economic websites for elementary students

Has many hand-run versions of his computerized experiments on veconlab. You will need a log-in name.Ĭharlie Holt's book “Markets, Games, & Strategic Behavior”

The second is for participating students to log in. The first link shown will be for the instructor to start an experiment. Useful Links and Related Literature resourceĬharlie Holt’s website has a variety computerized experiments. Complete List of Interactive Experiments.The Ultimatum and the Dictator Bargaining Games.An experiment can make it easier for students to grasp a threshold concept like Nash equilibrium.This quickly leads to questions on the current frontier of our science. To show that economic theory might not work (for instance, in an ultimatum game).This is important because students or the general public are often sceptical about the use of mathematical analysis in economics. To show that economic theory can work (for instance, in a Bertrand game).In the double auction experiment they experience, for example, how demand and supply drive the market towards equilibrium. They help students to understand an otherwise abstract model.

Why use experiments in teaching economics? Also, a challenge to anyone to say the public welfare system is not riddled with inefficiency. I challenge anyone to run the numbers and prove the giving river wrong. And more money goes to paying employees of the system to manage the lesser amount of money actually going to public welfare. The problem is that these welfare systems that are in place, are terribly inefficient. We see something similar to this in paying taxes to support the public welfare system. And what you need when you need it comes from the river, for the most part. What you do not need for right now goes to the river. Numbers insist that an economic model of giving, can produce an economy of abundance in that, if all were to give consistently, a substantial amount, into, let's picture it as a river of abundance. This page refers to information on economic classroom experiments and related material.

Economic websites for elementary students