South-Western College Publishing - Economics  
 
These newsletters are aimed at making your teaching, particularly your teaching of economic principles, more effective and more enjoyable. 
William A. McEachern, Editor 
 
William A. McEachern, Editor 
Welcome to The Teaching Economist, a semi-annual newsletter aimed at making your teaching of economics more fun and more effective. Now in its fifteenth year, The Teaching Economist also provides a forum, called The Grapevine, where contributors can share teaching ideas. 
Issue 34
Spring 2008
 
Index of Issues 
Issue 34 Issue 33
Issue 32 Issue 31
Issue 30 Issue 29
Issue 28 Issue 27
Issue 26 Issue 25
Issue 24 Issue 23
Issue 22 Issue 21
Issue 20 Issue 19
Issue 18 Issue 17
Issue 16 Issue 15
Issue 14 Issue 13
Issue 12 Issue 11
Issue 10 Issue 9
Issue 8 Issue 7
Issue 6 Issue 5
Issue 4 Issue 3
Issue 2 Issue 1
 
Subscription Information 
If you have not yet asked to receive a hard copy of this semiannual newsletter, compliments of Thomson South-Western, or if you need to change your address, please write to:   

Thomson South-Western
The Teaching Economist
Attn: John Carey
5191 Natorp Blvd.
Mason, OH 45040-7945
E-mail: J.Carey@thomson.com

Contribute Your Ideas for the Grapevine 
If you have developed any attention-getting examples, ways to 'sensationalize' economic concepts, useful resources on the Internet, or more generally, ways to teach just for the fun of it, please share these with colleagues in “The Grapevine” by sending them to:  

William A. McEachern, Editor
The Teaching Economist
Department of Economics
University of Connecticut
341 Mansfield Rd, Unit 1063
Storrs, CT 06269-1063
E-mail: william.mceachern@.uconn.edu
 

About the Editor 
William A. McEachern is Professor of Economics Emeritus at the University of Connecticut. Since 1973 he has taught principles of economics and in 1980 developed a series of annual workshops for teaching assistants. He has given teaching workshops around the country and is the author of Economics: A Contemporary Introduction, a best-selling principles of economics textbook.  

Professor McEachern earned an undergraduate degree cum laude in the honors program from Holy Cross College and an M.A. and a Ph.D. from the University of Virginia. He has authored several books and monographs in public finance, public policy, and industrial organization. His research has appeared in edited volumes as well as journals such as Economic Inquiry, National Tax Journal, Southern Economic Journal, Journal of Industrial Economics, Kyklos, Quarterly Review of Economics and Business, Challenge, and Public Choice.

Professor McEachern has been quoted in publications such as The Wall Street Journal, The New York Times, The Christian Science Monitor, and USA Today. He has received the University of Connecticut's Faculty Award for Distinguished Public Service.  He has also received the University of Connecticut's Faculty Award for Excellence in Teaching.

About the Publisher 
South-Western is a division of Cengage Learning. Founded in 1903, South-Western is the premier publisher for business education. Please share your questions or comments about our economics publishing program with us. We are committed to serving your educational needs. 

For helpful comments on a draft of this issue, I thank Sarah Greber, Dennis Heffley, Charles Martie, Stephen Miller, and Dave Shaut.
 

 
Table of Contents 
Teaching, Thinking, and Learning Odds and Ends
The Grapevine Ideas for the Grapevine
Teaching, Thinking, and Learning
The Cognitive Science Society holds its 30th anniversary conference this July. The group’s objective has been no less than developing a “unified theory of cognition.” At the first conference, Herbert Simon, fresh off his Nobel Prize in economics, sounded this keynote: “Cognitive science is, of course, not really a new discipline, but a recognition of a fundamental set of common concerns shared by the disciplines of psychology, computer science, linguistics, economics, epistemology, and the social sciences generally. All of these disciplines are concerned with information processing systems, and all of them are concerned with systems that are adaptive…”(Simon, p. 33). Though cognitive science remains a work in progress, with most areas far from settled, decades of experiments have yielded enough fruit to warrant review in this issue of The Teaching Economist. [More] 
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The Grapevine

Conventional wisdom has long held that students can learn how to solve computational problems by following the template of worked-out problems. Some textbooks even include worked-out problems in the body of the text. But a special issue of Learning and Instruction (Vol. 16, April 2006) has published several studies that cast doubt on the effectiveness of worked-out problems, at least as a general approach. In that issue, Roxana Moreno of the University of New Mexico offers commentary on these findings. Here are some possible reasons why students have difficulty applying solutions from worked-out examples to new problems. Students often suffer from what’s been called an ‘‘illusion of understanding.’’ They think they know more than they do. Also, some students apparently can’t identify key information in the examples and instead focus on irrelevant features. Moreno’s commentary, “When Worked Examples Don’t Work: Is Cognitive Load Theory at an Impasse?” can be found at http://www.iapsych.com/articles/moreno2006.pdf.
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Odds and Ends 
“The hordes of English majors who fill our classes might think twice if they knew that economics and mathematics -- with their emphasis on problem-solving -- are the best preparation for a career in law. Flowery prose is seldom valued by an overburdened judiciary.” —Cameron Stracher, publisher of the New York Law School Law Review and co-director of the Program in Law & Journalism [More] 
 

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Ideas for the Grapevine

If you have developed any attention-getting examples, ways to "sensationalize" economic ideas, useful resources on the Internet, or more generally, ways to teach just for the fun of it, please share these with colleagues in “The Grapevine” by sending them to: [More] 

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