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In this study, it was found that economists were sensitive to different commodities based on their attitudes in terms of fairness toward the price mechanism, whereas non-economists did not exhibit significant sensitivity. This sensitivity was so strong that no self-selection effect could be...
Persistent link: https://www.econbiz.de/10010379898
While the IS/LM-AS/AD model is still the central tool of macroeconomic teaching it has been criticised by several economists. The model is unable to deal with a monetary policy that uses the interest rate as its operating target ( Romer [2000]). Walsh [2002] has criticised that it is not suited...
Persistent link: https://www.econbiz.de/10010498980
. (2016) find that current students still rank the show among their favorites. Building on the work of Duncan et al. (2020 …
Persistent link: https://www.econbiz.de/10012843069
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 … vertically integrated. Students compare the welfare implications of two potential solutions to the double marginalization problem …
Persistent link: https://www.econbiz.de/10012764636
attractive way of introducing the subject to new students …
Persistent link: https://www.econbiz.de/10012971831
comparative advantage. We test students who have been exposed to the typical textbook and classroom presentation of specialization … and trade with real but paradoxical situations where the same goods are both imported and exported by a country. Students …
Persistent link: https://www.econbiz.de/10013025969
Following the 2007-09 financial crisis, mainstream finance theory was criticized for failing to forecast the market crash, which resulted in large losses for investors. Has our finance theory, which many consider an idealization that does not take reality into account, failed investors? Do we...
Persistent link: https://www.econbiz.de/10013027354
start to improve the ability of students to intuitively relate to the regression model and to enable the teacher to present …
Persistent link: https://www.econbiz.de/10013144775
students will fail to understand most current economic literature. This will hinder their academic and professional … advancements. On the other hand, if he uses mathematics extensively, then the students might apply the mathematical techniques … complementary training tool promises a solution to the problem. Besides, it will improve the writing skill of the students and train …
Persistent link: https://www.econbiz.de/10014156486
Teaching economics has been shown to encourage students to defect in a prisoner's dilemma game. However, can ethics … students who had the ethics module had higher rates of cooperation than students without the ethics module, even after …
Persistent link: https://www.econbiz.de/10014034341