Summarizes underlying tenets and policy implications of new classical and new Keynesian macroeconomics. Compares new approaches with orthodox Keynesian and monetarist schools of thought. Identifies the fundamental difference between new classical and new Keynesian models as the assumption regarding the speed of wage and price adjustment following…

Seeks to explain economists' differences of opinion, through the example of contemporary British economic debate. Observes that part of the explanation lies in the complexity of economic issues. Argues that the more important factor lies in economists' ideological differences. Contrasts the views of the libertarian and market interventionist…

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)

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)

During its evolution Chinese moral education has developed pronounced ideological aspects. This stems from traditions of first equating politics with morality, phrasing them both in the same language, and then of encouraging correct moral and political relations and behaviours through education. This trend dates back three thousand years to Zhou…

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)

Criticizes New Zealand's adoption of market-oriented higher education--universities as "knowledge businesses" and students as "consumers." Argues that the competitive capitalist economic model advocated by the state replicates societal structural inequalities and is wholly inappropriate for a university. Recommends a return to…

Explores the different status and validity accorded to various subjects in Hong Kong secondary schools and the structure and ideology that supports this system. Argues that the curriculum continues to promote the characteristics of direct state control even though efforts have been extended to change it. (MJP)

Describes a class where students learn microeconomics from the perspective of a new business owner. This approach requires reordering the typical sequence of material and introducing a market simulation exercise. Includes a sample business plan, course outline, and data tables. (MJP)

Analyzes the results of a study of Russian college students attitudes towards politics and citizenship. Reveals that, although the students express support and admiration for free market reforms and democracy, they are decidedly indifferent to the political process. Correlates these attitudes with students' positions in campus organizations. (MJP)

Reports on the transformation of higher economic education in Bulgaria as part of the overall change in the society of that country. Describes the slow, painful process of shifting from a command economy to a free market-oriented system. Conservatism and fragmentation have hindered academic reform. (MJP)

Reports on a three-week seminar taught by U.S. economists at Moscow State University (Russia) in June 1992. Discusses the history of the pre-1992 economics curriculum and the emerging curriculum in modern Russia. Includes three tables illustrating changing curriculum content in economics over the past two decades. (CFR)

Utilizes two-dimensional price and output graphs to demonstrate the way that the price-level elasticity of aggregate demand affects alternative monetary policy rules designed to cope with random aggregate supply shocks. Includes graphs illustrating price-level, real Gross Domestic Product (GDP), nominal GDP, and nominal money supply targeting.…

Argues that political equality and democracy are attainable only through the distribution of access to political resources and the willingness to use them. Discusses the broad philosophical and sociological components that contribute to a system marked by advantage and inequalities, as well as opportunities for opposition and resistance. (MJP)

Maintains that most graduate-level economics textbooks rarely mention the need for consumers to be above their minimum wealth position as a condition for market equilibrium. Argues that this omission leaves students with a mistaken sense about the range of circumstances under which market equilibria can exist. (MJP)