Related Online Lessons

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

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: Oil Is a Slippery Business OPEC is generally seen as the primary institution that controls oil prices. Is that what OPEC really does? Use this lesson to get an overview of th... Grade: 6-8 9-12    Published: 05/22/2002

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

Babysitter Shortage in Washington, D.C. What is responsible for the shortage of babysitters in Washington, DC? Identify the parts of the article which indicate a decrease in supply and a... Grade: 6-8 9-12    Published: 09/22/1997

Related Print Lessons

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 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 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 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 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 ...

Focus: High School Economics Grade: 9-12   Published: 2001 2 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 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...

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...