Economics and business students are taught that sunk costs are irrelevant to their decisions. Yet, there is ample evidence that managers fail to integrate this simple rule and fall prey to what is known as the sunk-costs bias. To mitigate cognitive biases, such as the sunk-cost bias, educators must raise students' awareness of these common…

As community-based research (CBR) is gaining recognition as a high impact practice at colleges and universities across the country, it is increasingly important to develop a repertoire of best practices. This article describes a CBR project to estimate the incomes required for various families in a local community to satisfy their basic needs…

This piece builds upon literature using media to teach not only college students in economics, social justice, and sociology, but also those college students in family and interpersonal communication as well. I provide a resource aimed to engage and expand students' understanding thoughtfully of two well-known family communication and…

In this study, the author describes a classroom experiment on new trade theory appropriate for undergraduate international economics and trade courses. Students portray U.S. and Japanese automobile manufacturers with different average cost schedules. There are five rounds in the experiment, starting with autarky in the 1960s and ending with the…

The author discusses how to teach students to extend economic models using in-class scaffolding assignments, supported by discussions and workshops. Methods include discussions of a model's strengths and weaknesses; small group, in-class assignments that provide steps toward model extension; informal presentations of the work resulting from these…

Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009-10 through 2012-13, increased rapidly (almost 15 percent) over the two years from 2012-13 through 2014-15, but have again leveled off in 2015-16.

Teaching about economics and business has a long tradition in geography. Planning the optimal site for a business or service in a community; examining the demographics and behavior of a certain target market; studying supply chain management to build a specific product such as a mobile phone or a piece of furniture; and examining median income by…

Introductory textbooks teach a simple normative story about the importance of maximizing economic surplus that supports common policy claims. There is little defense of the claim that maximizing surplus is normatively important, which is not obvious to non-economists. Difficulties with the claim that society should maximize surplus are generally…

There is considerable concern today about sustaining home economics/family and consumer sciences studies (HE/FCS) in a political and economic climate where support for programs is diminishing. This paper proposes that HE/FCS educators and scholars look to the past in seeking directions for the future. In particular, it draws from the work of Alice…

The author's objective for this reply in reexamining opportunity cost was to draw attention to two conflicting definitions of the concept in current use and to argue the case for dropping one of them. The comments of Daniel Arce, Rod O'Donnell, and Daniel Stone might be read as demonstration that the author has failed on both counts. Such a…

To help ESP college instructors improve the English curriculum taught at polytechnic institutes, colleges and universities, the current study proposes a model for designing English for Polytechnic Purposes (EPP) courses for undergraduate students majoring in mechanical engineering, chemistry, technology, economics, textile industry and other…

Purpose: A modern trend in the educational environment in recent years has been the permanent education system with the involvement of online study modes. It is based on multidisciplinarity and adaptivity of educational technologies, starting with the basic level of education -- bachelor's degree, and ending with gaining competences in the field…

The authors present a semester-long game to teach the role of economics in natural resources management. The game is framed within a fisheries context: multiple student fisheries harvest fish to maximize yield/profit, which is measured using a piecewise linear function. There are prizes for both the student and the group with the highest…

The authors of this article describe an empirical research project as a component of an upper-level undergraduate economics writing-in-the-discipline course, thus aiming to reduce the high fixed costs associated with designing an empirical research project assignment and encourage more undergraduate economics research. This project is central to…

In this article, the authors describe a simple classroom game that demonstrates the advantage of tradable emissions permits in regulating environmental pollution. Students take on the role of polluters who must consider the costs of complying with a uniform reduction and a tradable permits program. The class is divided into high-cost polluters and…