Summarizes underlying tenets and policy implications of new classical and new Keynesian macroeconomics. Compares new approaches with orthodox Keynesian and monetarist schools of thought. Identifies the fundamental difference between new classical and new Keynesian models as the assumption regarding the speed of wage and price adjustment following…

"Give and Take" is a series of 12 15-minute television/film programs and related print materials on economics and consumer economics designed for 13- to 15-year-olds. The series purposes are to improve economics' knowledge and decision-making skills. This booklet contains reviews of six research studies that examined the impact of the…

Reviews recent research into the theory of the kinked demand curve in economics. Applies this theory to economic concepts such as marginal cost and price flexibility. Discusses the implications for corporations and government policymakers. (CFR)

Discusses the economic concepts of complementarity and anticomplementarity related to prices of inputs. Reviews traditional treatment of these concepts by economics instructors and textbooks. Presents an approach that builds on the concepts of input complementarity, independence, and anticomplementarity. (CFR)

Economists use nonrandom sampling and self-selectivity models to analyze a variety of issues. Individuals are not homogeneous and self-select into those alternatives where they have a comparative advantage. Examples where self-selection models have been applied include analyzing schooling, labor supply, and career choices. A student's…

Money, banking, and macroeconomic textbooks traditionally present the topics of money, the creation of demand deposits by depository institutions, and the Hicksian-Keynesian Theory of Income and Interest separately, as if they were unrelated. This paper presents an integrated approach to those subjects using computer programs written in BASIC, the…

This study that examined the economic reasoning of preschool and elementary school children concluded that (1) the nature of children's economic reasoning is supportive of cognitive development theory; (2) children's economic reasoning varies somewhat by personal experiences, and (3) the intermediate grades are an appropriate level to emphasize…

Seeks to explain economists' differences of opinion, through the example of contemporary British economic debate. Observes that part of the explanation lies in the complexity of economic issues. Argues that the more important factor lies in economists' ideological differences. Contrasts the views of the libertarian and market interventionist…

Considers how design and technology may contribute to the development of students' economic understanding. Defines design and technology and the connection to economic understanding through values. Suggests that technology teachers need to be made aware of a broad range of contexts that can be used to develop economic understanding through…

This study involved the use of "economic reasoning," which refers to the application of the concept of cost-benefit analysis to personal decision making. The study examined the degree of economic reasoning employed by high school seniors who had received instruction in cost benefit analysis. The main purpose of the study was to compare the…

This research study was based upon a national survey in March 1992, conducted to assess the economic literacy of the U.S. public. The survey data were used to measure the economic knowledge of the public, to identify factors that affect economic knowledge, and to evaluate the influence of economic knowledge on public opinion about current economic…

Discusses issues related to short-run marginal cost and long-run marginal cost in economic theory. Asserts that few economics textbooks deal with important aspects of this concept. Includes four figures illustrating the approach suggested by the authors. (CFR)

Presents a diagram for figuring the value of time into an individual's labor-supply decisions and the time intensiveness of the individual's consumption patterns. Seeks to make the integration of differing time values with leisure income choices more understandable for students. (DK)

This paper reports preliminary research into the nature of relative expertise in economic problem solving. Specifically, this report seeks to address the question of whether the presence of economic knowledge alone accounts for expertise in economic problem solving or whether both economic knowledge and the development and employment of economic…

This paper reports preliminary research into the nature of relative expertise in economic problem solving. The first section briefly describes why such research is needed in the context of research on expert and novice problem solving. It also presents the problem explored in this study in the context of the existing research. Subsequent sections…