Microeconomics course is a course relating to individual problems in meeting needs. So that require students' evaluation sheets which has high-level thinking ability standards that correlate with real life problems. The objectives of this study are (1) describing the feasibility of developing questions about Demand and Supply on the Economic…

The authors develop a two-stage classroom experiment to illustrate convergence to long-run equilibrium in a market where price-taking firms are capacity-constrained. Once equilibrium in the first stage is established, capacity constraints are introduced by imposing discontinuities in the fixed costs of several firms. The experiment demonstrates…

Traffic congestion and road tolls are familiar economic concepts for most undergraduates; however, students often have difficulty explaining exactly how theoretical principles like externalities and social welfare are related to their real-world experiences, such as driving. The authors present a classroom exercise to demonstrate how congestion…

The author of this article describes a game-theory-based economics class on how people should, and do, form beliefs, communicate, and make decisions under uncertainty. Topics include Bayesian and non-Bayesian belief updating, the value of information, communication games, advertising, political media, and social learning. The only prerequisite is…

How does one learn how to think like an economist without understanding what economists do? Using outside readings can be an effective and straightforward pedagogical tool to teach economic concepts and to expose students to the wide range of topics and methods economists use in their research. Improving students' understanding of what economists…

The author of this article discusses the extensive use and analysis of real-world situations as the core construct on which to build a course in principles of microeconomics. Building on the literature that focuses on current event readings, the goal here is to train students to be able to "do economics." The author details course…

In this paper, we present a study, which models and measures the competencies of higher education students in business and economics--within and across countries. To measure student competencies in a valid and reliable way, the Test of Understanding in College Economics was used, which assesses microeconomic and macroeconomic competencies. The…

The authors adapted a lab-in-the-field experiment emulating the dynamic extraction of a fishery to create a Web-based classroom experiment. The game includes a multi-player version analogous to an open-access problem and a single-player version analogous to the social planner problem. This game is helpful in introductory microeconomics courses 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…

In this article, the authors describe a classroom experiment aimed at familiarizing students with different types of price discrimination (first-, second-, and third-degree price discrimination). During the experiment, the students were asked to decide what tariffs to set as monopolists for each of the price discrimination scenarios under…

The Coase Theorem is a fundamental tenet of environmental economics and is taught to thousands of principles of microeconomics students each year. Its counterintuitive conclusion, that a Pareto optimal solution can result between private parties regardless of the initial allocation of property rights over a scarce resource, is difficult for…

The author examined whether game play improves students' comprehension, attendance, and exam performance. The author designed three games; 120 students in introductory microeconomics classes participated in these experiments. The evidence showed that game play enhances students' attendance, comprehension, and exam performance. It also showed that…

In this article, the author describes an exercise in which two pricing problems (product bundling and the sharing of digital information goods) can be understood using the same analytical approach. The exercise allows students to calculate the correct numerical answers with relative ease, while the teaching plan demonstrates the importance of the…

The author of this article presents a brief introduction to the use of current events news articles in an introductory microeconomics course for business students. Popular press articles are integrated with small-group peer instruction, and student understanding is assessed using student response system, or clicker, questions. Examples of lesson…

The author analyzes differences in student performance in an economics course offered face to face (F2F) and online over a period of four semesters at a comprehensive public university. Apart from mode of delivery, the characteristics of the course stayed nearly identical throughout. Exam and homework assignment scores are used as measures of…