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Curated OER
What is a Stock? or, Who Owns McDonald's?
Students explore profit and risk. In this economics lesson, students read about McDonald's and Nabisco stock and discuss the risks and rewards of stock ownership. Printable worksheets ask questions about rights of stock owners and the...
Curated OER
Perform Accounting Functions
Students practice performing various accounting functions. Given analysis records, they prepare cost and revenue analysis based on specific criteria. They complete handouts and review their answers as a class. They also discuss the...
Curated OER
What Does a Nonprofit Do, and for Whom?
Students investigate key local and national nonprofit organizations by researching their histories, services, and target populations. Student pairs present their information to the rest of the class. Each student will be responsible for...
Federal Reserve Bank
What Really Caused the Great Depression?
Falling wages. Rising unemployment. Falling prices. Sound familiar? Young economists look at the role the US banking system had in causing the Great Depression.
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
The Artist as Entrepreneur: Is this a Hobby or a Business?
Learners discover the IRS codes and criteria for establishing their art activity as a business rather than a hobby. They develop ways to demonstrate that their art activity is actually a business venture as classified by the IRS.
Curated OER
Linear Functions: Are You Ready for the REAL World?
students emulate a real world problem and model it with mathematics working in a small group. Observe and facilitate discussion as the groups use various strategies, such as (graphs, brainstorming, tables, and dialogue.
Curated OER
Introduction to Business Studies
Students examine what a business does. They study the business process - inputs through to outputs and explore how profit is made
Curated OER
Hey, Mom! What's for Breakfast?
Students examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, students use the Internet to complete a...
Curated OER
Macroeconomic Policies
Students view a PowerPoint presentation on macroeconomic policies. They identify and define the main distinctions between the three key economic policies used by governments and debate their merits.
Save And Invest
Finra Investor Education Foundation: Revenue, Expenses and the Break Even Point
This lesson plan introduces students to fundamental concepts of successfully starting and running a business, focusing on revenue, expenses, expansion and use of break-even point analysis.
Other
Federal Reserve Bank of Boston: The Economics of Pro Team Sports
Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.
Other
Elasticity: A Quantitative Approach
This site is a great place to study the concept of "elasticity" Formulas, examples, and quiz questions are provided.
Other
Notes for Chapter 3: (Marginal Product)
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Save And Invest
Finra Investor Education Foundation: Break Even Point
This lesson plan introduces students to fundamental concepts of starting and running a business, focusing on break-even point analysis.
Robert Schenk, PhD
Cyber Economics: Marginal Productivity and Income
Site provides a good description of the concept of "marginal productivity" along with other related terms such as marginal costs, marginal revenue product, and derived demand.
Curated OER
Mr = Change in Tr Divided by Change in Quantity of Output
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Sophia Learning
Sophia: Monopoly
Through a series of resources, this tutorial investigates the characteristics of a monopoly and how to draw a cost analysis graph. Video lessons are provided to reinforce the concept.
Council for Economic Education
Econedlink: Profit Video and Quiz
This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm's costs of producing a good or service from the revenues received from selling the good...
Curated OER
The Labor Market
This site provides a good description of the concept of "marginal productivity" along with other related terms such as marginal costs, marginal revenue product, and derived demand.
Curated OER
Real Wage Depends on Mp
This site provides a good description of the concept of "marginal productivity" along with other related terms such as marginal costs, marginal revenue product, and derived demand.
Curated OER
Mrp = Change in Tr Divided by Change in Labor
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mp = Change in Output Divided by Change in Labor
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp = Mr X Mp
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.