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Full-Text Articles in Social and Behavioral Sciences
Teaching Economics Interactively: A Cannibal's Dinner Party, Ted Bergstrom
Teaching Economics Interactively: A Cannibal's Dinner Party, Ted Bergstrom
Ted C Bergstrom
This paper describes techniques that I use to teach economics principles "interactively". These techniques include classroom experiments and classroom clickers. The paper describes an experiment on market entry and gives examples of applications of classroom clickers. Clicker applications include the collection data about student preferences that can be used to construct demand curves and supply curves. Check on students' knowledge of central concepts. Play interactive games that illustrate economic concepts.
Experimental Markets And Chamberlin's Excess Trading Conjecture, Ted Bergstrom
Experimental Markets And Chamberlin's Excess Trading Conjecture, Ted Bergstrom
Ted C Bergstrom
Edward Chamberlin conjectured that the number of trades in realistic trading systems is likely to exceed that predicted by competitive equilibrium theory. He supported this conjecture by data from a large number of classroom experiments and with a plausible argument based on a numerical example. This paper states and proves a theorem that supports and illuminates Chamberlin's intuition, supplies examples of trading processes that lead to excess trading, and presents some additional experimental evidence.