IDEAS home Printed from https://ideas.repec.org/a/sae/amerec/v49y2005i2p51-59.html
   My bibliography  Save this article

Exploring Values in the Classroom: Three Exercises for Introductory Economics

Author

Listed:
  • Lester Hadsell

Abstract

We present three classroom exercises designed to explore issues of fairness and equity in economics. In each exercise, students put economics in context as they consider the art of economics in addition to the science. The active learning nature of the exercises involves students as they consider (1) the free-rider problem, (2) the contrast between democratic and free-market ideals, and (3) externalities. Each exercise, including discussion, will fit into a 50-minute class period. The author has used the exercises in introductory microeconomics courses, in classes of 30 to 50 students.

Suggested Citation

  • Lester Hadsell, 2005. "Exploring Values in the Classroom: Three Exercises for Introductory Economics," The American Economist, Sage Publications, vol. 49(2), pages 51-59, October.
    • Handle: RePEc:sae:amerec:v:49:y:2005:i:2:p:51-59
    DOI: 10.1177/056943450504900206
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/056943450504900206
    Download Restriction: no
    File URL: https://libkey.io/10.1177/056943450504900206?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. James Stodder, 1998. "Experimental Moralities: Ethics in Classroom Experiments," The Journal of Economic Education, Taylor & Francis Journals, vol. 29(2), pages 127-138, June.
    2. Robert H. Frank & Thomas D. Gilovich & Dennis T. Regan, 1996. "Do Economists Make Bad Citizens?," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 187-192, Winter.
    3. William E. Becker & Michael Watts, 2001. "Teaching Economics at the Start of the 21st Century: Still Chalk-and-Talk," American Economic Review, American Economic Association, vol. 91(2), pages 446-451, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul Dalziel, 2011. "Schumpeter's 'Vision' and the Teaching of Principles of Economics to Resource Students," International Review of Economic Education, Economics Network, University of Bristol, vol. 10(2), pages 63-74.
    2. Bruno S. Frey & Stephan Meier, "undated". "Pro-Social Behavior, Reciprocity or Both?," IEW - Working Papers 107, Institute for Empirical Research in Economics - University of Zurich.
    3. Faravelli, Marco, 2007. "How context matters: A survey based experiment on distributive justice," Journal of Public Economics, Elsevier, vol. 91(7-8), pages 1399-1422, August.
    4. Jeremy Hall & Ben R. Martin, 2019. "Towards a Taxonomy of Academic Misconduct: The Case of Business School Research," SPRU Working Paper Series 2019-02, SPRU - Science Policy Research Unit, University of Sussex Business School.
    5. Jonathan B. Wight, 2005. "Adam Smith and Greed," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 46-58.
    6. J.R. Clark & Joshua C. Hall & Ashley S. Harrison, 2017. "The Relative Value of AER P&P Economic Education Papers," Working Papers 17-23, Department of Economics, West Virginia University.
    7. Johansson-Stenman, Olof & Carlsson, Fredrik & Daruvala, Dinky, 2001. "Measuring Hypothetical Grandparents Preferences For Equality And Relative Standings," Working Papers in Economics 42, University of Gothenburg, Department of Economics.
    8. Bodo Sturm & Joachim Weimann, 2006. "Experiments in Environmental Economics and Some Close Relatives," Journal of Economic Surveys, Wiley Blackwell, vol. 20(3), pages 419-457, July.
    9. Malte Petersen & Monika Keller & Jürgen Weibler & Wasilios Hariskos, 2019. "Business education: Does a focus on prosocial values increase students’ pro-social behavior?," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 18(2), pages 181-190, December.
    10. Marco Faravelli, 2005. "Looking for Agreement: an Experiment on Distributive Justice," Working Papers 92, University of Milano-Bicocca, Department of Economics, revised Oct 2005.
    11. Nick Cowen, 2018. "Robust Against Whom?," Advances in Austrian Economics, in: Austrian Economics: The Next Generation, volume 23, pages 91-111, Emerald Group Publishing Limited.
    12. Bruno Frey & Stephan Meier, 2005. "Selfish and Indoctrinated Economists?," European Journal of Law and Economics, Springer, vol. 19(2), pages 165-171, April.
    13. David Zetland & Carlo Russo & Navin Yavapolkul, 2010. "Teaching Economic Principles: Algebra, Graph or Both?," The American Economist, Sage Publications, vol. 55(1), pages 123-131, May.
    14. Ockenfels, Axel & Weimann, Joachim, 1999. "Types and patterns: an experimental East-West-German comparison of cooperation and solidarity," Journal of Public Economics, Elsevier, vol. 71(2), pages 275-287, February.
    15. Mohsen Javdani & Ha-Joon Chang, 2023. "Who said or what said? Estimating ideological bias in views among economists," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 47(2), pages 309-339.
    16. Amanda Mandzik, 2023. "All I Want for Christmas is an A on My Econ Final: A Holiday-Themed Review Class," Journal of Economics Teaching, Journal of Economics Teaching, vol. 8(2), pages 72-86, May.
    17. Lester Hadsell & Raymond MacDermott, 2012. "Faculty Perceptions of Grades: Results from a National Survey of Economics Faculty," International Review of Economic Education, Economics Network, University of Bristol, vol. 11(1), pages 16-35.
    18. Victor J. Valcarcel, 2013. "Instituting a Monetary Economy in a Semester-Long Macroeconomics Course," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(2), pages 129-141, June.
    19. Neva Goodwin, "undated". "Civil Economy and Civilized Economics: Essentials for Sustainable Development," GDAE Working Papers 01-01, GDAE, Tufts University.
    20. Hamza Bennani, 2015. "Dissecting the brains of central bankers: The case of the ECB’s Governing Council members on reforms," International Economics, CEPII research center, issue 141, pages 97-114.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:amerec:v:49:y:2005:i:2:p:51-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://journals.sagepub.com/home/aex .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.