Showing papers in "Journal of Economic Education in 2018"
TL;DR: In this paper, the authors implemented a randomized controlled trial to evaluate the effect of a flipped classroom technique relative to a traditional lecture in an introductory undergraduate econometrics course and found that the flipped classroom increases scores on medium-term, high-stakes assessments by 0.16 standard deviation, with similar long-term effects for high-performing students.
Abstract: Despite recent interest in flipped classrooms, rigorous research evaluating their effectiveness is sparse. In this study, the authors implement a randomized controlled trial to evaluate the effect of a flipped classroom technique relative to a traditional lecture in an introductory undergraduate econometrics course. Random assignment enables the analysis to eliminate other potential explanations of performance differences between the flipped and traditional classrooms, while assignment of experimental condition by section and lesson enables improved statistical precision. The authors find that the flipped classroom increases scores on medium-term, high-stakes assessments by 0.16 standard deviation, with similar long-term effects for high-performing students. Estimated impacts are robust to alternative specifications accounting for possible spillover effects arising from the experimental design.
28 citations
TL;DR: In this paper, student and team performance in 17 sections of an introductory microeco-nomic theory course taught using team-based learning are analyzed to determine what measurable characteristics of teams influence team and individual outcomes.
Abstract: Student and team performance in 17 sections of an introductory microeco-nomic theory course taught using team-based learning are analyzed to determine what measurable characteristics of teams influence team and individual outcomes. Results suggest that team performance is positively influenced by the grade point average of the top individual on the team as well as the percentage of females on the team. While the level of cooperation within a team does not significantly influence team outcomes, it positively influences individual performance by females while having no statistically significant influence on male performance. Individual success also is positively and significantly influenced by gender diversity and individual effort in team activities, as measured by peer evaluations. These results are robust to a variety of measures of gender diversity.
18 citations
TL;DR: In this paper, the authors developed software that appends a personalized message to each assignment in the class regarding the student's current grade, which explains precisely how the assignment will impact the final grade given their current standing in class.
Abstract: Information provided at the moment a person makes a decision can influence behavior in predictable ways. The United Kingdom's Behavioural Insights Team have used this idea to help improve the insulation of lofts, collect taxes, and even reduce litter. The authors of this article developed software that appends a personalized message to each assignment in the class regarding the student's current grade. This “grade nudge” explains precisely how the assignment will impact the student's final grade given their current standing in the class. Through a randomized trial, the authors show that the nudge improves student homework performance by about four percentage points.
15 citations
TL;DR: The economics media library as mentioned in this paper includes a variety of television, movies, comedy specials, or news clips that can be used for teaching economics courses and can be searched by tags, categories or search feature.
Abstract: The Economics Media Library includes a variety of television, movies, comedy specials, or news clips that can be used for teaching economics courses. The clips are sorted by topics, courses, or sources and can be searched by tags, categories or search feature.
13 citations
TL;DR: In this article, the authors characterize current teaching experience and training of graduate students from the point of view of directors of graduate studies and of newly minted academic economists, and query department chairs and new faculty about teacher training, support available for new faculty, and the degree to which newly hired Ph.D. economists are prepared to teach.
Abstract: Past studies suggest that a majority of economics graduate students engage in teaching-related activities during graduate school and many go on to academic positions afterwards. However, not all graduate students are formally prepared to teach while in graduate school nor are they fully prepared to teach in their first academic position. The authors characterize current teaching experience and training of graduate students from the point of view of directors of graduate studies and of newly minted academic economists. The authors also query department chairs and new faculty about teacher training, support available for new faculty, and the degree to which newly hired Ph.D. economists are prepared to teach. Findings indicate that while some training is available, there is room for enhancing teacher training in economics.
13 citations
TL;DR: In this paper, a quantitative approach was used to analyze production, efficiency (technical, price and economy) and farmer income in Sengah Temila District of Landak Regency, Indonesia.
