How to fix electric oven with no heat & NO fan?

Dear All:
I was hoping someone could help me with my oven problem. I have a n electric oven which started only producing cool air when I turned it on. However, now nothing happens - no fan, no heat - dead. I know the electrics to the oven are working because the digital clock on the front is still working.
Any ideas what the problem could be and how I could fix it?
Peoply have said I need a new element - but will that take care of the fan problem as well?
It is an ELBA PX906.
I appreciate any help I can get to avoid having to call someone in!!
Thanks! JML