Author Description
This book contains economic experiments designed for students who have not previously taken any economics. While this book can supplement any microeconomics text, it can and has been used by itself to teach principles. Unique in the marketplace, EXPERIMENTS WITH ECONOMIC PRINCIPLES: MICROECONOMICS is an extension of the groundbreaking work in Experimental Economics of Vernon Smith. Bergstrom and Miller are two of the most highly-regarded researchers in the creative world of Experimental Economics... FEATURES.. 1. A new chapter on public goods (ch. 6).. 2. A new chapter on network externalities (ch. 9).. 3. A new Part V on essential concepts of economic principles.. 4. More problems and tie-ins to economics in the news.. 5. More discussion of economic concepts.. 6. More modular organization for easy custom-publishing of instructor's own selection of experiments.. 7. Streamlining some experiments.. 8. Improved layout of homework exercises allows faster grading.. 9. Improved layout of personal information sheets in Instructor's Manual.. 10. Convenient class preparation kits for instructors... Go to the text website for more information on Bergstrom/Miller Experiments with Economic Principles: http://www.econ.ucsb.edu/~tedb/eep/ee....
Menrva's Summary
THE THESIS
This book investigates how interactive classroom experiments can serve as a primary or supplementary pedagogical tool to teach fundamental microeconomic principles to students with no prior background in the field. Theodore C. Bergstrom, a prominent researcher in experimental economics, utilizes the foundational methodologies established by Vernon Smith to create a hands-on learning environment. The text argues that active participation in simulated market scenarios reinforces theoretical concepts more effectively than traditional lecture-based instruction alone.
THE SCOPE MAP
What You Will Find
- Classroom-ready experiments covering supply and demand, public goods, and network externalities
- Modular organizational structure for instructor customization
- Homework exercises and personal information sheets for student assessment
- Class preparation kits for instructors
Scope Limits
- The text focuses primarily on microeconomic principles and does not provide a comprehensive overview of macroeconomics
- It is designed as a practical laboratory manual rather than a theoretical treatise on economic history
THE AUTHORITY PERSPECTIVE
Instructors frequently cite this text as a standard resource for integrating experimental methods into undergraduate economics curricula. Experts note that the modular design provides significant flexibility for educators to tailor the material to specific course requirements.
Page Count:
368
Publication Date:
1996-01-01
Publisher:
Mcgraw-Hill College
ISBN-10:
0070059527
ISBN-13:
9780070059528
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