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I'll Trade You a Bag of Chips, Two Cookies, and $60,000 for Your Tuna Fish Sandwich Okay, so your tuna fish sandwich probably isn't worth a couple grand. It's most likely made with a type of tuna called albacore. But, on the docks ... Grade: 9-12    Published: 11/04/1999

Henry Ford and the Model T: A Case Study in Productivity (Part 3) When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, it is doubtful even he realized the far reachi... Grade: 6-8 9-12    Published: 01/15/2008

Traditional Economies and the Inuit The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have taught their children the... Grade: 9-12    Published: 01/12/2010

Marketplace: The Trouble with Truffles In this lesson students listen to an audio file about the scarcity of French truffles in 2004; the file explains how this scarcity affected French buy... Grade: 6-8 9-12    Published: 07/30/2008

Marketplace: Iraq's Supply and Demand In this lesson, students listen to an audio file about how the growing demand for workers in Iraq in May 2004 affected the job market, and how the eff... Grade: 9-12    Published: 07/30/2008

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Mathematics & Economics: Connections for Life - 9-12 Grade: 9-12   Published: 2001 5 of the 15 lessons are related to this lesson. They are listed below. Lesson 5: The Gains From Trade This lesson is an application of the supply and demand tools developed in lessons 1-4. In the earlier lessons, models of supply and demand were introduced to show students how (equilibrium) prices are... Lesson 4: Understanding the Mathematics of Changes in Supply and Demand This lesson asks students to look at the factors that cause a change in supply and/or a change in demand. Many factors influence the amount of a product that people are willing and able to purchase at... Lesson 1: The Nature of Demand This lesson develops the economic tool of demand. Demand is determined by the value that people attach to a product (a good or a service). A demand curve is a graph with a negative slope that lies in ... Lesson 3: Equilibrium: Determining Prices and Quantities Supply and demand affect the prices people pay and the quantities they exchange in a market economy. Equilibrium is said to occur at the point at which quantity supplied equals quantity demanded. This... Lesson 2: The Nature of Supply This lesson develops the economic tool of supply. Supply is determined by the willingness and ability of producers to sell a product (a good or a service) at different prices. A supply curve is a grap...

Focus: High School Economics Grade: 9-12   Published: 2001 2 of the 21 lessons are related to this lesson. They are listed below. Lesson 5: Markets Interact Supply and demand analysis is most often used to show the impact of market changes on equilibrium price and quantity for a particular good or service. But it can also be used to show how changes in o... Lesson 6: Price Controls -- Too High or Too Low Sometimes governments interfere with market forces by establishing minimum prices or maximum prices for specific goods and services. Examples of such legal price controls include minimum prices for m...

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 4 of the 45 lessons are related to this lesson. They are listed below. Unit 2: Lesson 10 - Equilibrium Prices and Equilibrium Quantities In examining a visual about the market for yo-yos, students think through the process of mutual accommodation among buyers and sellers that results in an equilibrium price. Students then complete an ... Unit 2: Lesson 13 - How Markets Allocate Resources Students read I, Pencil, by Leonard Read, to gain an understanding of Adam Smith's concept of the invisible hand of the marketplace. Students see that a system of market prices brings about cooperati... Unit 2: Lesson 8 - A Picture Is Worth a Thousand Words: Demand This lesson asks students to analyze the relationship between changing prices and changes in consumer behavior, to create and understand the demand schedule graph, and to identify how various determin... Unit 2: Lesson 9 - A Picture Is Worth a Thousand Words: Supply Students analyze the relationship between changing prices and changes in producer behavior. They create a supply schedule graph to represent this relationship. They observe changes in determinants o...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 1 of the 14 lessons are related to this lesson. It is listed below. Lesson 7 - A Market in Wheat Students participate as buyers or sellers in a simulation that shows how a competitive market works. They determine individual profits or losses from market transactions. They use data from the simula...