Discovering Economics in the Classroom with Experimental Economics and the Scottish Enlightenment
Vernon Smith and
Bart Wilson ()
International Review of Economic Education, 2010, vol. 9, issue 2, 10-33
This paper describes a curriculum for teaching economics using laboratory experiments. The key features of the curriculum are the low technology barriers, complete instructions for running the experiment and debriefing the results, and a guide for teacher-led roundtable discussions motivated by the Scottish philosophers. Our main goal is to present economic principles to young students in a way that is both exciting and accessible, while emphasizing the discovery process underlying wealth creation in modern economies using laboratory experiments.
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