This guide presents a 139-item bibliography of books and articles on the school of thought known as the Austrian school of economics. The first nine of the ten sections contain bibliographic entries, classified by topic. Part 1 is an introduction to Austrian economics, listing sources on the school in general and on three principal members. Each…

This lesson plan features a classroom simulation that helps students understand the characteristics of a market economic system. The lesson plan states a purpose; cites student objectives; suggests a time duration; lists materials needed; and details a step-by-step teaching procedure. The "Paper Airplane Challenge" handout is attached. (BT)

This lesson plan helps students understand the role consumer demand plays in the market system, i.e., how interactions in the marketplace help determine pricing. Students will participate in an activity that demonstrates the concepts of demand, demand schedule, demand curve, and the law of demand. The lesson plan provides student objectives;…

Identifies inconsistencies in treatments of the perfect competition, monopoly welfare comparison in textbooks for economics instruction. Argues for explanation of how experiments are being conducted and explicit identification of all underlying assumptions. Suggests straightforward analysis of the social cost of monopoly based on a comparison…

Introduces a journal issue devoted to the New York Stock Exchange. Describes the formation and development of the stock exchange and Wall Street. Discusses the connection between politics and finance and the economic changes in formerly socialist nations. Suggests that the New York Stock Exchange may have to convert to a computer trading system.…

This book is designed to help teachers connect "The Stock Market Game" (tm) and the school curriculum. Three key economic themes developed in the lessons include: (1) stock buyers engage in economizing behavior; (2) market economies encourage the production of wealth; and (3) market activity takes place in the context of a legal…

Discusses issues related to short-run marginal cost and long-run marginal cost in economic theory. Asserts that few economics textbooks deal with important aspects of this concept. Includes four figures illustrating the approach suggested by the authors. (CFR)

Describes an elementary school project in which children learned about the terms, issues, and concepts involved in U.S. economic system and the stock market. Emphasizes the importance of reinforcing delayed gratification to break the cycle of poverty for inner-city families. Discusses project goals, special activities, support, and instructional…

Examines the case of bilateral monopoly in the context of joint profit-maximizing solutions. Asserts that, although bilateral monopoly is sometimes viewed as a theoretical model with few real-world applications, the elements of negotiations it contains form the basis for contracts between input sellers and input buyers. (CFR)

Addresses effects of monopoly and competition on societal welfare. Discusses inadequacy of economics textbooks. Concludes that most texts fail to explain the shape of monopolists' underlying cost curves. Argues that the monopolist's long run marginal cost curve cannot be obtained by horizontal summation of the long run marginal cost curves of…

Discusses whether or not the economic concept of the long run is no longer feasible because of computer-assisted manufacturing and other technological advances. Concludes that the terms "long run" and "short run" still serve as logical constructs in formal economic analysis. (CFR)

"The Yummy Pizza Company" is an interdisciplinary thematic unit that introduces the world of work to elementary school age students. The 10 lesson outlines can be adapted up or down to be used in grades 1-5 because an attempt has been made to keep required reading and writing assignments to a minimum. Optional assignments may be added for more…

This book is designed to help students in grades K-2 make better decisions as spenders, savers, borrowers, and managers of money. The learning experiences focus on personal finance and money management. The 14 lessons are divided into 4 units focusing on money, spending, saving, and borrowing and credit. Lesson titles include: (1) "A Very…

This book is designed to help students in grades 3-5 make better decisions as spenders, savers, borrowers, and managers of money. The learning experiences focus on personal finance and money management. The 10 lessons are divided into 4 units focusing on children making spending decisions, saving decisions, borrowing decisions, and money…

This book is designed to help students in grades 9-12 make better decisions as spenders, savers, borrowers, and managers of money. The learning experiences focus on personal finance and money management. The 10 lessons divided into 4 units include: (1) "Challenging Choices"; (2) "Learning, Earning, and Spending"; (3) "How…