For the open economy, the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the investment and savings, liquidity preference and money supply (IS-LM) model to open economy problems. The authors present a simple New Keynesian model of the open economy that introduces open economy considerations…

This curriculum guide for secondary teachers outlines resource units dealing with the free enterprise system. Although intended for use by teachers in Louisiana, the guide can be utilized or adapted by educators in any state. The guide is comprised of nine sections dealing with the following topics: (1) heritage and characteristics of the American…