The author investigates the learning efficiency of economic experiments, an innovative instructional tool that re-creates the outside world within the classroom. This tool enables the instructor to create an economic environment whereby students experience how their decisions and interactions create the market forces predicted by the economic…

The author focused on solving problems of third-degree price discrimination under a monopoly by integrating microeconomic theory and spreadsheet modeling. Price discrimination refers to a firm situation in which the same good is sold to different groups of consumers at different prices. First, the author included an introductory math background…

Using data from 11 institutions, the authors investigate enrollments in intermediate microeconomics to determine characteristics of successful and unsuccessful students and follow the retake behavior of unsuccessful students. Successful students are significantly different from unsuccessful ones, and unsuccessful students differ by type…

In this article, the author explores how the growing interest in creativity and entrepreneurialism, argued as primary 21st-century skills (Florida, 2002), encourages a focus on the competitive individual and a belief in scarcity. She proposes that we de-emphasize market-based success characterized by individuality, competition, and efficiency to…

In the early 1940s, Black artist Jacob Lawrence painted a series of 60 panels that are now collectively called "The Migration Series." The panels tell the story of how Black Americans migrated from the South to the North, beginning with World War I. The panels provide an uncommon example of the intersection of economics, Black American…

One of the fundamental topics taught in the microeconomics class is minimizing economic costs. It includes understanding the concept of derivatives and applying them. However, most of the first-year undergraduate students find calculus difficult to understand, which also results in poor knowledge of optimization. We use the method based on the…

This study highlights the importance of metacognitive awareness of economics students and examines the relationship between Problem-Based Learning (PBL) and Metacognitive awareness among economics students. This research was conducted in the Faculty of Economics, Universitas Negeri Malang of Indonesia by employing economics students as the subject…

The authors of this article estimate the learning effects of the flipped classroom format using data from 16 sections of principles of microeconomics over a 4-year period. The experimental design is unique in that two treatment and two control sections were taught during the fall semester in four consecutive years. Further, the instructor switched…

Playfulness as a learning technique is applied into the present research in a group of adult learners. Initially, a game scenario was designed and implemented for the subject of microeconomics. Following a qualitative research methodology, through observation and interviews with ten participants before and after the playful activity, the results…

The use of online courses has expanded dramatically at institutions of higher education over the last several decades. Appropriate design of an online course is instrumental in determining the quality of the student experience and the amount of material students retain from the class. However, the instructor has a tremendous amount of freedom when…

The authors use a capital budgeting example to show students how to incorporate price elasticity into financial analysis as an application of what students learn in their microeconomics course. They present simple as well as more advanced price-quantity relationships, and using various "what-if" scenarios; the authors show how risk…

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…

Decades of research has shown that spacing practice trials over time can improve later memory, but there are few concrete recommendations concerning how to optimally space practice. We show that existing recommendations are inherently suboptimal due to their insensitivity to time costs and individual- and item-level differences. We introduce an…

Decades of research has shown that spacing practice trials over time can improve later memory, but there are few concrete recommendations concerning how to optimally space practice. We show that existing recommendations are inherently suboptimal due to their insensitivity to time costs and individual- and item-level differences. We introduce an…

Supported by the Learning by Giving Foundation or other philanthropic sources, many college courses are allowing students to give away charitable grants to nonprofit organizations. In this article, the author shares the experience of a Learning by Giving Economics of Altruism class taught at an introductory level. The class is taught using best…