using the Consumer Expenditure Survey to Teach Poverty Measurement Abstract: Poverty measurement is often controversial, but good public policy relies crucially on a broadly supported and understood poverty measure. In 2010, the U.S. Census Bureau announced it would begin regular reporting of a new supplemental poverty measure in October 2011. The present article provides background information for a student exercise (available, on request, from the author) on alternative poverty measurement techniques. The exercise allows students to use current data from the Consumer Expenditure Survey (available through the Bureau of Labor Statistics at http://www.bls.gov/cex/; U.S. Department of Labor 2010) and other sources to calculate and compare several absolute and relative poverty thresholds. The exercise invites students to draw their own conclusions about the pros and cons of different measures, including the new supplemental measure. Data sources are easily updated as new information becomes available. Journal: The Journal of Economic Education Pages: 99-106 Issue: 1 Volume: 43 Year: 2012 Month: 1 X-DOI: 10.1080/00220485.2012.636714 File-URL: http://hdl.handle.net/10.1080/00220485.2012.636714 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:1:p:99-106 Template-Type: ReDIF-Article 1.0 Author-Name: Donna B. Gilleskie Author-X-Name-First: Donna B. Author-X-Name-Last: Gilleskie Author-Name: Michael K. Salemi Author-X-Name-First: Michael K. Author-X-Name-Last: Salemi Title: The Cost of Economic Literacy: How Well Does a Literacy-Targeted Principles of Economics Course Prepare Students for Intermediate Theory Courses? Abstract: In a typical economics principles course, students encounter a large number of concepts. In a literacy-targeted course, students study a “short list” of concepts that they can use for the rest of their lives. While a literacy-targeted principles course provides better education for nonmajors, it may place economic majors at a disadvantage in postprinciples courses. In this article, the authors test whether students who completed a literacy-targeted principles course earned intermediate theory grades as high as those of students who completed a traditional principles course. The authors’ findings indicate that students who complete a literacy-targeted principles course perform no worse in intermediate theory courses than students who complete a traditional principles course. Journal: The Journal of Economic Education Pages: 111-132 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.659639 File-URL: http://hdl.handle.net/10.1080/00220485.2012.659639 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:111-132 Template-Type: ReDIF-Article 1.0 Author-Name: Jinsoo Hahn Author-X-Name-First: Jinsoo Author-X-Name-Last: Hahn Author-Name: Kyungho Jang Author-X-Name-First: Kyungho Author-X-Name-Last: Jang Title: The Effects of a Translation Bias on the Scores for the Basic Economics Test Abstract: International comparisons of economic understanding generally require a translation of a standardized test written in English into another language. Test results can differ based on how researchers translate the English written exam into one in their own language. To confirm this hypothesis, two differently translated versions of the Basic Economics Test (BET) (Walstad, Rebeck, and Butters 2010a) were given to elementary school students in Korea. We found the possibility of overestimating or underestimating the levels of economic understanding by various sources of translation bias. Therefore, it is important to carefully interpret the assessment results of international comparisons. Our study is applicable not only to international comparisons of economic literacy but also to any comparison of knowledge across cultures or languages within a country. Journal: The Journal of Economic Education Pages: 133-148 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.659641 File-URL: http://hdl.handle.net/10.1080/00220485.2012.659641 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:133-148 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffrey Parker Author-X-Name-First: Jeffrey Author-X-Name-Last: Parker Title: Does Living Near Classmates Help Introductory Economics Students Get Better Grades? Abstract: This article examines whether first-year students in introductory economics courses get better grades if they have other students in their on-campus residential unit who either are taking the same course or have taken the course in the past. The study uses nine years of data for the introductory economics course at Reed College. The author finds that having dorm mates who are currently taking the class seems to have some benefit for students, but there is no evidence of benefit from having coresident students who have previously completed the class. Journal: The Journal of Economic Education Pages: 149-164 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.659642 File-URL: http://hdl.handle.net/10.1080/00220485.2012.659642 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:149-164 Template-Type: ReDIF-Article 1.0 Author-Name: Dagney Faulk Author-X-Name-First: Dagney Author-X-Name-Last: Faulk Author-Name: Arun K. Srinivasan Author-X-Name-First: Arun K. Author-X-Name-Last: Srinivasan Author-Name: Jon Bingham Author-X-Name-First: Jon Author-X-Name-Last: Bingham Title: Sources of Funding and Academic Performance in Economics Principles Courses Abstract: The authors examine two factors that may affect student achievement in economics principles courses: working for pay and the primary source of funds (employer tuition reimbursement, loans, scholarships, financial aid, self-financing, parental transfers, other) used to pay for college for a sample of students in economics principles classes at a regional, nonresidential public university. After controlling for endogeneity, working for pay has no statistical effect on course performance, but the sources of education funding have differential effects on the course grade, with employer funding having a strong positive and significant influence. Students receiving employer tuition reimbursement score approximately 14 percentage points higher in the course than students funded through parental transfers. Journal: The Journal of Economic Education Pages: 165-181 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.659645 File-URL: http://hdl.handle.net/10.1080/00220485.2012.659645 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:165-181 Template-Type: ReDIF-Article 1.0 Author-Name: Richard Ball Author-X-Name-First: Richard Author-X-Name-Last: Ball Author-Name: Norm Medeiros Author-X-Name-First: Norm Author-X-Name-Last: Medeiros Title: Teaching Integrity in Empirical Research: A Protocol for Documenting Data Management and Analysis Abstract: This article describes a protocol the authors developed for teaching undergraduates to document their statistical analyses for empirical research projects so that their results are completely reproducible and verifiable. The protocol is guided by the principle that the documentation prepared to accompany an empirical research project should be sufficient to allow an independent researcher to replicate easily and exactly every step of the data management and analysis that generated the results reported in a study. The authors hope that requiring students to follow this protocol will not only teach them how to document their research appropriately, but also instill in them the belief that such documentation is an important professional responsibility. Journal: The Journal of Economic Education Pages: 182-189 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.659647 File-URL: http://hdl.handle.net/10.1080/00220485.2012.659647 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:182-189 Template-Type: ReDIF-Article 1.0 Author-Name: Martin P. Shanahan Author-X-Name-First: Martin P. Author-X-Name-Last: Shanahan Author-Name: John K. Wilson Author-X-Name-First: John K. Author-X-Name-Last: Wilson Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: Following Zahka: Using Nobel Prize Winners’ Speeches and Ideas to Teach Economics Abstract: Over 20 years ago, the late William Zahka (1990, 1998) outlined how the acceptance speeches of those who received the Nobel Memorial Prize in Economic Science could be used to teach undergraduates. This article updates and expands Zahka's work, identifying some of the issues discussed by recent Nobel Laureates, classifying their speeches by topic and level of difficulty, and providing some examples of how their work could be integrated into undergraduate courses. Particular examples illustrate how the material might be used in introductory and later courses, and the Laureates’ insights on research are discussed. Journal: The Journal of Economic Education Pages: 190-199 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.660055 File-URL: http://hdl.handle.net/10.1080/00220485.2012.660055 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:190-199 Template-Type: ReDIF-Article 1.0 Author-Name: Mary Mathewes Kassis Author-X-Name-First: Mary Mathewes Author-X-Name-Last: Kassis Author-Name: Denise Hazlett Author-X-Name-First: Denise Author-X-Name-Last: Hazlett Author-Name: Jolanda E. Ygosse Battisti Author-X-Name-First: Jolanda E. Ygosse Author-X-Name-Last: Battisti Title: A Classroom Experiment on Banking Abstract: 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 and bank behavior. The basic experiment can be extended to include the effect of political risk on credit markets. The experiment can be used in principles, intermediate macroeconomics, or money and banking courses with 8--75 students. It takes 50--75 minutes to run, depending on class size, and requires no computers. Journal: The Journal of Economic Education Pages: 200-214 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.660059 File-URL: http://hdl.handle.net/10.1080/00220485.2012.660059 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:200-214 Template-Type: ReDIF-Article 1.0 Author-Name: Mark H. Maier Author-X-Name-First: Mark H. Author-X-Name-Last: Maier Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Title: Starting Point: Pedagogic Resources for Teaching and Learning Economics Abstract: This article describes Starting Point: Teaching and Learning Economics, a Web-based portal that makes innovative pedagogic resources and effective teaching practices easily accessible to economists. Starting Point introduces economists to teaching innovations through 16 online modules, each containing a general description of a specific pedagogic method, theory and evidence supporting effective use of the method, classroom implementation guides, and a library of economics-based examples that illustrate use of the teaching method. In addition, each module includes an online form allowing faculty to contribute their own classroom-based teaching examples to the examples library. Journal: The Journal of Economic Education Pages: 215-220 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.660063 File-URL: http://hdl.handle.net/10.1080/00220485.2012.660063 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:215-220 Template-Type: ReDIF-Article 1.0 Author-Name: Oskar R. Harmon Author-X-Name-First: Oskar R. Author-X-Name-Last: Harmon Author-Name: James Lambrinos Author-X-Name-First: James Author-X-Name-Last: Lambrinos Title: Active-Learning Exercises for Principles of Economics Courses Journal: The Journal of Economic Education Pages: 221-221 Issue: 2 Volume: 43 Year: 2012 Month: 4 X-DOI: 10.1080/00220485.2012.660065 File-URL: http://hdl.handle.net/10.1080/00220485.2012.660065 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:2:p:221-221 Template-Type: ReDIF-Article 1.0 Author-Name: Sharmistha Self Author-X-Name-First: Sharmistha Author-X-Name-Last: Self Title: Studying Absenteeism in Principles of Macroeconomics: Do Attendance Policies Make a Difference? Abstract: The primary objective of this article is to see if and how attendance policy influences class attendance in undergraduate-level principles of macroeconomics classes. The second objective, which is related to the first, is to examine whether the nature of the attendance policy matters in terms of its impact on class attendance behavior. The results provide strong support that having an explicit attendance policy reduces absenteeism. The results relating to the nature of the attendance policy point to the greater effectiveness of a policy that punishes students for missing class rather than one that rewards students for good attendance. Journal: The Journal of Economic Education Pages: 223-234 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686382 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:223-234 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce Ian Carlin Author-X-Name-First: Bruce Ian Author-X-Name-Last: Carlin Author-Name: David T. Robinson Author-X-Name-First: David T. Author-X-Name-Last: Robinson Title: What Does Financial Literacy Training Teach Us? Abstract: The authors use data from a finance-related theme park to explore how financial education changes investment, financing, and consumer behavior. Students were assigned fictitious life situations and asked to create household budgets. Some students received a 19-hour financial literacy curriculum before going to the park, and some did not. After controlling for demographic variables, the authors show that the treatment effects of the financial literacy program are strong. Students were more frugal, delayed gratification, paid off debt faster, and relied less on credit financing after training. Students who attended training showed greater uptake of decision support that was offered in the park, which indicates that decision support and financial literacy training are complements, not substitutes. Journal: The Journal of Economic Education Pages: 235-247 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686385 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:235-247 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Wilbert van der Klaauw Author-X-Name-First: Wilbert Author-X-Name-Last: van der Klaauw Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors? Abstract: Using data collected from graduates who attended four large public universities in 1976, 1986, or 1996, the authors investigate the relationship between studying economics and civic behaviors. They compare students who majored in economics, business, or other majors, and by the number of undergraduate economics courses completed. Coursework is strongly associated with political party affiliation and donating money to candidates or parties, but not with voting in presidential, state, or local elections, nor with the likelihood or intensity of volunteerism. Business majors are less likely to engage in voting and volunteering. More economics coursework is usually associated with attitudes on policy issues closer to those reported in surveys of U.S. economists, while attitudes of business majors are more like those of general majors than economics majors. Journal: The Journal of Economic Education Pages: 248-268 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686389 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:248-268 Template-Type: ReDIF-Article 1.0 Author-Name: Chad Cotti Author-X-Name-First: Chad Author-X-Name-Last: Cotti Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Title: Teaching Economics Using Historical Novels: Jonathan Harr's The Lost Painting Abstract: Undergraduate students are often interested in and benefit greatly from applications of economic principles. Historical novels drawn from real-world situations can engage students with economic concepts in new ways and provide a useful tool to help enhance instruction. In this article, the authors discuss the use of historical novels generally in microeconomics, and examine The Lost Painting, a historical novel by Jonathan Harr (2005), in detail. Topics illustrated in the novel include scarcity, opportunity cost, cost-benefit analysis, tax avoidance, labor market specialization, compensating wage differentials, competition and market structure, pricing, income, and government regulation. The authors include an in-depth description of how to incorporate a historical novel into a microeconomics class and provide some evaluation strategies. Journal: The Journal of Economic Education Pages: 269-281 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686391 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686391 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:269-281 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Symposium on Precollege Teaching of Economics: Introduction Journal: The Journal of Economic Education Pages: 282-282 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686392 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:282-282 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen A. Marglin Author-X-Name-First: Stephen A. Author-X-Name-Last: Marglin Title: Saving the Children—A Rant Abstract: The conception of economics education implicit in the Voluntary National Content Standards in Economics is fundamentally at odds with what ought to be a primary goal of a liberal education: to teach students of all ages to treat all truth as provisional. Articulate the consensus, but also articulate questions about this consensus, questions coming from the very limitations of the consensus. One limitation is what is omitted—pollution is shortchanged, and sustainability gets nary a mention. Another is the retrogression the document reflects (e.g., the standard that interest rates are determined by flows of saving and investment). For 75 years, a better theory has been available—Keynes's General Theory—a cornerstone of which is that interest rates are determined in markets for stocks of financial assets. Journal: The Journal of Economic Education Pages: 283-292 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686393 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686393 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:283-292 Template-Type: ReDIF-Article 1.0 Author-Name: Helen Roberts Author-X-Name-First: Helen Author-X-Name-Last: Roberts Author-Name: Deirdre N. McCloskey Author-X-Name-First: Deirdre N. Author-X-Name-Last: McCloskey Title: What Economics Should We Teach Before College, If Any? Abstract: Economics can be taught much earlier than we usually imagine, as a life skill, with direct experience, from kindergarten on. An experiential, early-grades economics of budgets, buying, and giving-up-to-get may be better than the politically inspired insistence that students get an allegedly healthy dose of free-market ideology just before they are old enough to vote. Journal: The Journal of Economic Education Pages: 293-299 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686396 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686396 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:293-299 Template-Type: ReDIF-Article 1.0 Author-Name: James Gwartney Author-X-Name-First: James Author-X-Name-Last: Gwartney Title: What Should We Be Teaching in Basic Economics Courses? Abstract: Advanced Placement economics leaves thousands of high school students with a misleading impression of modern economics. The courses fail to cover key sources of growth and prosperity, including private ownership, dynamic competition, and entrepreneurship. The tools of public choice economics are totally ignored. Government is modeled as a corrective device available to impose ideal solutions. Market failure is covered, but there is no such thing as government failure. The macroeconomics course reflects the simplistic 1960s Keynesian view of stabilization policy. Time lags, incentive effects, secondary effects of budget deficits, and other factors that complicate effective use of stabilization policy are almost entirely ignored. In contrast, the 20 Voluntary National Content Standards in Economics of the Council for Economic Education illustrate what a balanced course in modern economics would look like. Journal: The Journal of Economic Education Pages: 300-307 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686398 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686398 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:300-307 Template-Type: ReDIF-Article 1.0 Author-Name: Richard A. MacDonald Author-X-Name-First: Richard A. Author-X-Name-Last: MacDonald Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Refreshing the Voluntary National Content Standards in Economics Abstract: The second edition of the Voluntary National Content Standards in Economics was published by the Council for Economic Education in 2010. The authors examine the process for revising these precollege content standards and highlight several changes that appear in the new document. They also review the impact the standards have had on precollege economic education since the original edition was released in 1997, and conclude with their response to comments offered by participants in a January 2012 American Economic Association conference session titled, “What Economics Should We Teach Before Students Enter College? The Voluntary National Content Standards in Economics and the AP.” Journal: The Journal of Economic Education Pages: 308-314 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686779 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686779 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:308-314 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce K. Johnson Author-X-Name-First: Bruce K. Author-X-Name-Last: Johnson Author-Name: John J. Perry Author-X-Name-First: John J. Author-X-Name-Last: Perry Author-Name: Marie Petkus Author-X-Name-First: Marie Author-X-Name-Last: Petkus Title: The Status of Econometrics in the Economics Major: A Survey Abstract: In this article, the authors describe the place of econometrics in undergraduate economics curricula in all American colleges and universities that offer economics majors as listed in the U.S. News & World Report “Best Colleges 2010” guide (U.S. News & World Report 2009). Data come from online catalogs, departmental Web sites, and online course syllabi. About one-third of the schools require econometrics of all students majoring in economics, about half require it of none, and a sixth require it of some, but not all, economics majors. Among universities with economics PhD programs and liberal arts colleges, almost all those ranked in the top 10 require it. Below the top 10, there is little correlation between ranking and econometrics requirements. Liberal arts econometrics classes are much more likely to require research projects than their counterparts in universities. Journal: The Journal of Economic Education Pages: 315-324 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686782 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686782 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:315-324 Template-Type: ReDIF-Article 1.0 Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: How Departments of Economics Evaluate Teaching Abstract: Based on results from a 1999 national survey, William Becker and Michael Watts found that student evaluations of teaching were by far the most widely used, and often the only method used by economics departments, to evaluate teaching in undergraduate economics courses. To investigate whether departments of economics have moved beyond the use of student evaluations of teaching, in 2011 the current authors conducted a national survey of departments based largely on questions used in the 1999 survey. The surveys included items on how courses and teaching are evaluated, and on how that information is used in departmental promotion and salary decisions. Journal: The Journal of Economic Education Pages: 325-333 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686826 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686826 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:325-333 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Two Decades of Trends in Undergraduate Economics Degrees, 1991--2011 Abstract: The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2010 to 2011, growing by an average of 4 percent. Journal: The Journal of Economic Education Pages: 334-338 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686828 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686828 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:334-338 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Title: Economics Course Enrollments in U.S. High Schools Abstract: High school transcript data were used in this study to estimate the percentage of high school graduates who complete an economics course, and to examine course-taking trends in economics from 1982 to 2009. In 2009, 58 percent of high school graduates took an economics course, up from about 45 percent from 1990 to 2005. The increases in economics enrollments over the years included in this study are consistent with the trends in the number of states mandating an economics course to be taken for graduation. Estimated percentages are reported across the demographics of high school students. Enrollments in economics are compared to enrollments in other high school social studies courses. Journal: The Journal of Economic Education Pages: 339-347 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686827 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686827 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:339-347 Template-Type: ReDIF-Article 1.0 Author-Name: James Murray Author-X-Name-First: James Author-X-Name-Last: Murray Title: Pencasts for Introductory Macroeconomics Journal: The Journal of Economic Education Pages: 348-348 Issue: 3 Volume: 43 Year: 2012 Month: 7 X-DOI: 10.1080/00220485.2012.686829 File-URL: http://hdl.handle.net/10.1080/00220485.2012.686829 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:348-348 Template-Type: ReDIF-Article 1.0 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Kevin J. Mumford Author-X-Name-First: Kevin J. Author-X-Name-Last: Mumford Title: Women and the Choice to Study Economics Abstract: Underrepresentation of women in economics is documented in many studies. Investigation of its sources at the undergraduate level is examined through students’ decisions to persist in economics, either beyond an introductory course or in their major choices. The authors add to the literature by analyzing students’ decisions to take their first introductory economics course, an intermediate theory course, and ultimately major in economics, using the Multiple-Institution Database for Investigating Engineering Longitudinal Development. Results indicate that a smaller percentage of women take economics at all levels—introductory courses, theory courses, and majoring in economics. Even after controlling for aptitude, demographic characteristics, prior interest, course performance, environment, and course timing, persistent gender differences in the likelihood of partaking in economic education beyond the introductory course decision endure. Journal: The Journal of Economic Education Pages: 349-362 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714306 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714306 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:349-362 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Brust Author-X-Name-First: Peter Author-X-Name-Last: Brust Author-Name: Vivekanand Jayakumar Author-X-Name-First: Vivekanand Author-X-Name-Last: Jayakumar Title: Introducing Valuation Effects-Based External Balance Analysis into the Undergraduate Macroeconomics Curricula: A Simple Framework with Applications Abstract: Global imbalances and the sustainability of large U.S. current account deficits have dominated international macroeconomics of late. Pedagogically, a clear disconnect exists between graduate-level open-economy macroeconomics that emphasizes intertemporal current account models and net foreign asset adjustment featuring valuation effects, and, undergraduate macroeconomics that is still driven by static analysis of U.S. current account deficits and cursory coverage of valuation-effects-driven external balance adjustment. The authors of this article discuss a simple intertemporal framework, based on modern open-economy macroeconomic models, that emphasizes the significance of valuation effects arising from changes in asset prices and exchange rates. The authors also highlight the relevance of the framework by examining a few topical applications related to prominent puzzles and debates in open-economy macroeconomics. Journal: The Journal of Economic Education Pages: 363-376 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714308 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714308 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:363-376 Template-Type: ReDIF-Article 1.0 Author-Name: Dieter Balkenborg Author-X-Name-First: Dieter Author-X-Name-Last: Balkenborg Author-Name: Todd Kaplan Author-X-Name-First: Todd Author-X-Name-Last: Kaplan Author-Name: Timothy Miller Author-X-Name-First: Timothy Author-X-Name-Last: Miller Title: A Simple Economic Teaching Experiment on the Hold-Up Problem Abstract: The hold-up problem is central to the theory of incomplete contracts. This can occur if, after making a sunk investment in a relationship, one party can be taken advantage of by the other party, leading to inefficient underinvestment. The authors describe a simple teaching experiment that illustrates the hold-up problem, and address how to integrate it into a class. Journal: The Journal of Economic Education Pages: 377-385 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714310 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714310 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:377-385 Template-Type: ReDIF-Article 1.0 Author-Name: Frank R. Gunter Author-X-Name-First: Frank R. Author-X-Name-Last: Gunter Title: A Simple Model of Entrepreneurship for Principles of Economics Courses Abstract: The critical roles of entrepreneurs in creating, operating, and destroying markets, as well as their importance in driving long-term economic growth are still generally either absent from principles of economics texts or relegated to later chapters. The primary difficulties in explaining entrepreneurship at the principles level are the lack of a universally accepted definition, a plausible explanation of the demand for entrepreneurship, and a diagram that summarizes the impact of entrepreneurship on market equilibrium and growth—a definition, a story, and a picture. This article discusses how the notion of the stationary state associated with Schumpeter (1911/1983), Knight (1921/1971), and Weber (1930/2002) can provide a framework for integrating the entrepreneur into the early part of principles of economics courses. Journal: The Journal of Economic Education Pages: 386-396 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714314 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714314 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:386-396 Template-Type: ReDIF-Article 1.0 Author-Name: Michael P. Cameron Author-X-Name-First: Michael P. Author-X-Name-Last: Cameron Title: ‘Economics with Training Wheels’: Using Blogs in Teaching and Assessing Introductory Economics Abstract: Blogs provide a dynamic interactive medium for online discussion, consistent with communal constructivist pedagogy. The author of this article describes and evaluates a blog assignment used in the teaching and assessment of a small (40--60 students) introductory economics course. Using qualitative and quantitative data collected across four semesters, students’ participation in the blog assignment is found to be associated with student ability, gender, and student perceptions of the blog. Importantly, students with past economics experience do not appear to crowd out novice economics students. Student performance is positively associated with the quality of their blog participation after controlling for student ability, suggesting that a focus on quality of student engagement could further improve learning outcomes. Students generally report overall positive experiences with the blog assignment. Journal: The Journal of Economic Education Pages: 397-407 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714316 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714316 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:397-407 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Author-Name: Chineze Christopher Author-X-Name-First: Chineze Author-X-Name-Last: Christopher Title: Using Art (Paintings, Drawings, and Engravings) to Teach Economics Abstract: The authors provide a brief review of how economists have dealt with art in their research and more popular writings, and then consider the case that has been made for using art and other visual materials in general education and—in very few cases—to teach economics. A new Web site on Art and Economics is introduced that makes it easier for economics instructors to find and use art with their students. They discuss several different ways of using the art in classes, and provide a table with over 50 paintings from the Introduction slide show at the Web site to illustrate the range of economic concepts and issues that can be taught with art. Journal: The Journal of Economic Education Pages: 408-422 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714317 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714317 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:408-422 Template-Type: ReDIF-Article 1.0 Author-Name: J. Brian O’Roark Author-X-Name-First: J. Brian Author-X-Name-Last: O’Roark Title: Does Economic Education Make a Difference in Congress? How Economics Majors Vote on Trade Abstract: The author of this article expands the background theory of voting to incorporate the undergraduate majors of members of Congress. Examining nine votes on trade across the 109th and 110th Congresses reveals that economics majors are the only category of college major to vote in favor of free trade in a predictable way. Controls for a variety of factors including ideology, race, campaign contributions, and the inclusion of votes specifically on Cuba fail to diminish the effect. While economics majors are more likely to take a free trade position, not every vote that presupposes a free trade outcome is supported by economics majors. On the issue of sugar subsidies, being an economics major does not influence the direction of a congressional member's vote. Journal: The Journal of Economic Education Pages: 423-439 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714319 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714319 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:423-439 Template-Type: ReDIF-Article 1.0 Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Title: Econ 1-0-What? Journal: The Journal of Economic Education Pages: 440-440 Issue: 4 Volume: 43 Year: 2012 Month: 10 X-DOI: 10.1080/00220485.2012.714322 File-URL: http://hdl.handle.net/10.1080/00220485.2012.714322 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:43:y:2012:i:4:p:440-440 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Author-Name: Kevin Ward Author-X-Name-First: Kevin Author-X-Name-Last: Ward Author-Name: Justin Folsom Author-X-Name-First: Justin Author-X-Name-Last: Folsom Author-Name: Teresa Borrenpohl Author-X-Name-First: Teresa Author-X-Name-Last: Borrenpohl Author-Name: Sophie Mumford Author-X-Name-First: Sophie Author-X-Name-Last: Mumford Author-Name: Zach Pershin Author-X-Name-First: Zach Author-X-Name-Last: Pershin Author-Name: Danielle Carriere Author-X-Name-First: Danielle Author-X-Name-Last: Carriere Author-Name: Heather Smart Author-X-Name-First: Heather Author-X-Name-Last: Smart Title: Cheap and Effective: The Impact of Student-Led Recitation Classes on Learning Outcomes in Introductory Economics Abstract: The authors examine the impacts of enrollment in a voluntary one-credit recitation class for ECON 101 students, focusing on course grades, course retention, and outcomes in later economics courses. The recitation classes were taught by undergraduate peer leaders with experience in upper-level microeconomics. Instead of being paid, the peer leaders enrolled in a three-credit course focused on examining research on economics pedagogy. After controlling for students’ academic, demographic, and work-related characteristics, the authors’ estimates indicate that recitation class students earned higher final grades than their ECON 101 counterparts. Additionally, although they were weaker students based on their ACT scores, those who enrolled in the recitation class were no more likely to drop ECON 101 than their counterparts who did not enroll in the recitation class. Journal: The Journal of Economic Education Pages: 1-16 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740368 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740368 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad M. Islam Author-X-Name-First: Muhammad M. Author-X-Name-Last: Islam Author-Name: Faridul Islam Author-X-Name-First: Faridul Author-X-Name-Last: Islam Title: Economic Education and Student Performance in the Business Discipline: Implications for Curriculum Planning Abstract: The authors conducted an empirical examination of the relationship between extra-normal ability (inability) in principles of economics courses and student performance in the various areas of the business discipline such as finance, marketing, management, and accounting. Extra-normal ability is defined as the part of an economics grade that cannot be explained by a student's general academic ability. The authors found the relationships to be disparate. Performances in finance and management were found to be related to extra-normal ability in both micro- and macroeconomic principles; for marketing, performance was found to be related only to microeconomics, and it was found to be unrelated in accounting and economics principles. The authors argue that effective curriculum designs should involve variation of economics emphasis across the different business concentrations. Journal: The Journal of Economic Education Pages: 17-31 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740377 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740377 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:17-31 Template-Type: ReDIF-Article 1.0 Author-Name: Joaquín Artés Author-X-Name-First: Joaquín Author-X-Name-Last: Artés Author-Name: Marta Rahona Author-X-Name-First: Marta Author-X-Name-Last: Rahona Title: Experimental Evidence on the Effect of Grading Incentives on Student Learning in Spain Abstract: In this article, the authors aim to identify the causal effect of the use of graded problem sets on academic performance of Spanish students. The identification strategy relies on an experiment in which the authors exploit variation arising from observing the performance of nearly 300 students taking the same class during the same semester and with the same instructors. Academic performance is measured through a multiple choice final exam in which some questions are related to graded problem sets and others are related to non-graded problem sets given through the semester. After accounting for potential biases and selection concerns, the results show that graded problem sets increase test scores by eight percentage points, or close to a letter grade. Journal: The Journal of Economic Education Pages: 32-46 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740387 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740387 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:32-46 Template-Type: ReDIF-Article 1.0 Author-Name: Carl T. Bergstrom Author-X-Name-First: Carl T. Author-X-Name-Last: Bergstrom Author-Name: Theodore C. Bergstrom Author-X-Name-First: Theodore C. Author-X-Name-Last: Bergstrom Author-Name: Rodney J. Garratt Author-X-Name-First: Rodney J. Author-X-Name-Last: Garratt Title: Choosing Partners: A Classroom Experiment Abstract: The authors describe a classroom experiment designed to present the idea of two-sided matching, the concept of a stable assignment, and the Gale-Shapley deferred-acceptance mechanism. Participants need no prior training in economics or game theory, but the exercise will also interest trained economists and game theorists. Journal: The Journal of Economic Education Pages: 47-57 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740391 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740391 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:47-57 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Norman Author-X-Name-First: Stephen Author-X-Name-Last: Norman Author-Name: Jonathan Schlaudraff Author-X-Name-First: Jonathan Author-X-Name-Last: Schlaudraff Author-Name: Karianne White Author-X-Name-First: Karianne Author-X-Name-Last: White Author-Name: Douglas Wills Author-X-Name-First: Douglas Author-X-Name-Last: Wills Title: Deriving the Dividend Discount Model in the Intermediate Microeconomics Class Abstract: In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in obtaining one of the first stock valuation models used in basic finance. Journal: The Journal of Economic Education Pages: 58-63 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740397 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740397 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:58-63 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Van Horn Author-X-Name-First: Robert Author-X-Name-Last: Van Horn Author-Name: Monica Van Horn Author-X-Name-First: Monica Author-X-Name-Last: Van Horn Title: What Would Adam Smith Have on His iPod? Uses of Music in Teaching the History of Economic Thought Abstract: In this article, the authors examine two ways that they use music (i.e., popular song lyrics) as an active learning technique in an undergraduate history of economic thought course. First, they use music to help students grasp the ideas of the great thinkers in economics and see their relevance today. Second, because they require students to read original texts and write thesis-driven essays, they use music to teach essential skills related to such assignments. While the article focuses on how they use music as a pedagogical device to teach the history of economic thought, the use of music to teach essential skills could be applied to any economics course in which students engage in higher-level reading and writing. Journal: The Journal of Economic Education Pages: 64-73 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.744619 File-URL: http://hdl.handle.net/10.1080/00220485.2013.744619 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:64-73 Template-Type: ReDIF-Article 1.0 Author-Name: Pedro de Araujo Author-X-Name-First: Pedro Author-X-Name-Last: de Araujo Author-Name: Roisin O’Sullivan Author-X-Name-First: Roisin Author-X-Name-Last: O’Sullivan Author-Name: Nicole B. Simpson Author-X-Name-First: Nicole B. Author-X-Name-Last: Simpson Title: What Should be Taught in Intermediate Macroeconomics? Abstract: A lack of consensus remains on what should form the theoretical core of the undergraduate intermediate macroeconomic course. In determining how to deal with the Keynesian/classical divide, instructors must decide whether to follow the modern approach of building macroeconomic relationships from micro foundations, or to use the traditional approach based on aggregate models of the macroeconomy. In this article, the authors discuss the advantages and shortcomings of each approach in the context of course objectives. Because there is significant heterogeneity in textbook coverage, the authors summarize some of the approaches taken in current intermediate-level textbooks, which should serve as a useful starting point for new instructors. The authors also discuss how each approach can be extended to analyze the recent recession in the United States. Journal: The Journal of Economic Education Pages: 74-90 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.740399 File-URL: http://hdl.handle.net/10.1080/00220485.2013.740399 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:74-90 Template-Type: ReDIF-Article 1.0 Author-Name: Oliver Nikutowski Author-X-Name-First: Oliver Author-X-Name-Last: Nikutowski Author-Name: Viktor Leis Author-X-Name-First: Viktor Author-X-Name-Last: Leis Author-Name: Robert K. Frhr. von Weizsäcker Author-X-Name-First: Robert K. Frhr. Author-X-Name-Last: von Weizsäcker Title: Cubic Cost Functions and Major Market Structures Journal: The Journal of Economic Education Pages: 91-91 Issue: 1 Volume: 44 Year: 2013 Month: 3 X-DOI: 10.1080/00220485.2013.744630 File-URL: http://hdl.handle.net/10.1080/00220485.2013.744630 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:1:p:91-91 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Grodner Author-X-Name-First: Andrew Author-X-Name-Last: Grodner Author-Name: Nicholas G. Rupp Author-X-Name-First: Nicholas G. Author-X-Name-Last: Rupp Title: The Role of Homework in Student Learning Outcomes: Evidence from a Field Experiment Abstract: In this article, the authors describe a field experiment in the classroom where principles of micro- economics students are randomly assigned into homework-required and not-required groups. The authors find that homework plays an important role in student learning, especially so for students who initially perform poorly in the course. Students in the homework-required group have higher retention rates, higher test scores (5 to 6 percent), more good grades (Bs), and lower failure rates. The authors also study the relationship between endogenous homework submission and test performance using instrumental variable estimation and find that homework submission has a large positive effect on test performance. Journal: The Journal of Economic Education Pages: 93-109 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770334 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770334 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:93-109 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Author-Name: Scott M. Fuess Author-X-Name-First: Scott M. Author-X-Name-Last: Fuess Author-Name: Andrew Perumal Author-X-Name-First: Andrew Author-X-Name-Last: Perumal Title: How do Transfer Students Perform in Economics? Evidence from Intermediate Macroeconomics Abstract: For students taking intermediate-level economics, does it matter where they studied principles of economics? Does transferring college credit influence subsequent academic performance in economics? With a sample covering 1999--2008, the authors analyze in this article a group of nearly 1,000 students taking intermediate macroeconomics at a prominent state university. Despite seemingly impressive-looking grades from the principles of macroeconomics course, community college transfer students significantly underperformed their peers in the intermediate macroeconomics course, unlike transfer students from four-year institutions. Moreover, students who transferred other course work from community college (that is, other than the principles course) were relatively less likely to succeed in intermediate macroeconomics. Journal: The Journal of Economic Education Pages: 110-128 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770336 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:110-128 Template-Type: ReDIF-Article 1.0 Author-Name: Victor J. Valcarcel Author-X-Name-First: Victor J. Author-X-Name-Last: Valcarcel Title: Instituting a Monetary Economy in a Semester-Long Macroeconomics Course Abstract: 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 provides the flexibility to illustrate a substantial number of concepts while forgoing some of the more in-depth analysis typically afforded by more traditional one-day experiments. By instituting an experimental unit of currency that takes on value throughout the semester, many concepts related, but not exclusive, to income, redistribution, intertemporal substitution, and banking can be reinforced with minimal loss of lecture time due to setup and rule exposition. Journal: The Journal of Economic Education Pages: 129-141 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770337 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770337 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:129-141 Template-Type: ReDIF-Article 1.0 Author-Name: Gareth P. Green Author-X-Name-First: Gareth P. Author-X-Name-Last: Green Author-Name: John C. Bean Author-X-Name-First: John C. Author-X-Name-Last: Bean Author-Name: Dean J. Peterson Author-X-Name-First: Dean J. Author-X-Name-Last: Peterson Title: Deep Learning in Intermediate Microeconomics: Using Scaffolding Assignments to Teach Theory and Promote Transfer Abstract: Intermediate microeconomics is typically viewed as a theory and tools course that relies on algorithmic problems to help students learn and apply economic theory. However, the authors’ assessment research suggests that algorithmic problems by themselves do not encourage students to think about where the theory comes from, why the theory is relevant, or under what conditions different theories and tools should be applied. In this article, the authors draw upon current learning theory to develop a sequence of scaffolding assignments that move students from well-structured algorithmic problems to ill-structured applied problems which encourage more elaborate and robust processing of course concepts. Their assessment data suggest that these assignments promote deep learning of economic theory as well as enhanced ability to transfer learning to later courses. Journal: The Journal of Economic Education Pages: 142-157 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770338 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770338 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:142-157 Template-Type: ReDIF-Article 1.0 Author-Name: Prakarsh Singh Author-X-Name-First: Prakarsh Author-X-Name-Last: Singh Author-Name: Alexa Russo Author-X-Name-First: Alexa Author-X-Name-Last: Russo Title: A Dream Experiment in Development Economics Abstract: In this article, the authors discuss a unique project carried out by 13 teams of four students each in the undergraduate Development Economics class during the 2012 spring semester at a private liberal arts college. The goal of the “Dream Experiment” was to think of an idea that promotes development, employs concepts from development economics, uses a real-world situation from a developing country, and has implications for policy if the experiment goes ahead. The authors present details of the project's modus operandi, provide a case study as an example, and highlight lessons for economics pedagogy. Journal: The Journal of Economic Education Pages: 158-168 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770343 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770343 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:158-168 Template-Type: ReDIF-Article 1.0 Author-Name: Daron Acemoglu Author-X-Name-First: Daron Author-X-Name-Last: Acemoglu Title: Economic Growth and Development in the Undergraduate Curriculum Abstract: A central theme of this article is that economics instructors should spend more time teaching about economic growth and development at the undergraduate level because the topic is of interest to students, is less abstract than other macroeconomic topics, and is the focus of exciting research in economics. Facts and data can be presented to describe the economic growth problem facing nations, both rich and poor. Instructors can then use key elements of the Solow growth model and discuss the importance of technology to explain economic growth to students. Recent research in economics can be used in the classroom to discuss the reasons why some countries are rich and others are poor. Journal: The Journal of Economic Education Pages: 169-177 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770344 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770344 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:169-177 Template-Type: ReDIF-Article 1.0 Author-Name: Sarah Tinkler Author-X-Name-First: Sarah Author-X-Name-Last: Tinkler Author-Name: James Woods Author-X-Name-First: James Author-X-Name-Last: Woods Title: The Readability of Principles of Macroeconomics Textbooks Abstract: The authors evaluated principles of macroeconomics textbooks for readability using Coh-Metrix, a computational linguistics tool. Additionally, they conducted an experiment on Amazon's Mechanical Turk Web site in which participants ranked the readability of text samples. There was a wide range of scores on readability indexes both among textbooks and within textbooks. Results from the Mechanical Turk experiment revealed that the Flesch Reading Ease Index does not predict which samples readers will prefer, but readers do prefer samples that are thematically similar, as identified by Latent Semantic Analysis. There were differences in the responses of native and non-native-but-proficient English speakers to the text samples, suggesting that the intended audience is an important determinant of readability. Journal: The Journal of Economic Education Pages: 178-191 Issue: 2 Volume: 44 Year: 2013 Month: 6 X-DOI: 10.1080/00220485.2013.770345 File-URL: http://hdl.handle.net/10.1080/00220485.2013.770345 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:2:p:178-191 Template-Type: ReDIF-Article 1.0 Author-Name: Ariel Rubinstein Author-X-Name-First: Ariel Author-X-Name-Last: Rubinstein Title: 10 Q&A: Experienced Advice for “Lost” Graduate Students in Economics Abstract: Editor's Note: Oftentimes economic theorists have insightful things to say about methodology and policy as they relate to teaching, but those insights are often lost to more pedagogically-focused professors who do not follow theoretical developments. This section is the first in a series of occasional pieces by economic theorists and researchers that the editors believe may be of general interest. These informal comments are those of Ariel Rubinstein delivered at a Wine and Cheese party at NYU, October 28, 2011, and were expanded on by the author at the invitation of the editors (revised January 2013). Readers who find Rubinstein's comments interesting are encouraged to go to his Web site, http://arielrubinstein.tau.ac.il, and to look at his new book, Economic Fables, which raises a number of issues directly related to teaching. Readers with suggestions for additional pieces for this series are encouraged to e-mail: Colander@Middlebury.edu. Journal: The Journal of Economic Education Pages: 193-196 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795448 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795448 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:193-196 Template-Type: ReDIF-Article 1.0 Author-Name: Poul Thøis Madsen Author-X-Name-First: Poul Thøis Author-X-Name-Last: Madsen Title: The Financial Crisis and Principles of Economics Textbooks Abstract: How have authors of widely used U.S. introductory economics textbooks responded to the traumatizing financial crisis? The answer interests textbook authors as well as the users. An encompassing quantitative and qualitative text analysis that applies new methods demonstrates that in general, the financial crisis is described in a few sporadically added lines or is dealt with in boxes, separate sections, or specific isolated chapters. This is no great surprise, as it would be a monumental task to change textbooks significantly in the short run. Yet the analysis also indicates small, innovative changes already being made that could inspire future editions. Against this background, the author discusses how any introductory textbook could integrate the financial crisis more adequately into the general presentation, thereby enhancing students’ interest. Journal: The Journal of Economic Education Pages: 197-216 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795450 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795450 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:197-216 Template-Type: ReDIF-Article 1.0 Author-Name: AJ Allen Bostian Author-X-Name-First: AJ Allen Author-X-Name-Last: Bostian Author-Name: Charles A. Holt Author-X-Name-First: Charles A. Author-X-Name-Last: Holt Title: Veconlab Classroom Clicker Games: The Wisdom of Crowds and the Winner's Curse Abstract: The authors present a classroom “clicker” exercise in which students are asked to guess the number of items in a clear container before bidding on a money prize worth a penny for each item. Even if the distribution of guesses is unbiased, the highest bidder is likely to have overestimated the true number and ended up with a loss. Because winning becomes an increasingly rare and informative event as the number of bidders increases, the exercise generates a dramatic “winner's curse” in large classes where clicker systems are commonly used. Initial guesses about the number of items tend to suffer from perception bias, and this partial failure of the “wisdom of the crowds” can make bids even less rational. Journal: The Journal of Economic Education Pages: 217-229 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795452 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795452 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:217-229 Template-Type: ReDIF-Article 1.0 Author-Name: Mike Aguilar Author-X-Name-First: Mike Author-X-Name-Last: Aguilar Author-Name: Daniel Soques Author-X-Name-First: Daniel Author-X-Name-Last: Soques Title: MacroJournal—Turning Students into Practitioners Abstract: Incorporating currents events into an economics curriculum is a goal of many dedicated instructors. The benefits of doing so are obvious. Unfortunately, the costs associated with implementation are nontrivial. In the following, the authors introduce an experiential writing assignment, called the MacroJournal, which streamlines the process of incorporating current events into a macroeconomics course. The costs for the instructor are mitigated by a repeated structure of questioning and a well-defined grading rubric. By completing the assignment, students have an opportunity to become practitioners and link current events to classroom theory. Journal: The Journal of Economic Education Pages: 230-237 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795453 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:230-237 Template-Type: ReDIF-Article 1.0 Author-Name: Amanda L. Griffith Author-X-Name-First: Amanda L. Author-X-Name-Last: Griffith Author-Name: Todd A. McFall Author-X-Name-First: Todd A. Author-X-Name-Last: McFall Title: Using PGA Tour Results to Illustrate the Effects of Selection Bias Abstract: This lesson is designed to give students in a wide variety of undergraduate classes the opportunity to identify the problems inherent in analyzing imperfect data. Students are asked to analyze data, which the authors provide, from the Professional Golfers’ Association Tour to ponder the link between golfers’ skills in different facets of the game and their relative performances in certain tournaments. Selection issues are inherent in the data because of Tour policies regarding golfers’ tournament entry decisions. By the end of the lesson, students should better understand the importance of gaining institutional knowledge to improve the results of a study. Students are asked to mitigate the selection bias with the Heckman two-step procedure, a tool used in studies of labor, insurance, and education markets. Journal: The Journal of Economic Education Pages: 238-248 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795456 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:238-248 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen D. Casler Author-X-Name-First: Stephen D. Author-X-Name-Last: Casler Title: Cost Minimization and Elasticity Estimation: A Two-Input, Two-Time Period Analysis Abstract: Given data on input price changes and the resulting changes in optimal input use, a means of estimating numerical elasticity values for the two-input, two-time period case is presented in this article. The estimation procedure stems directly from the model of cost minimization subject to producing a given level of output. By showing the direct link from the world of theory to that of measurement, the author provides an interesting framework to illustrate the cost-minimization model's implications beyond the study of first- and second-order conditions. In developing estimation equations, opportunities arise for presenting and reviewing key economic concepts and mathematical techniques. The connection of the theoretical model with a numerical application helps students better appreciate the relevance of theory in finding quantitative answers to economic problems. Journal: The Journal of Economic Education Pages: 249-267 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795459 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795459 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:249-267 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher C. Klein Author-X-Name-First: Christopher C. Author-X-Name-Last: Klein Title: Econometrics as a Capstone Course in Economics Abstract: The author describes an econometrics capstone course design at a large public university that offers economics degrees in both business (BBA) and liberal arts (BS). The goal of the capstone is to provide a research experience similar to those in the honors college but on the smaller scale of a one-semester course. The revisions for converting an existing course to a capstone, the student activities adopted, and sample outcomes are addressed. The hurdles overcome within the respective colleges in order to create a capstone course are discussed. Summaries of several student projects as well as publication of faculty-mentored student research papers illustrate the viability of econometrics as a capstone course for institutions unable to establish a stand-alone research course for that purpose. Journal: The Journal of Economic Education Pages: 268-276 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795460 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:268-276 Template-Type: ReDIF-Article 1.0 Author-Name: Robert S. Goldfarb Author-X-Name-First: Robert S. Author-X-Name-Last: Goldfarb Title: Shortage, Shortage, Who's Got the Shortage? Abstract: Shortages, while rare, do appear in the United States. Under what circumstances might this happen? Which alleged shortages are “true” economic shortages? When do true shortages emerge in a market economy? What does this tell us about how market economies work? Six types or categories of “true” economic shortages and one category of alleged shortages are identified in this article. Examples include shortages of Christmas toys, flu vaccines, nurses, concert and sporting event tickets, airline seats, parking spaces, and blood supply. Do a few fundamental underlying causes link the six categories? Questions for class discussion are included throughout. Journal: The Journal of Economic Education Pages: 277-297 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795461 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:277-297 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Author-Name: Roger B. Butters Author-X-Name-First: Roger B. Author-X-Name-Last: Butters Title: The Test of Economic Literacy: Development and Results Abstract: In this study, the authors report on the revision of the Test of Economic Literacy for the fourth edition. The Test of Economic Literacy is a nationally-normed and standardized measure of the economic understanding of U.S. high school students. The economic content of the test is based on the Voluntary National Content Standards in Economics, which