Presently, it is widely accepted that the particular utility function first reported by Wold and Juréen (1953), and later by Weber (1997), is capable of generating a Giffen good. This note challenges this view by showing that this Wold-Juréen (1953) utility function is not well-behaved, and...

The literature on active learning and engaging pedagogy has grown since the turn of the century when William Becker challenged the economics education community to be “sexier” in order to attract more majors. While the effectiveness of teaching methods has been understudied, the available...

This paper investigates the six textbooks most commonly adopted in U.S. undergraduate money and banking courses for how they describe the influences that commercial banks and central banks have on macroeconomic stability. We examine seven topics: (1) the inherent stability of banks, bank runs,...

Breaking Bad is currently ranked fifth by the Internet Movie Database's (IMDB) Top 250 television shows based on user rankings and second among 100 shows reviewed by The Hollywood Reporter. Despise the series ending in 2013, Al-Bahrani et al. (2016) find that current students still rank the show...

Developing pro-forma financial statements and associated financial analysis is an important undertaking for new and existing business alike. This paper reports user experiences with a spreadsheet-based method for developing pro-forma financial statements as developed in Jalbert (2017). The paper...

In quot;Ten Cheaper Spadesquot;, Richard Miller argues that the analysis of production and cost presented in the principles and intermediate microeconomics courses does not accurately describe manufacturing reality and is not supported by empirical estimation of cost curves. He proposes an...

This is an original, hypothetical case study to be used for teaching quot;arithmetically aversequot; students of all ages. Chapter one has already been posted on SSRN. This chapter, a continuation of the quot;Robin Hood and His Outliers Saga, an Introduction to Basic Statistics,quot; illustrates...

Consider two random variables X and Y. In initial probability and statistics courses, a discussion of various concepts of dissociation between X and Y is customary. These concepts typically involve independence and uncorrelatedness. An example is shown where E(Y^n|X) = E(Y^n) and E(X^n|Y) =...