Asserts that many macroeconomics textbooks include arguments about national fiscal policy that may not be relevant nor accurate. Concludes that counter cyclical fiscal policy restricted to changes in income taxes and transfer payments are weak tools in efforts to pull a nation out of recession. (CFR)

A computer game involving macroeconomic stabilization policy for use with college level students is described. Students are asked to take the part of government in manipulating tax rates, expenditures, and monetary policy in an attempt to influence employment and inflation in an open economy. (Author/RM)

Discusses real business cycle analysis, growth theory, and other economic concepts in the context of the rational expectations revolution in macroeconomics. Focuses on post-1982 research. Concludes that the rejuvenation of growth analysis is an encouraging development because it could lead to changes in welfare policy. (CFR)

Utilizes Federal Open Market Committee (FOMC) transcripts to reveal how the Federal Reserve shapes monetary policy. Analysis of the documents shows the Committee examining a wide variety of indicators and approaches in an attempt to determine the appropriate time for a policy change. Inflationary pressures were a preeminent concern. (MJP)

This report describes the main areas of economic research supported by the Ford Foundation in the 1970s, with an emphasis on the work in international economics. It is divided into five sections: the international economy, less-developed countries (LDCs) and the new economic order, the industrialized world and inflation, workers and wages, and…

A third-grade class and fifth-grade remedial reading students gained a positive attitude toward contemporary economic problems by studying economics as a puzzle in this award-winning project. The following concepts were each approached as pieces of the puzzle to be solved: money, wants and needs, income, goods and services, scarcity, consumption…