The department of economics at Elon changed its curriculum in 1995 to …
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.
Understanding economics, what some people call "economic literacy," is becoming essential for …
Understanding economics, what some people call "economic literacy," is becoming essential for citizens in our national and increasingly interconnected world economy. Increasingly, productive members of society must be able to identify, analyze, and evaluate the causes and consequences of individual economic decisions and public policy including issues raised by constraints imposed by scarcity, how economies and markets work, and the benefits and costs of economic interaction and interdependence. Such literacy includes analysis, reasoning, problem solving, and decision making that helps people function as consumers, producers, savers, investors, and responsible citizens. - From the Michigan Grade Level Content Expectations
How are economics and the environment related? The quick answer is that …
How are economics and the environment related? The quick answer is that environmental quality is a worthy goal, but there is an economic trade-off: a clean environment does not come without costs. The September 2014 Page One Economics article, "Economics and the Environment, "provides some economic strategies for protecting the environment.
In both macroeconomics and microeconomics principles courses, economists teach the virtue of …
In both macroeconomics and microeconomics principles courses, economists teach the virtue of markets as an allocative mechanism. But markets sometimes fail. This example allows students to simulate the market failure associated with a common property resource, a salmon fishery, and evaluate ways to control fishing. The simulation also shows the distributional results of different allocative mechanisms. The simulation was developed by Paul Romer at Stanford University and is available on the Aplia web site.
Economics in U.S. History is comprised of seven lessons and is designed …
Economics in U.S. History is comprised of seven lessons and is designed to introduce students to basic economic concepts through analyzing diverse perspectives on the subject. Students will be engaged in a dynamic, interactive, and constructivist process of exploring media representations of economic issues in U.S. history. Such issues include the free market, industrialization, and The Living Wage Campaign. The kit will teach students to identify the Ě_Ě_ÝlanguageĚ_Ě_ĺ of construction of different media forms and to analyze and evaluate the meaning of mediated messages about economics. This kit was designed for 8th grade U.S. history, but the document-decoding approach can be adapted for and used from middle school through high school.
The activity is designed to be an interative lecture segment during a …
The activity is designed to be an interative lecture segment during a larger interactive lecture class period. The technique demonstrated through this example is a double entry journal.
Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. …
Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. Find out in the November 2018 issue of Page One Economics how deregulation increased competition, lowered prices, and created crowded flights.
The Economics of Food and Agricultural Markets is written for applied intermediate …
The Economics of Food and Agricultural Markets is written for applied intermediate microeconomics courses. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, and natural resource sectors. The field of agricultural economics is relevant, important and interesting. The study of market structures, also called industrial organization, provides powerful, timely, and useful tools for any individual or group making personal choices, business decisions, or public policies in food and agriculture industries.
America is a nation of immigrants, who currently make up about 13 …
America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of immigrant workers as substitutes for and complements to native-born workers.
The Economics of Infrastructure is the first video in the Explore Economics …
The Economics of Infrastructure is the first video in the Explore Economics animated series. It shows how infrastructure such as roads, bridges, railroad lines, water mains, sewer pipes, and power lines support the operation of an economy.
People are passionate about professional sports—they give people pride and a sense …
People are passionate about professional sports—they give people pride and a sense of community. And they create economic benefits for the community. But should tax dollars be used to subsidize sports stadiums? The May 2017 issue of Page One Economics describes some pros and cons.
“The Economics of Transportation” is the second video in the Explore Economics …
“The Economics of Transportation” is the second video in the Explore Economics animated series. It shows how changes in technology changed the way and speed with which people move goods.
Working in groups of three, students analyze economies of scale. Each student …
Working in groups of three, students analyze economies of scale. Each student constructs an individual short-run ATC curve, then the three students collaborate to determine if there are economies or diseconomies of scale and to create the long run ATC.
This online activity demonstrates how simple it is to use key tools …
This online activity demonstrates how simple it is to use key tools in GeoFRED to focus on regional economic growth and development. The activity examines U.S. unemployment data at the county level to explore how employment was affected by the energy boom around the time of the Great Recession.
No surprise—people with more education often earn higher incomes and are unemployed …
No surprise—people with more education often earn higher incomes and are unemployed less than those with less education. Those with higher incomes also tend to accumulate more wealth. Why? Research shows that well-educated people tend to make financial decisions that help build wealth. Their strategies, though, can be used by anyone.
In this individual research project, a senior thesis student conducts a regression …
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.
In this undergraduate research and service learning project, students and faculty collaborate …
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.
This Western Mining History database uses Mineral Resources Data System to list …
This Western Mining History database uses Mineral Resources Data System to list known Colorado historical mines by county. Each county site has links to the known mines within its borders. Some are known and named, others are unnamed. Mines should be assumed to be on private property unless other research is conducted. Data provided for each mine site include: Name, State, County, Elevation, Primary Mineral Mined, Latitude and Longitude and a link to Google Maps. Photos are provided where available. Additional information for some Mines are satellite photos, and ownership, business and historical records. Mining History is an historical site that provides information on mining, mining towns, the gold and silver rush, and Photos and maps of the western United States. This is a great database for student historical research or data and statistics classes. Consider becoming a member or making a donation to help further the work of the site.
How elastic are rubber bands? There's more than one way to answer …
How elastic are rubber bands? There's more than one way to answer this question. The word "elasticity" is commonly used to describe things that have a stretchy quality to them. You might try to answer the question by stretching a rubber band across your finger and shooting it across the room. To an economist, however, elasticity can have a whole other meaning. Learn more in this episode of The Economic Lowdown.
This Western Mining History database uses Mineral Resources Data System to list …
This Western Mining History database uses Mineral Resources Data System to list known Colorado historical mines by county. Each county site has links to the known mines within its borders. Some are known and named, others are unnamed. Mines should be assumed to be on private property unless other research is conducted. Data provided for each mine site include: Name, State, County, Elevation, Primary Mineral Mined, Latitude and Longitude and a link to Google Maps. Photos are provided where available. Additional information for some Mines are satellite photos, and ownership, business and historical records. Mining History is an historical site that provides information on mining, mining towns, the gold and silver rush, and Photos and maps of the western United States. This is a great database for student historical research or data and statistics classes. Consider becoming a member or making a donation to help further the work of the site.
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