The contribution of John Maynard Keynes (1883-1946) to current economic thought is reviewed. Keynes' analysis is contrasted with more orthodox theory in terms of allocation efficiency and stabilization efficiency. (Author/RM)

Outlines the differences between the traditional and modern theoretical models of demand for money. States that the two models are often used interchangeably in textbooks, causing ambiguity. Argues against the use of linear specifications that imply that income velocity can increase without limit and that autonomous components of aggregate demand…

Neither short-run nor long-run price stability is a necessary state of affairs under a gold standard. This conclusion results from an examination of possible differential rates of productivity growth in the gold and non-gold producing sectors. (Author/RM)

This introductory lesson on teaching economics concepts contains sections on the following: purpose; objectives; time; materials needed; and step-by-step classroom procedures. The focus is on the economic problem of scarcity and opportunity costs. Attached is an original skit, "There's no such thing as a free lunch," and a chart that…

This lesson plan offers students the opportunity to participate in the three basic economic systems (market, command, and tradition). By working in each of the systems, students will internalize the fundamental values present in each system and will gain insights into the basic advantages and disadvantages of each system. The lesson plan provides…

This lesson plan features a classroom simulation that helps students understand a command economic system. The lesson plan states a purpose; gives student educational objectives; suggests a time duration for the activity; lists materials needed; and outlines a step-by-step teaching procedure. Instructions for a research and writing homework…

This economics education publication focuses on the U.S. stock market and the risk and uncertainty that an individual faces when investing in the market. The material explains that risk and uncertainty relate to the same underlying concept randomness. It defines and discusses both concepts and notes that although risk is quantifiable, uncertainty…

Bringing mathematics and economics together to connect them in students' minds gives students very important skills they can use in their lives. This book is intended for high school mathematics teachers, with lessons designed to reinforce the mathematics concepts and processes taught by using examples from economics. The book consists of 15…

Sketches the origins and growth of consumer education and presents results of a survey to determine priorities for the objectives of consumer education. (SK)

Identifies universities employing the top economists, ranks the top 50 economists from 1971-85, and points out the top 50 young economists. Uses the total number of citations, the rank by mean number of citations, and the mean number of citations to identifying these scholars. Includes ranked lists with the number of citations. (GG)

This chapter from the book "A New View: Economics and the Zoo" makes use of a zoo setting to teach basic concepts of economics. The chapter presents zoo-related learning activities on the concepts of revenue, community support, and philanthropy. (DB)

This lesson plan, a simulation which can be a semester-long activity, illustrates numerous economic concepts to students of all abilities. The lesson's system has been used successfully for the past five years in English as a Second Language, regular, and Advanced Placement classes. The "system" has proven to be enjoyable, motivating,…

Describes the aim of the American Economic Association (AEA) to educate the public about economic questions and economic literature. Discusses conferences, publications, and the work of the AEA in developing economics, statistics, and reasoning as important parts of a general curriculum. Includes information on teacher training programs, advanced…

Discusses teaching about the financial market as it relates to family finances, savings, and business. Explains ways of making these relationships clear to students through diagrams, activities, games, and role playing. Suggests questions to focus on that highlight the relationship between the rate of return and the risks involved. (DK)