Skip to Content
Krannert Purdue Logo

Publications


Forthcoming Publications

  • Watts, Michael New and Enduring Topics and Trends in Economic Education Research. Korean Journal of Economic Education,
  • Watts, Michael & Christopher, Chineze Using Art (Paintings, Drawings, and Engravings) to Teach Economics. Journal of Economic Education,
  • Watts, Michael What Editors Do and Want Us to Know. Experiences of Journal Editors,
  • Watts, Michael with Becker, William E. & Bosshardt, William Economics Coursework in BA and BS Degrees. American Economic Review,

Journal Articles

  • Watts, Michael with Bosshardt, William & Becker, William E. (2012). How Departments of Economics Evaluate Teaching. Journal of Economic Education, (43), 325-33.
  • Watts, Michael with Allgood, Sam; Bosshardt, William & van der Klaauw, H. Wilbert (2012). Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors?. Journal of Economic Education, (43), 248-68.
  • Watts, Michael with Schaur, Georg & Becker, Willam E. (2012). School, Department, and Instructor Determinants of Assessment Methods in Undergraduate Economics Courses. Eastern Economic Journal, 381-400.
  • Watts, Michael with Siegfried, John J. & Walstad, William B. (2012). Changing the Landscape of Economic Education: An annual AEA Conference Co-Sponsored by the Journal of Economic Education. Journal of Economic Education, vol. January-March 1-3.
  • Watts, Michael (2012). Report of the Committee for Economic Education for 2011. American Economic Review, vol. 102 (2) 691-96.
  • Watts, M., Harter, C. and Becker, W (2011). Time Allocations and Reward Structures for Academic Economists from 1995-2005: Evidence from Three National Surveys. International Review of Economics Education, vol. Autumn-Winter 6-27.
  • Watts. M., Allgood, S., Bosshardt, W., & van der Klaauw, H.W (2011). Economics Coursework and the Long-Term Behavior and Experience of College Graduates in Labor Markets and Personal Finance. Economic Inquiry, vol. July 774-94.
  • Watts, Michael (2011). Report of the Committee for Economic Education for 2010. American Economic Review, Available in EconLit as part of the online supplement for the annual AER proceedings. vol. 100 (2) 61-68.
  • Watts, Michael with Miller, Ben (2011). Oh, the Economics You'll Find in Dr. Seuss!. Journal of Economic Education, vol. April-June 147-67.
  • Watts, Michael with Schaur, Georg (2011). Teaching and Assessment Methods in Undergraduate Economics: A Fourth National Quinquennial Survey. Journal of Economic Education, vol. July-September 294-309.
  • Schaur, G. & Watts, M (2010). Not Such Innocents Abroad?. Journal of Economic Education, vol. January-March 3-14.
  • Watts, M. & Walstad, William (2010). Economic Education in an International Context. Journal of Economic Education, vol. October-Decembe 410-12.
  • Watts, Michael with Guest, Ross (2010). Experimental Economics and Economic Education. International Review of Economics Education, vol. 2 6-9.
  • Watts, Michael (2010). Report of the Committee for Economic Education (2009). American Economic Review Review, vol. 100 (2) 699-703.
  • Watts, M., Schaur, G. & Becker, W. (2008). Assessment Practices and Trends in Undergraduate Economics Courses. American Economic Review: Papers and Proceedings, 552-58.
  • Watts, M. & Bosshardt, W (2008). Undergraduates Students and Coursework in Economics: Results from the Baccalaureate and Beyond Study. Journal of Economic Education, 198-205.
  • Watts, M. & Becker, W. (2008). A Little More than Chalk and Talk: Results from a National Survey. Journal of Economic Education, vol. Summer 273-86.
  • Watts, M. (2007). A Brief History and Research Review of U.S. Precollege Economic Education. Korean Journal of Economic Education, Summer, 143-68.
  • Michael Watts (2006). The Play's the Thing to Help Teach Economics-and the Poem, Short Story, and Novel. Econ-Exchange, vol. 10 (2), 1-5.
