Explains the rise and fall of the oil cartel by applying an elasticity of demand analysis. Beginning from the demand side of the market, offers a simple derivation of the elasticity of demand for the cartel's product. Maintains that method helps undergraduates comprehend basic properties, requiring only an understanding of the elasticities of…

There is a difference between the private and social cost of preserving the past. Although it may be privately rational to forget the past, the social cost is significant: We fail to see that classical political economy is analytically egalitarian. The past is a rich source of surprises and debates, and resources on the Web are uniquely suited to…

The author states that learning theory is useful for economic educators because it enables them to develop instructional theory for economic education. The paper is arranged into five parts. Part 1 focuses on the historical learning theory perspective of economics education. Part 2 defines instructional theory, states its relationship to learning…

The journal articles reprinted in this publication were selected to aid scholars interested in doing research on the teaching of college economics or in learning about the results of such research. The preface points out that the readings are not intended to provide advice on how to teach economics better. With the exception of one, all of the…

Reviews research on the educational aspects of British television programs, especially those dealing with economic knowledge and financial advice. Concludes that there is a public demand for better economic understanding and that television can be used as a significant component in an economic education campaign. (GEA)

Provides an historical, quantitative, and analytical description of the origins, nature, and broader implications of agriculture's recent economic problems. Discusses current research on the connections between agriculture and the national economy. Includes tables showing agricultural statistics from 1985. (Author/DH)

This article discusses what schools and colleges currently teach about capitalism and suggests that curricula include a broader base of information about other economic systems and the liabilities of capitalism. Topics are proposed for inclusion in the curriculum, and an outline for a high school course in comparative economics is presented. (PP)

Reviews research which compares the effectiveness of programed instruction (PI) in economics to lecture-discussion techniques. Studies demonstrate that students using PI perform as well on examinations as students using the traditional method. There is also some evidence that students using PI retain their learning better. (AM)

Discusses relationships among teaching, research output, financing, and academic achievement at large universities. Findings and recommendations for improvement in teaching and research are discussed. (Author/DB)

Reviews the nature and extent of bias in economics education at the college level. Suggests that bias is inappropriate in economics courses and that educators must seek to detect and avoid all types of bias, particularly political bias which is the most common subject of concern in economics education. (DB)

The United States faces an economic-influenced educational crisis. According to the U.S. Department of Commence, Census Bureau data (2002) the difference in household earnings between the upper and lower quintiles has worsened over the last forty years. Future generations possess suspect knowledge to properly manage this income, as youth possess…

In the last 10 years, an approach to electronic distance education called audiographic computerized telelearning using standard telephone lines has come to the fore. Telelearning is a cost-effective system which optimizes existing computer facilities and creates a teaching-learning environment that is interactive, efficient, and adaptable to a…

Advocates the supplemental use of trade books with textbooks in introductory economics courses. States that students will learn how economists approach economic issues in the real world, building upon the organized textbook presentation of material. Acknowledging that textbooks are essential to instruction, Hansen lists several appropriate works…

Reviews widely-used introductory economics textbooks, examining how issues relating to race and gender are treated. Suggests how stereotypical roles could be avoided in the future. Includes a table summarizing data from 21 textbooks. (Author/DH)

An explanation of the statistical problems encountered in economics education research with using ordinary least squares (OLS) rather than two-stage least squares (TSLS) in the context of simultaneous structural equations is provided. When endogeneous variables are simultaneously related in a system of equations, alternative statistical estimation…