Jan 7, 2014

Teaching Economics (part 2)

Project-based learning looks promising to teach principles classes. For example, look at this possibility (Peter Anthony) for micro:
The scenario is based on a government decision to impose a price ceiling on gasoline. The Project is aptly title “The Invisibe Hand.” Students are members of a policy group. After listening to voice mails from a variety of stakeholders concerned about shortages and reading an editorial from a oil producer they are tasked to set priorities as to who should receive gasoline, set the price, explain how a price ceiling will lead to shortages and black markets and write their own editorial. . . 

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