The author of this article describes the content of her course titled "Economics of Artificial Intelligence and Innovation." The course is offered by the Department of Economics of Yale University at a senior undergraduate level. The author also teaches this course at the MBA program of the Yale School of Management in another format.…

The second edition of the "Voluntary National Content Standards in Economics" was published by the Council for Economic Education in 2010. The authors examine the process for revising these precollege content standards and highlight several changes that appear in the new document. They also review the impact the standards have had on precollege…

The authors describe an interdisciplinary course team-taught by an economist and a sociologist. Historically mindful of the less than amicable relationship between these disciplines, these colleagues developed a course that attempted to illuminate the different perspectives of economics and sociology in relation to selected health themes. Such a…

Discusses the role of the textbook in the principles of economics course. Recognizing that textbooks are only one source of input for students, and that they substitute for lectures to a limited extent, Boskin recommends that texts should stress the basics and serve as a reference source to support classroom instruction. (GEA)

Commenting on Boskin's article "Observations on the Use of Textbooks in the Teaching of Principles of Economics," Case discusses the debate surrounding the sequence of principles courses and the content deemed necessary for corresponding textbooks. Case agrees with Boskin that key concepts should have more emphasis and concludes that…

Examines the suitability of the traditional arc elasticity measure as a component of the economics curriculum. Demonstrates that the midpoint measure is subject to shortcomings as it invariably approaches one when price changes become large. Discusses point elasticity of demand as an alternative to the midpoint measure in the principles course.…

Suggests a method to teach John Keynes's principle of effective demand using a standard aggregate labor market diagram familiar to students taking advanced undergraduate macroeconomics courses. States the analysis incorporates Michal Kalecki's version to show Keynesian unemployment as a point on the aggregate labor demand curve inside the…

Focuses on the effect of interest rates on the increased use of credit cards, a popular method of financing households. Uses three models to demonstrate that interest rates must rise, resulting in increased consumption expenditures. (CMK)

Discusses a strategy for teaching students about how the Social Security Trust Fund works. Explains that a flow chart is presented to the students; four terms are defined (deficit, surplus, debt, and reserve); and a new graph is prepared to show the paths of these four variables. (CMK)

Discusses four reasons why economic forecasting courses are important: (1) forecasting skills are in demand by businesses; (2) forecasters are in demand; (3) forecasting courses have positive externalities; (4) and forecasting provides a real-world context. Describes what should be taught in an economic forecasting course. (CMK)

Presents a Web site that utilizes the Learning-by-Objective (LBO) model that integrates Internet tools for knowledge transmission, communication, and assessment of learning. Explains that the LBO model has been used in creating micro and macroeconomic course Web sites with WebCT software. (CMK)

Describes a two-stage experiment where students play the role of farmers who must select one of four markets (corn, wheat, rice, or soybeans). Demonstrates the process leading to equilibrium in a multimarket setting. Includes an appendix with the farmer profit chart and homework exercises. (CMK)

Outlines principles that guide a successful undergraduate economics honors program: simplicity, accessibility, skill development, risk minimization, and incentives to combat procrastination. Describes a model which specifies three of the usual six electives and requires a senior thesis that makes an original contribution to economics…

Describes a classroom game that demonstrates to students that equilibria can occur naturally in order to encourage students to take unreasonable equilibria more seriously. Discusses the game, how to organize it in the classroom for a game theory course, and the results. (CMK)

Focuses on the IS-LM model providing a graphical analysis designed to clarify the confusion induced by misleading statements in several major macroeconomics textbooks concerning the connection between policy effectiveness and the slopes of the IS and LM curves. Includes references. (CMK)