The cross-price elasticity concept can be difficult for microeconomics students to grasp. The authors provide a real-life application of cross-price elasticities in policymaking. After a debate that spanned more than a decade and included input from safety engineers, medical personnel, politicians, and economists, the Federal Aviation…

This article describes a multilingual glossary project in the economics department at the University of Cape Town which gave multilingual students learning economics through the medium of English, opportunities to discuss new economic concepts in their home languages in order to broaden and enrich understanding of these new concepts. The findings…

A significant event for the advancement of economic education in the schools is the development of the National Assessment of Educational Progress (NAEP) in economics. For the first time, national data from a representative sample of students are available to measure the achievement of high school students in economics. The achievement results are…

We examine the impact of class size on student evaluations of instructor performance using data on all economics classes offered at the University of California, Santa Barbara from Fall 1997 to Spring 2004. A particular strength of this data is the opportunity to control for both instructor and course fixed effects. In contrast to the literature…

Love it or hate it, assessment has become the new reality on college and university campuses. Although measuring student achievement of course outcomes is not an easy task, assessment does not need to be a complex or painful experience. This paper describes the methods used to assess student achievement of the stated course outcomes in…

Authors of intermediate microeconomics textbooks devote relatively more space to imperfectly competitive markets than can be justified by their relative occurrence in actual markets. This gap has persisted for at least 40 years, even with an almost complete turnover of authors between the decades of the 1960s and the 2000s. This portrayal gives…

The authors review the graphical approach to teaching the real business cycle model introduced in Barro. They then look at where this approach cuts corners and suggest refinements. Finally, they compare graphical and exact models by means of impulse-response functions. The graphical models yield reliable qualitative results. Sizable quantitative…

Calibrated Peer Review[TM] (CPR) is a web-based instructional tool that encourages "writing gain for students" without adding "grading pain for the instructor!" The use of CPR provides students frequent opportunities to hone both writing as well as peer review skills in a guided environment. And once an assignment is authored, instructors have…

The choice of assignment types in a course is shown to have differential effect on performance of specific types of students. Using data from six semesters of college Economics classes, the study demonstrates that male and non-traditional students are more likely to have higher performance on multiple choice questions. Students whose major field…

In a review of the purpose and structure of the undergraduate economics major, J. Siegfried et al. (1991) suggested that every student should be required to "do economics" and specifically recommended the development of skills through writing requirements and research-oriented courses, as in a capstone experience. The author describes results of a…

The number of contact hours, one of the important institutional context factors, was examined and compared between Dutch and Vietnamese higher education at institute and student levels in Psychology and Business and/or Economics specializations. The quantity of contact hours per credit point given by institutions was investigated in a number of…

In this paper, we explore the connection between education and wage inequality in Spain for the period 1994-2001. Drawing on quantile regression, we describe the conditional wage distribution of different populations groups. We find that higher education is associated with higher wage dispersion. A contribution of the paper is that we explicitly…

Financial crises seem to have become the norm rather than the exception since 1992. The author examines the impact of a crisis of confidence and resultant capital outflows from a small and open economy and the possible policy options in response to such outflows, using simple tools and definitions that will be familiar to any money and banking or…

This article presents empirical results of explorative case studies that examine whether the New Public Management mechanisms have improved the academic performance of PhD education in selected German and European economics departments. Our data rely on document analyses of organisational variables and in-depth semi-structured interviews with…

Using data collected from a pre-training survey, post-training survey, and telephone follow-up survey, this study analyzes the impact of the Money Smart financial education curriculum upon the financial opinions and behaviors of course participants during the survey period. The data indicate that Money Smart financial education training positively…