Classroom Games: Rent-Seeking and the Inefficiency of Non-Market Allocations | Zendy

Jacob K. Goeree | Zendy; Charles A. Holt | Zendy

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Classroom Games: Rent-Seeking and the Inefficiency of Non-Market Allocations

Author(s) -

Jacob K. Goeree,

Charles A. Holt

Publication year - 1999

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.13.3.217

Subject(s) - inefficiency , skepticism , intuition , variety (cybernetics) , rent seeking , abstraction , economics , mathematics education , positive economics , microeconomics , psychology , computer science , epistemology , political science , cognitive science , law , artificial intelligence , philosophy , politics

Economics is often taught at a level of abstraction that can hinder some students from gaining basic intuition. However, lecture and textbook presentations can be complemented with classroom exercises in which students make decisions and interact. The approach can increase interest in and decrease skepticism about economic theory. This feature offers short descriptions of classroom exercises for a variety of economics courses, with something of an emphasis on the more popular undergraduate courses.

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