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…

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…

Focuses on the effect of interest rates on the increased use of credit cards, a popular method of financing households. Uses three models to demonstrate that interest rates must rise, resulting in increased consumption expenditures. (CMK)

Illustrates the bias of the ordinary least squares (OLS) estimator for the first-order stochastic difference equations. Utilizes a small letter y denote a value of the corresponding random variable Y because it is important for students to distinguish a random variable from its realization. (CMK)

Outlines principles that guide a successful undergraduate economics honors program: simplicity, accessibility, skill development, risk minimization, and incentives to combat procrastination. Describes a model which specifies three of the usual six electives and requires a senior thesis that makes an original contribution to economics…