In this study we examine the determinants of and the relationship among economic knowledge, epistemological beliefs, and extrinsic and intrinsic motivation over the course of undergraduate studies in a sample of students of business and economics at a university in Germany. We found economic knowledge increased over the course of studies,…

The circular flow of income diagram is a simplified representation of the functioning of a free-market economic system. It illustrates how businesses interact with the other economic participants within the key macroeconomic markets that coordinate the flow of income through the national economy. Therefore, it can provide students of business with…

The author develops a simple geometric analysis of Cournot-Nash equilibrium in the price-quantity space by exploiting the economic content of the first-order condition. The approach makes it clear that strategic interdependency in oligopoly originates from externalities among producers. This explains why cartels are unstable and casts oligopoly…

In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author…

This excerpt of the author's address to the Business and Office Education Division of the American Vocational Association (1976 convention) presents a brief review of the background of the free enterprise system in America, how it affects the economy, why students should be taught the free enterprise system from their own point of view, and what…

Argues that, although most economics textbooks' explanations of imperfect competition may involve three to five models, the concept can be taught using a single, simple model. Uses several business/economic examples as illustrations. (DB)

Several important economic concepts appear in the business curriculum designed for secondary schools in New York State. This manual assists the teacher by providing brief and simple definitions of major economic concepts, noting the implications of those concepts for business, and suggesting strategies that can be used to teach the principles and…

Hypothesizes that: (1) there is much public distrust of business profit-making due to lack of economic education and misunderstanding of business profits; (2) social scientists should study such attitudes and investigate profits; and (3) conflicts between profit-making and government intervention for social goals are inevitable and must be better…

Discussed is the new conservatism that is reflected in American economic circles today. Economists and organizations that are responsible for this new vitality in procapitalist economics are highlighted, including Arthur Laffer, Milton Friedman, William Allen, and Frederich Hayek. (JMD)

In this booklet, one of a series intended to apply economic principles to major social and political issues of the day, it is proposed that speculation is often misunderstood, particularly in the operation of the futures markets. These are markets in which obligations to consummate sales and purchases at some time in the future are traded at a…

Fourth and fifth grade students at Bulman Elementary School, Redford, Michigan, learn economics concepts by selling potato chips: company stocks are sold and part of the profit is invested in a student-run bank which has checking accounts and issues monthly statements. (AV)

Approximately 84 reference materials on economics located in the McLennan Library, McGill University (Montreal), are cited in this annotated bibliography. The bibliography serves to provide an overview of the printed bibliographic and reference sources useful for the study of economics. Financial and business sources and statistical compendia and…

This directory, an update of the 1979 edition, provides information on nonprofit organizations with a stated interest in business, consumer, career and/or economic education. The directory has three primary purposes: (1) to provide school administrators, curriculum developers, and teachers with a comprehensive source of information about nonprofit…

Approximately 180 organizations are listed and described in this directory which was designed to inform educators and researchers about organizations that provide or are interested in business and/or economic education materials and information. The directory was compiled to provide an initial review of the many organizations in the field of…

Approximately 100 organizations are listed and described in this directory to inform educators and researchers about organizations that provide or are interested in business or economic education materials and information. These descriptions were developed to provide an initial review of the many organizations in the field of business or economic…