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Insecure Participation: Experiments in a One-Day Introduction to Economics, with Revised Experiments and Exercises

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Author Info
Chris Geller () (Deakin University)

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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. 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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File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2006_32eco.pdf
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Publisher Info
Paper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2006_32.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 54 pages
Date of creation: 30 Nov 2006
Date of revision:
Handle: RePEc:dkn:econwp:eco_2006_32

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Postal: 221 Burwood Highway, Burwood 3125
Phone: 61 3 9244 3815
Web page: http://www.deakin.edu.au/buslaw/aef/index.php

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Related research
Keywords: 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

References listed on IDEAS
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  1. Holt, Charles A, 1996. "Classroom Games: Trading in a Pit Market," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 193-203, Winter. [Downloadable!] (restricted)
  2. 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. [Downloadable!]
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This page was last updated on 2009-12-9.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.