is used to establish the content validity for the test. The revision process is described and evidence on the test reliability and construct validity is presented from the test score analysis. The Test of Economic Literacy has a long and successful history of use by educators and researchers interested in economic education in high schools. The new edition should provide an improved instrument to continue that testing and research work. Journal: The Journal of Economic Education Pages: 298-309 Issue: 3 Volume: 44 Year: 2013 Month: 9 X-DOI: 10.1080/00220485.2013.795462 File-URL: http://hdl.handle.net/10.1080/00220485.2013.795462 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:3:p:298-309 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin M. Friedman Author-X-Name-First: Benjamin M. Author-X-Name-Last: Friedman Title: The Simple Analytics of Monetary Policy: A Post-Crisis Approach Abstract: The standard workhorse models of monetary policy now commonly in use, both for teaching macro- economics to students and for supporting policymaking within many central banks, are incapable of incorporating the most widely accepted accounts of how the 2007--9 financial crisis occurred and are incapable too of analyzing the actions that monetary policymakers took in response to it. They also offer no point of entry for the frontier research that many economists have subsequently undertaken, especially research revolving around frictions in financial intermediation. The author suggests a simple model that bridges this gap by distinguishing the interest rate that the central bank sets from the interest rate that matters for the spending decisions of households and firms. One version of this model adds to the canonical "new Keynesian" model a fourth equation representing the spread between these two interest rates. An alternate version replaces this reduced-form expression for the spread with explicit supply and demand equations for privately issued credit obligations. The discussion illustrates the use of both versions of the model for analyzing the kind of breakdown in financial intermediation that triggered the 2007--9 crisis as well as "unconventional" central bank actions like large-scale asset purchases and forward guidance on the policy interest rate. Journal: The Journal of Economic Education Pages: 311-328 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825109 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825109 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:311-328 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Gertler Author-X-Name-First: Mark Author-X-Name-Last: Gertler Title: Monetary Policy After August 2007 Abstract: In this article, the author describes conceptually how to think about the dramatic changes in monetary policy since the sub-prime crisis of August 2007. He also discusses how to incorporate these changes and related economic concepts in the teaching of an undergraduate class in macroeconomics. A distinction is made between conventional and unconventional monetary policy, both conceptually and in practice, but most of the focus is on unconventional monetary policy and how it can be integrated within a standard macroeconomic framework. Some attention is also given to the relevance of the liquidity trap and forward guidance in monetary policy. Journal: The Journal of Economic Education Pages: 329-338 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825110 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:329-338 Template-Type: ReDIF-Article 1.0 Author-Name: Derek Neal Author-X-Name-First: Derek Author-X-Name-Last: Neal Title: The Consequences of Using one Assessment System to Pursue two Objectives Abstract: Education officials often use one assessment system both to create measures of student achievement and to create performance metrics for educators. However, modern standardized testing systems are not designed to produce performance metrics for teachers or principals. They are designed to produce reliable measures of individual student achievement in a low-stakes testing environment. The design features that promote reliable measurement provide opportunities for teachers to profitably coach students on test-taking skills, and educators typically exploit these opportunities whenever modern assessments are used in high-stakes settings as vehicles for gathering information about their performance. Because these coaching responses often contaminate measures of both student achievement and educator performance, it is likely possible to acquire more accurate measures of both student achievement and education performance by developing separate assessment systems that are designed specifically for each measurement task. Journal: The Journal of Economic Education Pages: 339-352 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825112 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825112 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:339-352 Template-Type: ReDIF-Article 1.0 Author-Name: Srikanth Ramamurthy Author-X-Name-First: Srikanth Author-X-Name-Last: Ramamurthy Author-Name: Norman Sedgley Author-X-Name-First: Norman Author-X-Name-Last: Sedgley Title: Exploring Fiscal Policy at Zero Interest Rates in Intermediate Macroeconomics Abstract: Since the financial meltdown of 2007, advanced macroeconomic theory has delved more deeply into the question of the appropriate fiscal policy when the nominal interest rate is close to or at zero percent. Such analysis is typically conducted with the aid of New Keynesian Dynamic Stochastic General Equilibrium models. The policy implications are, in some cases, surprising. Multipliers can change by large magnitudes, and the signs of some tax multipliers are reversed. The authors show how these results can be clearly presented to an intermediate undergraduate audience within the standard IS-MP and AD-AS framework of Jones (2011). Journal: The Journal of Economic Education Pages: 353-363 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825113 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825113 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:353-363 Template-Type: ReDIF-Article 1.0 Author-Name: Raymond J. MacDermott Author-X-Name-First: Raymond J. Author-X-Name-Last: MacDermott Title: The Impact of Assessment Policy on Learning: Replacement Exams or Grade Dropping Abstract: Instructors often debate the merits of alternate grading policies such as dropping the lowest exam or offering an additional exam to replace the lowest score. To date, there has been little research conducted on the impact of these policies on performance. In this study, the author investigates student performance in intermediate macroeconomics over three semesters at a small Eastern college. In each semester, a different assessment policy was applied: Count all three in-term exams; drop the lowest of three exams; offer an additional exam to replace the lowest in-term exam score. Contrary to previous research and conventional wisdom, the author finds that allowing students to drop their lowest grade improved performance on a cumulative final exam, while offering a replacement test had no significant effects. Journal: The Journal of Economic Education Pages: 364-371 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825114 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825114 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:364-371 Template-Type: ReDIF-Article 1.0 Author-Name: Sarah Pearlman Author-X-Name-First: Sarah Author-X-Name-Last: Pearlman Author-Name: Robert P. Rebelein Author-X-Name-First: Robert P. Author-X-Name-Last: Rebelein Title: A Goldsmith Exercise for Learning Money Creation Abstract: In this article, the authors outline a classroom exercise involving goldsmiths designed to improve undergraduate students' understanding of how banks create money. This concept is important to macroeconomics and money and banking courses, yet students frequently struggle with it, largely due to the nonphysical nature of deposits and reserves. In contrast, gold-based banking systems tend to be more intuitive because of the physical nature of gold. By simulating interactions among a goldsmith, a depositor, a merchant, and a borrower in a gold-based system, students gain a deeper understanding of reserves and money creation. In particular, the exercise illuminates the intricate link between lending and the creation of new money, and highlights the importance of fractional reserve banking and reserve deposits. Journal: The Journal of Economic Education Pages: 372-388 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825117 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825117 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:372-388 Template-Type: ReDIF-Article 1.0 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Robert Garnett Author-X-Name-First: Robert Author-X-Name-Last: Garnett Title: Big Think: A Model for Critical Inquiry in Economics Courses Abstract: Economic educators often profess the goal of teaching our students to "think like economists." Since Siegfried and colleagues (1991) coined this phrase, its meaning has been interpreted as a focus on analytical concepts and methods of economics as opposed to the broader goal of preparing students for independent, critical thought in the complex world beyond college. Colander and McGoldrick (2009b) argued that students are more likely to achieve both of these objectives when the learning process includes open-ended questions that encourage them to move beyond algorithmic application of textbook principles. In this article, the authors operationalize this "big think" approach through an instructional module on differential tuition pricing, the development of which was enhanced by careful attention to contemporary learning theory. Journal: The Journal of Economic Education Pages: 389-398 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825118 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825118 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:389-398 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991--2012 Abstract: The 2007--10 growth spurt (18 percent over three years) in U.S. undergraduate economics degrees came to an abrupt end in 2011 and 2012. Degrees awarded grew less than one percent over the past two years. Journal: The Journal of Economic Education Pages: 399-405 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.825121 File-URL: http://hdl.handle.net/10.1080/00220485.2013.825121 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:399-405 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Gärtner Author-X-Name-First: Manfred Author-X-Name-Last: Gärtner Author-Name: Björn Griesbach Author-X-Name-First: Björn Author-X-Name-Last: Griesbach Author-Name: Florian Jung Author-X-Name-First: Florian Author-X-Name-Last: Jung Title: Teaching Macroeconomics After the Crisis: A Survey Among Undergraduate Instructors in Europe and the United States Abstract: The Great Recession raised questions of what and how macroeconomists teach at academic institutions around the globe, and what changes in the macroeconomics curriculum should be made. The authors conducted a survey of undergraduate macroeconomics instructors affiliated with colleges and universities in Europe and the United States at the end of 2010. The results show that courses feature very much the same lineups of models as they did before the crisis. A notable exception concerns public debt dynamics, which receives considerably more emphasis. The finer fabric of undergraduate macroeconomics teaching, however, shows substantial shifts: A host of topics related to financial markets has entered the curriculum, and there is more interest in economic history, the history of economic thought, and case studies. Journal: The Journal of Economic Education Pages: 406-416 Issue: 4 Volume: 44 Year: 2013 Month: 10 X-DOI: 10.1080/00220485.2013.827050 File-URL: http://hdl.handle.net/10.1080/00220485.2013.827050 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:406-416 Template-Type: ReDIF-Article 1.0 Author-Name: Joyce B. Main Author-X-Name-First: Joyce B. Author-X-Name-Last: Main Author-Name: Ben Ost Author-X-Name-First: Ben Author-X-Name-Last: Ost Title: The Impact of Letter Grades on Student Effort, Course Selection, and Major Choice: A Regression-Discontinuity Analysis Abstract: The authors apply a regression-discontinuity design to identify the causal impact of letter grades on student effort within a course, subsequent credit hours taken, and the probability of majoring in economics. Their methodology addresses key issues in identifying the causal impact of letter grades: correlation with unobservable factors, such as motivation, and direction of causation. They find no evidence that letter grades influence undergraduate students' course-taking behavior or decision to major in economics. They find that, within a course, the first exam letter grade can affect student performance on the second exam. Journal: The Journal of Economic Education Pages: 1-10 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859953 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859953 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:1-10 Template-Type: ReDIF-Article 1.0 Author-Name: Qihui Chen Author-X-Name-First: Qihui Author-X-Name-Last: Chen Author-Name: Tade O. Okediji Author-X-Name-First: Tade O. Author-X-Name-Last: Okediji Title: Incentive Matters!-The Benefit of Reminding Students About Their Academic Standing in Introductory Economics Courses Abstract: In this article, the authors illustrate how incentives can improve student performance in introductory economics courses. They implemented a policy experiment in a large introductory economics class in which they reminded students who scored below an announced cutoff score on the midterm exam about the risk of failing the course. The authors employed a regression-discontinuity method to estimate the causal impact of their policy on students' performance on the final exam. The results suggest that the policy had a significant impact on students' performance on the final exam. In fact, the gain in test scores was sufficient to boost a student's overall course grade by one letter grade. Journal: The Journal of Economic Education Pages: 11-24 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859955 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859955 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:11-24 Template-Type: ReDIF-Article 1.0 Author-Name: Ivo J. M. Arnold Author-X-Name-First: Ivo J. M. Author-X-Name-Last: Arnold Author-Name: Wietske Rowaan Author-X-Name-First: Wietske Author-X-Name-Last: Rowaan Title: First-Year Study Success in Economics and Econometrics: The Role of Gender, Motivation, and Math Skills Abstract: In this study, the authors investigate the relationships among gender, math skills, motivation, and study success in economics and econometrics. They find that female students have stronger intrinsic motivation, yet lower study confidence than their male counterparts. They also find weak evidence for a gender gap over the entire first-year curriculum of economics or econometrics. In terms of size and significance, their estimates of gender effects rank below the effects of preparatory education and motivation. Journal: The Journal of Economic Education Pages: 25-35 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859957 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859957 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:25-35 Template-Type: ReDIF-Article 1.0 Author-Name: Sebastien Buttet Author-X-Name-First: Sebastien Author-X-Name-Last: Buttet Author-Name: Udayan Roy Author-X-Name-First: Udayan Author-X-Name-Last: Roy Title: A Simple Treatment of the Liquidity Trap for Intermediate Macroeconomics Courses Abstract: Several leading undergraduate intermediate macroeconomics textbooks now include a simple reduced-form New Keynesian model of short-run dynamics (alongside the IS-LM model). Unfortunately, there is no accompanying description of how the zero lower bound on nominal interest rates affects the model. In this article, the authors show how the aforementioned model can easily be modified to teach undergraduate students about the significance of the zero lower bound for economic performance and policy. This acquires additional significance because economies such as the United States and Japan have been close to the zero lower bound since 2008 and 1995, respectively. The authors show that when the zero lower bound is introduced, an additional long-run equilibrium exists. This equilibrium is unstable and can lead to a deflationary spiral. Journal: The Journal of Economic Education Pages: 36-55 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859959 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859959 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:36-55 Template-Type: ReDIF-Article 1.0 Author-Name: Marie Petkus Author-X-Name-First: Marie Author-X-Name-Last: Petkus Author-Name: John J. Perry Author-X-Name-First: John J. Author-X-Name-Last: Perry Author-Name: Bruce K. Johnson Author-X-Name-First: Bruce K. Author-X-Name-Last: Johnson Title: Core Requirements for the Economics Major Abstract: In this article, the authors are the first to describe the core economics curriculum requirements for economics majors at all American colleges and universities, as opposed to a sample of institutions. Not surprisingly, principles of economics is nearly universally required and implemented as a two-semester course in 85 percent of economics major programs. Most schools do not prescribe the order in which the principles sequence is taken. The intermediate courses are commonly required, although variation exists across institution types. While the quantitative requirement for the major has increased since 1980, significant differences exist among institutions and by academic rankings. As compared to 1950, there has been an increase in the number of required economics credit hours for the major. Journal: The Journal of Economic Education Pages: 56-62 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859961 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859961 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:56-62 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: National Standards for Financial Literacy: Rationale and Content Abstract: The National Standards for Financial Literacy describe the knowledge, understanding, and skills that are important for students to learn about personal finance. They are designed to guide teachers, school administrators, and other educators in developing curriculum and educational materials for teaching financial literacy. In this article, the authors explain the reasons for the development of the Standards by the Council for Economic Education and the work of economists, economic educators, and teachers to prepare them. They describe each of the six content standards and how they are supported by associated benchmarks at the fourth, eighth, and twelfth grades. The authors also discuss several valuable Standards' features, including a focus on economic content and decision-making skills as the foundation for financial literacy. Journal: The Journal of Economic Education Pages: 63-70 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859963 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859963 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:63-70 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Nieswiadomy Author-X-Name-First: Michael Author-X-Name-Last: Nieswiadomy Title: LSAT® Scores of Economics Majors: The 2012--13 Class Update Abstract: Using 1994--95, 2002--3, and 2008--9 data, the author found that economics majors scored well on the LSAT® (1998, 2006, 2010). These results are often posted on university economics (and other) department Web sites. The author, who updates the prior studies using current data for law school applicants for the 2012--13 class of students entering law school, finds that economics majors continue to perform at or near the top of all majors applying for law school. Economics majors (LSAT® score of 159.1) had the highest score of the 16 largest disciplines (those with more than 1,000 students entering law school). Economics places second behind math/physics (161.8) in a set of 29 discipline groupings that contain at least 325 students with similar majors. Journal: The Journal of Economic Education Pages: 71-74 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859964 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859964 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:71-74 Template-Type: ReDIF-Article 1.0 Author-Name: Russell Engel Author-X-Name-First: Russell Author-X-Name-Last: Engel Author-Name: Patrick Ryan Murphy Author-X-Name-First: Patrick Ryan Author-X-Name-Last: Murphy Author-Name: Chuck Fisk Author-X-Name-First: Chuck Author-X-Name-Last: Fisk Title: Economics Memes: How to use Memes to Teach and Learn Economics Journal: The Journal of Economic Education Pages: 75-76 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859965 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859965 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:75-76 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Reiman Author-X-Name-First: Mark Author-X-Name-Last: Reiman Title: An Interactive Web Site for Teaching the Simple Economics of Easter Island Journal: The Journal of Economic Education Pages: 77-77 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859966 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859966 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:77-77 Template-Type: ReDIF-Article 1.0 Author-Name: Nick L. Guo Author-X-Name-First: Nick L. Author-X-Name-Last: Guo Author-Name: John Gilbert Author-X-Name-First: John Author-X-Name-Last: Gilbert Title: Demystifying Financial Markets for Saving and Insurance with Numerical Models Journal: The Journal of Economic Education Pages: 78-78 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859968 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859968 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:78-78 Template-Type: ReDIF-Article 1.0 Author-Name: Hema Mistry Author-X-Name-First: Hema Author-X-Name-Last: Mistry Author-Name: Raymond Oppong Author-X-Name-First: Raymond Author-X-Name-Last: Oppong Author-Name: Emma J. Frew Author-X-Name-First: Emma J. Author-X-Name-Last: Frew Title: Health Economics Education (HEE) Web Site: A Tool to Enhance Health Economics Teaching in the United Kingdom Journal: The Journal of Economic Education Pages: 79-79 Issue: 1 Volume: 45 Year: 2014 Month: 3 X-DOI: 10.1080/00220485.2014.859972 File-URL: http://hdl.handle.net/10.1080/00220485.2014.859972 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:1:p:79-79 Template-Type: ReDIF-Article 1.0 Author-Name: John A. List Author-X-Name-First: John A. Author-X-Name-Last: List Title: Using Field Experiments to Change the Template of How We Teach Economics Abstract: In this article, the author explains why field experiments can improve what we teach and how we teach economics. Economists no longer operate as passive observers of economic phenomena. Instead, they participate actively in the research process by collecting data from field experiments to investigate the economics of everyday life. This change can be shown to students by presenting them with evidence from field experiments. Field experiments related to factor markets, behavioral economics, and discrimination are presented to explain how this approach works across different economic content. The three questions that are highlighted are the following: (1) Why do women get paid less than men in labor markets? (2) How can we use behavioral economics to motivate teachers? (3) What seven words can end third-degree price discrimination? Journal: The Journal of Economic Education Pages: 81-89 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889538 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889538 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:81-89 Template-Type: ReDIF-Article 1.0 Author-Name: Ashley Hodgson Author-X-Name-First: Ashley Author-X-Name-Last: Hodgson Title: Adverse Selection in Health Insurance Markets: A Classroom Experiment Abstract: Adverse selection as it relates to health care policy will be a key economic issue in many upcoming elections. In this article, the author lays out a 30-minute classroom experiment designed for students to experience the kind of elevated prices and market collapse that can result from adverse selection in health insurance markets. The students should come away from the experiment understanding why adverse selection leads to high prices on good quality insurance and why it forces healthy individuals into low quality plans. Additionally, the experiment helps students think about the market characteristics that make health insurance particularly vulnerable to problems of asymmetric information. Finally, the experiment connects the adverse selection problem with key features of the 2010 Patient Protection and Affordable Care Act. Journal: The Journal of Economic Education Pages: 90-100 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889931 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889931 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:90-100 Template-Type: ReDIF-Article 1.0 Author-Name: Alice Louise Kassens Author-X-Name-First: Alice Louise Author-X-Name-Last: Kassens Title: Tweeting Your Way to Improved #Writing, #Reflection, and #Community Abstract: Economics appears to be lagging behind other fields in the adoption of Web 2.0 technologies in the classroom. Twitter is an online microblogging utility, permitting posts of up to 140 characters called tweets. The utility is rapidly making its way into secondary and post-secondary classrooms as a complement to traditional instruction and an active learning tool. In this article, the author describes how Twitter was employed as a complement to traditional lecture in a small macroeconomics principles course (the instrument is applicable to courses at any level). The brevity of the tweets forces students to express their thoughts concisely and is believed to develop reflection and writing skills while expanding the class community. Journal: The Journal of Economic Education Pages: 101-109 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889937 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889937 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:101-109 Template-Type: ReDIF-Article 1.0 Author-Name: Michael P. Murray Author-X-Name-First: Michael P. Author-X-Name-Last: Murray Title: Teaching About Heterogeneous Response Models Abstract: Individuals vary in their responses to incentives and opportunities. For example, additional education will affect one person differently than another. In recent years, econometricians have given increased attention to such heterogeneous responses and to the consequences of such responses for interpreting regression estimates, especially regression estimates based on instrumental variables. In this article, the author offers illustrative cases with which to introduce masters-level and advanced undergraduate students to the interpretive challenges posed by heterogeneous responses in econometric models. Journal: The Journal of Economic Education Pages: 110-120 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889961 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889961 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:110-120 Template-Type: ReDIF-Article 1.0 Author-Name: Michael E. O'Hara Author-X-Name-First: Michael E. Author-X-Name-Last: O'Hara Title: Pulling Econometrics Students Up by Their Bootstraps Abstract: Although the concept of the sampling distribution is at the core of much of what we do in econometrics, it is a concept that is often difficult for students to grasp. The thought process behind bootstrapping provides a way for students to conceptualize the sampling distribution in a way that is intuitive and visual. However, teaching students to write bootstrapping code on their own would come at great expense in terms of instruction time. The author proposes the use of instructor-written macros as a balance between these opposing interests, and he focuses on the use of the nonparametric "pairwise" bootstrap procedure in order to make an intuitive link between bootstrapping and sampling from a population (one of the first ideas students meet in statistics). Journal: The Journal of Economic Education Pages: 121-130 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889962 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889962 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:121-130 Template-Type: ReDIF-Article 1.0 Author-Name: Dan Fuller Author-X-Name-First: Dan Author-X-Name-Last: Fuller Author-Name: Doris Geide-Stevenson Author-X-Name-First: Doris Author-X-Name-Last: Geide-Stevenson Title: Consensus Among Economists-An Update Abstract: In this article, the authors explore consensus among economists on specific propositions based on a fall 2011 survey of American Economic Association members. Results are based on 568 responses and provide evidence of changes in opinion over time by including propositions from earlier studies in 2000 (Fuller and Geide-Stevenson 2003) and 1992 (Alston, Kearl, and Vaughan 1992). Propositions focus on microeconomics, macroeconomics, distributional and international topics, as well as pedagogy. Results indicate a movement toward an overall higher level of consensus, mainly because of a drop in the incidence of no consensus. Especially in the area of distributional propositions, economists display an increased concern with income inequality and potential effects on growth. In the area of macroeconomics, current opinions are more similar to those of the 1992 survey than the 2000 survey. Journal: The Journal of Economic Education Pages: 131-146 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889963 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889963 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:131-146 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Undergraduate Coursework in Economics: A Survey Perspective Abstract: Survey results from a large sample of economics departments describe offerings for principles courses, coursework requirements for economics majors, and program augmentations such as capstone courses, senior seminars, and honors programs. Findings are reported for all institutions, and institutions are subdivided into six different categories based on public or private control and the highest economics degree offered. The coursework required for the economics major typically consists of ten courses, five in a required core and five electives. The most conspicuous curriculum change over the past 30 years is the rise of econometrics as a required course, now mandatory at about half of major programs. The authors estimate that about 40 percent of students who matriculate as first-year undergraduates take at least one economics course before they leave. Journal: The Journal of Economic Education Pages: 147-158 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889965 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889965 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:147-158 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Author-Name: Robert Goldfarb Author-X-Name-First: Robert Author-X-Name-Last: Goldfarb Author-Name: Casey Rothschild Author-X-Name-First: Casey Author-X-Name-Last: Rothschild Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: A Guide for "JEE Content" Submissions Abstract: This is an update of a guide to the thinking of the editorial collective for the Content section of the Journal of Economic Education (JEE). The authors discuss the type of papers they are looking for, what in their view constitutes a good paper, and how their review process works. They specifically discuss their reviewing process, the content they are looking for, and their view of the structure of a good paper. Although they focus specifically on Content articles for the JEE, many of the general issues discussed may carry over to other sections of the JEE and to journals more generally. Journal: The Journal of Economic Education Pages: 159-165 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889967 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889967 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:159-165 Template-Type: ReDIF-Article 1.0 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: A Guide for Submissions to the Journal of Economic Education Instruction Section Abstract: This article's author describes her perspective on manuscripts submitted to the Instruction Section of the Journal of Economic Education based on her experience as the primary associate editor responsible for that section. She introduces topical categories to identify potential gaps in existing literature for future authors to exploit. Characteristics of successful manuscripts and an overview of the review process are presented to provide authors with new insight intended to motivate high quality manuscript submissions. Journal: The Journal of Economic Education Pages: 166-173 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889968 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889968 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:166-173 Template-Type: ReDIF-Article 1.0 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Title: Anyone? Anyone? A Guide to Submissions on Classroom Experiments Abstract: The true method of knowledge is experiment. -- William Blake A fool is a man who never tried an experiment in his life. -- Erasmus Darwin One associate editor's perspective on classroom experiment articles is detailed in this article. The associate editor provides recommendations for manuscripts for the Instruction (those that describe new classroom experiments) and Research (those reporting studies into the efficacy of classroom experiments as a pedagogical tool) Sections of the Journal of Economic Education as well as some general suggestions for authors. Journal: The Journal of Economic Education Pages: 174-179 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889970 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889970 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:174-179 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Title: Submissions to the Online Section of the Journal of Economic Education Abstract: The associate editor for the Online Section of the Journal of Economic Education briefly describes a successful submission to the section. Many examples are given from recent issues. Journal: The Journal of Economic Education Pages: 180-181 Issue: 2 Volume: 45 Year: 2014 Month: 6 X-DOI: 10.1080/00220485.2014.889972 File-URL: http://hdl.handle.net/10.1080/00220485.2014.889972 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:2:p:180-181 Template-Type: ReDIF-Article 1.0 Author-Name: Lewis Davis Author-X-Name-First: Lewis Author-X-Name-Last: Davis Title: How to Generate Good Profit Maximization Problems Abstract: In this article, the author considers the merits of two classes of profit maximization problems: those involving perfectly competitive firms with quadratic and cubic cost functions. While relatively easy to develop and solve, problems based on quadratic cost functions are too simple to address a number of important issues, such as the use of second-order conditions and the short-run shutdown condition. Problems based on cubic cost functions are mathematically richer but often involve messy arithmetic; furthermore, many are not plausible representations of a firm's costs. Finding cubic functions that do not suffer from these drawbacks can be a time-consuming process. The author addresses this issue by providing a procedure to generate profit maximization problems that are theoretically interesting, economically plausible, and computationally simple. Journal: The Journal of Economic Education Pages: 183-190 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917564 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917564 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:183-190 Template-Type: ReDIF-Article 1.0 Author-Name: Georg Strasser Author-X-Name-First: Georg Author-X-Name-Last: Strasser Author-Name: Marketa Halova Wolfe Author-X-Name-First: Marketa Halova Author-X-Name-Last: Wolfe Title: Learning to Argue with Intermediate Macro Theory: A Semester-Long Team Writing Project Abstract: The authors describe their experience with integrating a semester-long economic analysis project into an intermediate macroeconomic theory course. Students work in teams of "economic advisors" to write a series of nested reports that analyze the current state of the economy, and propose and evaluate policies for a decision-maker. The project simulates real-world policy consulting with an emphasis on applying economic theory and models. The authors describe the project setup and how to tailor its theme to current events, explain methods for keeping it manageable in larger classes, discuss student learning outcomes, and document course evaluation results. Besides improving the learning experience, this project prepares economics students to contribute their own views to policy debates and buttress them with tight macroeconomic reasoning. Journal: The Journal of Economic Education Pages: 191-210 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917565 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917565 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:191-210 Template-Type: ReDIF-Article 1.0 Author-Name: Carolina Castilla Author-X-Name-First: Carolina Author-X-Name-Last: Castilla Title: Field Experiments in a Course on Behavioral Economics: Nudging Students Around Campus Abstract: In experiential education, the student learns through experience by observing a concept or phenomenon and applying this knowledge in a real-world context. A research project conducted by undergraduate students at a U.S. private liberal arts college is described in this article. The project provided opportunity for students to think about their decision-making processes, compare them to existing literature, and apply this knowledge in examining their own hypotheses through primary data collection on campus. While the research design's simplicity ensured that the project could be completed in time for a final grade and sacrificed lecture material in favor of feedback opportunities, this behavioral field experiment was a rewarding experience because of students' enthusiasm and their ability to defend and think critically of their own ideas. Journal: The Journal of Economic Education Pages: 211-224 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917566 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917566 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:211-224 Template-Type: ReDIF-Article 1.0 Author-Name: Jessica Hennessey Author-X-Name-First: Jessica Author-X-Name-Last: Hennessey Title: Motivating a Productive Discussion of Normative Issues Through Debates Abstract: In this article, the author presents a way of using in-class debates to discuss contentious issues and help students develop critical thinking skills. Three elements were incorporated into an undergraduate public finance course: a presentation of ethical approaches in order to formally discuss normative issues, class debates which required students to work in groups and imaginatively occupy a perspective with which they were not personally comfortable, and individual reflection which forced students to reconcile their beliefs with academic evidence. The results show that even if students did not change their perspectives on economic policy, the reasons why they have those perspectives did change to be based in academic theory and evidence and not their blind adherence to specific political platforms. Journal: The Journal of Economic Education Pages: 225-239 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917567 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917567 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:225-239 Template-Type: ReDIF-Article 1.0 Author-Name: Jennifer Imazeki Author-X-Name-First: Jennifer Author-X-Name-Last: Imazeki Title: Bring-Your-Own-Device: Turning Cell Phones into Forces for Good Abstract: Over the last few years, classroom response systems (or "clickers") have become increasingly common. Although most systems require students to use a standalone handheld device, bring-your-own-device (BYOD) systems allow students to use devices they already own (e.g., a cell phone, tablet or laptop) to submit responses via text message or through a Web browser. In this article, the author discusses the benefits and costs specific to using a bring-your-own-device system and compares these systems to traditional handheld clickers. She particularly focuses on the issues associated with allowing the use of cell phones and laptops in the classroom and offers some advice based on her own experience with a bring-your-own-device system. Journal: The Journal of Economic Education Pages: 240-250 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917898 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917898 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:240-250 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Carroll Author-X-Name-First: Thomas Author-X-Name-Last: Carroll Author-Name: Djeto Assane Author-X-Name-First: Djeto Author-X-Name-Last: Assane Author-Name: Jared Busker Author-X-Name-First: Jared Author-X-Name-Last: Busker Title: Why it Pays to Major in Economics Abstract: In this article, the authors use a large, recent, and accessible data set to examine the effect of economics major on individual earnings. They find a significant positive earnings gain for economics majors relative to other majors, and this advantage increases with the level of education. Their findings are consistent with Black, Sanders, and Taylor (2003), documenting that about two-thirds of the bachelor's degree premium for economics majors can be attributed to the type of job economics majors perform, and about one-third is a premium that economics majors earn over other workers within the same job. Journal: The Journal of Economic Education Pages: 251-261 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917906 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917906 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:251-261 Template-Type: ReDIF-Article 1.0 Author-Name: John V. Winters Author-X-Name-First: John V. Author-X-Name-Last: Winters Author-Name: Weineng Xu Author-X-Name-First: Weineng Author-X-Name-Last: Xu Title: Geographic Differences in the Earnings of Economics Majors Abstract: Economics has been shown to be a relatively high-earning college major, but geographic differences in earnings have been largely overlooked. The authors of this article use the American Community Survey to examine geographic differences in both absolute earnings and relative earnings for economics majors. They find that there are substantial geographic differences in both the absolute and relative earnings of economics majors, even when controlling for individual characteristics such as age, education, occupation, and industry. They argue that mean earnings in specific labor markets are a better measure of the benefits of majoring in economics than simply looking at national averages. Journal: The Journal of Economic Education Pages: 262-276 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917912 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917912 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:262-276 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Title: Publishing Research in the JEE Abstract: Based on several years of editing papers for the Research Section of the Journal of Economic Education, four suggestions are made for increasing the likelihood that a submitted manuscript is accepted for publication. The primary theme is that the hypotheses investigated should be based on economic theory developed in the manuscript, and researchers should carefully plan the research design and data collection before conducting the quasi-experiments common in the economic education literature. Specific examples are given for each suggestion. Journal: The Journal of Economic Education Pages: 277-283 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917913 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917913 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:277-283 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca L. Moryl Author-X-Name-First: Rebecca L. Author-X-Name-Last: Moryl Title: Podcasts as a Tool for Teaching Economics Journal: The Journal of Economic Education Pages: 284-285 Issue: 3 Volume: 45 Year: 2014 Month: 9 X-DOI: 10.1080/00220485.2014.917915 File-URL: http://hdl.handle.net/10.1080/00220485.2014.917915 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:3:p:284-285 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Fifteen Years of Research on Graduate Education in Economics: What Have we Learned? Abstract: In this article, the authors summarize their 15 years of research on graduate education in economics in the United States. They examine all stages of the process, from the undergraduate origins of eventual economics PhDs to their attrition and time-to-degree outcomes. For PhD completers, the authors examine job market outcomes, research accomplishments, and career paths over the first five and 10 years of their careers. Journal: The Journal of Economic Education Pages: 287-303 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.942410 File-URL: http://hdl.handle.net/10.1080/00220485.2014.942410 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:287-303 Template-Type: ReDIF-Article 1.0 Author-Name: Qihui Chen Author-X-Name-First: Qihui Author-X-Name-Last: Chen Author-Name: Guoqiang Tian Author-X-Name-First: Guoqiang Author-X-Name-Last: Tian Author-Name: Tade O. Okediji Author-X-Name-First: Tade O. Author-X-Name-Last: Okediji Title: Quasi-Experimental Evidence of Peer Effects in First-Year Economics Courses at a Chinese University Abstract: The authors of this article implement a quasi-experimental strategy to estimate peer effects in economic education by exploiting the institutional setting in a large public university in China, where roommates are randomly assigned conditional on a student's major and province of origin. They found significant impacts of peer academic quality, measured as roommates' average scores on the national College Entrance Exam, on first-year economics students' scores in first-year microeconomics, macroeconomics, and accounting courses. They also found nonlinearity in peer effects: Roommates' academic ability has significant effects for academically weak students but not for academically strong students. Journal: The Journal of Economic Education Pages: 304-319 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.946546 File-URL: http://hdl.handle.net/10.1080/00220485.2014.946546 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:304-319 Template-Type: ReDIF-Article 1.0 Author-Name: Brandon Dupont Author-X-Name-First: Brandon Author-X-Name-Last: Dupont Title: Father Knows Best: Using Adam Smith to Teach Transactions Costs Abstract: Adam Smith's moral philosophy can be used to introduce economics students to the important idea of transactions costs. The author provides a brief background in this article to Smith's moral philosophy and connects it to the costs of transacting in a way that fits easily into the standard principles of microeconomics classroom. By doing so, instructors can also demonstrate to students that there are connections between ethical behavior and market outcomes. Journal: The Journal of Economic Education Pages: 320-329 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.955439 File-URL: http://hdl.handle.net/10.1080/00220485.2014.955439 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:320-329 Template-Type: ReDIF-Article 1.0 Author-Name: Ludovic A. Julien Author-X-Name-First: Ludovic A. Author-X-Name-Last: Julien Author-Name: Olivier Musy Author-X-Name-First: Olivier Author-X-Name-Last: Musy Author-Name: Aurélien W. Saïdi Author-X-Name-First: Aurélien W. Author-X-Name-Last: Saïdi Title: Exploring Duopoly Markets with Conjectural Variations Abstract: In this article, the authors investigate competitive firm behaviors in a two-firm environment assuming linear cost and demand functions. By introducing conjectural variations, they capture the different market structures as specific configurations of a more general model. Conjectural variations are based on the assumption that each firm believes its own strategy influences its rival's strategy. Firms derive their optimal choice from these exogenous conjectures, under the form of a conjectural best-response function. The authors' approach fully encompasses the standard measures of market power (the Lerner Index) and concentration (the Herfindahl Index), both depending on the conjectural variations. They finally represent, analytically and graphically, the equilibrium strategies and the associated indexes in a unified framework for any level of competition, ranging from perfect competition to collusion. Journal: The Journal of Economic Education Pages: 330-346 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.946545 File-URL: http://hdl.handle.net/10.1080/00220485.2014.946545 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:330-346 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Title: A Guide for Submissions to the Features and Information Section-A Wealth of Opportunities Abstract: The associate editor for the Features and Information (F&I) section of the Journal of Economic Education provides an overview of articles published in this section over the last 20 years with emphasis on pieces that serve as exceptional models for potential contributions. She also offers advice on topics and stylistic approach to authors considering a submission to F&I. Journal: The Journal of Economic Education Pages: 347-359 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.942412 File-URL: http://hdl.handle.net/10.1080/00220485.2014.942412 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:347-359 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Author-Name: David Kauper Author-X-Name-First: David Author-X-Name-Last: Kauper Title: A Survey of Principles Instructors: Why Lecture Prevails Abstract: For many years, surveys have shown that lecture is the dominant method for teaching principles of economics (Watts and Schaur 2011; Watts and Becker 2008; Becker and Watts 1996, 2001a, b). The authors confirm this and augment it by asking why principles instructors teach the way they do. The respondents, 340 principles instructors at the 2012 Allied Social Science Associations (ASSA) conference, group into thirds: one-third saying that students learn best from lecture; another third reporting that students do not learn best from lecture, but it is cost-effective; and the rest answering that students do not learn best from lecture, so alternatives are preferred. Lecture advocates often cite the inputs and costs of teaching while advocates of alternatives often cite student outcomes. Journal: The Journal of Economic Education Pages: 360-375 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.946547 File-URL: http://hdl.handle.net/10.1080/00220485.2014.946547 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:360-375 Template-Type: ReDIF-Article 1.0 Author-Name: James P. McCoy Author-X-Name-First: James P. Author-X-Name-Last: McCoy Author-Name: Martin I. Milkman Author-X-Name-First: Martin I. Author-X-Name-Last: Milkman Author-Name: Riza Marjadi Author-X-Name-First: Riza Author-X-Name-Last: Marjadi Title: The Masters of Economics: Where are we Now? Abstract: In this article, the authors present results from a survey of Masters of Economics program directors to determine the missions, inputs, and outcomes of these degree programs throughout the United States and Canada. They compare results of this survey to those of two previous studies that they conducted 20 and 10 years ago. Respondents were asked to provide information on program admission requirements, curriculum, faculty characteristics, enrollment, graduation rates, student financial support, and placement. The authors describe the changes that have occurred in the most recent decade; determine whether the changes they observed between 1992 and 2002 have continued, been reinforced, or been reversed in the most recent 10 years; and determine whether any consistent long-term trends are evident over the 20 years of study. Journal: The Journal of Economic Education Pages: 376-386 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.955440 File-URL: http://hdl.handle.net/10.1080/00220485.2014.955440 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:376-386 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in Undergraduate Economics Degrees, 1991-2013 Abstract: The 2007-10 growth spurt (18 percent over three years) in U.S. undergraduate economics degrees stalled out in 2011. Degrees awarded have been relatively constant over the past three years. Journal: The Journal of Economic Education Pages: 387-391 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.942411 File-URL: http://hdl.handle.net/10.1080/00220485.2014.942411 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:387-391 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel D. Kuester Author-X-Name-First: Daniel D. Author-X-Name-Last: Kuester Author-Name: G. Dirk Mateer Author-X-Name-First: G. Author-X-Name-Last: Dirk Mateer Author-Name: Christopher J. Youderian Author-X-Name-First: Christopher J. Author-X-Name-Last: Youderian Title: The Economics of The Office Journal: The Journal of Economic Education Pages: 392-392 Issue: 4 Volume: 45 Year: 2014 Month: 12 X-DOI: 10.1080/00220485.2014.955438 File-URL: http://hdl.handle.net/10.1080/00220485.2014.955438 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:45:y:2014:i:4:p:392-392 Template-Type: ReDIF-Article 1.0 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: Linda K. English Author-X-Name-First: Linda K. Author-X-Name-Last: English Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Evaluating the Cooperative Component in Cooperative Learning: A Quasi-Experimental Study Abstract: In this study, the authors employed a quasi-experimental research design to examine the efficacy of a cooperative learning pedagogy (i.e., think-pair-share exercises) integrated into sections of microeconomic principles. Materials, exercises, and assessment instruments for all study sections are identical except for the nature of the problem-solving process used for in-class practice problems. The results suggest that the treatment group of students engaging in think-pair-share problem-solving exercises performed no better on the Test of Understanding in College Economics (Saunders 1991) or overall course scores than students in a control group engaging in independent, in-class, problem solving. Similarly, no differences on measures of student interest, attitudes toward the subject, or other perceptions of the course or instructor emerge between the treatment and control groups. Journal: The Journal of Economic Education Pages: 1-13 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.978923 File-URL: http://hdl.handle.net/10.1080/00220485.2014.978923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:1-13 Template-Type: ReDIF-Article 1.0 Author-Name: Jason E. Dowd Author-X-Name-First: Jason E. Author-X-Name-Last: Dowd Author-Name: Michelle P. Connolly Author-X-Name-First: Michelle P. Author-X-Name-Last: Connolly Author-Name: Robert J. Thompson Author-X-Name-First: Robert J. Author-X-Name-Last: Thompson Author-Name: Julie A. Reynolds Author-X-Name-First: Julie A. Author-X-Name-Last: Reynolds Title: Improved Reasoning in Undergraduate Writing through Structured Workshops Abstract: The Department of Economics at Duke University has endeavored to increase participation in undergraduate honors thesis research while ensuring a high-quality learning experience. Given the faculty-to-student ratio in the department (approximately 1:16), increasing research participation required the creation of a stable, replicable framework for mentoring students through research. The department aimed to make the research experience more consistent and interactive so that students also learned from each other in a group setting. Here, the authors assess the relationship between changes in mentoring support of honors research and students' scientific reasoning and writing skills reflected in their undergraduate theses. They find that students who participated in structured courses designed to support and enhance their research exhibited the strongest learning outcomes, as measured by systematic writing assessment. Journal: The Journal of Economic Education Pages: 14-27 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.978924 File-URL: http://hdl.handle.net/10.1080/00220485.2014.978924 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:14-27 Template-Type: ReDIF-Article 1.0 Author-Name: Gareth P. Green Author-X-Name-First: Gareth P. Author-X-Name-Last: Green Author-Name: Brian D. Kelly Author-X-Name-First: Brian D. Author-X-Name-Last: Kelly Author-Name: Dean J. Peterson Author-X-Name-First: Dean J. Author-X-Name-Last: Peterson Author-Name: John C. Bean Author-X-Name-First: John C. Author-X-Name-Last: Bean Title: Using Integrative Graphic Assignments to Promote Deep Learning of the Market Mechanism Abstract: Economics faculty expect that students have an integrated understanding of economic theory upon graduation and that they grasp and appreciate how all elements of markets naturally move to equilibrium. Through assessment activities, the authors discovered that their students were not developing that knowledge, so they turned to learning theory to help develop assignments that would lead students to integrate across economic theories. The assignments they developed can easily be added to existing curricula and greatly enhance student understanding of how markets work in disequilibrium and equilibrium. Journal: The Journal of Economic Education Pages: 28-44 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.970739 File-URL: http://hdl.handle.net/10.1080/00220485.2014.970739 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:28-44 Template-Type: ReDIF-Article 1.0 Author-Name: Robert D. Lieberthal Author-X-Name-First: Robert D. Author-X-Name-Last: Lieberthal Author-Name: Juan Leon Author-X-Name-First: Juan Author-X-Name-Last: Leon Title: Engaging Health Professionals in Health Economics: A Human Capital Informed Approach for Adults Learning Online Abstract: The authors describe a Wikipedia-based project designed for a graduate course introducing health economics to experienced healthcare professionals. The project allows such students to successfully write articles on niche topics in rapidly evolving health economics subspecialties. These students are given the opportunity to publish their completed projects in Wikipedia. Despite the lack of conventional classroom incentives, the authors have found that the students generally choose to enter their final projects into Wikipedia. The authors explore the motivators for this behavior from the perspective of human capital development and reflect on the implications for enhancing economics education. Finally, they comment more generally on the value of assignments within graduate education that allow adult students to determine their degree of effort and reward along the intensive margin. Journal: The Journal of Economic Education Pages: 45-55 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.979305 File-URL: http://hdl.handle.net/10.1080/00220485.2014.979305 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:45-55 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Author-Name: Darshak Patel Author-X-Name-First: Darshak Author-X-Name-Last: Patel Title: Incorporating Twitter, Instagram, and Facebook in Economics Classrooms Abstract: Social media is one of the most current and dynamic developments in education. In general, the field of economics has lagged behind other disciplines in incorporating technologies in the classroom. In this article, the authors provide a guide for economics educators on how to incorporate Twitter, Instagram, and Facebook inside and outside of the classroom. The authors' aims are to discuss the potential benefits of social media for economics curricula, explain how to effectively use social media, and reduce some of the concerns associated with implementing new technology. Journal: The Journal of Economic Education Pages: 56-67 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.978922 File-URL: http://hdl.handle.net/10.1080/00220485.2014.978922 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:56-67 Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Christophe Poutineau Author-X-Name-First: Jean-Christophe Author-X-Name-Last: Poutineau Author-Name: Gauthier Vermandel Author-X-Name-First: Gauthier Author-X-Name-Last: Vermandel Title: A Primer on Macroprudential Policy Abstract: 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 they get from a basic intermediate macroeconomics. Second, adopting an optimal policy perspective, they show how a policymaker may use macroprudential policy to complete monetary policy measures. Following the Mundellian Policy Assignment principle, macroprudential policy should be specialized to address the procyclicality problem to suppress welfare losses associated with the building of financial imbalances, thus helping monetary policy to concentrate on the output inflation tradeoff. Journal: The Journal of Economic Education Pages: 68-82 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.980527 File-URL: http://hdl.handle.net/10.1080/00220485.2014.980527 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:68-82 Template-Type: ReDIF-Article 1.0 Author-Name: Brooke Helppie McFall Author-X-Name-First: Brooke Helppie Author-X-Name-Last: McFall Author-Name: Marta Murray-Close Author-X-Name-First: Marta Author-X-Name-Last: Murray-Close Author-Name: Robert J. Willis Author-X-Name-First: Robert J. Author-X-Name-Last: Willis Author-Name: Uniko Chen Author-X-Name-First: Uniko Author-X-Name-Last: Chen Title: Is It All Worth It? The Experiences of New PhDs on the Job Market, 2007-10 Abstract: The authors describe job market experiences of new PhD economists, 2007-10. Using information from PhD programs' job candidate Web sites and original surveys, they present information about job candidates' characteristics, preferences, and expectations; how job candidates fared at each stage of the market; and predictors of outcomes at each stage. Some information in this article updates findings of prior studies. However, design features of the data used in this article may result in findings that are more generalizable. This article is unique in comparing premarket expectations and preferences with post-market outcomes on the new PhD job market. It shows that outcomes tend to align with premarket preferences, and candidates' expectations are somewhat predictive of their outcomes. Several analyses also shed light on subgroup differences. Journal: The Journal of Economic Education Pages: 83-104 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.980528 File-URL: http://hdl.handle.net/10.1080/00220485.2014.980528 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:83-104 Template-Type: ReDIF-Article 1.0 Author-Name: J. Michael Collins