This final report concerns a pioneering, three-year curriculum development project dedicated to translating recent learning theory and laboratory findings into operational practice in an existing educational institution. This project produced a highly successful and unique course that teaches two semesters of economics that students can master in from six weeks to one semester's time. In the course, students negotiate individual learning contracts with instructors, making decisions on what they will study, what media they will use, and how fast they expect to progress. Detailed performance specifications were prepared first, and then media were selected and materials developed that would most effectively meet those specifications. The report explains how the course was developed, including the rationales, methods and procedures which were empirically tested. Only a few educational development projects comparable to this in scope and goals have been conducted. None appears to have been documented in the form of developmental model for use by others, as is done here. (Author/DB)