Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-1
O. Gerasimchuk
The subject of research of the scientific article is the optimization of the resource potential of the enterprise based on the analysis of the structure of financial resources. The methodological basis of the study were the provisions of modern economic theory, financial statements of the studied enterprise and scientific works of scientists. The purpose of the study is to analyze the optimization of the components of the resource potential of the enterprise. In the course of the research the estimation of optimization of structure of financial resources of the enterprise on the basis of the multicriteria approach was carried out. It is determined that the total amount of financial resources that is necessary for the researched enterprise – sources of financing is 150 000 thousand UAH. Based on the results of calculations of the cost of borrowed capital, taking into account the tax corrector, the weighted average cost of capital was calculated for all 10 alternatives. Given that the company is interested in obtaining a certain amount of financial resources at the lowest weighted average interest rate in the presented models, the best alternatives are 1 and 10 where the weighted average cost of capital is 15.51%. It is concluded that under the terms of the settlement agreement a significant increase in the profitable part of the researched enterprise is planned, taking into account the possibilities in the future, and first of all taking into account the real, for today, state of financial and economic activity of the enterprise. Therefore, the company needs to use a comprehensive approach to managing its financial resources. In the conditions of transformation of market relations forecasting and substantiation of strategy of development of financial and economic activity of the organization taking into account an estimation of dynamics of a market conjuncture and influence of macroeconomic factors of maintenance of conformity of volume and structure of own and involved financial resources (capital). Resources in the process of operational, investment, financial activities of the organization to achieve optimal structure and value of own and borrowed resources from the standpoint of impact on the financial condition of the enterprise and ensure its financial stability, liquidity, solvency minimization of financial resources.
{"title":"OPTIMIZATION OF RESOURCE POTENTIAL OF THE ENTERPRISE ON THE BASIS OF ANALYSIS OF THE STRUCTURE OF FINANCIAL RESOURCES","authors":"O. Gerasimchuk","doi":"10.30525/2500-946x/2021-2-1","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-1","url":null,"abstract":"The subject of research of the scientific article is the optimization of the resource potential of the enterprise based on the analysis of the structure of financial resources. The methodological basis of the study were the provisions of modern economic theory, financial statements of the studied enterprise and scientific works of scientists. The purpose of the study is to analyze the optimization of the components of the resource potential of the enterprise. In the course of the research the estimation of optimization of structure of financial resources of the enterprise on the basis of the multicriteria approach was carried out. It is determined that the total amount of financial resources that is necessary for the researched enterprise – sources of financing is 150 000 thousand UAH. Based on the results of calculations of the cost of borrowed capital, taking into account the tax corrector, the weighted average cost of capital was calculated for all 10 alternatives. Given that the company is interested in obtaining a certain amount of financial resources at the lowest weighted average interest rate in the presented models, the best alternatives are 1 and 10 where the weighted average cost of capital is 15.51%. It is concluded that under the terms of the settlement agreement a significant increase in the profitable part of the researched enterprise is planned, taking into account the possibilities in the future, and first of all taking into account the real, for today, state of financial and economic activity of the enterprise. Therefore, the company needs to use a comprehensive approach to managing its financial resources. In the conditions of transformation of market relations forecasting and substantiation of strategy of development of financial and economic activity of the organization taking into account an estimation of dynamics of a market conjuncture and influence of macroeconomic factors of maintenance of conformity of volume and structure of own and involved financial resources (capital). Resources in the process of operational, investment, financial activities of the organization to achieve optimal structure and value of own and borrowed resources from the standpoint of impact on the financial condition of the enterprise and ensure its financial stability, liquidity, solvency minimization of financial resources.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"186 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75188261","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-17
D. Fedun
This article provides general information about the process of economists training in Ukraine during the period with the planned system of economic relations. The main subject of the research is the educational process of training future economists in institutions of higher education in Ukraine in the 1960s –1980s of the twentieth century. The structural constituent elements of the educational process are considered on the example of Kiev Institute of National Economy and Kharkov Engineering and Economic Institute. The purpose of the article is to study and analyze the pedagogical experience of economic personnel training for the planned system of regulation of financial and economic relations and to identify promising areas for further research, with the subsequent introduction of the identified progressive historical experience into the modern system of higher economic education. In the process of studying the history of economic personnel training in higher educational institutions of Ukraine, in the 1960s – 1980s, on the basis of such methodological principles as: scientificness, objectivity and historicism (including the use of chronological scientific and systematic approaches), it was applied a theoretical-search research method: historical analysis of literature, documents and archival materials. The article includes: the study of the duration of the learning process; training schedule for specialists; allocation of training time for laboratory