Author-X-Name-First: J. Author-X-Name-Last: Michael Collins Author-Name: Elizabeth Odders-White Author-X-Name-First: Elizabeth Author-X-Name-Last: Odders-White Title: A Framework for Developing and Testing Financial Capability Education Programs Targeted to Elementary Schools Abstract: Concerns about consumers' ability to manage their finances have triggered a range of proposals, including interventions aimed at elementary school students. The goal of these approaches is to improve lifelong economic decision making, but the evidence supporting their efficacy is thin. In this article, the authors discuss the trend toward elementary financial education and propose a framework for developing evidence-based programs. They emphasize the need for understanding the underlying mechanisms that facilitate the translation of student knowledge into the ability to make sound economic decisions over the life course. The framework illustrates the importance of articulating the intended mechanisms and effects of education programs. This focus on mechanisms will not only facilitate the evaluation of individual programs, but also the synthesis of evidence across interventions. Journal: The Journal of Economic Education Pages: 105-120 Issue: 1 Volume: 46 Year: 2015 Month: 3 X-DOI: 10.1080/00220485.2014.976325 File-URL: http://hdl.handle.net/10.1080/00220485.2014.976325 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:1:p:105-120 Template-Type: ReDIF-Article 1.0 Author-Name: Amélie Goossens Author-X-Name-First: Amélie Author-X-Name-Last: Goossens Author-Name: Pierre-Guillaume Méon Author-X-Name-First: Pierre-Guillaume Author-X-Name-Last: Méon Title: The Belief that Market Transactions Are Mutually Beneficial: A Comparison of the Views of Students in Economics and Other Disciplines Abstract: Using a survey of a large group of first- and final-year students of different disciplines to study their beliefs in the existence of mutual benefits of market transactions, the authors observe significant differences between economics and business students versus students of other disciplines. These differences increase over time, due partly to economics students increasingly supporting the belief and partly to other students, in particular psychology students, increasingly disagreeing with it. The beliefs of economics students are more homogeneous at the end of their studies. The authors, therefore, report evidence of both a selection effect and an effect of studying different disciplines that goes beyond initial self-selection. Journal: The Journal of Economic Education Pages: 121-134 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2014.991482 File-URL: http://hdl.handle.net/10.1080/00220485.2014.991482 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:121-134 Template-Type: ReDIF-Article 1.0 Author-Name: Alan S. Blinder Author-X-Name-First: Alan S. Author-X-Name-Last: Blinder Title: What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery? Abstract: This article comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. The author chose these particular facts from among many for their relevance to the rest of the article. The next two parts take up, first, some of the key lessons that professional economists should have learned from the crisis and its aftermath and second, some important lessons for teaching economics (especially but not exclusively macroeconomics). The two categories of lessons overlap a bit, but it is perhaps surprising how different they are. Journal: The Journal of Economic Education Pages: 135-149 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015190 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015190 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:135-149 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: The Undergraduate Origins of PhD Economists Revisited Abstract: The authors update prior analyses of the undergraduate origins of individuals who earn a PhD in economics in the United States. They include the list of the top institutions worldwide graduating the largest number of undergraduates who subsequently earn an economics PhD from a U.S. university and lists of American institutions with the largest proportion of their total undergraduates and the largest proportion of their economics undergraduates who go on to earn an economics PhD from a U.S. university. They evaluate the success of graduates from various types of undergraduate institutions in terms of the probability of getting into top-15 economics PhD programs and for time-to-degree and success in completing PhD programs. Journal: The Journal of Economic Education Pages: 150-165 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015187 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015187 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:150-165 Template-Type: ReDIF-Article 1.0 Author-Name: Jenny Bourne Author-X-Name-First: Jenny Author-X-Name-Last: Bourne Author-Name: Nathan D. Grawe Author-X-Name-First: Nathan D. Author-X-Name-Last: Grawe Title: How Broad Liberal Arts Training Produces PhD Economists: Carleton's Story Abstract: Several recent studies point to strong performance in economics PhD programs of graduates from liberal arts colleges. While every undergraduate program is unique and the likelihood of selection bias combines with small sample sizes to caution against drawing strong conclusions, the authors reflect on their experience at Carleton College to identify potentially generalizable principles. They believe that accessibility of the curriculum to non-majors, intense faculty supervision of student-driven research, in-depth advising, and careful programming contribute to Carleton College's recent success in producing PhDs. Although some of the practices can be easily adapted, the authors note large opportunity costs associated with many of the choices the College has made. Journal: The Journal of Economic Education Pages: 166-173 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015188 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015188 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:166-173 Template-Type: ReDIF-Article 1.0 Author-Name: Martha L. Olney Author-X-Name-First: Martha L. Author-X-Name-Last: Olney Title: The Undergraduate Origins of PhD Economists: The Berkeley Experience Abstract: 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 and interviewed two groups: economics student services staff and a self-selected focus group of twelve economics undergraduates who plan to apply to PhD programs. Four factors came up repeatedly in these conversations: math preparation, advanced track for theory courses, research opportunities, and availability of information. A fifth factor was implicit in the conversations: peer effects. Journal: The Journal of Economic Education Pages: 174-188 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015189 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015189 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:174-188 Template-Type: ReDIF-Article 1.0 Author-Name: Philip N. Jefferson Author-X-Name-First: Philip N. Author-X-Name-Last: Jefferson Author-Name: Ellen Magenheim Author-X-Name-First: Ellen Author-X-Name-Last: Magenheim Title: Liberal Arts Colleges and the Production of PhD Economists Abstract: Data from the National Science Foundation (2014) indicate that at least one PhD in economics was awarded to a Swarthmore College graduate in every year since 1966. The authors' purpose in this article is to consider factors that may have contributed to the high number of PhDs in economics awarded to Swarthmore College graduates. While there is little doubt that self-selection plays a significant role, they describe curricular and environmental aspects of the economics department at Swarthmore that may have contributed to this outcome. Journal: The Journal of Economic Education Pages: 189-199 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015191 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015191 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:189-199 Template-Type: ReDIF-Article 1.0 Author-Name: Kiran Gajwani Author-X-Name-First: Kiran Author-X-Name-Last: Gajwani Author-Name: Jeffrey Miron Author-X-Name-First: Jeffrey Author-X-Name-Last: Miron Title: Engaging Undergraduates in Economics Abstract: Siegfried and Stock (2007) explore the undergraduate training of PhD economists. Their findings show that among U.S. undergraduate economics programs, the Harvard University Economics Department produces many eventual economics PhD recipients. In this article, the authors discuss Harvard's undergraduate economics program and highlight some key features. Harvard undergraduate economics students are not explicitly pushed into economics PhD programs. Instead, they are exposed to economics research early and often, allowing them to see and experience the potential of economics training to explore a variety of interesting questions and career possibilities. Additionally, while acknowledging the benefits of small classes and cohorts at liberal arts colleges, the Harvard undergraduate economics program believes it is possible for large economics departments to create an economics community and actively engage undergraduates in economics. Journal: The Journal of Economic Education Pages: 200-206 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015193 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015193 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:200-206 Template-Type: ReDIF-Article 1.0 Author-Name: Rosemarie Fike Author-X-Name-First: Rosemarie Author-X-Name-Last: Fike Author-Name: James Gwartney Author-X-Name-First: James Author-X-Name-Last: Gwartney Title: Public Choice, Market Failure, and Government Failure in Principles Textbooks Abstract: Public choice uses the tools of economics to analyze how the political process allocates resources and impacts economic activity. In this study, the authors examine twenty-three principles texts regarding coverage of public choice, market failure, and government failure. Approximately half the texts provide coverage of public choice and recognize the presence of both government and market failure. The coverage of market failure is nearly six times that of government failure. Given the size and scope of government, analysis of the strengths and weaknesses of both market and political allocation is important to student understanding of modern economies. Journal: The Journal of Economic Education Pages: 207-218 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2014.1002962 File-URL: http://hdl.handle.net/10.1080/00220485.2014.1002962 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:207-218 Template-Type: ReDIF-Article 1.0 Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Grades, Coursework, and Student Characteristics in High School Economics Abstract: The authors use U.S. public and private high school transcripts to analyze grade distribution patterns in economics courses across student and school characteristics, and compare these grades to those earned in other selected high school courses. Results are reported for the 53 percent of 2009 high school graduates who took a basic economics course and the additional 5 percent who took a college-level course in high school. Basic economics grades were relatively high but within range compared to grades earned in other social studies courses, and higher than the grades in mathematics and science courses. College-level economics grades were lower on average than those earned in college-level social studies courses, comparable to grades in college-level mathematics courses, and lower than grades in college-level science courses. Journal: The Journal of Economic Education Pages: 219-230 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1015192 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1015192 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:219-230 Template-Type: ReDIF-Article 1.0 Author-Name: Howard H. Cochran Author-X-Name-First: Howard H. Author-X-Name-Last: Cochran Author-Name: Marieta V. Velikova Author-X-Name-First: Marieta V. Author-X-Name-Last: Velikova Author-Name: Brad D. Childs Author-X-Name-First: Brad D. Author-X-Name-Last: Childs Author-Name: Lakisha L. Simmons Author-X-Name-First: Lakisha L. Author-X-Name-Last: Simmons Title: Apps for Economics Journal: The Journal of Economic Education Pages: 231-232 Issue: 2 Volume: 46 Year: 2015 Month: 4 X-DOI: 10.1080/00220485.2015.1006745 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1006745 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:2:p:231-232 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: Tisha Emerson Author-X-Name-First: Tisha Author-X-Name-Last: Emerson Author-Name: Gail Hoyt Author-X-Name-First: Gail Author-X-Name-Last: Hoyt Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Georg Schaur Author-X-Name-First: Georg Author-X-Name-Last: Schaur Author-Name: William E. Becker Author-X-Name-First: William E. Author-X-Name-Last: Becker Title: In Memory of Michael Watts (November 3, 1950-December 5, 2014) Journal: The Journal of Economic Education Pages: 233-238 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040184 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040184 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:233-238 Template-Type: ReDIF-Article 1.0 Author-Name: Vincenzo Andrietti Author-X-Name-First: Vincenzo Author-X-Name-Last: Andrietti Author-Name: Carlos Velasco Author-X-Name-First: Carlos Author-X-Name-Last: Velasco Title: Lecture Attendance, Study Time, and Academic Performance: A Panel Data Study Abstract: The authors analyze matched administrative survey data on economics students enrolled in two econometrics courses offered in consecutive terms at a major public university in Spain to assess the impact of lecture attendance and study time on academic performance. Using proxy variables in a cross-sectional regression setting, they find a positive and significant effect of attendance and study time, with a substantially higher return on each additional hour of attendance. However, when panel data first-difference estimators are used to eliminate time-invariant individual-specific unobservables possibly correlated with regressors of interest, the attendance effect disappears, while study time substantially increases its economic impact. These results suggest that study time may be much more important than attendance as a causal determinant of academic performance. Journal: The Journal of Economic Education Pages: 239-259 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040182 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040182 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:239-259 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen J. Schmidt Author-X-Name-First: Stephen J. Author-X-Name-Last: Schmidt Title: Examining Theories of Distributive Justice with an Asymmetric Public Goods Game Abstract: In this article, the author presents an asymmetric version of the familiar public goods classroom experiment, in which some players are given more tokens to invest than others, and players collectively decide whether to divide the return to the group investment asymmetrically as well. The asymmetry between players raises normative issues about fairness, rights, and equality that are not present in the symmetric game, where efficiency is the major relevant normative concept. Playing the game in class requires students to confront the distributional question and shows how issues of efficiency can become entangled with other moral issues when solving economic policy problems. The game allows instructors to incorporate theories of distributive justice into economic reasoning in the classroom, as has been widely suggested recently. Journal: The Journal of Economic Education Pages: 260-273 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040181 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040181 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:260-273 Template-Type: ReDIF-Article 1.0 Author-Name: Prakarsh Singh Author-X-Name-First: Prakarsh Author-X-Name-Last: Singh Author-Name: Hongye Guo Author-X-Name-First: Hongye Author-X-Name-Last: Guo Author-Name: Alvaro Morales Author-X-Name-First: Alvaro Author-X-Name-Last: Morales Title: A Research-Based Development Economics Course for Undergraduates Abstract: The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original research paper. The project required using econometric analyses on an existing data set that was available online to answer a question in development economics. The authors illustrate how the three elements of the class complemented each other and provide a case study as an example. Journal: The Journal of Economic Education Pages: 274-284 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040180 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040180 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:274-284 Template-Type: ReDIF-Article 1.0 Author-Name: Mike Aguilar Author-X-Name-First: Mike Author-X-Name-Last: Aguilar Author-Name: Daniel Soques Author-X-Name-First: Daniel Author-X-Name-Last: Soques Title: Fiscal Challenge: An Experiential Exercise in Policy Making Abstract: In this article, the authors introduce a pedagogical innovation that is designed to enhance students' understanding of fiscal policy in general, and the national debt and deficit in particular. The innovation leverages the educational advantages offered through a competitive environment by pitting teams of students against one another with the goal of devising the best plan to put the United States on a sustainable fiscal path. The current incarnation of the competition, which is referred to as the Fiscal Challenge, confronts the students with the specific task of stabilizing the U.S. Federal Debt-to-GDP ratio. The Fiscal Challenge currently is being implemented as a nationwide, inter-university, extracurricular activity; however, it can easily be customized to fit within a traditional classroom setting. Journal: The Journal of Economic Education Pages: 285-299 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040179 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040179 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:285-299 Template-Type: ReDIF-Article 1.0 Author-Name: Humberto Barreto Author-X-Name-First: Humberto Author-X-Name-Last: Barreto Title: Why Excel? Abstract: This article is not the usual Excel pedagogy fare in that it does not provide an application or example taught via a spreadsheet. Instead, it briefly reviews the history of spreadsheets in the economics classroom and explores the current environment, with an emphasis on modern learning theory. The conclusion is not surprising: spreadsheets improve learning outcomes across the economics curriculum and are increasingly being used. They offer the "just right" option that gives a middle way between too little and too much focus on software in an economics course. Journal: The Journal of Economic Education Pages: 300-309 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1029177 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1029177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:300-309 Template-Type: ReDIF-Article 1.0 Author-Name: Cynthia L. Harter Author-X-Name-First: Cynthia L. Author-X-Name-Last: Harter Author-Name: Georg Schaur Author-X-Name-First: Georg Author-X-Name-Last: Schaur Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: What Do Teaching Weights Tell Us? Abstract: Academic departments assign different relative weights to the importance of teaching and research. Those weights are used in making decisions about promotion, tenure, and annual raises. Presumably, raising the teaching weight should encourage faculty to increase time on teaching. Using survey data from U.S. faculty in 1995, 2000, 2005, and 2010, researchers show that at different schools teaching weights overlap extensively but vary, and that within different types of schools, those weights vary systematically based on class sizes in principles and intermediate theory courses, school or enrollment size, and for faculty who are assigned to teach principles classes. If departments and schools use teaching weights as a discretionary policy, successful implementation likely depends on adapting the policies to fit school, department, and faculty characteristics. Journal: The Journal of Economic Education Pages: 310-323 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040183 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040183 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:310-323 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Michael Watts Author-X-Name-First: Michael Author-X-Name-Last: Watts Title: Perspectives on Economics in the School Curriculum: Coursework, Content, and Research Abstract: This review describes the conditions for teaching economics in the kindergarten through twelfth grade (K-12) curriculum in U.S. schools. The first section presents data on course-taking in economics in high schools and state mandates for economics instruction. It discusses the value of the infusion approach to teaching economics either in place of a separate course or as a complement to it. The second section describes the economic content that is taught to students as presented in content guides and standards. The final section presents research findings on (1) test instruments for measuring outcomes from economics instruction, (2) the effect of teacher coursework and training on the student economic understanding, and (3) how instructional materials complement or substitute for instructor selection and training. Journal: The Journal of Economic Education Pages: 324-339 Issue: 3 Volume: 46 Year: 2015 Month: 7 X-DOI: 10.1080/00220485.2015.1040185 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1040185 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:3:p:324-339 Template-Type: ReDIF-Article 1.0 Author-Name: Matthew C. Rousu Author-X-Name-First: Matthew C. Author-X-Name-Last: Rousu Author-Name: Jay R. Corrigan Author-X-Name-First: Jay R. Author-X-Name-Last: Corrigan Author-Name: David Harris Author-X-Name-First: David Author-X-Name-Last: Harris Author-Name: Jill K. Hayter Author-X-Name-First: Jill K. Author-X-Name-Last: Hayter Author-Name: Scott Houser Author-X-Name-First: Scott Author-X-Name-Last: Houser Author-Name: Becky A. Lafrancois Author-X-Name-First: Becky A. Author-X-Name-Last: Lafrancois Author-Name: Olugbenga Onafowora Author-X-Name-First: Olugbenga Author-X-Name-Last: Onafowora Author-Name: Gregory Colson Author-X-Name-First: Gregory Author-X-Name-Last: Colson Author-Name: Adam Hoffer Author-X-Name-First: Adam Author-X-Name-Last: Hoffer Title: Do Monetary Incentives Matter in Classroom Experiments? Effects on Course Performance Abstract: Using 641 principles of economics students across four universities, the authors examine whether providing monetary incentives in a prisoner's dilemma game enhances student learning as measured by a set of common exam questions. Subjects either play a two-player prisoner's dilemma game for real money, play the same game with no money at stake (i.e., play a hypothetical version), or are in a control group where no game is played. The authors find strong evidence that students who played the classroom game for real money earned higher test scores than students who played the hypothetical game or where no game was played. Their findings challenge the conventional wisdom that monetary incentives are unnecessary in classroom experiments. Journal: The Journal of Economic Education Pages: 341-349 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071214 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071214 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:341-349 Template-Type: ReDIF-Article 1.0 Author-Name: Jennjou Chen Author-X-Name-First: Jennjou Author-X-Name-Last: Chen Author-Name: Tsui-Fang Lin Author-X-Name-First: Tsui-Fang Author-X-Name-Last: Lin Title: Effect of Peer Attendance on College Students' Learning Outcomes in a Microeconomics Course Abstract: The authors' main purpose in this article is to examine whether peer presence, measured by overall class attendance rate, has any significant effect on college students' academic performance. They use a rich dataset from an intermediate microeconomics course from the fall of 2008 to the spring of 2013 at a public university in Taiwan. The estimation results reveal a significant and negative effect of peer attendance on individual students' examination performance. This result suggests that potential distraction from peers dominates the beneficial effect of peer attendance. In addition, the subsample estimation shows that the presence of peers produces a negative effect on better-motivated students' examination performance. Hence, the beneficial effects of a typical mandatory attendance policy considered in prior literature must be reassessed. Journal: The Journal of Economic Education Pages: 350-359 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071224 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071224 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:350-359 Template-Type: ReDIF-Article 1.0 Author-Name: Koen Deconinck Author-X-Name-First: Koen Author-X-Name-Last: Deconinck Title: Trust Me, I'm a Doctor: A PhD Survival Guide Abstract: So, you have decided to do a PhD ... now what? In this essay, the author provides some advice for beginning PhD students, basically sharing what he would tell his younger self. Doing a PhD is a transformative experience, but the process is challenging, not merely on an intellectual level but also psychologically. To overcome these challenges, one needs a certain mindset and a bag of tricks. The author offers some help for getting in the right mindset, and shares some of his own tricks for studying, research, and productivity in general. Journal: The Journal of Economic Education Pages: 360-375 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071223 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071223 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:360-375 Template-Type: ReDIF-Article 1.0 Author-Name: Sebastien Buttet Author-X-Name-First: Sebastien Author-X-Name-Last: Buttet Author-Name: Udayan Roy Author-X-Name-First: Udayan Author-X-Name-Last: Roy Title: Macroeconomic Stabilization When the Natural Real Interest Rate Is Falling Abstract: 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 show that even when the zero lower bound is not binding, a prudent central bank must match every decrease in the natural real interest rate with an equal increase in the target rate of inflation in order to stabilize the risk of the economy falling into a deflationary spiral, which is an acute case of simultaneously falling output and inflation in which the economy's self-correcting forces are inactive. Journal: The Journal of Economic Education Pages: 376-393 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071218 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071218 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:376-393 Template-Type: ReDIF-Article 1.0 Author-Name: Roberto Duncan Author-X-Name-First: Roberto Author-X-Name-Last: Duncan Title: A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies Abstract: 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 undergraduate level. The simplified model is employed for qualitatively explaining facts such as the highly countercyclicality of the trade balance and the higher volatility of output and consumption compared with those observed in advanced countries. Journal: The Journal of Economic Education Pages: 394-402 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071221 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071221 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:394-402 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher C. Klein Author-X-Name-First: Christopher C. Author-X-Name-Last: Klein Title: The Music Industry as a Vehicle for Economic Analysis Abstract: Issues arising in the music industry in response to the availability of digital music files provide an opportunity for exposing undergraduate students to economic analyses rarely covered in the undergraduate economics curriculum. Three of these analyses are covered here: the optimal copyright term, the effect of piracy or illegal file sharing, and the economics of multisided markets. These analyses also apply to the book publishing, newspaper, and motion picture industries to varying degrees. While the mathematical and graphical treatments shown here are likely too advanced for the typical principles course, they are suitable for upper-level undergraduate courses such as Intermediate Economic Theory, Business and Government, Public Policy, Managerial Economics, Music/Media/Entertainment Economics, or others at the discretion of the instructor. Journal: The Journal of Economic Education Pages: 403-411 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071220 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071220 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:403-411 Template-Type: ReDIF-Article 1.0 Author-Name: Jill L. Caviglia-Harris Author-X-Name-First: Jill L. Author-X-Name-Last: Caviglia-Harris Author-Name: Richard T. Melstrom Author-X-Name-First: Richard T. Author-X-Name-Last: Melstrom Title: Airing Your Dirty Laundry: A Quick Marketable Pollution Permits Game for the Classroom Abstract: In this article, the authors describe a simple classroom game that demonstrates the advantage of tradable emissions permits in regulating environmental pollution. Students take on the role of polluters who must consider the costs of complying with a uniform reduction and a tradable permits program. The class is divided into high-cost polluters and low-cost polluters so students can observe the gains from trade as high-cost students purchase pollution rights from the low-cost students in the tradable permits scenario. A major advantage of the game is that it can be conducted within as little as 20 minutes and does not require that students have prior knowledge of economics or regulatory policies. This makes the game appropriate for economics and noneconomics courses alike. Journal: The Journal of Economic Education Pages: 412-419 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071217 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071217 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:412-419 Template-Type: ReDIF-Article 1.0 Author-Name: Diego Méndez-Carbajo Author-X-Name-First: Diego Author-X-Name-Last: Méndez-Carbajo Title: Visualizing Data and the Online FRED Database Abstract: The author discusses a pedagogical strategy based on data visualization and analysis in the teaching of intermediate macroeconomics and financial economics. In these short projects, students collect and manipulate economic data from the online Federal Reserve Economic Database (FRED) in order to illustrate theoretical relationships discussed in class. All the data collection and manipulation tasks are conducted through the FRED Web site. The author argues that as students locate and effectively use the quantitative information that they need to evaluate abstract concepts, they are in effect developing the connection between theories and empirical evidence that underpins the discipline of economics. Journal: The Journal of Economic Education Pages: 420-429 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071222 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071222 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:420-429 Template-Type: ReDIF-Article 1.0 Author-Name: Lucas M. Engelhardt Author-X-Name-First: Lucas M. Author-X-Name-Last: Engelhardt Title: Simulating Price-Taking Abstract: In this article, the author presents a price-takers' market simulation geared toward principles-level students. This simulation demonstrates that price-taking behavior is a natural result of the conditions that create perfect competition. In trials, there is a significant degree of price convergence in just three or four rounds. Students find this simulation to be a fun, educational experience that adds value to their understanding of competitive markets. Journal: The Journal of Economic Education Pages: 430-439 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071219 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071219 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:430-439 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Erfle Author-X-Name-First: Stephen Author-X-Name-Last: Erfle Title: On Using a Barter Edgeworth Box to Discuss Efficiency Early in the Semester Journal: The Journal of Economic Education Pages: 440-441 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071225 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071225 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:440-441 Template-Type: ReDIF-Article 1.0 Author-Name: Adalbert Mayer Author-X-Name-First: Adalbert Author-X-Name-Last: Mayer Title: Connecting Supply and Demand-An Interactive Visualization Journal: The Journal of Economic Education Pages: 442-442 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071215 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071215 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:442-442 Template-Type: ReDIF-Article 1.0 Author-Name: Kim Holder Author-X-Name-First: Kim Author-X-Name-Last: Holder Author-Name: Adam Hoffer Author-X-Name-First: Adam Author-X-Name-Last: Hoffer Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Author-Name: Solina Lindahl Author-X-Name-First: Solina Author-X-Name-Last: Lindahl Title: Rockonomix Journal: The Journal of Economic Education Pages: 443-443 Issue: 4 Volume: 46 Year: 2015 Month: 10 X-DOI: 10.1080/00220485.2015.1071216 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1071216 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:443-443 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Green Author-X-Name-First: Alan Author-X-Name-Last: Green Title: Significant returns in engagement and performance with a free teaching app Abstract: Pedagogical research shows that teaching methods other than traditional lectures may result in better outcomes. However, lecture remains the dominant method in economics, likely due to high implementation costs of methods shown to be effective in the literature. In this article, the author shows significant benefits of using a teaching app for clicker questions and exit tickets (a digital one-minute paper) in lectures with minimal time commitment and outside preparation. The use of the teaching app improved exam performance by over 8 percent, on average, compared to a control section of traditional lecture and discussion in principles classes. Journal: The Journal of Economic Education Pages: 1-10 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106359 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106359 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:1-10 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Introduction to symposium on opportunity cost Journal: The Journal of Economic Education Pages: 11-11 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106370 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106370 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:11-11 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Parkin Author-X-Name-First: Michael Author-X-Name-Last: Parkin Title: Opportunity cost: A reexamination Journal: The Journal of Economic Education Pages: 12-22 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106361 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106361 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:12-22 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel G. Arce Author-X-Name-First: Daniel G. Author-X-Name-Last: Arce Title: Opportunity cost and the intelligence of economists: A comment Journal: The Journal of Economic Education Pages: 23-25 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106367 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106367 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:23-25 Template-Type: ReDIF-Article 1.0 Author-Name: Rod O’Donnell Author-X-Name-First: Rod Author-X-Name-Last: O’Donnell Title: Complexities in the examination of opportunity cost Journal: The Journal of Economic Education Pages: 26-31 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106368 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106368 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:26-31 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel F. Stone Author-X-Name-First: Daniel F. Author-X-Name-Last: Stone Title: Comments on “Opportunity cost: A reexamination”: A case in point of no free lunch Journal: The Journal of Economic Education Pages: 32-34 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106369 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:32-34 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Parkin Author-X-Name-First: Michael Author-X-Name-Last: Parkin Title: Opportunity cost: A reply Journal: The Journal of Economic Education Pages: 35-39 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106366 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106366 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:35-39 Template-Type: ReDIF-Article 1.0 Author-Name: Sahan T. M. Dissanayake Author-X-Name-First: Sahan T. M. Author-X-Name-Last: Dissanayake Title: Using STELLA simulation models to teach natural resource economics Abstract: In this article, the author discusses how graphical simulation models created using STELLA software can be used to present natural resource systems in an intuitive way in undergraduate natural resource economics classes based on his experiences at a leading research university, a state university, and a leading liberal arts college in the United States. The models allow students to develop an intuitive understanding of the economic aspects of natural resource systems. The author provides a short introduction to STELLA and then presents an economic model of the fishery in detail as an example of how models can be used in a classroom. He then discusses how he incorporates STELLA into his natural resource economics course, and closes the article by comparing STELLA with alternate methods. Journal: The Journal of Economic Education Pages: 40-48 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106358 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106358 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:40-48 Template-Type: ReDIF-Article 1.0 Author-Name: William G. Morrison Author-X-Name-First: William G. Author-X-Name-Last: Morrison Title: Product bundling and shared information goods: A pricing exercise Abstract: In this article, the author describes an exercise in which two pricing problems (product bundling and the sharing of digital information goods) can be understood using the same analytical approach. The exercise allows students to calculate the correct numerical answers with relative ease, while the teaching plan demonstrates the importance of the distribution of reservation prices across consumers in determining the optimal pricing strategies. Journal: The Journal of Economic Education Pages: 49-63 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106360 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106360 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:49-63 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca L. Moryl Author-X-Name-First: Rebecca L. Author-X-Name-Last: Moryl Title: Pod learning: Student groups create podcasts to achieve economics learning goals Abstract: In this article, the author describes a group project to create student-generated podcasts on economics topics. This project provides an innovative opportunity for students to demonstrate proficiency in skills required for the undergraduate economics major and valued in the professional marketplace. Results of a student self-assessment survey on the project reflect findings in the literature that collaborative assignments utilizing technology tools can provide opportunities for students to practice their economic proficiencies, for instructors to assess even the higher-level proficiencies, and for students to enjoy the learning process. Journal: The Journal of Economic Education Pages: 64-70 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106363 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106363 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:64-70 Template-Type: ReDIF-Article 1.0 Author-Name: Mary C. Suiter Author-X-Name-First: Mary C. Author-X-Name-Last: Suiter Author-Name: Keith G. Taylor Author-X-Name-First: Keith G. Author-X-Name-Last: Taylor Title: Resources for economic educators from the Federal Reserve Bank of St. Louis Abstract: The Federal Reserve Bank of St. Louis has a long history of providing economic and financial information to the public that continues today, although the format, delivery, and amount of information have changed over the years. Today, the St. Louis Fed provides Web-based data and information services, including FRED® and FRASER®, and publications, online courses, videos, podcasts, and much more that cover a wide array of economic topics. All these materials provide opportunities to engage students and enhance instruction in college classrooms. Journal: The Journal of Economic Education Pages: 71-75 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106365 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106365 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:71-75 Template-Type: ReDIF-Article 1.0 Author-Name: Michael R. Hammock Author-X-Name-First: Michael R. Author-X-Name-Last: Hammock Author-Name: P. Wesley Routon Author-X-Name-First: P. Wesley Author-X-Name-Last: Routon Author-Name: Jay K. Walker Author-X-Name-First: Jay K. Author-X-Name-Last: Walker Title: The opinions of economics majors before and after learning economics Abstract: Using longitudinal data on undergraduates from 463 American colleges and universities from 1994--99, the authors examine how majoring in economics affects student opinions on 13 social, political, and economic issues. Economics majors were found to begin and end their college tenure with differing opinions on several issues when compared to other majors, and studying economics was found to be related to changes in several opinions. On the whole, studying economics appeared to increase beliefs in favor of personal freedom and decrease support for government intervention in markets. However, the authors find little evidence that economics majors leave college more united on their opinions when compared to the general student population. Journal: The Journal of Economic Education Pages: 76-83 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106927 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:76-83 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Maier Author-X-Name-First: Mark Author-X-Name-Last: Maier Author-Name: W. Edward Chi Author-X-Name-First: W. Edward Author-X-Name-Last: Chi Title: Community college economics instruction: Results from a National Science Foundation Project Abstract: The principal investigator of a National Science Foundation project, “Economics at Community Colleges,” surveyed community college economics faculty and organized workshops, webinars, and regional meetings to address community college faculty isolation from new ideas in economics and economics instruction. Survey results, combined with National Study of Postsecondary Faculty data, help fill a lacuna in information about community college faculty. A key finding is the reliance in community college economic instruction on part-time faculty, including many who do not hold a graduate degree in economics. The project's webinars reached the most community college faculty, while the workshops were most effective in improving economics instruction. Areas for future research are identified. Journal: The Journal of Economic Education Pages: 84-88 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106364 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:84-88 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 1991--2014 Abstract: The 2007--10 growth spurt (18 percent over 3 years) in U.S. undergraduate economics degrees stalled in 2011. Degrees awarded were stagnant over the succeeding three years but show evidence of accelerating rapidly again in 2013--14. Journal: The Journal of Economic Education Pages: 89-93 Issue: 1 Volume: 47 Year: 2016 Month: 1 X-DOI: 10.1080/00220485.2015.1106371 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106371 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:1:p:89-93 Template-Type: ReDIF-Article 1.0 Author-Name: Carsten Erner Author-X-Name-First: Carsten Author-X-Name-Last: Erner Author-Name: Michael Goedde-Menke Author-X-Name-First: Michael Author-X-Name-Last: Goedde-Menke Author-Name: Michael Oberste Author-X-Name-First: Michael Author-X-Name-Last: Oberste Title: Financial literacy of high school students: Evidence from Germany Abstract: After graduating high school, underage individuals soon face ever more complex and important financial decisions. Pivotal to the development of improved financial literacy programs is a comprehensive examination of financial literacy levels and potentially related factors. The authors conducted a survey among German high school students and found similarly weak performances on standard financial literacy measures as have been documented for other samples. Female students and those with a low level of integration exhibit significantly lower financial literacy across measures. Additionally, basic financial literacy is related to mathematical skills, while sophisticated financial literacy is related to a student's general cognitive aptitude and foreign language skills. Subpopulations identified by these factors should be given attention in the development of more targeted financial literacy programs. Journal: The Journal of Economic Education Pages: 95-105 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146102 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146102 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:95-105 Template-Type: ReDIF-Article 1.0 Author-Name: Edward Hubbard Author-X-Name-First: Edward Author-X-Name-Last: Hubbard Author-Name: Percival Matthews Author-X-Name-First: Percival Author-X-Name-Last: Matthews Author-Name: Anya Samek Author-X-Name-First: Anya Author-X-Name-Last: Samek Title: Using online compound interest tools to improve financial literacy Abstract: The widespread use of personal computing presents the opportunity to design educational materials that can be delivered online, potentially addressing low financial literacy. The authors developed and evaluated three different educational tools focusing on interest compounding. In the authors’ laboratory experiment, individuals were randomized to one of three display tools: text, linear graph, or volumetric graph. They found that the text and volumetric tools were most effective at improving understanding of interest compounding, whereas individuals using the linear tool made little gains. The superiority of the text over the linear tool runs counter to the prediction of theories that suggest advantages of graphics over text. For researchers, the authors’  findings highlight the importance of pedagogy evaluation. For practitioners, they provide research-validated tools for online dissemination. Journal: The Journal of Economic Education Pages: 106-120 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146097 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146097 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:106-120 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Jamie Wagner Author-X-Name-First: Jamie Author-X-Name-Last: Wagner Title: The disaggregation of value-added test scores to assess learning outcomes in economics courses Abstract: This study disaggregates posttest, pretest, and value-added or difference scores in economics into four types of economic learning: positive, retained, negative, and zero. The types are derived from patterns of student responses to individual items on a multiple-choice test. The micro and macro data from the Test of Understanding in College Economics (TUCE) are used to show how aggregate scores can be reinterpreted based on their learning components. The regression analysis shows the relative contribution from learning components to aggregate scores. A value-added or difference score has a potential problem because it is a mixture of positive and negative learning.  A better alternative would be to use the positive learning scores to assess improvement in economic understanding. Journal: The Journal of Economic Education Pages: 121-131 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146104 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146104 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:121-131 Template-Type: ReDIF-Article 1.0 Author-Name: Paula Aguiló Author-X-Name-First: Paula Author-X-Name-Last: Aguiló Author-Name: Maria Sard Author-X-Name-First: Maria Author-X-Name-Last: Sard Author-Name: Maria Tugores Author-X-Name-First: Maria Author-X-Name-Last: Tugores Title: Price discrimination: A classroom experiment Abstract: In this article, the authors describe a classroom experiment aimed at familiarizing students with different types of price discrimination (first-, second-, and third-degree price discrimination). During the experiment, the students were asked to decide what tariffs to set as monopolists for each of the price discrimination scenarios under consideration. The objective was to allow the students to work empirically, through trial and error, selecting tariffs for each type of discrimination that would maximize a monopolistic entrepreneur's profits. The purpose of the exercise also was to enable the students to differentiate each type of price discrimination and to set tariffs in each case, as well to help them understand the repercussions in terms of welfare for each type of price discrimination. Journal: The Journal of Economic Education Pages: 132-139 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146095 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146095 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:132-139 Template-Type: ReDIF-Article 1.0 Author-Name: Judith A. McDonald Author-X-Name-First: Judith A. Author-X-Name-Last: McDonald Author-Name: Robert J. Thornton Author-X-Name-First: Robert J. Author-X-Name-Last: Thornton Title: Estimating gender wage gaps: A data update Abstract: In the authors’ 2011 JEE article, “Estimating Gender Wage Gaps,” they described an interesting class project that allowed students to estimate the current gender earnings gap for recent college graduates using data from the National Association of Colleges and Employers (NACE). Unfortunately, since 2012, NACE no longer reports starting salaries for college graduates broken down by gender. In this note, the authors describe several alternative data options that instructors can use for the class project using the simulation procedure that was described in the earlier article. Journal: The Journal of Economic Education Pages: 140-141 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146100 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146100 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:140-141 Template-Type: ReDIF-Article 1.0 Author-Name: Sahan T. M. Dissanayake Author-X-Name-First: Sahan T. M. Author-X-Name-Last: Dissanayake Author-Name: Sarah A. Jacobson Author-X-Name-First: Sarah A. Author-X-Name-Last: Jacobson Title: Policies with varying costs and benefits: A land conservation classroom game Abstract: Some policies try to maximize net benefits by targeting different individuals to participate. This is difficult when costs and benefits of participation vary independently, such as in land conservation. The authors share a classroom game that explores cases in which minimizing costs may not maximize benefits and vice versa. The game is a contextually rich pedagogical tool, putting students in the role of landowners who must decide whether to conserve land in different policy environments: flat conservation payments, agglomeration bonuses, and a conservation auction. Students learn about specific issues in land conservation, ecosystem services, preferences for nonmoney outcomes, and general issues in policymaking. The game is suited to classes in environmental, resource, agricultural, and policy economics, and more general classes in microeconomics and public policy. Journal: The Journal of Economic Education Pages: 142-160 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146098 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146098 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:142-160 Template-Type: ReDIF-Article 1.0 Author-Name: Ishuan Li Author-X-Name-First: Ishuan Author-X-Name-Last: Li Author-Name: Robert Simonson Author-X-Name-First: Robert Author-X-Name-Last: Simonson Title: Capstone senior research course in economics Abstract: In this article, the authors describe the structure and assessment of a capstone course in economics. The outcomes are noteworthy for three reasons. First, among cited evidence to date, this is the only undergraduate economics program from a nonselective public university reporting similar achievements in undergraduate research paper publications. Second, the program reports learning outcomes of a relatively new instrument in standardized test (ETS MFT Economics) to measure attainment of proficiencies in economics. Finally, it introduces undergraduate research paper competition outcomes as a measure of student paper quality. Journal: The Journal of Economic Education Pages: 161-167 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146103 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146103 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:161-167 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Kovzik Author-X-Name-First: Alexander Author-X-Name-Last: Kovzik Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Title: Comparative economics systems in the undergraduate curriculum: An update Abstract: In this study, the authors report on the status of comparative economics systems in the U.S. undergraduate economics curriculum. The treatment of comparative economics systems topics in introductory courses is examined through a survey of standard textbooks. To evaluate comparative economics systems at the advanced undergraduate level, they rely on survey data, searches of course catalogs, and an evaluation of available textbooks. They find course offerings in comparative economics systems have declined noticeably in the past ten years, with departments shifting to courses that study the economics of specific regions or countries. Journal: The Journal of Economic Education Pages: 168-173 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2015.1106362 File-URL: http://hdl.handle.net/10.1080/00220485.2015.1106362 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:168-173 Template-Type: ReDIF-Article 1.0 Author-Name: Gloria Allione Author-X-Name-First: Gloria Author-X-Name-Last: Allione Author-Name: Rebecca M. Stein Author-X-Name-First: Rebecca M. Author-X-Name-Last: Stein Title: Mass attrition: An analysis of drop out from principles of microeconomics MOOC Abstract: In this article, the authors describe their Massive Open Online Course in microeconomics principles. Using the Cox proportional hazard model, they analyze the high attrition rate and relate it to demographic data, finding that younger students, U.S. participants, and females are less likely to complete the course. When designing a course, it may be appropriate to put more emphasis on the committed learners, as they have the most to gain from it. The challenge is to develop a flexible course that allows students to choose their pace and yet keeps the sense of community and sufficient structure to help completion. Journal: The Journal of Economic Education Pages: 174-186 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146096 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146096 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:174-186 Template-Type: ReDIF-Article 1.0 Author-Name: John V. Winters Author-X-Name-First: John V. Author-X-Name-Last: Winters Title: Is economics a good major for future lawyers? Evidence from earnings data Abstract: This study reports descriptive data on earnings differences for practicing lawyers by undergraduate major with a focus on economics majors. Some majors do much better than others. Economics majors tend to do very well in both median and mean earnings. Electrical engineering, accounting, finance, and some other majors also do relatively well. This information is useful for undergraduates planning to attend law school and considering what undergraduate major field to study. Economics appears to be a very good option. Journal: The Journal of Economic Education Pages: 187-191 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146101 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146101 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:187-191 Template-Type: ReDIF-Article 1.0 Author-Name: James Tierney Author-X-Name-First: James Author-X-Name-Last: Tierney Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Author-Name: Ben Smith Author-X-Name-First: Ben Author-X-Name-Last: Smith Author-Name: Jadrian Wooten Author-X-Name-First: Jadrian Author-X-Name-Last: Wooten Author-Name: Wayne Geerling Author-X-Name-First: Wayne Author-X-Name-Last: Geerling Title: Bazinganomics: Economics of The Big Bang Theory Journal: The Journal of Economic Education Pages: 192-192 Issue: 2 Volume: 47 Year: 2016 Month: 4 X-DOI: 10.1080/00220485.2016.1146099 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1146099 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:2:p:192-192 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Yamarik Author-X-Name-First: Steven Author-X-Name-Last: Yamarik Title: The automobile industry and new trade theory: A classroom experiment Abstract: In this study, the author describes a classroom experiment on new trade theory appropriate for undergraduate international economics and trade courses. Students portray U.S. and Japanese automobile manufacturers with different average cost schedules. There are five rounds in the experiment, starting with autarky in the 1960s and ending with the Great Recession of 2008–9. In each round, the instructor announces a market price and quantity and then each producer calculates its market share, average cost and profit; and makes its shutdown decision. By varying the market price and size, the experiment illustrates the gains from intra-industry trade and also how efficiency gains and economic recession impact individual firm performance. Journal: The Journal of Economic Education Pages: 252-259 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464982 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464982 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:252-259 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian J. Wooten Author-X-Name-First: Jadrian J. Author-X-Name-Last: Wooten Author-Name: Ben O. Smith Author-X-Name-First: Ben O. Author-X-Name-Last: Smith Title: Create random assignments: A cloud-based tool to help implement alternative teaching materials Journal: The Journal of Economic Education Pages: 297-297 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464983 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464983 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:297-297 Template-Type: ReDIF-Article 1.0 Author-Name: David McKenzie Author-X-Name-First: David Author-X-Name-Last: McKenzie Author-Name: Anna Luisa Paffhausen Author-X-Name-First: Anna Luisa Author-X-Name-Last: Paffhausen Title: How is development economics taught in developing countries? Abstract: A survey of instructors and data collected from course syllabi and examinations are used to examine how the subject of development economics is taught at the undergraduate and master's levels in developing countries, compared to undergraduate classes in the United States. Topic coverage, teaching approach, and means of assessment all differ from that in leading U.S. economics departments. Development economics is taught largely as a theoretical subject coupled with case studies in developing countries, with few courses emphasizing use of data or empirical methods. Limited financial resources, the educational level of students, and low involvement of instructors in research are considered as explanations for the way the subject is taught in developing countries. The authors conclude with suggestions for improving teaching of development economics. Journal: The Journal of Economic Education Pages: 278-290 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464984 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464984 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:278-290 Template-Type: ReDIF-Article 1.0 Author-Name: P. Wesley Routon Author-X-Name-First: P. Wesley Author-X-Name-Last: Routon Title: Is an economics degree good preparation for the LSAT? Abstract: Those aspiring to law school must first complete the Law School Admissions Test, or LSAT. When ranking undergraduate majors by mean LSAT scores, economics has proven to be near the very top, if not the number-one major, over the last two decades. The goal of this analysis is the search for additional evidence that an economics degree is good preparation for the LSAT beyond mean score comparisons. After controlling for pre-college academic ability, collegiate academic ability, variables related to law school aspirations, institutional characteristics, several collegiate experiences, and demographics, the author finds that an economics degree has a positive and statistically significant association with higher LSAT performance. Journal: The Journal of Economic Education Pages: 271-277 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464985 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464985 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:271-277 Template-Type: ReDIF-Article 1.0 Author-Name: Brooke Conaway Author-X-Name-First: Brooke Author-X-Name-Last: Conaway Author-Name: Christopher Clark Author-X-Name-First: Christopher Author-X-Name-Last: Clark Author-Name: J. J. Arias Author-X-Name-First: J. J. Author-X-Name-Last: Arias Author-Name: Jessie Folk Author-X-Name-First: Jessie Author-X-Name-Last: Folk Title: Integrating econometrics: A modern undergraduate economics capstone experience Abstract: Angrist and Pischke (2017) call for a pedagogical paradigm shift by pointing out that econometrics courses often do not align with modern empirical approaches employed by economists. This article's authors propose a modern capstone experience, designed to address these concerns by integrating econometrics into the traditional capstone approach. They couple a full econometrics course with a traditional capstone course by weaving a cohesive econometrics-heavy research paper through the two courses. They feel this approach addresses the lack of econometrics skills among economics majors while simultaneously making some necessary improvements to undergraduate econometrics content. They hope this article will be a valuable resource for programs changing course requirements or revamping their curriculum to better fit the increasing demand for data analysis skills in the job market. Journal: The Journal of Economic Education Pages: 260-270 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464986 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464986 