The authors describe an asymmetric information demonstration that assigns students different probabilities of incurring healthcare expenses. In each round, students choose whether to purchase insurance; then, the instructor randomly determines who gets "sick." After computing insurer profits, students help determine a new insurance price…

Using data from 11 institutions, the authors investigate enrollments in intermediate microeconomics to determine characteristics of successful and unsuccessful students and follow the retake behavior of unsuccessful students. Successful students are significantly different from unsuccessful ones, and unsuccessful students differ by type…

This essay reviews progress in empirical economics since Leamer'rs (1983) critique. Leamer highlighted the benefits of sensitivity analysis, a procedure in which researchers show how their results change with changes in specification or functional form. Sensitivity analysis has had a salutary but not a revolutionary effect on econometric practice.…

The following program description, literature review, and theoretical bases demonstrate the andragogical soundness of the two projects and a club of the Monterey Adult Transitions Program. The Bistro Project began as a suggestion of an Associate Superintendent, who ran a similar project in the Boston area. The Greenhouse Project began as a…

Updates a study of the coverage of entrepreneurship contained in principles of economics textbooks originally carried out in the mid-1980s. Analyzes coverage of the same topics in 14 popular introductory texts. Concludes that entrepreneurship still has not worked its way into economics-principles texts. (DSK)

Investigates factors that influence the short-run and long-run effects of supply-side shocks on aggregate income and tax revenues. Concludes that the long-run relationship between tax revenues and the tax rate is completely independent of price-level elasticity. (CFR)

Reports on a study of the economic literacy of 942 adults and compares the results with the economic literacy of high school students. Finds that high school students outscored the adults. Also finds that adult scores were related positively to both the level of education achieved and the completion of an economics course. (CFR)

Contends that the traditional approach to the economics of pollution deals only with the special case of damage coming from the per-period flow of the pollutant. Examines the limitations of the traditional flow approach. Summarizes fundamental advances in the economic theory of stock pollutants using graphical descriptions. (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)