work, workshops, seminars, lectures. Within the boundaries of the main subject of the study, educational subjects of general scientific, general economic, general technical and specialized cycles are also presented, which are included in the plan of the educational process. The optional disciplines recommended for study at the student's choice are considered. Practical training is highlighted as a rather important element in the training of an economist. Options for end-of-course assessments are presented. Also, in the process of studying the historical experience of economists training in the higher education system of Ukraine, the following structural elements were analyzed: the system of higher educational institutions, through which the training of economists was carried out; forms of specialists training; types of training sessions used in the learning process; the applied knowledge assessment system; existing qualification areas of training, which included a variety of economic specialties. The value of this study lies in the fact that the pedagogical experience of the process of economists training in the period with the planned economic model of management in the Ukrainian higher education institution in the 60s-80s of the twentieth century was studied for the first time. The result of the research is the obtained data on the training of economists for a system with a planned type of regulation of economic processes, as well as the formed directions for deeper research. The main directions
{"title":"TRAINING OF ECONOMIC PERSONNEL IN A UNIVERSITY OF UKRAINE (1960S – 1980S OF THE TWENTIETH CENTURY)","authors":"D. Fedun","doi":"10.30525/2500-946x/2021-2-17","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-17","url":null,"abstract":"This article provides general information about the process of economists training in Ukraine during the period with the planned system of economic relations. The main subject of the research is the educational process of training future economists in institutions of higher education in Ukraine in the 1960s –1980s of the twentieth century. The structural constituent elements of the educational process are considered on the example of Kiev Institute of National Economy and Kharkov Engineering and Economic Institute. The purpose of the article is to study and analyze the pedagogical experience of economic personnel training for the planned system of regulation of financial and economic relations and to identify promising areas for further research, with the subsequent introduction of the identified progressive historical experience into the modern system of higher economic education. In the process of studying the history of economic personnel training in higher educational institutions of Ukraine, in the 1960s – 1980s, on the basis of such methodological principles as: scientificness, objectivity and historicism (including the use of chronological scientific and systematic approaches), it was applied a theoretical-search research method: historical analysis of literature, documents and archival materials. The article includes: the study of the duration of the learning process; training schedule for specialists; allocation of training time for laboratory work, workshops, seminars, lectures. Within the boundaries of the main subject of the study, educational subjects of general scientific, general economic, general technical and specialized cycles are also presented, which are included in the plan of the educational process. The optional disciplines recommended for study at the student's choice are considered. Practical training is highlighted as a rather important element in the training of an economist. Options for end-of-course assessments are presented. Also, in the process of studying the historical experience of economists training in the higher education system of Ukraine, the following structural elements were analyzed: the system of higher educational institutions, through which the training of economists was carried out; forms of specialists training; types of training sessions used in the learning process; the applied knowledge assessment system; existing qualification areas of training, which included a variety of economic specialties. The value of this study lies in the fact that the pedagogical experience of the process of economists training in the period with the planned economic model of management in the Ukrainian higher education institution in the 60s-80s of the twentieth century was studied for the first time. The result of the research is the obtained data on the training of economists for a system with a planned type of regulation of economic processes, as well as the formed directions for deeper research. The main directions ","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"25 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75472200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-16
R. Nevzorov
In this research, based on the analysis of scientific sources and empirical material, the features and requirements for the quality of ground training of future tactical aviation pilots in an institution of higher military education are characterized. It is noted that the signs in the XXI century are digitalization, informatization and humanization of education, and the leading pedagogical tool is modern information technologies of teaching. The purpose of the article is to improve the quality management system of ground training of future tactical aviation pilots in an institution of Higher Military Education (SVVO) in the conditions of a modern educational space based on a competent model of training military specialists by means of digital and innovative pedagogical technologies; introduction into the practice of a higher military educational institution of tools for managing the quality of training military specialists. Methodology of the article: analysis of domestic and foreign philosophical, psychological, pedagogical and methodological literature; abstraction and concretization to define the concept of mechanisms of higher military education in a modern educational space, systematization, generalization. Results: The management of the ground training system for combat flights of future tactical aviation pilots is updated by the lack of its disclosure by theorists of military pedagogical science. Practical implictions: influence on the quality of development of the military organization of the state. Value/origiality: Today in Ukraine there is no integral well-founded pedagogical system of ground training for combat flights of future military pilots as a result of insufficient scientific study of this problem in pedagogical theory as a whole.
