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Computational Economics: Help for the Underestimated Undergraduate

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  • David Kendrick
  • P. Mercado
  • Hans Amman

Abstract

Our concern in this paper is that the capability of economics undergraduates is substantially underestimated in the design of the present college curriculum and that our students are insufficiently challenged and motivated. Students enter our classrooms with substantial previous knowledge about computers and computation and we are not taking full advantage of this opportunity. We suggest a set of examples from computational economics which are challenging enough to motivate students and simple enough that they can master them within a few hours. By encouraging the students to modify the models in directions of their own interest avenues for creative endeavor are opened which deeply involve the students in their own education.

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File URL: http://hdl.handle.net/10.1007/s10614-006-9027-5
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Bibliographic Info

Article provided by Society for Computational Economics in its journal Computational Economics.

Volume (Year): 27 (2006)
Issue (Month): 2 (May)
Pages: 261-271

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Handle: RePEc:kap:compec:v:27:y:2006:i:2:p:261-271

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Web page: http://www.springerlink.com/link.asp?id=100248
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Related research

Keywords: computational economics; undergraduate economics; teaching economics;

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References

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  1. Hans M. Amman & David A. Kendrick, . "Computational Economics," Online economics textbooks, SUNY-Oswego, Department of Economics, number comp1, Spring.
  2. Tesfatsion, Leigh & Judd, Kenneth L., 2006. "Handbook of Computational Economics, Vol. 2: Agent-Based Computational Economics," Staff General Research Papers 10368, Iowa State University, Department of Economics.
  3. Joshua M. Epstein & Robert L. Axtell, 1996. "Growing Artificial Societies: Social Science from the Bottom Up," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550253, December.
  4. Hans M. Amman & David A. Kendrick, 1997. "Teaching Macroeconomics with Gams," CARE Working Papers 9702, The University of Texas at Austin, Center for Applied Research in Economics.
  5. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, EconWPA, revised 15 Aug 2002.
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Cited by:
  1. Ann L Owen, 2007. "Integrating Computer Applications Into Economics Electives," International Review of Economic Education, Economics Network, University of Bristol, vol. 6(1), pages 77-92.

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