Insecure Participation: Experiments in a One-Day Introduction to Economics, with Revised Experiments and Exercises
AbstractClassroom 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. A third integrates supply, demand and equilibrium in a pit market with all students having 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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Bibliographic InfoPaper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2006_32.
Length: 54 pages
Date of creation: 30 Nov 2006
Date of revision:
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Web page: http://www.deakin.edu.au/buslaw/aef/index.php
classroom experiments; exercises; principles; bond; auction; pit market;
Find related papers by JEL classification:
- A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chris GELLER, 2005. "Insecure Participation: Experiments In A One Day Introduction To Economics," Economics Series 2005_04, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Cheung, Stephen L., 2003. "On the Use of Classroom Experiments in 'Aligned' Teaching," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 33(1), pages 61-72, March.
- Charles A. Holt, 1996. "Classroom Games: Trading in a Pit Market," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 193-203, Winter.
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