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International Handbook on Teaching and Learning Economics
The International Handbook on Teaching and Learning Economics provides a comprehensive resource for instructors and researchers in economics, both new and experienced. This wide-ranging collection is designed to enhance student learning by helping economic educators learn more about course content, pedagogic techniques, and the scholarship of the teaching enterprise.
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Critical Acclaim
Contributors
Contents
More Information
The International Handbook on Teaching and Learning Economics provides a comprehensive resource for instructors and researchers in economics, both new and experienced. This wide-ranging collection is designed to enhance student learning by helping economic educators learn more about course content, pedagogic techniques, and the scholarship of the teaching enterprise.
The internationally renowned contributors present an exhaustive compilation of accessible insights into major research in economic education across a wide range of topic areas including:
• Pedagogic practice – teaching techniques, technology use, assessment, contextual techniques, and K-12 practices.
• Research findings – principles courses, measurement, factors influencing student performance, evaluation, and the scholarship of teaching and learning.
• Institutional/administrative issues – faculty development, the undergraduate and graduate student, and international perspectives.
• Teaching enhancement initiatives – foundations, organizations, and workshops.
Grounded in research, and covering past and present knowledge as well as future challenges, this detailed compendium of economics education will prove an invaluable reference tool for all involved in the teaching of economics: graduate students, new teachers, lecturers, faculty, researchers, chairs, deans and directors.
The internationally renowned contributors present an exhaustive compilation of accessible insights into major research in economic education across a wide range of topic areas including:
• Pedagogic practice – teaching techniques, technology use, assessment, contextual techniques, and K-12 practices.
• Research findings – principles courses, measurement, factors influencing student performance, evaluation, and the scholarship of teaching and learning.
• Institutional/administrative issues – faculty development, the undergraduate and graduate student, and international perspectives.
• Teaching enhancement initiatives – foundations, organizations, and workshops.
Grounded in research, and covering past and present knowledge as well as future challenges, this detailed compendium of economics education will prove an invaluable reference tool for all involved in the teaching of economics: graduate students, new teachers, lecturers, faculty, researchers, chairs, deans and directors.
Critical Acclaim
‘The International Handbook on Teaching and Learning Economics is a power packed resource for anyone interested in investing time into the effective improvement of their personal teaching methods, and for those who desire to teach students how to think like an economist. It sets guidelines for the successful integration of economics into a wide variety of traditional and non-traditional settings in college and graduate courses with some attention paid to primary and secondary classrooms. . . The International Handbook on Teaching and Learning Economics is highly recommended for all economics instructors and individuals supporting economic education in courses in and outside of the major. This Handbook provides a multitude of rich resources that make it easy for new and veteran instructors to improve their instruction in ways promising to excite an increasing number of students about learning economics. This Handbook should be on every instructor’s desk and referenced regularly.’
– Tawni Hunt Ferrarini, The American Economist
‘In delightfully readable short chapters by leaders in the sub-fields who are also committed teachers, this encyclopedia of how and what in teaching economics covers everything. There is nothing else like it, and it should be required reading for anyone starting a teaching career – and for anyone who has been teaching for fewer than 50 years!’
– Daniel S. Hamermesh, University of Texas, Austin, US
– Tawni Hunt Ferrarini, The American Economist
‘In delightfully readable short chapters by leaders in the sub-fields who are also committed teachers, this encyclopedia of how and what in teaching economics covers everything. There is nothing else like it, and it should be required reading for anyone starting a teaching career – and for anyone who has been teaching for fewer than 50 years!’
