What is Driving the High Oil Prices?
"High oil prices are here to stay due to heightened political risks, irresponsible behavior by oil-producing governments and growing global demand outside U.S. control. Oil is a finite resource which is produced by a partially cartelized imperfect market. Consumer countries should expand cooperation in order to level the playing field and reduce prices by increasing investment and production, promoting conservation, and diminishing geopolitical risks. Yet, in the long term, high demand, inadequate supply and severe geopolitical risks combine to make oil a problematic transportation fuel."
more fromwww.heritage.org
Economis Timeline: Econ 101.5
From "econteacher.com" is a really cool timeline of the history of Economic thought, from Adam Smith to the Apple Computer. This website was created by a veteran Econ teacher and has some interesting bits for students and teachers of the "dismal science".
more fromeconteacher.com
Guns versus butter model - Wikipedia, the free encyclopedia
"Guns vs. Butter" from Wikipedia. Read more about the model used by many econ teachers to demonstrate the concept of tradeoffs, opportunity costs, production possibilities curve...
more fromen.wikipedia.org
BizEd - In the News stories
A regular update of news stories relevant to principles of
economics students from the ever popular BizEd site... just found this
this week, might be an interesting resource for Econ teachers
more fromwww.bized.co.uk
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