التفاصيل البيبلوغرافية
| العنوان: |
Teaching production theory through simulation. |
| المؤلفون: |
Nono Gueye, Ghislain1 (AUTHOR), Peterson, Jonathan R.1 (AUTHOR) peterson@latech.edu |
| المصدر: |
Journal of Economic Education. Jul-Sep2024, Vol. 55 Issue 3, p304-319. 16p. |
| مصطلحات موضوعية: |
*PROGRAMMING languages, *ELECTRICITY markets, *MARKET power, EXPERIENTIAL learning, WEB-based user interfaces, GRAPH theory |
| مستخلص: |
The authors present a Web application they designed in the R programming language as an experiential learning tool for teaching production theory. The app simulates production decisions where a manager is tasked to find the optimal mixture of inputs through experimentation. Users of the application are instructed to use calculations and intuitions from production theory to improve profitability quickly. The underlying parameters and starting points are randomized to allow for additional practice. Variations of the exercise correspond to cost-minimization and profit-maximization problems with and without market power in the output market. Also, the app provides dynamic, interactive visualizations in 3D in order to assist in a better understanding of standard production theory graphs. The app is located at . [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
