The surprise value of many economic observations makes the economics discipline quite interesting for many students. One such anomaly is that providing "free" education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This result is easy to show with indifference curves, but many…

Teaching economics at the preK-12 level has always been one of the most difficult aspects of social studies education notes C. Frederick Risinger, yet, throughout his teaching career economic issues and events were the drivers of most historical, political, and sociological trends and topics and even human slavery was driven and maintained by…

Interdisciplinary approaches do not merely satisfy an abstract longing; in post-educational life--especially in a secular, Western, post-modern culture--young people must confront complex issues that transcend any one discipline. Educational systems accordingly have a duty to offer frameworks for understanding this complexity that go beyond any…

"Development economics" was the study of how to create the plumbing that would allow developing economies to become developed. The financial crisis leads us to question whether industrialized countries have the plumbing problem solved and thus leads us to question whether we need a development economics that is separate from macroeconomics.…

James Duesenberry's (1949) relative income hypothesis holds substantial empirical credibility, as well as a rich set of implications. Although present in the pages of leading economics journals, the hypothesis has become all but foreign to the blackboards of economics classrooms. To help reintegrate the concept into the undergraduate economics…

The authors develop a new classroom experimental game to illustrate environmental issues by using the production-possibility frontier in an introductory economics course. Waste evolves as a byproduct of the production of widgets. Environmental cleanup is produced by reallocating scarce resources away from the production of the dirty good. In…

Social studies teachers of all grade levels are responsible for (a) connecting students with standards-based content, (b) engaging students in their own learning, (c) expanding students' levels of understanding by co-constructing new knowledge, (d) motivating students to express and exchange ideas with one another, and (e) incorporating social…

Advanced Placement economics leaves thousands of high school students with a misleading impression of modern economics. The courses fail to cover key sources of growth and prosperity, including private ownership, dynamic competition, and entrepreneurship. The tools of public choice economics are totally ignored. Government is modeled as a…

Using 1994-95 and 2002-3 data, the author (1998, 2006) has found that economics majors scored well on the LSAT[R]. These results are frequently posted on university Web sites by economics (and other) departments. The author, who updates the previous studies by using current 2007-8 law school applicants for the 2008-9 class of students entering law…

Market structure is an essential topic in economics and finance courses, including bank management as well as many other business school courses, for example marketing, human resources and strategic management. Instructors explain the virtues of perfect competition and the evils of monopoly along with alternative market models. Often conversations…

The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2009-2010. After three years of treading water (2005, 2006, and 2007), in 2008 (academic year 2007-2008) undergraduate degrees in economics awarded by U.S. colleges and universities resumed the strong upward trajectory they exhibited from 1997 through 2004, when…

We describe the roles and duties of a director in developing an introductory actuarial program. Degree plan design, specialized exam courses, internship classes, coordination of efforts with Economics and Finance Departments, opportunities for creating a minor in actuarial mathematics, actuarial clubs, career advice, and interaction with actuarial…

Recent events should force everyone who teaches macroeconomics (or finance, for that matter) to reconsider their curriculums. In this short article, the author shares his thoughts about what should and should not be changed in the way economists teach macro principles to beginning students. Two tradeoffs are paramount and must be faced by every…

The primary objective of this article is to see if and how attendance policy influences class attendance in undergraduate-level principles of macroeconomics classes. The second objective, which is related to the first, is to examine whether the nature of the attendance policy matters in terms of its impact on class attendance behavior. The results…

The rise of China, as well as any of the emerging economies, has much to offer students and teachers of social studies--especially in the fields of history and economics. Traditionally, history education in the United States has emphasized Western civilization and provided instruction for educators with that end in mind. In an era of increased…