– Daniel S. Hamermesh, University of Texas, Austin, US
Contributors
Contributors: W.T. Alpert, C. Asarta, J. Bangs, D. Barbezat, R.L. Bartlett, M.E. Benedict, R.D. Blair, F.D. Blau, C.E. Bohanon, W. Bosshardt, S. Buckles, J. Calhoun, J.F. Casey, A.J. Cohen, P. Conway, J.N. Corey, D. Croushore, P. Davies, D.H. Dean, S.B. DeLoach, R.C. Dolan, A. Duhs, C.P. Durrance, K.G. Elzinga, T. Emerson, R.B. Emmett, D.M. Figart, P. Fishback, C.L. Foote, R.H. Frank, L.M. Froeb, R.F. Garnett Jr., W.L. Goffe, A.H. Goldsmith, A.C. Goodman, R.J.B. Goodman, S.A. Greenlaw, P.W. Grimes, W.A. Grove, R. Guest, J.D. Gwartney, T.C. Haab, W.L. Hansen, J.E. Harrington Jr., D. Hazlett, B.T. Hirsch, J. Hoag, C.A. Holt, J.S. Howell, G.M. Hoyt, B.R. Humphreys, J. Imazeki, E.J. Jensen, M.M. Kassis, P.E. Kennedy, M.A. Leeds, L.Y. Lewis, J.S. Lopus, M.A. MacDowell, M. Maier, D. Mateer, W.A. McEachern, K. McGoldrick, D.P. McMillen, H. Meyers, J.D. Miller, E. Mittelstaedt, F.G. Mixon Jr., W. Nicholson, P. Nickless, O. Norrbin, S.C. Norrbin, E.O. Olsen, A.L. Owen, L. Paringer, E. Perry-Sizemore, I. Pomorina, J. Reardon, K. Rebeck, R.P. Rebelein, M. Ripoll, R. Robertson, M.K. Salemi, S.L. Sasser, P. Saunders, A. Schiff, G. Schneider, J. Shackelford, J.J. Siegfried, S. Simkins, J. Sloman, W.A. Stock, T.S. Ulen, M.A. Vachris, P. von Allmen, W. Waller, W. Walstad, J.C. Ward, J.C. Whitehead, C. Wiepcke, J.B. Wight, A.E. Winkler, J.M. Wooldridge, S. Wu, A.L. Ziegert, J.P. Ziliak
Contents
Contents:
Preface
Foreword
William Walstad
PART I: A HISTORY OF ECONOMIC EDUCATION
1. Phillip Saunders
PART II: TEACHING
Section A – Techniques
2. Case Use in Economics Instruction
Patrick Conway
3. Teaching with Context-Rich Problems
Joann Bangs
4. Using Cooperative Learning Exercises in Economics
KimMarie McGoldrick
5. Improving Classroom Discussion in Economics Courses
W. Lee Hansen and Michael K. Salemi
6. Let Experience be the Guide: Experiential Education in Economics
KimMarie McGoldrick and Andrea L. Ziegert
7. Classroom Experiments
Tisha Emerson and Denise Hazlett
8. Interactive Lecture Demonstrations: Adapting a Physics Education Pedagogy for Use in the Economics Classroom
Mark Maier
9. Using Just-in-Time Teaching to Promote Student Learning in Economics
Scott Simkins
10. Making the Large-Enrollment Course Interactive and Engaging
Stephen Buckles, Gail M. Hoyt and Jennifer Imazeki
11. Teaching Economics Socratically
Kenneth G. Elzinga
12. Writing for Learning in Economics
Elizabeth Perry-Sizemore and Steven A. Greenlaw
Section B – Technology
13. Incorporating Media and Response Systems in the Economics Classroom
Joseph Calhoun and Dirk Mateer
14. Distance Education: Course Development and Strategies for Success
Mary Mathewes Kassis
15. Economics Blogs and Economic Education
Timothy C. Haab, Aaron Schiff, John C. Whitehead
Section C – Assessment
16. Methods of Assessment in the College Economics Course
Ken Rebeck and Carlos Asarta
17. An Expected Proficiencies Approach to the Economics Major
W. Lee Hansen
Section D – Contextual Techniques
18. Ethics and Critical Thinking
Jonathan B. Wight
19. Feminist Pedagogy and Economics
Jean Shackelford
20. Integrating Race, Gender and Class
Robin L. Bartlett
21. Economics and Literature: The Gains from Trade
Cecil E. Bohanon and Michelle Albert Vachris
22. The Interdisciplinary Approach to Teaching Economics
Arthur H. Goldsmith and James F. Casey
23. Pluralism in Economics Education
Robert F. Garnett, Jr. and Jack Reardon
24. Threshold Concepts in Economics Education
Peter Davies
Section E – Elementary, Secondary Economic Education
25. Economic Education in American Elementary and Secondary Schools
Paul W. Grimes
26. Organizations Focused on Economic Education
Sue Lynn Sasser and Helen Meyers
PART III: RESEARCH
Section A – Principles Courses
27. The Purpose, Structure and Content of the Principles of Economics Course
Geoffrey Schneider
28. The Principles of Economics Textbook: Content Coverage and Usage
Jane S. Lopus and Lynn Paringer
Section B – Measurement Techniques of Student Performance and Literacy: College and High School
29. Measurement Techniques of Student Performance and Literacy: College and High School
Carlos Asarta and Ken Rebeck
