Using an Open-Source Computer Algebra System to Teach Economics

21 Pages Posted: 21 Nov 2013

See all articles by Mike Hammock

Mike Hammock

Middle Tennessee State University - Department of Economics and Finance

James W. Mixon

Berry College - Department of Economics

Date Written: November 20, 2013

Abstract

Computer Algebra Systems can be combined with conventional teaching methods to provide students a more "hands-on" understanding of economic concepts. Maxima and its interface wxMaxima are open source (and therefore zero-price) alternatives to expensive programs like Maple and Mathematica. This paper argues for the benefits of using wxMaxima, and presents several examples for instructors to use in classes. Many of these examples are from Hodgin (1999), but we provide additional examples, and enhance some of Hodgin’s examples by adding animation. We also provide several simple exercises for students to try, and explain why these exercises can deepen students' understanding.

Keywords: pedagogy, wxmaxima, maxima, computer algebra system

JEL Classification: A22, A23, C6

Suggested Citation

Hammock, Mike and Mixon, James W., Using an Open-Source Computer Algebra System to Teach Economics (November 20, 2013). Available at SSRN: https://ssrn.com/abstract=2357536 or http://dx.doi.org/10.2139/ssrn.2357536

Mike Hammock (Contact Author)

Middle Tennessee State University - Department of Economics and Finance ( email )

Murfreesboro, TN 37132
United States

James W. Mixon

Berry College - Department of Economics ( email )

Mount Berry, GA 30149
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
206
Abstract Views
1,003
Rank
282,980
PlumX Metrics