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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Title: Standards and Testing: Another View
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Author-Name: Geraldine Westmoreland
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Title: Student Response to Selective Grading in College Economics Courses
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Title: General Equilibrium in a Nutshell: An Explicit Function Example
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Title: Guidelines for a Classroom Presentation on Homelessness: A Demand and Supply Curve Analysis
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Title: On the Use of Symbolic Computation in Undergraduate Microeconomics Instruction
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Title: Building a Homepage for Your Economics Class
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Title: Using a Conceptual Matrix to Organize a Course in the History of Economic Thought
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Title: Critical Thinking: Some Problems with the Matrix Method
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Title: Calculus and the Teaching of Intermediate Microeconomics: Results from a Survey
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Title: Trends in Undergraduate Economics Degrees: A 1996--97 Update
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Title: Gender Economics Courses in Liberal Arts Colleges: Further Results
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Title: The Courtroom Comes to the Classroom: Estimating Economic Damages as an Instructional Device
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Author-Name: Warren Richards
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Title: The Senior Project: Using the Literature of Distinguished Economists
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Title: Teaching Introductory Economics With a Collaborative Learning Lab Component
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Title: Using The Merchant of Venice in Teaching Monetary Economics
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Title: A Connecticut Yankee in Estonia
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Title: The Meaning of Competition: A Graphical Exposition
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Title: Does the International Substitution Effect Help Explain the Slope of the Aggregate Demand Curve?
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Title: Service-Learning in Economics: A Detailed Application
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Title: LSAT Scores of Economics Majors
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Title: William B. Walstad and Phillip Saunders, eds. Teaching Undergraduate Economics: A Handbook for Instructors. New York: Irwin/McGraw-Hill, 1998. x + 368 pp
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Title: Gender and the Study of Economics: The Role of Gender of the Instructor
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Title: Using Electronic Data Tools in Writing Assignments
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Title: Net News—Old Wine in a New Bottle?
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Title: Using Groupware to Enhance Teaching and Learning in Undergraduate Economics
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Title: Teaching Fisher's Theory of Interest in a Simple Auction Setting
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Title: A Case Method for Teaching Statistics
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Title: A Critique of One-Tailed Hypothesis Test Procedures in Business and Economics Statistics Textbooks
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Title: Lumpy Demand and the Diagrammatics of Aggregation
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Title: The Viner--Wong Envelope Theorem
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Title: The Doctoral Origins of Economics Faculty and the Education of New Economics Doctorates
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Title: Peter Kennedy, A Guide to Econometrics. 4th ed. Cambridge: MIT Press, 1998. xii + 468 pp
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Title: Role Playing in the History of Economic Thought
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Title: Model GATT: A Role-Playing Simulation Course
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Title: Experience with Scripted Role Play in Environmental Economics
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Title: Using a TV Game Show to Explain the Concept of a Dominant Strategy
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Author-Name: Robert G. Houston
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Author-X-Name-Last: Houston
Title: The Paper River: A Demonstration of Externalities and Coase's Theorem
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Title: A Computer-Aided Exercise for Checking Novices' Understanding of Market Equilibrium Changes
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Issue: 2
Volume: 30
Year: 1999
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Title: Computer-Aided Instruction on the World Wide Web: The Third Generation
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Title: Identifying Voucher Plans without Welfare Losses
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Author-Name: Francis W. Rushing
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Author-X-Name-Last: Rushing
Title: Coverage of Entrepreneurship in Principles of Economics Textbooks: An Update
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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
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Issue: 2
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Author-X-Name-Last: Walstad
Title: The Longitudinal Effects of Economic Education on Teachers and Their Students
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Author-X-Name-First: Arnold
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Author-X-Name-First: William E.
Author-X-Name-Last: Becker
Title: Technology and the Teaching of Economics to Undergraduates
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Year: 1999
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Title: Macro Principles, PowerPoint, and the Internet: Four Years of the Good, the Bad, and the Ugly
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Issue: 3
Volume: 30
Year: 1999
Month: 1
X-DOI: 10.1080/00220489909595980
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Title: Developing an On-line Textbook: Question-led Teaching and the World Wide Web
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Issue: 3
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Author-Name: Kailash Khandke
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Author-X-Name-Last: Khandke
Title: Comment
Journal: The Journal of Economic Education
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Issue: 3
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Title: Using the Web to Improve Computer-Aided Instruction in Economics
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Issue: 3
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Author-Name: Jane H. Leuthold
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Author-X-Name-Last: Leuthold
Title: Comment
Journal: The Journal of Economic Education
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Issue: 3
Volume: 30
Year: 1999
Month: 1
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Author-X-Name-Last: Walbert
Title: Web-Based Learning Environments Guided by Principles of Good Teaching Practice
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Year: 1999
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Author-Name: Robert L. Moore
Author-X-Name-First: Robert L.
