Teaching the crisis: Climate change policy and cost curve confusion

Charles A. Holt and Erica R. Sprott

The Journal of Economic Education, 2025, vol. 56, issue 1, 66-75

Abstract: The authors of this article explain how two Veconlab class “experiments” can be used to clarify common points of confusion about the cost curves (sunk, marginal, and average). In each case, the experiment can be motivated, framed, or explained with environmental policy applications that are provided in the suggestions-for-discussion section. The connections to climate change are used to enhance student interest. Providing relative earnings information during the experiment is an effective way to let students discover their own misconceptions.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00220485.2024.2423765 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jeduce:v:56:y:2025:i:1:p:66-75

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/VECE20

DOI: 10.1080/00220485.2024.2423765

Access Statistics for this article

The Journal of Economic Education is currently edited by William Walstad

More articles in The Journal of Economic Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().