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  • Teaching and Learning Economics (SERC)
Basic Monte Carlo Simulation for Beginning Econometrics
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Basic Monte Carlo Simulation for Beginning Econometrics
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Beginning econometrics students often have an uneven preparation in statistics. The simulation gives students a clearer understanding of the behavior of OLS estimators.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Simulation
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Betty J. Blecha
Date Added:
08/28/2012
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Cartoon Physics
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Cartoon Physics
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This activity promotes the learning of basic physics principle by viewing cartoon videos where these principles are bent of broken.

Subject:
Physical Science
Physics
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Ray Purdom
Date Added:
08/28/2012
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"Closer to Free" by The BoDeans
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"Closer to Free" by The BoDeans
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This flash animation for the song "Closer to Free" describes the Economic Freedom of the World index, provides a summary of countries with high and low values of the index, and highlights the importance of economic freedom in a country's standard of living.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Linda Ghent
Date Added:
08/28/2012
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Context Rich Problem: Changes in Demand
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Context Rich Problem: Changes in Demand
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Context Rich Problem on demand shifters and the implications of such a shift.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Rochelle Ruffer
Date Added:
08/28/2012
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Context Rich Problem: Price Ceiling
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Context Rich Problem: Price Ceiling
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In this context rich problem, students are asked to analyze the effects of a price ceiling.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Rochelle Ruffer
Date Added:
08/28/2012
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Context-Rich Problem for Cooperative Group Problem Solving - Electric Force
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Context-Rich Problem for Cooperative Group Problem Solving - Electric Force
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Context-rich problem for electrostatics in an introductory physics class. The instructional setting uses cooperative group problem solving.

Subject:
Physical Science
Physics
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Kenneth Heller
Date Added:
08/28/2012
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Ebay: Using Media to Teach Economics
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Ebay: Using Media to Teach Economics
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Ebay is a parody of I Want it That Way by the Backstreet Boys a #1 hit from 1999. This song contains animated lyrics and an economic explanation that are synchronized to the music. The song explores a wide range of economic issues including: markets, supply and demand, and gains from trade.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Dirk Mateer
Date Added:
08/28/2012
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Economic Statistics: Hypothesis Testing
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Economic Statistics: Hypothesis Testing
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This activity helps a student recognize the consequences of Type I and Type II errors in hypothesis testing.

Subject:
Business and Communication
Economics
Mathematics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Rae Jean Goodman
Date Added:
08/28/2012
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Economics Senior Thesis
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Economics Senior Thesis
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The department of economics at Elon changed its curriculum in 1995 to require an independent senior thesis for all majors. Since that time, this activity has evolved tremendously. In 2009, we changed the curriculum again to require a 2 semester hour Fall seminar component to go along with the 2 semester hours. of independent research each student completes in the Spring of their senior year.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Steve DeLoach
Date Added:
08/28/2012
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The Effect of Race and Ethnicity on High School Graduation Rates in Florida
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The Effect of Race and Ethnicity on High School Graduation Rates in Florida
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In this individual research project, a senior thesis student conducts a regression analysis that investigates the effects of race, ethnicity, and poverty on high school graduation rates in Florida. The data are easily obtainable from the Florida Department of Education. The project can be modified to be a group research project in a Research Methods Class or a Special Topics Upper Level Economics class.

Subject:
Economics
Social Science
Sociology
Material Type:
Activity/Lab
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Mary Borg
Date Added:
08/28/2012
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The Effects of Condemned/Restored Homes on Surrounding Property Values: A Student/Faculty Collaborative Research and Service Learning Experience
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The Effects of Condemned/Restored Homes on Surrounding Property Values: A Student/Faculty Collaborative Research and Service Learning Experience
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In this undergraduate research and service learning project, students and faculty collaborate on a study of the effects of condemned/restored homes in their college town on surrounding property values. While this example describes an experience in a small, upper-level elective course, it includes suggestions for modifications of design and learning goals for other learning levels and environments.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Elizabeth Perry-Sizemore
Date Added:
08/28/2012
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Excise Tax Incidence: Context Rich Problem
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Excise Tax Incidence: Context Rich Problem
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Context Rich Problem using the concepts of excise tax incidence, elasticity of demand, and elasticity of supply. Students must determine which information is appropriate and which is extraneous to the problem.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Rochelle Ruffer
Date Added:
08/28/2012
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"Father Christmas" by The Kinks
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"Father Christmas" by The Kinks
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"Father Christmas" by The Kinks is used in conjunction with Joel Waldfogel's article "The Deadweight Loss of Christmas" to examine the relative value of cash versus inkind gifts. This can then be extended to an analysis of various public policies.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Linda S. Ghent
Date Added:
08/28/2012
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The Formation of Images by Plane and Spherical Mirrors
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The Formation of Images by Plane and Spherical Mirrors
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The formation of images by plane and spherical mirrors will be studied by examining paintings done by several masters which include images formed in mirrors.

Subject:
Applied Science
Arts and Humanities
Engineering
Physical Science
Physics
Material Type:
Activity/Lab
Diagram/Illustration
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Ray Purdom
Date Added:
08/28/2012
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Game Theory Context-Rich Problem
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Game Theory Context-Rich Problem
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This consists of a short essay to be written by students after watching the West Wing episode "Hartsfield's Landing." In it, students are asked to help a friend to understand the content of the show using the basic components of non-cooperative game theory and the prisoner's dilemma.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Brian Peterson
Date Added:
08/28/2012
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Imperfect Competition: Context-Rich Problem
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Imperfect Competition: Context-Rich Problem
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This context-rich problem helps students to apply the characteristics of imperfect competition to a real world setting.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Joann Bangs
Date Added:
08/28/2012
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"Irreplacable" by Beyonce
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"Irreplacable" by Beyonce
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This flash animation for the song "Irreplaceable" demonstrates how the availability of substitutes affects the price elasticity of demand. Beyonce notes that her current boyfriend is not "irreplaceable," meaning that her demand for him is elastic.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Linda S. Ghent
Date Added:
08/28/2012
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JiTT - Fighting Recession: 2009
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JiTT - Fighting Recession: 2009
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This is a JiTT exercise in which students apply introductory-level macroeconomic analysis to the question of how large the stimulus package put forward to Congress in early 2009 needed to be to close the recessionary gap facing the U.S. economy at that time. In particular, this exercise asks students to bring together the concepts of potential and actual GDP, recessionary gaps, fiscal policy, spending and taxing multipliers, and effects of changes in aggregate spending on employment and output.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Scott Simkins
Date Added:
08/28/2012
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Making Rational Decisions in Economics - The Role of Sunk and Marginal Costs
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Making Rational Decisions in Economics - The Role of Sunk and Marginal Costs
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This JiTT exercise uses a real-life example to pose a question to students about the nature of "rationality" as typically used in economics. In this case, the focus is on fixed vs. marginal costs and the use of marginal analysis by economists to make "rational" economic decisions.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Author:
Scott Simkins
Date Added:
08/28/2012
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