Curated OER
The Price of Gasoline: What's Behind It?
When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a lesson that focuses on OPEC and...
National Research Center for Career and Technical Education
Break-Even Point
How do companies determine the prices of their products? Marketing maestros discover the concepts of cost and break-even point through discussion, independent practice, and a collaborative assessment. The career and technology-oriented...
Curated OER
Price Elasticity of Demand
In this economics worksheet, students respond to 15 fill and the blank and multiple choice questions about price elasticity of demand.
Curated OER
Chapter 27: The Demand for Resources
A good resource to a lecture on resource demand and marginal productivity, this economics presentation is easy to understand, even for beginners. A list of key terms at the end of the slideshow summarizes the lesson, and can serve as a...
Curated OER
COULD YOU START A BUSINESS?
High schoolers learn how a business starts and finds financial independence. In this lesson, students learn the struggle of financial management, the costs of running a business and how to keep a budget.
PBL Pathways
Solar Toasters
Help a company maximize their profits! A detailed project-based learning activity examines two production scenarios. Your young scholars write a linear demand function. They then apply the function to develop a revenue, cost, and profit...
Federal Reserve Bank
Investing in Yourself: An Economic Approach to Education Decisions
What is the difference between physical capital and human capital, and in which should you invest? While considering the concept of return on investment, take a look at the payoffs and consequences of investing in training and education.
Curated OER
IT IS ABOUT SUPPLY AND DEMAND.
Students learn that the price of an item is defined by its supply and demand. In this lesson students graph the relationship between demand and supply of various products, students also consider hidden costs.
Curated OER
What Is Actually Bought and Sold?
Economics students can use this packet to better grasp the concept of changes in supply and demand by reading about marketing, products, and elasticity. There are 3 tasks for students to complete, each based on the content of a...
Curated OER
Yellow Pages Ad-dition
Young scholars determine the revenue generated by sample pages from the Yellow Pages. They discuss the value of advertising a business in this venue. They use the local telephone directory and some fictitious ad rates to lead their inquiry.
Curated OER
No Stars in Their Eyes
Students take a closer look at the British film industry. In this current events lesson, students listen to a lecture and visit selected websites to study the history of the British film industry. Students also discuss film locations and...
Odyssey of the Mind
Odyssey of the Mind Curriculum Activity: Balance the Books
There is a difference between profit and revenue, and it's up to your class to find out why. They each research the public accounting documents for their favorite company or brand. Then they use their findings to discuss the differences...
Curated OER
Estimating Revenues
In this economics worksheet, students write out a business plan that translates into an estimation of revenue made in the first three years.
Curated OER
Incentives, Profit and the Entrepreneur
Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.
Curated OER
Windy City tries for 2016 Olympics
Students collect background information about costs of hosting Olympics, prepare presentation about Chicago's bid to host 2016 Summer Olympics, debate pros and cons of going to Chicago, and present findings to classmates.
Curated OER
Inequalities
In this inequalities worksheet, 9th graders solve and complete 18 different types of problems. First, they use systems of 2 equations/2 unknowns to solve each word problem shown. Then, students graph each and identify the vertex plus 2...
Curated OER
Price Elasticity of Demand (PED)
In this economics activity, students respond to 18 short answer and problem solving questions regarding the concept of elasticity.
Curated OER
I'm in Business, Now What Do I Charge?
Students determine what price must be charged in order for an entrepreneur to breakeven and to make a profit. They calculate the breakeven price, identify opportunity costs, and write a paragraph explaining what costs should be used for...
Curated OER
Profit and Loss
Young scholars analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods...
Curated OER
The Role of Public and Private Sectors
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Curated OER
Economics: Incentives, Profit, and the Entrepreneur
Young scholars discuss both positive and negative economic incentives. For this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
Curated OER
Diminishing Returns
Students play an economics game to learn about the law of diminishing returns. The lesson can be used to link to other concepts. The difference of production and productivity is explored.
Curated OER
Business Practices and Competition
Learners identify the costs and benefits of large corporations and monopoly industries. Using the internet, they discover how businesses use different types of exploitation to maximize their profits. They read two articles about plants...
Curated OER
Market Structures and Competition
Students review concepts related to market structures and competition. Using supply and demand, they identify what factors cause them to shift and analyze business downward facing demand curves. They compare and contrast the abilities of...