Section C – Factors Influencing Student Performance in Economics
30. Research on the Effectiveness of Non-Traditional Pedagogies
Joshua D. Miller and Robert P. Rebelein
31. Factors Influencing Performance in Economics: Graphs and Quantitative Usage
Mary Ellen Benedict and John Hoag
32. Student Characteristics, Behavior, and Performance in Economics Classes
Ann L. Owen
33. Factors Influencing Student Performance in Economics: Class and Instructor Characteristics
Wayne A. Grove and Stephen Wu
Section D – What Every Economist Should Know About the Evaluation of Teaching: A Review of Literature
34. What Every Economist Should Know About the Evaluation of Teaching: A Review of the Literature
Stephen B. DeLoach
Section E – Scholarship of Teaching and Learning
35. Data Resources and Econometric Techniques
William Bosshardt and Peter E. Kennedy
36. Lessons from Physics Education Research: Lessons for Economics Education
Mark Maier and Scott Simkins
37. Journals and Beyond: Publishing Economics Education Research
Peter Davies and William L. Goffe
PART IV: CONTENT
38. Less is More: The Perils of Trying to Cover too Much in Microeconomic Principles
Robert H. Frank
39. Macroeconomic Principles are Still Relevant and Still Important
William A. McEachern
40. Teaching Non-Majors
Deborah M. Figart
41. Intermediate Microeconomics
Walter Nicholson
42. Intermediate Macroeconomics
Christopher L. Foote
43. Teaching Undergraduate Econometrics
Jeffrey M. Wooldridge
44. An Interdisciplinary Approach to Teaching Antitrust Economics
Roger D. Blair and Christine Piette Durrance
45. The Economics of Education: Applying Economic Theory and Empirical Tools to Public Policy
Jessica S. Howell
46. Environmental and Natural Resource Economics: Teaching the Non-Major and Major Simultaneously
Lynne Y. Lewis
47. Teaching Experimental Economics: Reinforcing Paradigms and Bringing Research into the Undergraduate Classroom
Charles A. Holt
48. Game Theory in a Liberal Arts Education
Joseph E. Harrington, Jr.
49. Teaching a Research-Inspired Course on Growth and Development
Marla Ripoll
50. Teaching American Economic History
Price Fishback and Pamela Nickless
51. The Economic History of European Growth
Daniel Barbezat
52. Why and How to Teach the History of Economic Thought: Economics as Historically Produced Knowledge
Avi J. Cohen and Ross B. Emmett
53. Health Economics – Methods for a New Field
Allen C. Goodman
54. Teaching Undergraduate Industrial Organization Economics
Elizabeth J. Jensen
55. Teaching International Finance, Adapting to Globalization
Stefan C. Norrbin and Onsurang Norrbin
56. Teaching International Trade by Bridging the Gap between Theory and Practice
Raymond Robertson
57. Building Human Capital in the Labor Economics Course
Barry T. Hirsch
58. The Challenges and Pleasures of Teaching Law and Economics
Thomas S. Ulen
59. Teaching Managerial Economics with Problems Instead of Models
Luke M. Froeb and James C. Ward
60. Using Real-World Applications to Policy and Everyday Life to Teach Money and Banking
Dean Croushore
61. Teaching Political Economy to Undergraduate Students
William Waller
62. Some Reflections on Teaching the Economics of Poverty
James P. Ziliak
63. Public Economics
Edgar O. Olsen
64. Sports Economics as Applied Microeconomics
Peter von Allmen, Michael A. Leeds and Brad R. Humphreys
65. Using Location, Agglomeration, and Policy Issues to Teach Urban Economics
Daniel P. McMillen
66. Women and Men in the Economy
Francine D. Blau and Anne E. Winkler
PART V: INSTITUTIONAL / ADMINISTRATIVE
Section A – Faculty Development: Mentoring, Evaluation, Documentation and Resources
67. Faculty Development: Mentoring, Evaluation, Documentation and Resources
Rae Jean B. Goodman
Section B – Undergraduate Education
68. The Economics Major in the United States
John J. Siegfried
69. Curricular and Co-curricular Aspects of the Economics Major at Highly Ranked Schools
David H. Dean and Robert C. Dolan
Section C – The Characteristics of Economics Graduate Students
70. The Characteristics of Economics Graduate Students
Wendy A. Stock
Section D – International Economic Education
71. Supporting Economics Higher Education in the United Kingdom
John Sloman and Inna Pomorina
72. Economics Education in Australia
