The 10 principles of economics provide a framework for understanding economics and explaining human behavior. Harvard economist, Gregory Mankiw, and others outline the principles, which synthesize economic thought into a series of statements that help understand how people behave, how they interact in society and how economies work. Instructors can help illustrate the explanatory value [...]

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One of the areas most lacking in a child’s education is an understanding of economics. For many young people, their first serious encounter with economics is when they take the introductory course in college. One thing you can do if you are teaching the middle grades is to assign your students essays on economic topics [...]

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Just because economics is known as the “dismal science” does not mean an economics essay has to be dull. Economists, including Paul Krugman, a New York Times columnist who won a 2008 Nobel Prize for Economics, have written engagingly and well about the subject. Since economics is both art and science, it offers room for [...]