  • Watts, M., & Walstad, W. (2005). Closing an Economic Education Conference in OZ. Journal of Economic Education, vol. 36 (Summer), 306-08.
  • Watts, M. & Bosshardt, W. (2005). Teachers' Undergraduate Coursework in Economics in the Baccalaureate and Beyond Longitudinal Study. Journal of Economic Educatoin, vol. 36 (Fall), 400-06.
  • Watts, M., Allgood, S., Bosshardt, W., & van der Klaauw, H. (2004). What Students Remember and Say About College Economics Years Later. American Economic Review, (May), 259-65.
  • Watts, M. (2004). What the Empirical Research Tells Us About Precollege Economic Education and Developing Economic Education Curriculum and Materials. Continuing Education in Ukraine, Central Post-Diploma Institute, Kiev. (Fall), 13-16, 16-19, 5.
  • Watts, M., Harter, C., & Becker, W. (2004). Changing Incentives and Time Allocations for Academic Economists: Results From 1995 and 2000 National Surveys. Journal of Economic Education, vol. 35 (Winter), 89-97.
  • Watts, M. (2003). Is Sexy Economics and Economics Teaching Necessary or Sufficient?. Southern Economic Journal, (July), 214-19, 223-25.
  • Watts, M. (2002). How Economists Use Literature and Drama. Journal of Economic Education, vol. 33 (Fall), 377-86.
  • Watts, M., & Bosshardt, W. (2001). Comparing Student and Instructor Evaluations of Teaching. Journal of Economic Education, vol. 32 (Winter), 3-17.
  • Watts, M., & Kovzik, A. (2001). Reforming Undergraduate Instruction in Russia, Belarus, and Ukraine. Journal of Economic Education, vol. 32 (Winter), 78-92.
  • Watts, M., Salemi, M., Siegfried, J., Sosin, K., & Walstad, W. (2001). Research in Economic Education: Five New Initiatives. American Economic Review, 440-45.
  • Watts, M., & Becker, W. (2001). Teaching Economics at the Start of the 21st Century: Still Chalk and Talk. American Economic Review, 446-51.
  • Watts, M., & Becker, W. (2001). Teaching Methods in U.S Undergraduate Economics Courses. Journal of Economic Education, vol. 32 269-79.
  • Watts, M., Schug, M., & Buckles, S. (2001). A National Survey of State Assessment Practices in the Social Studies: Results from a National Survey. The Social Studies, 141-46.
  • Watts, M., & Becker, W. (1999). How Departments of Economics Evaluate Teaching. American Economic Review, 344-49.
  • Watts, M., Lay, C., & Becker, W. (1999). Who Teaches Using More Than Chalk and Talk?. Eastern Economic Journal, 343-56.
  • Watts, M., Schug, M., & Buckles, S. (1999). How Well Do the Standards Work Together? An Analysis of the Economic Content of Four National Standards for Social Studies. Children's Social and Economic Education: An International Journal, vol. 2 (3), 145-157.
  • Watts, M. (1998). An American Economic Educator in the Former Soviet Bloc. Economic Awareness, (December), 10-15.
  • Watts, M., & Buckles, S. (1998). National Standards in Economics, History, Social Studies, Civics, and Geography: Complementarities, Competition, or Peaceful Coexistence?. Journal of Economic Education, vol. 29 157-66.
  • Watts, M. (1998). Who Values Economic Literacy?. The Region, Federal Reserve Bank of Minneapolis, 44-48.
  • Watts, M., & Harris, R. (1998). What Social Studies Teachers Should Know About the Transition Economies. The Social Studies, 246-48.
  • Watts, M., & Buckles, S. (1997). An Appraisal of Economics Content in the History, Civics, Social Studies, and Geography National Standards. American Economic Review, 254-59.
  • Watts, M., & McCorkle, S. (1996). Free Riding Indexes for Ukrainian Economics Teachers. Journal of Economic Education, vol. 27 233-37.
  • Watts, M., & Becker, W. (1996). Chalk and Talk: A National Survey on Teaching Undergraduate Economics. American Economic Review, 448-53.
  • Watts, M., & Becker, W. (1995). Teaching Methods in Undergraduate Economics. Economic Inquiry, 692-700.
