The 2009 Nevada Legislature approved Senate Bill 317 (SB 317) requiring that Nevada's public high schools, including charter schools, provide instruction in financial literacy. In an effort to assist school districts with implementation of instruction in financial literacy, the Nevada Department of Education assembled a task force (Financial…

Contains an annotated list of states which are required to teach economics education. The title, length, grade levels, and very brief descriptions of or remarks about the courses mandated for each state are included. (AM)

The economics content of the General Certificate of Secondary Education (GCSE) examination, which replaces the current level "O" exams in 1988, is described in five versions being proposed by different regions of the United Kingdom. The make-up of the items, a full listing of assessment objectives, brief syllabi, and addresses of the…

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…

Described is a computer simulation designed to introduce students to some of the intricate relationships between the many factors involved in international economics. (MP)

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…

Describes bargaining examples that use expected utility theory. Provides example results that are intuitive, shown graphically and algebraically, and offer upper-level student samples that illustrate the usefulness of the expected utility theory. (JEH)

Illustrates how principles and intermediate microeconomic students can gain an understanding for strategic price setting by playing a relatively large oligopoly game. Explains that the game extends to a continuous price space and outlines appropriate applications. Offers the Mathematica code to instructors so that the assumptions of the game can…

Outlines the key elements of Arrow's Impossibility Theorem. Presents another graphical proof of the theorem designed to be more accessible to students and teachers. States the strength of this approach is that the patterns of agreements and conflicts over all possible combinations are transparent and key to intuitively understanding Arrow's…

Illustrates how fair price policies can be explained to undergraduate students by applying simple graphical methods normally used in general equilibrium trade theory. Indicates that fair price strategies can be looked upon as a suboptimal device for redistributing the gains from trade as compared with a transfer of funds. (JEH)

Describes an interdisciplinary approach to teaching economics using motion pictures to establish the context for elementary economics concepts. Uses the plots and subplots to illustrate problems and issues amenable to economic analysis. Suggests how the films can be sequenced to create a general studies course for non majors. (JEH)

Maintains that social studies students need to realize the relationship of the European Economic Community to the United States in order to understand the trade bonds that exist between us. Briefly reviews the history of the Community, outlines its Common Agricultural Policy, and provides situations for classroom role playing. (JDH)

Reports on the International Research Seminar held at the University of London Institute of Education in July 1985. Topics include how economics instruction impacts students' attitudes and values, notions of economic literacy, curriculum reform, and teacher training. (JDH)

In 1981, the United States reached a dubious economic milestone--the federal debt surpassed one trillion dollars for the first time. It took more than 200 years to build up that much debt. The federal debt doubled to two trillion by 1986, hit the three trillion level in 1990, and stands at an estimated five-and-a-half trillion for 1998. Just as…

This economic education publication features an article, "Does Consumer Confidence Measure Up to the Hype?," which defines consumer confidence and describes how it is measured. The article also explores why people might pay so much attention to consumer confidence indexes. The document also contains a question and answer section about deflation as…