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The Candy Price Index and the Gumball Domestic Product

Author

Listed:
  • Stefan Ruediger

    (Arizona State University)

  • Tatiana Batova

    (Arizona State University)

Abstract

The "Candy Price Index" by Hazlett and Hill (2003) introduces students to the biases of the Consumer Price Index (CPI). This paper extends their assignment to ...

Suggested Citation

  • Stefan Ruediger & Tatiana Batova, 2020. "The Candy Price Index and the Gumball Domestic Product," Journal of Economics Teaching, Journal of Economics Teaching, vol. 5(1), pages 1-16, May.
    • Handle: RePEc:jtc:journl:v:5:y:2020:i:1:p:1-16
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    References listed on IDEAS

    as
    1. Cardell, N Scott, et al, 1996. "Laboratory-Based Experimental and Demonstration Initiatives in Teaching Undergraduate Economics," American Economic Review, American Economic Association, vol. 86(2), pages 454-459, May.
    2. Tisha L. N. Emerson & Beck A. Taylor, 2004. "Comparing Student Achievement across Experimental and Lecture-Oriented Sections of a Principles of Microeconomics Course," Southern Economic Journal, John Wiley & Sons, vol. 70(3), pages 672-693, January.
    3. Matthew C. Rousu & Jay R. Corrigan & David Harris & Jill K. Hayter & Scott Houser & Becky A. Lafrancois & Olugbenga Onafowora & Gregory Colson & Adam Hoffer, 2015. "Do Monetary Incentives Matter in Classroom Experiments? Effects on Course Performance," The Journal of Economic Education, Taylor & Francis Journals, vol. 46(4), pages 341-349, October.
    4. Yvonne Durham & Thomas Mckinnon & Craig Schulman, 2007. "Classroom Experiments: Not Just Fun And Games," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 162-178, January.
    5. Jacob K. Goeree & Charles A. Holt, 1999. "Employment and Prices in a Simple Macroeconomy," Southern Economic Journal, John Wiley & Sons, vol. 65(3), pages 637-647, January.
    6. repec:bla:jecsur:v:15:y:2001:i:2:p:221-36 is not listed on IDEAS
    7. Kevin L. Kliesen, 1996. "Chained, rested and ready: the new and improved GDP," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jan, pages 10-11.
    8. Mark Dickie, 2006. "Do Classroom Experiments Increase Learning in Introductory Microeconomics?," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(3), pages 267-288, July.
    9. Edward Cartwright & Anna Stepanova, 2012. "What do Students Learn from a Classroom Experiment: Not much, Unless they Write a Report on it," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(1), pages 48-57, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CPI; GDP;

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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