The author of this article provides an example of how one might incorporate behavioral economics into teaching macroeconomics or labor economics at an undergraduate level. The focus is on two macroeconomic concepts--wage determination and the Phillips curve--and shows that the implications and conclusions of both models differ from their textbook…

In the early 1940s, Black artist Jacob Lawrence painted a series of 60 panels that are now collectively called "The Migration Series." The panels tell the story of how Black Americans migrated from the South to the North, beginning with World War I. The panels provide an uncommon example of the intersection of economics, Black American…

As a new sustainable alternative to linear economics, the circular economy (CE) is bound to be accompanied by the requirements of the existing production model, science and technology, as well as the public perception of CE. To expose the potential impact of higher education on CE transition, this study systematically reviewed the relevant…

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'…

Understanding students' attitudes towards a subject is crucial for optimising their learning experiences. Exploring the impact of different teaching methods on these attitudes remains an underexplored yet vital aspect. This study delves into the effects of the flipped classroom model on students' attitudes towards Econometrics. The research…

This paper analyses whether using analogies to integrate knowledge from other scientific areas increases the level of accounting knowledge. We defined two sets of analogies, one between the physical states of water and the economic and cash flows, and another between the concepts of stock, flow and feedback that were taken from the System Dynamics…

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…

Economics has become increasingly empirical and, alongside this shift, has come more demand for improved transparency and reproducibility in empirical economic research. In this article, we distribute a survey to almost 1500 economics faculty from the top 161 liberal arts colleges with an economics major (according to U.S. News & World Report)…

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…

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…

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…

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…

The COVID-19 pandemic uniquely affected nearly all the subject matter in a typical principles of macroeconomics class. Fluctuations in the basic macroeconomic data in the COVID era were staggering and offer new teaching opportunities. In addition, because the recession was primarily driven by supply side shocks, the entire episode offers a unique…

This paper uses the PBS Nova show "Mind Over Money" to introduce a number of topics in behavioral finance. Instructors can also use the video as a jumping off point for expanding the discussion to the "second generation" of behavioral finance, where many of the decisions that differ from what are considered optimal are due to…

This research aimed to investigate the impact of Simulation-Based Learning (SBL), specifically within the Model United Nations (MUN) framework, on enhancing critical thinking and improving academic performance in a sample of 42 undergraduate students studying International Relations at a university in Northern Colombia. The objectives were to…