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EconPractice

Partner:
Thomas Groll, Senior Lecturer, School of International and Public Affairs

Developing a deep understanding of economic principles is a critical foundation for many disciplines. EconPractice helps students understand abstract economic theory more intuitively by supporting repetition, challenge problems, and play.

EconPractice is an online environment for authoring and interacting with economic concepts. Instructors can construct and assign challenge scenarios for basic principles, such as demand and supply. Students then manipulate variables and visualize theory in a self-directed graphing interface, receiving feedback along the way.

EconPractice was conceived by Thomas Groll, Senior Lecturer in the Discipline of International and Public Affairs, who uses the platform in his large lecture course Macroeconomics for International and Public Affairs', a core course for many master’s programs at Columbia’s School of International and Public Affairs. The course is designed to provide students with a strong foundation in macroeconomics and allow them to analyze and critically assess arguments made in current policy debates as well as in their careers. Professor Groll found that many of his students struggled to attain proficiency with the traditional textbook, office hours and tutoring. The large scale of his classes—between 230 and 280 students—made additional individualized attention and feedback impractical. 

In 2017, Dr. Groll proposed an adaptive learning tool as an innovative way to support his students. He felt that providing students with an environment to reattempt problems, receive immediate feedback, and review targeted materials (video, text, illustrations) would improve learning outcomes.

CTL staff collaborated with Dr. Groll to develop an initial set of nine templates that modeled essential economic concepts. The scenarios can be embedded within external sites, as well as be integrated as CourseWorks assignments.

Since the initial development round, the CTL has continued its collaboration with Dr. Groll, adding six new graph prototypes and two new graphing features highlighting curves and interactions across multiple graphs . This allows for deeper understanding into how markets and people’s decisions interact. A basic user management system was also added to support individual course content.

Gallery

Gallery image: The Optimal Choice: Consumption Savings graph challenges students to identify how an economic scenario affects a budget constraint, and how a change in budget constraint affects change in optimal choice between savings and consumption. Students will learn how current income, future income, savings and interest rates affect future outcomes.
Gallery image: The Cobb-Douglas graph models the relationship between production output and production inputs. Students can manipulate the variables within the equation via sliders and immediately see how the relationships change.
Gallery image: Instructors can tailor economic scenarios for use in their class. In this example, students collaborate on a diagram that illustrates the equilibrium in the labor market with the ratio of skilled to less skilled workers and the wage skill premium.

Partner

Headshot photo of Thomas Groll
Thomas Groll
Senior Lecturer in the Discipline of International and Public Affairs
School of International and Public Affairs