  • Watts, M., & Bosshardt, W. (1994). Instructor Effects in Economic Education: Panel Data Estimates from Elementary and Middle Schools. Journal of Economic Education, vol. 25 195-211.
  • Watts, M., & Meszaros, B. (Eds.) (1993). Economic Education: A Retrospect and Outlook After 45 Years. International Journal of Social Education, 77-86.
  • Watts, M., & Highsmith, R. (1992). International Economics in U.S. High Schools: Results From a National Survey. Journal of Economic Education, vol. 23 291-315.
  • Watts, M., & Bosshardt, W. (1991). How Instructors Make a Difference: Panel Data Estimates from Principles of Economics Courses. Review of Economics and Statistics, 336-40.
  • Watts, M., & Bosshardt, W. (1990). Instructor Effects and Their Determinants in Pre-College Economic Education. Journal of Economic Education, vol. 21 265-76.
  • Watts, M. (1989). The Fortune 500 and 'Obscene' Profits. Focus on Economic Issues series, Purdue University Center for Economic Education,
  • Watts, M., & Smith, R. (1989). Economics in Literature and Drama. Journal of Economic Education, vol. 20 291-307.
  • Watts, M., & Lynch, G. (1989). The Principles Courses Revisited. American Economic Review, 236-41.
  • Watts, M. (1989). The Outlook for the Greater Lafayette Economy: 1990. Indiana Business Review, 10-11.
  • Watts, M. (1989). Social Studies Coordinators and a K-12 Program in Economic Education. Theory and Research in Social Education, 53-68.
  • Watts, M., Brenneke, J., Highsmith, R., Soper, J., & Walstad, W. (1988). A Research and Evaluation Agenda for DEEP and Precollege Economic Education. Journal of Economic Education, vol. 19 5-13.
  • Watts, M. (1987). Ideology, Textbooks, and the Teaching of Economics. Theory Into Practice, 190-97.
  • Watts, M. (1987). Student Gender and School District Differences Affecting the Stock and Flow of Economic Knowledge. The Review of Economics and Statistics, 561-66.
  • Watts, M. (1987). Survey Data on Pre-College Scope-and-Sequence Issues in Economics. Journal of Economic Education, vol. 18 71-91.
  • Watts, M., & Troyer, R. (1986). Enduring Constitutional Issues: The Economic Role of Government and Coining Money. The Senior Economist, Joint Council on Economic Education, 10-12.
  • Watts, M. (1986). Reviews of Secondary [Economics] Textbooks. Curriculum Review, vol. 26 24-28.
  • Watts, M., & Walstad, W. (1985). Economics Instruction in Our Schools. The Balance Sheet, vol. 66 11-14.
  • Watts, M., & Walstad, W. (1985). Teaching Economics in the Schools: A Review of Survey Findings. Journal of Economic Education, vol. 16 135-46.
  • Watts, M. (1985). A Statewide Assessment of Pre-College Economic Understanding and DEEP. Journal of Economic Education, 225-37.
  • Watts, M. (1985). Economic Policy and the Lives of Contemplation, Civic Humanism, Collectivism, and Individualism. International Journal of Social Economics, vol. 12 (6/7), 54-67.
  • Watts, M. (1985). School District Inputs and Biased Estimation of Educational Production Functions. Journal of Economic Education, vol. 16 281-85.
  • Watts, M., & Walstad, W. (1984). A Response to Romanish: Ideological Bias in Secondary Economics Textbooks. Theory and Research in Social Education, vol. 11 25-35.
  • Watts, M., & Smith, R. (1983). Teaching Economics? Use Classic Literature. Social Education, vol. 47 49-51.
  • Watts, M. (1982). Economic Education Is Working. Indiana School Board Association Journal, vol. 28 13-14.
  • Watts, M. (1981). The Non-Rational Domain and the Limits of Economic Analysis: Comment. Southern Economic Journal, vol. 47 1120-22.
  • Watts, M. (1981). Reaganomics, A New Look in New Frontiers. The Purdue Alumnus, vol. 69 5-7, 38.
  • Watts, M., & Silvia, J. (1981). Money, Banking and Economic Stabilization Polices. Innovative Ideas in Introductory Economics, vol. 2 10-13.