Abstract: The low production of rice in Sengah Temila District of Landak Regency makes farmers’ income low. The purpose of this research was to analyze production, efficiency (technical, price and economy) and farmer income. The approach used in this research was quantitative approach. The production analysis used Cobb-Douglas’s production function with multiple linear regressions. Technical efficiency analysis used frontier production function with Stochastic Frontier Analysis (SFA). Allocative efficiency analysis used comparative analysis of marginal product value and input price. Economic efficiency analysis used the combination of technical efficiency and allocative efficiency. The income analysis used the difference between revenue and cost. The results showed that the average production of rice in Sengah Temila District Landak Regency was quite good with production of 5.819 kg/ha. The factors that affect the production level significantly ware the land size, seeds, pesticides and labors while the fertilizer factor had no significant effect because of quantity of fertilizer was less than needed. Land size was dominant factor that affect the production level. Technical efficiency was not yet efficient but it was nearly efficient with coefficient 0.96. Inefficiency of technical becuase of quantity of fertilizer was less than needed and over capacity of land. Based on allocative efficiency, the rice farming was far from efficient due to the high price of production factors, especially fertilizer and labor with coefficient 19.24. Economic efficiency was not efficient with coefficient of 18.38. Farmer’ income was Rp1,385,900.00 per household per month. Farmer' income was lower than the regional minimum wage (UMR) of Landak Regency in 2017 which was Rp2,000,920.00.
11 citations
TL;DR: Drawing from content in superhero movies and books, the authors construct games to illustrate pure-strategy Nash equilibrium, Bayes-Nash equilibrium, mixed strategies, sub-game perfection, and perfect Bayesian equilibrium.
Abstract: The valuable insights of game theory sometimes remain out of reach for students who are overwhelmed by the subject's complexity. Comic book applications of game theory, with superheroes as players, can facilitate enthusiasm and classroom interaction to enhance the learning of game theory. Drawing from content in superhero movies and books, the authors construct games to illustrate pure-strategy Nash equilibrium, Bayes-Nash equilibrium, mixed strategies, sub-game perfection, and perfect Bayesian equilibrium. To help instructors build students' skills in finding and interpreting game solutions, they translate comic book scenarios into specific game forms; however, not all scenarios are obvious so they suggest instructors help students develop their own game-theoretic judgments to determine what game forms, payoffs, and solution concepts might be appropriate for understanding a situation.
11 citations
TL;DR: This paper proposed a reflection mechanism based on programmatically appropriate project-management reports to link experience and course content, essential elements of service learning best-practice, and facilitate the successful management of a complex project, thereby contributing to the development of higher-order proficiencies.
Abstract: Although experiential learning approaches, such as service-learning, have been shown to increase student motivation and academic achievement, faculty concerns about the costs of developing and implementing such courses have limited their adoption within economics. One cost that can be eliminated is the opportunity cost typically associated with “required” reflection exercises that are often perceived as taking time away from economic instruction. This article contributes to the existing literature by introducing a reflection mechanism based on programmatically appropriate project-management reports. This approach not only links experience and course content, essential elements of service-learning best-practice, but also facilitates the successful management of a complex project, thereby contributing to the development of higher-order proficiencies.
10 citations
TL;DR: In this paper, the authors used desciptive qualitative approach to find out and analyze the preparation of RPP (Lesson Plan), implementation of learning, evaluation of learning economic and students' perception to the teacher's skill in implementing economic learning by using scientific approach.
Abstract: Based on Permendikbud Number 22 of 2016 regarding the standard of primary and secondary education process, the policy is a motivation to conduct research to know the extent to which the implementation of scientific approach in economic learning. This research aims to find out and analyze the preparation of RPP (Lesson Plan), implementation of learning, evaluation of learning economic and students’ perception to the teacher’s skill in implementing economic learning by using scientific approach. The significance of this research can add to the repertoire of science on the implementation of scientific approach in economic learning. This research uses desciptive qualitative approach. The research technique used to collect the research data in the form of interview, observation, and documentation. The data analysis is done by data reduction, data presentation and conclusion. To obtain valid data used triangulation of data. The result indicates; the preparation of lesson plan is adjusted to the rule or instruction that applies in the school either through meetings or internal MGMP (Teacher Education Consensus Points). The implementation of economic learning is carried out with the system and principle of scientific learning that is student center. Assessment conducted at SMA Negeri 2 Mranggen is authentic consisting of process or skill assessment conducted through observation with assessment indicator of group work, individual work and presentation. According to the students the skill of economics teacher at SMA Negeri 2 Mranggen in economic learning by using scientific approach is good enough.
10 citations
TL;DR: In this article, the authors describe how to teach a full-fledged macroeconomics course where DSGE models take center stage, and discuss how to arrange such a course within a one-semester time frame, detail the main components of instruction, and finish with some thoughts based on my teaching experience at Macalester College.
Abstract: Dynamic stochastic general equilibrium (DSGE) models have become the workhorse of modern macroeconomics and the standard way to communicate ideas among applied macroeconomists. Undergraduate students, however, often remain unaware of their existence. The lack of specialized knowledge can hurt them if they decide to attend graduate school. Indeed, many first-year PhD students discover that the material they are currently learning differs significantly from what they mastered in college. But this can change. In this essay, I describe how to teach a full-fledged macroeconomics course where DSGE models take center stage. I discuss how to arrange such a course within a one-semester time frame, detail the main components of instruction, and finish with some thoughts based on my teaching experience at Macalester College.
