Most lessons about sports in relationship to personal finance and economics showcase how professional athletes mismanage their millions. However, most students tend to view these same athletes as heroes and are inspired to follow in their footsteps, despite the cautionary tales. In this paper,...

We provide 11 short exercises that can be used in a principles of microeconomics classroom which incorporate media clips from the Economics Media Library. The exercises have been used in both small and large classroom settings and take less than 15 minutes to complete. These teaching guides can...

A new economic revolution liberating financial markets? Seeks to answer some of the questions driving the existential crisis embroiling finance: What is currency? What is value? What is a business? What is a bank, even?This article discusses how regulatory reform, transformative technologies,...

Economic educators interested in incorporating project-based learning can incorporate Econ Beats in their classrooms. Using student reported measures of learning we evaluate students' perception of the efficacy of Econ Beats, a project that requires students to remake popular music in to...

Innovative teaching in economic education has used media, music, and popular culture. We provide educators with a semester-long, interdisciplinary, collaborative, active learning project called Econ Beats. The project requires students from Economics to work with media students over an entire...

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...

Opportunity cost is considered to be a fundamental concept in economics. But the definition of the term continues to be controversial. I describe how the term is widely used in two distinct ways, both in the academic and non-academic literatures. I propose a practical way for educators to...

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...

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...

In this paper, the distinction between nominal and real income is highlighted by positing the existence of an imaginary “real dollar store.” In this store, all items are sold at a price of one dollar in the base year and the price of each is indexed to the cost of living. Hence, such...