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:260-270 Template-Type: ReDIF-Article 1.0 Author-Name: Mario Solis-Garcia Author-X-Name-First: Mario Author-X-Name-Last: Solis-Garcia Title: The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium Abstract: Dynamic stochastic general equilibrium (DSGE) models have become the workhorse of modern macroeconomics and the standard way to communicate ideas among applied macroeconomists. Undergraduate students, however, often remain unaware of their existence. The lack of specialized knowledge can hurt them if they decide to attend graduate school. Indeed, many first-year PhD students discover that the material they are currently learning differs significantly from what they mastered in college. But this can change. In this article, the author describes how to teach a full-fledged macroeconomics course where DSGE models take center stage. He discusses how to arrange such a course within a one-semester time frame, details the main components of instruction, and finishes with some thoughts based on his teaching experience at Macalester College. Journal: The Journal of Economic Education Pages: 226-236 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464987 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464987 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:226-236 Template-Type: ReDIF-Article 1.0 Author-Name: Mary C. Suiter Author-X-Name-First: Mary C. Author-X-Name-Last: Suiter Author-Name: Diego Mendez-Carbajo Author-X-Name-First: Diego Author-X-Name-Last: Mendez-Carbajo Title: FREDcast: Economic forecasting game Journal: The Journal of Economic Education Pages: 296-296 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464988 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464988 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:296-296 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium Journal: The Journal of Economic Education Pages: 224-225 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464989 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464989 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:224-225 Template-Type: ReDIF-Article 1.0 Author-Name: Seth Neumuller Author-X-Name-First: Seth Author-X-Name-Last: Neumuller Author-Name: Casey Rothschild Author-X-Name-First: Casey Author-X-Name-Last: Rothschild Author-Name: Akila Weerapana Author-X-Name-First: Akila Author-X-Name-Last: Weerapana Title: The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium Journal: The Journal of Economic Education Pages: 242-251 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464990 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464990 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:242-251 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium Abstract: Introducing DSGE modelling into undergraduate macroeconomics would be a mistake. DSGE modelling hasn't served the profession well, and won't enhance an undergraduate curriculum that is overwhelmingly populated by students who don't intend to pursue graduate training in economics. Undergraduate macro would be better served by focusing on basic tools and concepts, and by conveying to students a sense of the economy's complexity and the challenges this presents to good policy making. Journal: The Journal of Economic Education Pages: 237-241 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464991 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464991 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:237-241 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 1991–2017 Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009–10 through 2012–13, increased rapidly (almost 15 percent) over the two years from 2012–13 through 2014–15, but have again leveled off in 2015–16 and 2016–17. Journal: The Journal of Economic Education Pages: 291-295 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1464992 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1464992 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:291-295 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: A note from the editors Journal: The Journal of Economic Education Pages: 223-223 Issue: 3 Volume: 49 Year: 2018 Month: 7 X-DOI: 10.1080/00220485.2018.1466519 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1466519 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:223-223 Template-Type: ReDIF-Article 1.0 Author-Name: Nathan Wozny Author-X-Name-First: Nathan Author-X-Name-Last: Wozny Author-Name: Cary Balser Author-X-Name-First: Cary Author-X-Name-Last: Balser Author-Name: Drew Ives Author-X-Name-First: Drew Author-X-Name-Last: Ives Title: Evaluating the flipped classroom: A randomized controlled trial Abstract: Despite recent interest in flipped classrooms, rigorous research evaluating their effectiveness is sparse. In this study, the authors implement a randomized controlled trial to evaluate the effect of a flipped classroom technique relative to a traditional lecture in an introductory undergraduate econometrics course. Random assignment enables the analysis to eliminate other potential explanations of performance differences between the flipped and traditional classrooms, while assignment of experimental condition by section and lesson enables improved statistical precision. The authors find that the flipped classroom increases scores on medium-term, high-stakes assessments by 0.16 standard deviation, with similar long-term effects for high-performing students. Estimated impacts are robust to alternative specifications accounting for possible spillover effects arising from the experimental design. Journal: The Journal of Economic Education Pages: 115-129 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438860 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438860 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:115-129 Template-Type: ReDIF-Article 1.0 Author-Name: Brian O'Roark Author-X-Name-First: Brian Author-X-Name-Last: O'Roark Author-Name: William Grant Author-X-Name-First: William Author-X-Name-Last: Grant Title: Games superheroes play: Teaching game theory with comic book favorites Abstract: The valuable insights of game theory sometimes remain out of reach for students who are overwhelmed by the subject's complexity. Comic book applications of game theory, with superheroes as players, can facilitate enthusiasm and classroom interaction to enhance the learning of game theory. Drawing from content in superhero movies and books, the authors construct games to illustrate pure-strategy Nash equilibrium, Bayes-Nash equilibrium, mixed strategies, sub-game perfection, and perfect Bayesian equilibrium. To help instructors build students' skills in finding and interpreting game solutions, they translate comic book scenarios into specific game forms; however, not all scenarios are obvious so they suggest instructors help students develop their own game-theoretic judgments to determine what game forms, payoffs, and solution concepts might be appropriate for understanding a situation. Journal: The Journal of Economic Education Pages: 180-193 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438861 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438861 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:180-193 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Author-Name: Franklin G. Mixon Author-X-Name-First: Franklin G. Author-X-Name-Last: Mixon Author-Name: Kamal P. Upadhyaya Author-X-Name-First: Kamal P. Author-X-Name-Last: Upadhyaya Title: Multiple product qualities in monopoly: Sailing the RMS Titanic into the economics classroom Abstract: 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 opportunity to integrate the well-known motion picture Titanic (Cameron and Landau 1997) into the teaching of economics. This article provides instructors with resources that can be used to link historical and modern travel examples of price discrimination in order for students to reach a “deeper understanding of course concepts” (Salemi 2002, 725). Journal: The Journal of Economic Education Pages: 173-179 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438862 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438862 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:173-179 Template-Type: ReDIF-Article 1.0 Author-Name: Ben O. Smith Author-X-Name-First: Ben O. Author-X-Name-Last: Smith Title: Multiplatform software tool to disaggregate and adjust value-added learning scores Journal: The Journal of Economic Education Pages: 220-221 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438863 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438863 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:220-221 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Gourley Author-X-Name-First: Patrick Author-X-Name-Last: Gourley Title: Farmer Brown v. Rancher Wyatt: Teaching the Coase Theorem Abstract: 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 students to understand. By using a mock trial that centers on a property dispute, students can be taught how the Coase Theorem works in practice with minimal preparation. The strong assumptions on which the Coase Theorem relies also can be included to show why the theorem may not hold. By using a unique, active learning technique, students will be more engaged and may have a better understanding of a difficult but seminal theory of economics. Journal: The Journal of Economic Education Pages: 194-199 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438864 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438864 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:194-199 Template-Type: ReDIF-Article 1.0 Author-Name: Justin R. Roush Author-X-Name-First: Justin R. Author-X-Name-Last: Roush Author-Name: Bruce K. Johnson Author-X-Name-First: Bruce K. Author-X-Name-Last: Johnson Title: A college athletics recruiting game to teach the economics of rent-seeking Abstract: 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 of his grant in aid. Students recruit in three scenarios: by recruiting legally, by recruiting legally or with illegal bribes, and by offering wages to athletes in an auction. The authors demonstrate the game's use in a principles course, but it is easily adaptable to other courses. To aid instructors unfamiliar with sports and NCAA recruiting, they include a comprehensive lesson plan with suggested readings and multimedia. Journal: The Journal of Economic Education Pages: 200-208 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438942 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438942 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:200-208 Template-Type: ReDIF-Article 1.0 Author-Name: Brandon Dupont Author-X-Name-First: Brandon Author-X-Name-Last: Dupont Author-Name: Yvonne Durham Author-X-Name-First: Yvonne Author-X-Name-Last: Durham Title: Let's make a deal in the classroom: Institutional solutions to the Monty Hall Dilemma Abstract: The authors describe how the Monty Hall Dilemma, a well-known choice anomaly, can be demonstrated with a simple and versatile classroom experiment. In addition to demonstrating the anomaly, the experiment can be used to introduce students to some institutional modifications that have been shown to ameliorate it. This experiment, which can be tailored by instructors to meet specific learning objectives for a variety of courses, can also be used to frame broader discussions about rationality, institutions, and choices under uncertainty. Journal: The Journal of Economic Education Pages: 167-172 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438943 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438943 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:167-172 Template-Type: ReDIF-Article 1.0 Author-Name: James Murray Author-X-Name-First: James Author-X-Name-Last: Murray Author-Name: John Nunley Author-X-Name-First: John Author-X-Name-Last: Nunley Title: Econocast.net: Pencasts to supplement the undergraduate economics curriculum Journal: The Journal of Economic Education Pages: 222-222 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438944 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438944 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:222-222 Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Christophe Poutineau Author-X-Name-First: Jean-Christophe Author-X-Name-Last: Poutineau Author-Name: Gauthier Vermandel Author-X-Name-First: Gauthier Author-X-Name-Last: Vermandel Title: International monetary policy coordination in a new Keynesian model with NICE features Abstract: 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 analyze the questions at hand. In this setting monetary policy is conducted using interest rates rules and economic integration between nations does not necessarily create the case for the coordination of monetary policy. In particular, they show that the conduct of optimal national monetary policies does not make any difference with the coordination of national policies, as this creates a situation where the international monetary system operates “Near an International Cooperative Equilibrium” (NICE). Journal: The Journal of Economic Education Pages: 151-166 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438945 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438945 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:151-166 Template-Type: ReDIF-Article 1.0 Author-Name: Van Kolpin Author-X-Name-First: Van Author-X-Name-Last: Kolpin Title: Simple and practical efficiency lessons Abstract: 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 more transparent logic is embraced by noting that definition of Pareto efficiency directly implies the tangency of aggregate production/endowment and aggregate weakly preferred sets. This tangency condition can itself serve as a necessary condition for Pareto optima. For convex, but not necessarily differentiable, environments this tangency condition implies nonempty intersection of multi-valued marginal rates of substitution and transformation rather than outright identity. Journal: The Journal of Economic Education Pages: 142-150 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438946 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438946 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:142-150 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: Gail Hoyt Author-X-Name-First: Gail Author-X-Name-Last: Hoyt Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Teacher training for PhD students and new faculty in economics Abstract: Past studies suggest that a majority of economics graduate students engage in teaching-related activities during graduate school and many go on to academic positions afterwards. However, not all graduate students are formally prepared to teach while in graduate school nor are they fully prepared to teach in their first academic position. The authors characterize current teaching experience and training of graduate students from the point of view of directors of graduate studies and of newly minted academic economists. The authors also query department chairs and new faculty about teacher training, support available for new faculty, and the degree to which newly hired Ph.D. economists are prepared to teach. Findings indicate that while some training is available, there is room for enhancing teacher training in economics. Journal: The Journal of Economic Education Pages: 209-219 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438947 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438947 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:209-219 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Does studying economics in college influence loan decisions later in life? Abstract: The authors investigate the relationship between undergraduate economics coursework or majoring in economics and the debt behavior of the college graduates. The data come from the Baccalaureate and Beyond (B&B) longitudinal survey of the National Center for Education Statistics. College graduates who took courses in undergraduate economics or majored in the subject appear less willing to assume debt through auto loans or federal student loans. If they do assume debt, the amount of the monthly payment (auto loans) or the total amount owed (student loans) is less for college graduates with economics coursework or an economics major compared with other students. The findings are robust for college graduates one year and four years after graduation. Journal: The Journal of Economic Education Pages: 130-141 Issue: 2 Volume: 49 Year: 2018 Month: 4 X-DOI: 10.1080/00220485.2018.1438948 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1438948 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:2:p:130-141 Template-Type: ReDIF-Article 1.0 Author-Name: Denise Hazlett Author-X-Name-First: Denise Author-X-Name-Last: Hazlett Title: A classroom experiment with bank equity, deposit insurance, and bailouts Abstract: 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 with higher requirements. Instructors can run the experiment in principles of economics courses to introduce the topics of banking and financial crisis, or in advanced courses to promote discussion of financial reform. It takes about 45 minutes to run and debrief, and requires no computerization. Journal: The Journal of Economic Education Pages: 317-323 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213678 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213678 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:317-323 Template-Type: ReDIF-Article 1.0 Author-Name: Rita A. Balaban Author-X-Name-First: Rita A. Author-X-Name-Last: Balaban Author-Name: Donna B. Gilleskie Author-X-Name-First: Donna B. Author-X-Name-Last: Gilleskie Author-Name: Uyen Tran Author-X-Name-First: Uyen Author-X-Name-Last: Tran Title: A quantitative evaluation of the flipped classroom in a large lecture principles of economics course Abstract: This research provides evidence that the flipped classroom instructional format increases student final exam performance, relative to the traditional instructional format, in a large lecture principles of economics course. The authors find that the flipped classroom directly improves performance by 0.2 to 0.7 standardized deviations, depending on the type of learning objective (i.e., knowledge, comprehension, application, or analysis). They also show that the flipped classroom improves effort during the semester, measured by in-class polling participation, and find some evidence of a heterogeneous, yet positive, effect of the flipped classroom by observable student characteristics and by level of performance. Journal: The Journal of Economic Education Pages: 269-287 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213679 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213679 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:269-287 Template-Type: ReDIF-Article 1.0 Author-Name: Sherry Jensen Author-X-Name-First: Sherry Author-X-Name-Last: Jensen Title: Motivating the study of international trade: A classroom activity Abstract: In this article, the author describes a classroom activity for use in introductory economics courses to motivate the study of international trade. The learning activity highlights the importance of international trade in students' everyday lives by having students inventory their on-hand belongings and identify where the items were manufactured. Students find that even among the relatively few possessions they have with them in the classroom, dozens of countries are represented. Further, the activity can be used to prompt discussions on the benefits of trade, trade patterns, comparative advantage, specialization, and trade regulations, as well as welfare effects of those regulations. Journal: The Journal of Economic Education Pages: 311-316 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213680 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213680 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:311-316 Template-Type: ReDIF-Article 1.0 Author-Name: James Staveley-O'Carroll Author-X-Name-First: James Author-X-Name-Last: Staveley-O'Carroll Title: A classroom market for extra credit: A semester-long experiment Abstract: This article describes an innovative pedagogical technique, applicable to most economics courses, that offers students a deeper understanding of market equilibrium, inflation, real and nominal interest rates, intertemporal choice, and financial markets. Students earn extra credit, pooled together for the entire class, by correctly answering in-class clicker questions. Correctly answering questions also earns students classroom currency, which they can use to “purchase” extra credit from the pool. The creation and purchase of extra credit establishes an endogenous market system in which the price of extra credit clears the market. The experiment can be augmented with (a) a bank that allows students to borrow classroom currency, (b) bonds to enable direct transfers between students, and (c) stocks that produce randomly generated payouts. Journal: The Journal of Economic Education Pages: 324-337 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213681 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213681 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:324-337 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Author-Name: Jamie F. Wagner Author-X-Name-First: Jamie F. Author-X-Name-Last: Wagner Title: EconEdReviews: Economics and personal finance lessons and reviews Journal: The Journal of Economic Education Pages: 357-357 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213682 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213682 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:357-357 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Laurie A. Miller Author-X-Name-First: Laurie A. Author-X-Name-Last: Miller Title: What's in a grade? Grading policies and practices in principles of economics Abstract: Survey results from a national sample of economics instructors describe the grading policies and practices in principles of economics courses. The survey results provide insights about absolute and relative grading systems used by instructors, the course components and their weights that determine grades, and the type of assessment items used for the major course components of exams, quizzes, and homework. The survey also provides information about the discretionary grading practices of instructors related to awarding bonus points, giving extra credit, or setting cut points for grade decisions. The overall finding is that there is a wide variety of grading policies used in principles courses and substantial discretion in how economics professors determine grades. Journal: The Journal of Economic Education Pages: 338-350 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213683 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213683 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:338-350 Template-Type: ReDIF-Article 1.0 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: Linda K. English Author-X-Name-First: Linda K. Author-X-Name-Last: English Title: Classroom experiments: Teaching specific topics or promoting the economic way of thinking? Abstract: 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 authors find that students exposed to the experimental treatment enjoyed significantly higher positive learning gains than those in the no-experiment control group. The productivity experiment was associated with significantly more positive learning, the minimum wage experiment with less negative learning, and the externality experiment with less positive learning. The authors further find that some experiments affect student learning on the demonstrated topics, while others affect student learning on unrelated topics. Journal: The Journal of Economic Education Pages: 288-299 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213684 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213684 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:288-299 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees: 1991–2015 Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009–10 through 2012–13, but have increased rapidly (almost 14 percent) over the two years from 2012–13 through 2014–15. Journal: The Journal of Economic Education Pages: 351-356 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213685 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213685 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:351-356 Template-Type: ReDIF-Article 1.0 Author-Name: Roland Happ Author-X-Name-First: Roland Author-X-Name-Last: Happ Author-Name: Olga Zlatkin-Troitschanskaia Author-X-Name-First: Olga Author-X-Name-Last: Zlatkin-Troitschanskaia Author-Name: Susanne Schmidt Author-X-Name-First: Susanne Author-X-Name-Last: Schmidt Title: An analysis of economic learning among undergraduates in introductory economics courses in Germany Abstract: In this article, the authors present the findings of a pretest-posttest measurement of the economic knowledge of students in introductory economics courses in undergraduate study programs in Germany. The responses of 403 students to 14 items selected from the Test of Economic Literacy (Soper and Walstad 1987) were analyzed to identify four types of economic learning: positive, retained, negative, and zero learning. In addition, a survey was conducted to gather data on the students' personal characteristics to determine their effect on the learning process. Retained learning prevailed for most items, followed by zero learning and positive learning. To determine which factors influence beginning students' acquisition of economic knowledge and lead to positive learning, regression analyses were conducted, and the findings are discussed critically. Journal: The Journal of Economic Education Pages: 300-310 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1213686 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1213686 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:300-310 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: EOV Editorial Board Journal: The Journal of Economic Education Pages: 361-361 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1214040 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1214040 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:361-361 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Reviewers for Volume 47 Journal: The Journal of Economic Education Pages: 358-360 Issue: 4 Volume: 47 Year: 2016 Month: 10 X-DOI: 10.1080/00220485.2016.1214042 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1214042 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:4:p:358-360 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Author-Name: Darshak Patel Author-X-Name-First: Darshak Author-X-Name-Last: Patel Author-Name: Brandon J. Sheridan Author-X-Name-First: Brandon J. Author-X-Name-Last: Sheridan Title: Have economic educators embraced social media as a teaching tool? Abstract: In this article, the authors discuss the results of a study of the perceptions of a national sample of economics faculty members from various institutions regarding the use of social media as a teaching tool in and out of the economics classroom. In the past few years, social media has become globally popular, and its use is ubiquitous among students. As such, some instructors have incorporated social media into their courses to engage students. Others are reluctant to embrace social media, citing privacy concerns, social media being more of a distraction than a useful tool, and the challenge of keeping up with social media developments, among others. The authors characterize economics faculty's perceptions of the use of social media platforms for economic instruction. Journal: The Journal of Economic Education Pages: 45-50 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252290 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252290 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:45-50 Template-Type: ReDIF-Article 1.0 Author-Name: Emily Chamlee-Wright Author-X-Name-First: Emily Author-X-Name-Last: Chamlee-Wright Author-Name: Joshua C. Hall Author-X-Name-First: Joshua C. Author-X-Name-Last: Hall Author-Name: Laura E. Grube Author-X-Name-First: Laura E. Author-X-Name-Last: Grube Title: Cultivating the liberally educated mind through a signature program Abstract: In this article, the authors describe the Miller Upton Programs launched by the Beloit College Department of Economics in 2008. The programs aim to advance student understanding of the nature and causes of wealth and well-being. After describing the programs’ core elements, the authors discuss ways in which they leverage economic discourse as a means to advance liberal learning. They argue that programs of this kind advance liberal learning by cultivating skills required to engage the great questions of human flourishing, by fostering development of students’ economic imagination and by enhancing students’ ability to engage in genuine intellectual discovery. Details on the history and resource commitments for various program aspects are provided, allowing readers to identify program elements appropriate for replication at their home institutions. Journal: The Journal of Economic Education Pages: 34-44 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252292 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252292 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:34-44 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Schmidt Author-X-Name-First: Stephen Author-X-Name-Last: Schmidt Title: A proposal for more sophisticated normative principles in introductory economics Abstract: Introductory textbooks teach a simple normative story about the importance of maximizing economic surplus that supports common policy claims. There is little defense of the claim that maximizing surplus is normatively important, which is not obvious to non-economists. Difficulties with the claim that society should maximize surplus are generally not addressed. Economists are thus frequently criticized by non-economists for having a poor moral foundation for our normative claims. We should tell a more sophisticated normative story that justifies the moral importance of surplus, but acknowledges that other moral values may conflict with generating surplus and that distribution is not always separable from efficiency. This would allow students to make more compelling arguments in favor of normative positions they accept, regardless of the values they hold. Journal: The Journal of Economic Education Pages: 3-14 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252293 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252293 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:3-14 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan B. Wight Author-X-Name-First: Jonathan B. Author-X-Name-Last: Wight Title: The ethics behind efficiency Abstract: The normative elements underlying efficiency are more complex than generally portrayed and rely upon ethical frameworks that are generally absent from classroom discussions. Most textbooks, for example, ignore the ethical differences between Pareto efficiency (based on voluntary win-win outcomes) and the modern Kaldor-Hicks efficiency used in public policy assessments (in which winners gain more than losers lose). For the latter to be ethically palatable, society must have in place basic institutions of justice, transparency, and accountability. Normative economics thus requires a pluralist approach that includes considerations of virtue and duty, closer to Adam Smith's Enlightenment conceptions. This surprising finding should embolden economics teachers to engage students with critical thinking problems that are controversial and relevant, and which better prepare students for a complex world. Journal: The Journal of Economic Education Pages: 15-26 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252294 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252294 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:15-26 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Integrating normative issues in the principles of economics texts: Introduction to a symposium Journal: The Journal of Economic Education Pages: 1-2 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252295 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252295 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:1-2 Template-Type: ReDIF-Article 1.0 Author-Name: Sean Masaki Flynn Author-X-Name-First: Sean Masaki Author-X-Name-Last: Flynn Title: Market equilibria already incorporate normative preferences Journal: The Journal of Economic Education Pages: 29-30 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252296 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:29-30 Template-Type: ReDIF-Article 1.0 Author-Name: N. Gregory Mankiw Author-X-Name-First: N. Gregory Author-X-Name-Last: Mankiw Title: On welfare economics in the principles course Journal: The Journal of Economic Education Pages: 27-28 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252297 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252297 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:27-28 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan Morduch Author-X-Name-First: Jonathan Author-X-Name-Last: Morduch Title: Bringing winners and losers into the classroom Journal: The Journal of Economic Education Pages: 31-33 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252298 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252298 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:31-33 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Economics and business coursework by undergraduate students: Findings from Baccalaureate and Beyond transcripts Abstract: The Baccalaureate and Beyond study from the National Center for Education Statistics at the U.S. Department of Education contains a nationally representative set of transcript data from colleges and university graduates in the 2007–2008 academic year, the latest year for which such data are available. The authors use the transcript data to analyze undergraduate coursework in economics, business, and a few related subjects (statistics and calculus). The coursework results are presented for economics, business, and a wide range of other majors in the undergraduate curriculum. Journal: The Journal of Economic Education Pages: 51-60 Issue: 1 Volume: 48 Year: 2017 Month: 1 X-DOI: 10.1080/00220485.2016.1252299 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1252299 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:1:p:51-60 Template-Type: ReDIF-Article 1.0 Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: Introduction to symposium on teaching undergraduate econometrics Journal: The Journal of Economic Education Pages: 337-342 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654955 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654955 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:337-342 Template-Type: ReDIF-Article 1.0 Author-Name: G. M. Peter Swann Author-X-Name-First: G. M. Peter Author-X-Name-Last: Swann Title: Is precise econometrics an illusion? Abstract: Many empirical economists say that the teaching of econometrics is unbalanced, and students are not well-prepared for the serious problems they will encounter with real data. Here, the author considers the problem of noisy data, which is present in most econometric studies, but receives far too little attention. Most econometric studies are done in a world of low signal-to-noise ratios, and educated common sense suggests that we cannot expect precise results in such an environment. Sensitivity analysis shows that the apparent precision of reported econometric results is generally an illusion, because it is highly dependent on error term independence assumptions.1,2 Journal: The Journal of Economic Education Pages: 343-355 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654956 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654956 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:343-355 Template-Type: ReDIF-Article 1.0 Author-Name: Deirdre Nansen McCloskey Author-X-Name-First: Deirdre Author-X-Name-Last: Nansen McCloskey Author-Name: Stephen T. Ziliak Author-X-Name-First: Stephen T. Author-X-Name-Last: Ziliak Title: What quantitative methods should we teach to graduate students? A comment on Swann’s “Is precise econometrics an illusion?” Journal: The Journal of Economic Education Pages: 356-361 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654957 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654957 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:356-361 Template-Type: ReDIF-Article 1.0 Author-Name: Edward Leamer Author-X-Name-First: Edward Author-X-Name-Last: Leamer Title: Teaching the art of pulling truths from economic data: Comment on “Is precise econometrics an illusion?” Journal: The Journal of Economic Education Pages: 362-366 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654959 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654959 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:362-366 Template-Type: ReDIF-Article 1.0 Author-Name: Alice Louise Kassens Author-X-Name-First: Alice Louise Author-X-Name-Last: Kassens Title: Theory vs. practice: Teaching undergraduate econometrics Journal: The Journal of Economic Education Pages: 367-370 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654958 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654958 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:367-370 Template-Type: ReDIF-Article 1.0 Author-Name: Avi J. Cohen Author-X-Name-First: Avi J. Author-X-Name-Last: Cohen Author-Name: Andrea L. Williams Author-X-Name-First: Andrea L. Author-X-Name-Last: Williams Title: Scalable, scaffolded writing assignments with online peer review in a large introductory economics course Abstract: Despite widely acknowledged benefits of integrating writing into economics courses, instructors’ costs are often prohibitive. To reduce costs and make writing assignments more feasible, the authors describe multi-part, scaffolded writing assignments developed by an economist and a WAC (Writing Across the Curriculum) specialist, integrated into an 800-student introductory economics course with multilingual students and TAs. Students draft and revise an abstract and later draft and write an op-ed with a convincing economic argument for a general audience. The authors use writing centers and peer review software to provide feedback while reducing grading time, and train inexperienced TAs to evaluate student writing through detailed rubrics and moderated marking sessions. They provide detailed assignment descriptions and an accounting of resources and time needed to grade each assignment. Journal: The Journal of Economic Education Pages: 371-387 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654951 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654951 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:371-387 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca L. Moryl Author-X-Name-First: Rebecca L. Author-X-Name-Last: Moryl Author-Name: Florencia Gabriele Author-X-Name-First: Florencia Author-X-Name-Last: Gabriele Author-Name: Jannet Desvira Author-X-Name-First: Jannet Author-X-Name-Last: Desvira Title: HeadsUp! Econ: Making exam review sessions fun and effective Abstract: In this article, the authors describe an innovative charades-based educational game, HeadsUp! Econ, and its use for effective economics instruction. Results of a self-assessment survey of students demonstrate that implementing HeadsUp! Econ as an active learning game provides students opportunities to: (1) practice identifying which concepts are important, (2) practice recalling and understanding those concepts), (3) learn a new way to approach studying rooted in effective learning evidence, (4) compare their learning progress and preparation with their peers, and (5) engage with economics in a shared, fun and positive way. The authors provide suggested best practices and sample materials for instructor use of HeadsUp! Econ, and a review of recommendations for best-practices in using educational games. Journal: The Journal of Economic Education Pages: 388-397 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654953 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654953 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:388-397 Template-Type: ReDIF-Article 1.0 Author-Name: Louis-Philippe Sirois Author-X-Name-First: Louis-Philippe Author-X-Name-Last: Sirois Title: The psychology of sunk cost: A classroom experiment Abstract: Economics and business students are taught that sunk costs are irrelevant to their decisions. Yet, there is ample evidence that managers fail to integrate this simple rule and fall prey to what is known as the sunk-costs bias. To mitigate cognitive biases, such as the sunk-cost bias, educators must raise students’ awareness of these common judgment errors. In this article, the author proposes a classroom activity that actively engages students and allows them to identify this bias in their own judgments. The activity builds on a series of experiments from the psychology literature. The author discusses how these experiments have been adapted for classroom use and presents evidence suggesting that the activity increased students’ awareness of the sunk-cost bias and improved their decision-making skills. Journal: The Journal of Economic Education Pages: 398-409 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654954 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654954 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:398-409 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Bosshardt Author-X-Name-First: William B. Author-X-Name-Last: Bosshardt Author-Name: William Walstad Author-X-Name-First: William Author-X-Name-Last: Walstad Title: The undergraduate economics coursework of elementary and secondary school teachers Abstract: In this study, the authors analyze the undergraduate economics coursework of U.S. college graduates who became pre-college classroom teachers. The results show that teachers successfully completed on average the equivalent of about half an economics course in their undergraduate coursework. About 6 in 10 teachers earned no course credits in economics. Of teachers certified to teach social studies—the ones most likely to teach economics—40 percent did not take an undergraduate course in economics. The percentages are 19 percent for high school teachers, 48 percent for middle school teachers, and 76 percent for elementary school teachers. High school teachers certified to teach social studies completed an average of only about one and a half economics courses as undergraduates. Journal: The Journal of Economic Education Pages: 410-417 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1654952 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1654952 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:410-417 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Reviewers for Volume 50 Journal: The Journal of Economic Education Pages: 418-420 Issue: 4 Volume: 50 Year: 2019 Month: 10 X-DOI: 10.1080/00220485.2019.1670499 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1670499 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:4:p:418-420 Template-Type: ReDIF-Article 1.0 Author-Name: Isabel Busom Author-X-Name-First: Isabel Author-X-Name-Last: Busom Author-Name: Cristina Lopez-Mayan Author-X-Name-First: Cristina Author-X-Name-Last: Lopez-Mayan Author-Name: Judith Panadés Author-X-Name-First: Judith Author-X-Name-Last: Panadés Title: Students' persistent preconceptions and learning economic principles Abstract: Economic views held by the general public tend to differ significantly from those of economic experts. Would these differences fade away if people were exposed to some economic instruction? In this article, the authors identify college students' preconceptions about economic issues at the beginning of the semester, verify their persistence throughout the semester, and test whether their beliefs are correlated to course performance. The authors conduct a survey at the beginning and end of the semester on a sample of first-year students taking an economic principles course. They find evidence of preconception persistence and reasoning inconsistencies, pointing to some cognitive biases as a plausible cause. Most students do not integrate the newly learned tools into their thinking process, even if they perform well in tests. Journal: The Journal of Economic Education Pages: 74-92 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285735 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285735 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:74-92 Template-Type: ReDIF-Article 1.0 Author-Name: Joshua M. Duke Author-X-Name-First: Joshua M. Author-X-Name-Last: Duke Author-Name: David M. Sassoon Author-X-Name-First: David M. Author-X-Name-Last: Sassoon Title: A classroom game on a negative externality correcting tax: Revenue return, regressivity, and the double dividend Abstract: The concept of negative externality is central to the teaching of environmental economics, but corrective taxes are almost always regressive. How exactly might governments return externality-correcting tax revenue to overcome regressivity and not alter marginal incentives? In addition, there is a desire to achieve a double dividend in the use of externality-correcting taxes, that is, to use the revenue to offset existing distortionary taxes, such as those on labor that produce a dead weight loss. In this article, the authors explain a classroom game that was developed for students to understand the theory of externalities, taxation dead weight loss, and regressivity. Then, the problem helps students explore the actual design of a policy that satisfies the double dividend hypothesis and corrects for regressivity. Journal: The Journal of Economic Education Pages: 65-73 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285736 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285736 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:65-73 Template-Type: ReDIF-Article 1.0 Author-Name: Manuel Förster Author-X-Name-First: Manuel Author-X-Name-Last: Förster Author-Name: Roland Happ Author-X-Name-First: Roland Author-X-Name-Last: Happ Author-Name: Dimitar Molerov Author-X-Name-First: Dimitar Author-X-Name-Last: Molerov Title: Using the U.S. in Germany—Adaptation and validation Abstract: In this article, the authors present the adaptation and validation processes conducted to render the American Test of Financial Literacy (TFL) suitable for use in Germany (TFL-G). First, they outline the translation procedure followed and the various cultural adjustments made in line with international standards. Next, they present results from the validation of the TFL-G's content and relations between test scores and external variables, including test takers' prior economic education and interest in economic topics. Preliminary analyses of data gathered from expert interviews and cognitive labs, and the results of the first administration to first-year higher education students (N = 1,108) indicate that the TFL-G is a valid instrument to assess young adults' understanding of personal finance in Germany. Perspectives for future research are discussed. Journal: The Journal of Economic Education Pages: 123-135 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285737 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285737 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:123-135 Template-Type: ReDIF-Article 1.0 Author-Name: William Walstad Author-X-Name-First: William Author-X-Name-Last: Walstad Author-Name: Carly Urban Author-X-Name-First: Carly Author-X-Name-Last: Urban Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos Author-X-Name-Last: J. Asarta Author-Name: Elizabeth Breitbach Author-X-Name-First: Elizabeth Author-X-Name-Last: Breitbach Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Author-Name: Julie Heath Author-X-Name-First: Julie Author-X-Name-Last: Heath Author-Name: Barbara O'Neill Author-X-Name-First: Barbara Author-X-Name-Last: O'Neill Author-Name: Jamie Wagner Author-X-Name-First: Jamie Author-X-Name-Last: Wagner Author-Name: Jing Jian Xiao Author-X-Name-First: Jing Jian Author-X-Name-Last: Xiao Title: Perspectives on evaluation in financial education: Landscape, issues, and studies Abstract: This review discusses the heterogeneity in the effectiveness of financial education programs that occurs because of the unique conditions for programs and methods to evaluate them. The authors define six groups served by financial education: children, youth, college students and young adults, working adults, military personnel, and low-income consumers. They then discuss research and evaluation literature for each group with a critical eye on program purpose, content, and evaluation. They also present findings affecting multiple groups on four issues: student loans, homeownership, retirement planning, and financial advising. The accumulated evidence on the effectiveness of financial education is positive, although the results are nuanced and sometimes limited. The authors argue that understanding this broad landscape in studying financial education is critical for future research and evaluation. Journal: The Journal of Economic Education Pages: 93-112 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285738 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285738 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:93-112 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Ken Rebeck Author-X-Name-First: Ken Author-X-Name-Last: Rebeck Title: The : Development and measurement characteristics Abstract: The Test of Financial Literacy (TFL) was created to measure the financial knowledge of high school students. Its content is based on the standards and benchmarks stated in the National Standards for Financial Literacy (Council for Economic Education 2013). The test development process involved extensive item writing and review. Test data collected from 1,218 high schools to evaluate the measure indicate that the overall test is reliable and valid, and test items contribute to the effectiveness of the instrument. Further test analysis was conducted using an item response theory (IRT) model with four parameters to estimate item discrimination, item difficulty, guessing, and inattention. The IRT results indicate that the measure is effective in assessing student financial literacy across a broad range of student abilities. Journal: The Journal of Economic Education Pages: 113-122 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285739 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285739 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:113-122 Template-Type: ReDIF-Article 1.0 Author-Name: William Walstad Author-X-Name-First: William Author-X-Name-Last: Walstad Title: Editor note on submission guidelines and financial education Journal: The Journal of Economic Education Pages: 63-64 Issue: 2 Volume: 48 Year: 2017 Month: 4 X-DOI: 10.1080/00220485.2017.1285740 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1285740 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:2:p:63-64 Template-Type: ReDIF-Article 1.0 Author-Name: Ben O. Smith Author-X-Name-First: Ben O. Author-X-Name-Last: Smith Author-Name: Dustin R. White Author-X-Name-First: Dustin R. Author-X-Name-Last: White Author-Name: Patricia C. Kuzyk Author-X-Name-First: Patricia C. Author-X-Name-Last: Kuzyk Author-Name: James E. Tierney Author-X-Name-First: James E. Author-X-Name-Last: Tierney Title: Improved grade outcomes with an e-mailed “grade nudge” Abstract: Information provided at the moment a person makes a decision can influence behavior in predictable ways. The United Kingdom's Behavioural Insights Team have used this idea to help improve the insulation of lofts, collect taxes, and even reduce litter. The authors of this article developed software that appends a personalized message to each assignment in the class regarding the student's current grade. This “grade nudge” explains precisely how the assignment will impact the student's final grade given their current standing in the class. Through a randomized trial, the authors show that the nudge improves student homework performance by about four percentage points. Journal: The Journal of Economic Education Pages: 1-7 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397570 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397570 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:1-7 Template-Type: ReDIF-Article 1.0 Author-Name: Molly Espey Author-X-Name-First: Molly Author-X-Name-Last: Espey Title: Diversity, effort, and cooperation in team-based learning Abstract: Student and team performance in 17 sections of an introductory microeco-nomic 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 team as well as the percentage of females on the team. While the level of cooperation within a team does not significantly influence team outcomes, it positively influences individual performance by females while having no statistically significant influence on male performance. Individual success also is positively and significantly influenced by gender diversity and individual effort in team activities, as measured by peer evaluations. These results are robust to a variety of measures of gender diversity. Journal: The Journal of Economic Education Pages: 8-21 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397571 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397571 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:8-21 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew J. Monaco Author-X-Name-First: Andrew J. Author-X-Name-Last: Monaco Title: The economics of online dating: A course in economic modeling Abstract: 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 entry, via Paul Oyer's popular economics book Everything I Ever Needed to Know about Economics I Learned from Online Dating. The author then explores an approach to teaching students how to not just solve models, but to create economic models from abstract ideas. This approach to teaching modeling is supported by Albert Bandura's work on self-efficacy as a bedrock pedagogical principle. Journal: The Journal of Economic Education Pages: 46-58 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397572 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397572 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:46-58 Template-Type: ReDIF-Article 1.0 Author-Name: James Staveley-O'Carroll Author-X-Name-First: James Author-X-Name-Last: Staveley-O'Carroll Title: Integrating graphing assignments into a money and banking course using FRED Abstract: 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. Students learn to gather and analyze data using the concepts and theories covered during lectures. The sixth homework is a short paper in which students synthesize the data from the previous assignments to make a policy recommendation for the upcoming Federal Open Market Committee meeting. The overarching purpose of this exercise is to prepare students for the College Fed Challenge, and, more generally, to introduce them to economic data and policy analysis. Journal: The Journal of Economic Education Pages: 72-90 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397573 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397573 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:72-90 Template-Type: ReDIF-Article 1.0 Author-Name: Arghya Bhattacharya Author-X-Name-First: Arghya Author-X-Name-Last: Bhattacharya Author-Name: Paul Jackson Author-X-Name-First: Paul Author-X-Name-Last: Jackson Author-Name: Brian C. Jenkins Author-X-Name-First: Brian C. Author-X-Name-Last: Jenkins Title: Revisiting unemployment in intermediate macroeconomics: A new approach for teaching Diamond-Mortensen-Pissarides Abstract: 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 to use the model to teach the effects of labor market policies, advancements in Internet technology, and labor market dynamics. Supplementary materials such as teaching tips, a classroom experiment, and online resources including a JavaScript-based simulation tool, U.S. data used to make figures, and practice problems are provided. Journal: The Journal of Economic Education Pages: 22-37 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397574 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397574 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:22-37 Template-Type: ReDIF-Article 1.0 Author-Name: Charles S. Wassell, Jr. Author-X-Name-First: Charles S. Author-X-Name-Last: Wassell, Jr. Title: Social Security and saving: A time-series econometrics pedagogical example (with code) Abstract: In 1974, and then again in 1996, Martin Feldstein published studies of the impact of the Social Security system on private saving in the U.S. economy. He found that Social Security depressed personal saving by a substantial amount—up to 50 percent. The author uses the Feldstein data and empirical models in this article to illustrate the steps in analyzing distributed lag problems. These particular data and methods exemplify, among other things, unit roots, autocorrelated residuals, spurious regression, trend breaks, and cointegration. As such, they provide an excellent pedagogical case study. All R code for this article is provided so that students may replicate and extend the included models and results. Journal: The Journal of Economic Education Pages: 103-114 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397575 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397575 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:103-114 Template-Type: ReDIF-Article 1.0 Author-Name: Amy Henderson Author-X-Name-First: Amy Author-X-Name-Last: Henderson Title: Leveraging the power of experiential learning to achieve higher-order proficiencies Abstract: 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 “required” reflection exercises that are often perceived as taking time away from economic instruction. This article contributes to the existing literature by introducing a reflection mechanism based on programmatically appropriate project-management reports. This approach not only links experience and course content, essential elements of service-learning best-practice, but also facilitates the successful management of a complex project, thereby contributing to the development of higher-order proficiencies. Journal: The Journal of Economic Education Pages: 59-71 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397576 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397576 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:59-71 Template-Type: ReDIF-Article 1.0 Author-Name: Humberto Barreto Author-X-Name-First: Humberto Author-X-Name-Last: Barreto Title: Let's put demography back into economics: Population pyramids in Excel Abstract: The economics curriculum today does not emphasize the study of population. This needs to change immediately because we are in the midst of another demographic sea change, slamming on the brakes right after a rapid acceleration during the last half of the twentieth century. Instead of glibly tossing a dependency ratio onto a slide, this article offers an easy way to improve demographic literacy using population pyramids. Simulation is used to explain the pyramid and its dynamic properties, and then real-world data are presented. Microsoft Excel's ability to act as a browser and download data with a single click of a button provides a flexible, powerful tool to explore historic, current, and predicted age-distributions of various countries. Download PopPyr.xlsm from https://archive.org/details/PopPyr. Journal: The Journal of Economic Education Pages: 91-102 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397577 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397577 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:91-102 Template-Type: ReDIF-Article 1.0 Author-Name: Mariya Burdina Author-X-Name-First: Mariya Author-X-Name-Last: Burdina Author-Name: Sue Lynn Sasser Author-X-Name-First: Sue Lynn Author-X-Name-Last: Sasser Title: Syllabus and economics: Reasoning with Generation “Why” Abstract: In this article, the authors propose to enhance the syllabus for economic courses with economic explanations. They argue that providing economic rationale for course policies can increase student interest in the course and at the same time positively affect student attitude toward course policies. The authors describe practical strategies for incorporating economic explanations into the syllabus and present insights from piloting the technique. Journal: The Journal of Economic Education Pages: 38-45 Issue: 1 Volume: 49 Year: 2018 Month: 1 X-DOI: 10.1080/00220485.2017.1397578 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1397578 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:1:p:38-45 Template-Type: ReDIF-Article 1.0 Author-Name: William A. Reese Author-X-Name-First: William A. Author-X-Name-Last: Reese Author-Name: Russell P. Robins Author-X-Name-First: Russell P. Author-X-Name-Last: Robins Title: Performing an event study: An exercise for finance students Abstract: 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 cumulative abnormal trading volume and plots them in separate graphs. Students are asked to analyze the data and draw conclusions. Through this exercise, students learn how to conduct an event study and determine if a statistically significant event has occurred. Journal: The Journal of Economic Education Pages: 206-215 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320603 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320603 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:206-215 Template-Type: ReDIF-Article 1.0 Author-Name: Michele I. Naples Author-X-Name-First: Michele I. Author-X-Name-Last: Naples Title: Teaching macroeconomics to the visually impaired: New tactile methods, verbal precision, and small groups Abstract: Visually-impaired students require tailored pedagogies to ensure their instruction is as high quality as for sighted students. They follow board work during class by referring to typed class notes provided ahead of time via a Braille reader, and in-class small groups solving problems create an inclusive esprit de corps and promote classmates' participation in clarifying board work. Small colleges with limited means can adopt Wikki Stix for tactile graphs that both artistically challenged faculty pressed for time and students can use successfully. Verbal description and “naming” (i.e., using analytical categories to identify sections of graphs) benefit visually-impaired and sighted students alike. Journal: The Journal of Economic Education Pages: 193-197 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320604 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320604 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:193-197 Template-Type: ReDIF-Article 1.0 Author-Name: Julia VanderMolen Author-X-Name-First: Julia Author-X-Name-Last: VanderMolen Author-Name: Christy Spivey Author-X-Name-First: Christy Author-X-Name-Last: Spivey Title: Creating infographics to enhance student engagement and communication in health economics Abstract: In this article, the authors discuss and describe the implementation of and lessons learned from a course project centered on the creation of an infographic in a health economics course and an introduction to health research course. Students were asked to create a simple infographic about a particular topic, after researching and gathering data