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...
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...