10 citations
TL;DR: In this article, the effect of the family and school environment and self-control on students' saving behavior was found to have a positive and significant effect on their saving behavior in a quantitative and correlational approach.
Abstract: Savings behavior is important to start early so that it can educate children to be able to control themselves from consumptive manner, learn to be able to spend money wisely Savings activities have also trained children to grow into a community that is skilled in financial management The objectives of this study are to find out the effect of family and school environment on self-control and find out the effect of the family and school environment and self-control on students' saving behavior This type of research was a quantitative with a correlational approach The research sample was 324 students with proportional stratified random sampling technique The data analysis techniques used path analysis The family and school environment have a positive and significant effect on students' self-control Family environment, school environment, and self-control have a positive and significant effect on students' saving behavior
TL;DR: The authors developed a procedure to split pre-test and post-test responses into four learning types: positive, negative, retained, and zero learning, and used it to divide responses into two groups: positive and negative.
Abstract: In 2016, Walstad and Wagner developed a procedure to split pre-test and post-test responses into four learning types: positive, negative, retained, and zero learning. This disaggregation is...
TL;DR: This paper pointed out that econometrics courses often do not align with modern empirical approaches employed by economists and called for a pedagogical paradigm shift by pointing out that the econometric courses often did not align well with modern empirically grounded approaches.
Abstract: Angrist and Pischke (2017) call for a pedagogical paradigm shift by pointing out that econometrics courses often do not align with modern empirical approaches employed by economists. This article's...
TL;DR: In this paper, the authors examined the effect of perceived ease of use, perceived usefulness, and attitude toward using on behavioral intention to use accounting information systems by school financial managers, and determined the extent of the acceptance of accounting information system by school managers in the preparation of financial statements.
Abstract: Financial accounting information systems are needed in the presentation of financial statements for the public. Besides that, school management requires accounting information in relation to decision making for organizational purposes, so managerial of accounting information system is needed. One important aspect of accounting that aims to produce financial reporting in an organization is the behavior of financial report managers which become studies of behavioral accounting. The purpose of this study was to examine the effect of perceived ease of use, perceived usefulness, and attitude toward using on behavioral intention to use accounting information systems by school financial managers. This study also aims to determine the extent of the acceptance of accounting information systems by school financial managers in the preparation of financial statements. The method used in this study is a quantitative method with path analysis techniques. The number of population and sample in this study were 50 respondents from an educational foundation in the city of Semarang which consisted of treasurers and the finance department of the Marsudirini Foundation school. The results obtained from this study are the significant influence of perceived ease of use to perceived usefulness; perceived usefulness to attitude toward using; perceived ease of use to attitude toward using; perceived ease of use to behavioral intention to use; and attitude to using toward behavioral intention to use. The rejected hypothesis is the influence of perceived usefulness tobehavioral intention to use.
TL;DR: In this article, the authors investigate the relationship between undergraduate economics coursework or majoring in economics and the debt behavior of the college graduates, using data from the Baccalaureate and the University of Edinburgh.
Abstract: The authors investigate the relationship between undergraduate economics coursework or majoring in economics and the debt behavior of the college graduates. The data come from the Baccalaureate and...
TL;DR: In this paper, six empirical assignments that utilize FRED are used to introduce students of money and banking courses to the economic analysis required for the conduct of monetary analysis. But they were used for a single semester.
Abstract: Over the course of one semester, six empirical assignments that utilize FRED are used to introduce students of money and banking courses to the economic analysis required for the conduct of monetar...
TL;DR: In this paper, the authors describe a classroom experiment on new trade theory appropriate for undergraduate international economics and trade courses, where students portray U.S. and Japanese automobile manufacturers with different average cost schedules.
Abstract: In this study, the author describes a classroom experiment on new trade theory appropriate for undergraduate international economics and trade courses. Students portray U.S. and Japanese automobile manufacturers with different average cost schedules. There are five rounds in the experiment, starting with autarky in the 1960s and ending with the Great Recession of 2008–9. In each round, the instructor announces a market price and quantity and then each producer calculates its market share, average cost and profit; and makes its shutdown decision. By varying the market price and size, the experiment illustrates the gains from intra-industry trade and also how efficiency gains and economic recession impact individual firm performance.
TL;DR: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009-2010 through 2012-2013, increased rapidly (almost 15 percent) over the two years from 2012-13 through 2014-15, but have again leveled off in 2015-16 and 2016-17.
