The page uses Browser Access Keys to help with keyboard navigation. Click to learn moreSkip to Navigation

Different browsers use different keystrokes to activate accesskey shortcuts. Please reference the following list to use access keys on your system.

Alt and the accesskey, for Internet Explorer on Windows
Shift and Alt and the accesskey, for Firefox on Windows
Shift and Esc and the accesskey, for Windows or Mac
Ctrl and the accesskey, for the following browsers on a Mac: Internet Explorer 5.2, Safari 1.2, Firefox, Mozilla, Netscape 6+.

We use the following access keys on our gateway

n Skip to Navigation
k Accesskeys description
h Help
 
    William Paterson University
   
 
  Nov 19, 2017
 
 
    
2017-2018 Undergrad Catalog

ECON 2050 Experimental Microeconomics


This course offers an alternative pedagogical approach to microeconomics education involving an auction and exchange mechanism utilizing the concepts of scarcity and opportunity costs. Students purchase auction chips at the beginning of the semester and utilize these chips in making decisions that influence supply and demand. This helps students to examine the determination of price and quantity in a competitive market as well as imperfectly competitive markets. Using a capitalistic model, the class then gets to vote on how to distribute the income among the community resources.
Credits: 3.0