Journal of Economics and Economic Education Research

The Journal of Economics and Economic Education Research is a peer-reviewed journal published annually by Allied Academies. The journal covers economics and economic research education at the collegiate and K-12 grade levels.

Articles from Vol. 16, No. 1, 2015

A Classroom Exercise for Teaching the Theory of the Second Best in a Duopoly Setting
INTRODUCTIONThe Theory of the Second Best (TSB) states that, when markets are characterized by imperfections, efforts to enhance welfare by removing other imperfections can adversely reduce economic welfare. Originally an insight emanating from general...
Are Income Distribution Programs Designed to Redistribute Income? Do They? Evidence from the States
INTRODUCTIONIncome inequality has generally been viewed as a problem and a concern for policy makers. Income redistribution programs are a means to address this problem. These programs typically consist of progressive taxation to lower the incomes of...
A Repeated Cross-Section and Pseudo Panel Analysis of Alleviating Poverty in Developing Economies: The Philippine Case 1
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONPoverty has been unrelenting in all economies. It is the basket case of most economies particularly among Southeast Asian nations. Poverty alleviation has been a principal goal for most economies because...
Assessing Student Understanding of Price and Opportunity Cost through a Hybrid Test Instrument: An Exploratory Study
(ProQuest: ... denotes formulae omitted.)Students' 'understanding' of opportunity cost and price has been widely regarded as central to economic education (e.g. Sevón & Weckström, 1989; Leiser & Halachmi, 2006; Salemi, 2005; Davies & Lundholm,...
Canadian Masters of Economic Programs: Have They Changed over the Last Decade
INTRODUCTION AND BRIEF REVIEW OF THE LITERATUREThis paper first presents data from terminal economics degree programs in Canada and then compares these programs to terminal economics master's degree programs in the United States. The data are from a...
Collaborative Problem Solving Promotes Students' Interest
INTRODUCTIONEconomics teaching in the pre-university level seem important as a large number of pre-university students are partial to take the subject on. This phenomenon was supported by the report from the Malaysian Examination Council (2008) which...
Compensation Discrimination in the National Football League
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONThe study of racial discrimination in professional sports has been an actively studied topic for decades, though much of this work has been done in sports other than the National Football League (NFL)....
Education and Its Contributions to the Economy
INTRODUCTIONHaving a good education can be a very valuable asset that can improve and enhance the quality of one's life. According to Glewwe et al. (2011), "economists and other researchers have accumulated a large amount of evidence that education increases...
Effect of Inventory Management Efficiency on Profitability: Current Evidence from the U.S. Manufacturing Industry
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONMaintaining an appropriate level of inventory is a key issue to firms' operational performance. The supposition is that better inventory management is closely related with firms' better financial performance....
Empirical Investigation of the Relationship between Long Term Interest Rate and Government Debt and Deficit Spending
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONOf importance for the economy of a country is the role government spending plays in influencing long term interest rate and hence investment and growth. It is generally recognized that the central...
Industrial Development, Financial Development and Regional Economic Growth in China
INTRODUCTIONThis study examines the influence of financial development on regional economic growth in China, where industrial development stages are exogenously given by Clark's classification. China has experienced a rapid economic growth with the financial...
Market Attractiveness Evaluation of Sub-Saharan Africa, Applying Swot Analysis and Ahp Methods
INTRODUCTIONCurrently, convincing argument can be made that globalization has led to advancement in technologies and this advancement has ushered a new world without boundaries. Countries are currently interconnected by flows of knowledge and information...
Motivating a Classroom Discussion of Central Planning versus Decentralized Markets
INTRODUCTIONIt is common to find that principles of economics textbooks, in their coverage of planned versus market economies, simply define central economic planning as a system in which a central government answers the fundamental what, how, and for...
Problem-Based Learning in Managerial Economics with an Integrated Case Study
INTRODUCTIONA number of pedagogical challenges arise in teaching managerial economics courses at the upper undergraduate and M.B.A. levels. One of them is the fact that the economics component in business curriculum may be seen as a theoretical standout...
Qualities University Students Seek in a Teacher
INTRODUCTIONWright (1997) documented that the most important factor that affects student learning is the teacher. Similarly, Kwan (1999) argued that more could be done to improve education by raising the effectiveness of teachers than by changing any...
Regional Differences in the Evolution of the U.S. Freezer Industry
INTRODUCTIONMany industries experience substantial changes in the number of producers over time. A number of studies documented a common evolutionary pattern in different manufacturing industries in the United States (Gort & Klepper, 1982; Klepper...
Regional Differential Wealth Effect on Home Value: A Cross-Sectional Analysis
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONHousing market literature has presented a variety of housing characteristics to explain home value. Regression analysis is typically applied to identify the direction of the relationship between home...
Religious Participation and Economic Recessions
INTRODUCTIONThe last recession was particularly severe, being dubbed the great recession. It lasted 18 months from December 2007 until June 2009 with Gross Domestic Product declining about 5 percent. The national unemployment rate peaked at over 10 percent...
Rethinking the Use of Concept Maps in Introductory Economics Courses
INTRODUCTIONConcept maps are widely used in various educational disciplines to help students develop an understanding of a subject matter. Traditional concept maps show how concepts are related to each other by illustrating the links among multiple concepts....
Show Me the Money: Evaluating the Impact of an Online Professional Development Course for Middle and Secondary Classroom Teachers
SHOW ME THE MONEY: EVALUATING THE IMPACT OF AN ONLINE PROFESSIONAL DEVELOPMENT COURSE FOR MIDDLE AND SECONDARY CLASSROOM TEACHERSThis has been an amazing course and I really find it hard to be able to express which resources are going to be most useful...
The Alchian-Allen Effect in Higher Education Revisited: State Lottery Impacts on Public Verses Private Enrollment 1
1. INTRODUCTIONThe Alchian Allen (AA) Effect, coined by Alchian and Allen (1968), has been applied to a plethora of situations where the relative prices of two substitute goods change as a result of a fixed cost that the buyer must pay. The classic example...
The Impact of Different Ages and Race on the Social Security Early Retirement Decision for Married Couples
INTRODUCTIONThe purpose of this study is to examine the impact of age differences on the social security early and delayed retirement decision for married couples. This paper extends the analysis of Docking, Fortin and Michelson (2013) to couples of...
The Syllabus Evolved: Extended Graphic Syllabi for Economics Courses
A course syllabus is a staple in undergraduate education. Its fundamental purpose is to communicate the instructor's course design to students (Carnegie, n.d.). Practically speaking, it details the course topics, learning objectives, assessment and grading...
Wage Differentials for Pre-College Teachers to Solve Shortages and Quality Issues?
INTRODUCTIONThe fundamental premise of this communication is that many of the basic problems inherent in secondary education could be alleviated through wage differentials for teachers. Unfortunately, there have historically been no wage differentials...
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