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General Equilibrium Simulation for Microeconomics part of Teaching Methods:Teaching with Simulations:Examples
Teaching general equilibrium analysis to students is challenging. General equilibrium models are typically accessible to only a small handful of mathematically well prepared students. Yet the growing significance ...

Specialization and Division of Labor part of Teaching Methods:Teaching with Simulations:Examples
This example engages students in a simple simulation of specialization and division of labor. All that is needed are staplers and some paper.

Fair Model part of Teaching Methods:Teaching with Simulations:Examples
The Fair model web site includes a freely available United States macroeconomic econometric model and a multicounty econometric model. The models run on the Windows OS. Instructors can use the models to teach ...

Dynamic Integrated Climate Change Model (DICE) part of Teaching Methods:Teaching with Simulations:Examples
The Dynamic Integrated Climate Change (DICE) model assumes a single world producer must chose levels for three simultaneously determined variables: current consumption, investment, and greenhouse gases reduction. ...

Zero-Intelligence Trading in Markets part of Teaching Methods:Teaching with Simulations:Examples
A Netlogo implementation of Gode and Sunders (1993) ZI-Trading model. Students explore whether efficiency in the market is determined by the market or by human rationality.

Iterated Prisoner's Dilemma part of Teaching Methods:Teaching with Simulations:Examples
A lab exercise using a Netlogo simulation to explore alternative strategies in an iterated prisoner's dilemma mode.

Using Excel Spreadsheets to Explore Profit Maximization part of Teaching Methods:Teaching with Simulations:Examples
This exercise uses a simple Excel spreadsheet to explore the concept of profit-maximization for a perfectly competitive firm.

Using Jeremy's Market in MarketSim to understand utility maximization part of Teaching Methods:Teaching with Simulations:Examples
Jeremy's Market in MarketSim makes students responsible for a household. Students make production and consumption decision to try to maximize household utility.

Basic Monte Carlo Simulation for Beginning Econometrics part of Teaching Methods:Teaching with Simulations:Examples
Beginning econometrics students often have an uneven preparation in statistics. The simulation gives students a clearer understanding of the behavior of OLS estimators.

Stata Monte Carlo Simulation for Heteroskedasticity part of Teaching Methods:Teaching with Simulations:Examples
This is a simulation for a beginning econometrics course that shows students how heteroskedasticity biases an estimator and why the power of a statistical text is important.