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Discovering Economics in the Classroom with Experimental Economics and the Scottish Enlightenment

Author

Listed:
  • Taylor Jaworski

    (University of Arizona)

  • Vernon Smith

    (Chapman University)

  • Bart Wilson

    (Chapman University)

Abstract

This paper describes a curriculum for teaching economics using laboratory experiments. The key features of the curriculum are the low technology barriers, complete instructions for running the experiment and debriefing the results, and a guide for teacher-led roundtable discussions motivated by the Scottish philosophers. Our main goal is to present economic principles to young students in a way that is both exciting and accessible, while emphasizing the discovery process underlying wealth creation in modern economies using laboratory experiments.

Suggested Citation

  • Taylor Jaworski & Vernon Smith & Bart Wilson, 2010. "Discovering Economics in the Classroom with Experimental Economics and the Scottish Enlightenment," International Review of Economic Education, Economics Network, University of Bristol, vol. 9(2), pages 10-33.
    • Handle: RePEc:che:ireepp:v:9:y:2010:i:2:p:10-33
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    File URL: https://www.economicsnetwork.ac.uk/iree/v9n2/jaworski.pdf
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    References listed on IDEAS

    as
    1. Sean Crockett & Vernon L. Smith & Bart J. Wilson, 2009. "Exchange and Specialisation as a Discovery Process," Economic Journal, Royal Economic Society, vol. 119(539), pages 1162-1188, July.
    2. Joseph Henrich, 2000. "Does Culture Matter in Economic Behavior? Ultimatum Game Bargaining among the Machiguenga of the Peruvian Amazon," American Economic Review, American Economic Association, vol. 90(4), pages 973-979, September.
    3. Joseph Henrich, 2000. "Does culture matter in economic behavior? Ultimatum game bargaining among the machiguenga," Artefactual Field Experiments 00067, The Field Experiments Website.
    4. Smith,Vernon L., 2009. "Rationality in Economics," Cambridge Books, Cambridge University Press, number 9780521133388.
    5. McCabe, Kevin A. & Rigdon, Mary L. & Smith, Vernon L., 2003. "Positive reciprocity and intentions in trust games," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 267-275, October.
    6. Vernon L. Smith, 1998. "The Two Faces of Adam Smith," Southern Economic Journal, Southern Economic Association, vol. 65(1), pages 2-19, July.
    7. Bart J. Wilson, 2011. "Using Experimental Economics to Understand Competition," Chapters, in: Josef Drexl & Wolfgang Kerber & Rupprecht Podszun (ed.), Competition Policy and the Economic Approach, chapter 12, Edward Elgar Publishing.
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    Cited by:

    1. Dupont, Brandon & Durham, Yvonne, 2021. "Adam Smith and the not so invisible hand: A revision for the undergraduate classroom," International Review of Economics Education, Elsevier, vol. 36(C).

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