Designed to help students in grades 9-12 understand economic terms, fundamental economic principles of the free enterprise system, and economic forces that influence activities in everyone's life, this teacher's guide provides over 50 reproducible activity sheets on the following topics: (1) scarcity and planning, (2) cost, (3) demand, (4) supply,…

Neither short-run nor long-run price stability is a necessary state of affairs under a gold standard. This conclusion results from an examination of possible differential rates of productivity growth in the gold and non-gold producing sectors. (Author/RM)

A simulation that helps secondary students to distinguish between nominal and real dollar values is presented. It was designed for use as part of a junior or senior high school US history unit on life at the beginning of the twentieth century. (RM)

This introductory lesson on teaching economics concepts contains sections on the following: purpose; objectives; time; materials needed; and step-by-step classroom procedures. The focus is on the economic problem of scarcity and opportunity costs. Attached is an original skit, "There's no such thing as a free lunch," and a chart that…

This lesson plan offers students the opportunity to participate in the three basic economic systems (market, command, and tradition). By working in each of the systems, students will internalize the fundamental values present in each system and will gain insights into the basic advantages and disadvantages of each system. The lesson plan provides…

This lesson plan features a classroom simulation that helps students understand a command economic system. The lesson plan states a purpose; gives student educational objectives; suggests a time duration for the activity; lists materials needed; and outlines a step-by-step teaching procedure. Instructions for a research and writing homework…

This economics education publication focuses on the U.S. stock market and the risk and uncertainty that an individual faces when investing in the market. The material explains that risk and uncertainty relate to the same underlying concept randomness. It defines and discusses both concepts and notes that although risk is quantifiable, uncertainty…

Bringing mathematics and economics together to connect them in students' minds gives students very important skills they can use in their lives. This book is intended for high school mathematics teachers, with lessons designed to reinforce the mathematics concepts and processes taught by using examples from economics. The book consists of 15…

Discusses the Economics Education 16-19 Project in the United Kingdom. Explains that the purpose of the project is to create a flexible economics education framework for all 16-19 students. Describes project goals as a return to first principles, an attempt to secure necessary institutional changes, and enable economics teachers to access the…

Reexamines the use of the novel, "Murder at the Margin," in college and high school economics instruction. Identifies errors in the book's application of economic principles. Explores the novel's approach to the "prisoner's dilemma" and the making of choices. Concludes that despite problems, the book remains valuable to…

The authors present an experimental design used to teach concepts in the economics of auctions and implications for e-Business procurement. The experiment is easily administered and can be adapted to many different treatments. The chief innovation is that it does not require the use of a lab or class time. Instead, the design can be implemented on…

Business is rightfully concerned about the education of youth, for the schools are educating the workers of tomorrow. How businesses in California are reaching out to schools to provide help for economics education is described. (RM)

Describes how hypothetical data that is pictorially illustrated can be used to explain to secondary and college level students the basic concepts underlying two topics that are central to macro-economic analysis--the simple investment multiplier and credit creation in a multibank system. (RM)

Thirty years ago a cashless society was predicted for the near future; paper currency and checks would be an antiquated symbol of the past. Consumers would embrace a new alternative for making payments: electronic money. But currency is still used for 87% of payments, mainly for "nickel and dime" purchases. And checks are the payment…

This teacher's guide is part of a 2-volume set presenting economic reasoning as it might be taught and practiced in upper-elementary and middle school classrooms. The book explains and illustrates a particular approach to reasoning and shows students how to use this approach to think about problems and to imagine solutions for them. Seventeen…