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The Test of Economic Knowledge or TEK is a standardized test of economics nationally norm-referenced in the United States for use in middle schools and in lower-grade levels of high schools.
The Basic Economics Test or BET is a standardized test of economics nationally norm-referenced in the United States for use in the upper-grade levels of elementary schools. It is one of four grade-level specific standardized economics tests (i.e., Test of Economic Knowledge (TEK), Test of Economic Literacy (TEL) and Test of Understanding in College Economics (TUCE)) sponsored and published by ...
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."
Administering exams. The Test of Understanding in College Economics or TUCE is a standardized test of economics used across the United States for over 50 years. [1]The test is nationally norm-referenced in the United States for use at the undergraduate level, primarily targeting introductory or principles-level coursework in economics.
The proctor cannot help a student with the test but can help the student understand the instructions. The proctor is not allowed to access STAAR test content at any time except as mandated by a manual or documented needs of the student. Texas law provides for civil or criminal prosecution of someone divulging test content or student information.
Experimental economics is the application of experimental methods [1] to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives.
Economics was the second Keynesian textbook in the United States, following the 1947 The Elements of Economics, by Lorie Tarshis.Like Tarshis's work, Economics was attacked by American conservatives (as part of the Second Red Scare, or McCarthyism), universities that adopted it were subject to "conservative business pressuring", and Samuelson was accused of Communism.
These are the bundles at which Crusoe's and Friday's marginal rate of substitution are equal. [1] In a simple exchange economy, the contract curve describes the set of bundles that exhaust the gains from trade. But in a Robinson Crusoe/Friday economy, there is another way to exchange goods – to produce less of one good and more of the other. [5]