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…

"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…

This active learning exercise demonstrates the fundamental problem in economics that resources are scarce, while wants are relatively infinite. Students are exposed to four mechanisms for rationing scare resources: markets, queue, coupons, and lottery. An Apple iPad® pre-loaded with music, videos, and games is used as the good to be rationed. The…

This Framework is built upon the foundation of the 2003 and 1997 "Massachusetts History and Social Science Curriculum Frameworks." Based in research on effective practice, it represents the contributions of members of the History and Social Science Curriculum Framework Review Panel, scholars who served as Content Advisors, and the more…

Educational games and simulations are excellent active learning tools that offer students hands-on experience. Little research is available on developing games and simulations and how teachers can be assisted in making their own games and simulations. In this context, the paper presents a multi-step process of how to develop games and simulations…

This note describes an interdisciplinary project designed to enhance students' knowledge of the basic techniques taught in a multivariable calculus course. The note discusses the four main requirements of the project and then the solutions for each requirement. Concepts covered include differentials, gradients, Lagrange multipliers, constrained…

In a statistics course for bachelor students in econometrics a new format was adopted in which students were encouraged to study more actively and in which cooperative learning and peer teaching was implemented. Students had to work in groups of two or three students where each group had to perform certain tasks. One of these tasks was: explaining…

Describes a modified version of the Paper River exercise that appeared in the spring 1999 journal issue. Illustrates the application of the Coase theorem for solving an externality problem. Indicates students share a single productive resource and work in groups rather than pairs as they did in the earlier version. (JEH)

Discusses the use of active learning within economics focusing on moot courts. Explains how moot courts fit into economics and presents examples of how moot courts can be used within law and economics, history of economic thought, and environmental economics courses. Highlights student perceptions of moot courts. Includes a bibliography. (CMK)

Outlines how students develop a price index based on candy-purchasing decisions made by class members. Explains that students used the index to practice calculating inflation rates and to consider the strengths and weaknesses of the consumer price index (CPI). States that the exercise has been used in introductory and intermediate macroeconomics…

Cites advantages of using computers and the World Wide Web in classroom simulations. Provides a sample simulation that teaches the basic economic principles of trade, investment, and public goods in the context of U.S. economic history. (JEH)

Contends that active learning allows students to become involved in learning by exploring issues and ideas under the guidance of the instructor. Describes the Market Game as an example of active learning that is an interactive game that simulates the behavior of a competitive market. Explores the students' reactions to the game. (CMK)

This paper provides a review of "Applied Economics," a curriculum package developed by Junior Achievement, Inc. (Colorado Springs, Colorado). The materials are used in high schools across the nation and provide students an opportunity to study economics, learn about the U.S. free enterprise system, and explore their roles as citizens,…

Describes a computer-assisted, interdisciplinary course in decision making developed to promote student participation and critical thinking. Students participate in 20 interactive exercises that utilize and illustrate psychological and economic concepts. Follow-up activities include receiving background information, group discussions, text…

When elementary students collaborate in active learning projects that integrate the social studies they greatly advance their literacy skills and civic awareness. They can improve their analysis and ability to solve social problems by using reading and writing to construct knowledge about historical events. In the lessons described in this…