This article describes the framework and the methodology necessary to instill sound principles of economic understanding in business education students. Basic economic concepts are listed and discussed, as well as effective educational delivery systems such as games and simulations (examples are included). (CT)

Describes the organization, methods, and mission of the Policies Commission for Business and Economic Education, an autonomous body established to improve understanding of business and economic education, assist educators, define business education's role in the total educational program, and develop recommendations to implement that role. (MF)