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Social and Behavioral Sciences Commons

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Economics

Selected Works

Robert L Sexton

Economic Education

Articles 1 - 14 of 14

Full-Text Articles in Social and Behavioral Sciences

The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris Jun 2011

The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris

Robert L Sexton

The “surprise value” of many economic observations makes our discipline quite interesting for many students. One such anomaly is that providing “free” education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This result is easy to show with indifference curves, but many instructors of introductory courses do not introduce this analytical technique. As a consequence, a result that many students find quite interesting is seldom presented. We show here that it is easy to clarify the educational choice anomaly with ordinary supply and demand curves. Moreover, the exercise …


The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris Jun 2011

The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris

Robert L Sexton

The “surprise value” of many economic observations makes our discipline quite interesting for many students. One such anomaly is that providing “free” education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This result is easy to show with indifference curves, but many instructors of introductory courses do not introduce this analytical technique. As a consequence, a result that many students find quite interesting is seldom presented. We show here that it is easy to clarify the educational choice anomaly with ordinary supply and demand curves. Moreover, the exercise …


Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton Dec 2008

Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton

Robert L Sexton

The authors demonstrate that most textbooks are ambiguous at best in their treatment of cross-price elasticity and income elasticity of demand. There is also no discussion of what initiates a price increase in discussions of substitutes and complements in the textbooks examined. The authors offer a remedy for these deficiencies.


Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton Dec 2008

Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton

Robert L Sexton

The authors demonstrate that most textbooks are ambiguous at best in their treatment of cross-price elasticity and income elasticity of demand. There is also no discussion of what initiates a price increase in discussions of substitutes and complements in the textbooks examined. The authors offer a remedy for these deficiencies.


Using Short Movie And Television Clips In The Economics Principles Class, Robert L. Sexton Dec 2006

Using Short Movie And Television Clips In The Economics Principles Class, Robert L. Sexton

Robert L Sexton

The author describes a teaching method that uses powerful contemporary media, movie and television clips, to demonstrate the enormous breadth and depth of economic concepts. Many different movie and television clips can be used to show the power of economic analysis. The author describes the scenes and the economic concepts within those scenes for a number of movies.


Demand And Supply Curves: Rotations Versus Shifts, Philip E. Graves, Robert L. Sexton Aug 2006

Demand And Supply Curves: Rotations Versus Shifts, Philip E. Graves, Robert L. Sexton

Robert L Sexton

There is no abstract for this brief contribution.


Demand And Supply Curves: Rotations Versus Shifts, Philip E. Graves, Robert L. Sexton Aug 2006

Demand And Supply Curves: Rotations Versus Shifts, Philip E. Graves, Robert L. Sexton

Robert L Sexton

There is no abstract for this brief contribution.


Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee Dec 1995

Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief paper.


Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee Dec 1995

Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief paper.


The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee Dec 1992

The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.


The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee Dec 1992

The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.


The Short- And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves Dec 1992

The Short- And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves

Robert L Sexton

No abstract provided.


Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee Nov 1992

Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.


Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee Nov 1992

Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.