Showing papers in "Journal of Economic Education in 1993"
TL;DR: The difference in attitudes between students of economics and the average population was attributed to the characteristics of those who chose to study economics and not the education process as discussed by the authors, and the difference in attitude between students and the general population is attributed to characteristics of economics students.
Abstract: The difference in attitudes between students of economics and the average population is attributed to the characteristics of those who chose to study economics and not the education process.
105 citations
TL;DR: In this paper, Williams and Walker introduce the use of experiments in the teaching of economics via three computerized exercises that are a byproduct of their research: the monopoly posted-offer market exercise, a free rider activity, and a stock market experiment.
Abstract: The advancement of experimental economics brought with it refinements in the classroom games and simulations used in the teaching of economics. In this lead article, Williams and Walker introduce the use of experiments in the teaching of economics via three computerized exercises that are a byproduct of their research: the monopoly posted-offer market exercise, a free rider activity, and a stock market experiment.
86 citations
TL;DR: Fels as mentioned in this paper reviewed the classroom experiments presented in this issue and comments on the efficacy of experimental economics as a teaching tool, and concluded that experimental economics can be used as an effective teaching tool.
Abstract: Fels reviews the classroom experiments presented in this issue and comments on the efficacy of experimental economics as a teaching tool.
77 citations
TL;DR: The transition from a traditionally formatted economics course to one that emphasizes writing is described in this paper, where the authors argue that student thinking as reflected in written papers was fuzzy; after the change it was not.
Abstract: The transition from a traditionally formatted economics course to one that emphasizes writing is described The authors argue that, before this change, student thinking as reflected in written papers was fuzzy; after the change it was not
75 citations
TL;DR: The Competitive Edge as discussed by the authors is a labor market simulation of recruiting, testing, hiring, compensation, performance evaluation, and retention decisions, which introduces students to the use of economic theory in making these decisions and is thus useful.
Abstract: The Competitive Edge is a labor market simulation of recruiting, testing, hiring, compensation, performance evaluation, and retention decisions. The program introduces students to the use of economic theory in making these decisions and is thus useful, although some flaws make it hard to use.
75 citations
TL;DR: The authors traces the development of experimental economics from E N Chamberlin in 1948 to the present and then describes an application of a market game similar to the one popularized by Myron Joseph and Phillip Saunders in the 1960s.
Abstract: The author traces the development of experimental economics from E N Chamberlin in 1948 to the present and then describes an application of a market game similar to the one popularized by Myron Joseph and Phillip Saunders in the 1960s
70 citations
TL;DR: In this article, the importance of high school courses in economics on student achievement in college principles of economics courses is explored, showing that high school economics is positively related to students' grades in both macroeconomics and microeconomics.
Abstract: The importance of high school courses in economics on student achievement in college principles of economics courses is explored. Contrary to previous fmdings, high school economics is positively related to students' grades in both macroeconomics and microeconomics.
69 citations
TL;DR: This paper found that the length of a course in economics does influence student learning in microeconomics, but longer term retention does not appear to be related to course length, while the degree of interest in microeconomic courses was positively associated with course length.
Abstract: The length of a course in economics does influence student learning in microeconomics, but longer term retention does not appear to be related to course length.
61 citations
TL;DR: The Nelson/Perry scheme for fostering transitions from one mode of thinking to another is presented along with strategies and tactics for teaching economics in a way that fosters cognitive development as mentioned in this paper.
Abstract: The Nelson/Perry scheme for fostering transitions from one mode of thinking to another is presented along with strategies and tactics for teaching economics in a way that fosters cognitive development.
60 citations
TL;DR: The most common way of measuring college teaching performance is through student evaluations of teachers (SETs), where students are given a questionnaire and asked to rate their teacher on various grounds, typically including an overall question on how good the teacher is as mentioned in this paper.
