This document provides a guide for the development of the 2006 National Assessment of Educational Progress (NAEP) Economics Assessment. The framework is designed to assess the outcomes of student education in and understanding of economics in grade 12 as part of NAEP. Economic literacy is defined as the ability to identify, analyze, and evaluate…

Maintains that it is generally assumed that rent control redistributes wealth from landlords to consumers of housing. Presents data and graphs to illustrate how rent control can benefit landlords and increase housing availability. Asserts that this exercise is effective for students studying microeconomic theory. (CFR)

Explores the changes in the U.S. economy explaining that it became an engine of growth for the entire world economy. Describes the transformation in economic thought during the 20th century and relates these changes to issues of interest to social studies educators. Concludes with a discussion on 21st century thought. (CMK)

Presents a model of the economic theory of regulation and recommends its use in undergraduate economics classes. Describes the use of computer-assisted instruction to teach the theory. Maintains that the approach enables students to gain access to graphs and tables that they produce themselves. (CFR)

Correlated to the Economics and Entrepreneurship Teaching Strategies Master Curriculum Guide, this book features 66 student activities, case studies, comprehension quizzes, and lessons related to economic concepts. Designed for high school students of economics, social studies, and business education, this curriculum guide combines study of basic…

Maintains that most economics textbooks continue to repeat past mistakes concerning returns to scale and economies of scale under assumptions of constant and nonconstant input prices. Provides an adaptation for a calculus-based intermediate microeconomics class that demonstrates the pointwise relationship between returns to scale and economies of…

The consequences in terms of misclassifications of students that would occur by replacing the constructed-response portion of the Advanced Placement (AP) examinations in economics with more multiple-choice items were studied. The 1991 AP examinations in micro- and macroeconomics were used. Computer simulation found that a small but statistically…

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)

This resource book is intended for a one-semester model course for high school economics for eleventh- and twelfth-grade students. The seven units in the book are linked to content ordinarily found in microeconomic and macroeconomic courses. Each unit contains 5 to 11 lessons, an author's note to the teacher, an author's letter to the students,…

This student activities book is intended for a model one-semester course for high school economics for eleventh- and twelfth-grade students. The seven units in the book are linked to content ordinarily found in microeconomic and macroeconomic courses. Each unit contains 5 to 11 lessons, an author's note to the students and classroom instructional…

Criticizes the standard presentation, in introductory economics, of the burden of a tax as an application of elasticity. Argues that using the slopes of a supply and demand curve is the simplest and easiest way to clarify tax incidence. Includes three graphs illustrating this approach. (MJP)

Maintains that a proper understanding of the Augustin Cournot model of imperfect competition and strategic interactions among firms in various contexts is essential for economics education. Although most models rely on complicated algebra, this one requires nothing more than high school level geometry. Includes a graphical analysis. (MJP)

Examines the microeconomics of Mexican American households in Tucson (Arizona) and Los Angeles (California), exploring factors affecting household organization and the dynamics of Mexican American households as part of a larger cluster. Case studies of four households support the discussion. Causes of conflict and family interests and objectives…

Presents a relatively simple costs/benefits analysis problem perfectly suited for an introductory economics course. Reveals that neither the health insurer (which bears only the hospitalization costs of acute care) nor the patient (who incurs lost earnings and psychological costs) has an adequate incentive to pay for preventive care. (MJP)