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Classroom Games: Making Money

Author

Listed:
  • Susan K. Laury
  • Charles A. Holt

Abstract

Economics is often taught at a level of abstraction that can hinder some students from gaining basic intuition. However, lecture and textbook presentations can be complemented with classroom exercises in which students make decisions and interact. The approach can increase interest in and decrease skepticism about economic theory. This feature offers short descriptions of classroom exercises for a variety of economics courses, with something of an emphasis on the more popular undergraduate courses.

Suggested Citation

  • Susan K. Laury & Charles A. Holt, 2000. "Classroom Games: Making Money," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 205-213, Spring.
    • Handle: RePEc:aea:jecper:v:14:y:2000:i:2:p:205-213
    Note: DOI: 10.1257/jep.14.2.205
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.14.2.205
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    References listed on IDEAS

    as
    1. Jack Ochs & John Duffy, 1999. "Emergence of Money as a Medium of Exchange: An Experimental Study," American Economic Review, American Economic Association, vol. 89(4), pages 847-877, September.
    2. McCabe, Kevin A., 1989. "Fiat money as a store of value in an experimental market," Journal of Economic Behavior & Organization, Elsevier, vol. 12(2), pages 215-231, October.
    3. Evans, George W. & Honkapohja, Seppo & Marimon, Ramon, 2001. "Convergence In Monetary Inflation Models With Heterogeneous Learning Rules," Macroeconomic Dynamics, Cambridge University Press, vol. 5(1), pages 1-31, February.
    4. Brown, Paul M., 1996. "Experimental evidence on money as a medium of exchange," Journal of Economic Dynamics and Control, Elsevier, vol. 20(4), pages 583-600, April.
    5. Peng Lian & Charles R. Plott, 1998. "General equilibrium, markets, macroeconomics and money in a laboratory experimental environment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 12(1), pages 123-146.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Adam Hoffer, 2015. "A classroom game to teach the principles of money and banking," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1095448-109, December.
    2. Jonathan E. Alevy & Paul Ronald Johnson, 2013. "A Classroom Financal Market Experiment," Working Papers 2013-01, University of Alaska Anchorage, Department of Economics.
    3. Denise Hazlett, 2016. "A classroom experiment with bank equity, deposit insurance, and bailouts," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(4), pages 317-323, October.
    4. Dallas Brozik & Alina M. Zapalska, 2007. "Portfolio Construction in Global Financial Markets," International Review of Economic Education, Economics Network, University of Bristol, vol. 6(2), pages 79-98.

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    More about this item

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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