Opportunity cost is considered to be a fundamental concept in economics. But the definition of the term continues to be controversial. I describe how the term is widely used in two distinct ways, both in the academic and non-academic literatures. I propose a practical way for educators to...

Economic courses pay little attention to the economic implications of insufficient rest. This paper identifies several Biblical references to the role of rest with economic implications, examining what the Bible says about the importance of rest for creation and contrasting this with the...

Dissatisfaction with the use of multiple choice tests as a means of evaluating the comprehension of students led to experimentation with a hybrid form that combined multiple choice questions with written explanations for why the particular answer was chosen. A comparison of the multiple choice...

In this paper, the distinction between nominal and real income is highlighted by positing the existence of an imaginary “real dollar store.” In this store, all items are sold at a price of one dollar in the base year and the price of each is indexed to the cost of living. Hence, such...

The article provides an overview of the main steps in the change of the Russian school in the twentieth century. There is analyzed the problem of achieving a balance between equal access to education and individualization of learning

The authors examine concurrent enrollment programs (CEP) as an effective means of teaching college economics in high school. They describe the establishment of the National Alliance of Concurrent Enrollment Partnerships to set national standards for CEP. They also investigate the performance of...

Classroom experiments and exercises served as a one-day introduction to economics for students who felt insecure about taking first year business classes. The first experiment addresses demand in isolation, while the second addresses supply. A third integrates supply, demand and equilibrium in a...

The present report presents the methodological framework applied to define the benchmark on education for employability to be proposed to European Council in 2012. While the three first sections present the proposed indicator, the fourth section discusses the sensitivity of that indicator to a...

John “Jack” Soper passed away on August 9, 2013. A prolific researcher who retired as the John J. Kahl Sr. Chair in Entrepreneurship at John Carroll University, Soper was a leading light in the field of economic education. His scholarship in the 1970's and 1980's played a very important role...

The education and application of skills in it is an essential prerequisite for the growth and development of each national economy in the future. Investing in education and skills development are essential incentive for raising the growth and competitiveness of each country and its participation...