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This note provides a modern story for principles instructors to use as a supplement to textbook accounts of problems associated with externalities and the applicability of the Coase theorem. Our story begins in July of 1988, when Larry Ellison paid $3.9 million for a home in the Pacific Heights...
Persistent link: https://www.econbiz.de/10011107486
This brief note develops a pedagogically useful new (albeit still rudimentary) way of teaching the free-rider concept. This simple approach applies the familiar tools of indifference curve analysis to the topic at hand. Since so many students of economics are well versed in indifference curves,...
Persistent link: https://www.econbiz.de/10011109342
Standardized test (TUCE) scores for students enrolled in a Social Issues course were compared to those of students in traditional Principles of Economics courses within the framework of a standard educational production function. The production function was estimated using Heckman's two-step...
Persistent link: https://www.econbiz.de/10011110288
education is an emerging pedagogy that is gaining ascendancy and relevance both in theory and practice. The pedagogy is … longer be the dominant epistemology. This paper discusses how Case-In-Point Pedagogy can be used in teaching organizational … leadership. The discussions are based on Ron Heifetz’ Case-In-Point Pedagogy as situated in the realist ontological frameworks of …
Persistent link: https://www.econbiz.de/10011111654
The purpose of this pedagogical study is to provide a straightforward and easily understood framework that can be used to teach the economic behavior underlying income tax evasion. We begin with presenting a brief background that reflects the research that had been done, especially for the case...
Persistent link: https://www.econbiz.de/10011112673
James M. Buchanan has argued that the primary role that the economist plays in society is a pedagogical one. The job of the economists is to teach students the principles of economics, most notably an understanding of spontaneous order and the role of the price system in generating that order...
Persistent link: https://www.econbiz.de/10009283803
This research borders on assessing teachers’ competences in the use of ICT tools in teaching and research in Nigeria. Two common ICTs: the computer and the internet were selected, and the skills and attitudes of teachers in 7 Nigerian higher Institutions were assessed. About 760 questionnaires...
Persistent link: https://www.econbiz.de/10008681000
We focus on four previous systemic financial crises that the United States has experienced since 1870. These include the crisis of 1873 (called the Great Depression until the 1930s), the 1893 crisis, the panic of 1907, and the Great Depression. Given that all of the earlier crises predate the...
Persistent link: https://www.econbiz.de/10011110861
Review of Immigrant Networks and Social Capital by Carl L. Bankston III. Cambridge, UK, and Malden, MA: Polity.
Persistent link: https://www.econbiz.de/10011168475
The present paper aims to study the causal relationship between the US and Indian equity markets using Johansen’s cointegration and variance decomposition analyses. Since the opening up of the economy and subsequent economic and political reforms, India has made tremendous strides in the...
Persistent link: https://www.econbiz.de/10011257845