Examined are the mandates of the Law of the Sea (LOS) Convention (not ratified by the United States), which set aside approximately two-thirds of the world's oceans as a "common heritage of mankind" to further the establishment of a "new economic order." The convention established an International Seabed Authority designed to administer and equitably distribute oceanic mineral resources among both the haves and the have-nots. This paper illustrates, through a brief examination of the LOS Convention's precepts, a few significant questions with which educators might confront students concerning the ocean as one of our last frontiers. For example: Can we afford less than a holistic approach in resource use planning? How are we to meet growing demands by Third World states for an improved standard of living? How can we better understand and cope with differing political-economic views on the right of access to and equity in the benefits of global resources? The first part of the paper discusses the convention's mandates for the use of minerals, living resources, and ocean space. An annotated listing of resources with which to stimulate class discussion concludes the paper. (RM)