Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables, one of which is a "bad," and one good's price is a…

Enrolments in undergraduate economics programs have been falling constantly since the early 1990s. This trend coincides with the increasing popularity of business and management degrees. Consequently, the major activity of many, if not most economics departments and schools in Australia is service teaching of introductory economics to first year…

Presents a brief classroom demonstration illustrating Bertrand price undercutting by outlining the experiment, discussing the game theory solution and experiences, and presenting related literatures. States that students remember the lesson because of the significant amounts of money each could have earned. (JEH)

Investigates differences across UK universities in 1993 life-sciences students' degree performance using individual-level data from the universities' Statistical Record. Analyzes differences across universities by specifying and estimating a subject-specific production function. Even after including a wide range of controls for the quality of…

A structural view of the microeconomics of education as a logically consistent whole is proposed, and research done on the subject since around 1960 is described. It is argued that the microeconomic theory of education could become an instrument for determination of appropriate forms of behavior in the classroom. (SLD)

Estimations of enrollment age and schooling duration for Tanzanian children revealed different patterns for boys and girls. Although girls have lower levels of education, they enroll earlier, either because of lower returns to preschool experience for girls or parental desire to prepare them for the marriage market as soon as possible. (SK)

In Australia, the authors learned it is common to ask one or more conference participants to summarize and assess the conference in a final "closing" session. They found the experience of serving as "closers" strangely similar to what students are asked to do in providing an overall assessment of a course or instructor at the…

This paper investigates which students delay taking a required developmental mathematics course and the impact of delay on student performance in introductory microeconomics. Analysis of a sample of 1462 students at a large Midwestern university revealed that, although developmental-level mathematics students did not reach the same level of…

States that often constant returns to scale are also much more and that many important results depend on the very special properties of this class of production function. Offers a unified set of simple proofs, employing only familiar diagrams and high school geometry, for most of the crucial analytical properties of constant returns production.…

Discusses four reasons why economic forecasting courses are important: (1) forecasting skills are in demand by businesses; (2) forecasters are in demand; (3) forecasting courses have positive externalities; (4) and forecasting provides a real-world context. Describes what should be taught in an economic forecasting course. (CMK)

Explores the importance of second-order conditions in the cost-minimization problem confronting the monopsonistic employer of factor inputs. Describes an alternative approach to the presence of pecuniary effects that does not depend on the assumption that firms are monopsonistic in factor markets. (CMK)

Presents a Web site that utilizes the Learning-by-Objective (LBO) model that integrates Internet tools for knowledge transmission, communication, and assessment of learning. Explains that the LBO model has been used in creating micro and macroeconomic course Web sites with WebCT software. (CMK)

Describes a computer-aided supplement to the introductory microeconomics course that enhances students' understanding with simulation-based tools for reviewing what they have learned from lectures and conventional textbooks about comparing market equilibria. Includes a discussion of students' learning progressions and retention after using the…

Describes an online, securities market, research tool, called Borsa, to engage students in the exploration of asset pricing in microeconomics courses. Defines Borsa as related database files served on the Internet using a dedicated IP address. Discusses practical considerations in running the market. Offers questions that arise from using the…

Interprets economic education broadly as any activity in which students think about economic reasoning and consider how people behave in an economical manner. Observes that, using this definition, economic education is widely practiced in Japanese elementary schools. Looks at the national Course of Study to illustrate the argument. (DSK)