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Using Jeremy's Market in MarketSim to understand utility maximization part of Pedagogy in Action:Library: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 Pedagogy in Action:Library: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.

Subject: Economics

Stata Monte Carlo Simulation for Heteroskedasticity part of Pedagogy in Action:Library: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.

Subject: Economics

Hobson's Choice: A Game Simulation about Homelessness part of Pedagogy in Action:Library: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.

Population Simulator part of Pedagogy in Action:Library:Teaching with Simulations:Examples
This simulation uses United Nations world population projections to simulate future population trends for the whole world or of individual countries. Students will have an opportunity to examine population trends and make predictions.

Budget Explorer part of Pedagogy in Action:Library:Teaching with Simulations:Examples
Students often come to a principles course in economics with knowledge that is not correct. This example asks students to guess the percent of federal expenditures for different spending categories. They are then ...

Subject: Economics

Open Outcry Market part of Pedagogy in Action:Library:Teaching with Simulations:Examples
This example is an in-class market simulation conducted with paper cards assigning each student a buyer or seller role and a reservation price. This example is appropriate for both upper and lower division ...

Subject: Economics

EconModel part of Pedagogy in Action:Library:Teaching with Simulations:Examples
This site contains 21 modular, easy to use economic models, that are appropriate for class assignments or in-class demonstrations. Students can simulate all the standard models taught in most economics courses. ...

Subject: Economics

Mathematica Instructional Simulations part of Pedagogy in Action:Library:Teaching with Simulations:Examples
empty Summary empty Learning Goals emptyContext for Use emptyDescription and Teaching Materials emptyTeaching Notes and Tips emptyAssessment emptyReferences and Resources emptySee more ...

Supply Chain Management Simulation Activity part of Examples
A free online simulation that demonstrated the bull-whip effect, and the complexities of supply chain management, responding to changes in customer demand.

Subject: Business, Economics