This paper reports an experiment that investigates the effectiveness of cheat sheets as study aids for economics tests. A cheat sheet is a piece of paper that students can write anything they want on and use during a test. I find that both preparing and using a cheat sheet improves students'...

This paper surveys the current state of teaching in international macroeconomics and finance. After collecting graduate international macroeconomics syllabi taught by international economists in the leading US economics departments between 2001 and 2005, I study whether there is consensus on...

We carried out a survey among a large group of undergraduate students of different disciplines and different years to test whether the study of economics or scientific majors influences the degree by which people are affected by money illusion. We find significant differences between first-year...

Much of the insight economists would like to share with non-economists derives from two fundamental concepts: division of labor and intrinsic versus extrinsic incentives. As Plato's Republic offers concise treatment of both concepts, it provides an excellent complement to standard principles of...

Although the online teaching format continues to grow in popularity, faculty members teaching these courses are finding that this type of course places much larger demands on their time then a traditional format course. The subject matter covered and methodology used when instructing economics...

This is a paper about the economics of the Battle of Lepando (Nafpaktos) in Greece during the year 1571, when the Western League entered into a decisive naval battle with the Ottomans. The western ships, with the help of Greeks, won this naval Battle. In this naval battle the Western League...

The economy can be viewed as consisting of four sectors, the goods and services, labor, monetary, and international sectors, with overall equilibrium consisting of simultaneous equilibrium in each of these sectors. Interactions among these markets headaches for students. The “big...

A game in strategic form is strict dominance solvable if iterative elimination of strictly dominated strategies yields a unique strategy profile (strict dominance solution). Textbook presentations of this material are framed in the context of finite games and it is argued that if a strict...

I evaluate the just launched official criterion for assessing the economics research output in Brazil, called “Qualisâ€. I compare it with the simple journal impact factors released by RePEc. Four biases are identified: (1) left-wing journals have been favored, (2) mainstream British...

In this paper, we adopt the neoclassical model of consumer choice and view students as a utility maximizer to investigate two implied issues caused by grade inflation – knowledge illusion and economic inefficiency in the knowledge market. These issues are important because they negatively...