{"title":"QUALITY MANAGEMENT OF GROUND TRAINING OF FUTURE PILOTS IN THE CONDITIONS OF MODERN EDUCATIONAL SPACE IN UKRAINE","authors":"R. Nevzorov","doi":"10.30525/2500-946x/2021-2-16","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-16","url":null,"abstract":"In this research, based on the analysis of scientific sources and empirical material, the features and requirements for the quality of ground training of future tactical aviation pilots in an institution of higher military education are characterized. It is noted that the signs in the XXI century are digitalization, informatization and humanization of education, and the leading pedagogical tool is modern information technologies of teaching. The purpose of the article is to improve the quality management system of ground training of future tactical aviation pilots in an institution of Higher Military Education (SVVO) in the conditions of a modern educational space based on a competent model of training military specialists by means of digital and innovative pedagogical technologies; introduction into the practice of a higher military educational institution of tools for managing the quality of training military specialists. Methodology of the article: analysis of domestic and foreign philosophical, psychological, pedagogical and methodological literature; abstraction and concretization to define the concept of mechanisms of higher military education in a modern educational space, systematization, generalization. Results: The management of the ground training system for combat flights of future tactical aviation pilots is updated by the lack of its disclosure by theorists of military pedagogical science. Practical implictions: influence on the quality of development of the military organization of the state. Value/origiality: Today in Ukraine there is no integral well-founded pedagogical system of ground training for combat flights of future military pilots as a result of insufficient scientific study of this problem in pedagogical theory as a whole.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"9 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82589723","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-8
Olha Lukova
Financial instruments, which appeared in the international arena of accounting regulations in October 1986, are still considered one of the most complex objects of accounting. The difficulties of their accounting recording are often associated with a complicated regulation of the relevant issue within international and national standards for accounting and financial reporting. At the same time, one ignores the fact that these specific objects of accounting have been used in the economy much earlier than their accounting regulations are formed. Not least important is the aspect that financial instruments have a contractual nature, which determines the dependence of their identification as an object of accounting on professional judgment. The purpose of the research is to cover the preconditions for the emergence of financial instruments in the accounting system and elucidate the reasons for the complexity of their identification as an object of accounting. The subject of the research is the theoretical background of the identification of financial instruments as an object of accounting. This research has theoretical nature that predetermined a set of methods for its conducting, as follows: analysis – to distinguish between the industrial, financial, and digital epochs and establish the relevance of financial instruments to them; abstraction and comparison – to clarify the peculiarities, common and distinctive features of accounting recording of financial instruments in the production, financial and digital eras; graphical method – to visualize the sequence of the emergence of the financial instruments in accounting and the identified contradictions when recording them in the balance sheet. The application of the mentioned methodology allowed elucidating the prerequisites for the emergence of financial instruments in accounting and specifying the reasons for the complexity to identify financial assets, financial liabilities, and equity instruments as objects of accounting. Approaches, which have been formed in the accounting system during the predominance of assets of the real economy, do not undergo the necessary transformations and adaptations to the objects that represent a virtual component of the economy. Moreover, the balance sheet as the basic form of financial reporting of any enterprise still reflects the production era, which gave way to the financial and digital ones.
{"title":"IDENTIFICATION OF FINANCIAL INSTRUMENTS AS AN OBJECT OF ACCOUNTING","authors":"Olha Lukova","doi":"10.30525/2500-946x/2021-2-8","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-8","url":null,"abstract":"Financial instruments, which appeared in the international arena of accounting regulations in October 1986, are still considered one of the most complex objects of accounting. The difficulties of their accounting recording are often associated with a complicated regulation of the relevant issue within international and national standards for accounting and financial reporting. At the same time, one ignores the fact that these specific objects of accounting have been used in the economy much earlier than their accounting regulations are formed. Not least important is the aspect that financial instruments have a contractual nature, which determines the dependence of their identification as an object of accounting on professional judgment. The purpose of the research is to cover the preconditions for the emergence of financial instruments in the accounting system and elucidate the reasons for the complexity of their identification as an object of accounting. The subject of the research is the theoretical background of the identification of financial instruments as an object of accounting. This research has theoretical nature that predetermined a set of methods for its conducting, as follows: analysis – to distinguish between the industrial, financial, and digital epochs and establish the relevance of financial instruments to them; abstraction and comparison – to clarify the peculiarities, common and distinctive features of accounting recording of financial instruments in the production, financial and digital eras; graphical method – to visualize the sequence of the emergence of the financial instruments in accounting and the identified contradictions when recording them in the balance sheet. The application of the mentioned methodology allowed elucidating the prerequisites for the emergence of financial instruments in accounting and specifying the reasons for the complexity to identify financial assets, financial liabilities, and equity instruments as objects of accounting. Approaches, which have been formed in the accounting system during the predominance of assets of the real economy, do not undergo the necessary transformations and adaptations to the objects that represent a virtual component of the economy. Moreover, the balance sheet as the basic form of financial reporting of any enterprise still reflects the production era, which gave way to the financial and digital ones.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"44 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83222465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-25DOI: 10.30525/2500-946x/2021-1-11
