We extend upon Reeves (2020), who attempts to demonstrate that classical violations of the Law of Demand are in actuality the result of a violation of the ‘ceteris paribus’ assumption. For example, price changes in Giffen goods create a chain reaction from the Giffen good through a...

International comparisons of economic understanding generally require a translation of a standardized test written in English into our own languages. We suspect that test results can differ based on how the researcher translates the English written exam into one in his/her own language. In order...

Creating complex thinkers amongst a student body with developing critical thinking skills require strategies that help the student hold diverse views, understand alternative perspectives and be able to evaluate them. This paper describes a sequence of active learning activities centered on the...

The pedagogical value of graphical representations and analyses (GR and GA) in economics education is examined in a framework of top-down and bottom-up processes of thinking. We argue, with the support of two illustrative examples, that they are useful to the extent that they provide bridges...

Bitter Wine was the 23rd episode of the premiere season of the Emmy-nominated Western, Have Gun - Will Travel. Gun-for-hire Paladin settles an externality issue between a small scale vintner and neighboring oilman a la Coase, but two years before Coase's seminal paper. This 1958 episode acutely...

Economic courses pay little attention to the economic implications of insufficient rest. This paper identifies several Biblical references to the role of rest with economic implications, examining what the Bible says about the importance of rest for creation and contrasting this with the...

The education and application of skills in it is an essential prerequisite for the growth and development of each national economy in the future. Investing in education and skills development are essential incentive for raising the growth and competitiveness of each country and its participation...

In this Essay, I argue that the contemporary world requires an explicitly plural and flexible conception of economic self-determination and especially a broader vision of the economic “self” at its center. I contend that older dyadic understandings of economic self-determination, formed...

This paper suggests the use of Russian proverbs related to money to engage Russian-speaking students in the business classroom. Russian proverbs enhance teaching by appealing to Russian students' cultural background, by presenting ideas in a concise and memorable way, and by creating a...

Dissatisfaction with the use of multiple choice tests as a means of evaluating the comprehension of students led to experimentation with a hybrid form that combined multiple choice questions with written explanations for why the particular answer was chosen. A comparison of the multiple choice...