An introduction to basic concepts in beginning economics.

This student version of an economics lesson plan focuses on allocation. For a activity about how the rule of force motivates, check out this informative website.

Students develop and express claims through discussions and writing which examine how various factors of production are affected by global competition and how resources are allocated differently due to global competition.

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...

Practice what you've learned about consumer and producer surplus in this four-question exercise.

This article analyzes problems requiring to allocate a set of rectangular items to larger rectangular standardized units by minimizing the waste. It discusses mathematical models and surveys lower bounds, classical approximation...

An economics and literature lesson addressing capital resources, increasing productivity, and research skills. Based on a story by Robert McClosky called The Doughnuts.

This module discusses fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. It discuss scarcity and allocation mechanisms. In this course,the focus is on...