{"product_id":"9780691264097-economic-experience","title":"The Economic Experience","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eAn Introduction through Experiments\u003cbr\u003e\u003cp\u003e\u003cb\u003eAn innovative introduction to economic behavior that uses interactive experiments to promote experience-based discovery\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThis book presents a unique active-learning approach to economic thinking, providing a behavioral perspective on basic economic concepts ranging from trust to trade. Each chapter features a classroom experiment where students engage directly with the material as market participants, and chapters come with warm-up exercises, quizzes, and incisive summaries. \u003ci\u003eThe Economic Experience\u003c\/i\u003e empowers students to develop insights into essential economic principles and goes beyond merely documenting behavioral anomalies by showing students how to navigate and anticipate them through hands-on learning and team building.\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eEncourages discovery of key behavioral insights with interactive class simulations\u003c\/li\u003e\n\u003cli\u003eProvides a Socratic structure through lab reports for interpreting and applying lessons from experiment results while interacting with fellow students\u003c\/li\u003e\n\u003cli\u003eIncludes “What Economists Do” sections that highlight key applications and policy issues\u003c\/li\u003e\n\u003cli\u003eCovers standard topics such as gains from trade, marginal analysis, and the resilience of competitive markets\u003c\/li\u003e\n\u003cli\u003eEnables students to experience the negative effects of market imperfections related to monopoly power, non-price rent seeking, corruption, congestion, and inadequate incentives for the provision of public goods\u003c\/li\u003e\n\u003cli\u003eIntroduces notions of risk and strategic behavior in games and auctions\u003c\/li\u003e\n\u003cli\u003eExplains foundational macroeconomic concepts such as financial markets and the role of money while addressing behavioral issues like bank runs and asset market price bubbles that may arise in a macroeconomic setting\u003c\/li\u003e\n\u003cli\u003eIs supported by a free website that instructors can use to set up classroom experiments online\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":56094193582454,"sku":"9780691264097","price":104.42,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_35752410.jpg?v=1755769584","url":"https:\/\/www.rarewaves.com\/products\/9780691264097-economic-experience","provider":"Rarewaves.com","version":"1.0","type":"link"}