Experiments With Economic Principles
Language: English
Published by Mcgraw-Hill College (edition First Edition), 1996
- First Edition
- Softcover
- Used
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It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.
Seller Inventory # 0070059527-11-1
- Title
- Experiments With Economic Principles
- Author
- Theodore C. Bergstrom
- Publisher
- Mcgraw-Hill College (edition First Edition)
- Publication year
- 1996
- Condition
- Very Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0070059527
- ISBN 13
- 9780070059528
- Edition
- First Edition.
"Synopsis" may belong to another edition of this title.
From the Publisher
More real-world explanations in the discussion sections of each chapter help the student better understand the economic concepts
Some experiments are shortened. Busy work is de-emphasized in favor of more attention to learning concepts
Answers to the warm-up exercises are now included at the end of the text. These provide instant reinforcement as the student becomes comfortable with the experiment's procedures
A public goods experiment will be added thereby expanding the range of the experiments.
More modular packaging options are offered. One experiment is already on the Web. Individual chapters may be custom published and wrapped with any Irwin/McGraw-Hill principles of economics textbook. Instructions for modular packaging will be on the Web.
Experiments can be conducted in an ordinary classroom without special equipment. Topics covered are those typically taught in a Microeconomics course: Supply, demand, market equilibria, taxes, price floors and ceilings, externalities, monopolies, and comparative advantage. Students are engaged in active learning and theory is brought to life via the laboratory experiment.
While the text is meant to supplement any microeconomics principles text, it can and has been used by itself. "Discussion Sections" give an abbreviated treatment of economic theory relevant to completing the experiment.
Each experiment contains instructions and a warm-up exercise that helps students think about the decisions they will be making in the experiment. Thus, the experiment is put into a context before it is performed to highlight its significance and to enhance student understanding.
"Lab Reports" for each experiment ask students to analyze data from the experiment and think about economic implications. On completing their lab reports, the students can organize their findings and report their findings at the next class meeting. In discussion groups, the students look for a theoretical explanation of what happened and explore other applications in the real world.
At the end of the chapter, there is a homework assignment that will help students solidify the ideas that have been explored.
The Instructor's Manual is essential for instructors who are new to using experiments to teach economics.
"About the title" may belong to another edition of this title.
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