Alan Duhs and Ross Guest
73. Ordonomics and the Current State of Economic Education in Germany
Ewald Mittelstaedt and Claudia Wiepcke
PART VI: INITIATIVES FOR TEACHING ENHANCEMENT
Section A – Private, Corporate and Government Funding for Economic Education
74. Private, Corporate and Government Funding for Economic Education
William T. Alpert and Michael A. MacDowell
Section B – An Introduction to Economic Organizations in the US and Beyond
75. Near and Far – An Introduction to Economic Education Organizations in the US and Beyond
Franklin G. Mixon, Jr
Section C – Economics Teaching Workshops: Past, Present, Future
76. Economics Teaching Workshops: Past, Present, and Future
Joab N. Corey, James D. Gwartney and Gail M. Hoyt
Index
Preface
Foreword
William Walstad
PART I: A HISTORY OF ECONOMIC EDUCATION
1. Phillip Saunders
PART II: TEACHING
Section A – Techniques
2. Case Use in Economics Instruction
Patrick Conway
3. Teaching with Context-Rich Problems
Joann Bangs
4. Using Cooperative Learning Exercises in Economics
KimMarie McGoldrick
5. Improving Classroom Discussion in Economics Courses
W. Lee Hansen and Michael K. Salemi
6. Let Experience be the Guide: Experiential Education in Economics
KimMarie McGoldrick and Andrea L. Ziegert
7. Classroom Experiments
Tisha Emerson and Denise Hazlett
8. Interactive Lecture Demonstrations: Adapting a Physics Education Pedagogy for Use in the Economics Classroom
Mark Maier
9. Using Just-in-Time Teaching to Promote Student Learning in Economics
Scott Simkins
10. Making the Large-Enrollment Course Interactive and Engaging
Stephen Buckles, Gail M. Hoyt and Jennifer Imazeki
11. Teaching Economics Socratically
Kenneth G. Elzinga
12. Writing for Learning in Economics
Elizabeth Perry-Sizemore and Steven A. Greenlaw
Section B – Technology
13. Incorporating Media and Response Systems in the Economics Classroom
Joseph Calhoun and Dirk Mateer
14. Distance Education: Course Development and Strategies for Success
Mary Mathewes Kassis
15. Economics Blogs and Economic Education
Timothy C. Haab, Aaron Schiff, John C. Whitehead
Section C – Assessment
16. Methods of Assessment in the College Economics Course
Ken Rebeck and Carlos Asarta
17. An Expected Proficiencies Approach to the Economics Major
W. Lee Hansen
Section D – Contextual Techniques
18. Ethics and Critical Thinking
Jonathan B. Wight
19. Feminist Pedagogy and Economics
Jean Shackelford
20. Integrating Race, Gender and Class
Robin L. Bartlett
21. Economics and Literature: The Gains from Trade
Cecil E. Bohanon and Michelle Albert Vachris
22. The Interdisciplinary Approach to Teaching Economics
Arthur H. Goldsmith and James F. Casey
23. Pluralism in Economics Education
Robert F. Garnett, Jr. and Jack Reardon
24. Threshold Concepts in Economics Education
Peter Davies
Section E – Elementary, Secondary Economic Education
25. Economic Education in American Elementary and Secondary Schools
Paul W. Grimes
26. Organizations Focused on Economic Education
Sue Lynn Sasser and Helen Meyers
PART III: RESEARCH
Section A – Principles Courses
27. The Purpose, Structure and Content of the Principles of Economics Course
Geoffrey Schneider
28. The Principles of Economics Textbook: Content Coverage and Usage
Jane S. Lopus and Lynn Paringer
Section B – Measurement Techniques of Student Performance and Literacy: College and High School
29. Measurement Techniques of Student Performance and Literacy: College and High School
Carlos Asarta and Ken Rebeck
Section C – Factors Influencing Student Performance in Economics
30. Research on the Effectiveness of Non-Traditional Pedagogies
Joshua D. Miller and Robert P. Rebelein
31. Factors Influencing Performance in Economics: Graphs and Quantitative Usage
Mary Ellen Benedict and John Hoag
32. Student Characteristics, Behavior, and Performance in Economics Classes
Ann L. Owen
33. Factors Influencing Student Performance in Economics: Class and Instructor Characteristics
Wayne A. Grove and Stephen Wu
Section D – What Every Economist Should Know About the Evaluation of Teaching: A Review of Literature
34. What Every Economist Should Know About the Evaluation of Teaching: A Review of the Literature
Stephen B. DeLoach
Section E – Scholarship of Teaching and Learning
