Teaching economics in troubled times : theory and practice for secondary social studies

Online-Ressource (vi, 226 p)

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Includes bibliiographical references and index

Contents; INTRODUCTION; Overview of the Chapters; Part I: The Changing Economic Scene; Part II: Making Economics Cool in School; Part III: Research Findings in Economic Education; PART I THE CHANGING ECONOMIC SCENE; 1 WHAT EVERY HIGH SCHOOL STUDENT AND TEACHER NEEDS TO KNOW ABOUT ECONOMICS; 1 Incentives Matter; 2 There Is No Such Thing as a Free Lunch; 3 Decisions Are Made at the Margin; 4 Trade Promotes Economic Progress; 5 Transaction Costs Are an Obstacle to Trade; 6 Profits Direct Businesses Toward Activities That Increase Wealth; 7 People Earn Income by Helping Others

8 Economic Progress Comes Primarily Through Trade, Investment, Better Ways of Doing Things, and Sound Economic Institutions9 The "Invisible Hand" of Market Prices Directs Buyers and Sellers Toward Activities That Promote the General Welfare; 10 Too Often Long-Term Consequences, or the Secondary Effects, of an Action Are Ignored; Conclusion; Acknowledgements; References; 2 JOHN MAYNARD KEYNES; Introduction; Monetary Policy Defined; Open Market Operations; Reserve Requirements; Discount Policy; The Fed and the Financial Crisis; The Fed and the Great Depression; Fiscal Policy Defined

The Fiscal Policy Revival of 2008Fiscal Policy Challenges; The Supply Side; Conclusion; References; 3 FREE TRADE; The Economic Case for Free Trade; Two Implications of Scarcity; Opportunity Cost and Comparative Advantage; Some Unanswered Questions; Conclusion; References; 4 PUBLIC CHOICE AND BEHAVIORAL ECONOMICS; Public Choice; Behavioral Economics; Conclusion; References; 5 MORALITY OF MARKETS; Morality of Markets for the Classroom: Opportunity Cost and Marginal Analysis; Myths about Economics Values; The Absence of Markets and Immoral Behavior; Morality of Markets for the Conscience

Private Property and ValuesImplications for Teaching Economics; Conclusion; References; PART II MAKING ECONOMICS COOL IN SCHOOL; 6 A CHALLENGING ASSIGNMENT IN TROUBLED TIMES; Twelve Suggestions for First-Year High School Economics Teachers; Conclusion; Acknowledgments; Note; References; Teaching the Content; Methodology for Teaching High School Economics; Materials for Teaching High School Economics; Professional Development, Formal and Informal; 7 A JEWEL FOR YOUR SCHOOL'S CURRICULUM IN UNCERTAIN ECONOMIC TIMES; What Exactly Is Advanced Placement Economics?

Should Your School Offer AP Economics?1. AP Economics Prepares Students for College; 2. AP Students Learn the Subject at a Higher Level than Students in Regular Classes; 3. Students in Regular Economics Courses Might Benefit from the AP Economics Program; 4. AP Economics Provides Feedback on School Success; 5. AP Credit Saves Students Money and Makes College More Affordable; Getting Going: Preparing to Teach an Effective AP Economics Course; 1. Decide Whether to Teach Macroeconomics, Microeconomics, or Both; 2. Spend Time on The College Board's AP Central Website

3. Write Your Syllabus and Submit It to The College Board for an Audit

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