Alina Artemenko
This study is devoted to the comparative analysis of the rules of foreign exchange regulation and control, as well as monetary measures implemented in developed counties during 2003-2020. Accordingly, the purpose is to compare currency restrictions imposed as a response to several economic, political and epidemiological situations and determine their relevance. The study consists of three main parts. The first section highlights the evolution of the monetary policies of different countries during the rapid global economic growth (2003-2007) and key monetary novation before and after the 2008-2009 great recession (macroprudential approach to monetary regulation). The second section describes the world post-crisis monetary system in terms of foreign exchange regimes. Finally, in the third section, the main focus is directed on the period of the COVID-19 crisis and, eventually, key monetary policy measures imposed in the leading economic areas as a reaction to macroeconomic instability and world uncertainty. The practical implications of this study are noteworthy to consider as the problem is outlined in three aspects: 1) evolutionary (with a step-by-step analysis of economic events from 2003 to 2020); 2) instrumental (with analysis of the tools of monetary, macroprudential and monetary policy); 3) country (in the context of world uncertainty). In most cases, the results show that countries produce shocks that transferred to the rest of the world (spillbacks effect). Also, in a financially integrated world, macroprudential policies are valuable and essential because instability becomes a key defect of the modern market system. That is why monetary policy, especially after the crisis, is critical in stabilizing macroeconomic fluctuations.
{"title":"MONETARY MEASURES AND CURRENCY REGULATION DURING MACROECONOMIC INSTABILITY AND WORLD UNCERTAINTY","authors":"Alina Artemenko","doi":"10.30525/2500-946x/2021-1-11","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-1-11","url":null,"abstract":"This study is devoted to the comparative analysis of the rules of foreign exchange regulation and control, as well as monetary measures implemented in developed counties during 2003-2020. Accordingly, the purpose is to compare currency restrictions imposed as a response to several economic, political and epidemiological situations and determine their relevance. The study consists of three main parts. The first section highlights the evolution of the monetary policies of different countries during the rapid global economic growth (2003-2007) and key monetary novation before and after the 2008-2009 great recession (macroprudential approach to monetary regulation). The second section describes the world post-crisis monetary system in terms of foreign exchange regimes. Finally, in the third section, the main focus is directed on the period of the COVID-19 crisis and, eventually, key monetary policy measures imposed in the leading economic areas as a reaction to macroeconomic instability and world uncertainty. The practical implications of this study are noteworthy to consider as the problem is outlined in three aspects: 1) evolutionary (with a step-by-step analysis of economic events from 2003 to 2020); 2) instrumental (with analysis of the tools of monetary, macroprudential and monetary policy); 3) country (in the context of world uncertainty). In most cases, the results show that countries produce shocks that transferred to the rest of the world (spillbacks effect). Also, in a financially integrated world, macroprudential policies are valuable and essential because instability becomes a key defect of the modern market system. That is why monetary policy, especially after the crisis, is critical in stabilizing macroeconomic fluctuations.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"23 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73468281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-18DOI: 10.1016/j.iree.2021.100224
Bernd Süssmuth, Bastian Gawellek, F. Koenings
{"title":"Economics Education, Childhood Socialization, and the Transmission of Allocation Preferences","authors":"Bernd Süssmuth, Bastian Gawellek, F. Koenings","doi":"10.1016/j.iree.2021.100224","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100224","url":null,"abstract":"","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"1 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85260697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-01DOI: 10.1016/J.IREE.2021.100216
Magdalena Cladera
{"title":"Assessing the attitudes of economics students towards econometrics","authors":"Magdalena Cladera","doi":"10.1016/J.IREE.2021.100216","DOIUrl":"https://doi.org/10.1016/J.IREE.2021.100216","url":null,"abstract":"","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"45 2 1","pages":"100216"},"PeriodicalIF":2.1,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89174910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-01DOI: 10.1016/j.iree.2021.100216
Magdalena Cladera
Econometrics is the dominant research methodology in Economics, and it is also frequently used in other social sciences disciplines. Skills related to this subject are much in demand around the world, both in the public and private sector. However, numerous Econometrics lecturers consider that Economics students do not have positive attitudes toward the subject. This can be a problem for learning the contents and acquiring econometric skills, since attitudes are crucial for the learning process. It has been argued that the development of positive attitudes should be a desired course outcome. This paper reports how lecturers can evaluate if this outcome has been achieved in their courses using a questionnaire for assessing students’ attitudes towards Econometrics. In this research it has been administered to undergraduate Economics students at the end of an introductory Econometrics course. There are no other studies of this type related to this subject. Further research extending the preliminary instrument presented in this research to other courses, universities, countries… would be very convenient.
