Tisha Emerson

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Baylor University

Materials Contributed through SERC-hosted Projects

Activities (2)

The Value of Exchange: A Classroom Experiment part of Starting Point: Teaching and Learning Economics:Teaching Methods:Classroom Experiments:Examples
This experiment illustrates the value of exchange to students. Students each receive an initial allocation of candy which they are asked to rank in terms of the satisfaction it provides them. They are then allowed to engage in trading with other students. After each round of trading, students are asked to reevaluate the satisfaction they derive from the new set of candy that they have. Through this process, students see that they are made better off from exchange.

Airplane Production: A Law of Diminishing Marginal Product Exercise part of Starting Point: Teaching and Learning Economics:Teaching Methods:Classroom Experiments:Examples
In this experiment, students engage in production of paper airplanes using some fixed inputs of production. In successive rounds of production, additional units of labor are added to the fixed inputs. Students record output levels at the various levels of labor input. This data can then be used to calculate average and marginal products of labor. This exercise clearly illustrates the law of diminishing marginal product.

Other Contributions (2)

Tisha Emerson part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Associate Professor of Economics One Bear Place, #98003 Waco, TX 76798-8003 Tisha_Nakao@baylor.edu Phone:254-710-4180 Background Information Tisha Emerson is the Associate Department Chair and Associate Professor ...

Tisha Emerson part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Associate Professor of Economics One Bear Place, #98003 Waco, TX 76798-8003 Tisha_Nakao@baylor.edu Phone:254-710-4180 Background Information Tisha Emerson is the Associate Department Chair and Associate Professor ...


Events and Communities

Economics in Two Year Colleges Workshop 2011

Developing Modules for Teaching Economics Participants