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This is a classroom activity using the free ESPN Fantasy Baseball platform to draft players and the Out of the Park software ($40) to simulate a baseball season. The activity enhances learning of economic concepts of marginal product and competitive balance. It also improves the data literacy...
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Business students often have difficulty integrating economics reasoning into other business disciplines because of differences in the format and presentation of financial data across disciplines. Economics courses use one format while Accounting and other business courses use another. This paper...
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This article explores the effectiveness of applying a new multidimensional graphical method to the teaching and learning of economics. In essence, the paper extends the significance of multi-dimensional graphs to study any economic phenomenon from a multidimensional perspective. The paper...
Persistent link: https://www.econbiz.de/10010228348
This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...
Persistent link: https://www.econbiz.de/10011449896
This paper presents an exercise for introductory economics classes for high school and undergraduate students. The students create a “Value of Human Life” function. Assigning value to human life is a necessity in many situations, from tort law to the compensation of terrorism victims. Is it...
Persistent link: https://www.econbiz.de/10013117495
Using museum exhibits to engage students in experiential learning has not been largely explored by economists. Instructors can enhance the cognitive experience of students at the museum by tying the course content to appropriate exhibits, readings, activities and assessments. This can also lead...
Persistent link: https://www.econbiz.de/10012856973
ABC's “Shark Tank” fan base is rapidly growing beyond its TV audience. Teachers are beginning to discover its attraction for students and application to the classroom. Assignments and simulations based on the show engage students and make the concepts memorable. We help navigate five seasons...
Persistent link: https://www.econbiz.de/10013016127
Many individuals assert that in order for the field of financial planning to continue to expand its reach, influence, and recognition as a profession, pro bono efforts should be reinforced, expanded, and promoted. Current students in financial planning programs will be called upon to continue...
Persistent link: https://www.econbiz.de/10013025354