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Analogies can simplify complex new material by relating it to ideas students already know. Making cross-disciplinary connections also makes the material more engaging, accessible and memorable. In this study, we perform a controlled empirical test to examine whether providing cross-discipline...
Persistent link: https://www.econbiz.de/10015411580
Superstore follows a group of employees working at Cloud 9, a fictional big-box retailer in Missouri. The show also portrays an abundance of scenes that can be used to teach economics at the undergraduate level. We analyze four particular episodes that are rich in teaching content, but also...
Persistent link: https://www.econbiz.de/10012831459
Breaking Bad is currently ranked fifth by the Internet Movie Database's (IMDB) Top 250 television shows based on user rankings and second among 100 shows reviewed by The Hollywood Reporter. Despise the series ending in 2013, Al-Bahrani et al. (2016) find that current students still rank the show...
Persistent link: https://www.econbiz.de/10012843069
Economics is permeated with value judgements, and removing them would be neither possible nor desirable. They are consequential, in the sense that they have a sizeable impact on economists’ output. Yet many economists may not even realise they are there. This paper surveys ways in which values...
Persistent link: https://www.econbiz.de/10014343872
The commonly used method for representing macroeconomics as a social system is by assuming the existence of a number of agencies (or entities) and of their various connecting links. In practice this is achieved and illustrated by the use of a block-and-flow diagram. For the case being considered...
Persistent link: https://www.econbiz.de/10012971831
This classroom experiment introduces students to the concept of double marginalization, i.e., the exercise of market power at successive vertical layers in a supply chain. By taking on roles of firms, students determine how the mark-ups are set at each successive production stage. They learn...
Persistent link: https://www.econbiz.de/10012764636
This paper argues that the current way in which the undergraduate introductory econometrics course is taught is neither inline with current empirical practice nor very intuitive. It proposes a shift in focus of the course on causal inference using the Roy-Rubin Causal Model (RRCM). A second...
Persistent link: https://www.econbiz.de/10013144775
The purpose of this review is to examine what the existing literature say about the current teaching practices in economics, and what alternative ways might exist besides the predominant lecture method. Reviewing literature on teaching economics is also important for determining best practices...
Persistent link: https://www.econbiz.de/10014055680
Teaching economics has been shown to encourage students to defect in a prisoner's dilemma game. However, can ethics training reverse that effect and promote cooperation? We conducted an experiment to answer this question. We found that students who had the ethics module had higher rates of...
Persistent link: https://www.econbiz.de/10014034341
This series of three classroom experiments demonstrates the tragedy of the commons and suggests two possible solutions: communication and individual property rights. In the first and second experiments, students jointly own a renewable resource in the form of a plate of M&Ms. Communication is...
Persistent link: https://www.econbiz.de/10014069972