Dominion of the scarcity principle as the basis for economic analysis is virtually absolute in teaching the introductory course in economics. This supremacy is neither valid nor desirable. Two compelling alternative foundational concepts for economics are "uncertainty" and "inequality." These alternatives lead to vastly…

Purpose: The study investigated how economic models are presented in textbooks for upper secondary school in Germany, and which forms of engagement are initiated by tasks related to the models. Design/methodology/approach: The available textbooks for teaching economics in upper secondary school in Germany (n=47) were examined using a deductive…

This paper analyses whether using analogies to integrate knowledge from other scientific areas increases the level of accounting knowledge. We defined two sets of analogies, one between the physical states of water and the economic and cash flows, and another between the concepts of stock, flow and feedback that were taken from the System Dynamics…

Textbook models of externalities tacitly assume that those externalities fall upon individuals "outside" of the market. In many contexts--including common undergraduate examples--externalities fall "inside" the market instead. Positive externalities associated with vaccination, for instance, accrue to other individuals who…

Environmental justice is an important topic that can be better understood by using the tools of economics. The author of this article describes a data integration exercise that connects data available through government portals: the Environmental Protection Agency's "Superfund Sites Where You Live" interactive map, data on Net Present…

The Federal Reserve (the Fed) is the central bank of the United States. It has a congressional mandate to promote maximum sustainable employment and price stability. In normal times, the Fed seeks to achieve this mandate by setting the position or "stance" of monetary policy, primarily by managing the level of short-term interest rates.…

Purpose: There is a growing trend in higher education institutions to develop multi-disciplinary approaches to education for sustainable development and to implement student-centered and problem-based methodologies to increase student engagement and satisfaction. This paper aims to present an innovative methodology to increase student awareness…

While much work has been done to explicitly incorporate ethics and Catholic social thought into the business curriculum, comparatively little has been done in the field of economics. This paper attempts to fill that gap by arguing that integrating Heinrich Pesch's Solidarism into the standard economics curriculum seamlessly introduces Catholic…

This article explores changes of environmental values and beliefs among secondary school business and economics students regarding government and market solutions to climate change. The quantitative study is longitudinal and a survey was administrated to students at two occasions including 212 participants in the first measurement. Results show a…

In this article we analyze knowledge about economics conveyed via primary school textbooks published during the late Franco dictatorship and the years of transition to democracy in Spain. Starting from the premise that the process of political socialization and identity construction is based partly on economic factors, we examine the evolution of…

This research study particularizes the general descriptions of the European Qualifications Framework for Lifelong Learning, as compiled and developed within the Romanian qualification framework, to the business and economics field in general and to the property economic analysis and valuation field in particular. By means of an empirical analysis,…

Introducing students to continental currency may well encourage their interest in the economic context of the Constitution and their understanding of a wide range of economic concepts. This brief article describes a lesson to familiarize students with continental currency and its relationship to Article I, Section 8, of the Constitution and the…

Politics and economics interact. As a consequence, political science textbooks must often relate to the economic dimension--implicitly or explicitly. But we know very little about how these textbooks relate to economics. Are they merely unreflective customers of neoclassical economics or do they strive for a cross-disciplinary approach? An…

This article presents an overview of major factors contributing to the Great Recession of 2007-2009. Descriptions of teaching resources and ideas for lesson plans are provided.

Economics is a central part of civic education. Students need to know about the Constitution and the party system, but active citizenship in the twenty-first century requires much more than the standard civics courses offer. Economic issues dominate public policy debates ranging from Social Security to immigration to international security. If…