The Indian higher education system is facing an unprecedented transformation in the coming decade. This transformation is being driven by economic and demographic change: by 2020, India will be the world's third largest economy, with a correspondingly rapid growth in the size of its middle classes. The three central pillars of the government's…

Accelerating threats to a sustainable relationship between economic growth and the capacity of the global social-ecological system to support it require that the implications of competitiveness be reassessed. Today, the capacities that underlie economic competitiveness must also be brought to bear on policy and pedagogy to prepare the coming…

Reviews recent research into the theory of the kinked demand curve in economics. Applies this theory to economic concepts such as marginal cost and price flexibility. Discusses the implications for corporations and government policymakers. (CFR)

Maintains that it is generally assumed that rent control redistributes wealth from landlords to consumers of housing. Presents data and graphs to illustrate how rent control can benefit landlords and increase housing availability. Asserts that this exercise is effective for students studying microeconomic theory. (CFR)

Argues that the aggregate good is a powerful pedagogical device in economics. Uses a simple graphical analysis that demonstrates to the student the concept of an aggregate good, that preferences can indeed be collapsed from many goods to two. (DB)

This series of 20 self-contained lessons in the study of economics, features activities that can be used with any high school economics instruction. The lessons included are: (1) Opportunity Costs; (2) Factors of Production; (3) Economic Systems; (4) Self Interest; (5) Class Struggle; (6) Economic Institutions; (7) Supply and Demand; (8) Markets…

Argues that, although most economics textbooks' explanations of imperfect competition may involve three to five models, the concept can be taught using a single, simple model. Uses several business/economic examples as illustrations. (DB)

Suggests how the classic model of overlapping contracts can be incorporated into the contract wage model of aggregate supply. Illustrates dynamics of macroeconomic adjustment following a shock to aggregate demand. Concludes that overlapping contracts do not prolong the adjustment process; rather, the longest remaining contract determines the time…

Contends that the production possibilities frontier (PPF) appears only in preliminary discussions of scarcity in principles textbooks. Illustrates how linking the Keynesian cross and the production possibilities frontier can yield worthwhile results while maintaining analytical simplicity. (CFR)

Asserts that there are many advantages to working in a controlled laboratory environment when teaching market structures in economics. Introduces the concept of competitive market experiments, makes a renewed case for their use in economics instruction, and proposes an expanded format for reporting experimental results. (CFR)

Demonstrates a trade-off relationship between price inflation and unemployment known as the Phillips Curve. A method for teaching this relationship in college economics classes is presented. (AM)

A model that can be used to teach secondary students about economic disparity and its effect on the total economic welfare of the country is presented. The model has three phases. In the first phase of curriculum planning, students' needs are determined, goals and objectives are set, and content is selected. The second phase concerns teaching…

Examines the concept of "free riders," those who enjoy the benefits of a public good without contributing to the costs of providing it. Reviews classroom experiments on the free rider topic and describes a free rider experiment using an undergraduate class of 73 students. (CFR)

Contends that, in recent years, the growth of experimental economics as a field of research has led to increased interest in using games and experiments in the economics classroom. Summarizes 12 reports on using experimental economics in the classroom and concludes that the method encourages student interest and learning. (CFR)