Describes an instructional simulation of a commercial banking system. Identifies the teaching of portfolio theory, market robustness, and the subtleties of institutional constraints and decision making under uncertainty as the project's goals. Discusses the results of applying the simulation in an environment of local and national markets and a…

Asserts that there are many advantages to working in a controlled laboratory environment when teaching market structures in economics. Introduces the concept of competitive market experiments, makes a renewed case for their use in economics instruction, and proposes an expanded format for reporting experimental results. (CFR)

Presents the results of a study that measured the efficacy of an international economics simulation among undergraduates. The simulation consisted of a macroeconomics game where students develop economic policies for four hypothetical countries. A multiple choice test and posttest questionnaire suggests that classroom games are more effective than…

Contends that empirical research using laboratory experimental economics has flourished during the past decade. Discusses how two practitioners of experimental economics integrated their research interests into undergraduate economics education. Describes three computerized exercises and includes samples of student handouts and activities. (CFR)

Describes the liberal arts, computer laboratory-based economics program at Denison University (Ohio). Includes as goals helping students to (1) understand deductive arguments, (2) learn to apply theory in real-world situations, and (3) test and modify theory when necessary. Notes that the program combines computer laboratory experiments for…

Describes a class where students learn microeconomics from the perspective of a new business owner. This approach requires reordering the typical sequence of material and introducing a market simulation exercise. Includes a sample business plan, course outline, and data tables. (MJP)

Examines the concept of "free riders," those who enjoy the benefits of a public good without contributing to the costs of providing it. Reviews classroom experiments on the free rider topic and describes a free rider experiment using an undergraduate class of 73 students. (CFR)

Contends that, in recent years, the growth of experimental economics as a field of research has led to increased interest in using games and experiments in the economics classroom. Summarizes 12 reports on using experimental economics in the classroom and concludes that the method encourages student interest and learning. (CFR)

Asserts that the computerized stock market simulation described by Williams and Walker is complex and a better approach to teaching financial economics. Describes a noncomputerized version of the same teaching activity used to teach asset valuation to undergraduate financial economics students. (CFR)

Describes an undergraduate economics course experiment designed to teach the concepts of comparative advantage and opportunity costs. Students have a limited number of labor hours and can chose to produce either wheat or steel. As the project progresses, the students trade commodities in an attempt to maximize use of their labor hours. (MJP)

Describes an innovative instructional technique for teaching the economic analysis of public policies. Teams of four to six students with different skills and different tasks work together as economic decision making units in a series of instructional simulations. Discusses implementation, activities, and assessment. (MJP)

Reports on the use of Microsim, a computer simulation, to teach an introductory college statistics/econometrics course. Reports enhanced student involvement, improved student achievement, and positive student attitudes toward the course as a result of using the simulation. (CFR)