Experimental Method in Teaching Economics: Classroom Experiments and Its Applications to International Economics

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In general, economics courses are taught to the students at a fairly abstract level and it has a negative effect on student’s attitudes towards economic courses. But the courses can be completed with classroom experiments that students make decisions and interact with. Classroom experiments give the students the opportunity to explore on their own basic economic concepts by putting them in the role of economic decision makers and the chance to see the appropriateness of theories given in the books. Indeed, the studies on classroom experiments showed that with classroom experiments students are more interesded in economic courses and more successful in the exams. However, it is more difficult to reflect international economics concepts in classroom experiments than micro-economic concepts. As a result very few classroom experiments exist in this area. These classroom experiments mostly focused on the operation of comparative advantage, the importance of specialization in trade and exchange rate. The aim of this study is to introduce the classroom experiments and to show its applications on international economics.

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Experimental Economics , Economics Education , Classroom Experiments , International Trade , Exchange Rate

Ege Academic Review (EAR)

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Ege Academic Review (EAR)