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)

This article is about the free enterprise curriculum required by Arizona state law. (PD)

The article uses the notion of economic education to clarify the relationships between economics and consumer education as subject matter areas, and develops certain implications that follow. (Author)

Of twenty categories in consumer education taught in high schools by departments, home economics led the field only in clothing and household soft goods and in foods. (AG)

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)

The economic system is an important factor affecting consumer decisions. Students need opportunities to study the economic system so that they can understand how their decisions influence the system and are influenced by it. (JOW)

To respond to today's economic situation, old remedies must be discarded. Students must question causes and effects of problems before suggesting appropriate solutions. (JOW)

The comments in this article are offered in the spirit of being helpful, although offered with all due humility, because the author is not an economist but only plays one on TV, which another contributor to this session, Klaus Zimmerman (2004, 403), diplomatically points out is "'inadequate for conveying truly profound messages." All of the…

An in-class game can be used to improve students' understanding of how a tradable discharge permit (TDP) program might work. There are, however, trade-offs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from the experience. The…

The author offers a simple intuition that can be exploited to derive and to help interpret some canonical results in the theory of optimal commodity taxation. He develops and explores the principle that the marginal social welfare loss per last unit of tax revenue generated be equalized across tax instruments. A simple two-consumer,…

This article aims to investigate the academic performance (measured by quality points) of the business students in quantitative courses. It also explores the impact of a number of factors on the academic performance of business students in these courses. A random sample of 750 third- and fourth-level business students at the United Arab Emirates…

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…

Most states have adopted high school economics standards, but implementation efforts face two hurdles: evidence indicates that five or six college-level economics courses are needed for high school economics teachers and that standalone high school economics classes are more effective than strategies that infuse economics into history or civics…

The Partnership for 21st Century Skills places an important emphasis on fundamental social science subjects including history, geography, government and civics, and economics as well as a stress on other important subjects such as English, foreign languages, arts, and science in the school curriculum. It has also identified what it calls 21st…