35. Data Resources and Econometric Techniques
William Bosshardt and Peter E. Kennedy
36. Lessons from Physics Education Research: Lessons for Economics Education
Mark Maier and Scott Simkins
37. Journals and Beyond: Publishing Economics Education Research
Peter Davies and William L. Goffe
PART IV: CONTENT
38. Less is More: The Perils of Trying to Cover too Much in Microeconomic Principles
Robert H. Frank
39. Macroeconomic Principles are Still Relevant and Still Important
William A. McEachern
40. Teaching Non-Majors
Deborah M. Figart
41. Intermediate Microeconomics
Walter Nicholson
42. Intermediate Macroeconomics
Christopher L. Foote
43. Teaching Undergraduate Econometrics
Jeffrey M. Wooldridge
44. An Interdisciplinary Approach to Teaching Antitrust Economics
Roger D. Blair and Christine Piette Durrance
45. The Economics of Education: Applying Economic Theory and Empirical Tools to Public Policy
Jessica S. Howell
46. Environmental and Natural Resource Economics: Teaching the Non-Major and Major Simultaneously
Lynne Y. Lewis
47. Teaching Experimental Economics: Reinforcing Paradigms and Bringing Research into the Undergraduate Classroom
Charles A. Holt
48. Game Theory in a Liberal Arts Education
Joseph E. Harrington, Jr.
49. Teaching a Research-Inspired Course on Growth and Development
Marla Ripoll
50. Teaching American Economic History
Price Fishback and Pamela Nickless
51. The Economic History of European Growth
Daniel Barbezat
52. Why and How to Teach the History of Economic Thought: Economics as Historically Produced Knowledge
Avi J. Cohen and Ross B. Emmett
53. Health Economics – Methods for a New Field
Allen C. Goodman
54. Teaching Undergraduate Industrial Organization Economics
Elizabeth J. Jensen
55. Teaching International Finance, Adapting to Globalization
Stefan C. Norrbin and Onsurang Norrbin
56. Teaching International Trade by Bridging the Gap between Theory and Practice
Raymond Robertson
57. Building Human Capital in the Labor Economics Course
Barry T. Hirsch
58. The Challenges and Pleasures of Teaching Law and Economics
Thomas S. Ulen
59. Teaching Managerial Economics with Problems Instead of Models
Luke M. Froeb and James C. Ward
60. Using Real-World Applications to Policy and Everyday Life to Teach Money and Banking
Dean Croushore
61. Teaching Political Economy to Undergraduate Students
William Waller
62. Some Reflections on Teaching the Economics of Poverty
James P. Ziliak
63. Public Economics
Edgar O. Olsen
64. Sports Economics as Applied Microeconomics
Peter von Allmen, Michael A. Leeds and Brad R. Humphreys
65. Using Location, Agglomeration, and Policy Issues to Teach Urban Economics
Daniel P. McMillen
66. Women and Men in the Economy
Francine D. Blau and Anne E. Winkler
PART V: INSTITUTIONAL / ADMINISTRATIVE
Section A – Faculty Development: Mentoring, Evaluation, Documentation and Resources
67. Faculty Development: Mentoring, Evaluation, Documentation and Resources
Rae Jean B. Goodman
Section B – Undergraduate Education
68. The Economics Major in the United States
John J. Siegfried
69. Curricular and Co-curricular Aspects of the Economics Major at Highly Ranked Schools
David H. Dean and Robert C. Dolan
Section C – The Characteristics of Economics Graduate Students
70. The Characteristics of Economics Graduate Students
Wendy A. Stock
Section D – International Economic Education
71. Supporting Economics Higher Education in the United Kingdom
John Sloman and Inna Pomorina
72. Economics Education in Australia
Alan Duhs and Ross Guest
73. Ordonomics and the Current State of Economic Education in Germany
Ewald Mittelstaedt and Claudia Wiepcke
PART VI: INITIATIVES FOR TEACHING ENHANCEMENT
Section A – Private, Corporate and Government Funding for Economic Education
74. Private, Corporate and Government Funding for Economic Education
William T. Alpert and Michael A. MacDowell
Section B – An Introduction to Economic Organizations in the US and Beyond
75. Near and Far – An Introduction to Economic Education Organizations in the US and Beyond
Franklin G. Mixon, Jr
Section C – Economics Teaching Workshops: Past, Present, Future
76. Economics Teaching Workshops: Past, Present, and Future
Joab N. Corey, James D. Gwartney and Gail M. Hoyt
Index