Author-X-Name-Last: Moore
Title: Comment
Journal: The Journal of Economic Education
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Issue: 3
Volume: 30
Year: 1999
Month: 1
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Title: Multimedia Instruction Methods
Journal: The Journal of Economic Education
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Issue: 3
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Year: 1999
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Title: Comment
Journal: The Journal of Economic Education
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Issue: 3
Volume: 30
Year: 1999
Month: 1
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Title: Comment
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Issue: 3
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Year: 1999
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Title: Promoting Active-Student Learning Using the World Wide Web in Economics Courses
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Title: Comment
Journal: The Journal of Economic Education
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Issue: 3
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Year: 1999
Month: 1
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Title: Comment
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Issue: 3
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Title: Teaching Principles of Economics without “Chalk and Talk”: The Experience of CNU Online
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Title: Comment
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Title: Comment
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Title: Econometrics Lectures in a Computer Classroom
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Author-X-Name-Last: Parker
Author-Name: Ebenge E. Usip
Author-X-Name-First: Ebenge E.
Author-X-Name-Last: Usip
Title: Comment
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Title: Trends in Undergraduate Economics Degrees, 1997--98
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Author-X-Name-Last: Sigmund
Title: Can We Control Cheating in the Classroom?
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Title: Grade Divergence as a Market Outcome
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Author-X-Name-Last: Nordhaus
Author-Name: Orley Ashenfelter
Author-X-Name-First: Orley
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Title: Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication
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Title: Teaching Keynes in the 21st Century
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Title: The IS-LM Model: Is There a Connection Between Slopes and the Effectiveness of Fiscal and Monetary Policy?
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Title: Oligopoly-An In-Class Economic Game
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Author-Name: Jeela Ganje
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Author-X-Name-Last: Ganje
Title: An Experiment with Official and Parallel Foreign Exchange Markets in a Developing Country
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Author-Name: Shireen E. Carroll
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Author-X-Name-Last: Carroll
Title: Assignments for a Writing-Intensive Economics Course
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Title: Market Failures and Efficiency in the Principles Course
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Title: Turning Merit Scores into Salaries
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Year: 1999
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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
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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
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Title: Resources for Economists on the Internet
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Title: Essential Principles of Economics: A Hypermedia Textbook
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Title: The Internet and the Inverted Classroom
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Title: An Evaluation of Collaborative Problem Solving for Learning Economics
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Title: Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment
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Title: Enhancing the Macroeconomics Course: An Experiential Learning Approach
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Title: Price Discrimination, Economies of Scale, and Profits
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Title: Forecasting Job Placements of Economics Graduate Students
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Title: The Status of Economics in the High School Curriculum
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Title: A Discrete-Time Hazard Analysis of the Role of Gender in Persistence in the Economics Major
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Title: Ten Cheaper Spades: Production Theory and Cost Curves in the Short Run
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Title: Pecuniary Effects, Second-Order Conditions, and the LRAC Curve
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Author-X-Name-Last: Skaggs
Title: Learning by Trial and Error: A Case for Moot Courts
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Title: Using a Geographic Information System to Teach Economics
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Title: Homo Economicus and the Salem Witch Trials
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Title: Integrating the Traditional Job-Market Research Seminar with Instruction in the Undergraduate Classroom
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Title: Interview Scheduling Strategies of New Ph.D. Economists
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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.
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Title: Web Instruction with the LBO Model
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Author-Name: Monica Capra
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Author-X-Name-Last: Capra
Title: Classroom Games: A Prisoner's Dilemma
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Title: A Free Entry and Exit Experiment
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Title: Using Groupware Software to Support Collaborative Learning in Economics
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Title: From Rhythm and Blues to Broadway: Using Music to Teach Economics
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Title: Credit Cards, Economization of Money, and Interest Rates
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Title: Undergraduate Economics Degree Trends Through the 1990s
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Title: Economic Time-Series Page
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File-URL: http://hdl.handle.net/10.1080/00220480009596790
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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/
ext-link>
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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:3:p:197-209
Template-Type: ReDIF-Article 1.0
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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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:325-339
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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
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# 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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:307-324
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# 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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:348-367
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# 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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:296-306
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# 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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:340-347
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# 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
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Handle: RePEc:taf:jeduce:v:53:y:2022:i:4:p:368-368
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:1:p:94-101
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:214-223
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:2:p:191-197
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:281-288
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:289-300
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:3:p:225-242
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:398-406
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:379-381
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:54:y:2023:i:4:p:453-453
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:107-109
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# 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
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# 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
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Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:128-145
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# 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
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Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:189-189
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# 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
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Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:178-188
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# 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
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Handle: RePEc:taf:jeduce:v:55:y:2024:i:2:p:166-177