Books

  • Watts, M., Walstad, W., & Rebeck, K. (2007). Test of Understanding in College Economics Examiner's Manual, 4th ed. National Council on Economic Education,
  • Watts, M. and Walstad. W. (2006). What Works: A Review of Research on Outcomes and Effective Program Delivery in Precollege Economic Education. National Council on Economic Education, New York.
  • Watts, M., McCorkle, S., Meszaros, B., & Suiter, M. (2003). The Wide World of Trade. National Council on Economic Education,
  • Watts, M. (2003). The Literary Book of Economics: Economic Concepts, Issues, and Themes in Literature and Drama. ISI Books,
  • Watts, M., Siegfried, J., Meszaros, B., Smith, R., Walton, G., Wentworth, D., Charkins, J., Highsmith, R., McCreadie, D., & Hanlon, N. (1997). Voluntary National Standards for K-12 Economic Education. National Council on Economic Education,
  • Watts, M. (1992). An Introduction to Microeconomics. Hayden-McNeil Publishing, Inc.,
  • Watts, M. (1992). What is a Market Economy?. U.S. Information Agency, | Related Website |
  • Watts, M. (1988). Economics: What and When? Scope and Sequence Guidelines. Joint Council on Economic Education,
  • Watts, M., Walstad, W., Smith, R., & McConnell, C. (1987). Test Bank II and Instructor's Manual. McGraw-Hill Book Company,
  • Watts, M. (1987). The American Economic System. Laidlaw Brothers of Macmillan, Inc, vol. 3rd
  • Watts, M., & Smith, R. (1982). Investing For Your Future: A Simulation on Economic Forces and the Stock Market. Louisiana Council on Economic Education,
  • Watts, M., & Smith, R. (1980). Economics in Literature and Drama. LSU Program in Economic Education,
  • Watts, M., & Smith, R. (1977). Free Enterprise and the American Economy. LSU Program in Economic Education,

Book (edited)

  • Watts, M.; Yamaoka, M.; Walstad, W.; Asano, T.; and Abe, S. (2010). Comparative Studies on Economic Education in Asia-Pacific Region. Shumpusha Publishing,
  • Watts, M., Becker, W., & Becker, S. (2006). Teaching Economics: More Alternatives to Chalk and Talk. Edward Elgar Publishing,
  • Watts, M., & Walstad, W. (2002). Reforming Economics and Economics Teaching in the Transition Economies: From Marx to Markets in the Classroom. Edward Elgar Publishing,
  • Watts, M., & Becker W. (1998). Teaching Economics to Undergraduates: Alternatives to Chalk and Talk. Edward Elgar Publishing,
  • Watts, M., & Smith, R. (1980). Supply-Side Economics. Random House,

Book Chapters

  • Colander, D. & McGoldrick, K.M. (2010). Preface, Educating Economists: The Teagle Discussion on Re-evaluating the Undergraduate Economics Major. Edward Elgar Publishing, i-v..
  • M. Watts ; Walstad, W.; and Rebeck, K. (2010). The U.S. Test of Economic Understanding in College Economics: Revisions and Results. Shumpusha Publishing, 3-29.
  • Watts, M (2010). Cross-Country Outcomes and Issues from the Cooperative Education and Exchange Program. Council on Economic Education, New York.
  • Watts, M. and Walstad, W (2010). What Research Tells Us About Teaching Precollege Economics. Teaching Economics in Troubled Times: Theory and Practice for Secondary Social Studies, Routledge. 200-12.
  • Michael Watts with Yamoaoka, Michio; Walstad, William; Asano, Tadayoshi; & Shintaro, Abe (2010). Comparative Studies on Economic Education in Asia-Pacific Region. Shumpusha Publishing, Toyko, 157-83.
  • Watts, M. (2006). Team Term Papers and Presentations. Edward Elgar Publishing, 151-69.
  • Watts, M. (2003). Autobiographical Career Sketch. Edward Elgar Publishing, vol. 4th 870 - 872.
  • Watts, M., & Walstad, W. (2000). A Research Agenda in Economic Education for the Transition Economies. Economics and Business Education Association,
  • Watts, M., Walstad, W., & Bosshardt, W. (1998). The Principles of Economics Textbook: A Content Review and Suggestions on Classroom Usage. Irwin/McGraw-Hill, 185 - 205.
  • Watts, M., Becker, W., & Walstad, W. (1996). Economic Issues from the Perspective of Economists, Economic Educators, Teachers, and Journalists. Economics and Business Education Association, 253-265.
  • Watts, M. (1995). Basic Economic Concepts and Institutions Related to Saving, Investing, Risk, the Stock Market, and Productivity. Indiana Council for Economic Education,
  • Watts, M., Becker, W., & Walstad, W. (1994). A Comparison of the Views of Economists, Economic Educators, Teachers, and Journalists on Economic Issues. Kluwer Academic Publishers, 65-87.
  • Watts, M. (1994). Economists' Ideological Conflicts and Consensus on Economic Issues, and Their Implications for Economic Education. Kluwer Academic Publishers, 47-64.
  • Watts, M. (1992). The Cases Against Economic Education. Georgia State University Press, 105-130.
  • Watts, M. (1991). Research on DEEP: The First 25 Years. National Education Association/Joint Council on Economic Education, 81-98.
  • Watts, M. (1990). Economics on Wall Street. Indiana Council for Economic Education,
  • Watts, M., & Walstad W. (1990). The Principles of Economics Textbook: History and Content. McGraw-Hill, 141-60.
  • Watts, M. (1987). Diminishing Marginal Utility and Saturation Points. Scott, Foresman, and Company, vol. 3rd 226, 108.
  • Watts, M. (1986). Empirical Evidence on Economic Literacy in the Schools. Longman Group, 196-215.
  • Watts, M. (1986). Comments on Measuring Economic Attitudes. Longman Group, 107-109.
  • Watts, M. (1985). The Current Status of Economics in the K-12 Curriculum. National Education Association, 8-20.
  • Watts, M. (1980). How Indianapolis Teachers Rate the Trade-Offs Film Series. Joint Council on Economic Education/Canadian Foundation on Economic Education, 7-9.

