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Case studies on location: Taking to the field in economics

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 308-317
Abstraksi Narasi : The author describes how to conceptualize and organize a successful, multi-day field trip organized around case study problem. By doing so, the instructor exposes students to diverse perspectives and leads them through the process of policy analysis from collecting and organizing information to identifying the relevant economic concepts and applying them in a complex real-world setting.

A classroom auction with externalities: Applied to mergers and acquisitions

Nama Pengarang : J. Patrick Meister, Kyle J. Anderson, Mark Griffin Smith, Steven Yamarik, Derek Pyne, Ranjit S. Dighe, Mark A. Thompson, Clifton T. jones, Jonathan B. Wight, Marc D. Hayford
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 297-307
Abstraksi Narasi : The authors describe an in-class exercise in which students participate in an auction to buy US Airways. The exercise is based on events of late 1995, in which neither United nor American Airlines decided to bid for US Airways. Two teams of students participate in an English auction. Students learn that the equilibrium of the sequential game is that neither firm bid and, thereby, learn why US Airways did not sell at that time. In addition, two other teams participate in a sealed-bid auction, in which US Airways will sell in equilibrium. Results typically have lined up with theoretical predictions.

Using game theory and the bible to build critical thinking skills

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 160-164
Abstraksi Narasi : The author describes a course designed to built the critical thinking skills of undergraduate economics students. The course introduces and uses game theory to study the Bible. Students gain experience using game theory to formalize events and, by drawing parallels between the Bible and common economic concepts, illustrate the pervasiveness of game-theoretic reasoning across topics within economics as well as various fields of study.

Using experiental learning techniques

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 143-152
Abstraksi Narasi : The author advocates the application of experiential learning in economics courses at the tertiary level. the author evaluates a range of learning methods, both passive and active, in a student survey that provides data on undergraduate attitudes to various class activities. The results indicate a clear student preference for learning activities in economics that can be described as experimental. Analysis of reported student preferences also detects differences according to gender and day or evening class attendance.

teaching real business cycles to undergraduates

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 229-247
Abstraksi Narasi : The authors review the graphical approach to teaching the real business cycle model introduced in Barro. They then look at where this approach cuts corners and suggest refinements. Finally, they compare graphical and exact models by means of impulse-response functions. The graphical models yield reliable qualitative results. Sizable quantitative differences exist, but these can partly be remedied by adding appropriate refinements when taught by experienced instructors. The graphical analysis of the real business cycle equips student with a first understanding of the economy's supply side and generates dynamics that will survive closer scrutiny later in the curriculum.

Longlinear approximate solutions to Real-Business-Cycle models: Some observations

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 194-207
Abstraksi Narasi : Following the analytical approach suggested in Campbell, the authors consider a baseline real-business-cycle (RBC) model with endogenous labor supply. They observe that the coefficients in the log linear approximation of the dynamic equation characterizing the equilibrium are related to the fundamental parameters in a relatively simple manner. These equations can be used to obtain the closed-form approximate solution with ease and to demonstrate the properties (uniqueness) of the solution with clarity. Furthermore, comparative static results can be confirmed analytically (by straightforward difference). Most of these conclusions can be generalized to more complicated RBC models.

Immiserizing growth as seen by Bhagwati, SAmuelson, and others

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 208-214
Abstraksi Narasi : Deskripsi abstrak ringkas tidak tersedia untuk artikel ini.

I thought I got an A! Overconfidence across the economics curriculum

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 131-142
Abstraksi Narasi : Student often exhibit overconfident grade expectations and tend to overestimate the actual course grade at the completion of a course. Current theories of student motivation suggest such overconfidence may lead students to study less than if they had accurate grade perceptions. The authors report the findings of a survey of student enrolled in economics and quantitative courses at a large public university. They analyze the difference between a student's expected and actual grade and how teacher pedagogies can influence student overconfidence. They find male students and those with lower GPAs exhibit greater overconfidence. Students in lower division classes have a greater tendency to be overconfident than do those in upper division classes. The findings also andicate that grading practices influence overconfidence.

Dynamic programming: An introduction by example

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 165-186
Abstraksi Narasi : Deskripsi abstrak ringkas tidak tersedia untuk artikel ini.

Doing a Monty: Who opened the door to this game for economists?

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 248-252
Abstraksi Narasi : The monty Hall three-door, "Let's Make a Deal" game, named after the 1970s television show, is used widely in economics, econometrics, statistics, and game-theory-based teaching, as well as in many other disciplines. Its solutions and underlying assumptions arouse great passion and argument, in both the academic and popular press. Most economists believe that the first popular elucidation of the game was presented by Nalebuff in the Journal of Economic Literature. However, the game and its controversial solution were spelled out in The American Statistician years earlier by Selvin, at the time a young biostatistician at the university of California at Berkeley. Mathematicians give him due credit. The author argues that economists should also recognize his contribution.
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