Economics

This page is where I store my economic web resources. It is an ongoing work in progress, so if you have any additional suggestions please make a comment!

 

One of my secret pet peeves is when people’s eyes glaze over at the mere mention of Economics and then feign that “it’s all so complicated”.  In polite conversation I’ll just go along, but secretly I am thinking that us Economics teachers have lots of work to do. I strongly feel that basic economic concepts are actually quite simple and that every student, at nearly every level can understand them. The essential ideas–supply, demand, incentives, etc.–are incredibly intuitive and really not very complicated.

The role of a teacher is to help students become aware and comfortable with these concepts and then arm students with the proper vocabulary so that they can make effective analyses using them. Personally I feel that students should also learn the basic maths so that they can illustrate these concepts, or at least not be afraid of the maths when they encounter them in the future.

 

Useful Links

In the sidebar to the right I have prepared a list of economic links; a mix of journalism, research, and educational websites.  There are tons of great economics sites for teachers and I have highlighted a few I have found useful below:

The Economics Classroom – Video Lessons for Economics student’s by Winkler’s Wikinomics

International Econ Teacher Tim Woods has put together an amazing website with the “99 best economic resources on the web”

The alway’s useful Khan Academy videos on Economics

Interestingly, the Carnigie Council for ethics in International Affairs produces a number of lesson plans that revolving around issues in international business. Some of these are good building blocks for quality lessons.

Foundation for Teaching Economics – A mix of U.S. centric lesson plans, some good, some ok,

EconEdLink – Another great site with lots of good lesson plans. (You can see my analysis of one in this blog post here).

In particular I owe Mr. Woods thanks for introducing me to GapMInder, a website dedicated to “Fighting devastating ignorance with fact-based worldviews everyone can understand.”  I have been a fan of Hans Rosling since first coming across his excellent video the Joy of Stats. If you haven’t seen it, please take a moment to watch it now.  (I recommend all of his work)

The Joy of Stats from Gapminder Foundation on Vimeo.

 

Reference Sites 

U.S. Federal Reserve Bank – Home of the most important economic institution in the world.

UN Human Development Reports – Great source of interesting statistics.

World Trade Organization (WTO)

World Bank

Organization for Economic Cooperation and Development (OECD)

Organization of American States (OAS)

Organization of Oil Producing Countries (OPEC)

International Monetary Fund (IMF)

International Labor Organization (ILO)

Goldman Sach’s Global Outlook

 

Recommended Books

I could make a long list here from Adam Smith to Joseph Schumpeter to Ronald Coase, but this is more for books that are useful for Introductory Economics lesson planning, or that students might enjoy.

Tim Hartford‘s The Undercover Economist – His book is great and between it and his blog there are so many great lesson ideas for teachers that they could be busy all year.

The Worldly Philosophers – Robert Heilbronner.  Wonderful book on the lives of the most influential historical economist.  Great for giving historical context to the names in textbooks.

Update:  Actually, I have gone ahead and made a good list in this blog post here.

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