An In-Class Experiment to Teach Marginal Revenue Product Using the Baseball Labor Market and Moneyball

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dc.contributor.authorWooten, Jadrianen
dc.contributor.authorWhite, Dustin R.en
dc.date.accessioned2023-01-19T18:55:26Zen
dc.date.available2023-01-19T18:55:26Zen
dc.date.issued2018en
dc.date.updated2023-01-19T13:45:58Zen
dc.description.abstractWe describe a class project exploring principles of marginal revenue product and labor markets through the professional baseball labor market. No prior knowledge of baseball is required to implement this project. The objective is to provide the student a better understanding of economic principles by collecting and analyzing data about professional baseball free agents. This is intended to highlight economic principles while increasing student engagement. The project culminates in an in-class draft and season simulation activity that allows the students to apply the information they have collected in order to make decisions based on their work.en
dc.description.versionPublished versionen
dc.format.extentPages 115-133en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.58311/jeconteach/7b55e0e305e1c8ca05431a4c849a6c87aa2325aben
dc.identifier.eissn2690-506Xen
dc.identifier.issn2690-506Xen
dc.identifier.orcidWooten, Jadrian [0000-0002-7838-9349]en
dc.identifier.urihttp://hdl.handle.net/10919/113273en
dc.language.isoenen
dc.publisherJournal of Economics Teachingen
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.titleAn In-Class Experiment to Teach Marginal Revenue Product Using the Baseball Labor Market and <i>Moneyball</i>en
dc.title.serialJournal of Economics Teachingen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Scienceen
pubs.organisational-group/Virginia Tech/Science/Economicsen

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