EFFECT OF VITAMINS C AND E INTAKE ON BLOOD ... - EuroJournals

7. Economic incentives
8. Specialization, comparative advantage and the division of labour
9. Voluntary exchange
10. Interdependence
11. Governmental intervention and regulations
European Journal of Social Sciences - Volume 2, Number 1 (2006)
• Microeconomics: resource allocation and income distribution
12. Market, supply and demand
13. The price mechanism
14. Competition and Market structure
15. "Market Failures": information costs, resource immobility, externalities, etc.
16. Income distribution and government redistribution
• Macroeconomics: economic stability and growth
17. Aggregate supply and productive capacity
18. Aggregate demand: unemployment and inflation
19. Price level changes
20. Money and monetary policy
21. Fiscal policy: taxes, expenditures and transfers
22. Economic growth
23. Savings, investment and productivity
• The world economy
24. International economics
The 1977 framework did not go without criticism. More specifically, on the one hand, Sumansky
(1986) reports that economists such as Boyer allege that it reflects the sovereign ideology of the
business society, the government and the majority of university economists; on the other hand, Helburn
(1985:21) reports that “it does not emphasize model building as a process of abstraction which students
can and should learn how to use; rather, it reinforces the notion, rampant in economics, that models are
mathematical and are created by experts”.
Conclusion
Economic education has made a lot of progress in the last forty years. During this period the bases for
further growth of economic education were put in place. Today the rapid growth of technology offers
new opportunities. The amount of information that could be used by teachers increases with
geometrical progression.
On the one hand, any teacher of economics would be considered particularly lucky with regards
to the amount of educational material that he has in his disposal. As long as people keep abreast of the
daily news, they will notice that at least one to two reported events deal with the economy. Newspapers
dedicate a considerable part of their content to economic events on a daily basis. Very often heir main
news is of an economic nature and the existence of a daily-specialized journal with such breadth of
circulation is most likely unprecedented for an educational subject. In essence, many electronic
strategic games that are set in various historical environments are games of an economic nature, since
the concepts used are economic concepts and the progress of the game is based on the player’s
decision-making. The Internet offers vast amount of economic information.
On the other hand, proper exploitation of all this information is a very difficult challenge.
Solow (1983) stresses that “...to teach Economics is a very big responsibility...” The updating on the
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