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The impact of analyzing economic events on the learning of undergraduate economic theory

Author

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  • Dean Craig, J.
  • Raisanen, Samuel R.

Abstract

We look at the effect of having students read and respond to articles regarding economic events on the learning of economic theory in both Intermediate Microeconomics and Intermediate Macroeconomics. Having students apply theoretical material to real world situations has spillover effects into the learning of theoretical material itself. By assigning articles and measuring performance on midterm exams in four intermediate theory courses during the 2007–2008 academic year, we find that each additional article a student completed resulted in an improvement of approximately two and one-half to three percentage points on that exam.

Suggested Citation

  • Dean Craig, J. & Raisanen, Samuel R., 2013. "The impact of analyzing economic events on the learning of undergraduate economic theory," International Review of Economics Education, Elsevier, vol. 14(C), pages 24-35.
    • Handle: RePEc:eee:ireced:v:14:y:2013:i:c:p:24-35
    DOI: 10.1016/j.iree.2013.10.001
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    Keywords

    Undergraduate teaching; Intermediate economic theory; Economic literacy;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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