College faculty may be able to improve their teaching effectiveness by a reallocation of the inputs devoted to teaching (e.g., using student evaluations early in the course), by increasing the level of the resources used in teaching, or by changing the characteristics of the inputs (teaching practicums, seminars, or sabbaticals). (Author/RM)

Shows how the Cournot-Nash and Stackelberg equilibria can be represented in the familiar supply-demand graphical framework, allowing a direct comparison with the monopoly, competitive, and industrial organization models. This graphical analysis is represented throughout the article. (MJP)

Presents a diagram for figuring the value of time into an individual's labor-supply decisions and the time intensiveness of the individual's consumption patterns. Seeks to make the integration of differing time values with leisure income choices more understandable for students. (DK)

Observes that, before 1973, determining a valuation formula for option prices was an elusive goal of financial economics. Discusses Louis Bachelier's early twentieth-century work on the problem. Notes that Bachelier derived a normal distribution for stock price movements by modeling price changes in specific way. Reviews Bachelier's option pricing…

Identifies sources of ambiguity in economics textbooks' discussion of the condition for efficient output mix. Points out that diverse statements without accompanying explanations create confusion among students. Argues that conflicting views concerning the concept of Pareto optimality as one source of ambiguity. Suggests clarifying additions to…