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


Economic Spotter: Supply and Demand at the Gold Rush
During the Gold Rush, people paid exorbitant prices for ordinary objects. Why? Because of the laws of supply and demand, that's why! In the lesson,...
Grade: 3-5 6-8    Published: 07/23/2002


The Prices Are Changing
This lesson will help students to understand how markets are created by the interaction of buyers and sellers, what demand and supply are, what equili...
Grade: 6-8    Published: 06/11/2009


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


The Price of Gasoline: What's Behind It?
In this lesson, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price...
Grade: 6-8    Published: 07/21/2006


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.

Mathematics & Economics: Connections for Life - 6-8Mathematics & Economics: Connections for Life - 6-8
Grade: 6-8   Published: 2002
2 of the 12 lessons are related to this lesson. They are listed below.


Lesson 11 - Where Does the Price of Pizza Come From? Part 2
In this lesson students continue to examine where prices come from (see Lesson 10), applying the concepts of supply, demand, and equilibrium. Students will examine changes within a market for pizza ut...
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...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource ManualChoices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual
Grade: 5-6   Published: 2001
1 of the 15 lessons are related to this lesson. It is listed below.


Unit 2: Lesson 5 - How Can I Improve My Ability to Produce What People Want?
Students read about the life and career decisions of Philip Simmons, a blacksmith and artist from Charleston, South Carolina. They analyze the skills and knowledge Mr. Simmons used to make different...

Mathematics & Economics: Connections for Life - 9-12Mathematics & Economics: Connections for Life - 9-12
Grade: 9-12   Published: 2001
1 of the 15 lessons are related to this lesson. It is listed below.


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 ...

Financial Fitness for Life: Shaping Up Your Financial Future - Grades 6-8 - Teacher GuideFinancial Fitness for Life: Shaping Up Your Financial Future - Grades 6-8 - Teacher Guide
Grade: 6-8   Published: 2001
1 of the 17 lessons are related to this lesson. It is listed below.


Theme 2: Lesson 3 - Career Choice Making
In this lesson, the students learn that career choices are easier to make if they understand the job market, recognize their own aptitudes, and realize the relationship between marketable skills and w...

 

 
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