Curated OER
Economics Unit I - The Basics
Young scholars describe how demand differs from the quantity demanded, explain what the law of demand states and what demand schedules and demand curves illustrate while studying about economics. Also in retrospect, several writing...
Curated OER
Marketing Occupations
Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...
Curated OER
Chapter 23: Pure Competition
Taking your young economists through the characteristics of four market models (Pure Competition, Pure Monopoly, Oligopoly, and Monopolistic Competition), this presentation uses both charts and graphs to illustrate the necessary...
Curated OER
Elasticity
Students analyze the meaning of the business term, elasticity, and discuss the main elasticity concepts of price, income, and cross elasticity. They manipulate and demonstrate various business formulas.
College Board
2009 AP® Microeconomics Free-Response Questions
Two stores are trying to decide where to put their new location to maximize profit? Young economists evaluate the question using authentic materials from College Board. Other queries involve evaluating the effects of government subsidies...
Curated OER
Marginal Revenue for an Imperfect Competitor
In this Imperfect Competitor activity, students read then complete tables, graphs, and questions after making calculations and predictions.
Curated OER
Price Controls: Prescribed Drugs in North America
Young scholars examine the nature of price controls, the impact of maximum prices below the equilibrium level on a market, the effect it can have on other markets, the requirements for effective price discrimination in a market, and the...
Curated OER
Fitness Day
Students develop skills and a comfort level in interpreting economic concepts through graphic analysis.
Curated OER
Market Changes
Students explore the role of government in the economy market. For 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
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
Break Even Analysis and Budgeting
Learners analyze the use of break even charts in business planning. They examine the purpose and nature of budgets. They explore price elasticity and how to use Excel spreadsheets to manipulate financial information.
Curated OER
Utah's Regional Competitiveness for Non-resident Higher Education Students
Students study how government decisions need to account for competitive forces. They examine Utah's higher education system as an example. They describe how Utah compares to other western states in attracting out-of-state students. They...
Curated OER
External Influences 1: Flexible Timing
Students examine the main economic objectives of the government and the impact of changing economic data on business decision making. They apply economic data to a business scenario/case study.
Curated OER
External Influences 1
Students discover the main objectives of the government. They apply economic data to different scenerios. They present their findings to the class.
Curated OER
What is Entrepreneurship?
Eighth graders describe the entrepreneurial process and how it relates to the economy. They work together in small groups to answer questions and participate in small business groups. They use the internet to gather information as well.
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
Pricing Strategies
Students examine the principles companies use to price their problems. They discover the difference between cost based and market based pricing. They identify other factors that go into pricing decisions.
Curated OER
Weather Walks
Students study weather by taking walks in various types weather conditions.
Khan Academy
Khan Academy: Price Elasticity of Demand and Price Elasticity of Supply
Quantities supplied and demanded react to changes in price. Students will learn about price elasticity of demand and price elasticity of supply in this lesson. This resource is designed for students who are taking a college-level...
Council for Economic Education
Econedlink: Elasticity of Demand Video and Quiz
This video teaches the concept of Elasticity of Demand. Price elasticity of demand is the way of measuring how much quantity demanded will change in response to a change in price. The website contains an interactive quiz and links for...
Khan Academy
Khan Academy: Price Elasticity of Demand and Its Determinants
Practice what you've learned about calculating and interpreting price elasticity of demand, as well as the determinants of price elasticity of demand, in this exercise. This resource is designed as a review for the AP Microeconomics Test...
Other
Price Elasticity of Demand
This site provides a great definition of "price elasticity of demand," along with formulas and examples. It also shows a perfectly elastic demand curve and a perfectly inelastic demand curve.
Khan Academy
Khan Academy: Lesson Overview Cross Price Elasticity/income Elasticity of Demand
In a previous lesson we learned about price elasticity of demand, but there are many other types of elasticity that measure how agents respond to variables other than the change in a good's price. Two of these are Cross Price Elasticity...
Khan Academy
Khan Academy: Income Elasticity of Demand
Practice what you've learned about income elasticity of demand in this four-question exercise.
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