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Insecure Participation: Experiments In A One Day Introduction To Economics

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  • Chris GELLER

    ()
    (Deakin University)

Abstract

Classroom experiments and exercises served as a one-day introduction to economics for students who felt insecure about taking first year business classes. The first experiment addresses demand in isolation while the second addresses supply. Supply, demand and equilibrium are integrated in a pit market in which all students have equal expected profits. A monopoly pricing exercise addresses market failure. Exercises use many incremental questions to reveal principles of microeconomics. Evaluations show that at the end of the program, students were familiar with economic results and concepts, and were more comfortable with taking economics.

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File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/swp2005_04.pdf
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Bibliographic Info

Paper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2005_04.

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Length: 37 pages
Date of creation: 30 Oct 2005
Date of revision:
Handle: RePEc:dkn:econwp:eco_2005_04

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Web page: http://www.deakin.edu.au/buslaw/aef/index.php

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Cited by:
  1. Chris Geller, 2006. "Insecure Participation: Experiments in a One-Day Introduction to Economics, with Revised Experiments and Exercises," Economics Series 2006_32, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.

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