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Using Empirical Point Elasticities to Teach Tax Incidence

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 356-368
Abstraksi Narasi : Using point elasticities rather than using either arc elasticities or slopes of demand and supply curves provides the best method for teaching students about the economic impacts of excise taxes. Not only does a point-elasticity approach simplify theoretical analysis of tax impacts, but it also allows instructors to take advantage of publicly available empirical estimates of demand and supply elasticities to show students how theoretical results can be applied to realworld tax policy issues. To illustrate these advantages, the authors use several available estimates of point elasticities of demand and supply of raw sugar to calculate the economic impacts of a recently proposed penny-per-pound tax on raw cane sugar grown in the Florida Everglades.

Teaching Comparative Statics with Microsoft Excel

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 397
Abstraksi Narasi : -

Pedagogy, Gender, and Interest in Economics

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 323-343
Abstraksi Narasi : Using a large multi-school sample, the authors examined how the characteristics and attitudes of students interact with the pedagogy and attributes of the instructor to influence students` decisions on study economics beyond the first semester. They found that students who have a predisposition to major in economics, who find economics relevant, who believe they understand economics as well as their other classmates, and who expect higher grades in economics relative to their other classes are more likely to continue. They found evidence that teaching techniques and evaluation methods influence all of these factors except for the predisposition to major in economics. Some, but not all, of these techniques are particularly successful in influencing the decisions of female students.

Oil- Price Shocks: Beyond Standard Aggregate Demand/Aggregate Supply Analysis

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 381-386
Abstraksi Narasi : The author explores the problems of portraying oil-price shocks using the aggregate demand/aggregate supply model. Although oil-price shocks are the most commonly cited examples of aggregate supply shocks, they violate the model`s assumption of constant relative prices (as acknowledge by the label, "oil-price shocks"). The resulting problems are effectively masked in textbook presentations by implicitly assuming that the supply shocks occur in a closed economy. However, the typical discussion is glaringly inaccurate when discussing the effects of oil-price shocks on oil-rich countries. Thus, the cogency of the standard model`s representation of oil-price shocks on open economies is compromised. A simple modification of the model that differentiates between production and absorption goods enables it to better reflects of oil-price shocks on open economies.

Modeling Student Subject Choice at Secondary and Tertiary Level: A Cross-Section Study

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 311-320
Abstraksi Narasi : Cross-section data on secondary level student choices provide evidence on factors influencing the decision to study economics. Such evidence makes a key contribution to the broader debates on why student numbers have been falling in economics and why women are reluctant economists. Greater mathematical aptitude and prior knowledge of the subject influence the decision to study economics, and a significant effect is attributable to relative underachievement in economics. There are also significant peer group and teacher effects. Female students are more likely to study economics when there is a critical mass of women studying the subject. There is a positive role model effect of female teachers--although this does not carry over to the decision to continue with economics at the university.

Do Graphs Promote Learning in Principles of economics?

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 299-310
Abstraksi Narasi : The authors tested whether student performance in the principles of economics course is affected by the use of graphs as part of a lecture. They conducted two experiments at the University of South Carolina, one in spring 1995 and another in spring 1997. Students were randomly assigned to either a nographs lectures (both lectures were videotaped). The authors found that students in the lecture with graphs in 1995 had significantly lower gain scores than those in the no-graphs lecture. For 1997, they found no significant differences in student performance between the two groups.

A Note on Inflation Targeting

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 369-380
Abstraksi Narasi : The authors present a pedagogical graphical exposition to illustrate the stabilizing effect of price target zones. Based on a textbook AD-AS apparatus, they find that authorities` commitment to defend a price target zone will affect the public`s inflation expectations and, in turn, reduce actual inflation. They also find that, when the economy experiences suplly shocks, the announcement that the monetary authorities intend to defend a price target zone will reduce the variability of domestic prices but raise the variability of domestic output relative to a free-price regime. However, when the economy experiences demand shocks, a price target zone tends to lower the variability of both domestic prices and output relative to free-price regime.

A Benchmark Profile of Economics Departments in 15 Private Universities

Nama Pengarang : James Dearden, Larry Taylor, Robert Thornton, Ching-chong Lai, Juin-jen Chang, Elchanan Cohn, John Ashworth, J. Lynne Evans, Elwood, S. Kirk, Elizaberth J. Jensen, Owen, Ann L., Humberto Barreto, John R. Swinton, Thomas, Christopher R., Denise L. Stanly
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 387-396
Abstraksi Narasi : During the spring of 1999, the authors completed a benchmarking survey of 15 economics departments in private universities as part of a strategic planning exercise. All are selective medium-sized institutions that experience roughly the same types of market pressures and compete for the same types of students. The authors report the information gleaned from the survey concerning such items as departmental resources, teaching loads, class sized departmental research expectations, and weigths given to research, teaching, and service in salary determination and promotion. The authors believe that their results and methods might be useful to other economics departments engaging in benchmaking exercises.

The Scholarship of Teaching Economics

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 195-202
Abstraksi Narasi : The authors provide an overview of papers presented at The Scholarship of Teaching Economics conference that was held at The University of Melbourne in July 2000. The objective of the conference was to bring attention to research being conducted in economic education at the tertiary level and to engage academic economists in discussion about the scholarship of teaching economics. The presentations of seven of the keynote speakers are discussed using the framework of who, what, and how of teaching economics. Who should determine the curriculum? What should be taught? And how should it be taught?

Teaching the Minimum Wage in Econ 101 in Light of the New Economics of the Minimum Wage

Nama Pengarang : -
Nama Majalah/Jurnal : The Journal of Economic Education
Volume / Nomor Edisi : -
Nomor Halaman : 243-258
Abstraksi Narasi : The author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search models, and to teach students how economists hypotheses with data.
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