Carolina K-12
Supply, Demand, and Market Equilibrium
An auction simulation, PowerPoint presentation, and candy M&Ms® are the perfect tools to help your learners understand the concept of supply, demand, and diminishing marginal utility. Here you'll find a thorough lesson plan that...
College Board
2016 AP® Microeconomics Free-Response Questions
How can a bakery—one of several in town—maximize its profits? A case study from College Board asks scholars to consider the question. Other practice queries examine the price and benefits of buying certain goods for one consumer and look...
Council for Economic Education
Great Civilizations Develop around Rivers
If you lived in prehistoric times, what kinds of choices could your family make to increase their chance of survival? By making similar decisions in a simulation game, participants discover how specialization creates both opportunity and...
Council for Economic Education
FRED and the Federal Budget Interactive Lesson
How can a federal debt accumulate over time? The Federal Reserve Economic Data (FRED) dashboard allows scholars to actively research each aspect of the federal budget. In pairs, they analyze economic data to determine the best way to...
Council for Economic Education
Balance of Payments (BOP)
Have you ever checked your clothes to see how many nations created them? Pupils take a deeper look at international trade and the balance of payments nations have with one another. They use calculations, simulations, and primary sources...
Federal Reserve Bank
Prices: The Marketplace’s Communication System
Explore the dual role of prices as signals and incentives, and discover how prices are determined by buyers and sellers in the United States economy.
Curated OER
Balance of Payments (BOP)
Learners work through ten transactions that will help them understand credits and debts on a global scale. They then discuss each transaction in terms of the global economy. An extension activity and discussion questions are included.
Curated OER
The Filing Cabinet
Young scholars discuss and identify the job market in agriculture. They define what is meant by Exploratory SAE and list five possible opportunities in the local community. Finally, students differentiate between improvement and...
Curated OER
United States Postal Service
In this postal service instructional activity, students read a passage regarding the United States postal service and answer 10 multiple choice questions.
Curated OER
Kyoto Protocol
In this environment worksheet, students read an article about setting up the Kyoto Protocol, an international treaty. They identify the meaning of human environment and what the Earth's greenhouse effect is. Students also explain the...
Curated OER
International Trade
Learners, through lecture and discussion, examine the mechanics of exchange in world markets and then at some of the issues nations face as a result of the international character of trade. They participate in an activity that...
Curated OER
Surpluses, Shortages, and Equilibrium
Students review and discuss the meaning of equilibrium. As a class, they participate in a game of "The Price is Right" in which they guess the true market price of various items. They explain how shortages and surpluses tend to force...
Curated OER
Competition and Market Structure
High schoolers participate in a simulation in which some are buyers and some are sellers in a trading activity. They set their own prices and record transactions. Then they calculate who made the biggest profit. They discuss the results.
Sophia Learning
Sophia: Prices and Equilibrium
Through a series of resources, students use the concept of demand and supply to explain how free market prices and quantities are established, define equilibrium, and understand the idea of shortage and surplus.
iCivics
I Civics: Government Spending
This lesson focuses on a variety of topics related to government spending, including the federal budget, mandatory versus discretionary spending, and government debt.
Robert Schenk, PhD
Saint Joseph's College: Supply and Demand Buyer Equilibrium
Summarizes buyer equilibrium. Then click Next button at the bottom to learn about seller equilibrium as well as shortages & surpluses.
University of Washington
Complex Dynamics in a Model of Economic Specialization [Pdf]
This article provides an in-depth study of how and why there is specialization by workers in an economy, with considerable attention given to the philosophies of Adam Smith.
Robert Schenk, PhD
Saint Joseph's College: Shortages and Surpluses
This site provides easy to understand examples of shortages and surpluses, and what each looks like on a supply and demand graph.
University of Colorado
University of Colorado: Demand, Supply, and Markets
This site discusses in great detail the differences between demand, supply, and markets. Useful economic terminology is identified in bold.
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
Concord Coalition
This homepage is for the Concord Coalition, a bipartisan organization founded by Senators Rudman and Tsongas in 1992 to promote a balanced federal budget, in light of the failure of the Gramm-Rudman-Hollins Act. It advocates putting the...
Council for Economic Education
Econ Ed Link: Supply and Demand, Lessons From Toy Fads.
The concepts of supply and demand and related terms are taught through stories about the toy fads of Hula Hoops and Silly Bandz. In 1958, Wham-O, Inc. began marketing the Hula Hoop in the United States and sales of the Hula Hoops...
Khan Academy
Khan Academy: The Effect of Government Interventions on Surplus
Practice what you have learned about the impact of price controls and quotas on consumer surplus, producer surplus, total surplus, and dead-weight loss in this four-question exercise.
Wikimedia
Wikipedia: Price Floor
Explains, using graphs, how a price floor work, and how an effective price floor will create a surplus in a market.