The Automobile Industry and New Trade Theory: A Classroom Experiment

Autor/in	Yamarik, Steven
Titel	The Automobile Industry and New Trade Theory: A Classroom Experiment
Quelle	In: Journal of Economic Education, 49 (2018) 3, S.252-259 (8 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2018.1464982
Schlagwörter	Undergraduate Students; Economics Education; International Trade; Motor Vehicles; Manufacturing Industry; Educational Experiments; Teaching Methods; Theories; Learning Activities; Decision Making; Economic Climate + Suchen Sie Ihr Suchwort? Wirtschaftskunde; Trade; International relations; Handel; Internationale Beziehungen; Motor vehicle; Kraftwagen; Fertigungswirtschaft; Produzierendes Gewerbe; Schulversuch; Teaching method; Lehrmethode; Unterrichtsmethode; Theory; Theorie; Lernaktivität; Decision-making; Entscheidungsfindung; Wirtschaftslage
Abstract	In this study, the author describes a classroom experiment on new trade theory appropriate for undergraduate international economics and trade courses. Students portray U.S. and Japanese automobile manufacturers with different average cost schedules. There are five rounds in the experiment, starting with autarky in the 1960s and ending with the Great Recession of 2008-9. In each round, the instructor announces a market price and quantity and then each producer calculates its market share, average cost and profit; and makes its shutdown decision. By varying the market price and size, the experiment illustrates the gains from intra-industry trade and also how efficiency gains and economic recession impact individual firm performance. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01