Microeconomic principles courses focus on perfectly competitive markets far more than other market structures. The authors examine five possible reasons for this but find none of them sufficiently compelling. They conclude that textbook authors should place more emphasis on how economists select appropriate models and test models' predictions…

We examine the impact of class size on student evaluations of instructor performance using data on all economics classes offered at the University of California, Santa Barbara from Fall 1997 to Spring 2004. A particular strength of this data is the opportunity to control for both instructor and course fixed effects. In contrast to the literature…

This research develops a narrative of incidents of intentional learning by students studying undergraduate economics as represented in their written reflective journals. The deliberate integration of learner reflection, reflective practice and reflective writing into the pedagogy may facilitate transfer learning (Sousa, 2006). Transfer has been…

Authors of intermediate microeconomics textbooks devote relatively more space to imperfectly competitive markets than can be justified by their relative occurrence in actual markets. This gap has persisted for at least 40 years, even with an almost complete turnover of authors between the decades of the 1960s and the 2000s. This portrayal gives…

This paper reports on the perceptions of teaching economists of the nature, implementation and result of outcomes assessment/assurance of learning (AOL) in higher education. The results reported in the paper are based on over eight hundred responses to a web-based survey of teaching economists. While there is little consensus among economists…

This article describes the process of planning and implementing a problem-based learning community. Business and communication students from a large university in the Western United States competed in teams to solve an authentic business problem posed by a Fortune 500 company. The company's willingness to adopt some of their recommendations…

The primary purpose of this twelve-week case study was to explore the use of a cooperative learning strategy with small groups of students in a 12th-grade economics class as diverse learners prepared for tests. The complete case study was based on observations of students, student surveys, focus group interviews, and interviews with educators at…

Education is one of the most important subsystems of the social sphere, enabling the individual to acquire systematized knowledge, abilities, and skills for the purpose of making effective use of them in professional activity. The system of education is a complex social, economic, scientific, and technological component of the national economy of…

Generation Y students (born after 1982) have developed a different set of attitudes and aptitudes as a result of growing up in an IT and media-rich environment. This article has two objectives: firstly to discuss the learning styles preferred by generation Y students in order to identify the effect of these preferences on tertiary education in…

Curriculum internationalization is a strategy adopted by many universities as they prepare their graduates for employment in the global economy. This paper is a case study of the organizational change involved in one institution's (Monash University, Melbourne, Australia) attempts to implement curriculum internationalization in the foundation…

This article reports on the trends in undergraduate economics degrees from 1991-2006. Undergraduate degrees in economics awarded by U.S. colleges and universities enjoyed an upward trajectory for eight consecutive years from 1997 through 2005. On the basis of the steady climb in economics majors from 2000 to 2005, "Newsweek" (December 26, 2005)…

The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and…

The rational expectations hypothesis has had a profound impact on macroeconomic theory and policy during the past decade. The most significant contribution of the hypothesis is in formulating expectations in a genuinely forward-looking way, thereby making the current state of the economy depend on expectations of the future. (Author/RM)

Few of the popular British economics textbooks make more than passing mention of finance houses. The role of finance houses in the British economy is reviewed. (Author/RM)

Economics can be a tough subject, so good teachers find creative ways to teach it. However, only a few economic literacy programs promote "an economic way of thinking" and teach students how to analyze relevant economic problems, says Burton Folsom. Having examined several economic education programs, the author has found that many…