Recommends that economics instruction begin a synthesizing process early by connecting discussion of the production possibilities curve and the supply curve. Suggests that linking the two is logical for conveying integrated economic thinking to beginning students. Argues that such a link makes it easier to discuss the competitive norm. (DK)

This paper reports preliminary research into the nature of relative expertise in economic problem solving. Specifically, this report seeks to address the question of whether the presence of economic knowledge alone accounts for expertise in economic problem solving or whether both economic knowledge and the development and employment of economic…

This paper reports preliminary research into the nature of relative expertise in economic problem solving. The first section briefly describes why such research is needed in the context of research on expert and novice problem solving. It also presents the problem explored in this study in the context of the existing research. Subsequent sections…

The author explains how social studies teachers can make sense out of economics for their students by viewing the American economy systematically, conceptually, and interdisciplinarily. Emphasis is placed on the interrelationship of inflation, deflation, and unemployment. Simple diagrams are provided. (DE)

This booklet presents a research-based rationale for teaching economics at the middle/junior high school level in the United States. Chapter 1, "Introduction," describes the project in which the rationale was developed and outlines the remainder of the document. Chapter 2, "Elements of a Rationale for Middle School Economic Education," presents…

The effects of university education in economics on students' conceptions of economic aspects of their everyday life were studied. A random sample of 15 beginninq students at the University of Goteborg, Sweden, were interviewed before and after the course. Ten questions were asked that were taken from the students' everyday life and brought out…

The booklet, intended for adult or continuing education, discusses the American economic system, emphasizing definitions of economic concepts and the individual's role as part of the system. The objective is to provide a simple description of the American economic system and to promote better understanding of it. The booklet is presented in six…

This Quinmester pamphlet presents an overview of the business world and the American free enterprise system, delving into the concept of profit, satisfaction of wants and needs through production and distribution of goods and services, and primary forms of business organization, the effects of business activity on economic growth, and the use of…

Discusses a study to compare results of one- and two-semester college economics courses in three areas--recognition and understanding of economic concepts, simple application, and complex application. Findings indicated that, although students did learn more in two semesters, one could question whether the marginal cost exceeded the marginal…

An economic case study is presented of the balance of payments in Italy, Canada, and West Germany during the 1940s through 1960s. The study examines the circular flow of income, price level fluctuations, supply and demand theory, and basic considerations of financial markets. For journal availability, see SO 505 703. (Author/AV)

A candid examination of Problems of the Seventies," Students of the Seventies," and Approaches of Professional Economists" provides the background for the authors' selection of criteria for a one-semester, twelth grade economics course. (Author)

The aims of law-and-economics, the study of the interactions of law, economic activity, and human behavior, are not the dominantly important aims of legal scholarship today and are of limited value when compared with other legal scholarship needs. (MSE)

Reviews aspects of the Bureau of Economic Analysis's 10th comprehensive revision reported in issues of the "Survey of Current Business." Focuses on the new method identified in the revision that provides an accurate characterization of changes in economic activity not affected by different relative prices in a new base year. (CMK)

Contends that, although most economics students are acquainted with the graphical analysis of the income and substitution effects of a price change, they often fail to appreciate that the same graphs provide information on the income elasticities of the two goods. Illustrates the proof of this concept using mathematical formulae and five graphic…

Maintains that, although U.S. currency today is pure fiat money and not backed by gold or any other precious metal, students frequently ask, "But what about the gold at Fort Knox?" Describes what is really located at Fort Knox, why it is there, its implications for public policy. (CFR)