Presents a case study dealing with open versus closed markets for use in college economics classes. Using the example of the taxi license monopoly in Dublin, Ireland, students examine how theories of supply and demand explain the characteristics of open and closed markets. (AM)

Explores consensus among economists on specific propositions on the basis of a fall 2000 survey of American Economic Association members. Finds consensus generally within the profession, although the degree of consensus varies among propositions that are international, macroeconomic, and microeconomic in nature. States the profession displays…

Purpose: The purpose of this paper is to explore the possible implications for graduate employability of the economic changes which are affecting the UK in the wake of the "credit crunch". It explores the changing economic context and its implications both for HEIs and for graduates starting their careers. Design/methodology/approach:…

The author examines college economic textbooks and shows that there are political attitudes involved in teaching economics. (Author/RM)

Claims that many intermediate macroeconomic textbooks contain incorrect examples of aggregate demand curves. Diagrams correct and incorrect curves and discusses how incorrect diagrams can lead students to draw wrong conclusions. Argues that textbooks should not sacrifice correctness for simplicity. (RKM)

Responds to claims about the instructional value of the downward-sloping aggregate demand curve in teaching principles of macroeconomics. Examines the effects of interest-rates and the role of money on demand curves. Concludes by arguing against the use of downward-sloping aggregate demand curves in textbooks. (RKM)

Argues the diagrammatic IS-LM Model, despite its limitations, remains an important pedagogical tool for the presentation of intermediate macroeconomic theory. Proposes a modification that focuses more explicitly on stock portfolio equilibrium and will be more revealing to students. (BSR)

This article presents a framework for use in applying supply and demand analysis to everyday economic problems. The five step procedure is presented and demonstrated on fictitious government proposals to place a tax on glue sales and fix a maximum legal price for bread. (JDH)

Identifies three fallacies common to many widely used undergraduate textbooks, shows why they are wrong, and offers correct alternatives. (JDH)

Maintains that intermediate level undergraduate microeconomic theory texts mislead by their treatment of the effect of an excise tax on a monopolist's price and output. Offers a simple demonstration of the correct approach. (Author/JDH)

Reviews of 10 recent books and one new journal ("Catalyst: A Journal of Policy Debate") are provided. Topics of the books reviewed include: economics in modern Britain, world economics, the mixed economy, Milton Friedman's thought, British industry, economic issues, and London as a financial center. (JDH)

Institutional economics remains a viable alternative approach to economics. It stresses power, technology, and a holistic and evolutionary approach while critiquing the neoclassical approach. General features of institutional economics are examined, and the work of institutionalists in specific areas is discussed. (RM)

Intended to give college economics students insights into the problems of demand management, this game involves students in manipulating government expenditure, with incomes policy and devaluation options, to try to secure the objectives of full employment, low inflation, and an acceptable balance of payments position. (RM)