Related Online Lessons

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

Deregulation and the California Utilities “The verdict is in: California’s experiment with energy deregulation is not just a mess; it’s a certifiable failure, according to... Grade: 9-12    Published: 09/25/2001

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

Marketplace: Price Increase or Price-Gouging? Students learn about price-gouging. Using a hypothetical post-disaster example, they will learn more about supply and demand, as well as the complexit... Grade: 9-12    Published: 06/23/2008

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

Related Print Lessons

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 1 of the 45 lessons are related to this lesson. It is 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 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 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 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...

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 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 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 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...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 2 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...

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 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...

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 10 - Where Does the Price of Pizza Come From? Part 1 This lesson challenges students to identify the source of market prices. The students will complete a series of activities that represent supply and demand. In Activity 10.1, the students are asked to...