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Teaching marginal revenue product using Moneyball

In: Teaching Sports Economics and Using Sports to Teach Economics

Author

Listed:
  • Dustin White
  • Jadrian Wooten

Abstract

Moneyball is considered one of the most popular films to teach economics, and can be used to teach the concept and limitations of marginal revenue product theory. We outline a class project and online simulator that can be used in a variety of economics courses. Students aren't required to have any prior knowledge of baseball statistics to complete the project, and all data is freely available online. The objective of the project and simulator is to improve student understanding of the theory of marginal revenue product and to provide students an introduction to data analysis. Resources for the project are available at no cost online at http://moneyballsimulator.info

Suggested Citation

  • Dustin White & Jadrian Wooten, 2022. "Teaching marginal revenue product using Moneyball," Chapters, in: Teaching Sports Economics and Using Sports to Teach Economics, chapter 16, pages 235-240, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20612_16
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    Keywords

    Economics and Finance; Teaching Methods;

    Statistics

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