The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody's sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use…

Background: Formative assessments are vital for supporting learning and performance but are also considered to increase the workload of teachers. As self-assessments in higher education are increasingly facilitated via digital learning environments allowing to offer direct feedback and tracking students' digital learning behaviour these…

Retention, or readmission as it is commonly known in the case of the University of Dhaka--the largest public university in Bangladesh--has gradually been becoming more of an important educational issue as Bangladesh moves toward her development goals and the education system struggles to keep up. This study is an institutional departmental case…

Current educational research demonstrates the importance of equipping students to be active participants in their own learning. However, more work is needed to provide students with the metacognitive skills necessary to engage in Self-Regulated Learning (SRL). Feedback is a crucial component of the learning process and can be used by students to…

Teaching students to use critical thinking skills is a popular goal of many economics courses. But what does "critical thinking" really mean, and how is it implemented? This article considers various interpretations of "critical thinking" and distinguishes "big-think" from "little-think" critical thinking,…

Economists receive high social recognition in media, politics and business discourses where they often obtain a status as 'star economists' and 'financial prophets'. This paper investigates the social conditions that make the formation of size in the economic sciences possible. It analyses the "institutional constraints,"…

The limitation of face-to-face meetings imposed by the COVID-19 pandemic has encouraged education environment to develop learning models with technology which can be integrated with Electronic-Problem-Based Learning (E-PBL). The study revealed whether the E-PBL Model, significantly affected (1) motivation, (2) learning interest, (3) achievement,…

The topic of the Federal Reserve's (the Fed's) implementation of monetary policy has a significant presence in economics textbooks. Unfortunately, as the Fed purposefully shifted the way it implements monetary policy to an environment with ample reserves in the banking system, many textbooks have not kept up. The authors walk through the key…

Film and video clips have been used in the classroom to bring economic concepts to life. The authors use the 2015 film "Joy" to animate Joseph Schumpeter's "The Theory of Economic Development," a foundational text on the theory of innovation and entrepreneurship that remains relevant for students today. They outline…

Students of introductory economics are often able to predict changes in equilibrium price correctly on standardized assessments, but make consistent errors in predicting changes in equilibrium quantity. To examine the reasons for this pattern, the authors collected open-ended explanations written by students and categorized their reasoning using a…

In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain…

In this article, the author describes the practice of active learning with Federal Reserve Economic Data (FRED). First, he outlines the broad intellectual context of learning with and about economic data, summarizing the recent scholarly contributions made to the topic. Next, the author presents several strategies for teaching with FRED in the…

Textbooks provide students with models of written scientific literacy and also access to a wide range of knowledge. However, deconstructing their text structures which has potential contribution to facilitating students' reading comprehension receives lack of attention. The present study is to classify the genres and their generic structures…

The author of this article provides a framework for using readings outside of the textbook to increase engagement with topics in labor economics, to aid in the development of research skills, and prepare students to create a scholarly research proposal. The outside readings used in this course are academic journal articles. The students are…

The author of this article presents an innovative economics course based on current events and news, using "The Economist" as the primary course text. The course constructs shared learning around news in real time to inspire and excite students' ability to see economics in their world. The course supports Allgood and Bayer's…