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The Invisible Hand in Action -- An Interactive Classroom Experience

Author

Listed:
  • Daniel M. Settlage

    (University of Arkansas - Fort Smith)

  • Jim R. Wollscheid

    (University of Arkansas - Fort Smith)

Abstract

The economic concepts of market formation, industrial organization, and the behavioral implications of market structure are difficult for students to conceptualize. In this paper, we establish ...

Suggested Citation

  • Daniel M. Settlage & Jim R. Wollscheid, 2019. "The Invisible Hand in Action -- An Interactive Classroom Experience," Journal of Economics Teaching, Journal of Economics Teaching, vol. 4(1), pages 40-59, May.
    • Handle: RePEc:jtc:journl:v:4:y:2019:i:1:p:40-59
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    References listed on IDEAS

    as
    1. Michael Watts & William E. Becker, 2008. "A Little More than Chalk and Talk: Results from a Third National Survey of Teaching Methods in Undergraduate Economics Courses," The Journal of Economic Education, Taylor & Francis Journals, vol. 39(3), pages 273-286, July.
    2. Gerald Eisenkopf & Pascal Sulser, 2013. "A Randomized Controlled Trial of Teaching Methods: Do Classroom Experiments improve Economic Education in High Schools?," TWI Research Paper Series 80, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    3. Sheryl B. Ball & Catherine Eckel & Christian Rojas, 2006. "Technology Improves Learning in Large Principles of Economics Classes: Using Our WITS," American Economic Review, American Economic Association, vol. 96(2), pages 442-446, May.
    4. Alan Grant & Jim Bruehler & Andreea Chiritescu, 2016. "Herd Immunity: A Classroom Experiment," Journal of Economics Teaching, Journal of Economics Teaching, vol. 1(1), pages 7-16, June.
    5. Frank, Bjorn, 1997. "The Impact of Classroom Experiments on the Learning of Economics: An Empirical Investigation," Economic Inquiry, Western Economic Association International, vol. 35(4), pages 763-769, October.
    6. Gerald Eisenkopf & Pascal A. Sulser, 2016. "Randomized controlled trial of teaching methods: Do classroom experiments improve economic education in high schools?," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(3), pages 211-225, July.
    7. Tisha L. N. Emerson & Beck A. Taylor, 2004. "Comparing Student Achievement across Experimental and Lecture-Oriented Sections of a Principles of Microeconomics Course," Southern Economic Journal, John Wiley & Sons, vol. 70(3), pages 672-693, January.
    8. Tisha L. N. Emerson & Linda English, 2016. "Classroom Experiments: Is More More?," American Economic Review, American Economic Association, vol. 106(5), pages 363-367, May.
    9. Basu, Kaushik, 1994. "The Traveler's Dilemma: Paradoxes of Rationality in Game Theory," American Economic Review, American Economic Association, vol. 84(2), pages 391-395, May.
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    Cited by:

    1. Daniel M. Settlage & Jim R. Wollscheid, 2021. "Teaching with the Debt Fixer: An Interactive Online Tool to Manage the National Debt," Journal of Economics Teaching, Journal of Economics Teaching, vol. 5(4), pages 152-170, April.

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    More about this item

    Keywords

    games; K-12; principles;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • 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

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