Abstract: Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009–10 through 2012–13, increased rapidly (almost 15 percent) over the two years from 2012–13 through 2014–15, but have again leveled off in 2015–16 and 2016–17.
TL;DR: In this article, the application of a scientific approach with 5M syntax (Observing, Asking, Gathering Information, Associating / Reasoning and Communicating) by describing the activity of each 5m syntax on Financial Administration Subjects Administration Program Administration Class XII SMK Negeri 9 Semarang Year Lesson 2017/2018.
Abstract: Through the 2013 curriculum as a transition from the Education Unit Level curriculum (KTSP) 2006 into a real effort of the government to improve the education process in Indonesia , in the 2013 curriculum with the learning system of students are told to be the students of the tofu. 2013 curriculum is a scientific approach , a scientific approach is a learning process approach using 5M syntax (Observing, Asking, Gathering Information, Associating / Reasoning and Communicating). The subject of Financial Administration is one of the new subjects in Vocational High School Administration Expertise Program on the Basic Competencies of Computer Applications for Financial Administration. The application of a scientific approach is only included as one of the administrative requirements in the Lesson Plans.The purpose of this research is to know the application of scientific approach with 5M syntax (Observing, Asking, Collecting Information, Associating / Reasoning and Communicating) by describing the activity of each 5M syntax on Financial Administration Subjects Administration Program Administration Class XII SMK Negeri 9 Semarang Year Lesson 2017/2018. This research is a qualitative research.Data collection is done by observation, interview, and documentation.The results showed that in the learning activity deangan scientific approach by using 5M syntax is done well but in one meeting not all sync 5M activities, but the 5M syntax is divided into several meetings on core learning activities, because the learning in every meeting consists of opening activities, core and cover. The 5M syntax scientific approach is carried out in Core activities.
TL;DR: In this paper, the authors describe an adaptation of the rent-seeking game by Goeree and Holt (1999) to the recruiting of athletes by NCAA Division I football and basketball teams.
Abstract: The authors of this article describe an adaptation of the rent-seeking game by Goeree and Holt (1999) to the recruiting of athletes by NCAA Division I football and basketball teams. Students engage in an effort-based lottery, i.e., recruiting to sign a blue-chip prospect. The winner gets the prize—the player's marginal revenue product in excess of his grant in aid. Students recruit in three scenarios: by recruiting legally, by recruiting legally or with illegal bribes, and by offering wages to athletes in an auction. The authors demonstrate the game's use in a principles course, but it is easily adaptable to other courses. To aid instructors unfamiliar with sports and NCAA recruiting, they include a comprehensive lesson plan with suggested readings and multimedia.
TL;DR: The EconGoneCountry Web site as discussed by the authors contains country music videos pertaining to economics for use by educators and students alike, which can be used for courses in principles of economics, but can also be used in courses such as money and banking.
Abstract: Country music is full of stories about money, success, failure, and love. The EconGoneCountry Web site is designed to illustrate that these are the foundations of many economic concepts as well. The site contains country music videos pertaining to economics for use by educators and students alike. The goal of the site is to make economics more relatable to undergraduate students by illustrating that economics is all around them, even in popular country music. Economic educators can use the videos to supplement traditional lectures and incorporate the videos as part of quizzes and assignments. This is by no means the first time that music has been used to help teach economics (Tinari and Khandke 2000; Mateer and Rice 2007; Hall and Lawson 2008; Hall, Lawson, and Mateer 2008; Raehsler 2013), but it is the first time that the country genre is the primary focus. In that regard, it is similar to the work of Ghent, Grant, and Lesica (2011), Kuester, Mateer, and Youderian (2014), and Tierney et al. (2016), who specialize in detailing the economics of Seinfeld, The Office, and The Big Bang Theory, respectively. The Web site is most suitable for courses in principles of economics, but can also be used in courses such as money and banking. Definitions of economic concepts with links to relevant videos are contained in an index page, which allows instructors to find content that best fits their needs. Each video contains the title, artist, economic concepts, summary of the song and how it relates to economics, and lyrics. The Web site is dynamic and ever-growing so that newly released country music containing economic concepts can be documented and added to the collection.
TL;DR: In this article, the influence of knowledge of student consumption, socio-economic status of family, and family economic education either partially or simultaneously on consumption behavior of high school students was investigated.
