One of the most important, yet difficult concepts to teach in an undergraduate course in intermediate microeconomics is the all-embracing concept of elasticity of demand. This paper details a four part teaching approach developed to make this most important aspect of microeconomic theory more understandable. Part 1 develops the approach for…

Materials used to teach economics to junior high school students must be concrete, people-oriented, and activity-oriented; the curricula must cause students to manipulate information and link new knowledge to old. A textbook--"Our Economy: How It Works"-- that fits these criteria is described and two sample economics lessons are provided. (RM)

Describes features of a macroeconomics model that runs on a microcomputer and its solution, sometimes called a simulation. Specific uses of the model in the teaching of introductory and intermediate/advanced levels of macroeconomics are discussed, as well as use by economic planners in running alternative forecasts. (MBR)

Discussion is generated on the rationale for the National Health Service in Great Britain and the broad issues of social welfare and income inequality. (Author/RM)

Suggests that instructors teach the U.S. Catholic bishops' pastoral on economics by confronting today's moral confusion directly to promote values clarification. Reviews the historical causes of today's value conflicts, discusses the bishops' suggestions for resolving them, and offers assignments to help students clarify their own values. (DMM)

This lesson plan gives students a hands-on understanding of a price index, how it is composed, what it is used for, and some of its limitations. Students then can make the connection to some of the popular price indices such as the Consumer Price Index and the Producer Price Index. The lesson states a purpose; cites learning objectives; suggests…

This lesson plan features a classroom simulation that helps students understand the characteristics of a market economic system. The lesson plan states a purpose; cites student objectives; suggests a time duration; lists materials needed; and details a step-by-step teaching procedure. The "Paper Airplane Challenge" handout is attached. (BT)

This teacher resource manual and student activities economics education unit provides students with the opportunity to use economic content and related skills as they learn about the U.S. economic system and its relationship to the world economy. The lessons link to economic content and other subject areas traditionally taught in grades 5, 6, and…

This book highlights and examines basic economic concepts as they relate to consumer, business, social, and personal choices. Students are shown connections between their classroom learning and their real-world experiences in budgeting, career planning, credit management, and housing. The set of 15 lessons include: (1) "Decision Making: Scarcity,…

This book provides a tool for educators, specifying what K-12 grade students should learn about basic economics as they go through school. The standards are written for teachers and classroom use, offering benchmarks, guides, teaching suggestions, and teaching strategies. The essential principles of economics are identified in the 20 content…

The United States is a multi-trillion dollar economy that annually allocates a staggering amount of resources to produce a variety of goods and services for domestic and world consumption, and provides employment and income for millions of individuals. This lesson plan for social studies and economics teachers traces a series of interconnected…

This series of lesson plans and activities deals with the economic demise of the now-defunct Soviet Union. Each of the five lessons and six activities addresses identified standards and benchmarks from the Voluntary National Content Standards in Economics. The lesson plans also address the National History Content Standards, in terms of both the…

Points out that, although the analysis of the imposition of an excise tax is widely used in economics courses, the consequences of a change in the tax rate are different and ignored. This article presents an effective way to teach about such a change. (GG)

Suggests that students create "mind maps" and wall charts to help them make and review economic connections. Recommends starting with a picture or question in the center, printing, using color, redrafting, and keeping the chart simple. Includes samples of charts produced by students. (DK)

Presents a review exercise requiring students to sort diagrams and descriptions of price elasticity of demand. Reports that students are given jumbled diagrams and explanations that they must arrange in proper form. Reveals that some items are designed as distractors. (SG)