Since 1995, the Buck Institute has partnered with university economists and expert teachers to create the Problem Based Economics curriculum. The curriculum was developed to respond to NCEE (National Council on Economic Education) standards, and it is supported by professional development for teachers. This study examines whether the Problem Based…

The author argues that the college textbook market provides a clear example of monopoly seeking as described by Tullock (1967, 1980). This behavior is also known as rent seeking. Because this market is important to students, this example of rent seeking will be of particular interest to them. (Contains 24 notes.)

"Economies in Transition" (hereafter EIT or EITs) are countries in the process of shifting from "command" to "more open", liberalized, free market economic systems. In addition to achieving major structural adjustments to their economies, the transformational process requires the introduction of a high degree of…

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…

Because statistical analysis requires the ability to use mathematics, students typically are required to take one or more prerequisite math courses prior to enrolling in the business statistics course. Despite these math prerequisites, however, many students find it difficult to learn business statistics. In this study, we use an ordered probit…

This paper investigates the determinants of student attendance of economics classes. Course-specific and individual-specific factors are shown to have significant impacts on class attendance. It was found that female students and overseas students skip classes less often. Surprisingly, students involved in extra-curricular activities attend…

A major challenge in conducting classroom experiments for larger classes is the complexity of assembling responses and reporting feedback to students. The author demonstrates how mobile phone text messaging can be used to overcome the limitations of pencil-and-paper experiments without incurring the costs of full computerization. Students submit…

During the twenty to twenty-five years after World War II, children in the United States were increasingly taught to understand their nation, its history, and its economic greatness--as an "economy"--rather than in social, moral, philosophical, or political terms. During this time period, not only did an economics education movement…

This article reports on the dispute about the creation of an institute named for the late economist and free-market advocate Milton Friedman at the University of Chicago. Five months after the University of Chicago announced plans to invest $200-million in an economics institute named for the late Milton Friedman, the project is still generating…

In the present article, the relevant and little-studied issue of the typology of instructors in institutions of higher learning is examined using the example of educators conducting the cycle of economic disciplines. In 2003 and 2004 a survey was conducted of the corps of instructors in fourteen higher educational institutions of four cities…

The authors describe a classroom experiment that illustrates the research and development investment incentives facing firms when technological spillovers are present. The game involves two stages in which student "sellers" first make investment decisions and then production decisions. The classroom game can be used to motivate…

In this article, the author examines a number of issues in colleges of commerce in their formative period from 1900 to 1930. He discusses 4 areas: content of business curriculum, professional nature of business and business schools, social responsibility of corporate managers, and integration of the business curriculum. Many of the topics are…

Economics education has been a topic of research interest to many economists. In addition, the philosophical and ethical content of economics and its role in economics education has been an issue of discussion. Chapter 1 of my dissertation addresses what topics should be ignored in a principles of microeconomics class, what the goal of the…

The authors describe key aspects of precollege and undergraduate economic education in Korea. They show that precollege students seem to have low economics literacy due to problems with the curriculum and insufficient training of teachers. At the undergraduate level, they show that economics departments have more male students than female students…

We analyze entry, pricing, and product design in a model with differentiated products. Market equilibrium can be "separating," with multiple sellers and a sorting of heterogeneous consumers across goods, or "exclusionary," with one seller serving all customer types. Entry into an initially monopolized market can occur because of cost reductions or…