Instituting a Monetary Economy in a Semester-Long Macroeconomics Course

Autor/in	Valcarcel, Victor J.
Titel	Instituting a Monetary Economy in a Semester-Long Macroeconomics Course
Quelle	In: Journal of Economic Education, 44 (2013) 2, S.129-141 (13 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2013.770337
Schlagwörter	Macroeconomics; Economics Education; Learner Engagement; Student Participation; Educational Experiments; Teaching Methods; Concept Teaching; Instructional Effectiveness; Instructional Innovation; Classroom Techniques; Monetary Systems; Course Descriptions; Class Activities; Banking; Educational Objectives + Suchen Sie Ihr Suchwort? Makroökonomie; Wirtschaftskunde; Schülermitarbeit; Schülermitwirkung; Studentische Mitbestimmung; Schulversuch; Teaching method; Lehrmethode; Unterrichtsmethode; Unterrichtserfolg; Educational Innovation; Bildungsinnovation; Klassenführung; Monetary system; Währungssystem; Kursstrukturplan; Bankgeschäft; Educational objective; Bildungsziel; Erziehungsziel
Abstract	The author provides a general model to incentivize student involvement in an economics course on an ongoing basis. Rather than presenting students with a discrete number of diverse experiments to illustrate different economic concepts, he opts for the adoption of a single experiment that lives for the duration of the semester. This approach provides the flexibility to illustrate a substantial number of concepts while forgoing some of the more in-depth analysis typically afforded by more traditional one-day experiments. By instituting an experimental unit of currency that takes on value throughout the semester, many concepts related, but not exclusive, to income, redistribution, intertemporal substitution, and banking can be reinforced with minimal loss of lecture time due to setup and rule exposition. (Contains 1 table and 10 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10