Describes a college level economics course in which economic history, statistics, and theory were intertwined. The course involved lecture, hand-outs, debates, filmstrips, student reports, team reports on economic development, biographical sketches of entrepreneurs, and discussion of causes of the Great Depression. (DB)

Reviews discussion of the relationship between marginal utility and indifference curves which has been presented in recent issues of "Economics." Concludes that indifference analysis does not embody the assumptions of marginal utility theory and that there is no simple relationship between these concepts that does not entail unacceptable…

Discusses the meaning and purpose of data-response questions in teaching economics on the secondary school level. Makes the case for using data-response material in the classroom and presents guidelines for using the material in ways which are meaningful to students. (Author/DB)

States that many economics textbooks define economic rent in 1 of the 2 ways discussed 30 years ago by E. J. Mishan. Contends that the 2 definitions are not substantially different, rendering the dichotomy invalid. Examines 15 microeconomics textbooks to determine whether they validate Mishan's categories of rent definitions. (DB)

Argues that the aggregate good is a powerful pedagogical device in economics. Uses a simple graphical analysis that demonstrates to the student the concept of an aggregate good, that preferences can indeed be collapsed from many goods to two. (DB)

This series of 20 self-contained lessons in the study of economics, features activities that can be used with any high school economics instruction. The lessons included are: (1) Opportunity Costs; (2) Factors of Production; (3) Economic Systems; (4) Self Interest; (5) Class Struggle; (6) Economic Institutions; (7) Supply and Demand; (8) Markets…

Suggests that intermediate microeconomic theory instruction should emphasize individual elements of the topic as part of a general equilibrium model. Summarizes a model that can be used to highlight the unifying thread running through the subject. Discusses the submodels of the market, the consumer, the firm, and the economy as a whole. (SG)

If business educators are to develop the economic literacy of students, they must address such dimensions of the changing worldwide economic order as the European Community. (JOW)

The authors use Microsoft Excel to derive compensated and uncompensated demand curves. They use a constant elasticity of substitution (CES) utility function to show how changes in a good's price or income affect the quantities demanded of that good and of the other composite good, using Excel's Solver. They provide three contributions. First, they…

This report indicates that a proper accounting for the size of the arts industry should be adjusted to incorporate "unmeasured" industry "revenues" stemming from contributions of time and commodities as well as the willingness of the public to pay more in taxes to support the arts. The contributions of the arts industry will be…

Examines the role of the stability of consumer tastes in descriptive theory. Summarizes the traditional approach to the derivation of the consumer's preference structure, considers ways in which the conventional theory has been extended, presents the Stigler-Becker theory of consumer choice, and evaluates both approaches. (GEA)

Reviews four broad clusters of concepts which are of fundamental importance for consumer economic understanding in the secondary school and gives suggestions that can be used to build a consumer economics program in the secondary school. (LRA)

Explains why risk aversion does not always induce a greater information value, but instead may induce a lower information value when increased. Presents a basic model defining the concept of perfect information value and providing a numerical illustration. Includes references. (CMK)

Reviews recent research into the theory of the kinked demand curve in economics. Applies this theory to economic concepts such as marginal cost and price flexibility. Discusses the implications for corporations and government policymakers. (CFR)

Discusses the conventional theory of free riding as discussed in economic textbooks. Argues the theory is empirically invalid, and reviews various scholarly viewpoints on this issue. Suggests alternatives to teaching current economic theory and argues that the concept of self-interest neglects the ethical issues in behavior. (NL)