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...
Khan Academy
Khan Academy: How the Ad/as Model Incorporates Growth, Unemployment, Inflation
The aggregate demand/aggregate supply, or AD/AS, model is one of the fundamental tools in economics because it provides an overall framework for bringing economic factors together in one diagram. These factors include economic growth,...
Khan Academy
Khan Academy: Keynes' Law and Say's Law in the Ad/as Model
Compare Keynes's and Say's law in the context of aggregate supply and demand.
Khan Academy
Khan Academy: Changes in Equilibrium Price and Quantity: The Four Step Process
Analyze some step-by-step examples of shifting supply and demand curves. This resource is designed for students who are taking a college-level microeconomics course.
Khan Academy
Khan Academy: Market Equilibrium
The actual price you see in the world is a balancing act between supply and demand.
Khan Academy
Khan Academy: Lesson Summary: Changes in the Ad as Model in the Short Run
In this lesson summary review and remind yourself of the key terms and graphs related to changes in the AD-AS model. Topics include AD shocks, such as changes in consumption, investment, government spending, or net exports, and supply...
Khan Academy
Khan Academy: Lesson Overview: Consumer and Producer Surplus
This lesson introduced the basics of a branch of economics known as welfare economics, which is interested in how the allocation of resources affects well-being. The most important concepts used in welfare analysis are total surplus and...
Khan Academy
Khan Academy: Market Equilibrium, Disequilibrium, and Changes in Equilibrium
For this lesson summary review and remind yourself of the key terms and graphs used in the analysis of markets. Topics include how to use a market model to predict how price and quantity change in a market when demand changes, supply...
Khan Academy
Khan Academy: The Building Blocks of Keynesian Analysis
Keynesian economics focuses on explaining why recessions and depressions occur and offering a policy prescription for minimizing their effects. The Keynesian view of recession is based on two key building blocks: recessions occur when...
Khan Academy
Khan Academy: Elasticity in the Long Run and Short Run
The elasticity of supply or demand can vary based on the length of time you care about. This resource is designed for students who are taking a college-level microeconomics course.
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.
Khan Academy
Khan Academy: Price Ceilings and Price Floors
This article discusses how quantity demanded react to artificial constraints on price.
Other
Gazillionaire
Play the game of business strategy. Wheel and deal to "determine where supply meets demand." Fun way to learn about the business world.
Other
South Western Learning: Oligopoly/monopolistic Competition: Kinked Demand Curve
This South-Western College Publishing website describes a situation in which oligopolistic firms vie for competition among consumers.
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....
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.
Khan Academy
Khan Academy: Changes in Equilibrium
Practice finding a new equilibrium price and quantity when supply changes, demand changes, or both supply and demand are changing simultaneously.`This resource is designed as a review for the AP Microeconomics Test or a college-level...
Council for Economic Education
Econ Ed Link: Marketplace: Price Increase or Price Gouging?
Students 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.
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: 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: 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 lesson, students assume the role of detectives investigating why the rail companies...
Texas Education Agency
Texas Gateway: Ap Macroeconomics: Chapter 8: The Confusion Over Inflation
By the end of this section, you will be able to do the following: Explain how inflation can cause redistribution of purchasing power, Identify ways inflation can blur the perception of supply and demand, and Explain the economic benefits...
Khan Academy
Khan Academy: Law of Supply
If the price of something goes up, companies are willing (and able) to produce more of it.
Council for Economic Education
Econ Ed Link: Collecting for Fun . . . And Profit?
Art, baseball cards, coins, comic books, dolls, jewelry and stamps are just a few examples of the many things people collect. While some people collect for fun, others hope to profit. For this lesson, young scholars explore how supply...
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