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Malaysian Government Introduces Currency Controls In September 1998, the Malaysian government instituted controls in order to protect its currency. How does this affect the prices of goods and serv... Grade: 9-12    Published: 09/14/1998

Why do we need money? Think about Ebay! The students investigate money--its purpose and functions. They complete an exercise, using the online acution site Ebay, to learn why money is critic... Grade: 6-8 9-12    Published: 01/12/2006

Do You Have a Yen to Go to College? Carlos is a senior at local high school. When he graduates, he plans to study computer animation. He has applied to a number of two- year programs, ... Grade: 9-12    Published: 02/25/2000

What causes inflation? This lesson explores different types of inflation and terms associated with this economic concept. You may have heard relatives talk about the good o... Grade: 9-12    Published: 01/12/2006

Collecting for Fun . . . and Profit? Art, baseball cards, coins, comic books, dolls, jewelry and stamps are just a few examples of the many things people collect. While some people col... Grade: 6-8 9-12    Published: 12/27/2004

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Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult   Published: 2004 5 of the 6 lessons are related to this lesson. They are listed below. Section 5: Strategies for Wealth Building Participants will understand the concept of net wealth and how the decisions they make can cause their own net wealth to increase or decrease. Participants will explain why an early start in saving a... Section 6: The Basics of a Market Economy Participants will identify the characteristics of people who build wealth. Participants will recognize the primary features of a market economy including voluntary exchange, private ownership, a pric... Section 3: Managing Credit Participants will identify the advantages and disadvantages of using credit. Participants will recognize what credit is, what it costs, and the basic steps involved in obtaining credit. Participants... Section 2: Financial Institutions Participants identify the advantages and disadvantages of using financial services from alternative financial institutions and services from mainstream banks. Participants identify the services provi... Section 1: Income and Choices Participants will understand the importance of spending less than they receive. Participants will understand how competition based on productivity determines the wages and salaries that people receiv...

Mathematics & Economics: Connections for Life - 9-12 Grade: 9-12   Published: 2001 7 of the 15 lessons are related to this lesson. The top 5 are listed below. Lesson 6: The Mathematics of Linear Economic Shapes: Slopes and Elasticities As was noted in Lessons 1 - 4, a demand curve is used to describe the willingness and ability of buyers to purchase various quantities of goods and services at alternative prices. The visual represent... 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 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 7: The Mathematics of Nonlinear Economic Shapes: The Production Possibilities Curve Because the resources (such as raw materials, minerals, energy, labor, equipment, machinery, etc.) that are used to produce goods and services are limited in their availability, we cannot have all tha... 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...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 3 of the 14 lessons are related to this lesson. They are listed below. Lesson 14 - Exchange Rates: Money Around the World Students participate in two auctions to demonstrate the determination of flexible exchange rates and the need for foreign currency to purchase goods from other countries. In the first auction, the stu... Lesson 10 - The Circular Flow of Economic Activity In this lesson, the students read about market interactions and participate in a simulation. "Econoland" involves transactions between businesses and households in two kinds of markets: product marke... 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...

Focus: High School Economics Grade: 9-12   Published: 2001 3 of the 21 lessons are related to this lesson. They are listed below. 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... Lesson 16: The Circular Flow(s) The circular flow of economic activity is a simplified model of the basic economic relationships in a market economy. This model gives students an overview of how households, businesses, and the gove... Lesson 3: A Classroom Market for Crude Oil Every day in communities all around the nation, decisions are made on what goods and services will be produced, how many will be produced and purchased, and at what prices. How are these decisions ma...

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 5 of the 45 lessons are related to this lesson. They are listed below. Unit 2: Lesson 14 - Secondary Effects: Price Ceilings and Floors Students investigate the consequences of price controls in markets for silver, rock concerts, automobiles, razor clams, and school textbooks. (It would be best to use this lesson after students have p... Unit 2: Lesson 7 - A Silver Market Students participate in a simulation activity that shows how a competitive market works. Although most markets for goods and services are not as competitive as the silver commodity market, the exampl... 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 6 - Why Did Communism Collapse? Students examine and discuss visuals to solve an economic mystery regarding the command system of the Soviet Union.

Mathematics & Economics: Connections for Life - 6-8 Grade: 6-8   Published: 2002 1 of the 12 lessons are related to this lesson. It is listed below. Lesson 1 - Happy Deal? In this lesson, the students learn about currencies used in selected countries. They compare the prices of a Big Macª in different countries and convert the prices into U.S. dollars, using exchange ra...