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Favorite Ways to Learn Economics - 2nd edition

Favorite Ways to Learn Economics (ISBN10: 0324222025; ISBN13: 9780324222029)
ISBN13: 978-0324222029
ISBN10: 0324222025

Summary: Using experiments to bring economic education to life is a growing trend and for good reason. it works! Students are far more likely to retain new knowledge when it is reinforced with hands-on experiments. FAVORITE WAYS TO LEARN ECONOMICS as a lab manual for the classroom and for individual study. This manual of experiments and problem sets reinforces the key principles of microeconomics and macroeconomics covered in most college and AP courses. Students will enjoy t morehis active approach to learning. Instructors will see improvement in their students' comprehension. Like a finely tuned lecture, these experiments and problem sets bring economics to life.


  • NEW! More Experiments and Poblems: More experiments and problem sets enable professors to access the most appropriate experiment for his/her needs.
  • Real-World Decision Making: The Problem Sets put the student into the position of making decisions on economic concepts, interpreting and practicing graphing, and solving challenging economic problems. Allowing students to apply what they learn ensures that they will gain understanding.
  • NEW! More Topics Covered: Problem sets covering elasticity, perfect competition, game theory, total revenue and marginal revenue, fiscal and monetary policy, and more. This enables professors to find an experiment for each major topic in principles.
  • NEW! Expanded Material: New experiments covering monopoly, benefits of trade, and currency exchange enhance micro, international and money/banking sections.
  • NEW! Problem Sets: New Problem sets covering monopoly, variable cost and fixed cost, and debts and deficits enable professors to have enough experiments for multiple sections.
  • NEW! Revised Instructor's Edition: Completely revised Instructor's Edition makes this material easier to implement.
  • NEW! Streamlined Presentation: More streamlined and conveniently organized table of contents enables professors to quickly assess which materials fit their needs.
  • Systematic Process: Each Classroom Experiment opens with an Introduction that reviews a key principle and is then followed by a Scenario in which the experiment is setup and explained to the student. In this way, students get a review and a template to help them adjust to the experiment.
  • Relevancy: For example, in a Classroom Experiment on the supply and demand of exploitable resources, a student is asked to imagine that he or she is a moose hunter. They are provided with facts about the market, and then make decisions based on these facts. This helps put the student in the frame of mind of a real life scenario, thus giving the economic topics more relevancy.
  • Follow-up to Experiments: The Scenarios in Classroom Experiments are followed by Reflections - short-answer questions about the experiment the students have just undertaken. An Afterthought sums up the experiment and conveys other situations where the principle might be applied. This reinforces the learning. less

Edition/Copyright: 2ND 06
Cover: Paperback
Publisher: South-Western Publishing Co.
Published: 01/24/2005
International: No

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