In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain…

In this article, the author describes the use of primary literature readings in an upper-division undergraduate field course. One of the two main learning goals of the course was to teach students how to read academic articles in economics with a critical eye. This was accomplished by providing students with a structured framework for summarizing…

The author of this article describes a form of service learning called "learning by giving," as applied in a course on the Economics of Altruism, Philanthropy and Nonprofit Organizations. The motivation for employing such a model is described, and a detailed description of the course and how to use the Learning by Giving model in a…

The authors propose a classroom experiment implementing a simple version of a New Keynesian model suitable for courses in intermediate macroeconomics and money and banking. Students play as either the central bank or members of the private sector. The central banker sets interest rates to meet twin objectives for inflation and the output gap or to…

The author of this article describes individual pre-class and group in-class assignments based on current news articles. Guided student pre-class readings of periodical articles can form the basis for engaging in-class group assignments. Many economics instructors seek to develop student skills at applying the concepts under study to analyze…

Contemporary pedagogy encourages instructors to move away from memorization to teaching the ability to "do economics." In such an environment, students are taught to apply knowledge of economic measurement, the economic model, and economic policy to analyze current events and policies. In this article, the authors build on existing…

The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original…

In this article, the authors outline a classroom exercise involving goldsmiths designed to improve undergraduate students' understanding of how banks create money. This concept is important to macroeconomics and money and banking courses, yet students frequently struggle with it, largely due to the nonphysical nature of deposits and reserves.…

In this article, the author describes a group project to create student-generated podcasts on economics topics. This project provides an innovative opportunity for students to demonstrate proficiency in skills required for the undergraduate economics major and valued in the professional marketplace. Results of a student self-assessment survey on…

Although many students have some knowledge of patents, it can be difficult for them to understand the components of an innovator's decision-making process. Key issues, such as whether to patent or to use trade secrecy, how broad a scope to claim, and what to do in the event of patent infringement, can be difficult to grasp from a standard lecture.…

Describes a classroom game that demonstrates to students that equilibria can occur naturally in order to encourage students to take unreasonable equilibria more seriously. Discusses the game, how to organize it in the classroom for a game theory course, and the results. (CMK)

Describes a simulation exercise called "The Summit of the Americas" that enables students to apply economic concepts. Discusses the four segments of the simulation: (1) pre-negotiation phase; (2) negotiation phase; (3) the debriefing phase; and (4) an economic impact report. Addresses the issues involved when incorporating the simulation into a…