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Showing 1 to 15 of 46 results Save | Export
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Ghislain Nono Gueye; Jonathan R. Peterson – Journal of Economic Education, 2024
The authors present a Web application they designed in the R programming language as an experiential learning tool for teaching production theory. The app simulates production decisions where a manager is tasked to find the optimal mixture of inputs through experimentation. Users of the application are instructed to use calculations and intuitions…
Descriptors: Economics Education, Teaching Methods, Computer Oriented Programs, Programming Languages
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Davis, Leila E.; Gómez-Ramírez, Leopoldo – Journal of Economic Education, 2022
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…
Descriptors: Economics Education, Macroeconomics, Teaching Methods, Undergraduate Students
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Majd, Mariam; Page-Hoongrajok, Amanda – Journal of Economic Education, 2023
The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody's sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use…
Descriptors: Economics Education, Finance Occupations, Risk, Credit (Finance)
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Barreto, Humberto – Journal of Economic Education, 2018
The economics curriculum today does not emphasize the study of population. This needs to change immediately because we are in the midst of another demographic sea change, slamming on the brakes right after a rapid acceleration during the last half of the twentieth century. Instead of glibly tossing a dependency ratio onto a slide, this article…
Descriptors: Economics Education, Demography, Spreadsheets, Population Distribution
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Bhattacharya, Arghya; Jackson, Paul; Jenkins, Brian C. – Journal of Economic Education, 2018
The authors present a version of the Diamond-Mortensen-Pissarides model of unemployment that is accessible to undergraduates and preserve the dynamic structure of the original model. The model is solvable in closed form using basic algebra and admits a graphical representation useful for illustrating a variety of comparative statics. They show how…
Descriptors: Undergraduate Students, Economics Education, Unemployment, Models
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Smith, Ben O.; Wagner, Jamie – Journal of Economic Education, 2018
In 2016, Walstad and Wagner developed a procedure to split pre-test and post-test responses into four learning types: positive, negative, retained, and zero learning. This disaggregation is not only useful in academic studies; but also provides valuable insight to the practitioner: an instructor would take different mitigating actions in response…
Descriptors: Pretests Posttests, Value Added Models, Guessing (Tests), Monte Carlo Methods
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Dissanayake, Sahan T. M. – Journal of Economic Education, 2016
In this article, the author discusses how graphical simulation models created using STELLA software can be used to present natural resource systems in an intuitive way in undergraduate natural resource economics classes based on his experiences at a leading research university, a state university, and a leading liberal arts college in the United…
Descriptors: Natural Resources, Economics Education, Teaching Methods, Teaching Models
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Szymanski, Stefan – Journal of Economic Education, 2010
In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author…
Descriptors: Competition, Business, Team Sports, Decision Making
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Wells, Graeme – Journal of Economic Education, 2010
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…
Descriptors: Introductory Courses, Computer Simulation, Macroeconomics, Economic Climate
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Nicholson, Walter; Westhoff, Frank – Journal of Economic Education, 2009
General equilibrium models now play important roles in many fields of economics including tax policy, environmental regulation, international trade, and economic development. The intermediate microeconomics classroom has not kept pace with these trends, however. Microeconomics textbooks primarily focus on the insights that can be drawn from the…
Descriptors: Economic Development, Microeconomics, Computer Simulation, Economics Education
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Salemi, Michael K. – Journal of Economic Education, 2009
One of the most important challenges facing college instructors of economics is helping students engage. Engagement is particularly important in a large-enrollment Principles of Economics course, where it can help students achieve a long-lived understanding of how economists use basic economic ideas to look at the world. The author reports how…
Descriptors: Economics Education, Technology Uses in Education, Feedback (Response), Learner Engagement
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Lange, Carsten; Baylor, Amy L. – Journal of Economic Education, 2007
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…
Descriptors: Game Theory, Constructivism (Learning), Computer Assisted Instruction, Computer Software
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Grawe, Nathan D.; Watts, Michael, Ed. – Journal of Economic Education, 2007
The author introduces a simulation of counter-cyclical interventions that highlights important issues surrounding the practice of government intervention. The simulation provides experiential insight as to why economists have long debated the degree of persistence exhibited by disequilibrating shocks and connects this debate to discussions about…
Descriptors: Intervention, Economic Climate, Simulation, Government Role
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Smith, Donald J. – Journal of Economic Education, 1988
Presents the concepts of spot, forward, and futures markets, term structure, and arbitrage within the framework of an apartment complex in which each unit is a perfect substitute for every other. Attempts to illustrate how real markets work by describing the above concepts in terms of the market for apartments. (GEA)
Descriptors: Economics, Economics Education, High Schools, Higher Education
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Fraas, John W. – Journal of Economic Education, 1982
Describes a study which investigated the effectiveness of a simulation-gaming method of instruction to teach a college level introductory economics course. Also investigated were the interaction effects between student characteristics and the simulation-game as well as the lecture-discussion methods of instruction. (RM)
Descriptors: Economics Education, Educational Research, Higher Education, Lecture Method
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