Exchange controls in Great Britain were abolished in 1979. Since then, there has been a significant outflow of capital. This article examines the case for the reintroduction of controls with particular reference to the effect this might have on investment. (Author/JDH)

Economists and historians have struggled for almost 80 years to account for the American Great Depression, which began in 1929 and lasted until the early years of World War II. In this article, the authors discuss three major schools of thought on the causes of the Great Depression and the long failure of the American economy to return to full…

Of interest to teachers of intermediate courses in international economics, this article provides a simple technique for teaching the effect of devaluation on a country's trade balance. (Author/JDH)

This document contains two lesson plans. The first, "Fiscal and Monetary Policy via the Internet," seeks to expose high school students to Internet technology while introducing them to fiscal and monetary policy. Information gathering skills, economic understanding, policy application, and economic content retention should all be enhanced by this…

This curriculum guide introduces high school students to the basic principles of microeconomics. Chapter 1 provides a basic definition of economics, while chapter 2 introduces a number of important economic concepts and ideas and examines reasons for unintended or unexpected consequences of decision-making. Chapter 3 considers how individual…

Provides a graphical framework for presenting interactions among current account flows, capital account flows, and exchange rates. Suggests that the two type of flows must be considered separately in discussions of foreign exchange equilibrium and balance of payments flows. Supplies sample graphs and instructions for applying the framework to real…

This curriculum unit of the Muncie (Indiana) Southside High School is to simulate the dynamics of foreign currency exchange rates from the perspectives of: (1) a major U.S. corporation, ABB Power T & D Company, Inc., of Muncie, Indiana, a manufacturer of large power transformers for the domestic and foreign markets; and (2) individual…

Economics can be the most relevant and stimulating class students take in high school. One way to make this happen is to actively involve students in lessons that demonstrate important economic concepts and economic reasoning. This book contains a compilation of 14 popular lessons (all-time favorites from earlier publications by the National…

This curriculum guide emphasizes that economics is a method of thought or analysis and highlights the teaching of macroeconomic concepts. Definitions of economics, economic actions and their results, individual and group relationships, and supply and demand principles are reviewed. Macroeconomic concepts that are introduced include: (1) economic…

Asserts that many macroeconomics textbooks include arguments about national fiscal policy that may not be relevant nor accurate. Concludes that counter cyclical fiscal policy restricted to changes in income taxes and transfer payments are weak tools in efforts to pull a nation out of recession. (CFR)

Argues that the relationship between the British pound sterling, interest rates, and oil prices has been overemphasized by economic commentators because they ignored a basic economic theory about the determination of the exchange rate. Provides an example and suggestions for follow up instruction. (Author/JDH)

Asserts that, despite changes resulting from new theories on international trade, simple graphs in the Heckscher-Ohlin-Samuelson tradition remain a significant part of most courses in international economics. Provides four figures illustrating these economic concepts. (CFR)

This instructional unit is intended to inform students about the coins and paper money used by U.S. citizens to conduct daily financial transactions. The unit is designed to supplement the teacher's regularly assigned materials in economics. The booklet provides a brief study of currency in the United States. It is intended to serve as the basic…

Information about the money most likely used by elementary school students in their transactions is presented in a four-part series. The unit is designed to supplement the teacher's regularly assigned materials in economics education. Each successive part presumes some incremental educational experience by the students. Part 1 includes lessons on…

This set of student and teacher guides is intended for use in a course to prepare students for entry-level employment in such occupational areas in international trade as business/finance, communications, logistics, and marketing. The following topics are covered in the course's five instructional units: introduction to careers in international…