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Wight, Jonathan B. – Journal of Economic Education, 2017
The normative elements underlying efficiency are more complex than generally portrayed and rely upon ethical frameworks that are generally absent from classroom discussions. Most textbooks, for example, ignore the ethical differences between Pareto efficiency (based on voluntary win-win outcomes) and the modern Kaldor-Hicks efficiency used in…
Descriptors: Critical Thinking, Accountability, Efficiency, Economics Education
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Méndez-Carbajo, Diego; Asarta, Carlos J. – Journal of Economic Education, 2017
In this article, the authors discuss the use of Federal Reserve Economic Data (FRED) statistics to teach the concept of price elasticity of demand in an introduction to economics course. By using real data in its computation, they argue that instructors can create a value-adding context for illustrating and applying a foundational concept in…
Descriptors: Economics Education, Teaching Methods, Supply and Demand, Concept Teaching
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Cutler, David M. – Journal of Economic Education, 2017
Health care is one of the economy's biggest industries, so it is natural that the health care industry should play some role in the teaching of introductory economics. There are many ways that health care can appear in such a context: in the teaching of microeconomics, as a macroeconomic issue, to learn about social welfare, and even to learn how…
Descriptors: Health Care Costs, Health Services, Economics Education, Microeconomics
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Milkman, Martin I.; Marjadi, Riza; McCoy, James P. – Journal of Economic Education, 2016
This is the first article that compares terminal master's degree programs in economics from universities that have a PhD program in economics with those that do not offer PhD programs in economics. The authors compare these differences based on surveys in 2002 and 2012. They examine differences in general program characteristics, department…
Descriptors: Masters Programs, Doctoral Programs, Economics Education, Comparative Analysis
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Henderson, Amy – Journal of Economic Education, 2016
Despite extensive evidence supporting the benefits of undergraduate research, the economics profession has been slow to incorporate such experiences into the curriculum. Where such experiences have been developed, they are often targeted toward high-achieving students. In this article, the author reports on a transformative capstone experience…
Descriptors: Curriculum, Community Education, Undergraduate Students, Community Involvement
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Grodner, Andrew; Rupp, Nicholas G. – Journal of Economic Education, 2013
In this article, the authors describe a field experiment in the classroom where principles of micro-economics students are randomly assigned into homework-required and not-required groups. The authors find that homework plays an important role in student learning, especially so for students who initially perform poorly in the course. Students in…
Descriptors: Higher Education, College Students, Homework, Assignments
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Haley, M. Ryan; Johnson, Marianne F.; McGee, M. Kevin – Journal of Economic Education, 2010
The "Lake Wobegon Effect" (LWE) describes the potential measurement-error bias introduced into survey-based analyses of education issues. Although this effect potentially applies to any student-report variable, the systematic overreporting of academic achievements such as grade point average is often of preeminent concern. This concern can be…
Descriptors: Grade Point Average, Measurement Techniques, Error of Measurement, Bias
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Schaur, Georg; Watts, Michael – Journal of Economic Education, 2010
Little research in economic education has dealt with MBA programs. The authors investigated student performance in a microeconomics/managerial economics course taught in a one-year MBA program at the German International School of Management and Administration in Hanover, Germany, during the 2002-5 academic years. After controlling for other…
Descriptors: Foreign Countries, Educational Research, Higher Education, Economics Education
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Weinberg, Bruce A.; Hashimoto, Masanori; Fleisher, Belton M. – Journal of Economic Education, 2009
The authors develop an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, they show that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. They offer evidence that the weak relationship between learning and…
Descriptors: Higher Education, Student Evaluation, Grades (Scholastic), Evaluation Methods
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Hill, Roderick; Myatt, Anthony – Journal of Economic Education, 2007
Microeconomic principles courses focus on perfectly competitive markets far more than other market structures. The authors examine five possible reasons for this but find none of them sufficiently compelling. They conclude that textbook authors should place more emphasis on how economists select appropriate models and test models' predictions…
Descriptors: Textbooks, Microeconomics, Competition, Economics Education
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Pashigian, B. Peter; Self, James K. – Journal of Economic Education, 2007
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…
Descriptors: Microeconomics, Textbooks, Textbook Content, Economics Education
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Siegfried, John J. – Journal of Economic Education, 2007
This article reports on the trends in undergraduate economics degrees from 1991-2006. Undergraduate degrees in economics awarded by U.S. colleges and universities enjoyed an upward trajectory for eight consecutive years from 1997 through 2005. On the basis of the steady climb in economics majors from 2000 to 2005, "Newsweek" (December 26, 2005)…
Descriptors: Economics Education, Bachelors Degrees, Undergraduate Study, Educational Trends
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Yamarik, Steven – Journal of Economic Education, 2007
What is the effect of small-group learning on student learning outcomes in economic instruction? In spring 2002 and fall 2004, the author applied cooperative learning to one section of intermediate macroeconomics and taught another section using a traditional lecture format. He identified and then tracked measures of student learning outcomes.…
Descriptors: Teaching Methods, Macroeconomics, Cooperative Learning, Academic Achievement
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Hayford, Marc D. – Journal of Economic Education, 2007
The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and…
Descriptors: Supply and Demand, Microeconomics, Economic Progress, Taxes
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Hawtrey, Kim – Journal of Economic Education, 2007
The author advocates the application of experiential learning in economics courses at the tertiary level. The author evaluates a range of learning methods, both passive and active, in a student survey that provides data on undergraduate attitudes to various class activities. The results indicate a clear student preference for learning activities…
Descriptors: Experiential Learning, Economics Education, Higher Education, Teaching Methods
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