Book Review

  • Watts, Michael; edited by Siegfried, John (2011). Review of "Better Living through Economics". Journal of Economic Literature, 129-33.
  • C. Cullingford and S. Gunn (2007). Globalisation, Education and Culture Shock. Citizenship, Social and Economics Education, Aldershot, UK. 7 (3), 218-19.
  • Watts, M. (1989). Review of Econometric Modeling in Economic Education Research. Journal of Economic Education, 223-27.
  • Watts, M (1981). Economic Thought and Social Change. Review of Social Economy, vol. 39 94-97.
  • Watts, M (1981). The Roots of Black Poverty: The Southern Plantation Economy After the Civil War. Review of Social Economy, vol. 39 90-92.
  • Watts, M (1979). After Industrial Society: The Emerging Self-Service Economy. Review of Social Economy, 245-46.

Other Publications

  • M. Watts, 1991 Made in Lafayette: A Database and Instructional Materials on the Greater Lafayette Economy.
  • M. Watts, Developed by the Indianapolis Civic Theater, 1992 Let's Get Cents-able: A Teacher's Guide for an Economic Play.
  • M. Watts, Internal Revenue Service/Agency for Instructional Technology/Joint Council for Economc Education, 1984 A Guide to Tax Whys: Understanding Taxes.
  • Watts, M., Buckles, S. & Freeman, V., Internal Revenue Service/Agency for Instructional Technology/Joint Council on Economic Education, 1984 A Workshop Leader's Handbook Accompany Tax Whys: Understanding Taxes.
  • Watts, M. & Smith, R., Vol. 1, No. 3, January-February 1978, 16 pages American Enterprise Teaching Notes.
  • Watts, M., Smith, R., Gordon, S.,1982 Investing for Your Future, a computer simulation included in Indiana Stock Market Game Advisor’s Manual.
  • M. Watts, 1994 Moscos Nights, and More....
  • M. Watts, Lynch, G., Wentworkd, D. et. al.,1998, National Council on Economic Education, Ukrainian translation, 2000 Focus: International Economics.
  • M. Watts, National Council on Economic Education, 2003. Translated into Russian, 2xxx Focus: Institutions and Markets.
  • M. Watts, Ed., Hummels, D., Bosshardt, W., Meszaros, B., Odorzynski, S. & VanFossen, P., New York: National Council on Economic Education, 2006 Focus: Globalization.
  • M. Watts, Froedtert Hospital and Medical College of Wisconsin, Summer, 2003, p. 2 An ABI Recipient, Soundwaves.
  • M. Watts, National Council on Economic Education, 2001. Ukrainian translation, 2002 Focus: Economics Systems.
  • M.Watts, approx. 120 pages The U.S. Economy in Microsoft Encarta 2000.
  • M.Watts, 2001, Editor and co-author of the 1st edition in 1995 (with Sarapage McCorkle, Bonnie Meszaros, Robert F. Smith, and Robert J. Highsmith). Translated and published in Russian, 1998; Ukrainian, 1999; and Kyrgyz, 2004 Focus: High School Economics.
  • Watts, M. Report of the Committee on Economic Education (2009) 100(2).