The 3-equation model by Carlin and Soskice (2014) introduces the current consensus in modern monetary macroeconomics to undergraduates through a static framework in which adjustment occurs via the monetary policy rule of an inflation-targeting central bank. In this article, the authors present a dynamic extension of this model and an Excel-based…

In this study, a gamification process was implemented in an undergraduate course of Economics that consisted 397 students. The primary purpose of the research was to empirically validate the effects of gamification in terms of the variables of engagement, motivation, entertainment, perceived relevance of the course, knowledge increase and…

The Bicycle Drawing Test (BDT) serves to identify poor memory, psychomotor deficiencies, and cognitive deficiencies. This study examined 206 students' performance on the BDT measure, text-based and graph-based questions in undergraduate-level macroeconomics courses. Correlational analyses suggest that the drawing task component of BDT is…

Bounded rationality is a key concept with implications across all areas of economics. To help students better understand the nature, causes and forms of bounded rationality in individual choice, the authors present a flexible classroom experiment. Beyond providing students with some first-hand evidence of bounded rationality, the experiment shows…

Textbook models of externalities tacitly assume that those externalities fall upon individuals "outside" of the market. In many contexts--including common undergraduate examples--externalities fall "inside" the market instead. Positive externalities associated with vaccination, for instance, accrue to other individuals who…

This article contributes to the literature on interdisciplinary teaching by describing, analyzing, and evaluating an interdisciplinary intervention while students are still gaining disciplinary grounding. The intervention bridges courses in microeconomics and ethics. It focuses on the travelling concepts of voluntariness and value in a potential…

An undergraduate course in development economics presents an ideal opportunity to introduce students to the importance of gender differences in economic outcomes. The authors of this article argue that a systematic integration of gender into development economics courses based on standard textbooks is feasible and desirable. They provide a…

This paper presents a case study that reflects on teaching an economic unit, Cost-benefit analysis (CBA), to a diverse undergraduate student body at the researcher's institution. CBA is an applied economic technique that attempts to assess the economic efficiency of proposed public policies through the systematic prediction of social costs and…

This study delves into the multifaceted relationship between student satisfaction and academic performance in undergraduate economics. While prior research often overlooks the complex interplay of these factors with cognitive potential, prior knowledge, and gender, this investigation sheds light on their combined influence on student success. Data…

The author of this article describes a new undergraduate course where students use Python programming for macroeconomic data analysis and modeling. Students develop basic familiarity with dynamic optimization and simulating linear dynamic models, basic stochastic processes, real business cycle models, and New Keynesian business cycle models.…

Pre-university policy can determine the success (or failure) of university studies. Using different econometric techniques, this work carries out an exploratory study to assess the relationship between the mathematics skills developed at upper secondary school and performance and retention in university studies in the Economic-Business area. Our…

Using the backward design model, the author of this article surveys and connects the economic competencies literature evolving from Hansen with the literature on literacy-targeted principles courses. He makes the case why departments should offer LT principles courses--which focus on higher-level mastery of a shorter list of concepts that students…

The theories and practices of economics are important in teaching students and practitioners in the fields of criminal justice, health, and public policy. Criminal justice and health professionals face increased scrutiny due to cost growth and inequities. Practitioners and policymakers can be challenged in their understanding of quantifiable…

How college students perceive and approach learning is important for quality education. This study was then aimed to explore sophomore students' conceptions of and, approaches to learning and the association between students' conceptions of and approaches to learning at Arba Minch University in the College of Business and Economics. A…

The use of artificial intelligence tools is currently increasingly common, causing changes in teaching-learning processes, generating debates in the educational sector about its utility. Proving to have benefits and advantages, however, there are still gaps in how artificial intelligence tools should be used in education. This research aims to…