A Simulation Experiment of a Customs Union
Here a numerical simulation model, implemented in Excel, that can be used to expand student understanding of the theory of customs unions is presented. The model allows examination of core customs union issues including trade creation, trade diversion, and the KempWan theorem. By responding to an experimental assignment that guides them through the simulation, students are able to learn the theory in a hands-on manner. We also attempt to measure the effectiveness of our approach, and find evidence to suggest exposure to simulation improves student outcomes.
Volume (Year): 18 (2006)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: |
Fax: +44(0)117 331 4396
Web page: http://www.economicsnetwork.ac.uk/cheer
|Order Information:|| Email: |
References listed on IDEAS
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.:
- J. Wilson Mixon, Jr. & Soumaya Tohamy, 2001. "Using Microsoft Excel in Principles of Economics," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 14(2), pages 4-6.
- Robert Scollay & John P. Gilbert, 2001.
"New Regional Trading Arrangements in the Asia Pacific?,"
Peterson Institute Press: Policy Analyses in International Economics,
Peterson Institute for International Economics, number pa63, 03.
- Robert Scollay & John P. Gilbert, 2001. "New Regional Trading Arrangements in the Asia Pacific?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa63, December.
- Miles Cahill & George Kosicki, 2000. "Exploring Economic Models Using Excel," Southern Economic Journal, Southern Economic Association, vol. 66(3), pages 770-792, January.
- Soumaya M. Tohamy & J. Wilson Mixon, 2003. "Lessons from the Specific Factors Model of International Trade," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 139-150, January.
- John Gilbert, 2005. "A Trade War Simulation/Experiment in Excel," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 17(1), pages 4-8.
- Kemp, Murray C. & Wan, Henry Jr., 1976. "An elementary proposition concerning the formation of customs unions," Journal of International Economics, Elsevier, vol. 6(1), pages 95-97, February.
- Soumaya M. Tohamy, 2004. "Combining Fun and Learning in Principles of Economics Courses," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 16(1), pages 4-9.
When requesting a correction, please mention this item's handle: RePEc:che:chepap:v:18:y:2006:i:1:p:29-33. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin Poulter)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.