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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...
Persistent link: https://www.econbiz.de/10014079945
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 draft chapter for the Elgar International Handbook on Teaching and Learning Economics is intended to give advice to instructors who might be teaching a history of economic thought course to undergraduates for the first time or who have perhaps been teaching for a while but would like to...
Persistent link: https://www.econbiz.de/10011603570
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...
Persistent link: https://www.econbiz.de/10009762659
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
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The paper proposes a framework for teaching adverse selection at the principles of economics level based on simple graphical and numerical arguments. The proposed approach is useful for putting the emphasis on the beliefs of individuals about the behavior of others and for considering thin...
Persistent link: https://www.econbiz.de/10014197468
Many economic topics can be presented either as a pure social science or as applications in business. Linear programming, production costs and factor productivity are among topics presented differently in economics and business courses. Gaps exist, such that students who come across the same...
Persistent link: https://www.econbiz.de/10014208517
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