The introduction of the concept of network effects is useful at the principles level to facilitate discussions of the determinants of monopoly, the need for standards in high-tech industries, and the general complexity of real-world competition. The author describes a demonstration and an extension that help students understand how consumers make…

The authors describe key aspects of precollege and undergraduate economic education in Korea. They show that precollege students seem to have low economics literacy due to problems with the curriculum and insufficient training of teachers. At the undergraduate level, they show that economics departments have more male students than female students…

The authors describe an in-class exercise in which students participate in an auction to buy US Airways. The exercise is based on events of late 1995, in which neither United nor American Airlines decided to bid for US Airways. Two teams of students participate in an English auction. Students learn that the equilibrium of the sequential game is…

The Solow model is widely regarded as the workhorse model of the theory of economic growth. Although at one point this model was first encountered in graduate school, it has since filtered down to the intermediate and, occasionally, to the principles of macroeconomics course. Many have commented on how difficult it is to teach the Solow model to…

Trade, the Internet, and product innovation have greatly enlarged the number of goods (N) in the consumer's choice set. The welfare effect of the growth in N has been extensively discussed in the specialized literature, but very little has filtered down to our textbook models of a competitive equilibrium. These focus on the Pareto-optimal…

One of the most important challenges facing college instructors of economics is helping students engage. Engagement is particularly important in a large-enrollment Principles of Economics course, where it can help students achieve a long-lived understanding of how economists use basic economic ideas to look at the world. The author reports how…

College instructors and students participated in a pilot project at the University of Akron to enhance student learning through the use of a common teaching pedagogy, peer instruction. The teaching pedagogy was supported by the use of technology, an electronic personal response system, which recorded student responses. The authors report their…

The author reports on various aspects of teaching economics in an interdisciplinary, team-taught course, including reflections on a unique experiment in teaching economics to nonmajors. By the incorporation of selected topics of gender economics into the interdisciplinary course about the changing economic statuses of women throughout history, the…

In his article, Steven Klees claims that certain economic policies have been a failure in general and specifically in education. He has it backwards. His characterisation of the economics profession has not been true since the 1960s. Nobel Prizes to Simon, Akerlof, Spence and Stiglitz illustrate a flowering of ideas in fields of behaviourial and…

There is so much more to preparing a citizen than merely running students like lemmings through a three-year succession of history survey courses. Everyone is neglecting most of the social sciences in American high schools today, favoring the sequential and systematic delivery of history. What should be primary in the teaching of social studies,…

"Education Matters" is the monthly newsletter of the Association of American Educators (AAE), an organization dedicated to advancing the American teaching profession through personal growth, professional development, teacher advocacy and protection. This issue of the newsletter includes: (1) Teacher Assessment (Mary Sanchez); (2) Our Economics…

An in-class game can be used to improve students' understanding of how a tradable discharge permit (TDP) program might work. There are, however, trade-offs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from the experience. The…

The author offers a simple intuition that can be exploited to derive and to help interpret some canonical results in the theory of optimal commodity taxation. He develops and explores the principle that the marginal social welfare loss per last unit of tax revenue generated be equalized across tax instruments. A simple two-consumer,…

Visualization through the use of physical objects is an important method that instructors can use to convey and solidify an understanding of economic principles in their novice students of economics. This paper outlines three simple examples which have been successful in the classroom, each taking a question that students frequently ask--why we…

This article describes the process of planning and implementing a problem-based learning community. Business and communication students from a large university in the Western United States competed in teams to solve an authentic business problem posed by a Fortune 500 company. The company's willingness to adopt some of their recommendations…