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)

Considers the impact of fiscal variables on the money supply. Reviews theoretical linkages and recent empirical evidence of a Federal Reserve influence on the U. S. money supply. Concludes that there is no single, generally accepted model of the Federal Reserve that can be relied upon to solve the question of the impact of federal budgets. (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 "Inside the Vault" newsletter contains two issues. Issue 1 contains a lead article, "Reading the Fed's Playbook," a question-and-answer section, and a bulletin board. The Federal Reserve's primary mission is to ensure that enough money and credit are available to sustain economic growth without inflation. The article…

Presents Michal Kalecki's macro-economic model and two-sector version of the model by Robinson and Eatwell as circular flow diagrams. Advantages of using this approach in first-year undergraduate economics programs are discussed. Available from: General Secretary, Economics Association, Room 340, Hamilton House, Mabledon Place, London WC1H 9BH,…

Presents an activity using a number grid to challenge second grade students' concepts related to counting change. (KHR)

Before Nigeria can connect to the World Wide Web, it must have a national computer network and a series of organization-based intranets. This letter assesses Nigeria's communications infrastructure; discusses what is being done to improve it; and credits its shortcomings to low university funding, rising computers costs, currency exchange rates,…

Ending the use of cash in the United States can provide substantial social and economic gain while requiring only modest levels of investment. One primary benefit is the reduction of cash-related crimes. Because most street crime is committed to obtain cash or uses cash as a transaction medium, elimination of cash will dramatically reduce crime.…

While the current inflation problems are neither totally new nor unique, economic history shows that neither are these problems necessary nor inevitable. (Author)

Money, banking, and macroeconomic textbooks traditionally present the topics of money, the creation of demand deposits by depository institutions, and the Hicksian-Keynesian Theory of Income and Interest separately, as if they were unrelated. This paper presents an integrated approach to those subjects using computer programs written in BASIC, the…

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…

Intended to provide a basic understanding of the history and complexity of a relatively new foreign currency measure, this paper briefly describes the history leading to the formation of the European Economic Community (EEC), its objectives, its governance structure, and its development of the European Currency Unit (ECU) as a means of stabilizing…

This paper describes the Schumpeterian schema of capitalist business cycles. The creator of the model, Joseph A. Schumpeter (1883-1950), was a Czech-born and Viennese-educated theoretical economist who emigrated to the United States in the 1930s and taught at Harvard University for 18 years. He is particularly remembered in economic circles for…

In this document, the author compares institutional costs at higher education institutions in Illinois between 1958 and 1971. In order to do this, it was necessary to deflate 1971 dollar expenditures and express them in terms of 1958 dollars. Measured in 1958 dollars, expenditures have increased by 397% to $446.7 million using the Consumer Price…

From the earliest times when commodities such as tobacco and beaver pelts were used as money, to the present when credit and debit cards are commonplace, money has played a central role in the U.S. experience. This booklet provides an historical overview of the concept of money as it has evolved in the United States. The booklet is divided into…