Identifies four microeconomic concepts students should learn before entering the study of intermediate macroeconomics. Included are relative prices, general versus partial equilibrium, constrained optimization, and the nature of production concepts. Recommends making intermediate microeconomics a prerequisite for intermediate macroeconomics. (MJP)

Describes a senior economics seminar where the professor created his own paper along with the students to demonstrate the expected standards of effort and excellence. The components of the paper were produced in stages. Each component was tied to a specific research or editing process. (MJP)

Reconsiders Uriel Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve. Extends this to include similar utility functions that yield inferiority. Discusses the earlier work of related theorists including Liebhafsky, Vandermeulen, and Wold and Jureen. (MJP)

Reexamines Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve and incorporates Christian Weber's criticism into the model. Disagrees with Weber on some points but agrees that as income decreases the likelihood of the Giffen product decreases. (MJP)

Discusses the role of the teacher when educational technology is used and provides a descriptive and interpretive account of the role of the teacher in a secondary school economics course in England that used a hypermedia program. Considers teachers' profiles, characteristics, and perceptions; and the constraints imposed by sociocultural settings.…

Maintains that economics is a way of thinking and is consistent with efforts in educational reform that emphasize thinking skills. Presents a review of educational objectives linked with suggested instructional materials in economics education. (CFR)

Asserts that teachers and students are ready to go beyond traditional coverage of the interactions of political science and history to applying economic analysis to historical and contemporary social issues. Provides three lesson plans illustrating the use of public choice theory in U.S. history. (CFR)

Maintains that stock market games are designed to provide students with a background for investing in securities, especially stocks. Reviews two games used with secondary students, analyzes statistical data from these experiences, and considers weaknesses in the games. (CFR)

Asserts that the Developmental Economic Education Program (DEEP) is a model for curriculum change. Describes the process and content of the DEEP teacher education and curriculum development program. Presents a case study of a DEEP project involving one Indiana school district. (CFR)

Demonstrates how a simple portfolio problem expressed explicitly as an expected utility maximization problem can be used to instruct students in portfolio theory. Discusses risk aversion, decision making under uncertainty, and the limitations of the traditional mean variance approach. Suggests students may develop a greater appreciation of general…

Reports on a study of the background and training of 178 economics teachers in 114 high schools in western New York State. Contends that teachers with no background have greater difficulty teaching economic topics than teachers trained in economics. (CFR)

Contends that, in recent years, the growth of experimental economics as a field of research has led to increased interest in using games and experiments in the economics classroom. Summarizes 12 reports on using experimental economics in the classroom and concludes that the method encourages student interest and learning. (CFR)

Uses a graphical analysis to determine the importance of quantity for consumer welfare and to examine the manner in which private and social welfare diverge in a monopoly. Criticizes the opinion that technology adoption by a monopoly always assumes a uniformly downward shift in the marginal cost curve. (MJP)

Discusses the large-scale reemergence of homelessness within the last 20 years. Examines the characteristics of the newly and chronic homeless. Considers a number of economic and public-policy factors contributing to this situation. Outlines a classroom presentation using graphs, statistics, and discussion questions to illustrate this information.…

Praises and summarizes James Bernard Murphy's "The Moral Economy of Labor: Aristotelian Themes in Economic Theory." Linking economic theories from Adam Smith to Karl Marx, Murphy criticizes traditional economic and social thinking regarding the division of labor. He proposes an integration of conceptualization and execution to humanize…