Demonstrates how benefit-cost and present-value analyses can be used to assess the potential social benefits of government projects and to illustrate how interest rates affect decision-making in government and business. (AYC)

Contributions to five leading economics journals in terms of institutional affiliations of authors are analyzed. It is noted that dramatic shifts in contributions among universities occurred between the 1960s and the first half of the 1970s. Possible reasons for these shifts are set forth. (Author/KC)

Data from 99 students who completed a microeconomics course indicated that better grades in calculus led to significantly better grades in microeconomics. Higher levels of prior achievement as shown by grade point average correlated with better microeconomics performance. (SK)

Offers a framework with which to analyze growth in a small economy with perfect capital mobility. Produces a diagrammatic representation of steady states that differs from the usual closed-economy Solow-Swan diagram. Uses the diagrams to compare open economy steady states with closed ones. Illustrate the possibility of endogenous income growth.…

Using the MBA curriculum as its focus, discusses both the rationale for including economics in the program for various curricular models and the particular relevance of the subject to management students in the transition environment of Central and Eastern European countries. (EV)

Presents strategies for basic business writing activities based on a model that views writing as an art of discovery, that assumes topics are developed intuitively, and that views writing as recursive and not linear. The use of current economic events as a source of writing activities is encouraged. (SK)

Provides a conceptual framework for teaching price theory and the substitution effects of price changes. Uses the example of student choice of course load to illustrate the usual substitution effect of a price change between goods, and is extended to substitution among differentiated products within a heterogeneous good. (LS)

Outlines the differences between the traditional and modern theoretical models of demand for money. States that the two models are often used interchangeably in textbooks, causing ambiguity. Argues against the use of linear specifications that imply that income velocity can increase without limit and that autonomous components of aggregate demand…

Presents constructivist global education as the morally and ethically defensible position to hold and illustrates the need for continued research of a philosophical nature in home economics and home economics education. (Author)

Examines the educational ideals explicit in M. Brown's conception of home economics education and extends those dispositions and attributes in light of contemporary critiques in education. Discusses implications for practice and invites dialog. (Author/JOW)

From July 13 to 16, 2004, colleagues from around the world gathered at the University of South Australia to present and discuss their research on economic education. The conference, entitled "What We Teach and How We Teach It: Perspectives on Economics from around the Globe," was presented by The Centre for Regulation and Market Analysis…

The author derives the probability that price discrimination improves social welfare, using a simple model of third-degree price discrimination assuming two independent linear demands. The probability that price discrimination raises social welfare increases as the preferences or incomes of consumer groups become more heterogeneous. He derives the…

Multiple-choice questions are the basis of a significant portion of assessment in introductory economics courses. However, these questions, as found in course assessments, test banks, and textbooks, often fail to evaluate students' abilities to use and apply economic analysis. The authors conclude that multiple-choice questions can be used to…

The author disagrees with Homer Simpson who claims that "...cartoons don't have any deep meaning. They're just stupid drawings that give you a cheap laugh." He argues that The Simpsons have a deep meaning in the same way as the works of Jonathan Swift and George Orwell. The message in The Simpsons, Swift, and Orwell is that those in charge do not…

Explains that the endogeneity of the efficient frontier in the mean-variance model of portfolio selection is commonly obscured in portfolio selection literature and in widely used textbooks. Demonstrates endogeneity and discusses the impact of parameter changes on the mean-variance efficient frontier and on the beta coefficients of individual…