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Asarta, Carlos J.; Mixon, Franklin G.; Upadhyaya, Kamal P. – Journal of Economic Education, 2018
In this pedagogical contribution the authors extend the traditional three-class tariff employed in the French passenger railway system with the more resonant story of the service quality variations associated with the three passenger classes of the ill-fated RMS "Titanic." In doing so, they provide economics instructors with an…
Descriptors: Economics Education, Microeconomics, Transportation, Films
Palm-Forster, Leah H.; Duke, Joshua M. – Journal of Economic Education, 2019
Traffic congestion and road tolls are familiar economic concepts for most undergraduates; however, students often have difficulty explaining exactly how theoretical principles like externalities and social welfare are related to their real-world experiences, such as driving. The authors present a classroom exercise to demonstrate how congestion…
Descriptors: Economics Education, Class Activities, Microeconomics, Transportation
Cortés, Darwin; Mantilla, César; Prada, Laura – Journal of Economic Education, 2023
The authors adapted a lab-in-the-field experiment emulating the dynamic extraction of a fishery to create a Web-based classroom experiment. The game includes a multi-player version analogous to an open-access problem and a single-player version analogous to the social planner problem. This game is helpful in introductory microeconomics courses to…
Descriptors: Web Based Instruction, Teaching Methods, Elective Courses, Animal Husbandry
Gourley, Patrick – Journal of Economic Education, 2018
The Coase Theorem is a fundamental tenet of environmental economics and is taught to thousands of principles of microeconomics students each year. Its counterintuitive conclusion, that a Pareto optimal solution can result between private parties regardless of the initial allocation of property rights over a scarce resource, is difficult for…
Descriptors: Economics Education, Microeconomics, Theories, Environmental Education
Morrison, William G. – Journal of Economic Education, 2016
In this article, the author describes an exercise in which two pricing problems (product bundling and the sharing of digital information goods) can be understood using the same analytical approach. The exercise allows students to calculate the correct numerical answers with relative ease, while the teaching plan demonstrates the importance of the…
Descriptors: Economics Education, Microeconomics, Learning Activities, College Instruction
Beaudin, Laura; Berdiev, Aziz N.; Kaminaga, Allison Shwachman; Mirmirani, Sam; Tebaldi, Edinaldo – Journal of Economic Education, 2017
The authors describe a unique approach to enhancing student learning at the introductory economics level that utilizes a multi-section, team-based competition. The competition is structured to supplement learning throughout the entire introductory course. Student teams are presented with current economic issues, trends, or events, and use economic…
Descriptors: Economics Education, Introductory Courses, Competition, Group Activities
Cutler, David M. – Journal of Economic Education, 2017
Health care is one of the economy's biggest industries, so it is natural that the health care industry should play some role in the teaching of introductory economics. There are many ways that health care can appear in such a context: in the teaching of microeconomics, as a macroeconomic issue, to learn about social welfare, and even to learn how…
Descriptors: Health Care Costs, Health Services, Economics Education, Microeconomics
Singh, Prakarsh; Guo, Hongye; Morales, Alvaro – Journal of Economic Education, 2015
The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original…
Descriptors: Economics Education, Undergraduate Students, Private Colleges, Student Research
Norman, Stephen; Schlaudraff, Jonathan; White, Karianne; Wills, Douglas – Journal of Economic Education, 2013
In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in…
Descriptors: Microeconomics, Economics Education, College Instruction, Models
Cannoy, Sherrie Drye – Journal of Applied Research for Business Instruction, 2015
Integrating interdisciplinary social studies topics and social responsibility concepts into a business education class can be meaningful for student learning. The discipline of social studies includes multiple areas such as economics, history, sociology, and anthropology. Social responsibility in a business sense means that companies are concerned…
Descriptors: Social Responsibility, Social Studies, Business Administration Education, Computer Science Education
Bernard, John C.; Yiannaka, Amalia – Journal of Economic Education, 2010
Although many students have some knowledge of patents, it can be difficult for them to understand the components of an innovator's decision-making process. Key issues, such as whether to patent or to use trade secrecy, how broad a scope to claim, and what to do in the event of patent infringement, can be difficult to grasp from a standard lecture.…
Descriptors: Intellectual Property, Decision Making, Class Activities, Economics Education
Johnson, Daniel K. N.; Lybecker, Kristina M.; Taylor, Corrine H. – Journal of Education for Business, 2011
The authors investigated whether the curricular structure of an economics course (semester, trimester, or compressed block schedule) has an effect on an undergraduate's subsequent retention of course material, while controlling for other relevant differences. They tested separately for theoretical or process comprehension and for graphical…
Descriptors: Testing Problems, Microeconomics, Macroeconomics, Retention (Psychology)
Bergman, Margo; Mateer, G. Dirk; Reksulak, Michael; Rork, Jonathan C.; Wilson, Rick K.; Zirkle, David – Journal of Economic Education, 2009
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 experiment compete for land use using a simple auction…
Descriptors: Economics, Urban Areas, Economics Education, Experiments
Bergstrom, Theodore C. – Journal of Economic Education, 2009
The author describes techniques that he uses to interactively teach economics principles. He describes an experiment on market entry and gives examples of applications of classroom clickers. Clicker applications include (a) collecting data about student preferences that can be used to construct demand curves and supply curves, (b) checking…
Descriptors: Economics Education, Microeconomics, Introductory Courses, Technology Uses in Education
Sawler, James – Journal of Economic Education, 2007
The introduction of the concept of network effects is useful at the principles level to facilitate discussions of the determinants of monopoly, the need for standards in high-tech industries, and the general complexity of real-world competition. The author describes a demonstration and an extension that help students understand how consumers make…
Descriptors: Demonstrations (Educational), Economics Education, Consumer Economics, Undergraduate Study