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Related Online Lessons
 | 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 |
 | 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 |
Related Print Lessons The following lessons come from the Council for Economic
Education's library of print publications. Clicking the publication titles will take you to the Council for Economic Education Store for more detailed information. | Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12 Published: 2003 3 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 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 6 - Why Did Communism Collapse? Students examine and discuss visuals to solve an economic mystery regarding the command system of the Soviet Union. 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...
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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 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 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 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... 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...
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 | 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 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... 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 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 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...
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 | Focus: High School Economics Grade: 9-12 Published: 2001 5 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 4: The Market Never Stands Still Prices of goods and services fluctuate as conditions that influence the behavior of buyers and sellers change. This lesson examines the major reasons for such changes in supply and demand, and the re... 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 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...
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 | 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 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... 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...
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