States that often constant returns to scale are also much more and that many important results depend on the very special properties of this class of production function. Offers a unified set of simple proofs, employing only familiar diagrams and high school geometry, for most of the crucial analytical properties of constant returns production.…

Discusses four reasons why economic forecasting courses are important: (1) forecasting skills are in demand by businesses; (2) forecasters are in demand; (3) forecasting courses have positive externalities; (4) and forecasting provides a real-world context. Describes what should be taught in an economic forecasting course. (CMK)

Explores the importance of second-order conditions in the cost-minimization problem confronting the monopsonistic employer of factor inputs. Describes an alternative approach to the presence of pecuniary effects that does not depend on the assumption that firms are monopsonistic in factor markets. (CMK)

Presents a Web site that utilizes the Learning-by-Objective (LBO) model that integrates Internet tools for knowledge transmission, communication, and assessment of learning. Explains that the LBO model has been used in creating micro and macroeconomic course Web sites with WebCT software. (CMK)

Describes a computer-aided supplement to the introductory microeconomics course that enhances students' understanding with simulation-based tools for reviewing what they have learned from lectures and conventional textbooks about comparing market equilibria. Includes a discussion of students' learning progressions and retention after using the…

Describes an online, securities market, research tool, called Borsa, to engage students in the exploration of asset pricing in microeconomics courses. Defines Borsa as related database files served on the Internet using a dedicated IP address. Discusses practical considerations in running the market. Offers questions that arise from using the…

This updated list of content standards covering economics is suggested for states developing their own economics standards. The list outlines the core requirements for basic literacy in economics for grades K-12. The statements are similar to designated content standards from other core subject areas. Key economic concepts describing their basic…

Interprets economic education broadly as any activity in which students think about economic reasoning and consider how people behave in an economical manner. Observes that, using this definition, economic education is widely practiced in Japanese elementary schools. Looks at the national Course of Study to illustrate the argument. (DSK)

It is a popular practice among college professors to drop the lowest component grade in computing the course grade. A benefit of this practice is the elimination of the need to evaluate excuses or administer make-up exams. The author uses data from a controlled experiment to examine the impact of such a policy on student behavior and course…

Outlines a model for teaching economics that incorporates introductory economics concepts into an interdisciplinary class that includes three disciplines focused on a central theme. Covers the principles of microeconomics and the fundamentals of environmental economics. Links these topics to those covered in the ecology and philosophy sections of…

This document consists of two booklets, one for teachers and one for students. These booklets are part of the Elementary School Program of Junior Achievement, Inc., where participants learn about their roles as individuals, workers, and consumers. The booklets are designed to develop personal economic concepts through storybook characters…

The recent trends in economic education reflect the perennial issues regarding economics education. Trends identified include: (1) economics and citizenship education; (2) economic education in Russia and Eastern Europe; (3) the global economy; (4) content standards; and (5) use of computer technology in economic education. The Digest concludes…

Explores the relationship between student personality types and measures of student performance in principles of microeconomics using the Keirsey Sorter, a 70-question Myers-Briggs Type Indicator (MBTI); results from the Test of Understanding of College Economics (TUCE); and course grades. Suggests that personality types do affect student…

Describes a Web site for college economics instructors that provides 113 noncomputerized economics experiments (games) to help teach fundamental micro and macroeconomic concepts. Explains that the games are annotated and hyperlinked and that the Web site is organized into three tables classifying the games. (CMK)

Presents a simple technique for teaching the Cournot model to first-year microeconomic students. Involves demonstrating, without the use of derivatives, that out of all rectangles with a common perimeter, the square has the greatest area. (RLH)