Council for Economic Education
Econ Ed Link: Marketplace: Let's Go Euro!
With the start of the new year in 2002, the 12 members of the European Union launched a single currency across their borders, replacing individual country currencies and singling out the Euro as their one shared monetary denomination....
Council for Economic Education
Econ Ed Link: Exchange Rates and Exchange: How Money Affects Trade
Students learn how currency values are set by supply and demand, and how changes in the value of currency affect international trade. Students then find the value of the Brazilian Real in 2000 and 2002, determine whether the currency has...
Council for Economic Education
Econ Ed Link: The Big Mac Index
How fast can you say "twoallbeefpattiesspecialsaucelettucecheesepicklesonionsonasesameseedbun?" This question was asked of millions of TV viewers in the now famous 1970s McDonald's television commercial promoting the Big Mac.
Council for Economic Education
Econ Ed Link: Why Do We Need Money? Think About Ebay!
The students investigate money--its purpose and functions. They complete an exercise, using the online auction site eBay, to learn why money is critical to an economy.
Khan Academy
Khan Academy: Comparing Gdp Among Countries
GDP per capita is GDP (Gross National Product) divided by population. Since GDP is measured in a country's currency, in order to compare different countries' GDPs, we need to convert them to a common currency. One way to compare...
Calculator Soup
Calculator Soup: Currency Converter
The Currency Converter uses the European Central Bank foreign exchange rates to calculate the conversion of any amount of one currency into the equivalent amount of another currency.