Social and Behavioral Sciences Commons^™

Open Syllabus, Dorina Tila

Open Educational Resources

This is an open syllabus for Principles of Macroeconomics course.

Supply, Demand, And Minimum Wage: Unraveling U.S. Wage Inequality From 1963-2021, Daniil Frolov

Publications and Research

From 1963 to 2021, the U.S. evolved from a manual to a knowledge-based economy, intensifying the wage gap between skilled and unskilled workers. Using the CPS ASEC supplements and building on Autor, Katz, and Kearny 2008, this study contrasts two perspectives: the traditionalist view, associating rising inequality with increased demand for skilled labor, and the revisionist view, which sees it as a one-off event due to declining real minimum wage. Analyzing 90-10 inequality, left-tail (50-10) vs. right-tail (90-50) inequality, and college vs. high-school wage premiums, findings suggest a secular rise in inequality driven by technological innovation and demand for skilled …

Intentional Group Curation Of Information (Open Pedagogy Example), Dorina Tila

Open Educational Resources

This assignment aims at making instruction student-centered where students would participate in the curation of content. Students are asked to explain the various economic topics using the economic terminology and personal experience. For example, in this assignment, the students are split in groups and asked to discuss and identify what their opportunity cost of getting a college degree is. They will discuss all the items that comprise the opportunity cost and the benefits of going to college and share this in real time with everyone else through a google document.

Assignment Learning Outcomes:

• Define and apply the notion of opportunity …

Intentional Individual Curation Of Information (Open Pedagogy Example), Dorina Tila

Open Educational Resources

This assignment aims at making instruction student-centered where students would participate in the curation of content. Using findings from prior conducted research and group discussions, students will present some economic indicators and the performance of the economy of a country of their choice (students self-selects the country to be researched). For example, the student is asked to identify the latest recession experienced by the selected country using the historical real GDP data collected and analyzed in stage two. Having identified the time of the recession, the student is asked to explain what happened to the other economic indicators, such as …

Unintentional Group Curation Of Information (Open Pedagogy Example), Dorina Tila

Open Educational Resources

This assignment aims at making instruction student-centered where students would participate in the curation of content but in an unintentional way. Students participate in classroom games that eventually unravel economic theory and they are unaware that they are doing it. This can be done by running experiments (e.g., double auction, or option to give a fine), collect the information, and sharing it with students. Comparing the results with the findings from the economic theory in textbook or findings in academic articles, will provide students with a better understanding of the material as they would have unintentionally proven or disproven the …

Principles Of Macroeconomics, Ernesto Garcia Iii

Open Educational Resources

No abstract provided.

Shocks To Aggregate Demand And Aggregate Supply In The Midst Of Covid-19, Anna M. Gellerman

Publications and Research

COVID-19 sent shockwaves throughout the economy, changing the amounts of goods and services distributed and altering the demand. This article discusses the negative demand shock and adverse supply shock that the U.S. economy faced in 2020, and the policies that the government implemented to reverse these effects.

Principles Of Microeconomics, Ernesto Garcia Iii

Open Educational Resources

No abstract provided.

Integrative And Contextual Learning In College Algebra: An Interdisciplinary Collaboration With Economics, Choon Shan Lai, Glenn Henshaw, Tao Chen, Soloman Kone

Publications and Research

Many students consider mathematics too abstract and useless for their academic and career goals. Meanwhile, instructors in quantitative disciplines such as economics find many students mathematically underprepared for their courses. The disconnect between students’ perceptions of the utility of mathematics and their life and career may have contributed to some of the under-performance in learning mathematics. Addressing this problem requires collaboration across disciplines to develop an understanding of each other’s needs, more specifically to develop an integrative platform that allows students to apply mathematical skills in interdisciplinary contexts (Ganter & Barker, 2004). We collaboratively designed and implemented an integrative platform …

Introduction To "The Oxford Handbook Of Ethics And Economics", Mark D. White

Publications and Research

Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths.

The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics; …

On The Relationship Between Economics And Ethics, Mark D. White

Publications and Research

Economics and ethics have been linked since the days of Adam Smith, but this connection became tenuous after the formalization of economic theory in the twentieth century, the success of which in academia, government, and business serves to insulate it from ethical critique. Nonetheless, a field of “economics and ethics” has developed to restore this connection, albeit in two directions with disparate methodological approaches: one applying mainstream economic theory, primarily based in utilitarian ethics, to topics of ethical concern, and the other incorporating alternate forms of ethics, such as deontology and virtue ethics, to enrich economic analysis.

Economic Literacy: An Introduction, Bettina E. Berch

Open Educational Resources

This is presentation of some basic economic ideas for the beginning, community college student.