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Social and Behavioral Sciences Commons™
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Articles 1 - 10 of 10
Full-Text Articles in Social and Behavioral Sciences
Learning Effects Of The Flipped Classroom In A Principles Of Microeconomics Course Running Header: Flipped Principles Of Micro, Erik Craft, Maia K. Linask
Learning Effects Of The Flipped Classroom In A Principles Of Microeconomics Course Running Header: Flipped Principles Of Micro, Erik Craft, Maia K. Linask
Economics Faculty Publications
The authors of this article estimate the learning effects of the flipped classroom format using data from 16 sections of principles of microeconomics over a 4-year period. The experimental design is unique in that two treatment and two control sections were taught during the fall semester in four consecutive years. Further, the instructor switched the time of day when the treatment and control sections were taught each year. Controlling for gender, ACT score, a normed high school GPA, Pell Grant award, time of day, and initial knowledge of economics, the authors find no evidence of increased learning using end-of-semester measures …
Setting An Agenda For The Future, Sam Allgood, Kimmarie Mcgoldrick
Setting An Agenda For The Future, Sam Allgood, Kimmarie Mcgoldrick
Economics Faculty Publications
Anniversaries are a time for reflection and planning for the future. The fiftieth year of the Journal of Economic Education motivated us to invite those who have been intimately involved with the Journal to provide reflections, which appear within this symposium. In addition to providing a wealth of information about the past, they set the stage for initiatives that support the path forward.
Switching Majors – Into And Out Of Economics, Tisha L. N. Emerson, Kimmarie Mcgoldrick
Switching Majors – Into And Out Of Economics, Tisha L. N. Emerson, Kimmarie Mcgoldrick
Economics Faculty Publications
Using student transcripts from six institutions over a 23-year timespan, the authors investigate the movement of students into and out of the economics major. Considerable movement between majors occurs with 83 percent of economics graduates switching in after their first principles course. These eventual majors come from a variety of sources, but primarily from business, engineering, science & math. In an absolute sense, weaker students (as measured by cumulative GPA) switch into economics. However, students appear to move to disciplines of relative academic strength (as indicated by relative grades). While females from other majors are less likely to switch into …
What Should We Teach In Intermediate Macroeconomics?, Dean D. Croushore
What Should We Teach In Intermediate Macroeconomics?, Dean D. Croushore
Economics Faculty Publications
The major focus of a course in Intermediate Macroeconomics is building and understanding macroeconomic models and how they work. The course is the most analytical course in the curriculum and should lead students to embark on deep thinking about models and equilibrium. Students learn the essentials of a model and develop the concept of how to simplify a model to understand key concepts. Once the core of a model is developed, additional model features can be added to increase realism. Perhaps the most important macroeconomic concept in the course is that of general equilibrium—students learn to go beyond examining initial …
50 Years Of Economic Instruction In The Journal Of Economic Education, Gail M. Hoyt, Kimmarie Mcgoldrick
50 Years Of Economic Instruction In The Journal Of Economic Education, Gail M. Hoyt, Kimmarie Mcgoldrick
Economics Faculty Publications
With 2019 marking the fiftieth year of publication of the Journal of Economic Education (JEE), it seems fitting to examine the evolution of economic instruction as portrayed in the Journal. Born of the American Economic Association (AEA), and first edited by members of the AEA’s Committee on Economic Education (Saunders 2012), it is not surprising that the Journal’s focus as chronicler, proponent, and outlet for economic education activity reflects the educational component of the American Economic Association’s mission. The creation of the Journal signaled a self-awareness in the discipline that we needed to be more deliberate in …
Teaching Courses In Macroeconomics And Monetary Policy With Bloomberg Analytics, Dean D. Croushore, Hossein S. Kazemi
Teaching Courses In Macroeconomics And Monetary Policy With Bloomberg Analytics, Dean D. Croushore, Hossein S. Kazemi
Economics Faculty Publications
In this article, the authors illustrate the use of Bloomberg for analyzing topics in macroeconomics and monetary policy in economics and finance courses. The hands-on experience that students gain from such a course has many benefits, including deeper learning and clearer understanding of data. The authors describe goals and learning objectives, then compare Bloomberg with Federal Reserve Economic Data (FRED). In addition, they provide examples of how to use Bloomberg in the classroom, describe how to have students perform sector analysis, show how Bloomberg tools are useful for analyzing monetary policy, discuss how to use Bloomberg to analyze the financial …
Currency Unions And Trade: A Ppml Re-Assessment With High-Dimensional Fixed Effects, Mario Larch, Joschka Wanner, Yoto V. Yotov, Thomas Zylkin
Currency Unions And Trade: A Ppml Re-Assessment With High-Dimensional Fixed Effects, Mario Larch, Joschka Wanner, Yoto V. Yotov, Thomas Zylkin
Economics Faculty Publications
Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many countries and years in order to obtain reliable estimates. However, for large samples, computational issues associated with the three-way (exporter-time, importer-time, and country-pair) fixed effects currently recommended in the gravity literature have heretofore limited the choice of estimator, leaving an important methodological gap. To address this gap, we introduce an iterative Poisson Pseudo-Maximum Likelihood (PPML) estimation procedure that facilitates the inclusion of these fixed effects for large data sets and also allows for correlated errors across countries and time. When applied to a …
Antecedents To The Crisis: Mandeville, Smith, And Keynes, Jonathan B. Wight
Antecedents To The Crisis: Mandeville, Smith, And Keynes, Jonathan B. Wight
Economics Faculty Publications
The purpose of this paper is to present the methods of teaching about the global financial crisis (GFC) from a social economic perspective. Using primary texts from the history of economic thought, the moral underpinnings for collective social action are examined in times of economic depression. The deregulation of financial markets raises two questions: to what extent is deregulation the result of a misunderstanding about human nature and the behavioral lessons of social economics; and to what extend does deregulation ignore the moral lessons of Adam Smith’s invisible hand?
Fiscal Surprises At The Fomc, Dean D. Croushore, Simon Van Norden
Fiscal Surprises At The Fomc, Dean D. Croushore, Simon Van Norden
Economics Faculty Publications
We examine a new set of U.S. fiscal forecasts from FOMC briefing books. The forecasts were precisely those presented to monetary policymakers and include frequently updated estimates covering six complete business cycles and several fiscal-policy regimes. We detail the performance of forecast federal expenditures, revenues, surpluses, and structural surpluses in terms of accuracy, bias, and efficiency. We find that forecast errors can be economically large, even at relatively short forecast horizons. While economic activity became less volatile after 1990, fiscal policy became harder to forecast. Finally, cyclically adjusted deficit forecasts appear to be overoptimistic around both business cycle peaks and …
On The Widely Differing Effects Of Free Trade Agreements: Lessons From Twenty Years Of Trade Integration, Scott L. Baier, Yoto V. Yotov, Thomas Zylkin
On The Widely Differing Effects Of Free Trade Agreements: Lessons From Twenty Years Of Trade Integration, Scott L. Baier, Yoto V. Yotov, Thomas Zylkin
Economics Faculty Publications
We develop a novel two stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different trading pairs for the years 1986-2006. We then employ these estimates as our dependent variable in a “second stage” analysis characterizing the heterogeneity in these effects. Interestingly, most of this heterogeneity (∼ 2/3) occurs within FTAs (rather than across different FTAs), with asymmetric effects within pairs (on exports …