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Golden Rule of Forecasting: Be conservative

Armstrong, J. Scott; Green, Kesten C.; Graefe, Andreas - Volkswirtschaftliche Fakultät, … - 2014

This paper proposes a unifying theory of forecasting in the form of a Golden Rule of Forecasting. The Golden Rule is to be conservative. A conservative forecast is consistent with cumulative knowledge about the present and the past. To be conservative, forecasters must seek all knowledge...

Persistent link: https://www.econbiz.de/10011257908

Teaching economics, appreciating spontaneous order, and economics as a public science

Boettke, Peter - Volkswirtschaftliche Fakultät, … - 2010

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

Pattern of Computer and Internet Use among Teachers in Higher Institutions in Nigeria

Awoleye, Michael; Siyanbola, William; Egbetokun, Abiodun A. - Volkswirtschaftliche Fakultät, … - 2008

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

Can't See the Tacking for the Trees? Try a Coasian Solution

Beaulier, Scott; Mixon, Franklin; Cebula, Richard - Volkswirtschaftliche Fakultät, … - 2013

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

The Free-Rider Problem: A Pedagogical Note (Using Indifference Curve Technology)

Cebula, Richard; Belton, Willie; McLeod, John - Volkswirtschaftliche Fakultät, … - 1994

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

The social issues pedagogy vs. the traditional principles of economics: an empirical examination

Grimes, Paul W.; Nelson, Paul S. - Volkswirtschaftliche Fakultät, … - 1998

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

The Theory and Practice of Case-In-Point Teaching of Organizational Leadership

Robert, Yawson - Volkswirtschaftliche Fakultät, … - 2014

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

Teaching the Economics of Income Tax Evasion

Cebula, Richard; Foley, Maggie - Volkswirtschaftliche Fakultät, … - 2013

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