on that topic. The instructors observed how students synthesized information and data to tell a visual story with their infographic. This article adds to the limited literature regarding infographics in undergraduate instruction. An infographic offers faculty an opportunity to apply active learning strategies to enhance student engagement, retention of information, and communication skills. Journal: The Journal of Economic Education Pages: 198-205 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320605 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320605 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:198-205 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Maier Author-X-Name-First: Mark Author-X-Name-Last: Maier Author-Name: John A. Miller Author-X-Name-First: John A. Author-X-Name-Last: Miller Title: Index of economic freedom: Unrealized pedagogical opportunities Abstract: 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 correlation versus causation. In addition, textbook presentations fail to examine the assumptions made in the indexes about key economic concepts. These include inflation rate targets, appropriate government spending levels, tax rates, labor standards, financial regulation, monetary policy, property rights, government regulation, and even the meaning of economic freedom. This study explores how examining economic freedom index assumptions can help students understand key economic policy debates. Journal: The Journal of Economic Education Pages: 186-192 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320606 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320606 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:186-192 Template-Type: ReDIF-Article 1.0 Author-Name: Diego Méndez-Carbajo Author-X-Name-First: Diego Author-X-Name-Last: Méndez-Carbajo Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Title: Using FRED data to teach price elasticity of demand Abstract: In this article, the authors discuss the use of Federal Reserve Economic Data (FRED) statistics to teach the concept of price elasticity of demand in an introduction to economics course. By using real data in its computation, they argue that instructors can create a value-adding context for illustrating and applying a foundational concept in economics. Additionally, this pedagogical strategy contributes to developing an expected proficiency for economics majors related to “interpreting and manipulating data” (Hansen 2009, 2012). The authors provide step-by-step instructions on how to use FRED to compute the price elasticity of demand for motor vehicle fuels and gasoline as well as examples of in-class discussion questions and take-home assignments related to this instructional technique. Journal: The Journal of Economic Education Pages: 176-185 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320607 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:176-185 Template-Type: ReDIF-Article 1.0 Author-Name: Laura Beaudin Author-X-Name-First: Laura Author-X-Name-Last: Beaudin Author-Name: Aziz N. Berdiev Author-X-Name-First: Aziz N. Author-X-Name-Last: Berdiev Author-Name: Allison Shwachman Kaminaga Author-X-Name-First: Allison Shwachman Author-X-Name-Last: Kaminaga Author-Name: Sam Mirmirani Author-X-Name-First: Sam Author-X-Name-Last: Mirmirani Author-Name: Edinaldo Tebaldi Author-X-Name-First: Edinaldo Author-X-Name-Last: Tebaldi Title: Enhancing the teaching of introductory economics with a team-based, multi-section competition Abstract: The authors describe a unique approach to enhancing student learning at the introductory economics level that utilizes a multi-section, team-based competition. The competition is structured to supplement learning throughout the entire introductory course. Student teams are presented with current economic issues, trends, or events, and use economic tools and theories to comprehensively examine the topics. Students present their analyses in their own sections with one team from each section moving on to compete in an inter-section round. Students are judged on technicality, creativity, and applicability of economic concepts. The competition has the potential to advance students' creativity, collaboration, communication, and critical and analytical thinking skills, while enhancing their ability to apply foundational economic concepts to real-world settings. Journal: The Journal of Economic Education Pages: 167-175 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320608 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320608 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:167-175 Template-Type: ReDIF-Article 1.0 Author-Name: Arthur Campbell Author-X-Name-First: Arthur Author-X-Name-Last: Campbell Author-Name: Jonathan S. Feinstein Author-X-Name-First: Jonathan S. Author-X-Name-Last: Feinstein Author-Name: Soonwook Hong Author-X-Name-First: Soonwook Author-X-Name-Last: Hong Author-Name: Sharon Qian Author-X-Name-First: Sharon Author-X-Name-Last: Qian Author-Name: Trevor C. Williams Author-X-Name-First: Trevor C. Author-X-Name-Last: Williams Title: Diversity, knowledge clusters, and job placement: Graduate economics teaching of core microeconomics Abstract: The authors present an empirical analysis of what is taught in core micro-economics at a set of top U.S. doctoral economics programs. Their aim is to evaluate the diversity across programs and assess whether there are distinct “schools of thought”  in graduate economics education. Their empirical findings reveal substantial, in fact, surprising diversity in what is taught. Application of a clustering algorithm results in programs clustering into two main “schools of thought.” The authors also specify an econometric model of job placement. Their job placement results indicate that candidates are more likely to be hired at schools in the same cluster as their home program, even after controlling for other factors. The results inform debates about graduate education and the relevance of a “common core” curriculum. Journal: The Journal of Economic Education Pages: 146-166 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320609 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320609 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:146-166 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce E. Hansen Author-X-Name-First: Bruce E. Author-X-Name-Last: Hansen Title: Time series econometrics for the 21st century Abstract: What topics should be taught to undergraduate students in econometric time series? Journal: The Journal of Economic Education Pages: 137-145 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320610 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320610 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:137-145 Template-Type: ReDIF-Article 1.0 Author-Name: Cecilia Elena Rouse Author-X-Name-First: Cecilia Elena Author-X-Name-Last: Rouse Title: The economics of education and policy: Ideas for a principles course Abstract: There are many aspects of the “economics of education” that would make excellent examples for introductory economics students. The author presents two topics that are central to the economics of education and to human capital theory: the economic benefit (or “returns”) to schooling and educational attainment as an investment. There are two key concepts the author hopes students get from this discussion. The first is that there are both private and social benefits of schooling whence we derive the rationale for government intervention. The second is that educational attainment is an investment decision with both costs and benefits, and some risk. Journal: The Journal of Economic Education Pages: 229-237 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320611 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320611 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:229-237 Template-Type: ReDIF-Article 1.0 Author-Name: David M. Cutler Author-X-Name-First: David M. Author-X-Name-Last: Cutler Title: Teaching health care in introductory economics Abstract: Health care is one of the economy's biggest industries, so it is natural that the health care industry should play some role in the teaching of introductory economics. There are many ways that health care can appear in such a context: in the teaching of microeconomics, as a macroeconomic issue, to learn about social welfare, and even to learn how to do statistical analysis. For the past decade, the author has been privileged to teach a class on health economics in the introductory economics course at Harvard. This article is a description of how he does that. His hope is that it will be helpful for other people teaching introductory economics as a whole, or just for those offering one class in health economics. Journal: The Journal of Economic Education Pages: 218-223 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320612 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320612 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:218-223 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 1991–2016 Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009–10 through 2012–13, increased rapidly (almost 15 percent) over the two years from 2012–13 through 2014–15, but have again leveled off in 2015–16. Journal: The Journal of Economic Education Pages: 238-242 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320613 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320613 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:238-242 Template-Type: ReDIF-Article 1.0 Author-Name: Dean Karlan Author-X-Name-First: Dean Author-X-Name-Last: Karlan Title: : Three principles of economics lessons as taught by a reality television show Abstract: The reality television show Survivor has been a ratings success on CBS for over 16 years. In the show, 16 strangers are marooned in a remote location, required to compete in physical and mental challenges and periodically vote to eliminate players from the game. The last person remaining wins one million dollars. The author uses this popular television show to demonstrate three important principles of microeconomics: (a) for individual decision-making, concepts like pride and honor may belong in the utility function, alongside more classical components such as consumption of goods and services; (b) considering how others will respond to your action is critical for good economic and strategic thinking; and (c) repeated interaction can help collusive behavior hold. Journal: The Journal of Economic Education Pages: 224-228 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320614 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320614 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:224-228 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Title: Great ideas for making economic principles relevant and engaging: A three-paper symposium from David Cutler, Dean Karlan, and Cecilia Rouse Journal: The Journal of Economic Education Pages: 216-217 Issue: 3 Volume: 48 Year: 2017 Month: 7 X-DOI: 10.1080/00220485.2017.1320615 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1320615 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:3:p:216-217 Template-Type: ReDIF-Article 1.0 Author-Name: Adam T. Jones Author-X-Name-First: Adam T. Author-X-Name-Last: Jones Author-Name: William H. Sackley Author-X-Name-First: William H. Author-X-Name-Last: Sackley Author-Name: Ethan D. Watson Author-X-Name-First: Ethan D. Author-X-Name-Last: Watson Title: Teaching exchange rate risk using London's Gherkin building: How investors were in (and out of) a pickle Abstract: In this teaching note, the authors use an iconic London building, the Gherkin, as a motivation to understand exchange rates, cross exchange rates, and unhedged exchange rate risk. The famous tower was constructed in the early 2000s by Swiss Re, an insurance company, and then sold to investors as part of a sale-leaseback deal in early 2007. Unfortunately, the purchase was funded by a consortium of lenders using multiple currencies and leaving owners open to exchange rate risk. While partially hedging interest payments, the owners did not hedge the loans' principal and ultimately loan-to-value limits caused the building to fall into bankruptcy despite being fully leased. Hopefully the storyline piques student interest and promotes a better understanding of a topic that frequently challenges students. Journal: The Journal of Economic Education Pages: 276-287 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353457 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353457 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:276-287 Template-Type: ReDIF-Article 1.0 Author-Name: Patrik T. Hultberg Author-X-Name-First: Patrik T. Author-X-Name-Last: Hultberg Author-Name: David Santandreu Calonge Author-X-Name-First: David Santandreu Author-X-Name-Last: Calonge Title: Effective teaching of economics: A constrained optimization problem? Abstract: One of the fundamental tenets of economics is that decisions are often the result of optimization problems subject to resource constraints. Consumers optimize utility, subject to constraints imposed by prices and income. As economics faculty, instructors attempt to maximize student learning while being constrained by their own and students' limited resources. Some resources are familiar and might be under instructors' control, such as time, class size, and access to technology. Beyond their control is an often neglected resource: students' limited cognitive processing capacity. Ceteris paribus, how can instructors effectively manage the limited processing capacity of students' working memory in order to optimize long-term learning through effective instructional design? Journal: The Journal of Economic Education Pages: 265-275 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353458 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:265-275 Template-Type: ReDIF-Article 1.0 Author-Name: Katherine Schmeiser Author-X-Name-First: Katherine Author-X-Name-Last: Schmeiser Title: Teaching writing in economics Abstract: In this article, the author provides motivation and a template for integrating and teaching writing in a variety of economics courses: core theory or introductory courses, topic courses, and economic writing/research courses. For each assignment, pedagogical reasoning and syllabus integration are discussed. Additionally, the author shows that using grading practices and peer review as suggested in the literature can make the grading and time burden of teaching writing accessible to even large lecture courses. Journal: The Journal of Economic Education Pages: 254-264 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353459 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353459 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:254-264 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Nieswiadomy Author-X-Name-First: Michael Author-X-Name-Last: Nieswiadomy Title: LSAT® scores of economics majors: The 2015–16 class update and 15-year history Abstract: In this article, the author updates his prior studies of LSAT® scores (Nieswiadomy 1998, 2006, 2010, 2014) using current data for 2015–16 law school applicants, finding that economics majors remain at or near the top of all applicants. Results of the previous studies showing economics majors scored well on the LSAT® have been posted often on economics (and other) departments' Web sites. Economics majors (mean LSAT® score of 158.8) had the highest score of the 16 largest disciplines (with more than 950 law school applicants). Economics places second behind math/physics (161.7) out of 29 discipline groupings created to contain at least 325 students with similar majors. Also, the past 15 years (2001–2 through 2015–16) reveal similar rankings across time. Journal: The Journal of Economic Education Pages: 327-332 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353460 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:327-332 Template-Type: ReDIF-Article 1.0 Author-Name: Smita Brunnermeier Author-X-Name-First: Smita Author-X-Name-Last: Brunnermeier Title: Learning by doing: The challenge of engaging undergraduates in economics research Abstract: This article describes strategies developed at Princeton University to foster and promote research by all undergraduate students majoring in economics. It describes core features of the undergraduate research program and provides tangible recommendations for addressing resource constraints, and for incentivizing faculty advisors and students to engage in rigorous undergraduate research. Journal: The Journal of Economic Education Pages: 290-294 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353461 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:290-294 Template-Type: ReDIF-Article 1.0 Author-Name: Kristin F. Butcher Author-X-Name-First: Kristin F. Author-X-Name-Last: Butcher Author-Name: Akila Weerapana Author-X-Name-First: Akila Author-X-Name-Last: Weerapana Title: Striving to involve undergraduates in economic research at Wellesley College Abstract: One of the key advantages of attending a small liberal arts college is the opportunity to engage in research; at research universities, these opportunities are often given to graduate students. Further, smaller class sizes make it possible to personalize instruction to showcase how the tools students learn in their courses are used to answer questions of practical and social relevance. At Wellesley, consuming and producing research is embedded in the curriculum for every student. Supplementary programs such as summer research opportunities, honors theses, and fellowships allow students who develop serious interest in research to hone their technical skills and to work with faculty on peer-reviewed publications. This experience helps students decide whether or not to pursue a PhD, and can help in the application process. Journal: The Journal of Economic Education Pages: 295-300 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353462 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353462 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:295-300 Template-Type: ReDIF-Article 1.0 Author-Name: James Feyrer Author-X-Name-First: James Author-X-Name-Last: Feyrer Title: Undergraduate research in the Dartmouth Economics Department Abstract: One of the key components to the undergraduate research enterprise at Dartmouth is the recognition that learning to do research requires both directed instruction and learning by doing. The economics faculty have tailored a fruitful undergraduate research program based on this philosophy, and this article describes these efforts while also offering advice to other programs as they strive to involve undergraduates in research. Journal: The Journal of Economic Education Pages: 306-309 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353463 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353463 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:306-309 Template-Type: ReDIF-Article 1.0 Author-Name: J. Peter Ferderer Author-X-Name-First: J. Peter Author-X-Name-Last: Ferderer Author-Name: Gary Krueger Author-X-Name-First: Gary Author-X-Name-Last: Krueger Title: Building research skills in the Macalester economics major Abstract: Economics majors at Macalester College have won numerous awards for their research papers, and this success has helped them land jobs in finance, consulting, and the nonprofit sector, as well as gain admission to top graduate programs. This article describes how the Economics Department at Macalester promotes economic research among its students. Journal: The Journal of Economic Education Pages: 301-305 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353464 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353464 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:301-305 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Models of undergraduate research in economics: Advice from eight exemplary programs Journal: The Journal of Economic Education Pages: 288-289 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353465 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353465 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:288-289 Template-Type: ReDIF-Article 1.0 Author-Name: Belinda Archibong Author-X-Name-First: Belinda Author-X-Name-Last: Archibong Author-Name: Harrison Dekker Author-X-Name-First: Harrison Author-X-Name-Last: Dekker Author-Name: Nathan D. Grawe Author-X-Name-First: Nathan D. Author-X-Name-Last: Grawe Author-Name: Martha L. Olney Author-X-Name-First: Martha L. Author-X-Name-Last: Olney Author-Name: Carol Rutz Author-X-Name-First: Carol Author-X-Name-Last: Rutz Author-Name: David Weiman Author-X-Name-First: David Author-X-Name-Last: Weiman Title: Forging on-campus connections to enhance undergraduate student reasoning, writing, and research skills Abstract: Research and writing are critical components of an undergraduate education. Partnerships between economics faculty and campus resources can improve student research and writing skills. Here, the authors describe programs at three different campuses that bridge department and campus resources: the Empirical Reasoning Lab at Barnard College, the Writing Program at Carleton College, and the Library's Data Lab at the University of California, Berkeley. The authors describe each program's mission and structure, provide examples of its impact on student learning, and discuss administrative factors (and hurdles) to consider in implementing similar programs elsewhere. Journal: The Journal of Economic Education Pages: 317-326 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353466 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353466 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:317-326 Template-Type: ReDIF-Article 1.0 Author-Name: Victor Lima Author-X-Name-First: Victor Author-X-Name-Last: Lima Author-Name: Grace Tsiang Author-X-Name-First: Grace Author-X-Name-Last: Tsiang Title: Training young researchers: Successful strategies from University of Chicago college economics Abstract: The authors summarize successes in training researchers in the University of Chicago economics program over the last 15 years. Students learn to investigate quantitative relations using models in which purposeful but constrained economic agents interact. They are shown how a productive research culture requires careful work, collegiality, and honesty. Preparing students to perform economics research is a multi-year effort, with clear sequences of ordered coursework and research practice. When advice is signaled early and often to all, motivated students heed that advice and do well. Chicago regularly puts 5 percent of its majors into top PhD programs, for a combined total of 140 over the past 15 years. Journal: The Journal of Economic Education Pages: 310-316 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353467 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353467 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:310-316 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Author-Name: Darshak Patel Author-X-Name-First: Darshak Author-X-Name-Last: Patel Author-Name: Brandon J. Sheridan Author-X-Name-First: Brandon J. Author-X-Name-Last: Sheridan Title: Evaluating Twitter and its impact on student learning in principles of economics courses Abstract: Ever since Becker and Watts (1996) found that economic educators rely heavily on “chalk and talk” as a primary teaching method, economic educators have been seeking new ways to engage students and improve learning outcomes. Recently, the use of social media as a pedagogical tool in economics has received increasing interest. The authors assess students across three different institutions to see if the use of Twitter improves learning outcomes relative to a traditional Learning Management System. Using an experimental design, they find no evidence that the use of Twitter improves students' learning. Journal: The Journal of Economic Education Pages: 243-253 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1353934 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1353934 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:243-253 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Reviewers for Volume 48 Journal: The Journal of Economic Education Pages: 333-336 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1364596 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1364596 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:333-336 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: EOV Editorial Board Journal: The Journal of Economic Education Pages: 337-337 Issue: 4 Volume: 48 Year: 2017 Month: 10 X-DOI: 10.1080/00220485.2017.1368278 File-URL: http://hdl.handle.net/10.1080/00220485.2017.1368278 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:48:y:2017:i:4:p:337-337 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Cochran Author-X-Name-First: Howard Author-X-Name-Last: Cochran Author-Name: Brad Childs Author-X-Name-First: Brad Author-X-Name-Last: Childs Author-Name: Lakisha Simmons Author-X-Name-First: Lakisha Author-X-Name-Last: Simmons Author-Name: Marieta Velikova Author-X-Name-First: Marieta Author-X-Name-Last: Velikova Title: Indexing of the JEE online section Journal: The Journal of Economic Education Pages: 86-86 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551094 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551094 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:86-86 Template-Type: ReDIF-Article 1.0 Author-Name: Leah H. Palm-Forster Author-X-Name-First: Leah H. Author-X-Name-Last: Palm-Forster Author-Name: Joshua M. Duke Author-X-Name-First: Joshua M. Author-X-Name-Last: Duke Title: An endogenous equilibrium game on traffic congestion externalities Abstract: 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 externalities are generated, the effects on private and social welfare, and how appropriately priced tolls can address congestion externalities. Students are asked to evaluate outcomes in five different driving scenarios, with and without congestion or tolls. The authors offer discussion questions to make the activity engaging and informative. They report the results of their efforts to administer the exercise. This 75-minute exercise is appropriate for introductory or intermediate microeconomics, political economy, or environmental economics classes of various sizes. Journal: The Journal of Economic Education Pages: 57-69 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551095 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551095 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:57-69 Template-Type: ReDIF-Article 1.0 Author-Name: Eric P. Chiang Author-X-Name-First: Eric P. Author-X-Name-Last: Chiang Author-Name: Albert J. Sumell Author-X-Name-First: Albert J. Author-X-Name-Last: Sumell Title: Are your students absent, not absent, or present? Mindfulness and student performance Abstract: The concept of mindfulness has received significant attention in recent years as the effects of ubiquitous distractions become more apparent in the workplace and in education. This study examines the relationship between three measures of mindfulness and student performance among a sample of 922 students in introductory economics classes from two large public universities. The authors’ measures of mindfulness include general dispositional mindfulness levels, frequency of mobile device usage during class as a measure of classroom mindfulness, and frequency of test anxiety as a measure of assessment mindfulness. The results show a positive association between all three measures of mindfulness and overall performance. The association between dispositional mindfulness and performance was greater for female students and students with lower grade point averages. Journal: The Journal of Economic Education Pages: 1-16 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551096 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551096 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Silvia Secchi Author-X-Name-First: Silvia Author-X-Name-Last: Secchi Author-Name: Simanti Banerjee Author-X-Name-First: Simanti Author-X-Name-Last: Banerjee Title: A dynamic semester-long social dilemma game for economic and interdisciplinary courses Abstract: The authors present a semester-long game to teach the role of economics in natural resources management. The game is framed within a fisheries context: multiple student fisheries harvest fish to maximize yield/profit, which is measured using a piecewise linear function. There are prizes for both the student and the group with the highest semester-long catch, which brings forth the social dilemma associated with dynamic stock externalities in fisheries. The game can be played in large classes, is robust to student attrition, and requires 5–10 minutes per class period. Given its features, it can be used to teach behavioral economic principles in resource management, incentives versus command-and-control regulations, role of cheap talk, social preferences, punishment, and community management as well as solutions such as aquaculture. Journal: The Journal of Economic Education Pages: 70-85 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551097 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551097 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:70-85 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian J. Wooten Author-X-Name-First: Jadrian J. Author-X-Name-Last: Wooten Author-Name: Kalina Staub Author-X-Name-First: Kalina Author-X-Name-Last: Staub Title: Teaching economics using NBC’s Parks and Recreation Journal: The Journal of Economic Education Pages: 87-88 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551098 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551098 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:87-88 Template-Type: ReDIF-Article 1.0 Author-Name: Sara Gundersen Author-X-Name-First: Sara Author-X-Name-Last: Gundersen Author-Name: Allison Shwachman Kaminaga Author-X-Name-First: Allison Author-X-Name-Last: Shwachman Kaminaga Title: One size doesn’t fit all: A project designing small-scale economic development projects Abstract: The authors describe an innovative active learning strategy for a course on the economics of developing countries—a project designing a small-scale economic development project. Student teams research issues faced by developing countries and identify a specific problem in a specific locale. Students then create a detailed, feasible plan to alleviate the problem. Student plans include five key components: justification, implementation, budget, funding and evaluation. After having implemented this project for six years, the authors believe it has the potential to enhance learning and improve analytical, creative problem-solving and research skills. Results from a spring 2017 survey, where students respond favorably to the project, are discussed. Journal: The Journal of Economic Education Pages: 33-43 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551099 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551099 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:33-43 Template-Type: ReDIF-Article 1.0 Author-Name: Emily C. Marshall Author-X-Name-First: Emily C. Author-X-Name-Last: Marshall Author-Name: Anthony Underwood Author-X-Name-First: Anthony Author-X-Name-Last: Underwood Title: Writing in the discipline and reproducible methods: A process-oriented approach to teaching empirical undergraduate economics research Abstract: The authors of this article describe an empirical research project as a component of an upper-level undergraduate economics writing-in-the-discipline course, thus aiming to reduce the high fixed costs associated with designing an empirical research project assignment and encourage more undergraduate economics research. This project is central to the course structure and has a dual-purpose: to teach students economics writing conventions and reproducible empirical research methods. The authors present a sequenced project design and replication documentation protocol and posit that this promotes student learning and leads to improvements in organization and coherence throughout the entire research and writing process. As an essential element of the course, students learn to do econometrics through effective writing, data management, and empirical analysis. Journal: The Journal of Economic Education Pages: 17-32 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551100 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551100 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:17-32 Template-Type: ReDIF-Article 1.0 Author-Name: Chen Feng Ng Author-X-Name-First: Chen Feng Author-X-Name-Last: Ng Title: A video game to supplement a hybrid principles of microeconomics course Abstract: 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 online portion of the class. The concepts covered in the game include the circular flow model, demand and supply, externalities, comparative advantage, types of market structure, sunk costs, and game theory, and the article explains in detail how the gameplay was related to these concepts. The game can be downloaded for either Windows or Mac computers, or played online at https://sites.google.com/site/gamesforecon/. Journal: The Journal of Economic Education Pages: 44-56 Issue: 1 Volume: 50 Year: 2019 Month: 1 X-DOI: 10.1080/00220485.2018.1551101 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1551101 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:1:p:44-56 Template-Type: ReDIF-Article 1.0 Author-Name: Gerald Eisenkopf Author-X-Name-First: Gerald Author-X-Name-Last: Eisenkopf Author-Name: Pascal A. Sulser Author-X-Name-First: Pascal A. Author-X-Name-Last: Sulser Title: Randomized controlled trial of teaching methods: Do classroom experiments improve economic education in high schools? Abstract: The authors present results from a comprehensive field experiment at Swiss high schools in which they compare the effectiveness of teaching methods in economics. They randomly assigned classes into an experimental and a conventional teaching group, or a control group that received no specific instruction. Both teaching treatments improve economic understanding considerably, while effect sizes between teaching treatments are almost identical. However, preexisting economic competencies crucially affect learning outcomes as more competent students seem to benefit disproportionately from classroom experiments, while weaker students lose out. Supplemental data indicate that the experimental treatment crowded out time for adequately discussing the subject, which may have limited less competent students to generate a profound understanding. Journal: The Journal of Economic Education Pages: 211-225 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179143 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179143 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:211-225 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Rebelein Author-X-Name-First: Robert Author-X-Name-Last: Rebelein Author-Name: Evsen Turkay Author-X-Name-First: Evsen Author-X-Name-Last: Turkay Title: When do first-movers have an advantage? A Stackelberg classroom experiment Abstract: The timing of moves can dramatically affect firm profits and market outcomes. When firms choose output quantities, there is a first-mover advantage, and when firms choose prices, there is a second-mover advantage. Students often find it difficult to understand the differences between these two situations. This classroom experiment simulates each scenario in a way that makes it easy for students to understand the theoretical reasons for the different possible outcomes. The authors have developed a two-firm classroom experiment where students first play a Stackelberg game in which firms sequentially choose production quantities and then a Stackelberg game in which firms sequentially choose prices. When choosing quantities, it is advantageous to move first, and when choosing prices, it is advantageous to wait. Journal: The Journal of Economic Education Pages: 226-240 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179144 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179144 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:226-240 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Skimmyhorn Author-X-Name-First: William L. Author-X-Name-Last: Skimmyhorn Author-Name: Evan R. Davies Author-X-Name-First: Evan R. Author-X-Name-Last: Davies Author-Name: David Mun Author-X-Name-First: David Author-X-Name-Last: Mun Author-Name: Brian Mitchell Author-X-Name-First: Brian Author-X-Name-Last: Mitchell Title: Assessing financial education methods: Principles vs. rules-of-thumb approaches Abstract: Despite thousands of programs and tremendous public and private interest in improving financial decision-making, little is known about how best to teach financial education. Using an experimental approach, the authors estimated the effects of two different education methodologies (principles-based and rules-of-thumb) on the knowledge, self-assessed knowledge, financial self-efficacy, motivation to learn, willingness to seek advice, risk preferences, and time preferences of high-performing undergraduate students. They found both methods increased cognitive measures of knowledge and noncognitive measures of self-efficacy, motivation to learn, and willingness to take financial risks. They found few differences in the relative effectiveness of each method, although the principles methodology appears to generate larger gains in self-efficacy, while the rules-of-thumb method appears to reduce individuals' willingness to seek advice. Journal: The Journal of Economic Education Pages: 193-210 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179145 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179145 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:193-210 Template-Type: ReDIF-Article 1.0 Author-Name: Amy Henderson Author-X-Name-First: Amy Author-X-Name-Last: Henderson Title: Growing by getting their hands dirty: Meaningful research transforms students Abstract: Despite extensive evidence supporting the benefits of undergraduate research, the economics profession has been slow to incorporate such experiences into the curriculum. Where such experiences have been developed, they are often targeted toward high-achieving students. In this article, the author reports on a transformative capstone experience that effectively involved average undergraduate students in meaningful economic research by utilizing community interaction to motivate deep engagement. The author argues that by making community interaction and concrete economic analysis central elements of the capstone course, the benefits of undergraduate research can be extended to all students (not just the elite) and that doing so is critical to our students’ mastery of higher-order proficiencies. Journal: The Journal of Economic Education Pages: 241-257 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179146 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179146 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:241-257 Template-Type: ReDIF-Article 1.0 Author-Name: Matthew C. Rousu Author-X-Name-First: Matthew C. Author-X-Name-Last: Rousu Title: Broadway economics Journal: The Journal of Economic Education Pages: 268-268 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179147 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179147 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:268-268 Template-Type: ReDIF-Article 1.0 Author-Name: Martin I. Milkman Author-X-Name-First: Martin I. Author-X-Name-Last: Milkman Author-Name: Riza Marjadi Author-X-Name-First: Riza Author-X-Name-Last: Marjadi Author-Name: James P. McCoy Author-X-Name-First: James P. Author-X-Name-Last: McCoy Title: Are MS in economics programs in departments that also have a PhD program in economics different from their counterparts? Abstract: This is the first article that compares terminal master's degree programs in economics from universities that have a PhD program in economics with those that do not offer PhD programs in economics. The authors compare these differences based on surveys in 2002 and 2012. They examine differences in general program characteristics, department faculty, admission requirements, student characteristics, financial aid, and graduation and placement rates. They find statistically significant differences in all of these categories and also find that some of the differences and similarities have changed over time. Journal: The Journal of Economic Education Pages: 258-267 Issue: 3 Volume: 47 Year: 2016 Month: 7 X-DOI: 10.1080/00220485.2016.1179148 File-URL: http://hdl.handle.net/10.1080/00220485.2016.1179148 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:47:y:2016:i:3:p:258-267 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Gill Author-X-Name-First: Andrew Author-X-Name-Last: Gill Author-Name: Radha Bhattacharya Author-X-Name-First: Radha Author-X-Name-Last: Bhattacharya Title: The effects of a financial literacy intervention on the financial and economic knowledge of high school students Abstract: The authors taught financial concepts to students in 12th-grade economics classes, where one treatment was intensive in money management (MM) topics and the other was intensive in financial investment (FI) topics. Two control groups, consisting of 11th-grade students with no exposure to economics and 12th-grade economics students, received no treatment. Both treatment groups showed a 13 percentage point increase in test scores from pretest to posttest, while neither control group showed gains. Neither treatment group outperformed the other in the financial literacy test. Journal: The Journal of Economic Education Pages: 215-229 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618761 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618761 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:215-229 Template-Type: ReDIF-Article 1.0 Author-Name: Tamara Lynn Trafton Author-X-Name-First: Tamara Author-X-Name-Last: Lynn Trafton Title: Teaching students to extend economic models using in-class scaffolding assignments Abstract: The author discusses how to teach students to extend economic models using in-class scaffolding assignments, supported by discussions and workshops. Methods include discussions of a model’s strengths and weaknesses; small group, in-class assignments that provide steps toward model extension; informal presentations of the work resulting from these assignments; and large group, post-presentation discussions in which students critique and build upon each other’s work. Students then draw upon what they have learned to take one final step—to write a paper detailing a model extension. Although student model extensions do not reach a professional level of sophistication, students do extend models beyond what they know of them from textbooks and lectures. In doing so, students begin to create knowledge and to participate in economic discourse. Journal: The Journal of Economic Education Pages: 230-241 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618764 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618764 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:230-241 Template-Type: ReDIF-Article 1.0 Author-Name: Tomas Dvorak Author-X-Name-First: Tomas Author-X-Name-Last: Dvorak Author-Name: Simon D. Halliday Author-X-Name-First: Simon D. Author-X-Name-Last: Halliday Author-Name: Michael O’Hara Author-X-Name-First: Michael Author-X-Name-Last: O’Hara Author-Name: Aaron Swoboda Author-X-Name-First: Aaron Author-X-Name-Last: Swoboda Title: Efficient empiricism: Streamlining teaching, research, and learning in empirical courses Abstract: 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, research, and collaboration. The authors report on their use of R Markdown in undergraduate teaching, including core courses, electives, and senior theses. They discuss the costs and benefits of adoption, and explain the advantages of R Markdown in teaching reproducibility of empirical work, avoiding time-consuming and error-prone “cut and paste,” and facilitating a one-stop solution for importing, cleaning, manipulating, visualizing, and communicating with data. Journal: The Journal of Economic Education Pages: 242-257 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618765 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618765 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:242-257 Template-Type: ReDIF-Article 1.0 Author-Name: N. Gregory Mankiw Author-X-Name-First: N. Author-X-Name-Last: Gregory Mankiw Title: Six guidelines for teaching intermediate macroeconomics Journal: The Journal of Economic Education Pages: 258-260 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618768 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618768 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:258-260 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas J. Nechyba Author-X-Name-First: Thomas J. Author-X-Name-Last: Nechyba Title: What should students learn in intermediate microeconomics? To think conceptually from the fundamentals of the discipline Journal: The Journal of Economic Education Pages: 261-264 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618769 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618769 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:261-264 Template-Type: ReDIF-Article 1.0 Author-Name: Dean Croushore Author-X-Name-First: Dean Author-X-Name-Last: Croushore Title: What should we teach in intermediate macroeconomics? Journal: The Journal of Economic Education Pages: 265-268 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618770 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618770 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:265-268 Template-Type: ReDIF-Article 1.0 Author-Name: Austan Goolsbee Author-X-Name-First: Austan Author-X-Name-Last: Goolsbee Title: What should we teach in intermediate microeconomics? Journal: The Journal of Economic Education Pages: 269-272 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618771 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618771 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:269-272 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel S. Hamermesh Author-X-Name-First: Daniel S. Author-X-Name-Last: Hamermesh Title: 50 years of teaching introductory economics Abstract: The author of this article describes his experiences in teaching huge classes of principles of economics over the last half-century. He lays out changes in pedagogy and illustrates various novel devices used to explain economic ideas and hold students’ attention. Additionally, he considers the appropriate sizes of intro classes and weighs the advantages and disadvantages of alternative methods of staffing them. Journal: The Journal of Economic Education Pages: 273-283 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618767 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618767 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:273-283 Template-Type: ReDIF-Article 1.0 Author-Name: Simon D. Halliday Author-X-Name-First: Simon D. Author-X-Name-Last: Halliday Title: Data literacy in economic development Abstract: In economic development and other economics electives, students regularly encounter economic measures of absolute and relative deprivation, from poverty measures like the Foster-Greer-Thorbecke index to measures of distribution like the Gini index. By “doing economics,” students practice applying economic measurement to real-world data and develop more general data literacy. The author proposes a series of exercises starting with stylized 10-household economies, proceeding to nationally representative cross-sectional surveys using MS Excel or Google Spreadsheets, and culminating in students applying their acquired data literacy to a team project. The data sources are easily tailored to alternative household surveys in low- and middle-income countries that include the required variables. Students learn data literacy through recognizing the properties of rectangular data, visualizing data appropriately, and creating aggregate economic measures. Journal: The Journal of Economic Education Pages: 284-298 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618762 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618762 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:284-298 Template-Type: ReDIF-Article 1.0 Author-Name: Amanda Bayer Author-X-Name-First: Amanda Author-X-Name-Last: Bayer Author-Name: David W. Wilcox Author-X-Name-First: David W. Author-X-Name-Last: Wilcox Title: The unequal distribution of economic education: A report on the race, ethnicity, and gender of economics majors at U.S. colleges and universities Abstract: Economic education is distributed unequally. Among U.S. undergraduates, women and underrepresented minority students collectively major in economics at 0.36 the rate that white, non-Hispanic men do. The authors establish a definition of full inclusion in economic education and use that definition to evaluate the status quo and to compare institutions. A companion resource, hosted by the Federal Reserve Bank of New York, provides interactive access to the data to attract and inform the attention of economists, university administrators, and others. The authors explain why the need to improve the distribution of economic education is urgent, including the imperative to support economic policymaking. Lastly, they point the way forward, identifying currently available resources and reasonable next steps for all involved parties to take. Journal: The Journal of Economic Education Pages: 299-320 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618766 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618766 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:299-320 Template-Type: ReDIF-Article 1.0 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Switching majors – into and out of economics Abstract: Using student transcripts from six institutions over a 23-year timespan, the authors investigate the movement of students into and out of the economics major. Considerable movement between majors occurs with 83 percent of economics graduates switching in after their first principles course. These eventual majors come from a variety of sources, but primarily from business, engineering, science and maths. In an absolute sense, weaker students (as measured by cumulative GPA) switch into economics. However, students appear to move to disciplines of relative academic strength (as indicated by relative grades). While females from other majors are less likely to switch into economics, traditionally underrepresented minorities are largely attracted to economics from other disciplines at similar (or higher) rates to which they persist in originally declared majors. Journal: The Journal of Economic Education Pages: 321-332 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618763 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618763 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:321-332 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 2001–2018 Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2010 (2009–10) through 2013, increased rapidly (almost 15%) over the two years from 2013 through 2015, but have subsequently leveled off in 2016 through 2018. Journal: The Journal of Economic Education Pages: 333-336 Issue: 3 Volume: 50 Year: 2019 Month: 7 X-DOI: 10.1080/00220485.2019.1618772 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1618772 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:3:p:333-336 Template-Type: ReDIF-Article 1.0 Author-Name: Mark A. Melichar Author-X-Name-First: Mark A. Author-X-Name-Last: Melichar Title: Economics gone country Journal: The Journal of Economic Education Pages: 363-363 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500956 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500956 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:363-363 Template-Type: ReDIF-Article 1.0 Author-Name: Maia Linask Author-X-Name-First: Maia Author-X-Name-Last: Linask Author-Name: James Monks Author-X-Name-First: James Author-X-Name-Last: Monks Title: Measuring faculty teaching effectiveness using conditional fixed effects Abstract: Using a dataset of 48 faculty members and 88 courses over 26 semesters, the authors estimate Student Evaluation of Teaching (SET) ratings that are conditional on a multitude of course, faculty, and student attributes. They find that ratings are lower for required courses and those where students report a lower prior level of interest. Controlling for these variables substantially alters the SET ratings for many instructors. The average absolute value of the difference between the faculty ratings controlling just for time effects and fully conditional ratings is nearly one-half of a standard deviation in the students’ rating of how much they learned. This difference produces a change in quartile rank for over half the sample across two summary course evaluation measures. Journal: The Journal of Economic Education Pages: 324-339 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500957 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500957 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:324-339 Template-Type: ReDIF-Article 1.0 Author-Name: Giam Pietro Cipriani Author-X-Name-First: Giam Pietro Author-X-Name-Last: Cipriani Title: Gender difference in willingness to guess after a failure Abstract: 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 wrong answers. Using a dataset of multiple-choice exams, the author investigates this issue by analyzing the number of unanswered questions. Since most individuals take this exam repeatedly, differences after a failure also can be observed. The results in this article show that there are significant differences between men and women: in the second and third attempts women omit more questions than men. However, this is also the case in the first attempt after excluding the best students. Journal: The Journal of Economic Education Pages: 299-306 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500958 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500958 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:299-306 Template-Type: ReDIF-Article 1.0 Author-Name: Ben O. Smith Author-X-Name-First: Ben O. Author-X-Name-Last: Smith Author-Name: Jamie Wagner Author-X-Name-First: Jamie Author-X-Name-Last: Wagner Title: Adjusting for guessing and applying a statistical test to the disaggregation of value-added learning scores Abstract: 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 to zero versus negative learning. However, the original disaggregation is sensitive to student guessing. This article extends the original work by accounting for guessing and provides adjusted estimators using the existing disaggregated values. Further, Monte Carlo simulations of the adjusted learning type estimates are provided. Under certain assumptions, an instructor can determine if a difference in positive (or negative) learning is the result of a true change in learning or “white noise.” Journal: The Journal of Economic Education Pages: 307-323 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500959 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500959 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:307-323 Template-Type: ReDIF-Article 1.0 Author-Name: Kelly Grogan Author-X-Name-First: Kelly Author-X-Name-Last: Grogan Title: The great American health care debate: A classroom game to explore risk and insurance Abstract: 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 expenses, based on their randomly assigned fictitious person’s age and health status. In each round, students made insurance decisions and then rolled dice to determine outcomes for each possible medical expense. The experiment considered insurance with an individual mandate, insurance without an individual mandate, insurance where students could purchase à la carte coverage mimicking proposed insurance riders for certain coverage, and insurance where pre-existing conditions were not covered. Journal: The Journal of Economic Education Pages: 340-349 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500960 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500960 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:340-349 Template-Type: ReDIF-Article 1.0 Author-Name: R. Scott Harris Author-X-Name-First: R. Author-X-Name-Last: Scott Harris Author-Name: Joshua Hill Author-X-Name-First: Joshua Author-X-Name-Last: Hill Author-Name: Talia Harris Author-X-Name-First: Talia Author-X-Name-Last: Harris Title: Exponential smoothing spreadsheets Journal: The Journal of Economic Education Pages: 366-366 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500961 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500961 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:366-366 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian J. Wooten Author-X-Name-First: Jadrian J. Author-X-Name-Last: Wooten Title: Economics media library Journal: The Journal of Economic Education Pages: 364-365 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500962 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500962 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:364-365 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Assessment of economic competencies using a matrix puzzle and a document analysis Abstract: In this article, the author presents two alternative approaches to the assessment of competencies in economics. The first is a concept assessment as a matrix puzzle. The rows of the matrix are the economic changes and the columns are the economic outcomes. To solve the puzzle, students state which change is associated with an outcome and which is not. The second one is a performance assessment as a document analysis that gives students documents and asks them to use them to analyze a realistic economic problem. Students use higher-order thinking in the process of selecting information from the document and in preparing their written answers. The explanation of each assessment type uses tasks related to supply and demand as examples. Journal: The Journal of Economic Education Pages: 350-362 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1500963 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1500963 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:350-362 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Reviewers for Volume 49 Journal: The Journal of Economic Education Pages: 367-369 Issue: 4 Volume: 49 Year: 2018 Month: 10 X-DOI: 10.1080/00220485.2018.1505235 File-URL: http://hdl.handle.net/10.1080/00220485.2018.1505235 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:49:y:2018:i:4:p:367-369 Template-Type: ReDIF-Article 1.0 Author-Name: Gayane Barseghyan Author-X-Name-First: Gayane Author-X-Name-Last: Barseghyan Author-Name: Aram Grigoryan Author-X-Name-First: Aram Author-X-Name-Last: Grigoryan Title: Equilibrium with capacity-constrained firms: A classroom experiment Abstract: 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 that this supply shock yields a higher market price and, under assumed parameterization, several higher-cost firms that otherwise are not able to survive in the long-run equilibrium enter the market and earn positive profits. Journal: The Journal of Economic Education Pages: 129-141 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582382 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:129-141 Template-Type: ReDIF-Article 1.0 Author-Name: Dean Croushore Author-X-Name-First: Dean Author-X-Name-Last: Croushore Author-Name: Hossein S. Kazemi Author-X-Name-First: Hossein S. Author-X-Name-Last: Kazemi Title: Teaching courses in macroeconomics and monetary policy with Bloomberg analytics Abstract: In this article, the authors illustrate the use of Bloomberg for analyzing topics in macroeconomics and monetary policy in economics and finance courses. The hands-on experience that students gain from such a course has many benefits, including deeper learning and clearer understanding of data. The authors describe goals and learning objectives, then compare Bloomberg with Federal Reserve Economic Data (FRED). In addition, they provide examples of how to use Bloomberg in the classroom, describe how to have students perform sector analysis, show how Bloomberg tools are useful for analyzing monetary policy, discuss how to use Bloomberg to analyze the financial sector, and illustrate the platform’s use in a case study. Journal: The Journal of Economic Education Pages: 108-128 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582383 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:108-128 Template-Type: ReDIF-Article 1.0 Author-Name: Anna Josephson Author-X-Name-First: Anna Author-X-Name-Last: Josephson Author-Name: Larry DeBoer Author-X-Name-First: Larry Author-X-Name-Last: DeBoer Author-Name: Dave Nelson Author-X-Name-First: Dave Author-X-Name-Last: Nelson Author-Name: Angelika Zissimopoulos Author-X-Name-First: Angelika Author-X-Name-Last: Zissimopoulos Title: Learning to do: Facilitating practice in a large introductory macroeconomics class Abstract: 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 literature describing independent activities by sharing a set of class exercises and assignments that comprise an entire course. The course discussed in this article is a large enrollment introductory course and presents a novel approach to active learning, adapted to this often-challenging context. The course emphasizes engaging students by encouraging them to practice using macroeconomic tools. Journal: The Journal of Economic Education Pages: 142-156 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582384 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:142-156 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Erfle Author-X-Name-First: Stephen Author-X-Name-Last: Erfle Title: A geometric approach to multicollinearity Journal: The Journal of Economic Education Pages: 213-213 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582385 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:213-213 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Setting an agenda for the future Journal: The Journal of Economic Education Pages: 207-212 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582386 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:207-212 Template-Type: ReDIF-Article 1.0 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Title: Continuity and change in the Journal of Economic Education over 50 years Journal: The Journal of Economic Education Pages: 157-167 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582387 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582387 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:157-167 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: 50 years of economic instruction in the Journal of Economic Education Journal: The Journal of Economic Education Pages: 168-195 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582388 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:168-195 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: Georg Schaur Author-X-Name-First: Georg Author-X-Name-Last: Schaur Title: 50 years of research in the Journal of Economic Education Journal: The Journal of Economic Education Pages: 196-206 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1582389 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1582389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:196-206 Template-Type: ReDIF-Article 1.0 Author-Name: John Duffy Author-X-Name-First: