Principle of duality and numerical calculation of income and substitution effects under Hicksian Compensation are often left out of intermediate microeconomics courses because they require a rigorous calculus based analysis. But these topics are critically important for understanding consumer behavior. In this paper we use excel solver--a…

A three-day unit, including an auction, designed to teach basic economics. (NP)

The combination of consumer mathematics and economics has the potential to make a sizable contribution in preparing students to become effective consumers. Students must understand economic as well as mathematical concepts, and consumers need to adapt to changing economic conditions and life styles. (JOW)

The idea that office educators should teach economic concepts and discuss economic issues should be seen as an opportunity to fulfill business education's responsibility to help office education students develop skills and understanding that will better prepare them for successful careers. (JOW)

GRADES OR AGES: Grade 12. SUBJECT MATTER: Modern problems, economic units. ORGANIZATION AND PHYSICAL APPEARANCE: The introductory material includes an outline of the Bloomington school philosophy, identification of main areas of modern economics, basic objectives, and techniques for evaluating objectives. The guide covers six units: a) importance…

Describes and contrasts nonlinear and linear pricing in consumer choice theory. Discusses the types of nonlinear pricing: block-declining tariff, two-part tariff, three-part tariff, and quality discounts or premia. States that understanding nonlinear pricing enhances student comprehension of consumer choice theory. Suggests teaching the concept in…

Designed for the general public and possibly suitable also for high school economics students, this pamphlet presents a brief overview of United States currency. Separate sections discuss the role of currency today, how the dollar has evolved, how the dollar got its name, laws concerning legal tender, types of currency in circulation, the meaning…

Presents a classroom exercise which illustrates consumer equilibrium, the equimarginal principle, indifference curves, and income and substitution effects. States that students gain a better consumer equilibrium by linking together these elements of economic analysis. (GEA)

This economic education publication features an article, "Does Consumer Confidence Measure Up to the Hype?," which defines consumer confidence and describes how it is measured. The article also explores why people might pay so much attention to consumer confidence indexes. The document also contains a question and answer section about deflation as…

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 need for comprehensive and appropriate programs in consumer education. (JF)

Describes the Bank Ed School Series: (I) for upper elementary, which focuses on basic money management and math skills; (II) for junior high, which emphasizes goal setting, savings, money making, and related math skills; and (III) for high school, which focuses on the family as a mini-society operating with the same economic principles as the…

A study was conducted to assess high school students' knowledge in the area of consumer economics and to identify school variables related to that knowledge. Six hundred fifty-three seniors from five high schools were administered the "Consumer Economics Content Area Measure." (Author/JN)

This study compared the learning and retention of the "scarcity" and "opportunity cost" concepts by students in grades one, three, and six. Results suggest a need for empirical research on factors affecting the retention of economic concepts by students in the early primary grades. (JD)

One of five McDonald's Action Packs, this learning package introduces intermediate grade students to basic economic concepts. The fourteen activities include the topics of consumption (4 activities), production (5), the market system (3), a pretest, and a posttest. Specific titles under consumption include The Wonderful Treasure Tree (introduction…