This hands-on multi-class exercise allows students to physically confront the marginal trade-offs that are inherent in many economic situations. It helps students with limited mathematical training better visualize how...
Managerial economics is one of the most applied areas of economics. Managerial economics teaches students how to use the tools of economics to, make decisions. As a result, this class is most effective if it simulates what...
Instructors teaching empirical techniques in managerial economics or economic and business statistics courses often face a dilemma. The typical student in these classes has less mathematical sophistication than those in...
In introductory and intermediate microeconomics courses, students are taught about production functions and cost functions but rarely are they shown a direct link between production and cost. If we assume production is...
The article discusses the use of a barter Edgeworth box in teaching students in economic classes about the connection between distributive efficiency and exchange.
, Published as:
Erfle, Stephen. "On Using a...