John Author-X-Name-Last: Duffy Author-Name: Brian C. Jenkins Author-X-Name-First: Brian C. Author-X-Name-Last: Jenkins Title: A classroom experiment in monetary policy Abstract: The authors propose a classroom experiment implementing a simple version of a New Keynesian model suitable for courses in intermediate macroeconomics and money and banking. Students play as either the central bank or members of the private sector. The central banker sets interest rates to meet twin objectives for inflation and the output gap or to meet only an inflation target. In both settings, private sector agents are concerned with correctly forecasting the inflation rate. The authors show that an experiment implementing this setup is feasible and yields results that enhance understanding of the New Keynesian model of monetary policy. They propose alternative versions where the central bank is replaced by a policy rule and provide suggestions for discussing the experimental results with students. Journal: The Journal of Economic Education Pages: 89-107 Issue: 2 Volume: 50 Year: 2019 Month: 4 X-DOI: 10.1080/00220485.2019.1583148 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1583148 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:50:y:2019:i:2:p:89-107 Template-Type: ReDIF-Article 1.0 Author-Name: Erik Craft Author-X-Name-First: Erik Author-X-Name-Last: Craft Author-Name: Maia Linask Author-X-Name-First: Maia Author-X-Name-Last: Linask Title: Learning effects of the flipped classroom in a principles of microeconomics course Abstract: 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 the time of day when the treatment and control sections were taught each year. Controlling for gender, ACT score, a normed high school GPA, Pell Grant award, time of day, and initial knowledge of economics, the authors find no evidence of increased learning using end-of-semester measures for students in the flipped classroom in comparison to sections with a moderate amount of active learning. Journal: The Journal of Economic Education Pages: 1-18 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687372 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687372 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Johnson Author-X-Name-First: Paul Author-X-Name-Last: Johnson Author-Name: James Staveley-O’Carroll Author-X-Name-First: James Author-X-Name-Last: Staveley-O’Carroll Title: An exchange rate risk experiment with multiple currencies Abstract: 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 an understanding of currency movements, financial risk, and portfolio management. The experiment allows for a test of the efficient markets hypothesis. A single class spreadsheet is used to record the history of trades and portfolio balances, assist in formulation of team strategy, and provide the raw data for students to analyze their performance in an end-of-semester reflection paper. Sample outcomes from classes in money and banking and international economics are discussed. Journal: The Journal of Economic Education Pages: 19-30 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687375 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687375 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:19-30 Template-Type: ReDIF-Article 1.0 Author-Name: Anna Rita Bennato Author-X-Name-First: Anna Rita Author-X-Name-Last: Bennato Author-Name: Adrian Gourlay Author-X-Name-First: Adrian Author-X-Name-Last: Gourlay Author-Name: Chris M. Wilson Author-X-Name-First: Chris M. Author-X-Name-Last: Wilson Title: A classroom experiment on the causes and forms of bounded rationality in individual choice Abstract: 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 how a range of factors can prompt bounded rationality and illustrates how it can manifest itself in the form of different behaviors. The experiment can be conducted with any number of students and takes approximately 30 minutes to conduct, with a further 10 to 20 minutes to reflect and debrief. Journal: The Journal of Economic Education Pages: 31-41 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687374 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687374 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:31-41 Template-Type: ReDIF-Article 1.0 Author-Name: Bei Hong Author-X-Name-First: Bei Author-X-Name-Last: Hong Title: A demand and supply game exploring global supply chains Abstract: In this article, the author describes a classroom experiment in which participants make decisions to achieve the lowest-cost production. Student volunteers acting as smartphone companies are provided with confidential information representing their own cost of production and are asked to make trade decisions to form a supply chain at the lowest possible cost. This interactive classroom experiment facilitates an understanding and appreciation of the basic demand and supply model. Students also explore the motivations, facilitators, and impediments of global supply chains. Suggestions are made to expand the game by incorporating more sophisticated models of the global supply chain, and also ways in which it can explore aspects of economics such as transportation costs, oligopoly and the narrowing wage gap between Eastern and Western economies. Journal: The Journal of Economic Education Pages: 42-51 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687373 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687373 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:42-51 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Carattini Author-X-Name-First: Stefano Author-X-Name-Last: Carattini Author-Name: Eli P. Fenichel Author-X-Name-First: Eli P. Author-X-Name-Last: Fenichel Author-Name: Alexander Gordan Author-X-Name-First: Alexander Author-X-Name-Last: Gordan Author-Name: Patrick Gourley Author-X-Name-First: Patrick Author-X-Name-Last: Gourley Title: For want of a chair: Teaching price formation using a cap and trade game Abstract: “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 represent a great opportunity for instructors to show students how economic theory is used in the real world. Students can learn several important tenets of economics by playing an in-class game based on musical chairs, which creates a market for pollution using a mobile app or paper-based interaction. This active learning method engages students and improves comprehension of price formation, gains from trade, voluntary response to incentives, and an important environmental policy. Journal: The Journal of Economic Education Pages: 52-66 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687379 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687379 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:52-66 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: The Federal Reserve Board and economic education Journal: The Journal of Economic Education Pages: 67-67 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687381 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687381 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:67-67 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew T. Hill Author-X-Name-First: Andrew T. Author-X-Name-Last: Hill Author-Name: Scott Wolla Author-X-Name-First: Scott Author-X-Name-Last: Wolla Title: A survey of Federal Reserve economic education programs and resources1 Abstract: The authors survey the economic education programs and resources produced and supported by the Federal Reserve System: from K–16 professional development opportunities for teachers and professors, to free lesson plans, videos, online learning modules, and readings ready for the classroom. They provide the history, goals, context, and reach of the Federal Reserve System’s economic and personal financial education efforts, and summarize the research produced by Reserve Bank staff on economic and personal financial education program effectiveness. They explain how the Dodd-Frank Act has affected the Reserve Banks’ personal financial education programming and provide summary measures of the impact of the Federal Reserve System’s economic and personal financial education efforts on students and teachers nationwide. Journal: The Journal of Economic Education Pages: 68-79 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687380 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687380 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:68-79 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Clayton Author-X-Name-First: Stephen Author-X-Name-Last: Clayton Author-Name: Daniel Nuckols Author-X-Name-First: Daniel Author-X-Name-Last: Nuckols Title: The Economics Scholars Program: Creating a professional economics research conference for undergraduate students Abstract: Whether pursuing immediate professional careers or preparing for graduate research, for many students the opportunities to conduct original research as undergraduates can be formative, creating a valuable differentiating factor on their resumes. The Economics Scholars Program builds an environment where undergraduate students can conduct economic research and then follow with another facet of the research experience, namely, presenting at a professional conference. Due to a collaborative effort between Austin College and the Federal Reserve Bank of Dallas, the conference helps create research opportunities for undergraduates. The partnership enhances the Federal Reserve Bank of Dallas’s commitment to thoughtful leadership in economics and building relationships. Entering its 14th year, the conference has grown from 23 participants in 2007 to over 300 participants from 36 schools in 2018. Journal: The Journal of Economic Education Pages: 80-86 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687378 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687378 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:80-86 Template-Type: ReDIF-Article 1.0 Author-Name: Diego Mendez-Carbajo Author-X-Name-First: Diego Author-X-Name-Last: Mendez-Carbajo Title: Active learning with FRED data Abstract: 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 classroom. Following that, he describes a type of interactive instructional resource called FRED Interactive (FRED-I) modules, accessible through econlowdown.org, the online repository of multimedia teaching and learning resources produced and curated by the Federal Reserve Bank of St. Louis. The author then illustrates the use of these modules in hybrid classrooms through several examples. He concludes by presenting potential lines of research on the topic of active learning with data. Journal: The Journal of Economic Education Pages: 87-94 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687377 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687377 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:87-94 Template-Type: ReDIF-Article 1.0 Author-Name: Diego Mendez-Carbajo Author-X-Name-First: Diego Author-X-Name-Last: Mendez-Carbajo Author-Name: Lucy C. Malakar Author-X-Name-First: Lucy C. Author-X-Name-Last: Malakar Title: Flipping the classroom with econlowdown.org Abstract: 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 alignment with national content standards in economics and prescribed State of Ohio learning outcomes are important adoption considerations under performance-based funding constraints. The authors document high rates of assignment completion, suggesting students found the resources easy to access and engaging. Overall, they found the online video podcasts and virtual lectures produced by the economic education specialists and instructional designers at the St. Louis Fed to be valuable instructional assets in different institutional settings and across disparate student populations. Journal: The Journal of Economic Education Pages: 95-102 Issue: 1 Volume: 51 Year: 2020 Month: 1 X-DOI: 10.1080/00220485.2019.1687376 File-URL: http://hdl.handle.net/10.1080/00220485.2019.1687376 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:1:p:95-102 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin Artz Author-X-Name-First: Benjamin Author-X-Name-Last: Artz Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Author-Name: Denise Robson Author-X-Name-First: Denise Author-X-Name-Last: Robson Author-Name: Sarinda Taengnoi Author-X-Name-First: Sarinda Author-X-Name-Last: Taengnoi Title: Taking notes in the digital age: Evidence from classroom random control trials Abstract: Taking good notes is linked to success in college. However, increased use of computers to take notes necessitates reconsideration of the linkages between note-taking and learning. One difficulty is disentangling the latent student characteristics that may correlate with computer use from the actual effect of computer note-taking on information retention. The authors employ a within-subject, random control experiment to distinguish whether the commonly perceived negative correlation between digital note-taking and performance is due to the note-taking process itself, or is instead due to the characteristics of students who choose to use computers. Their findings suggest that digital note-taking does not have a statistically meaningful impact on student performance; rather, the problem likely lies in the students’ choice to use the computer. Journal: The Journal of Economic Education Pages: 103-115 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731386 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:103-115 Template-Type: ReDIF-Article 1.0 Author-Name: Jill Caviglia-Harris Author-X-Name-First: Jill Author-X-Name-Last: Caviglia-Harris Title: Using the process approach to teach writing in economics Abstract: Economists largely agree that writing is fundamental to understanding and communicating economics and can serve as an effective way to teach students to “think like economists.” However, only a small percentage of programs include writing-intensive courses, a major research paper, or a senior thesis, and even fewer devote class time to the writing process. This article provides a multi-dimensional classification of process-based writing assignments that are categorized according to two criteria: writing skill and economic understanding, and outlines how economists can use these approaches in a range of economic courses that do and do not include a research paper. Journal: The Journal of Economic Education Pages: 116-129 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731384 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:116-129 Template-Type: ReDIF-Article 1.0 Author-Name: Kristen Roche Carioti Author-X-Name-First: Kristen Author-X-Name-Last: Roche Carioti Title: Student loan debt: A problem-based learning activity for introductory economics students Abstract: Student loan debt and delinquency is a mounting problem among college graduates. To show students the consequences of debt-financing their education in an economic context, the author describes a collaborative problem-based learning activity designed for small, introductory economics courses. The activity has three parts: an introduction to the current statistics and trends on student loan debt, a postmortem analysis of three fictitious borrowers, and a pre-mortem analysis of the student’s education, career plan, and financial goals. The activity applies economic topics including pre- and postmortem analysis, financial literacy, and opportunity cost and tradeoffs. Pre- and post-activity survey results find evidence of students improving their knowledge of their own student loan debt situation, salary outlook, and the repayment plans available to them post-graduation. Journal: The Journal of Economic Education Pages: 130-142 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731388 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:130-142 Template-Type: ReDIF-Article 1.0 Author-Name: Lea Fortmann Author-X-Name-First: Lea Author-X-Name-Last: Fortmann Author-Name: Justin Beaudoin Author-X-Name-First: Justin Author-X-Name-Last: Beaudoin Author-Name: Isha Rajbhandari Author-X-Name-First: Isha Author-X-Name-Last: Rajbhandari Author-Name: Aedin Wright Author-X-Name-First: Aedin Author-X-Name-Last: Wright Author-Name: Steven Neshyba Author-X-Name-First: Steven Author-X-Name-Last: Neshyba Author-Name: Penny Rowe Author-X-Name-First: Penny Author-X-Name-Last: Rowe Title: Teaching modules for estimating climate change impacts in economics courses using computational guided inquiry Abstract: 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 computational framework, such as Excel. In one module, students estimate and graph expected marginal damages due to regional sea level rise for various polar ice melt scenarios. In the second module, students partially replicate a journal article estimating the total economic value of ecosystem services in the Arctic. These modules have been used in urban, environmental, and climate change economics courses, and are ready to be implemented with minimal upfront cost to instructors. Journal: The Journal of Economic Education Pages: 143-158 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731383 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:143-158 Template-Type: ReDIF-Article 1.0 Author-Name: Michael J. Clark Author-X-Name-First: Michael J. Author-X-Name-Last: Clark Title: The Alchian Maze Abstract: 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 of economic principles that could be taught in conjunction with the game will also be explored. The Alchian Maze was selected for 2019’s Best in Class Award by the National Economics Teaching Association. A video demonstration and overview can be found at https://youtu.be/Q-1w0dgAG80. Journal: The Journal of Economic Education Pages: 159-166 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731392 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:159-166 Template-Type: ReDIF-Article 1.0 Author-Name: Emily C. Marshall Author-X-Name-First: Emily C. Author-X-Name-Last: Marshall Author-Name: Anthony Underwood Author-X-Name-First: Anthony Author-X-Name-Last: Underwood Title: Is economics STEM? Trends in the discipline from 1997 to 2018 Abstract: The authors of this article examine trends in the economics discipline regarding the classification of some undergraduate economics majors, i.e., econometrics and quantitative economics degrees, as STEM. According to the Integrated Postsecondary Education Data System (IPEDS), the number of institutions conferring undergraduate econometrics and quantitative economics (STEM-eligible) degrees rose from 25 in 2012 to 71 in 2018, with total degrees conferred increasing 12-fold. By 2018, STEM-eligible economics degrees comprised 13.2 percent of all undergraduate economics degrees conferred, up from just 1.2 percent in 2012. This brief note outlines trends in undergraduate economics majors regarding STEM and non-STEM degree distinctions and discusses potential motivations for these changes. Journal: The Journal of Economic Education Pages: 167-174 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731387 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731387 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:167-174 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Title: Admission into economic PhD programs: Results of a recent study and advice from directors of graduate studies at six exemplary U.S. economics PhD programs Journal: The Journal of Economic Education Pages: 175-176 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731389 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:175-176 Template-Type: ReDIF-Article 1.0 Author-Name: Adam Jones Author-X-Name-First: Adam Author-X-Name-Last: Jones Author-Name: Peter Schuhmann Author-X-Name-First: Peter Author-X-Name-Last: Schuhmann Author-Name: Daniel Soques Author-X-Name-First: Daniel Author-X-Name-Last: Soques Author-Name: Allison Witman Author-X-Name-First: Allison Author-X-Name-Last: Witman Title: So you want to go to graduate school? Factors that influence admissions to economics PhD programs Abstract: The authors survey admissions coordinators about the importance of application components in admissions decisions for economics PhD programs. The survey explores the importance of difficult-to-quantify aspects such as a targeted personal statement, strength of letters of recommendation, extracurricular activities, and related work experience. The most important aspects of an application are GPAs in math and economics, letters of recommendation, and GRE quantitative score. The strength of letters of recommendation carries more weight than the prominence of the letter writer. Top-25 programs place a higher value on undergraduate program rank (for students from both domestic and international universities) and strength of letters of recommendation. Journal: The Journal of Economic Education Pages: 177-190 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731385 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:177-190 Template-Type: ReDIF-Article 1.0 Author-Name: Gautam Gowrisankaran Author-X-Name-First: Gautam Author-X-Name-Last: Gowrisankaran Title: Comments on Jones et al. and advice for the graduate school application process Journal: The Journal of Economic Education Pages: 191-193 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731390 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:191-193 Template-Type: ReDIF-Article 1.0 Author-Name: M. Daniele Paserman Author-X-Name-First: M. Daniele Author-X-Name-Last: Paserman Title: Comments on “So you want to go to graduate school? Factors that influence admissions to economics PhD programs” by Jones et al. Journal: The Journal of Economic Education Pages: 194-198 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731391 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731391 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:194-198 Template-Type: ReDIF-Article 1.0 Author-Name: Navin Kartik Author-X-Name-First: Navin Author-X-Name-Last: Kartik Title: Comments for JEE based on ASSA panel discussion “Preparing undergraduates for application to graduate school” Journal: The Journal of Economic Education Pages: 199-200 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731394 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:199-200 Template-Type: ReDIF-Article 1.0 Author-Name: Martin Boileau Author-X-Name-First: Martin Author-X-Name-Last: Boileau Title: Admissions to economics PhD program: Perspectives from a large public university Journal: The Journal of Economic Education Pages: 201-202 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731393 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731393 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:201-202 Template-Type: ReDIF-Article 1.0 Author-Name: Wojciech Olszewski Author-X-Name-First: Wojciech Author-X-Name-Last: Olszewski Title: Preparing undergraduates for application to graduate school Journal: The Journal of Economic Education Pages: 203-205 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731396 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731396 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:203-205 Template-Type: ReDIF-Article 1.0 Author-Name: Marcus Berliant Author-X-Name-First: Marcus Author-X-Name-Last: Berliant Title: Preparing undergraduates for application to graduate school: Comments on Jones et al (2020) Journal: The Journal of Economic Education Pages: 206-208 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731395 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731395 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:206-208 Template-Type: ReDIF-Article 1.0 Author-Name: Kyle Hampton Author-X-Name-First: Kyle Author-X-Name-Last: Hampton Author-Name: Paul Johnson Author-X-Name-First: Paul Author-X-Name-Last: Johnson Title: Kiviq.us: A free double auction Internet classroom experiment that runs on any student device Journal: The Journal of Economic Education Pages: 209-209 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731381 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731381 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:209-209 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian Wooten Author-X-Name-First: Jadrian Author-X-Name-Last: Wooten Author-Name: Kalina Staub Author-X-Name-First: Kalina Author-X-Name-Last: Staub Author-Name: Susan Reilly Author-X-Name-First: Susan Author-X-Name-Last: Reilly Title: Economics within ABC’s Modern Family Journal: The Journal of Economic Education Pages: 210-210 Issue: 2 Volume: 51 Year: 2020 Month: 4 X-DOI: 10.1080/00220485.2020.1731382 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1731382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:2:p:210-210 Template-Type: ReDIF-Article 1.0 Author-Name: Lauren Calimeris Author-X-Name-First: Lauren Author-X-Name-Last: Calimeris Author-Name: Edward Kosack Author-X-Name-First: Edward Author-X-Name-Last: Kosack Title: Immediate feedback assessment technique (IF-AT) quizzes and student performance in microeconomic principles courses Abstract: In this study, the authors investigate the impact of the Immediate Feedback Assessment Technique (IF-AT) on student learning outcomes in principles of microeconomics classes. The IF-AT enables students to receive immediate feedback and to retry questions for partial credit. The authors use a randomized experiment to evaluate the effect of the IF-AT versus a traditional Scantron quiz on student learning as measured by exam performance. The randomization enables a student-fixed effects estimation of the effect of the IF-AT. There is no significant impact of the IF-AT on multiple choice exam questions; however, students scored 2.1 percentage points higher on short answer questions relating to units for which they received an IF-AT quiz relative to other units. Finally, students responded favorably to the IF-AT format. Journal: The Journal of Economic Education Pages: 211-226 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804501 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804501 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:211-226 Template-Type: ReDIF-Article 1.0 Author-Name: Tim Kaiser Author-X-Name-First: Tim Author-X-Name-Last: Kaiser Author-Name: Luis Oberrauch Author-X-Name-First: Luis Author-X-Name-Last: Oberrauch Author-Name: Günther Seeber Author-X-Name-First: Günther Author-X-Name-Last: Seeber Title: Measuring economic competence of secondary school students in Germany Abstract: The authors introduce a test of economic competence for German-speaking secondary school students and provide evidence from a large-scale assessment with 6,230 students from grades 7 to 10. They present the development and psychometric properties of the scale, along with an investigation of predictors of economic competence. They find evidence of a gender gap favoring male students, lower scores for students with a migration background, and parents’ socioeconomic background being a predictor of test performance. Additionally, the authors document sizeable differences between tracks, as well as gains in economic competence across grades in the order of magnitude of 0.06 to 0.20 standard deviation per year. The article concludes with perspectives on an impact evaluation of a curriculum reform introducing mandatory economic education in secondary school. Journal: The Journal of Economic Education Pages: 227-242 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804504 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804504 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:227-242 Template-Type: ReDIF-Article 1.0 Author-Name: Lei Tang Author-X-Name-First: Lei Author-X-Name-Last: Tang Author-Name: Shanshan Li Author-X-Name-First: Shanshan Author-X-Name-Last: Li Author-Name: Emma Auden Author-X-Name-First: Emma Author-X-Name-Last: Auden Author-Name: Elizabeth Dhuey Author-X-Name-First: Elizabeth Author-X-Name-Last: Dhuey Title: Who benefits from regular class participation? Abstract: In this study, the authors investigated three questions: whether students’ outcomes were improved by grading participation more intensely; who benefits most from increased participation; and, whether students who would benefit from more intensive grading choose it when they are given the choice. An eight-month field experiment was used to elicit students’ preferences for and randomly assign them to different grading intensities. The authors found that grading students on weekly participation is more effective than biweekly and that students who prefer not to be graded weekly, with lower GPAs and lower self-control scores, benefit most from the weekly participation grading intervention. When students were given a choice, however, those who would benefit the most were no more likely to choose weekly grading than were others. Journal: The Journal of Economic Education Pages: 243-256 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804502 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804502 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:243-256 Template-Type: ReDIF-Article 1.0 Author-Name: Priscilla Cooke St. Clair Author-X-Name-First: Priscilla Cooke Author-X-Name-Last: St. Clair Author-Name: Lynn Hunnicutt Author-X-Name-First: Lynn Author-X-Name-Last: Hunnicutt Author-Name: Karen Travis Author-X-Name-First: Karen Author-X-Name-Last: Travis Title: Assessing the impact of research capstone preparation in the economics curriculum Abstract: It is challenging for economics major programs to support an undergraduate research capstone where the goal is for all majors to complete a research project that creates new knowledge. Our program has found a way to achieve this for all of our majors in the face of resource constraints and varying student skill levels, and has done this without requiring econometrics or a research methods class or sacrificing quality. Our method includes having assignments that require students to use peer-reviewed economics journal articles in most upper-level economic elective courses. We describe our method and “capstone prep” assignment variants, and, using regression analysis on a data set of undergraduate economics majors from 2007 through 2018, find that particular assignments appear to significantly improve capstone outcomes. Journal: The Journal of Economic Education Pages: 257-270 Issue: 3-4 Volume: 51 Year: 2020 Month: 9 X-DOI: 10.1080/00220485.2020.1804506 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804506 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:257-270 Template-Type: ReDIF-Article 1.0 Author-Name: Aaron J. Staples Author-X-Name-First: Aaron J. Author-X-Name-Last: Staples Author-Name: Hillary M. Sackett-Taylor Author-X-Name-First: Hillary M. Author-X-Name-Last: Sackett-Taylor Author-Name: Jason Forgue Author-X-Name-First: Jason Author-X-Name-Last: Forgue Author-Name: Stephanie B. Brewer Author-X-Name-First: Stephanie B. Author-X-Name-Last: Brewer Author-Name: Supriya Sarnikar Author-X-Name-First: Supriya Author-X-Name-Last: Sarnikar Title: A mixed methods approach to uncover common error patterns in student reasoning of supply and demand Abstract: Students of introductory economics are often able to predict changes in equilibrium price correctly on standardized assessments, but make consistent errors in predicting changes in equilibrium quantity. To examine the reasons for this pattern, the authors collected open-ended explanations written by students and categorized their reasoning using a rigorous multi-step qualitative method. Integrating the qualitative analysis with quantitative data, they find that students exhibit remarkable consistency in their reasoning errors. Common multiple choice assessments tend to reward some types of reasoning errors and thereby make it harder for students to acquire the correct reasoning method. The authors demonstrate that, with thoughtful consideration to avoid excessive subjectivity, a qualitative study can deepen our contextual understanding of the primarily quantitative assessment metrics utilized in economics education research. Journal: The Journal of Economic Education Pages: 271-286 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804500 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804500 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:271-286 Template-Type: ReDIF-Article 1.0 Author-Name: John T. Dalton Author-X-Name-First: John T. Author-X-Name-Last: Dalton Author-Name: Andrew J. Logan Author-X-Name-First: Andrew J. Author-X-Name-Last: Logan Title: Using the movie Joy to teach innovation and entrepreneurship Abstract: Film and video clips have been used in the classroom to bring economic concepts to life. The authors use the 2015 film Joy to animate Joseph Schumpeter’s The Theory of Economic Development, a foundational text on the theory of innovation and entrepreneurship that remains relevant for students today. They outline Schumpeter’s theory of innovation and entrepreneurship and connect it to various scenes in Joy that illustrate the key points Schumpeter seeks to make. Beyond its value as a teaching tool for making sense of Schumpeter's often dense prose, the authors argue that teaching Joy also can have a positive effect for undergraduate women in economics through its strong female protagonist. Journal: The Journal of Economic Education Pages: 287-296 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804507 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804507 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:287-296 Template-Type: ReDIF-Article 1.0 Author-Name: Andre R. Neveu Author-X-Name-First: Andre R. Author-X-Name-Last: Neveu Title: Reimagining the introductory material in teaching money creation and monetary policy Abstract: The money creation and monetary policy chapters in the leading introductory textbooks commonly present an outdated and misleading approach that is now largely irrelevant. A preferable model would help students understand that money and monetary policy are about bank and household motives, the importance of capital, and the role of credit. An updated approach would move beyond the current orthodoxy, which assumes both that the mechanical base-multiplier explains monetary policy and the quantity theory explains inflation. Monetary policy has evolved dramatically in the last 40 years. Therefore, textbook authors and teachers of introductory macroeconomics might consider some of these suggestions to help explain recent events. Journal: The Journal of Economic Education Pages: 297-316 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804505 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804505 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:297-316 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Batt Author-X-Name-First: Steven Author-X-Name-Last: Batt Author-Name: Tara Grealis Author-X-Name-First: Tara Author-X-Name-Last: Grealis Author-Name: Oskar Harmon Author-X-Name-First: Oskar Author-X-Name-Last: Harmon Author-Name: Paul Tomolonis Author-X-Name-First: Paul Author-X-Name-Last: Tomolonis Title: Learning Tableau: A data visualization tool Abstract: “Doing economics” is an important theme of undergraduate economics programs. Capstone courses increasingly include instruction in “data literacy” and the STEM-related skills of quantitative and empirical methods. Because the professional discipline has moved in this direction and because of greater employer demand for these skills, data visualization is a key component of data literacy. Tableau is a free data visualization software widely used in the data analytics industry. In this article, the authors introduce an exercise that teaches the fundamental Tableau concepts and commands needed to create charts, assemble them in a dashboard, and tell a story of patterns observed in the data. The exercise assumes no prior experience in Tableau and is appropriate for undergraduate upper-level economics courses or an empirical methods course. Journal: The Journal of Economic Education Pages: 317-328 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804503 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804503 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:317-328 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: “Tackling the federal debt problem fairly”: Context for the introductory class Journal: The Journal of Economic Education Pages: 329-331 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804509 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804509 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:329-331 Template-Type: ReDIF-Article 1.0 Author-Name: William G. Gale Author-X-Name-First: William G. Author-X-Name-Last: Gale Title: Tackling the federal debt problem fairly Abstract: Rising federal debt threatens to reduce the growth of the economy, people’s living standards, wages, and the standard of living. A policy solution needs to respect many constraints, most importantly, that it is seen as fair—both within generations and across generations. This article addresses concepts of fairness and their application to resolutions of the federal debt problem. The major conclusions are that policymakers should push only limited amounts of debt to future generations and that they should use the need to reform fiscal policy as a way to expand government investments in a wide range of programs—ranging from early childhood to higher education, from infrastructure to basic research. The resolution of these issues will also require progressive tax reforms. Journal: The Journal of Economic Education Pages: 332-358 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804508 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804508 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:332-358 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 2001–2019 Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2010 (2009–2010) through 2013, increased rapidly (almost 14 percent) over the 2 years from 2013 through 2015, but have subsequently leveled off from 2016 through 2019. Journal: The Journal of Economic Education Pages: 359-363 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804510 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804510 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:359-363 Template-Type: ReDIF-Article 1.0 Author-Name: Amanda Bayer Author-X-Name-First: Amanda Author-X-Name-Last: Bayer Author-Name: Gregory Bruich Author-X-Name-First: Gregory Author-X-Name-Last: Bruich Author-Name: Raj Chetty Author-X-Name-First: Raj Author-X-Name-Last: Chetty Author-Name: Andrew Housiaux Author-X-Name-First: Andrew Author-X-Name-Last: Housiaux Title: Expanding and diversifying the pool of undergraduates who study economics: Insights from a new introductory course at Harvard Abstract: Economics does not attract as broad or diverse a pool of talent as it could. For example, women comprise less than one-third of economics bachelor’s degree recipients, significantly lower than in math or statistics. The authors present a case study of a new introductory economics course that enrolled 400 students, achieved nearly 50–50 gender balance, and was among the highest-rated courses at Harvard. They summarize the course’s content and pedagogy, illustrate how this approach differs from traditional courses, and identify elements of the approach that appear to underlie its success: personal connection, real-world exposure, scientific inquiry, career value, and social relevance. They conclude by discussing how these ideas for improving economics instruction could be applied in other courses and tested empirically in future research. Journal: The Journal of Economic Education Pages: 364-379 Issue: 3-4 Volume: 51 Year: 2020 Month: 9 X-DOI: 10.1080/00220485.2020.1804511 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804511 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:364-379 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian J. Wooten Author-X-Name-First: Jadrian J. Author-X-Name-Last: Wooten Author-Name: Charity-Joy Acchiardo Author-X-Name-First: Charity-Joy Author-X-Name-Last: Acchiardo Author-Name: G. Dirk Mateer Author-X-Name-First: G. Dirk Author-X-Name-Last: Mateer Title: Economics is a Kahoot! Journal: The Journal of Economic Education Pages: 380-380 Issue: 3-4 Volume: 51 Year: 2020 Month: 8 X-DOI: 10.1080/00220485.2020.1804499 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1804499 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:380-380 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Editorial statistics Journal: The Journal of Economic Education Pages: 381-381 Issue: 3-4 Volume: 51 Year: 2020 Month: 9 X-DOI: 10.1080/00220485.2020.1808773 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1808773 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:51:y:2020:i:3-4:p:381-381 Template-Type: ReDIF-Article 1.0 Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Author-Name: Martin E. Meder Author-X-Name-First: Martin E. Author-X-Name-Last: Meder Title: A meta-analysis of technology: Interventions in collegiate economics classes Abstract: Technological interventions have been sold as improving student understanding of economics for decades. Yet despite the panoply of ways to incorporate technology, it is not clear which types of interventions consistently result in statistically significant improvements in learning outcomes. Of 145 papers devoted to the technology in collegiate economics courses, less than one third quantitatively assess the impact of technology on student learning outcomes. Of the regressions reported, 60 percent find a positive relationship between a technology intervention and a student-learning outcome; in only 42 percent is the relationship statistically significant. Meta-analysis indicates (a) no technology intervention routinely produces estimates of improved learning outcomes across studies, despite evidence of (b) publication bias that favors papers with statistically significant results. Journal: The Journal of Economic Education Pages: 1-16 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845261 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845261 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen L. Chew Author-X-Name-First: Stephen L. Author-X-Name-Last: Chew Author-Name: William J. Cerbin Author-X-Name-First: William J. Author-X-Name-Last: Cerbin Title: The cognitive challenges of effective teaching Abstract: The authors describe a research-based conceptual framework of how students learn that can guide the design, implementation, and troubleshooting of teaching practice. The framework consists of nine interacting cognitive challenges that teachers need to address to enhance student learning. These challenges include student mental mindset, metacognition and self-regulation, student fear and mistrust, prior knowledge, misconceptions, ineffective learning strategies, transfer of learning, constraints of selective attention, and the constraints of mental effort and working memory. The challenges are described with recommendations on how to address each one. What is effective for one situation may not be effective in others, and no single teaching method will always be optimal for all teachers, students, topics, and educational contexts. The teacher’s task is to manage this complex interaction successfully. Journal: The Journal of Economic Education Pages: 17-40 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845266 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845266 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:17-40 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: How can economists use the cognitive challenges framework to enhance economic education? Abstract: Chew and Cerbin (2021) outline nine cognitive challenges to student learning with which economic educators are likely familiar, even if the language used to describe them differs. In this article, the authors refrain from summarizing Chew and Cerbin’s framework and instead focus on providing context for how those conducting research and developing pedagogy in economics might incorporate these challenges into their work. In addition, they provide some thoughts on what these challenges mean for two important related issues: improving diversity and inclusion in the economics profession and the training of teachers in economics. Journal: The Journal of Economic Education Pages: 41-52 Issue: 1 Volume: 52 Year: 2020 Month: 12 X-DOI: 10.1080/00220485.2020.1845267 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845267 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2020:i:1:p:41-52 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Title: Does graduate economics education address the cognitive challenges of effective teaching? Abstract: What do we know about how well graduate teaching in economics addresses cognitive challenges to learning? In short, very little. There is a dearth of research that investigates how graduate student, program and professor characteristics, and choices impact graduate student learning and other outcomes. Some of the broader literature on graduate education in economics includes findings that can be linked to Chew and Cerbin’s cognitive challenges to provide suggestive evidence, but many open research questions remain. Research is needed to understand whether improvements like clear communication, clear requirements and expectations, better advising, and adopting a learning-driven approach to graduate courses would mitigate cognitive challenges to learning and improve graduate education in economics. Journal: The Journal of Economic Education Pages: 53-63 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845262 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845262 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:53-63 Template-Type: ReDIF-Article 1.0 Author-Name: William Bosshardt Author-X-Name-First: William Author-X-Name-Last: Bosshardt Title: Designing and communicating new pedagogy ideas in economics Abstract: “The Cognitive Challenges of Effective Teaching,” by Chew and Cerbin (2021) outlines a framework of nine cognitive challenges to student learning. The framework can help economic educators better design and describe new ideas for teaching in economics. In this article, the author highlights and expands upon ideas that are particularly useful in this regard. Journal: The Journal of Economic Education Pages: 64-72 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845263 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845263 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:64-72 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: Roisin O’Sullivan Author-X-Name-First: Roisin Author-X-Name-Last: O’Sullivan Title: The cognitive challenges of effective teaching and contribution opportunities to the Features and Information section of the Journal of Economic Education Abstract: Learning-focused teaching must take into account students’ cognitive processes. Chew and Cerbin (2021) offer a conceptual framework based on nine interacting cognitive challenges faced by students to guide instructors toward teaching practices that provide the best opportunities for students to learn. The goal of this guideline article is to identify fruitful areas for writing and analysis that stem from the work of Chew and Cerbin and are suitable for the Features and Information section of the Journal of Economic Education. We consider these fertile areas by identifying the intersection of nine cognitive challenges and the five main categories of articles appropriate for the F&I section. Journal: The Journal of Economic Education Pages: 73-81 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845265 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845265 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:73-81 Template-Type: ReDIF-Article 1.0 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Title: Online implementation of portions of “the cognitive challenges of effective teaching” Abstract: Chew and Cerbin (2021) offer a fruitful way of thinking deeply about teaching economics. In this article, the author offers several ideas on how to offload parts of three of the cognitive challenges they identify to an online module that any instructor could assign to their students. Ideally, this module would be described in an economics education publication. Journal: The Journal of Economic Education Pages: 82-88 Issue: 1 Volume: 52 Year: 2021 Month: 1 X-DOI: 10.1080/00220485.2020.1845264 File-URL: http://hdl.handle.net/10.1080/00220485.2020.1845264 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:1:p:82-88 Template-Type: ReDIF-Article 1.0 Author-Name: Julien Picault Author-X-Name-First: Julien Author-X-Name-Last: Picault Title: Don’t just read the news, write the news! — A course about writing economics for the media Abstract: The author of this article describes an upper-level economics course where students learn to write economic news articles, which improves communication and audience-targeting skills. The course was created in partnership with a media outlet and designed around authentic assessments to provide students with a genuine experience based on academic and journalistic standards. The interactive nature of the course allows students to benefit from workshops, one-on-one discussions, and peer-learning. Articles target a general audience and must convincingly address a piece of economic news. Students must apply the theoretical knowledge accumulated in preceding economics courses to analyze and explain real-world situations. If students can meet the media partner’s standards, they are offered the opportunity to publish their articles. Journal: The Journal of Economic Education Pages: 114-127 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887030 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887030 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:114-127 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew McKenzie Author-X-Name-First: Andrew Author-X-Name-Last: McKenzie Author-Name: Billy Ellis Author-X-Name-First: Billy Author-X-Name-Last: Ellis Author-Name: James Smartt Author-X-Name-First: James Author-X-Name-Last: Smartt Author-Name: Wei Yang Author-X-Name-First: Wei Author-X-Name-Last: Yang Title: Options strategies Journal: The Journal of Economic Education Pages: 173-173 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887028 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887028 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:173-173 Template-Type: ReDIF-Article 1.0 Author-Name: Julia Paxton Author-X-Name-First: Julia Author-X-Name-Last: Paxton Title: Learning by Giving in an introductory economics of altruism course Abstract: Supported by the Learning by Giving Foundation or other philanthropic sources, many college courses are allowing students to give away charitable grants to nonprofit organizations. In this article, the author shares the experience of a Learning by Giving Economics of Altruism class taught at an introductory level. The class is taught using best practices from service-learning, and its course design, curricular content, challenges, and outcomes are discussed. The class provides the unique opportunity to teach microeconomic principles to a diverse population of students while making a positive impact on the community. Data show that student learning and overall experience with the service-learning exceed their initial expectations.Increasingly, universities are offering classes that allow students to give away real philanthropic dollars. Classes incorporating philanthropic grant-giving are found in a number of disciplines ranging from public policy and business to social work and philosophy. Just like their counterpart courses in economics and finance that enable students to invest real money to maximize profit, these classes focus on effective investments that maximize social impact. An introductory course on the Economics of Altruism lends itself to this approach because the process of giving away money brings up many economic concepts, including utility maximization, allocation of resources, behavioral economics, social welfare, game theory, and measures of effective philanthropy. These topics appeal to today’s Generation Z (post-Millennial) college students who are characterized by a community-centered, social-change mindset (Grace and Seemiller 2016; Uche 2018). In the course, students actively engage with community organizations as they consider how to allocate a $10,000 grant from the Learning by Giving Foundation. While such a course can easily be targeted to higher-level students, the following details how the Learning by Giving model has been incorporated into an introductory course on the Economics of Altruism. I offer a practical discussion of the course design, challenges, and outcomes of the course based on five years of experience. The class relies heavily on best practices in service-learning in order to impact learning outcomes. Journal: The Journal of Economic Education Pages: 128-140 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887026 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887026 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:128-140 Template-Type: ReDIF-Article 1.0 Author-Name: Julien Picault Author-X-Name-First: Julien Author-X-Name-Last: Picault Title: Looking for innovative pedagogy? An online economics instructor’s toolbox Journal: The Journal of Economic Education Pages: 174-174 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887024 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887024 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:174-174 Template-Type: ReDIF-Article 1.0 Author-Name: Evgeniya Duzhak Author-X-Name-First: Evgeniya Author-X-Name-Last: Duzhak Author-Name: K. Jody Hoff Author-X-Name-First: K. Jody Author-X-Name-Last: Hoff Author-Name: Jane S. Lopus Author-X-Name-First: Jane S. Author-X-Name-Last: Lopus Title: Chair the Fed: Insights from game usage data Abstract: Chair the Fed is an award-winning online educational game developed by the Federal Reserve Bank of San Francisco to help players learn about monetary policy. Players assume the role of Fed Chair and adjust the federal funds rate to try to achieve low inflation and low unemployment. If successful, they are reappointed to another term. By investigating anonymous user data from a three-month period in 2019, we find that about 20 percent of games completed result in reappointment. Chances of reappointment improve with game experience; however, players exhibit more skill in addressing some situations than others. Given the widespread interest in the game, reflected by over 80,000 games initiated per month, the implications of the game for improving economic literacy are important. Journal: The Journal of Economic Education Pages: 89-101 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887025 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887025 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:89-101 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Title: Learning by Giving applied in an upper-level course on the Economics of Altruism, Philanthropy, and Nonprofit Organizations Abstract: The author of this article describes a form of service learning called “learning by giving,” as applied in a course on the Economics of Altruism, Philanthropy and Nonprofit Organizations. The motivation for employing such a model is described, and a detailed description of the course and how to use the Learning by Giving model in a semester-long project is offered. Along with identifying important logistical considerations for successful implementation, the author includes insights on the broader implications of this type of service learning applied to economic instruction, considering the value to the student, instructor, nonprofit partner, and the profession. Journal: The Journal of Economic Education Pages: 141-155 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887031 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:141-155 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph C. Morreale Author-X-Name-First: Joseph C. Author-X-Name-Last: Morreale Author-Name: Anna Shostya Author-X-Name-First: Anna Author-X-Name-Last: Shostya Title: Teaching an economics capstone course with a policy focus Abstract: This article’s authors offer an organizational framework for an economics capstone course focused on analyzing current public economic policy issues. In this course, thesis topics often include public issues such as city planning, health care, transportation, education, law, the environment, and monetary and fiscal policies. The authors provide practical guidance on the development and organization of such a policy course, discuss course assignments and assessment tools, and offer advice on how to deal with potential challenges. They argue that a properly designed policy-oriented capstone course is well-suited for facilitating students’ achievement of most of the highest Hansen’s proficiencies in economics. It also may help students to gain a head start in a career in the related fields of public policy and public administration. Journal: The Journal of Economic Education Pages: 102-113 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887029 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887029 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:102-113 Template-Type: ReDIF-Article 1.0 Author-Name: Jose M. Fernandez Author-X-Name-First: Jose M. Author-X-Name-Last: Fernandez Author-Name: Erin A. Yetter Author-X-Name-First: Erin A. Author-X-Name-Last: Yetter Author-Name: Kim Holder Author-X-Name-First: Kim Author-X-Name-Last: Holder Title: What do economic education scholars study? Insights from machine learning Abstract: The authors of this article use text mining techniques to uncover hidden or latent topics in economic education. The common use of JEL codes only identifies the academic setting for each paper but does not identify the underlying economic concept the paper addresses. An unsupervised machine learning algorithm called Latent Dirichlet Allocation is utilized to identify 15 hidden topics in economic education scholarly work. The text mining model identifies economic education topics by finding correlations in word usage across different documents. The authors show that these newly identified research topics explain more variation in citation counts than the commonly adopted JEL codes. Moreover, specific journals display preferences for certain topics within economic education research. Journal: The Journal of Economic Education Pages: 156-172 Issue: 2 Volume: 52 Year: 2021 Month: 3 X-DOI: 10.1080/00220485.2021.1887027 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1887027 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:2:p:156-172 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Green Author-X-Name-First: Alan Author-X-Name-Last: Green Title: TBL Fridays: Using team-based learning to engage in policy debates in an introductory class Abstract: Team-based Learning (TBL) has sound conceptual and empirical backing and is seeing growing partial and full adoption in economics. However, perceived implementation costs and risk remain high for many instructors wary of fully implementing TBL. Additionally, common economics problems are often ill-suited for TBL application exercise criteria. The author of this article describes partial implementation (one day per week) of TBL in an introductory class. Application exercises are built around policy questions that align with TBL question criteria while still working effectively in the economics classroom. The partial implementation and readily available resources offer instructors a low-cost way to experiment with TBL. Journal: The Journal of Economic Education Pages: 257-263 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925186 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925186 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:257-263 Template-Type: ReDIF-Article 1.0 Author-Name: Sahan T. M. Dissanayake Author-X-Name-First: Sahan T. M. Author-X-Name-Last: Dissanayake Author-Name: Sarah A. Jacobson Author-X-Name-First: Sarah A. Author-X-Name-Last: Jacobson Title: Money growing on trees: A classroom game about payments for ecosystem services and tropical deforestation Abstract: Payments for ecosystem services (PES) programs use an incentive-based approach to pursue environmental goals. While they are common policy tools, key concepts determining their efficacy are nuanced and hard to grasp. This article presents a new interactive game that explores the functioning and implications of PES programs. Participants play the role of rural households in a developing country, deciding individually or as groups whether to enter into contracts to refrain from reducing local forests in exchange for payment from a forest-based PES initiative. The game explores topics that include PES programs, climate change, tropical deforestation, cost-effectiveness, additionality, illegal harvest and enforcement, and community resource management. Customizable materials, a detailed reading list, and discussion prompts are provided. Journal: The Journal of Economic Education Pages: 192-217 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925183 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925183 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:192-217 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 2001–2020 Abstract: Undergraduate economics degrees awarded by U.S. colleges and universities were stagnant from 2010 (2009–10) through 2013, increased almost 14 percent from 2013 through 2015, and have subsequently stabilized at just above one percent annual growth. Journal: The Journal of Economic Education Pages: 264-267 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925191 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925191 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:264-267 Template-Type: ReDIF-Article 1.0 Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Author-Name: Mark H. Maier Author-X-Name-First: Mark H. Author-X-Name-Last: Maier Author-Name: Phil Ruder Author-X-Name-First: Phil Author-X-Name-Last: Ruder Title: Team-based learning (TBL): Putting learning sciences research to work in the economics classroom Abstract: In this article, the authors describe how Team-Based Learning (TBL) intentionally promotes learning strategies that learning sciences research has identified as highly effective to create powerful learning environments for students. The article illustrates how learning sciences principles and research findings inform and support the TBL framework, focusing on six evidence-based learning science strategies: (1) effortful retrieval practice; (2) spaced/distributed retrieval practice; (3) self-elaboration; (4) use of activities employing concrete examples; (5) appropriate sequencing of direct instruction and student exploration; and, (6) repeated use of highly-structured group-based activities throughout a course. The systematic and intentional integration of these strategies in TBL classes creates the potential for powerful learning relative to courses that fail to intentionally take into account learning sciences research in their design and pedagogy. Journal: The Journal of Economic Education Pages: 231-240 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925188 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925188 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:231-240 Template-Type: ReDIF-Article 1.0 Author-Name: Marcelo Clerici-Arias Author-X-Name-First: Marcelo Author-X-Name-Last: Clerici-Arias Title: Transitioning to a team-based learning principles course Abstract: Team-based learning is a powerful collaborative learning technique that can be used effectively in a principles