Name: The Economic Experience. An Introduction through Experiments
SKU: 64752885
Price: 3648.00 TWD
Availability: InStock
Author: Charles A. Holt;Erica Sprott

portada The Economic Experience. An Introduction through Experiments

The Economic Experience. An Introduction through Experiments

Type

Physical Book

Publisher

Princeton University Press

Author

Charles A. Holt;Erica Sprott

Year

2025

Pages

248

Format

Hardcover

Dimensions

25.4x17.8 cm

ISBN13

9780691264097

The Economic Experience. An Introduction through Experiments

Charles A. Holt;Erica Sprott (Author) · Princeton University Press · Hardcover

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Synopsis "The Economic Experience. An Introduction through Experiments"

An innovative introduction to economic behavior that uses interactive experiments to promote experience-based discoveryThis book presents a unique active-learning approach to economic thinking, providing a behavioral perspective on basic economic concepts ranging from trust to trade. Each chapter features a classroom experiment where students engage directly with the material as market participants, and chapters come with warm-up exercises, quizzes, and incisive summaries. The Economic Experience empowers students to develop insights into essential economic principles and goes beyond merely documenting behavioral anomalies by showing students how to navigate and anticipate them through hands-on learning and team building. Encourages discovery of key behavioral insights with interactive class simulationsProvides a Socratic structure through lab reports for interpreting and applying lessons from experiment results while interacting with fellow studentsIncludes “What Economists Do” sections that highlight key applications and policy issuesCovers standard topics such as gains from trade, marginal analysis, and the resilience of competitive marketsEnables students to experience the negative effects of market imperfections related to monopoly power, non-price rent seeking, corruption, congestion, and inadequate incentives for the provision of public goodsIntroduces notions of risk and strategic behavior in games and auctionsExplains foundational macroeconomic concepts such as financial markets and the role of money while addressing behavioral issues like bank runs and asset market price bubbles that may arise in a macroeconomic settingIs supported by a free website that instructors can use to set up classroom experiments online