Abstract: Various ways of measuring college teaching performance are available. The most common is through student evaluations of teachers (SETs)-near the end of a course, students are given a questionnaire and asked to rate their teacher on various grounds, typically including an overall question on how good the teacher is. A second way is more difficult and less common, but no less logical. It measures the productivity of a teacher; for example, student final-exam answers might be analyzed to see how much the students have learned in the teacher's course. These two standards correspond to the two goals most students and teachers have in a course. Students want to have a good teacher, and they want to learn something. By the same token, teachers (at least most of them) want to be appreciated, and they want to teach something. How strongly correlated are these two potential measures of teacher performance? Plenty of indirect or related evidence exists, but very little is available that answers the question exactly. Beginning at the high school level, the students of more qualified teachers usually score significantly better on common exams than do the students of less qualified teachers (Walstad and Soper 1989; Becker, Greene, and Rosen 1990; and Bosshardt and Watts 1990). The results for college teaching are less conclusive. Reviews of the literature first by Siegfried and Fels (1979) and later by Siegfried and Walstad (1990) discussed studies with rather different results and gave a number of possible interpretations of these differing results. More recent analyses of SETs in a variety of subjects by Abrami, d'Apollonia, and Cohen (1990) and Sabot and Wakeman-Linn (1989) generally have found very small effects of these SETs on student final grades. The same
53 citations
TL;DR: An undergraduate labor course that emphasizes the development of writing skills within the context of economics is described in this article, where Hansen argues that students' abilities to communicate and use economics are improved by such an approach.
Abstract: An undergraduate labor course that emphasizes the development of writing skills within the context of economics is described. Hansen argues that students' abilities to communicate and use economics are improved by such an approach.
TL;DR: In this paper, the authors describe several classroom activities that are designed to demonstrate the free rider problem, where students allocate an initial hypothetical endowment of $100 to an asset paying a fixed return of 5 percent or an asset with a return of 10 percent on the total class investment.
Abstract: This article describes several classroom activities that are designed to demonstrate the free rider problem. The author gives details for her large classroom activity in which students could allocate an initial hypothetical endowment of $100 to an asset paying a fixed return of 5 percent or an asset paying a return of 10 percent on the total class investment.
TL;DR: In this article, 16 principles of economics textbooks are examined for developments in their treatment of topics relating to race and gender, and a follow-up to an earlier study is presented.
Abstract: As a follow-up to an earlier study, 16 principles of economics textbooks are examined for developments in their treatment of topics relating to race and gender.
TL;DR: In this paper, a factor analysis of the Survey on Economic Attitudes suggests an underlying set of seven orthogonal attitude variables, and the cognitive learning effect of these variables is contrasted with results from a change score model of learning that did not include these attitude measures.
Abstract: A factor analysis of the Survey on Economic Attitudes suggests an underlying set of seven orthogonal attitude variables. The cognitive learning effect of these variables is contrasted with results from a change score model of learning that did not include these attitude measures.
TL;DR: Using isoprofit curves, the Truetts argue that only one price is consistent with rational behavior and the goal of profit maximization as mentioned in this paper, and they use this to argue that joint profit maximisation leads to a determinate quantity and indeterminate price of the intermediate good traded.
Abstract: Many economists teach that joint profit maximization leads to a determinate quantity and indeterminate price of the intermediate good traded. Using isoprofit curves, the Truetts argue that only one price is consistent with rational behavior and the goal of profit maximization.
TL;DR: In this paper, the authors describe a trading game used to teach asset valuation to upper-division finance students, where students must devise bid strategies for an asset, but management of the exercuse does not require a computer.
Abstract: The author describes a trading game used to teach asset valuation to upper-division finance students. As in the Williams and Walker stock market game, students must devise bid strategies for an asset, but management of the exercuse does not require a computer.
TL;DR: In this paper, an intermediate course in macroeconomics that emphasizes teaching and learning with writing is described, and the authors state that students' communication and thinking skills are increased by strategies that integrated writing into economics courses.
Abstract: An intermediate course in macroeconomics that emphasizes teaching and learning with writing is described. The authors state that students' communication and thinking skills are increased by strategies that integrated writing into economics courses.
TL;DR: In this article, strategies to remove three different types of mindsets that are prevalent in the learning of economics are discussed; the use of information referenced testing to identify misconcepts is emphasized.