of economics course, although its implementation can be costly for instructors and students alike. The author suggests a series of strategies that can result in a much smoother transition to a fully collaborative classroom. The author also highlights some unexpected benefits of team-based learning. Journal: The Journal of Economic Education Pages: 249-256 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925184 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925184 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:249-256 Template-Type: ReDIF-Article 1.0 Author-Name: Ann L. Owen Author-X-Name-First: Ann L. Author-X-Name-Last: Owen Author-Name: Paul Hagstrom Author-X-Name-First: Paul Author-X-Name-Last: Hagstrom Title: Broadening perceptions of economics in a new introductory economics sequence Abstract: The article’s authors report on a comprehensive curricular reform aimed at communicating the broad range of social issues that economists study while engaging students in active learning strategies. The reform increased interest in taking additional economics courses and majoring in economics, broadened students’ views of what economists do, and imparted more content to students. Female students earn higher grades under the revised curriculum, but no differential impact on interest in majoring in economics for female students, students of color, or first generation college students is found. Engaging students with empirical work on important social issues appeals to all students, resulting in more majors from both under- and overrepresented groups, but generates little impact on the percentage of students majoring in economics from underrepresented groups. Journal: The Journal of Economic Education Pages: 175-191 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925189 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925189 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:175-191 Template-Type: ReDIF-Article 1.0 Author-Name: Phil Ruder Author-X-Name-First: Phil Author-X-Name-Last: Ruder Author-Name: Mark H. Maier Author-X-Name-First: Mark H. Author-X-Name-Last: Maier Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Title: Getting started with team-based learning (TBL): An introduction Abstract: Instructors of active-learning classes in economics face the challenges of motivating students to prepare before class and engaging fully in class activities. Team-based learning (TBL) pedagogy meets these challenges by (1) placing students in fixed, instructor-created teams that develop the ability to work productively together, (2) holding students accountable to the instructor and their teammates both for their efforts to prepare before class and for their ability to interact constructively with teammates, and (3) presenting learning activities in a highly-structured course format that provides students multiple opportunities to express their understanding and receive feedback from peers. The authors of this article describe how the elements of TBL courses work in concert to motivate student out-of-class preparation and in-class engagement to increase student learning of economics. Journal: The Journal of Economic Education Pages: 220-230 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925187 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925187 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:220-230 Template-Type: ReDIF-Article 1.0 Author-Name: Katherine Silz Carson Author-X-Name-First: Katherine Silz Author-X-Name-Last: Carson Author-Name: Hiuko Adams Author-X-Name-First: Hiuko Author-X-Name-Last: Adams Author-Name: Jimena Gonzalez-Ramirez Author-X-Name-First: Jimena Author-X-Name-Last: Gonzalez-Ramirez Author-Name: Craig Heinicke Author-X-Name-First: Craig Author-X-Name-Last: Heinicke Author-Name: James Michael Latham Author-X-Name-First: James Michael Author-X-Name-Last: Latham Author-Name: Mark Maier Author-X-Name-First: Mark Author-X-Name-Last: Maier Author-Name: C. Lucy Malakar Author-X-Name-First: C. Lucy Author-X-Name-Last: Malakar Author-Name: Phil Ruder Author-X-Name-First: Phil Author-X-Name-Last: Ruder Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Title: Challenges and lessons: Design and implementation of a multi-site evaluation of team-based learning Abstract: The authors of this article describe the design and implementation of a multi-site randomized controlled trial of team-based learning (TBL) application exercises (AE) in introductory economics courses that use TBL. For each of the four study modules that are common across sites, a site is assigned to either the treatment or control version of the module. This design enables the use of a fixed effects model to estimate the effect of treatment on student learning and control for student characteristics. The methodology demonstrates how to extract the benefits of multi-site randomized controlled designs using a minimum of resources. The authors also discuss the challenges and the lessons learned in this study. Journal: The Journal of Economic Education Pages: 241-248 Issue: 3 Volume: 52 Year: 2021 Month: 5 X-DOI: 10.1080/00220485.2021.1925185 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925185 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:241-248 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Team-based learning in economics: A symposium Journal: The Journal of Economic Education Pages: 218-219 Issue: 3 Volume: 52 Year: 2021 Month: 4 X-DOI: 10.1080/00220485.2021.1925190 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1925190 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:3:p:218-219 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas P. Andrews Author-X-Name-First: Thomas P. Author-X-Name-Last: Andrews Title: “Provide a complete, concise economic analysis of the following article…”: Using outside readings to train students to answer a single question Abstract: The author of this article discusses the extensive use and analysis of real-world situations as the core construct on which to build a course in principles of microeconomics. Building on the literature that focuses on current event readings, the goal here is to train students to be able to “do economics.” The author details course content and assignments based on outside readings. Major assignments require students to provide a complete, concise economic analysis of outside readings covering real-world events. Strategies for instruction as well as assessment are included. Journal: The Journal of Economic Education Pages: 316-325 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963367 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963367 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:316-325 Template-Type: ReDIF-Article 1.0 Author-Name: Emily A. Beam Author-X-Name-First: Emily A. Author-X-Name-Last: Beam Title: Leveraging outside readings and low-stakes writing assignments to promote student engagement in an economic development course Abstract: The author of this article describes an intermediate economics course structured around outside readings, which include academic journal papers, policy briefs, and news articles. Students complete low-stakes, high-frequency writing assignments that promote accountability and encourage critical thinking about the readings. This pairing of outside readings and writing assignments leads to increased student engagement, high rates of self-reported reading, and high satisfaction with the course without imposing an unreasonable grading workload on the instructor. This model may be especially useful to instructors in intermediate and advanced courses who seek to increase students’ exposure to recent developments in their field and strengthen their ability to engage critically with economic theory and ideas. Journal: The Journal of Economic Education Pages: 274-285 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963369 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:274-285 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Using readings beyond the textbook: A survey Abstract: Incorporating readings beyond the textbook is one way to broaden economic content across all courses. While previous studies document the extent to which narrowly defined categories (press readings, scholarly articles) are used, none to date provide details as to how such readings are incorporated. This study was intended to document use in greater detail than previously published and identify example uses that were innovative. Journal: The Journal of Economic Education Pages: 269-273 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963375 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963375 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:269-273 Template-Type: ReDIF-Article 1.0 Author-Name: Laurie A. Miller Author-X-Name-First: Laurie A. Author-X-Name-Last: Miller Title: Prepping for a proposal—Using journal articles in a labor economics course Abstract: The author of this article provides a framework for using readings outside of the textbook to increase engagement with topics in labor economics, to aid in the development of research skills, and prepare students to create a scholarly research proposal. The outside readings used in this course are academic journal articles. The students are assigned five articles to read, summarize, and discuss over the semester. Following a scaffolding approach, the repeated activity and feedback from the structured reflections and presentations will provide students a basis to generate a question they are interested in researching. Journal: The Journal of Economic Education Pages: 296-307 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963370 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963370 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:296-307 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca L. Moryl Author-X-Name-First: Rebecca L. Author-X-Name-Last: Moryl Title: Economics ripped from the headlines: The Economist ascourse text Abstract: The author of this article presents an innovative economics course based on current events and news, using The Economist as the primary course text. The course constructs shared learning around news in real time to inspire and excite students’ ability to see economics in their world. The course supports Allgood and Bayer’s competencies, including the application of the scientific process to economic phenomena, the ability to analyze and evaluate behavior and outcomes using economic concepts and models, critical thinking about economic methods and their applications, and communicating economic ideas in diverse collaborations. The author provides sample assignments that can be scaffolded by the instructor for implementation of this teaching strategy, as well as advice for replicating this course or adopting some of its techniques. Journal: The Journal of Economic Education Pages: 343-352 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963366 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963366 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:343-352 Template-Type: ReDIF-Article 1.0 Author-Name: Laura J. Ahlstrom Author-X-Name-First: Laura J. Author-X-Name-Last: Ahlstrom Title: Promoting economic literacy: Combining news articles and clicker questions in a large introductory microeconomics course Abstract: The author of this article presents a brief introduction to the use of current events news articles in an introductory microeconomics course for business students. Popular press articles are integrated with small-group peer instruction, and student understanding is assessed using student response system, or clicker, questions. Examples of lesson learning objectives are presented, along with a discussion of how news articles and clicker questions are combined to promote student interest and engagement. Sample clicker questions are also provided. Journal: The Journal of Economic Education Pages: 334-342 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963372 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963372 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:334-342 Template-Type: ReDIF-Article 1.0 Author-Name: Patricia Higino Schneider Author-X-Name-First: Patricia Higino Author-X-Name-Last: Schneider Title: Using outside readings to help students understand what economists do Abstract: How does one learn how to think like an economist without understanding what economists do? Using outside readings can be an effective and straightforward pedagogical tool to teach economic concepts and to expose students to the wide range of topics and methods economists use in their research. Improving students’ understanding of what economists do is particularly important for increasing diversity in the field. The author of this article describes a formal approach to incorporate news articles in an introductory microeconomics course with two basic goals: to help students learn economics by applying economic concepts to the world they live in and to increase diversity in economics by exposing students to a broader set of topics studied by economists that better reflect their interests. Journal: The Journal of Economic Education Pages: 363-371 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963376 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963376 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:363-371 Template-Type: ReDIF-Article 1.0 Author-Name: George Orlov Author-X-Name-First: George Author-X-Name-Last: Orlov Title: Teaching students to read journal articles critically Abstract: In this article, the author describes the use of primary literature readings in an upper-division undergraduate field course. One of the two main learning goals of the course was to teach students how to read academic articles in economics with a critical eye. This was accomplished by providing students with a structured framework for summarizing the main methods and results of each paper and feedback provided on short written reports and during in-class discussion activities. Based on his experiences in this course, the author offers observations and suggestions to instructors wishing to integrate non-textbook academic readings in their teaching. Journal: The Journal of Economic Education Pages: 308-315 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963368 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963368 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:308-315 Template-Type: ReDIF-Article 1.0 Author-Name: Phil Ruder Author-X-Name-First: Phil Author-X-Name-Last: Ruder Title: Laying the groundwork for in-class groupwork with readings beyond the textbook Abstract: The author of this article describes individual pre-class and group in-class assignments based on current news articles. Guided student pre-class readings of periodical articles can form the basis for engaging in-class group assignments. Many economics instructors seek to develop student skills at applying the concepts under study to analyze current events, but news articles can be difficult for novices because the economic content is often misconstrued by journalists and is presented along with many extraneous details. Assigning short-essay questions with the readings can help students identify the economic content while holding them accountable for the assignment. The complexity of event analysis based on news article readings makes these readings excellent material for engaging students in in-class group assignments that build on the individual student preparation. Journal: The Journal of Economic Education Pages: 326-333 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963371 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963371 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:326-333 Template-Type: ReDIF-Article 1.0 Author-Name: Suchandra Basu Author-X-Name-First: Suchandra Author-X-Name-Last: Basu Title: Teaching economics of climate change and sustainability as an introductory interdisciplinary elective using critical reading of supplementary sources Abstract: Critical thinking skills are widely considered to be important transferable skills gained from taking college-level economics courses that are also highly valued by employers. Yet, the literature on intentionally teaching critical thinking skills in undergraduate economics classes is still relatively sparse. The author of this article outlines an innovative approach to teaching critical thinking skills through class participation activities designed to promote critical reading of outside sources in an interdisciplinary climate economics course. The course goal is to equip students with the skills to articulate how economists contribute to the thinking on climate change and apply basic economics tools to explain and evaluate climate policy. Journal: The Journal of Economic Education Pages: 353-362 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963374 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963374 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:353-362 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Editorial statistics Journal: The Journal of Economic Education Pages: 373-373 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1978738 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1978738 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:373-373 Template-Type: ReDIF-Article 1.0 Author-Name: Anelí Bongers Author-X-Name-First: Anelí Author-X-Name-Last: Bongers Author-Name: Trinidad Gómez Author-X-Name-First: Trinidad Author-X-Name-Last: Gómez Author-Name: José L. Torres Author-X-Name-First: José L. Author-X-Name-Last: Torres Title: Dynamic macroeconomic models with Excel Journal: The Journal of Economic Education Pages: 372-372 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963365 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963365 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:372-372 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Button Author-X-Name-First: Patrick Author-X-Name-Last: Button Author-Name: LaPorchia A. Collins Author-X-Name-First: LaPorchia A. Author-X-Name-Last: Collins Author-Name: Augustine Denteh Author-X-Name-First: Augustine Author-X-Name-Last: Denteh Author-Name: Mónica García-Pérez Author-X-Name-First: Mónica Author-X-Name-Last: García-Pérez Author-Name: Ben Harrell Author-X-Name-First: Ben Author-X-Name-Last: Harrell Author-Name: Elliott Isaac Author-X-Name-First: Elliott Author-X-Name-Last: Isaac Author-Name: Engy Ziedan Author-X-Name-First: Engy Author-X-Name-Last: Ziedan Title: Teaching controversial and contemporary topics in economics using a jigsaw literature review activity Abstract: Most courses are taught almost exclusively using lecture and, despite gaps in textbook coverage of empirical economics, do not incorporate academic readings. The authors of this article present a “jigsaw literature review” cooperative learning activity to address these shortfalls. The jigsaw guides students through formulating a position by synthesizing key ideas from readings with diverse perspectives on a common topic. The authors provide detailed guidance on conducting the activity in upper-level economics courses, based on their experiences while teaching labor economics, public economics, urban economics, health economics, and econometrics. They argue that their activity provides a meaningful way to integrate recent research, policy topics, and diversity issues while promoting student-student interactions. Sample course materials and additional resources are provided for ease of implementation.Supplemental data for this article is available online at https://doi.org/10.1080/00220485.2021.1963373 Journal: The Journal of Economic Education Pages: 286-295 Issue: 4 Volume: 52 Year: 2021 Month: 10 X-DOI: 10.1080/00220485.2021.1963373 File-URL: http://hdl.handle.net/10.1080/00220485.2021.1963373 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:52:y:2021:i:4:p:286-295 Template-Type: ReDIF-Article 1.0 Author-Name: Melissa S. Kearney Author-X-Name-First: Melissa S. Author-X-Name-Last: Kearney Title: What does critical thinking mean in teaching economics? Journal: The Journal of Economic Education Pages: 85-87 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004283 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004283 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:85-87 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Humer Author-X-Name-First: Stefan Author-X-Name-Last: Humer Author-Name: Matthias Schnetzer Author-X-Name-First: Matthias Author-X-Name-Last: Schnetzer Title: Wikipedagogy: Enhancing student motivation and collaboration in an economics class with Wikipedia Abstract: Wikipedia is not only a source of knowledge and a medium for communicating research but also opens new avenues for teaching in academia. In this article, the authors provide theoretical considerations and practical guidance for setting up a postgraduate economics course where students disseminate research on income inequality in Europe to a greater audience on Wikipedia. Publishing in the well-known and widely-used online encyclopedia has been shown to have a lasting impact on student motivation. Moreover, the authors assess the benefits of reciprocal feedback options and collaborative editing, and also the costs that accompany Wikipedia. Journal: The Journal of Economic Education Pages: 43-51 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004273 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004273 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:43-51 Template-Type: ReDIF-Article 1.0 Author-Name: Betsey Stevenson Author-X-Name-First: Betsey Author-X-Name-Last: Stevenson Title: Sparking Student Curiosity Journal: The Journal of Economic Education Pages: 95-99 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2022.2004755 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2004755 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:95-99 Template-Type: ReDIF-Article 1.0 Author-Name: N. Gregory Mankiw Author-X-Name-First: N. Gregory Author-X-Name-Last: Mankiw Title: The instructor as ambassador Journal: The Journal of Economic Education Pages: 88-90 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004279 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:88-90 Template-Type: ReDIF-Article 1.0 Author-Name: Melissa H. Mahoney Author-X-Name-First: Melissa H. Author-X-Name-Last: Mahoney Author-Name: Leah G. Mathews Author-X-Name-First: Leah G. Author-X-Name-Last: Mathews Author-Name: Audrey E. Thomas Author-X-Name-First: Audrey E. Author-X-Name-Last: Thomas Title: Springsteen-omics: contemplative pedagogy and Springsteen in undergraduate economics courses Abstract: The authors of this article describe a unique approach to economics education in which contemplative deep listening practices were applied to Bruce Springsteen’s music in order to introduce basic economic concepts to incoming university students. The course Springsteen-omics: Economics through the Songs of Bruce Springsteen shifted the mechanisms by which college students interacted with introductory economic themes, providing them with a positive perception of economics and deepening the way they think about the economy. Using a qualitative analysis of responses to several learning reflection exercises, the authors also explore the impact of this pedagogy on student learning. Their findings indicate that students gained an appreciation for Springsteen’s music and deepened their ability to identify and describe the lyrical intent and economic themes in his songs. Journal: The Journal of Economic Education Pages: 52-68 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004274 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004274 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:52-68 Template-Type: ReDIF-Article 1.0 Author-Name: Molly Espey Author-X-Name-First: Molly Author-X-Name-Last: Espey Title: Gender and peer evaluations Abstract: Peer evaluations for nearly 1,650 students in three different team-based learning economics courses are analyzed for evidence of gender differences in ratings given and received. The analysis controls for general academic skills and economics-specific skills as well as other individual and team characteristics. Females earn higher evaluations than males in introductory and intermediate-level microeconomic theory courses even when conditioning on achievement, but there is no statistically significant difference in a more advanced course. Finally, there is little evidence of gender bias in evaluations given; both males and females rate female teammates higher than male teammates. Journal: The Journal of Economic Education Pages: 1-10 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004277 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:1-10 Template-Type: ReDIF-Article 1.0 Author-Name: Nathaniel P. S. Cook Author-X-Name-First: Nathaniel P. S. Author-X-Name-Last: Cook Author-Name: Angie Pantuosco Author-X-Name-First: Angie Author-X-Name-Last: Pantuosco Title: International trade with heterogeneous firms: An interactive classroom simulation Abstract: In this article, the authors describe an interactive classroom simulation that helps students learn some of the most important ideas from models of international trade with heterogeneous firms. Students make entry/exit decisions for individual firms with different marginal costs of production. The simulation consists of five rounds, beginning with autarky and progressively liberalizing trade. In each round, students interactively determine each firm’s equilibrium entry/exit decision by responding in real time to how their individual firm’s profit is affected by the decisions of all of the other firms. Empirical evidence from a pre–post assessment of students who participated in the simulation in the fall of 2019 demonstrates a significant increase in student understanding of international trade with heterogeneous firms after participating in the simulation. Journal: The Journal of Economic Education Pages: 31-42 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004275 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004275 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:31-42 Template-Type: ReDIF-Article 1.0 Author-Name: Gabriella Cagliesi Author-X-Name-First: Gabriella Author-X-Name-Last: Cagliesi Author-Name: Mahkameh Ghanei Author-X-Name-First: Mahkameh Author-X-Name-Last: Ghanei Title: Team-based learning in economics: Promoting group collaboration, diversity and inclusion Abstract: Millennial students, shaped by the rapid change in technology and connectivity, pose a challenge in devising new teaching and learning pedagogies. The team-based learning (TBL) approach has been used in several disciplines and is indicated as an effective way to use active learning techniques to help students improve their academic performance. The authors applied the TBL pedagogy to deliver the second term of a final-year core module of an economics undergraduate degree. The TBL intervention aimed to enrich students’ experience in learning, contextualizing, and applying economics to different issues and policies. The empirical analysis suggests that the authors achieved their aims. Their findings indicate that TBL improved students’ academic performance, reduced several achievement gaps, and enriched the students’ learning experience, making it more enjoyable. Journal: The Journal of Economic Education Pages: 11-30 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004276 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004276 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:11-30 Template-Type: ReDIF-Article 1.0 Author-Name: John A. List Author-X-Name-First: John A. Author-X-Name-Last: List Title: Enhancing critical thinking skill formation: Getting fast thinkers to slow down Journal: The Journal of Economic Education Pages: 100-108 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004282 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004282 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:100-108 Template-Type: ReDIF-Article 1.0 Author-Name: John Siegfried Author-X-Name-First: John Author-X-Name-Last: Siegfried Author-Name: David Colander Author-X-Name-First: David Author-X-Name-Last: Colander Title: What does critical thinking mean in teaching economics?: The big and the little of it Abstract: 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, arguing that both are necessary. Teaching little-think critical thought involves teaching the tools, models, and methods that economists use in understanding some aspect of economics, while teaching big-think critical thought involves teaching textbook economic models’ applicability to the real world and how value judgments are integrated with scientific evidence to reach supportable policy positions. The authors argue that, while there is no one right way to teach principles, instructors should consider the tradeoffs and include both dimensions of critical thinking in their courses. Journal: The Journal of Economic Education Pages: 71-84 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004278 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004278 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:71-84 Template-Type: ReDIF-Article 1.0 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Title: Critical thinking and economic instruction: One approach and six points of view Journal: The Journal of Economic Education Pages: 69-70 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004281 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004281 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:69-70 Template-Type: ReDIF-Article 1.0 Author-Name: Deirdre Nansen McCloskey Author-X-Name-First: Deirdre Nansen Author-X-Name-Last: McCloskey Title: Critical thinking on the Samuelsonian Gospel according to John and David Journal: The Journal of Economic Education Pages: 91-94 Issue: 1 Volume: 53 Year: 2022 Month: 1 X-DOI: 10.1080/00220485.2021.2004280 File-URL: http://hdl.handle.net/10.1080/00220485.2021.2004280 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:1:p:91-94 Template-Type: ReDIF-Article 1.0 Author-Name: Allen C. Goodman Author-X-Name-First: Allen C. Author-X-Name-Last: Goodman Title: Lessons from the fields Abstract: A set of four articles prepared for the session “Lessons from the Fields” at the 2021 ASSA meetings, organized through the AEA Committee on Economic Education, is introduced in this article. The authors emphasize the potentials of their field-specific teaching methods to those in all economics fields. In addition to the general request to write about teaching in their fields, the scholars were asked to address how they treated diversity and inclusion in their courses and programs. Journal: The Journal of Economic Education Pages: 141-142 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038326 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038326 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:141-142 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel F. Stone Author-X-Name-First: Daniel F. Author-X-Name-Last: Stone Title: An undergraduate economics course on belief formation and influence Abstract: The author of this article describes a game-theory-based economics class on how people should, and do, form beliefs, communicate, and make decisions under uncertainty. Topics include Bayesian and non-Bayesian belief updating, the value of information, communication games, advertising, political media, and social learning. The only prerequisite is introductory microeconomics. The course also seeks to convey both the value of thinking in probabilities and awareness of mechanisms of strategic influence in students’ everyday lives. Journal: The Journal of Economic Education Pages: 181-187 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038330 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:181-187 Template-Type: ReDIF-Article 1.0 Author-Name: Michael A. Leeds Author-X-Name-First: Michael A. Author-X-Name-Last: Leeds Title: Teaching the economics of sports Abstract: A course on the economics of sports provides a unique opportunity to the economics department but confronts the instructor with unique challenges. Students in such a class are likely to be more heterogeneous and more likely to enter the class with inappropriate expectations than is the case for a typical upper-level economics elective. The author of this article discusses the problems an instructor in an economics of sports course will encounter and how s/he might overcome them. Particular emphasis is placed on the use of technology in the classroom and on how an economics of sports class might enable the instructor to raise issues of inclusion/exclusion in a nonthreatening manner. A course on the economics of sports provides a unique opportunity to economics departments. Because of the outsized interest of the American public in sports, an undergraduate course in the economics of sports can be a magnet that attracts students who otherwise might shy away from an upper-level economics course. It is far more likely to attract non-majors than our traditional offerings in labor economics or monetary theory. Journal: The Journal of Economic Education Pages: 150-158 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038324 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038324 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:150-158 Template-Type: ReDIF-Article 1.0 Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Title: Introduction to symposium on teaching innovative classes in economics Journal: The Journal of Economic Education Pages: 174-175 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038332 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038332 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:174-175 Template-Type: ReDIF-Article 1.0 Author-Name: Jadrian Wooten Author-X-Name-First: Jadrian Author-X-Name-Last: Wooten Author-Name: Brian Lynch Author-X-Name-First: Brian Author-X-Name-Last: Lynch Title: Teaching with Superstore Journal: The Journal of Economic Education Pages: 196-196 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038323 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038323 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:196-196 Template-Type: ReDIF-Article 1.0 Author-Name: Christine Piette Durrance Author-X-Name-First: Christine Piette Author-X-Name-Last: Durrance Title: Teaching public policy analysis: Lessons from the field Abstract: Understanding how to make the world a better place requires interdisciplinary knowledge. Public policy analysis helps policymakers arrive at informed policy decisions. The policy analysis process involves public problem definition and data collection, stakeholder identification, a rationale for government involvement, evaluation criteria, identification and analysis of policy alternatives, and a recommendation. Economics informs not only the identification of market failures but also how we think about public problems, evaluate relevant research, identify policy alternatives, weigh objective criteria (costs, benefits, equity), and select optimal solutions. Students of policy analysis gain experience through in-class examples of contemporary topics and an iterative policy paper, where each student selects a public problem, conducts research, and writes an analysis. Students become effective consumers and beginning producers of policy analysis. Journal: The Journal of Economic Education Pages: 143-149 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038327 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038327 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:143-149 Template-Type: ReDIF-Article 1.0 Author-Name: Juliette Roddy Author-X-Name-First: Juliette Author-X-Name-Last: Roddy Title: Integrating economics into professional studies: Criminal justice, health, and public policy education Abstract: The theories and practices of economics are important in teaching students and practitioners in the fields of criminal justice, health, and public policy. Criminal justice and health professionals face increased scrutiny due to cost growth and inequities. Practitioners and policymakers can be challenged in their understanding of quantifiable benefits and the costs of interventions. It becomes imperative that professionals have an understanding of cost structure and behaviors, benefit-cost analysis, and cost effectiveness to justify efficient systems. Teaching challenges include the integration of economic principles in courses where students have had no exposure to economics teaching methods and theories. Programs that emphasize the efficient practice of health and criminal justice interventions might consider integrating economic principles into their curriculum. Journal: The Journal of Economic Education Pages: 159-164 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038325 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038325 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:159-164 Template-Type: ReDIF-Article 1.0 Author-Name: Matthew Rousu Author-X-Name-First: Matthew Author-X-Name-Last: Rousu Author-Name: Ben Smith Author-X-Name-First: Ben Author-X-Name-Last: Smith Author-Name: Bailey Hackenberry Author-X-Name-First: Bailey Author-X-Name-Last: Hackenberry Title: Economics of Star Wars Journal: The Journal of Economic Education Pages: 192-193 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038747 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038747 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:192-193 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew A. Samwick Author-X-Name-First: Andrew A. Author-X-Name-Last: Samwick Title: The economics of social entrepreneurship Abstract: The emerging field of social entrepreneurship seeks to address social challenges in environments where traditional public sector institutions are weak or absent. With its explicit focus on solving problems, social entrepreneurship is inherently interdisciplinary. A well-designed undergraduate course in social entrepreneurship can enhance traditional economics course offerings by integrating frameworks and pedagogies from both public policy and human-centered design. Journal: The Journal of Economic Education Pages: 176-180 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038329 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:176-180 Template-Type: ReDIF-Article 1.0 Author-Name: Brian C. Jenkins Author-X-Name-First: Brian C. Author-X-Name-Last: Jenkins Title: A Python-based undergraduate course in computational macroeconomics Abstract: The author of this article describes a new undergraduate course where students use Python programming for macroeconomic data analysis and modeling. Students develop basic familiarity with dynamic optimization and simulating linear dynamic models, basic stochastic processes, real business cycle models, and New Keynesian business cycle models. Students also gain familiarity with the popular Python libraries NumPy, Matplotlib, and pandas and make extensive use of the Jupyter Notebook. For many students in the course, this is their first experience with computer programming in any language. Feedback from students suggests that, regardless of prior programming experience, they find the course to be valuable, interesting, and enjoyable. Journal: The Journal of Economic Education Pages: 126-140 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038322 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038322 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:126-140 Template-Type: ReDIF-Article 1.0 Author-Name: Ben O. Smith Author-X-Name-First: Ben O. Author-X-Name-Last: Smith Title: Assessment disaggregation: A new tool to calculate learning types from nearly any exam platform, including online systems Journal: The Journal of Economic Education Pages: 194-195 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038321 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038321 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:194-195 Template-Type: ReDIF-Article 1.0 Author-Name: Panu Kalmi Author-X-Name-First: Panu Author-X-Name-Last: Kalmi Author-Name: Jaana Rahko Author-X-Name-First: Jaana Author-X-Name-Last: Rahko Title: The effects of game-based financial education: New survey evidence from lower-secondary school students in Finland Abstract: The authors of this article studied the effects of game-based financial education approaches using a sample of lower-secondary school students in Finland. The sample consisted of 640 students from 42 schools in different areas of the country. The authors focused on three different game-based interventions using a pre- and post-intervention survey design. They compared the effects of the interventions (and their combinations) to a control group that received only traditional teaching. They found robust effects with respect to knowledge gained from game-based approaches. However, the effects on self-reported financial behaviors were weak. Journal: The Journal of Economic Education Pages: 109-125 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038320 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038320 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:109-125 Template-Type: ReDIF-Article 1.0 Author-Name: Evangelia Chalioti Author-X-Name-First: Evangelia Author-X-Name-Last: Chalioti Title: Economics of artificial intelligence and innovation Abstract: The author of this article describes the content of her course titled “Economics of Artificial Intelligence and Innovation.” The course is offered by the Department of Economics of Yale University at a senior undergraduate level. The author also teaches this course at the MBA program of the Yale School of Management in another format. Journal: The Journal of Economic Education Pages: 188-191 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038331 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:188-191 Template-Type: ReDIF-Article 1.0 Author-Name: Price Fishback Author-X-Name-First: Price Author-X-Name-Last: Fishback Author-Name: Michael Haupert Author-X-Name-First: Michael Author-X-Name-Last: Haupert Title: The rich palette of the economic history curriculum Abstract: Teaching economic history requires the study of how to combine the economists’ modeling and statistical methods with the methods used by historians and the other social sciences. It often involves learning how to search for quantitative data from a variety of sources and then building panel datasets that match the data found with existing datasets. Economic historians also must work with narrative sources to develop an understanding of the historical context and the political, social, and economic institutions that influence the research questions. In some settings, the analysis focuses fully on narrative evidence because it is the only material available. While modern studies are restricted because the future is unknown, economic history can examine issues in the short, intermediate, and long run. Economic history provides a rich palette for educating undergraduate students in economics and the social sciences. The field is even more interdisciplinary than the wedding of history and economics. In 1978, Nobel Laureate Douglass North described its task as the study of the performance and structure of economies through time. North’s research agenda over the rest of his career combined politics, religion, perceptions, ideologies, the sociology of knowledge, and a variety of topics studied by scholars throughout the social sciences. Journal: The Journal of Economic Education Pages: 165-173 Issue: 2 Volume: 53 Year: 2022 Month: 3 X-DOI: 10.1080/00220485.2022.2038328 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2038328 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:2:p:165-173 Template-Type: ReDIF-Article 1.0 Author-Name: Emily C. Marshall Author-X-Name-First: Emily C. Author-X-Name-Last: Marshall Author-Name: Anthony Underwood Author-X-Name-First: Anthony Author-X-Name-Last: Underwood Title: Is economics STEM? Process of (re)classification, requirements, and quantitative rigor Abstract: From 2012 to 2019, the proportion of undergraduate economics degrees denoted as “Econometrics and Quantitative Economics” (STEM-eligible) conferred annually increased from 1 percent to 22 percent. The authors present results from a survey of the 73 institutions conferring at least one STEM-eligible economics degree in 2017 or 2018. They find that most institutions (59%) offer both traditional and STEM-eligible degrees and report needing departmental, college/university committee, and provost/dean approval to (re-)classify. The main motivation for this change is maintaining consistency with an increasingly quantitative discipline (73%). The significant differences in requirements between STEM-eligible and traditional economics degrees are the proportion requiring single variable calculus (91% vs. 69%), multivariable calculus (70% vs. 31%), linear algebra (48% vs. 21%), basic econometrics (96% vs. 77%), and advanced econometrics (48% vs. 8%). Journal: The Journal of Economic Education Pages: 250-258 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075508 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075508 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:250-258 Template-Type: ReDIF-Article 1.0 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 2001–2021 Abstract: Undergraduate economics degrees awarded by U.S. colleges and universities were stagnant from 2010 (2009–2010) to 2013, increased almost 14% from 2013 to 2015, and have subsequently stabilized at a little above the 2015 level. Journal: The Journal of Economic Education Pages: 273-276 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075511 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075511 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:273-276 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Hook Author-X-Name-First: Andrew Author-X-Name-Last: Hook Title: Examining modern money creation: An institution-centered explanation and visualization of the “credit theory” of money and some reflections on its significance Abstract: Despite recent clarifications by central banks that it is indeed commercial banks that are the main creators of the money supply, money creation processes remain as confusing and opaque as ever to many. This article develops a simplified macro-visual diagram of today’s money system based on the increasingly accepted “credit theory” of money creation. It aims to explain not only how money is created and which institutions have the authority to create it; it also aims to discuss the implications of this understanding of money creation for wider issues, such as political sovereignty, inequality, and socio-economic development. Ultimately, it aims to provide a pedagogical resource upon which both technical and normative discussions about our current money system among academics, activists, and students can be based. Journal: The Journal of Economic Education Pages: 210-231 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075510 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075510 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:210-231 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Title: Classroom management and student interaction interventions: Fostering diversity, inclusion, and belonging in the undergraduate economics classroom Abstract: The economics profession lacks diversity and, as a result, interventions have been introduced at the graduate and professional levels to minimize the effect of the “leaky pipeline.” In addition, economic educators lack training in classroom management and student interaction, which may lead to underinvestment in fostering diversity, inclusion, and a belonging environment in the classroom. The author of this article presents low-cost interventions to increase diversity and inclusion by developing a sense of belonging at the principles level. The focus of these interventions is on faculty behavior and pertains to classroom management and student interactions. Journal: The Journal of Economic Education Pages: 259-272 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075507 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075507 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:259-272 Template-Type: ReDIF-Article 1.0 Author-Name: Jane Ihrig Author-X-Name-First: Jane Author-X-Name-Last: Ihrig Author-Name: Scott Wolla Author-X-Name-First: Scott Author-X-Name-Last: Wolla Title: Let’s close the gap: Updating the textbook treatment of monetary policy Abstract: The topic of the Federal Reserve’s (the Fed’s) implementation of monetary policy has a significant presence in economics textbooks. Unfortunately, as the Fed purposefully shifted the way it implements monetary policy to an environment with ample reserves in the banking system, many textbooks have not kept up. The authors walk through the key policy tools the Fed uses to implement policy in the ample-reserves regime. Next, they contrast the current framework with the pre-2009 regime to highlight that there are substantial differences in the policy tools and concepts that should be taught in the classroom. Finally, they review six, 2020 or 2021 edition, principles of economics textbooks and quantify how well they cover the key concepts associated with the way the Fed implements policy. Journal: The Journal of Economic Education Pages: 232-249 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075509 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075509 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:232-249 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Bahrani Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Bahrani Author-Name: Maria Apostolova-Mihaylova Author-X-Name-First: Maria Author-X-Name-Last: Apostolova-Mihaylova Author-Name: Emily C. Marshall Author-X-Name-First: Emily C. Author-X-Name-Last: Marshall Title: Helping some and harming others: Homework frequency and tradeoffs in student performance Abstract: The authors of this article examine the potential for increased student learning and retention through more frequent assignments. They conduct a field experiment that investigates whether student knowledge retention can be improved by increasing the frequency of homework assignments, motivating students to have more exposure to the material, and reducing the incentives for students to procrastinate. They find that the impact of the treatment on student performance varies based on the student’s past academic performance. Students on the lower end of the academic performance distribution benefit from the structure imposed by more frequent assignments and perform better. However, students with high prior academic performance are harmed by the intervention. The final exam scores of high-performing students are lower in courses with higher assignment frequency. Journal: The Journal of Economic Education Pages: 197-209 Issue: 3 Volume: 53 Year: 2022 Month: 6 X-DOI: 10.1080/00220485.2022.2075506 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075506 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:197-209 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111382_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Árpád Ábrahám Author-X-Name-First: Árpád Author-X-Name-Last: Ábrahám Author-Name: Benedikt Dengler Author-X-Name-First: Benedikt Author-X-Name-Last: Dengler Author-Name: Vinzenz Ziesemer Author-X-Name-First: Vinzenz Author-X-Name-Last: Ziesemer Title: Economics PhD programs in Europe: Completion times and job placement Abstract: Stock, Finegan, and Siegfried establish that completion times in U.S. economics PhD programs have been on the rise, with the median steadily approaching six years. Do European programs experience the same trend? The authors of this article present new hand-collected data on job market candidates from the top European PhD programs in economics. In the past five years, completion times have been rising steadily, and the median is now approaching six years. Empirical evidence suggests that a shorter PhD duration is statistically associated with less prestigious placements. The authors further investigate how PhD duration and placement prestige vary with personal researcher characteristics such as gender or field of undergraduate studies. Journal: The Journal of Economic Education Pages: 325-339 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111382 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:325-339 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111384_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Ivo J. M. Arnold Author-X-Name-First: Ivo J. M. Author-X-Name-Last: Arnold Title: Online proctored assessment during COVID-19: Has cheating increased? Abstract: The author of this article uses two empirical approaches to compare online to face-to-face proctored assessment. Using data from a Dutch economics program, he shows that the relationship between grades and human capital variables remains highly significant for courses with online proctored examinations. Additionally, a search for suspicious grade patterns does not indicate an increase in cheating. Overall, the findings do not provide convincing evidence that online proctored assessment is more conducive to cheating than assessment using face-to-face proctoring. In view of the increasing evidence that unproctored online assessment may suffer from high levels of cheating, this suggests that educational institutions can reduce the risk of cheating by using online proctoring. Journal: The Journal of Economic Education Pages: 277-295 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111384 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:277-295 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111383_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: John Jerrim Author-X-Name-First: John Author-X-Name-Last: Jerrim Author-Name: Luis Alejandro Lopez-Agudo Author-X-Name-First: Luis Alejandro Author-X-Name-Last: Lopez-Agudo Author-Name: Oscar David Marcenaro-Gutierrez Author-X-Name-First: Oscar David Author-X-Name-Last: Marcenaro-Gutierrez Title: The link between financial education and financial literacy: A cross-national analysis Abstract: Financial literacy is a competence that extends to many aspects of everyday life. The Great Recession has recently highlighted its relevance and the importance of financial literacy training in the school curricula. The authors use PISA 2015 data to investigate the link between financial education and young people’s financial literacy across 15 countries using a student fixed-effects approach. Their results illustrate how financial education is still in its infancy within many countries and does not seem to improve young people’s ability to apply financial skills in real-world situations. Journal: The Journal of Economic Education Pages: 307-324 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111383 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:307-324 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111385_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Leila E. Davis Author-X-Name-First: Leila E. Author-X-Name-Last: Davis Author-Name: Leopoldo Gómez-Ramírez Author-X-Name-First: Leopoldo Author-X-Name-Last: Gómez-Ramírez Title: Teaching post-intermediate macroeconomics with a dynamic 3-equation model Abstract: 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 simulation tool for upper-level undergraduate and master’s-level macroeconomics courses. This dynamic framework allows instructors and students to tackle conceptual issues (e.g., understanding a world with output growth and steady inflation) and contemporary applications (e.g., hysteresis and secular stagnation) that are difficult to interpret in static models. Depending on the goals of the course, instructors can either cover the full presentation of the model or instead use the simulation tool to compare scenarios. Journal: The Journal of Economic Education Pages: 348-367 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111385 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:348-367 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111386_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Jack Leggett Author-X-Name-First: Jack Author-X-Name-Last: Leggett Author-Name: Bryan Morgan Author-X-Name-First: Bryan Author-X-Name-Last: Morgan Author-Name: Kam Ki Tang Author-X-Name-First: Kam Ki Author-X-Name-Last: Tang Title: Repeated quizzing of basic mathematics concepts to improve grades in economics classes Abstract: Modern economics courses require high mathematical proficiency, and low proficiency may reduce grades or cause students to avoid economics courses. The article’s authors sought to improve students’ mathematical skills and grades with a simple intervention based on repeated quizzing of building-block concepts. They analyzed data from four semesters of a first-year course. During the first two semesters, there were five online quizzes, and each concept appeared on only one quiz. During the latter two semesters, important basic concepts appeared repeatedly across quizzes. Performance with repeated concepts improved across quizzes, and repeated quizzing was associated with slightly higher final exam scores. Mid-semester exam scores, which preceded most quizzes, were not consistently associated with the quizzing approach, helping to rule out cohort effects and other alternative explanations. Journal: The Journal of Economic Education Pages: 296-306 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111386 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:296-306 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111387_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: William Darity Author-X-Name-First: William Author-X-Name-Last: Darity Title: Alternatives to the scarcity principle Abstract: Dominion of the scarcity principle as the basis for economic analysis is virtually absolute in teaching the introductory course in economics. This supremacy is neither valid nor desirable. Two compelling alternative foundational concepts for economics are uncertainty and inequality. These alternatives lead to vastly different implications for the development of economic analysis than scarcity and vastly different implications for the teaching of economics. Journal: The Journal of Economic Education Pages: 340-347 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111387 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111387 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:340-347 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2111831_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: The Editors Title: Editorial statistics Journal: The Journal of Economic Education Pages: 368-368 Issue: 4 Volume: 53 Year: 2022 Month: 10 X-DOI: 10.1080/00220485.2022.2111831 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2111831 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:368-368 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144571_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Günseli Berik Author-X-Name-First: Günseli Author-X-Name-Last: Berik Author-Name: Yana van der Meulen Rodgers Author-X-Name-First: Yana van der Meulen Author-X-Name-Last: Rodgers Title: Teaching development economics from a gender perspective Abstract: An undergraduate course in development economics presents an ideal opportunity to introduce students to the importance of gender differences in economic outcomes. The authors of this article argue that a systematic integration of gender into development economics courses based on standard textbooks is feasible and desirable. They provide a gendered narrative of how to engender a development economics course in the Global North using as examples topics that are commonly taught and show how gender-aware scholarly articles, classroom activities, and assignments can complement a course based on a standard textbook or set of articles. They engender three main sections of a prototype development economics course: meanings and measures of economic development; strategies for economic development; and salient issues in development; and they add a forward-looking section on creating equitable development. Journal: The Journal of Economic Education Pages: 60-75 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144571 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144571 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:60-75 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144570_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Florian Sniekers Author-X-Name-First: Florian Author-X-Name-Last: Sniekers Title: Teaching the COVID-19 lockdown using the Keynesian Cross Abstract: I present a framework to teach the macroeconomic effects of COVID-19 using the Keynesian Cross. I show that the rest of the economy suffers from a decline in demand once one sector of the economy is shut down and that the government spending and tax multipliers are smaller than usual. Fully insuring workers in the sector that is shut down cannot prevent a recession, but for the same aggregate transfers, such targeted income transfers do more to restore aggregate output than unconditional transfers. An extension to the IS curve shows that a lockdown results in deflation. These insights can be taught in an introductory or intermediate macroeconomics course. Journal: The Journal of Economic Education Pages: 38-59 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144570 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144570 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:38-59 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144573_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: William B. Walstad Author-X-Name-First: William B. Author-X-Name-Last: Walstad Author-Name: Jamie Wagner Author-X-Name-First: Jamie Author-X-Name-Last: Wagner Title: Required or voluntary financial education and saving behaviors Abstract: The authors of this study investigate the likely influence of required or voluntary financial education on the saving behaviors of U.S. adults. They compare the results for three groups defined by different life experiences with financial education (required, voluntary, and none). Probit models estimate the effects of financial education on four saving behaviors: having a savings account; having an emergency fund; saving for investing; and saving for retirement. The results show similar positive outcomes for required and voluntary financial education on each saving behavior. No difference based on self-selection into financial education is evident. The findings also indicate that multiple exposures to financial education in different venues (high school, college, or employment) increase the apparent effects on saving behaviors compared with a single exposure. Journal: The Journal of Economic Education Pages: 17-37 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144573 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144573 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:17-37 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144572_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Neal H. Olitsky Author-X-Name-First: Neal H. Author-X-Name-Last: Olitsky Author-Name: Sarah B. Cosgrove Author-X-Name-First: Sarah B. Author-X-Name-Last: Cosgrove Title: Cutting our losses: The effects of a loss-aversion strategy on student learning gains Abstract: In this randomized controlled trial with controls for student characteristics, the authors used a loss-aversion strategy to test whether students achieve greater learning gains from combining research-based instructional strategies