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Direct linkMéndez-Carbajo, Diego; Asarta, Carlos J. – Journal of Economic Education, 2017
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…
Descriptors: Economics Education, Teaching Methods, Supply and Demand, Concept Teaching
