Economics has become increasingly empirical and, alongside this shift, has come more demand for improved transparency and reproducibility in empirical economic research. In this article, we distribute a survey to almost 1500 economics faculty from the top 161 liberal arts colleges with an economics major (according to U.S. News & World Report)…

Economic man ("homo economicus") in the view of classical economics is an individual who is independent, autonomous, and rational, who pursue maximum satisfaction with minimum costs. However, as a human being, we often make irrational or unreasonable decisions because of cognitive biases. The irrationality of the individual due to…

The Alchian Maze uses active learning for teaching important economic concepts like spontaneous order and the power of profit and loss. While the game is an effective teaching tool, it is also cheap, low tech, and requires little advance preparation. The author of this article provides an overview on how to create and run an Alchian Maze. A number…

Wikipedia is not only a source of knowledge and a medium for communicating research but also opens new avenues for teaching in academia. In this article, the authors provide theoretical considerations and practical guidance for setting up a postgraduate economics course where students disseminate research on income inequality in Europe to a…

In this article we apply R, a free software, and recent stock-price data to illustrate the portfolio diversification concept, a corner stone of modern finance theory. Currently, recent stock-price data are available on the internet at no cost to users. By using current market data to construct realistic and authentic examples, student engagement…

The emerging field of social entrepreneurship seeks to address social challenges in environments where traditional public sector institutions are weak or absent. With its explicit focus on solving problems, social entrepreneurship is inherently interdisciplinary. A well-designed undergraduate course in social entrepreneurship can enhance…

Media bias is an important and underexplored feature of the economics of information. In this article, the author outlines two models that can be used to illustrate media bias in a policy-oriented undergraduate economics or public policy course. The models rely on relatively simple and intuitive underlying assumptions and draw on related empirical…

This paper studies the main determinants of salaries for economics students in their year-long industrial placements. Using three different sources of data on three cohorts of economics placement students, including demographic characteristics, academic performance, programme of studies and employability-related characteristics, we find that…

In this article, we have examined the effectiveness of teaching economics through project-based learning. For this purpose, we carried out an experiment at secondary schools in the Slovak Republic. We divided 123 students into control and experimental groups. In both groups, teaching was carried out on the same topic by the same teacher in the…

The authors of this article make a case for using Fink's (2013) taxonomy of significant learning in the economics classroom to improve standard-based economics education and to continue transforming the discipline to reduce social inequality along multiple dimensions, including gender, race, and class. Fink's framework is defined by student…

Social studies teacher candidates will be expected to teach or integrate economics content in their classrooms, yet there is a dearth of research on social studies teacher candidates' preparation to teach economics. This convergent mixed methods study developed an understanding of secondary social studies teacher candidates' economic pedagogical…

Social entrepreneurship is a research topic that has received great attention from academics especially in recent years. However, the results in the literature are far from univocal, for example, there is no clear conceptual delimitation of the term, and it is often analyzed using the same theoretical models of traditional entrepreneurship. With…

Bibliometric analysis, an approach introduced by the library and information sciences, attempts to unravel the relationships between a large number of scientific literature by using quantitative methods. "Economics of Education Review" was founded in 1981 to meet the needs of a growing number of research in the economics of education.…

This study uses data from the sixth national quinquennial survey on teaching and assessment methods in economics, also known as the "chalk and talk" survey, to examine, for the first time, how instructor, departmental, and institutional characteristics may contribute to the use of references to diversity, inclusion, and gender issues in…

The U.S. Department of Education advocates strongly using assessment of student learning as a means of maintaining high standards of education. Instructors use mostly multiple choice and discussion questions as assessment tools. The aim of this study was to evaluate the effectiveness of multiple-choice and discussion questions and participant…