with loss aversion. Students in the control group began the class with no grades and built their course average by completing assignments and exams. The treatment group began with a score of 100 percent on each assignment and viewed the deductions on scores from errors and missed work. The results indicated that students in the treatment group experienced gains in learning that were, on average, 5 to 13 percentage points larger than those of the control group. These learning gains were concentrated among students with low SAT math scores. Journal: The Journal of Economic Education Pages: 1-16 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144572 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144572 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144576_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Quinn A. W. Keefer Author-X-Name-First: Quinn A. W. Author-X-Name-Last: Keefer Title: An alternative approach for introducing instrumental variables based on ordinary least squares omitted variable bias Abstract: An alternative approach for introducing instrumental variables in econometrics courses is presented in this article. The method is based on the ordinary least squares omitted variable bias formula. The intuition for the approach capitalizes on students’ understanding and intuition of omitted variables. Thus, if students understand omitted variable bias, they can understand instrumental variables. Furthermore, using omitted variable bias to derive the instrumental variables estimator clearly highlights the critical assumptions of instrumental variables. The author illustrates the proposed method mathematically and discusses the intuition in both simple and multiple regression cases. Journal: The Journal of Economic Education Pages: 94-101 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144576 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144576 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:94-101 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2144575_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Emily C. Marshall Author-X-Name-First: Emily C. Author-X-Name-Last: Marshall Author-Name: Paul Shea Author-X-Name-First: Paul Author-X-Name-Last: Shea Title: Teaching an undergraduate elective on the Great Recession (and the COVID-19 recession too) Abstract: The authors describe an undergraduate economics elective focused on the Great Recession and the recession resulting from the COVID-19 pandemic. They have taught the course with great success at both liberal arts colleges and research universities and at all levels of the curriculum ranging from a first-year seminar to an upper-level elective. They present a roadmap for instructors interested in offering the class. Although intermediate macroeconomics is assumed as a prerequisite, the authors discuss how they have adapted the class for students with different backgrounds. The course is divided into seven units: the housing bubble and asset pricing, housing policy and history, propagation and panic, monetary policy, fiscal policy, aftermath and international perspectives, and the macroeconomics of COVID-19. Sample assignments and readings are both provided. Journal: The Journal of Economic Education Pages: 76-93 Issue: 1 Volume: 54 Year: 2023 Month: 1 X-DOI: 10.1080/00220485.2022.2144575 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2144575 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:76-93 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2174233_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Parama Chaudhury Author-X-Name-First: Parama Author-X-Name-Last: Chaudhury Title: Asynchronous learning design—Lessons for the post-pandemic world of higher education Abstract: In this article, the author describes the use of a storytelling approach in a learning design with significant asynchronous elements. This approach was introduced in an upper-level international trade course with close to 200 students in response to the COVID-19 pandemic. As most live “lectures” took place online and were subject to disruption due to Internet issues, the bulk of the content delivery was asynchronous, with the storytelling approach using “Sways” to address some of the common issues about engagement with asynchronous learning elements. The grade distribution and student feedback indicated that this approach was effective in achieving the stated learning goals. Finally, the author discusses how to adapt this approach to courses at other levels. Journal: The Journal of Economic Education Pages: 214-223 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2174233 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2174233 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:214-223 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2165995_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Darwin Cortés Author-X-Name-First: Darwin Author-X-Name-Last: Cortés Author-Name: César Mantilla Author-X-Name-First: César Author-X-Name-Last: Mantilla Author-Name: Laura Prada Author-X-Name-First: Laura Author-X-Name-Last: Prada Title: Renewable resource dynamics: A Web-based classroom experiment Abstract: The authors adapted a lab-in-the-field experiment emulating the dynamic extraction of a fishery to create a Web-based classroom experiment. The game includes a multi-player version analogous to an open-access problem and a single-player version analogous to the social planner problem. This game is helpful in introductory microeconomics courses to teach about dominant strategies and the consequences of resource rivalry. In elective courses, the game helps teach bio-economics concepts, including logistic growth functions and optimal extraction paths. Instructions for game deployment and creating the sessions are provided. Conducting the game takes about 20 minutes, and because the game is Web-based, students can access it from their laptops, tablets, or smartphones. Journal: The Journal of Economic Education Pages: 145-157 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2165995 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2165995 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:145-157 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2176388_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Juana Castro Santa Author-X-Name-First: Juana Author-X-Name-Last: Castro Santa Title: Climate change mitigation under uncertainty and inequality: A classroom experiment Abstract: A novel game that captures the central dimensions of climate change mitigation as a social dilemma is presented. Students play the role of countries sharing a global atmosphere. In each round, carbon emissions are released and accumulated in the atmosphere, making climate change consequences more severe and difficult to mitigate over time. Without mitigation, CO2 accumulations will cause losses to all countries. During each round, countries decide on how to invest their endowments between economic development and mitigation to slow down carbon emissions causing climate change. Central to the game and the subsequent classroom discussions are implications emanating from introducing uncertainty and inequality in the game. The game is suitable for courses related to environmental economics and climate policy at undergraduate and graduate levels. Journal: The Journal of Economic Education Pages: 128-144 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2176388 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2176388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:128-144 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2160398_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: M. Femi Ayadi Author-X-Name-First: M. Femi Author-X-Name-Last: Ayadi Author-Name: Grace Onodipe Author-X-Name-First: Grace Author-X-Name-Last: Onodipe Title: Writing-to-learn: Strategies to promote engagement, peer-to-peer learning, and active listening in economics courses Abstract: Incorporating writing into an economics course is a beneficial goal of economic educators. The potential benefits of using writing to enhance learning among economics students have been emphasized in the literature. Writing to Learn (WTL) is an act of using writing activities to help students think through key concepts presented in a course. The authors’ objective in this article is to describe WTL activities that promote engagement, peer-to-peer learning, and active listening. This WTL strategy was born out of a desire to help students focus and learn in an online format during a particularly stressful time of the COVID-19 global pandemic. However, this strategy can be applied in all teaching formats: face-to-face, online or hybrid, and to both graduate and undergraduate students. Journal: The Journal of Economic Education Pages: 198-204 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2022.2160398 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2160398 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:198-204 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2168813_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Allison Oldham Luedtke Author-X-Name-First: Allison Oldham Author-X-Name-Last: Luedtke Title: Teaching Nash equilibrium with Python Abstract: The author describes an assignment in an undergraduate game theory course in which students work together in class to develop a computer algorithm to identify Nash equilibria. This assignment builds basic computer science skills while applying game theory knowledge to real-world situations. Students work as a team to delineate the steps and write a program to identify all of the pure-strategy Nash equilibria of the game. They then test this program by creating and solving their own game. This assignment represents an efficient way for undergraduate economics students to gain valuable computer science skills without assuming any pre-existing computer science knowledge, without having to take classes outside of the economics major, and without economics faculty having to restructure entire courses or curricula. Journal: The Journal of Economic Education Pages: 177-183 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2168813 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2168813 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:177-183 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2160397_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Sarah Jacobson Author-X-Name-First: Sarah Author-X-Name-Last: Jacobson Author-Name: Allison Oldham Luedtke Author-X-Name-First: Allison Oldham Author-X-Name-Last: Luedtke Title: Games in the classroom: A symposium Journal: The Journal of Economic Education Pages: 126-127 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2022.2160397 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2160397 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:126-127 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2165996_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Darren Filson Author-X-Name-First: Darren Author-X-Name-Last: Filson Title: COVID-19 as a trigger of persistent innovations: Evidence from an economics elective at Claremont McKenna College Abstract: The COVID-19 pandemic made it necessary for instructors to innovate, and some of the innovations will persist and be refined post-pandemic. An economics elective at Claremont McKenna College provides examples. Innovations likely to persist include replacing in-class exams with context-rich assignments and conducting a set of student presentations and an initial Q&A using recordings posted online. Both innovations advance the learning objectives, and they also free up class time, which permits additional innovations. Journal: The Journal of Economic Education Pages: 191-197 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2165996 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2165996 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:191-197 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2177220_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Atle Haugen Author-X-Name-First: Atle Author-X-Name-Last: Haugen Author-Name: Steffen Juranek Author-X-Name-First: Steffen Author-X-Name-Last: Juranek Title: Classroom experiments on technology licensing: Royalty stacking, cross-licensing, and patent pools Abstract: The authors present two classroom experiments on technology licensing. The first classroom experiment introduces the concept of royalty stacking. Students learn that noncooperative pricing of royalties for complementary intellectual property rights leads to a double-marginalization effect. Cooperation solves the problem and is welfare-improving. The second classroom experiment introduces students to cross-licensing. It shows that reciprocal royalty payments dampen competition. The classroom experiments stimulate discussions of technology licensing, intellectual property rights, different royalty structures, patent pools, and technology standards. The authors present the experimental procedures and suggest routes for the discussion. Journal: The Journal of Economic Education Pages: 113-125 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2177220 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2177220 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:113-125 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2155746_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Teaching before and during COVID-19: A survey Abstract: Past survey evidence shows little change in how economists teach, but the pandemic forced change upon faculty. This survey investigates what that change looked like, whether faculty feel that the changes were for the better or worse for themselves and their students, and what changes faculty will continue post-pandemic. Journal: The Journal of Economic Education Pages: 184-190 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2022.2155746 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2155746 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:184-190 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2168814_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Syon Bhanot Author-X-Name-First: Syon Author-X-Name-Last: Bhanot Title: Reshaping a course for COVID along 5 dimensions: Lessons from “behavioral economics” at Swarthmore College Abstract: The COVID-19 pandemic has disrupted the status quo across higher education, including in the domain of pedagogy. The author of this article provides a case study of the changes made to one course, “Behavioral Economics,” at Swarthmore College, in response to a set of unique, pandemic-related challenges. He begins by providing details on the context and the nature of the changes made in the course before turning to reflections on what did and did not work well. Overall, the author argues that while many of the pedagogical modifications made during the pandemic need not remain in a post-pandemic world, there are many valuable lessons to be learned from the pandemic that can positively inform the evolution of economics pedagogy. Journal: The Journal of Economic Education Pages: 205-213 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2168814 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2168814 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:205-213 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2177221_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Joaquín Coleff Author-X-Name-First: Joaquín Author-X-Name-Last: Coleff Author-Name: Camilo Rubbini Author-X-Name-First: Camilo Author-X-Name-Last: Rubbini Title: Price discrimination: Teaching new results with simple exercises Abstract: The authors of this article propose a simple exercise of monopoly pricing to illustrate complex theoretical results on the welfare effects of group pricing. By exposing students to this exercise, they aim to bridge a gap between the standard textbook analysis of group pricing and more general results in the literature and clarify some students’ misconceptions. They gear the exercise toward undergraduate students in principles and intermediate-level economics, microeconomics, and industrial organization courses. Journal: The Journal of Economic Education Pages: 103-112 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2177221 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2177221 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:103-112 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2171521_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Sarah Jacobson Author-X-Name-First: Sarah Author-X-Name-Last: Jacobson Title: Ore money ore problems: A resource extraction game Abstract: The economic theory of natural resource exploitation predicts that scarcity crises will not arise because forward-looking resource owners will smooth their extraction over time to maximize their profits. The model providing this result can seem opaque and technical to students, but its intuition can be learned from experience. The author shares a game that provides that experience. Participants play the role of mine owners who must decide how much to extract in each of two periods. In addition to showing how price signals through markets can prevent sudden increases in scarcity, the game also provides lessons about intertemporal choice, market power, information, and property rights. The author provides all materials needed to play the game as is or to customize it for alternative learning outcomes. Journal: The Journal of Economic Education Pages: 158-176 Issue: 2 Volume: 54 Year: 2023 Month: 4 X-DOI: 10.1080/00220485.2023.2171521 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2171521 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:158-176 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2208578_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Mariam Majd Author-X-Name-First: Mariam Author-X-Name-Last: Majd Author-Name: Amanda Page-Hoongrajok Author-X-Name-First: Amanda Author-X-Name-Last: Page-Hoongrajok Title: Rating sovereign credit risk: A simulation for advanced economics and finance students Abstract: The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody’s sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use active and experiential learning techniques to guide student teams in mimicking the process used by Moody’s analysts to assign a sovereign credit risk rating to one of 12 diverse countries. An accompanying YouTube video guides students in navigating three Web sites to retrieve macroeconomic data informing sovereign credit risk ratings. The simulation may be utilized in face-to-face and synchronous online environments. Journal: The Journal of Economic Education Pages: 327-341 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2208578 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2208578 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:327-341 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2075505_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Kripa Freitas Author-X-Name-First: Kripa Author-X-Name-Last: Freitas Title: Low-stakes writing in an active-learning classroom needs focus and feedback to be effective Abstract: Evidence suggests that active engagement with material as it is being taught improves learning. In-class multiple choice questions are a common way to introduce active learning. Low-stakes writing is another. The author of this article provides evidence that using a content-based low-stakes writing prompt with immediate group feedback during the lecture improves test performance relative to a multiple choice question covering the same content. Students with low CGPAs performed better on the midterm with the intervention, while higher-CGPA students performed better on writing assignments. Adding a traditional unfocused one-minute exit ticket to a class already using in-class problem-solving had a small but negative effect on student learning. This suggests that content-focused low-stakes writing with immediate feedback complements problem-solving in an active classroom. Journal: The Journal of Economic Education Pages: 243-255 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2022.2075505 File-URL: http://hdl.handle.net/10.1080/00220485.2022.2075505 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:243-255 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2210549_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: John J. Siegfried Author-X-Name-First: John J. Author-X-Name-Last: Siegfried Title: Trends in undergraduate economics degrees, 2001–2022 Abstract: Undergraduate economics degrees awarded by U.S. colleges and universities increased almost 12 percent from 2013 to 2015, then stabilized at a little above the 2015 level until 2018, after which they began an accelerating decline over the past 4 years to end back at 2015 levels. Journal: The Journal of Economic Education Pages: 342-346 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2210549 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2210549 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:342-346 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2183918_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Michael P. Cameron Author-X-Name-First: Michael P. Author-X-Name-Last: Cameron Title: Two models for illustrating the economics of media bias in a policy-oriented course Abstract: Media bias is an important and underexplored feature of the economics of information. In this article, the author outlines two models that can be used to illustrate media bias in a policy-oriented undergraduate economics or public policy course. The models rely on relatively simple and intuitive underlying assumptions and draw on related empirical research. They do not require extensive mathematical derivations, although the models can easily be extended for more mathematically-inclined students. The models are useful in linking economic theory and empirical research in a context that undergraduate students can relate to and in which they often have direct experience. The models also can be used to motivate a range of discussions on media and competition policy. Journal: The Journal of Economic Education Pages: 281-288 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2183918 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2183918 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:281-288 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2204851_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Joab Corey Author-X-Name-First: Joab Author-X-Name-Last: Corey Title: The regulation dice game: Teaching the effects of entry barriers on wealth creation using an interactive class activity Abstract: There is a well-known connection between the barriers to entry created by an overburdensome regulatory climate and lower levels of productivity that create less economic growth. Many economics students are under the impression that regulations are designed to protect the workers and consumers as well as improve product quality, so they are often uninformed about the adverse effects of regulations and are sometimes reluctant to accept the idea that regulations such as occupational licensing can work to the detriment of those in that occupation and the economy as a whole. The author of this article presents an interactive class activity, providing the instructions and worksheets needed to employ it in the classroom, and which illustrate the costs and benefits of various regulatory environments. Journal: The Journal of Economic Education Pages: 301-326 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2204851 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2204851 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:301-326 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2183919_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: James Staveley-O’Carroll Author-X-Name-First: James Author-X-Name-Last: Staveley-O’Carroll Author-Name: Yunwei Gai Author-X-Name-First: Yunwei Author-X-Name-Last: Gai Title: Adverse selection and risk pooling in the health insurance market: A classroom demonstration Abstract: The authors describe an asymmetric information demonstration that assigns students different probabilities of incurring healthcare expenses. In each round, students choose whether to purchase insurance; then, the instructor randomly determines who gets “sick.” After computing insurer profits, students help determine a new insurance price to maximize future profit. Within three rounds, students recognize that the provider always incurs losses from adverse selection, opening a discussion of market failures pertaining to health insurance and asymmetric information. The experiment features idiosyncratic, but not systematic, risk as such; the same number of students get “sick” every round. Therefore, the instructor can straightforwardly demonstrate the benefits of risk pooling. The experiment is applicable to economic principles as well as intermediate courses in healthcare economics and microeconomic theory. Journal: The Journal of Economic Education Pages: 256-266 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2183919 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2183919 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:256-266 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2191597_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Ziyue Chen Author-X-Name-First: Ziyue Author-X-Name-Last: Chen Author-Name: Fatima Djalalova Author-X-Name-First: Fatima Author-X-Name-Last: Djalalova Author-Name: Casey Rothschild Author-X-Name-First: Casey Author-X-Name-Last: Rothschild Author-Name: Annette Hofmann Author-X-Name-First: Annette Author-X-Name-Last: Hofmann Title: Teaching vaccines using internal-to-the-market externalities Abstract: Textbook models of externalities tacitly assume that those externalities fall upon individuals “outside” of the market. In many contexts—including common undergraduate examples—externalities fall “inside” the market instead. Positive externalities associated with vaccination, for instance, accrue to other individuals who would potentially demand vaccines and affect their willingness to pay. The authors describe an undergraduate-accessible alternative diagrammatic approach to such internal-to-the-market externalities, using vaccines as their through-running example. They illustrate their approach by applying it in a study of binding mandates for 100-percent-effective vaccines and show how it can be used to depict a striking (known) result that, compared to laissez-faire, such a mandate will always lower social welfare. They also discuss important real-world caveats to this result. Journal: The Journal of Economic Education Pages: 289-300 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2191597 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2191597 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:289-300 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2200409_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: EeCheng Ong Author-X-Name-First: EeCheng Author-X-Name-Last: Ong Author-Name: Timothy Wong Author-X-Name-First: Timothy Author-X-Name-Last: Wong Title: Bringing the classroom to the real world: Field trips to marginalized neighborhoods Abstract: The authors incorporate experiential learning into three courses: Urban Economics, Labor Economics, and the Economics of Inequality. Students visit neighborhoods that, while geographically proximate, remain outside most students’ day-to-day experiences, such as a legal red-light district that is also home to low-wage immigrant workers and a public rental housing estate whose residents were recently relocated. These location-oriented field trips raise a confluence of themes, such as poverty and crime, that relate to and beyond the authors’ courses. Students’ written reflections provide evidence that they are able to: (i) identify economic concepts within the lived realities of communities; (ii) recognize the assumptions and validity of economic models; and (iii) contextualize and reevaluate the costs and benefits to the economic agents whom they model in the classroom. Journal: The Journal of Economic Education Pages: 267-280 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2200409 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2200409 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:267-280 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2205402_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Jadrian Wooten Author-X-Name-First: Jadrian Author-X-Name-Last: Wooten Author-Name: Wayne Geerling Author-X-Name-First: Wayne Author-X-Name-Last: Geerling Title: Economics of Squid Game Journal: The Journal of Economic Education Pages: 347-348 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2205402 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2205402 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:347-348 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2191594_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Manuel Salas-Velasco Author-X-Name-First: Manuel Author-X-Name-Last: Salas-Velasco Title: Economic and financial education for investment and financing decision-making in a graduate degree: Experimental evaluation of the effectiveness of two delivery methods Abstract: The author of this study offers new evidence on the effectiveness of chatbots as an instructional mode via a randomized controlled experiment in which college seniors were given online training on the convenience of pursuing a master’s degree and the suitability of taking out a graduate student loan. Two educational formats, a YouTube video and a Facebook chatbot, were used for delivering that training to the experimental subjects. Economic education improved the economic knowledge needed to calculate a master’s degree’s viability. The effectiveness of financial education in improving student loan debt literacy was also verified. The effectiveness of the chatbot-based learning was greater than that of the video format for providing economic education. Only the chatbot delivery method was effective in providing financial education. Journal: The Journal of Economic Education Pages: 225-242 Issue: 3 Volume: 54 Year: 2023 Month: 7 X-DOI: 10.1080/00220485.2023.2191594 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2191594 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:225-242 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2230220_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Lisa Giddings Author-X-Name-First: Lisa Author-X-Name-Last: Giddings Author-Name: Stephan Lefebvre Author-X-Name-First: Stephan Author-X-Name-Last: Lefebvre Title: Significant learning in principles of economics: A module on the minimum wage Abstract: The authors of this article make a case for using Fink’s (2013) taxonomy of significant learning in the economics classroom to improve standard-based economics education and to continue transforming the discipline to reduce social inequality along multiple dimensions, including gender, race, and class. Fink’s framework is defined by student engagement with six distinct kinds of learning. Changes in student attitudes, changes in what students know about themselves and others, and learning how to learn in different settings are learning outcomes that are incorporated explicitly alongside acquiring new discipline-specific knowledge and skills. The authors apply Fink’s taxonomy to a module on the minimum wage for principles of economics. They discuss potential activities and reflect on the benefits and challenges associated with using Fink’s taxonomy. Journal: The Journal of Economic Education Pages: 418-428 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2230220 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2230220 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:418-428 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2214542_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Seth Neumuller Author-X-Name-First: Seth Author-X-Name-Last: Neumuller Title: Teaching quantitative macroeconomics to undergraduate students using the Solow model: An application to post–WWII Japan Abstract: 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 model, (3) comparing the quantitative predictions of a model to the data, and (4) using a model as a laboratory to run counterfactual “experiments.”  This application thus offers instructors a low-cost way to “bridge the gap” between the content typically covered at the intermediate undergraduate level and the tools and methods commonly used by macroeconomists in their everyday research. Journal: The Journal of Economic Education Pages: 349-363 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2214542 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2214542 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:349-363 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2234900_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Eylem Ersal Kiziler Author-X-Name-First: Eylem Author-X-Name-Last: Ersal Kiziler Title: Significant learning in introductory macroeconomics: Addressing misconceptions about “others” Abstract: Misconceptions hinder optimal student learning. They need to be addressed explicitly and formally to achieve effective teaching of economics. The author of this article outlines an activity that is designed to address misconceptions about “others” using a backward course design framework. Fink’s significant learning categories, specifically human dimension, and caring, are used to create learning outcomes that target misconceptions. The Predict-Observe-Explain teaching strategy is used to translate these learning outcomes into learning activities. Journal: The Journal of Economic Education Pages: 391-397 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2234900 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2234900 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:391-397 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2236606_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Jacqueline Strenio Author-X-Name-First: Jacqueline Author-X-Name-Last: Strenio Title: Cooperative learning exercises in an online asynchronous economics classroom Abstract: Cooperative learning is associated with a variety of potential benefits to students, including better comprehension and retention, improved perceptions and attitudes, and increased openness to diversity. Yet, there is limited evidence or instruction on cooperative learning activities in asynchronous online classrooms, an increasingly common course delivery format. The author describes an innovative way to incorporate cooperative learning into an asynchronous online principles-level economics classroom. After a brief discussion of cooperative learning, sample structure, assignments, and student instructions are provided. Additionally, the author includes a reflection, including anecdotal evidence of student perceptions and learning, and addresses several implementation challenges. Journal: The Journal of Economic Education Pages: 429-439 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2236606 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2236606 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:429-439 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2226662_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Basak Horowitz Author-X-Name-First: Basak Author-X-Name-Last: Horowitz Title: One nation under stress: A cooperative learning exercise to promote diversity and inclusion in introductory macroeconomics Abstract: The author of this article discusses a cooperative learning exercise designed for introductory macroeconomics that was completed by 44 groups of three or four students during the spring 2021, fall 2021, and spring 2022 semesters at a private U.S. liberal arts college. The exercise aims to foster an active learning community where students collaborate with people of diverse backgrounds and discuss economic issues with sensitivity and open-mindedness to promote mutual understanding. It provides students an opportunity to apply the concepts they learned in class to a real-world example and to integrate economic insights with those from other disciplines. The article details the exercise’s design and implementation process so that its structure can be adapted to a different content or course. Journal: The Journal of Economic Education Pages: 398-406 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2226662 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2226662 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:398-406 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2213221_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Title: Expanding diversity (in) undergraduate classes with advancements in (the) teaching (of) economics: A symposium Journal: The Journal of Economic Education Pages: 379-381 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2213221 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2213221 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:379-381 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2220695_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Masanori Kuroki Author-X-Name-First: Masanori Author-X-Name-Last: Kuroki Title: Integrating data science into an econometrics course with a Kaggle competition Abstract: 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 engaging activity using only linear regression. Other techniques in this tutorial include log-linear and quadratic models and interactions of explanatory variables, which are common functional forms in econometrics. The competition allows students to use real-world data, build a predictive model, submit their model online to be evaluated instantaneously based on accuracy, and keep improving their model. R and Python codes are provided to make it possible for readers to replicate. Journal: The Journal of Economic Education Pages: 364-378 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2220695 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2220695 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:364-378 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2243910_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Janine L. F. Wilson Author-X-Name-First: Janine L. F. Author-X-Name-Last: Wilson Title: Using backward design to create a more diverse, equitable, and inclusive principles course Abstract: The economics profession has been working to become more open, inclusive, and welcoming. The introductory principles of economics courses provide a unique opportunity to teach students of the wider university the value of the field of economics. It is in this setting that instructors’ interactions with students show them a welcoming and diverse profession or confirm that economics provides a toolbox useful only to some. Using a careful backward course design and attention to creating a diverse, equitable, and inclusive environment, the following article’s author presents a principles of microeconomics course with the potential to illustrate to undergraduate students the value of a degree in economics for all students. Journal: The Journal of Economic Education Pages: 440-452 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2243910 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2243910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:440-452 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2223538_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Alicia Atwood Author-X-Name-First: Alicia Author-X-Name-Last: Atwood Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: Melissa A. Knox Author-X-Name-First: Melissa A. Author-X-Name-Last: Knox Author-Name: Mahjuja M. Taznin Author-X-Name-First: Mahjuja M. Author-X-Name-Last: Taznin Title: Online platforms for classroom experiments: A primer for new adoptees Abstract: The use of experiments in the undergraduate economics classroom has been shown to have pedagogical value in increasing student learning and engagement, but the startup costs of adopting classroom experiments can be high for instructors. This article serves as a guide to adoption for the first-time user of computerized (online) classroom experiments. It covers the three major online classroom experiment platforms: MobLab, classEx, and VeconLab, and compares the use of online platforms to manual implementation of experiments. It also includes a discussion of which characteristics of online platforms determine their suitability for different classroom contexts and learning modalities and compares the three major platforms along these dimensions. Journal: The Journal of Economic Education Pages: 382-390 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2223538 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2223538 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:382-390 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2242338_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Anna A. Klis Author-X-Name-First: Anna A. Author-X-Name-Last: Klis Title: Inequality and Superfund sites: Using backward design, cooperative learning, and data integration in introductory environmental economics Abstract: Environmental justice is an important topic that can be better understood by using the tools of economics. The author of this article describes a data integration exercise that connects data available through government portals: the Environmental Protection Agency’s “Superfund Sites Where You Live” interactive map, data on Net Present Values from Superfund Records of Decisions (ROD), and FRED. Created with the principles of backward design, the exercise uses cooperative learning by having students take ownership of sites chosen for investigation, as well as build and test hypotheses regarding the relationship between per capita GDP and site location/cleanup cost. Journal: The Journal of Economic Education Pages: 407-417 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2242338 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2242338 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:407-417 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2246238_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Sam Allgood Author-X-Name-First: Sam Author-X-Name-Last: Allgood Title: Editorial statistics Journal: The Journal of Economic Education Pages: 453-453 Issue: 4 Volume: 54 Year: 2023 Month: 10 X-DOI: 10.1080/00220485.2023.2246238 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2246238 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:453-453 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2279634_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Jenny Bourne Author-X-Name-First: Jenny Author-X-Name-Last: Bourne Author-Name: Nathan D. Grawe Author-X-Name-First: Nathan D. Author-X-Name-Last: Grawe Author-Name: Michael Hemesath Author-X-Name-First: Michael Author-X-Name-Last: Hemesath Author-Name: Maya Jensen Author-X-Name-First: Maya Author-X-Name-Last: Jensen Title: Scholarly activity among economists at liberal arts colleges: A life cycle analysis Abstract: The authors of this article introduce a database of scholarship among liberal arts college (LAC) economists. Capturing publications across the life cycle, the data speak to questions unexplored in existing work and point to answers often contrary to popular wisdom. First, limited evidence of a rising tenure bar is found. Moreover, while some claim that LAC macroeconomists face particular publication hurdles, the authors observe similar levels of scholarship across the micro/macro divide. Finally, authors of publications outside ECONLIT are not interdisciplinary specialists. Rather, LAC economists who produce the greatest amount of work in indexed venues also make the largest contributions outside the discipline’s traditional boundaries. Journal: The Journal of Economic Education Pages: 85-103 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2279634 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2279634 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:85-103 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2274026_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Title: Educational technology for teaching economics–Where to start and how to grow? Abstract: New economics instructors face numerous challenges when selecting technology for their courses. Because economists teach at a variety of institutions with diverse student bodies and since technology continues to evolve, this article focuses on general principles that novice instructors should consider when selecting technology for their courses. One principle is that technology should support “deliberate practice,” which encompasses many types of active learning. Instructors should be aware of the various constraints they face, including the numerous cognitive challenges to effective teaching, limitations to their own “working memory,” and potentially limited resources of their students and institutions. The “Substitution, Augmentation, Modification, Redefinition” (SAMR) framework is introduced to explain how technology might influence instruction. Finally, instructors should learn how to optimally use the technology they select. Journal: The Journal of Economic Education Pages: 77-84 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2274026 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2274026 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:77-84 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2258876_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Mary Lopez Author-X-Name-First: Mary Author-X-Name-Last: Lopez Author-Name: Kirsten Wandschneider Author-X-Name-First: Kirsten Author-X-Name-Last: Wandschneider Title: How to belong: Inclusive pedagogical practices for beginning instructors of economics Abstract: The authors of this article demonstrate best practices for creating belonging in economics, which allows diverse students to feel respected and accepted within the discipline. Opportunities to connect with economics allow students to understand and be empowered by the value they add to the classroom. The suggested practices thus include providing students with ample opportunities to apply their economics knowledge to their own personal experiences and giving them the support that sustains interest in and a connection with economics. Introductory classroom practices that are most useful for new instructors of economics (Level I activities) are presented, followed by a discussion of the various ways that new instructors can build out these practices in future iterations of their courses (Level II activities). Journal: The Journal of Economic Education Pages: 41-53 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2258876 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2258876 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:41-53 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2249871_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: Roisin O’Sullivan Author-X-Name-First: Roisin Author-X-Name-Last: O’Sullivan Author-Name: Darshak Patel Author-X-Name-First: Darshak Author-X-Name-Last: Patel Title: If you only had five minutes: Best advice for new instructors of economics Abstract: Teaching a course in economics for the first time can be a daunting task, whether the instructor is a graduate student or a new faculty member in their first post-PhD years. In gauging what advice is considered most vital from among the plethora of potential sources, the authors surveyed seasoned economics instructors, asking respondents to distill their advice into what they could provide within a five-minute time constraint. Their responses were then processed with a mix of human perception and machine-based natural language processing. In this manner, they gained an understanding of what seems to matter the most when starting out in the economics classroom and thus provide usable insights for economic educators on both the giving and receiving end of the guidance process. Journal: The Journal of Economic Education Pages: 19-33 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2249871 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2249871 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:19-33 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2249886_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Gail M. Hoyt Author-X-Name-First: Gail M. Author-X-Name-Last: Hoyt Author-Name: Roisin O’Sullivan Author-X-Name-First: Roisin Author-X-Name-Last: O’Sullivan Title: If you only had two hours: Best advice for new instructors of economics Journal: The Journal of Economic Education Pages: 16-18 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2249886 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2249886 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:16-18 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2269142_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Carlos J. Asarta Author-X-Name-First: Carlos J. Author-X-Name-Last: Asarta Title: Student engagement and interaction in the economics classroom: Essentials for the novice economic educator Abstract: Faculty often report limited student engagement in their economics courses. This deficiency makes it challenging for educators to excite students about our field, a situation that could have ripple effects in terms of the number of students who graduate as economics majors. For students, the lack of classroom engagement makes it unappealing to attend lectures and may hamper their learning outcomes. This article offers essential ideas, tools, activities, and resources that have been carefully filtered, curated, and annotated to lower the startup costs for new economic educators to maximize student engagement and interactions in their economics classrooms. Additionally, the resources presented in this article can be leveraged by more seasoned educators looking for ways to take their teaching to the next level. Journal: The Journal of Economic Education Pages: 54-62 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2269142 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2269142 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:54-62 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2254756_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Jennifer Imazeki Author-X-Name-First: Jennifer Author-X-Name-Last: Imazeki Title: New instructor identity: Knowing yourself and knowing your audience Abstract: Effective communication is at the heart of good teaching, and one of the central tenets of effective communication is to know your audience. What often gets less attention is the need for good teachers to know themselves and consider how they are the same, or different from, their students. To build supportive relationships with students, instructors must be aware of the beliefs and assumptions they carry into the classroom because those beliefs inevitably influence virtually every pedagogical choice that instructors make. The author of this article provides advice and resources for new instructors to interrogate the beliefs they hold about their students, about teaching, and about their own identity as an economics instructor, and includes discussion of how these beliefs may manifest in pedagogical choices. Journal: The Journal of Economic Education Pages: 34-40 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2254756 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2254756 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:34-40 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2265941_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Gina C. Pieters Author-X-Name-First: Gina C. Author-X-Name-Last: Pieters Title: Designing effective assessments in economics courses: Guiding principles Abstract: Used correctly, assessments play a vital role in the success of a course: they provide valuable feedback to students regarding their knowledge gaps, encourage deeper understanding of the material, help students to develop critical thinking, and guide students to accomplish a course’s learning goals. They also provide a signal to future employers, graduate programs, or future course instructors about the quality of a student’s understanding of the material. Used incorrectly, assessments likely achieve none of these. To avoid the latter outcome, this article’s author helps new instructors by (1) summarizing pedagogical theory of sound assessment design, (2) applying it to assessment design in economics courses, and (3) assembling examples of assessments from the economics literature for instructors who may wish to experiment with different assignments. Journal: The Journal of Economic Education Pages: 63-76 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2265941 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2265941 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:63-76 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2261926_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Tisha L. N. Emerson Author-X-Name-First: Tisha L. N. Author-X-Name-Last: Emerson Author-Name: KimMarie McGoldrick Author-X-Name-First: KimMarie Author-X-Name-Last: McGoldrick Author-Name: Scott P. Simkins Author-X-Name-First: Scott P. Author-X-Name-Last: Simkins Title: The study of economics at HBCUs and PWIs Abstract: This article’s authors use student transcript data to identify differences in the study of economics among Black students at HBCUs and PWIs. The data show that a higher fraction of Black students at HBCUs initially intend to study economics, relative to those at PWIs (4.0% vs. 1.3% of micro principles enrollees) and persist in the major (9.4% vs. 3.8%). Logit analysis suggests that (1) academically stronger Black students are less likely to persist to an economics degree at both institution types and (2) Black female students at HBCUs are as equally likely to persist to a degree in economics as their male counterparts while those at PWIs are less likely to persist. Additional research is needed to determine the causal factors responsible for these outcomes. Journal: The Journal of Economic Education Pages: 1-15 Issue: 1 Volume: 55 Year: 2024 Month: 1 X-DOI: 10.1080/00220485.2023.2261926 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2261926 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:1:p:1-15 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2295284_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: William L. Goffe Author-X-Name-First: William L. Author-X-Name-Last: Goffe Author-Name: Scott A. Wolla Author-X-Name-First: Scott A. Author-X-Name-Last: Wolla Title: Cognitive science teaching strategies and literacy-targeted economics complementarities Abstract: This article’s authors describe both the advantages of a literacy-targeted introductory course and how it might be taught by employing evidence-based teaching practices developed by cognitive scientists to maximize learning. This pairing of literacy-focused content with evidence-based pedagogy is intended to enhance student learning while focusing on economic literacy rather than mastery of an encyclopedia of models. The literacy-targeted approach reduces the number of models and concepts introduced, therefore leaving more time for teaching strategies that increase comprehension and retention. The authors propose using two foundational economic models that can be utilized to illuminate a variety of economic concepts. These two models are illustrative of this approach, and others might be used. Frequent and varied use of these models deepens student understanding and lengthens retention. Journal: The Journal of Economic Education Pages: 156-165 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2023.2295284 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2295284 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:156-165 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2277768_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Wendy A. Stock Author-X-Name-First: Wendy A. Author-X-Name-Last: Stock Title: Who does (and does not) take introductory economics? Abstract: The author of this article summarizes which, when, where, and how students take introductory economics. Among students who began college in 2012, 74 percent never took economics, up from 62 percent in 2004. Fifteen percent of beginning college students in 2012 took some economics, and 12 percent were one-and-done students. About half of introductory economics students never took another economics class, and only about 2 percent majored in economics. The characteristics of one-and-done and some economics students are generally similar and closer to one another than to students with no economics. The implication is that efforts to diversify the profession should focus at least in part on attracting students who would otherwise not take introductory economics. Journal: The Journal of Economic Education Pages: 110-127 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2023.2277768 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2277768 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:110-127 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2289969_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Avi J. Cohen Author-X-Name-First: Avi J. Author-X-Name-Last: Cohen Author-Name: Wendy Stock Author-X-Name-First: Wendy Author-X-Name-Last: Stock Author-Name: Scott Wolla Author-X-Name-First: Scott Author-X-Name-Last: Wolla Title: Introduction to JEE symposium on “What should go into the only economics course students will ever take?” Journal: The Journal of Economic Education Pages: 107-109 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2023.2289969 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2289969 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:107-109 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2285451_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Mark Maier Author-X-Name-First: Mark Author-X-Name-Last: Maier Author-Name: Phil Ruder Author-X-Name-First: Phil Author-X-Name-Last: Ruder Title: Assessment to promote learning in a literacy-targeted (LT) economics course Abstract: The literacy-targeted (LT) introductory economics course seeks to reduce the quantity of economic concepts under study and increase students’ ability to apply those concepts to improve their own decisions and to make sense of economic news. The assessment strategy of the course must target students’ ability to transfer their conceptual knowledge to new situations. Assessments can include authentic and ill-structured problems. Frequent formative assessment with feedback gives students sufficient practice to develop deep understanding. Social learning pedagogy makes possible many more practice opportunities with immediate feedback than are possible in instructor-centered pedagogy. Regular writing assignments further develop students’ ability to apply economic concepts to real-world problems. Strategies from the writing across the curriculum (WAC) movement can limit the resulting increase in instructor workload. Journal: The Journal of Economic Education Pages: 146-155 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2023.2285451 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2285451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:146-155 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2282016_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Avi J. Cohen Author-X-Name-First: Avi J. Author-X-Name-Last: Cohen Title: What do we want students to (know and) be able to do: Learning outcomes, competencies, and content in literacy-targeted principles courses Abstract: Using the backward design model, the author of this article surveys and connects the economic competencies literature evolving from Hansen with the literature on literacy-targeted principles courses. He makes the case why departments should offer LT principles courses—which focus on higher-level mastery of a shorter list of concepts that students can apply throughout their lives—explains what students should be able to do after taking LT courses, and differentiates LT principles from existing “intro for non-majors” or “survey” courses. The author intends the article as a starting point for anyone interested in exploring or assessing the LT approach and suggests options for departments thinking about integrating LT principles into their course offerings. Journal: The Journal of Economic Education Pages: 128-145 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2023.2282016 File-URL: http://hdl.handle.net/10.1080/00220485.2023.2282016 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:128-145 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2311569_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: The Editors Title: Correction Journal: The Journal of Economic Education Pages: 189-189 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2024.2311569 File-URL: http://hdl.handle.net/10.1080/00220485.2024.2311569 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:189-189 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2309369_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Gary A. Hoover Author-X-Name-First: Gary A. Author-X-Name-Last: Hoover Author-Name: Ebonya Washington Author-X-Name-First: Ebonya Author-X-Name-Last: Washington Title: How LT principles can improve diversity, inclusiveness, and student interest Abstract: Economics has a well-documented problem with diversity. Literacy-targeted (LT) courses designed for a broader spectrum of students have the potential to help address the underrepresentation of women and racial/ethnic minorities in the discipline. The authors of this article explore how, by using the LT approach, introductory economics instructors can employ discussion, data, media reports, experiments, and other activities to broaden the applications of classroom content, including addressing issues of racism and discrimination. Journal: The Journal of Economic Education Pages: 178-188 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2024.2309369 File-URL: http://hdl.handle.net/10.1080/00220485.2024.2309369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:178-188 Template-Type: ReDIF-Article 1.0 # input file: VECE_A_2304896_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Jane Ihrig Author-X-Name-First: Jane Author-X-Name-Last: Ihrig Author-Name: Mary Clare Peate Author-X-Name-First: Mary Clare Author-X-Name-Last: Peate Author-Name: Scott Wolla Author-X-Name-First: Scott Author-X-Name-Last: Wolla Title: Curriculum lag challenges and strategies for LT principles: Lessons from closing the monetary policy curriculum gap Abstract: The authors of this article address the challenges faced in implementing a literacy-targeted (LT) approach in economic education. Despite research demonstrating the benefits of the LT approach, there is resistance to its adoption in classrooms and the publication of supporting textbooks and materials. They identify four key input areas that serve as obstacles to moving the LT approach from academia to classroom adoption—standards and assessments, classroom materials, textbooks, and instructor knowledge—and suggest strategies for addressing each obstacle within three distinct economic education markets. Drawing from a case study on updating monetary policy instruction, the authors propose that a simultaneous, active, and systematic approach is essential to drive change and promote the adoption of the LT approach in economic education. Journal: The Journal of Economic Education Pages: 166-177 Issue: 2 Volume: 55 Year: 2024 Month: 4 X-DOI: 10.1080/00220485.2024.2304896 File-URL: http://hdl.handle.net/10.1080/00220485.2024.2304896 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:166-177