Ohio Test Prep
Ohio Test Prep: Module 8: Economics Concepts
Ohio Test Prep on fundamental concepts teaches about supply and demand, scarcity, and trade. Includes video tutorials, interactive practice and review, and assessment.
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...
Council for Economic Education
Econ Ed Link: On the Money
In this lesson, learners 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 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 Price of Gasoline: What's Behind It?
For 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: 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: It's a Not So Wonderful Life
In this lesson students learn about banks and banking. The study the fractional reserve system, and the role the Fed plays in the money creation process.
Council for Economic Education
Econ Ed Link: What Causes Inflation?
This lesson plan 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...
Council for Economic Education
Econ Ed Link: Multipliers and the Mystery of the Magic Money
Young scholars learn about the purpose of the reserve requirement, how money is "created" in the economy through fractional reserves, and how the Federal Reserve uses the reserve requirement and loans to correct economic instability.
Council for Economic Education
Econ Ed Link: Economics in the Headlines
Young scholars 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...
Council for Economic Education
Econ Ed Link: Wages and Me
Students explore the reasons for differences in the wages for several occupations. Then students are guided through the Bureau of Labor Statistics website to find information about their potential careers and wage rates nationally and in...
Council for Economic Education
Econ Ed Link: Tapped Dry: How Do You Solve a Water Shortage?
Economists do not operate in a vacuum. If an economist is going to suggest that the price of a good needs to be increased, he or she needs to consider who will bear the increase in costs. Will the costs be distributed equally or will one...
Council for Economic Education
Econ Ed Link: Funny Money or Phony Money?
Money is what we use to show what goods or services are worth. When you do work, you are paid with money. When you sell something, the buyer gives you money. Sometimes it's a lot of money and sometimes it's just a little money. How much...
Council for Economic Education
Econ Ed Link: 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 instructional activity, students will see how these laws fit into this great historical time.
Council for Economic Education
Econedlink: Markets and Prices
This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for a given good or service. The price is the amount of money needed to buy a particular good or service. The website contains an...
Council for Economic Education
Econedlink: Supply
This video teaches the concept of Supply. Supply refers to a relationship between price and the quantity of a good or service that firms are willing to produce. The website contains an interactive quiz and links for related lesson plans.
Council for Economic Education
Econedlink: Price Ceilings and Floors Video and Quiz
This video teaches the concept of Price Ceilings and Floors. A price ceiling is a legally established maximum price while a price floor is a legally established minimum price. The website contains an interactive quiz and links for...
Council for Economic Education
Econ Ed Link: Transportation: They Say We Had a Revolution (Part 1)
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons, the...
Council for Economic Education
Econ Ed Link: What Happened to Railroads?
Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral part of people's lives. In this instructional activity, students assume the role of detectives investigating why the...
Council for Economic Education
Econ Ed Link: Henry Ford and the Model T: A Case Study in Productivity (Part 3)
Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....
University of Nebraska Omaha
Ecedweb: Explorations in Supply, Part Ii
In this economics tutorial, you as a producer have to determine how much of a given product you should make.
US Geological Survey
Usgs: All of Earth's Water in a Single Sphere!
See how all of Earth's water compares to the total size of the Earth.
Council for Economic Education
Econ Ed Link: Deregulation and the California Utilities
"The verdict is in: California's experiment with energy deregulation is not just a mess; it's a certifiable failure, according to everyone from the state governor to the very utilities that initially backed the scheme." This is how...