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Coke vs. Pepsi Taste Test: Experiments and Inference about Cause part of Examples
The Coke vs. Pepsi Taste Test Challenge has students design and carry out an experiment to determine whether or not students are able to correctly identify two brands of cola in a blind taste test. In the first ...
Reese's Pieces Activity: Sampling from a Population part of Examples
This activity uses simulation to help students understand sampling variability and reason about whether a particular samples result is unusual, given a particular hypothesis. By using first candies, then a web applet, and varying sample size, students learn that larger samples give more stable and better estimates of a population parameter and develop an appreciation for factors affecting sampling variability.
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.
Transgenic Fly Lab part of Examples
This virtual fly lab provides participants with knowledge to better understand contruct and transpose DNA, transgenic organisms, gene expression, and circadian rhythm.
Using Excel Spreadsheets to Explore Profit Maximization part of Pedagogy in Action:Library:Teaching with Simulations:Examples
This exercise uses a simple Excel spreadsheet to explore the concept of profit-maximization for a perfectly competitive firm.
Specialization and Division of Labor part of Pedagogy in Action:Library: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.
Dynamic Integrated Climate Change Model (DICE) part of Pedagogy in Action:Library: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. ...
Fair Model part of Pedagogy in Action:Library: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 ...
Tax Game part of Pedagogy in Action:Library: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.
MarketSim part of Pedagogy in Action:Library: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 ...