Teaching Perfect and Imperfect Competition with Context-Rich Problems

16 Pages Posted: 25 Oct 2007

See all articles by Joann Bangs

Joann Bangs

College of Saint Catherine - Department of Economics

Date Written: October 1, 2007

Abstract

In this paper I discuss a technique for helping students to apply economic principles outside of the classroom. In particular I discuss the use of context-rich problems. These problems involve setting up a realistic scenario with the student at the center of the problem and asking them to make decisions. Students need to determine which economic principles to apply in order to effectively solve the problem. I discuss particular context-rich problems that I developed involving competition in a principles of microeconomics course. I also discuss the methods I used to make the use of these context-rich problems more effective in my classes.

JEL Classification: A22

Suggested Citation

Bangs, Joann, Teaching Perfect and Imperfect Competition with Context-Rich Problems (October 1, 2007). Available at SSRN: https://ssrn.com/abstract=1024000 or http://dx.doi.org/10.2139/ssrn.1024000

Joann Bangs (Contact Author)

College of Saint Catherine - Department of Economics ( email )

2004 Randolph Ave., Box 4206
St. Paul, MN 55105
United States

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