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…

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…

Describes the development of two interactive computer simulations which were fully integrated with other course materials. The simulations illustrate the effects of various real and monetary "demand shocks" on aggregate income, interest rates, and components of spending and economic output. Includes an evaluation of the simulations'…

Describes the disadvantages of using "canned" simulations as a part of an undergraduate economics course. Identifies four advantages of having students develop their own computer simulation models. Outlines the model-building process and displays a sample program. (JDH)

This article describes an economic model dealing with the demand for money and a microcomputer program which enables students to experiment with cash management techniques. By simulating personal experiences, the program teaches how changes in income, interest rates, and charges for exchanging bonds and cash affect money demand. (Author/JDH)

Illustrates different types of opportunities for using computer assisted instruction (CAI) on personal computers in the teaching of economics with four examples of currently available software. Describes the difficulties in providing and supporting CAI, and concludes with an analysis of the difficulties caused by the "public goods character" of…

Describes the Financial System Simulator game, an Internet-based, interactive teaching aid that introduces undergraduate students to the domestic and international consequences of monetary policy. States that student surveys indicate the game keeps learners motivated and interested and helps them understand monetary policy. (JEH)

A rationale is developed for use of computerized Monte Carlo simulation models in the economics and finance curricula. (Author)

Existing computer programs for use in business and economics courses are analyzed and recommendations are made for needed research into the utilization of simulation models in the classroom. (JB)

Student learning of macroeconomic principles by computer assisted instruction is compared to student performance by conventional methods. (KM)

Identifies a Web site providing information about stock market simulations for high school economics courses. Divides the information into two tables: (1) the structure of online stock market games; and (2) the determination of portfolio values of online stock market games. States that changes and updates are available at Web sites. (JEH)

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)

Presents an instructional system that integrates computer simulation and computer graphics for economic models presented as equation systems. Describes the Model Laboratory System, an instructional system, developed at the University of Wisconsin at La Crosse. (DB)

Describes the liberal arts, computer laboratory-based economics program at Denison University (Ohio). Includes as goals helping students to (1) understand deductive arguments, (2) learn to apply theory in real-world situations, and (3) test and modify theory when necessary. Notes that the program combines computer laboratory experiments for…

Describes the use of a computer simulation, "The Competitive Edge," in a college-level course in labor relations. Describes the content, implementation procedures, and assessment design of the simulation. Concludes that, although some improvements could be made, the program is a valuable and useful simulation of labor market decision…