Provides an economic analysis of tradable pollution permits by clarifying the derivation of permit supply and demand relationships and connecting those concepts to permit trading for two polluters. Develops relationships for both polluters and allows creation of market schedules for permit supply and demand. Discusses the satisfaction of the…

States that the IS-LM model is the primary model of economic fluctuations taught in undergraduate macroeconomics. Argues that the aggregate demand-price adjustment (AD-PA) model is superior for teaching about economic fluctuations. Compares the IS-LS model with the AD-AP model using two current issues in macroeconomics. (JEH)

Describes a modified version of the Paper River exercise that appeared in the spring 1999 journal issue. Illustrates the application of the Coase theorem for solving an externality problem. Indicates students share a single productive resource and work in groups rather than pairs as they did in the earlier version. (JEH)

States many central banks have adopted policies known as inflation targeting. Declares that students need experience with the implications of these policies. Provides a simple graphical device involving the output gap and the inflation rate to overcome these problems that can be used to teach intermediate macroeconomics students about inflation…

This packet of lessons focuses on the complementary relationship between economic well-being and the natural resources of the environment. Students gain insight into a variety of environmental issues and learn to use economic analysis to understand these issues and seek solutions. The book contains 20 lessons divided into seven units. The units…

The role of home economics education in serving mainstreamed handicapped children is examined. In the first section, implications of mainstreaming for home economics teachers are addressed in terms of helping students develop independence. Suggestions for teaching mainstreamed students are briefly discussed. A second section deals with attitudes…

This four-part paper is designed to serve as a conceptual framework for use as a scheme in the selection and organization of content for the Wisocnsin home economics curriculum. In the introductory section the task to be accomplished is set forth and a framework established for the development of the paper. In section 2, attention is given to the…

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)

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 Federal Reserve was created in 1913 in response to recurring banking panics in the United States. Its mission has since expanded into fostering a healthy economy. The Federal Reserve consists of three parts: (1) the Board of Governors; (2) Reserve Banks; and (3) the Federal Open Market Committee (FOMC). The Board of Governors is the federal…

Describes a pit-market experiment using the work of Charles A. Holt to illustrate to students the real world relevance of the competitive equilibrium concept. Explains how to set up and conduct a pit-market experiment, discusses features of the data, and provides accompanying materials. (JEH)

Employs a classroom version of the research game, the Ultimatum Game, to teach undergraduate students how fairness affects behavior. Focuses on three concepts related to fairness. Finds that classroom results motivate discussion about a downward sloping demand curve for fairness. Provides an appendix that includes instructional materials. (JEH)

Describes two applications in which the chain-weight index is explored using spreadsheet software. Explains that the first application introduces the concept by comparing it to Laspeyres, Paasche, and ideal indexes. States that the second application is a step-by-step process to calculate chain-weight index statistics. (JEH)

Suggests a method to teach John Keynes's principle of effective demand using a standard aggregate labor market diagram familiar to students taking advanced undergraduate macroeconomics courses. States the analysis incorporates Michal Kalecki's version to show Keynesian unemployment as a point on the aggregate labor demand curve inside the…