Abstract: Consumption Behavior Consumptive students due to the knowledge of consumption and the lack of parental role in modeling and low family economic education in providing education about consumption of their children led to consumptive behavior. The formulation of this problem is whether there is influence of students' consumption knowledge, family's economic social status, family economic education on consumption behavior of high school students.The variables in this research are Knowledge of Student Consumption, Parents Social Economic Status, Family Economic Education, and Student Consumption Behavior. The method used is data analysis with data collection techniques Student population of SMA Negeri IPS Class XII. Sample of the research amounted to 191 respondents with sampling technique using Proportional Random Sampling. Methods of data collection using questionnaires. Data analysis with Linear Regression.The result of research there is influence of student's consumption knowledge, socio-economic status of family, and family economic education either partially or simultaneously. Based on t test, the influence of students' consumption knowledge on the partial consumption behavior of students obtained value of 7.239, the influence of socioeconomic status of parents to student consumption behavior 3.852 and the influence of family economic education on student consumption behavior of 1.686. Simultaneously influence of knowledge of student consumption, parent economic ststus, family economic education to student consumption behavior based on F test obtained value 30, 375.
TL;DR: Two alternative approaches to the assessment of competencies in economics are presented: a concept assessment as a matrix puzzle that gives students documents and asks them to Use higher-order thinking in the process of selecting information from the document and in preparing their written answers.
Abstract: In this article, the author presents two alternative approaches to the assessment of competencies in economics. The first is a concept assessment as a matrix puzzle. The rows of the matrix are the ...
TL;DR: There is an enormous and well-documented gap between the broadly "Keynesian" macroeconomics learned by a typical undergraduate economics major and the macroeconomic sciences taught at the PhD level as discussed by the authors.
Abstract: There is an enormous and well-documented gap between the broadly “Keynesian” macroeconomics learned by a typical undergraduate economics major and the macroeconomics taught at the PhD level. There ...
TL;DR: In this article, a Stanford grad student summarized graduate macro to me a decade ago (Colander 2008b): "Keynes is dead, dynamic programming, Keynes is still dead".
Abstract: Keynes is dead, dynamic programming, Keynes is still dead. That is how a Stanford grad student summarized graduate macro to me a decade ago (Colander 2008b). Graduate macro hasn't changed much sinc...
TL;DR: The economics of online dating as mentioned in this paper is an upper-level undergraduate course that combines intensive discussion, peer review, and econo-constrained econometrics to learn about online dating.
Abstract: The author discusses the development of a unique course, The Economics of Online Dating. The course is an upper-level undergraduate course that combines intensive discussion, peer review, and econo...
TL;DR: How the Monty Hall Dilemma can be demonstrated with a simple and versatile classroom experiment is described, which can be tailored by instructors to meet specific learning objectives for a variety of courses.
Abstract: The authors describe how the Monty Hall Dilemma, a well-known choice anomaly, can be demonstrated with a simple and versatile classroom experiment. In addition to demonstrating the anomaly, the experiment can be used to introduce students to some institutional modifications that have been shown to ameliorate it. This experiment, which can be tailored by instructors to meet specific learning objectives for a variety of courses, can also be used to frame broader discussions about rationality, institutions, and choices under uncertainty.
TL;DR: This paper used a dataset of 48 faculty members and 88 courses over 26 semesters to estimate Student Evaluation of Teaching (SET) ratings that are conditional on a multitude of course, faculty, and student attributes.
Abstract: Using a dataset of 48 faculty members and 88 courses over 26 semesters, the authors estimate Student Evaluation of Teaching (SET) ratings that are conditional on a multitude of course, faculty, and student attributes. They find that ratings are lower for required courses and those where students report a lower prior level of interest. Controlling for these variables substantially alters the SET ratings for many instructors. The average absolute value of the difference between the faculty ratings controlling just for time effects and fully conditional ratings is nearly one-half of a standard deviation in the students’ rating of how much they learned. This difference produces a change in quartile rank for over half the sample across two summary course evaluation measures.
TL;DR: Assessment Disaggregation software provides a procedure to disaggregate valueadded learning scores into four categories: positive, negative, retained, and zero learning, which provide the instructor with fundamentally different information and yet are intermixed in the traditional flow of knowledge measurement.
Abstract: URL: https://tazzben.github.io/WW/In 2016, Walstad and Wagner released an article that suggested practitioners should disaggregate value-added learning scores into four categories: positive, negati...
TL;DR: A considerable literature in economics and psychology observes substantial gender differences in risk aversion, confidence, and responses to high pressure as mentioned in this paper, which may be attributed to the fact that women are more likely to experience high pressure than men.
Abstract: A considerable literature in economics and psychology observes substantial gender differences in risk aversion, confidence, and responses to high pressure. In the educational measurement li...