{"title":"Assessing the attitudes of economics students towards econometrics","authors":"Magdalena Cladera","doi":"10.1016/j.iree.2021.100216","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100216","url":null,"abstract":"<div><p>Econometrics is the dominant research methodology in Economics, and it is also frequently used in other social sciences disciplines. Skills related to this subject are much in demand around the world, both in the public and private sector. However, numerous Econometrics lecturers consider that Economics students do not have positive attitudes toward the subject. This can be a problem for learning the contents and acquiring econometric skills, since attitudes are crucial for the learning process. It has been argued that the development of positive attitudes should be a desired course outcome. This paper reports how lecturers can evaluate if this outcome has been achieved in their courses using a questionnaire for assessing students’ attitudes towards Econometrics. In this research it has been administered to undergraduate Economics students at the end of an introductory Econometrics course. There are no other studies of this type related to this subject. Further research extending the preliminary instrument presented in this research to other courses, universities, countries… would be very convenient.</p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"37 ","pages":"Article 100216"},"PeriodicalIF":2.1,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100216","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71855812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-01DOI: 10.1016/j.iree.2021.100214
Yu-Hsuan Lin
This paper proposes a classroom experiment to illustrate the specific-factors model. In it, students act as decision-makers in an economy comprising two goods and three factors, and each is asked to maximize the value of marginal production by allocating his/her labor force between the two sectors. Through trading products, all players work as a whole economy in pursuit of higher welfare. From their individual perspectives, they can observe the impacts of relative price changes and international labor mobility on productivity and income distribution. The group perspective, meanwhile, reveals the gains arising from trade and welfare. Together with discussion of theoretical predictions, experimental results and case studies, this classroom experiment could foster better learner understanding of the specific-factors model, both individually and collectively.
{"title":"A classroom experiment on the specific factors model","authors":"Yu-Hsuan Lin","doi":"10.1016/j.iree.2021.100214","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100214","url":null,"abstract":"<div><p><span>This paper proposes a classroom experiment to illustrate the specific-factors model. In it, students act as decision-makers in an economy comprising two goods and three factors, and each is asked to maximize the value of marginal production by allocating his/her labor force between the two sectors. Through trading products, all players work as a whole economy in pursuit of higher welfare. From their individual perspectives, they can observe the impacts of relative price changes and international </span>labor mobility on productivity and income distribution. The group perspective, meanwhile, reveals the gains arising from trade and welfare. Together with discussion of theoretical predictions, experimental results and case studies, this classroom experiment could foster better learner understanding of the specific-factors model, both individually and collectively.</p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"37 ","pages":"Article 100214"},"PeriodicalIF":2.1,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100214","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71855811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-01DOI: 10.1016/j.iree.2021.100217
Patrick Gourley
Instructors regularly assign textbook readings and encourage students to take notes on those readings. Despite this being standard preparation for many courses, there has been little scholarship on how much this pre-lecture preparation helps students learn. Using a panel data set that leverages student fixed effects, the impact that reading the text and taking notes has on quizzes and exams in an Introduction to Microeconomics course is quantified. I find that taking a page of pre-lecture notes and reading the text increases quiz grades by up to a standard deviation. With regard to exams, when students take notes on the textbook their scores also increase, in some cases by a full letter grade. These results show even a small amount of preparation can have a significant impact on student achievement.
{"title":"Back to basics: How reading the text and taking notes improves learning","authors":"Patrick Gourley","doi":"10.1016/j.iree.2021.100217","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100217","url":null,"abstract":"<div><p>Instructors regularly assign textbook readings and encourage students to take notes on those readings. Despite this being standard preparation for many courses, there has been little scholarship on how much this pre-lecture preparation helps students learn. Using a panel data set that leverages student fixed effects<span><span>, the impact that reading the text and taking notes has on quizzes and exams in an Introduction to Microeconomics course is quantified. I find that taking a page of pre-lecture notes and reading the text increases quiz grades by up to a </span>standard deviation. With regard to exams, when students take notes on the textbook their scores also increase, in some cases by a full letter grade. These results show even a small amount of preparation can have a significant impact on student achievement.</span></p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"37 ","pages":"Article 100217"},"PeriodicalIF":2.1,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100217","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71855815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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