# Activities

Results 51 - 60 of **170 matches**

Tax Game part of Teaching Methods:Teaching with Simulations:Examples

The link between a set of taxes and income distribution is an important, but difficult, concept taught in economics principles courses. The Tax Game simulation requires a student to set tax rates for an income tax, a property tax, a wealth tax, a payroll tax, a corporate income tax, a sales tax,and an excise tax. The student can choose any rates he or she wishes, but must achieve a given revenue target.

Economics and the Tragedy of the Commons part of Teaching Methods:Teaching with Simulations:Examples

In both macroeconomics and microeconomics principles courses, economists teach the virtue of markets as an allocative mechanism. But markets sometimes fail. This example allows students to simulate the market ...

Ricardian Explorer part of Teaching Methods:Teaching with Simulations:Examples

Ricardian Explorer, implemented on the internet, simulates a Ricardian trade model with linear production technology and a CES utility function. The typical simulation has two countries and two goods. While ...

MarketSim part of Teaching Methods:Teaching with Simulations:Examples

MarketSim helps students understand the functioning of markets by having them become consumers and producers in a simulated economy. There are two versions, both implemented over the internet. Jeremy's market ...

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.

Hobson's Choice: A Game Simulation about Homelessness part of Teaching Methods:Teaching with Simulations:Examples

Hobson's choice is a game about homelessness and how difficult it is to get off the streets and leave the situation of homelessness.It is a useful learning activity for helping students understand the differences between blaming the victim and structural causes of poverty.

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 ...