Abstract: Strategies to remove three different types of mindsets that are prevalent in the learning of economics are discussed; the use of information referenced testing to identify misconcepts is emphasized.
TL;DR: Kennedy et al. as mentioned in this paper presented a Guide to Econometrics, which is a collection of articles from the Journal of Economic Education: Vol. 24, No. 4, pp. 371-373.
Abstract: (1993). A Guide to Econometrics. 3d ed., by Peter Kennedy. The Journal of Economic Education: Vol. 24, No. 4, pp. 371-373.
TL;DR: In this paper, the authors are ranked by their contributions to the economic education literature, and the journals that have published economic education articles, the topics covered, and individual authors are identified.
Abstract: Tabular data are provided on the journals that have published economic education articles, the topics covered, and the individual authors. Institutions are ranked by their contributions to the economic education literature.
TL;DR: In this article, the authors proposed an activity in which students are endowed with different colored (valued) M&M candies that they then trade to achieve combinations that have greater value than their individual pieces.
Abstract: The author offers an activity in which students are endowed with different colored (valued) M&M candies that they then trade to achieve combinations that have greater value than their individual pieces. The exercise is designed to show the role of diverse skills and aptitudes, effort, creativity, initial resource endowments, and market exchange in determining patterns of wealth.
TL;DR: In this article, changes in the distribution of young economists among 14 subfields are presented, and Ph.D. recipients from the elite schools are contrasted with those from the universities ranked below the top 16.
Abstract: Changes in the distribution of young economists among 14 subfields are presented. Ph.D. recipients from the elite schools are contrasted with those from the universities ranked below the top 16.
TL;DR: Contributing authors and institutions to the American Economic Review over the period 1911 to 1990 are summarized; multiple appearances in the AER are shown to place the authors in distinguished company as mentioned in this paper.
Abstract: Contributing authors and institutions to the American Economic Review over the period 1911 to 1990 are summarized; multiple appearances in the AER are shown to place the authors in distinguished company.
TL;DR: This paper conducted a survey comparing involvement, knowledge, and attitudes and values of high school students in China and northern California, and found that participants were more involved in sports and sports activities.
Abstract: Results from a survey comparing involvement, knowledge, and attitudes and values of high school students in China and northern California.
TL;DR: In this paper, a demonstration and explanation of short-run marginal costs that are lower than long run marginal costs is given. But the authors do not consider the long-run costs.
Abstract: A demonstration and explanation of short-run marginal costs that are lower than long-run marginal costs.
TL;DR: A new generation of microcomputer development applications, based on “object oriented programming,” is described for use in teaching economics; some of the advancements of these new programs are highlighted in a microeconomics software package.
Abstract: A new generation of microcomputer development applications, based on “object oriented programming,” is described for use in teaching economics; some of the advancements of these new programs are highlighted in a microeconomics software package.
TL;DR: In this paper, a class project designed to help international and/or development economics students prepare country reports enroute to writing more substantive papers is described, and Abdalla claims that by guiding students through a series of writing activities, they achieve a stronger understanding of the world economy and in the process develop skills for research and focused writing.
Abstract: A class project designed to help international and/or development economics students prepare country reports enroute to writing more substantive papers is described. Abdalla claims that by guiding students through a series of writing activities, they achieve a stronger understanding of the world economy and in the process develop skills for research and focused writing.
TL;DR: The authors argue that economists should emphasize wealth transfers and argue that although efficiency fascinates economists, policymakers seldom are concerned with the textbook view of efficiency; instead, they focus on wealth transfer.
Abstract: Although efficiency fascinates economists, policymakers seldom are concerned with the textbook view of efficiency; the authors argue that economists should emphasize wealth transfers.
TL;DR: In this paper, the type of shift in a kinked demand curve is shown to influence marginal revenue and hence the profit-maximizing price, and the profit maximization price is determined.
Abstract: The type of shift in a kinked demand curve is shown to influence marginal revenue and hence the profit-maximizing price.