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)

Statistical evidence showed that university faculty with relatively few students tend to assign higher grades than would be expected otherwise. The significance of this association must be taken into consideration when evaluating student achievement and faculty performance. (Author/RM)

Practical guidelines for implementing course evaluation systems are suggested. A model to conceptualize course evaluations in the context of the professor's decision-making framework is developed with focus centering upon the allocation of time between teaching and research. Costs and benefits associated with collecting evaluations are considered.…

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)

Focuses on the effect of interest rates on the increased use of credit cards, a popular method of financing households. Uses three models to demonstrate that interest rates must rise, resulting in increased consumption expenditures. (CMK)

Explains why risk aversion does not always induce a greater information value, but instead may induce a lower information value when increased. Presents a basic model defining the concept of perfect information value and providing a numerical illustration. Includes references. (CMK)

Suggests how the classic model of overlapping contracts can be incorporated into the contract wage model of aggregate supply. Illustrates dynamics of macroeconomic adjustment following a shock to aggregate demand. Concludes that overlapping contracts do not prolong the adjustment process; rather, the longest remaining contract determines the time…

Presents a simple classroom simulation of the Lucas supply curve mechanism with rational expectations. Concludes that the exercise has proved very useful as an introduction to the concepts of rational and adaptive expectations, the Lucas supply curve, the natural rate hypothesis, and random supply shocks. (DB)