Presents several time-effective classroom games that can be used to help students discover the consequences of two important concepts in public finance: the free rider problem and the voting paradox. Maintains that these games encourage student involvement and stimulate class discussion. (DB)

Describes some of the relatively unknown aspects of the concept of public goods and shows how they might be brought into undergraduate textbooks in microeconomic principles, public finance, and welfare economics. Illustrates how these aspects of public goods can be brought into undergraduate instruction. (DB)

July 2001 to June 2003 may have been dismal for the Dow Jones Industrial Average (down 14 percent), but it was a bull market for economics majors (up 23 percent). The greatest increase in undergraduate economics degrees over the two-year period was at state universities (up 32 percent), in particular large flagship state universities with…

Argues that inefficiency resulting from government regulation is the natural result of a process that does not have efficiency as its primary goal. Presents three examples of government regulation as supporting evidence. Concludes that efficiency is more likely to come from elected policymakers than from bureaucrats working in regulatory agencies.…

Asserts that economics students are usually given two descriptions of the money market with the implication that they are consistent with each other. Reviews recent research and presents an asset-substitution model that reconciles the two descriptions of the money market with observed behavior. (CFR)

Presents an bibliographic essay of recent empirical research in industrial organization. Examines topics such as the econometrics of markets with imperfect competition, technology and industry structure, industry evolution, and industry studies of regulation. (CFR)

Examines the concept of "free riders," those who enjoy the benefits of a public good without contributing to the costs of providing it. Reviews classroom experiments on the free rider topic and describes a free rider experiment using an undergraduate class of 73 students. (CFR)

Reports on the adaptation and replication of Jane Leuthold's experiment concerning consumer choice, investments, and free riding indexes. A similar experiment, conducted in a Ukrainian classroom, produced similar results with a few notable exceptions. The exceptions reflected the Ukrainians' lack of familiarity with western economic thought. (MJP)

Reports on the replication of Jane Leuthold's experiment concerning consumer choice, investments, and free riding indexes. This experiment, conducted in an Israeli undergraduate economics class, broadened the subjects' characteristics questionnaire to include issues of social consciousness and altruism. Includes four tables of statistical data.…