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Niederjohn, M. Scott; Holder, Kim – Social Education, 2019
Can teachers promote true economic understanding among students by adding a dose of psychology? Fans of behavioral economics, with its unique blend of psychology and economics, think so. Blending a bit of behavioral economics into social studies lessons provides answers to the ever-present questions that permeate every classroom,"What does…
Descriptors: Consumer Economics, Economics Education, Social Studies, Bias
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Clark, J. R.; Niederjohn, M. Scott; Wood, William C. – Social Education, 2018
The cryptocurrency Bitcoin has been prominently featured in the news recently. Its ascension in value has been nothing short of extraordinary. This article briefly explains what Bitcoin is and how it works. The more challenging question is what Bitcoin--this cryptographic breakthrough--really is: currency, like the U.S. dollar, an asset, more like…
Descriptors: Monetary Systems, Definitions, Computer Networks, Consumer Economics
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Niederjohn, M. Scott; Schug, Mark C.; Wood, William C. – Social Education, 2014
"One who rides a tiger is afraid to dismount," says a colorful proverb from an earlier time. This may be an apt saying for the situation facing the new head of the Federal Reserve, Janet L. Yellen, who takes over at a time when successive rounds of Fed policy have taken the central bank into uncharted territory. By historical standards,…
Descriptors: Macroeconomics, Economic Change, Economic Development, Economic Impact
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Niederjohn, M. Scott; Schug, Mark C.; Wood, William C. – Social Education, 2013
This article represents the third in a "ghost story" series by the same authors. Readers may recall that Mr. Bernanke was "visited" by the ghosts of Adam Smith and John Maynard Keynes in the March/April 2010 issue of "Social Education" as these two famous economists debated the economic recovery (see EJ878912). Mr.…
Descriptors: Economic Climate, World History, Financial Policy, Public Policy
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Niederjohn, M. Scott; Schug, Mark C.; Wood, William C. – Social Education, 2011
The U.S. economy today has been in recovery since 2009. But nearly everyone agrees that the recovery is anemic--too slow to reduce the high level of unemployment. Real Gross Domestic Product (GDP)--the total value of all the goods and services produced in the United States--increased at an annual rate of 2.8 percent in the fourth quarter of 2010.…
Descriptors: Unemployment, Economic Progress, Banking, Employment Patterns
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Niederjohn, M. Scott; Schug, Mark C.; Wood, William C. – Social Education, 2010
The U.S. economy took a historic nosedive in 2007-2010. It was the worst downturn since the Great Depression of the 1930s. However, evidence is emerging which suggests the country is in the midst of an economic recovery. In February 2010, the U.S. Commerce Department reported that GDP rose at a 5.9 percent annual rate in October through December…
Descriptors: Economic Climate, Financial Problems, Economic Change, Economic Development