Over the last four decades since Baumol's 1968 critique, there has been some progress in incorporating entrepreneurship into principles of economics texts. However, the critical roles of entrepreneurs in creating, operating, and destroying markets are generally either absent or relegated to...

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...

The author presents an enhanced version of Bergstrom and Miller's (Bergstrom, T.C. and J.H. Miller. 1999. Experiments with Economic Principles: Microeconomics Irwin McGraw-Hill: Boston) bargaining experiment. This improved version is simpler to implement and generates a more robust classroom...

A traditional teaching method, “chalk and talk,” may not help students to develop their ability to think logically and therefore students cannot be effective problem solvers. This paper examines the effect of a combination of two teaching methods: cooperative learning with a think-pair-share...

A mini writing project on economics concepts is developed for undergraduate introductory economics courses. The design of the mini-paper format ensures all students receive the same level of workload regardless the variety of assigned topics. The match of each mini-paper topic to its relevant...

This paper discusses using a particular Excel assignment in a Corporate Finance course at the undergraduate and graduate level. Excel worksheets allow students to more readily see interactions between concepts, and a finance major who is sufficiently skilled in Excel has an advantage entering...

Purpose – This paper aims to share experiences in teaching a Financial Accounting Principles course using a hybrid problem based learning (PBL) method. The three specific objectives of this paper are to document how the PBL project for this course was developed and managed in class, to compare...

Many popular macroeconomics textbooks have recently adopted the dynamic aggregate demand – aggregate supply framework to analyze business cycle fluctuations and the effects of monetary policy. This brings the textbook treatment much closer to the research frontier, although one major...

In order to be effective teachers, we need to motivate our students, which means we need to know how they respond to incentives. Are they output-maximizers and early success encourages them to work harder for the greater reward? Or are they cost-minimizers and early success tells them they can...

Introductory economics textbook models and theories are simple, intuitive, and elegant. Another thing they have in common is they are not supported by the data. Textbook models such as exchange rate determination are reviewed and compared to empirical literature. It is argued that much of the...