Open Learning Initiative at Carnegie Mellon University
EconX: Experiments in Economics EconX: Experiments in Economics Open Learning Initiative at Carnegie Mellon University
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Economics
 


What is EconX?

While students can learn a lot about economics by going to a lecture or reading a book, it can still seem rather distant and abstract. At EconX, students experience economics firsthand through a collection of online experiments and workbooks.

 


Benefits:

EconX supplements and complements a traditional economics course with minimal effort required on the part of the instructor.

Designed to actively engage students in learning key economic concepts, the online experiments and workbooks can be done outside of class.

The course management features ease the teaching task. The instructor sets up the due dates for the experiments and workbooks and EconX automatically presents the material to students, supports students in learning the concepts, tracks student progress, and grades the results.


 

In each experiment students make deals online with other traders and attempt to earn as much profit as possible.

After each experiment, economics is really put to the test -- can economic theory predict and explain the complex interactions of the participants in the experiment?

Online workbooks seamlessly incorporate the data from the

experiment and guide students through the analysis and economic theory needed to understand the experiment.

Experiments cover most of the key topics in microeconomics:

  • supply and demand,
  • labor markets,
  • taxes,
  • monopolies and cartels,
  • externalities, and
  • information economics.

Carnegie Mellon University, Copyright 2003, Beginners Mind, Inc, Distributed by McGraw Hill
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