The authors of this article propose a simple exercise of monopoly pricing to illustrate complex theoretical results on the welfare effects of group pricing. By exposing students to this exercise, they aim to bridge a gap between the standard textbook analysis of group pricing and more general results in the literature and clarify some students'…

There is a well-known connection between the barriers to entry created by an overburdensome regulatory climate and lower levels of productivity that create less economic growth. Many economics students are under the impression that regulations are designed to protect the workers and consumers as well as improve product quality, so they are often…

The Federal Reserve (the Fed) is the central bank of the United States. It has a congressional mandate to promote maximum sustainable employment and price stability. In normal times, the Fed seeks to achieve this mandate by setting the position or "stance" of monetary policy, primarily by managing the level of short-term interest rates.…

ACTA's What Will They Learn?® (WWTL) project is designed to help students choose the best college or university for them. The printed report and its online companion WhatWillTheyLearn.com represent the only assessment of U.S. colleges and universities that focuses on what schools are actually teaching. This report assigns grades to over 1,130…

"What Will They Learn?" has been documenting for the last 13 years the crisis of weak core curriculum requirements. In addition to helping students choose the right college for the right reasons, American Council of Trustees and Alumni (ACTA) works with college and university leaders on campuses around the country to strengthen curricula…

In this 12th edition of its flagship annual survey of college general education curricula, "What Will They Learn?," American Council of Trustees and Alumni (ACTA) shines a light on the wide disparity in academic standards at institutions of higher learning across the country. "What Will They Learn?" reviews the core curricula…

The authors present details of a research-based course in development economics taught at a private liberal arts college. There were three key elements in this class: teaching of applied econometrics, group presentations reviewing published and working papers in development economics, and using concepts taught in class to write an original…

Entrepreneurship education has gained considerable interest in the last decade, both in the political and academic arenas, because it fosters innovation and plays a crucial role in developing the business landscape. However, instructors are faced with challenges related to creating successful learning objectives, suitable methodologies, and…

Education has been progressing at a rapid pace ever since educators have been able to harness the power of mobile technology. Open-access learning techniques provide more students with the opportunity to engage in educational opportunities that may have been previously restricted. "Empowering Learners with Mobile Open-Access Learning…

Educating About Social Issues in the 20th and 21st Centuries: A Critical Annotated Bibliography, is comprised of critical essays accompanied by annotated bibliographies on a host of programs, models, strategies and concerns vis-a-vis teaching and learning about social issues facing society. The primary goal of the book is to provide undergraduate…

Front and center in 2001 domestic policy debates is President George W. Bush's proposed tax relief plan. The U.S. federal tax is a progressive tax code, predicated on the assumption that "people who are most able to pay should pay the most." A progressive tax system makes an individual's tax bill increase faster than his/her income. The…

Offers a revision exercise intended to remind students of some economic terminology associated with taxation and welfare. Provides a set of definitions for which students are to supply matching terms. Includes an answer list and suggests related exercises. (SG)

The tremendous growth of international trade over the past several decades has both affected and been affected by of globalization. The volume of world trade since 1950 has increased twenty-folds-from $320 billion to $6.8 trillion, which exceeds expansion in the rate of production by three times. As a result, consumers around the world now enjoy a…

Intended for use with college students in introductory macroeconomics or American economic history courses, these two computer simulations of two basic macroeconomic models--a simple Keynesian-type model and a quantity-theory-of-money model--present largely incompatible explanations of the Great Depression. Written in Basic, the simulations are…

In this humorous dialogue that can be read and acted out as a play in high school economics classes, Karl Marx, a spokesman for communism, and Adam Smith, the father of capitalism, debate (1) whether an economy should produce designer jeans and (2) who should own McDonald's restaurant. (RM)