Robert Schenk, PhD
Derived Demand
A description, examples, and graphs on the subject of "derived demand" are provided.
TED Talks
Ted: Ted Ed: What Causes Economic Bubbles?
During the 1600's, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a...
Council for Economic Education
Econ Ed Link: 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 an increase in demand.
Council for Economic Education
Econ Ed Link: Marketplace: Iraq's Supply and Demand
For 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 effects of low growth in the supply of workers shaped companies' hiring practices and...
Council for Economic Education
Econ Ed Link: Marketplace: Price Increase or Price Gouging?
Learners learn about price-gouging. Using a hypothetical post-disaster example, they will learn more about supply and demand, as well as the complexities associated with price increases in a supply-constrained market.
Other
South Western Learning: Econ News: The Market System Study Guide
South-Western College Publishing offers an outline written as a study guide for an exam, which gives basic definitions of different aspects of a market economy, graphs and examples, and sample study questions at the bottom.
Other
Net Mba Business Knowledge Center: Supply and Demand
This website offers a very simple yet helpful description and example of the interaction of supply and demand, and what will happen to price and quantity when one or both of your supply and demand curves shift. This would be a good place...
Other
The Demand Curve
A great site to begin studying the law of demand. Includes a demand schedule, a demand curve, and the determinants that can cuase your entire demand curve to shift.
Econoclass
Econoclass: Supply and Demand Drill
This classroom activity provides students with many examples of changes in supply or demand.
University of Colorado
University of Colorado: Summary Table of Market Equilibrium
Chart that shows what happens to equilibrium price and quantity when both supply and demand remain constant or shift.
Tutor2u
Tutor2u: Shifts in Market Demand
This is an easy to understand site that presents the law of demand, changes in quantity demanded, and the factors that cause a demand curve to shift. It also discusses how inferior goods and normal goods respond to changes in demand.
University of Minnesota
University of Minnesota: 2.1 Factors of Production: Principles of Economics
The three factors of production-labor, capital, and natural resources. Explain the role of technology and entrepreneurs in the utilization of the economy's factors. Labor is the human effort that can be applied to the production of goods...
Yale University
Yale Global Online: The Hidden Global Trade in Water
Read how the lack of awareness about the massive, invisible water trade has contributed to the global scarcity problem of this important resource.
Council for Economic Education
Econ Ed Link: On the Money
In this lesson plan, students explore what money is and how it differs around the world. They will compare U.S. currency with play money and with foreign currency. They will then use their knowledge to design their own money.
Council for Economic Education
Econ Ed Link: If I Ran the Zoo Economics and Literature
Welcome to the Zoo! In this two-day lesson you will use Dr. Seuss' If I Ran The Zoo book to introduce the economic concepts to your students. You will also get the chance to use actual zoo criteria to help a zoo "choose" new animals.
Council for Economic Education
Econ Ed Link: The Prices Are Changing
This lesson plan will help students to understand how markets are created by the interaction of buyers and sellers, what demand and supply are, what equilibrium price is, and how demand and supply interact with price changes.
Council for Economic Education
Econ Ed Link: The Higher You Climb, the More You Pay
Young scholars will take a "Virtual Tour" of the Eiffel Tower in Paris France and locate the price of a bottle of water at each viewing platform. They will need to problem solve how to pay for admission, buy the water and be able to pay...
Council for Economic Education
Econ Ed Link: 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 of oil and thus the price of gasoline, other factors also influence the price.
Council for Economic Education
Econ Ed Link: Fad or Fortune
This lesson focuses on collectibles and how they retain, lose, or gain value. In each round of a trading simulation, learners will learn more about the value of their collectibles and discuss why items gain or lose value. They will...
Council for Economic Education
Econ Ed Link: How the Crusades Led to the Finding of the New World
The lesson will help students to discover the importance of the Crusades to the expansion of many European countries. Students will also be introduced to new products and find out why explorers were willing to risk all to locate new...
Council for Economic Education
Econ Ed Link: To Buy or Not to Buy
While precise numbers are not known, it is believed the number of boycotts has grown markedly in the past fifty years. Consumers seem to be besieged by requests from special interest groups to refrain from buying certain goods and...
Council for Economic Education
Econ Ed Link: 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 old days when a dollar would buy something. What happened to that dollar? Why won't it...
Council for Economic Education
Econ Ed Link: Fiscal and Monetary Policy Process
Students follow each step of fiscal and monetary policy processes, to see the logic of how these tools are used to correct economic instability.
Council for Economic Education
Econ Ed Link: Economics in the Headlines
Students learn how to identify headlines in the news and current events as illustrations of problems in supply and demand. Students will be linked to news sites to create their own analysis of supply and demand issues in problems facing...