The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the...

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...

An in-class game can be used to improve students' understanding of how a TDP program might work. There are, however, tradeoffs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from...

This paper describes how to run and implement 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 to the base form of the game are provided that can illustrate things...

Teaching technology effects on student learning in a large lecture introductory statistics course were tested. Findings show in-class personal response systems and on-line homework/quizzes significantly improve student exam scores. We infer proven small class techniques, participating in class...

Microeconomic principles courses focus on perfectly competitive markets far more than other market structures. Perhaps this is because perfect competition: (1) describes many important real world markets; or, (2) usefully approximates many markets that are not literally perfectly competitive; or...

The model of perfect competition from the perspective of an active learner. The story told about the competitive process is shown to be problematic when students try to reconstruct it for themselves. In particular it has great potential to generate cognitive dissonance. An alternative approach...

While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.

Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the quantitative strength of these two forces. We give a quantitative assessment of current IP policies. We...