Auburn University
Auburn University: A Glossary of Political Economy Terms: Substitute Goods
Dr. Johnson thoroughly explains the concept of "substitute goods," and how a price increase of one good will shift the demand curve for a substitute good.
Robert Schenk, PhD
Demand Terminology
This site explains the difference between "changes in quantity demanded" as opposed to "changes in demand".
Texas Education Agency
Texas Gateway: 10: Keynes' Law and Say's Law in Aggregate Demand/supply Model
By the end of this section, you will be able to do the following: Identify the neoclassical zone, the intermediate zone, and the Keynesian zone in the AD/AS model and Use an AD/AS model as a diagnostic test to understand the current...
University of Nebraska Omaha
Ec Ed Web: Analyzing the Demand Curve
Lists the determinants of demand for a product and service. The site is useful for students wishing to look further into the causes of demands. Graphs and summaries are included to aid research.
Curated OER
Graph of Demand Curve
This site discusses demand and the law of demand, and shows how a demand schedule can be transferred into a demand curve. It also explains how a change in the price of a substitute can cause your original demand curve to shift.
Council for Economic Education
Econ Ed Link: Price Elasticity: From Tires to Toothpicks
Students gain an understanding of price elasticity of demand and why different goods have different degrees of elasticity. Students learn how to calculate price elasticity of goods.
Council for Economic Education
Econ Ed Link: Utility
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.
Curated OER
The Demand Curve
A great site to begin studying the law of demand. Includes a demand schedule, a demand curve, and the determinants that can cuase your entire demand curve to shift.
Curated OER
The Demand Curve
A great site to begin studying the law of demand. Includes a demand schedule, a demand curve, and the determinants that can cuase your entire demand curve to shift.
Econoclass
Econoclass: The Law of Unintended Consequences
In this series of short "headlines", each has a direct goal, but each also has an unintended externality or spillover.
Khan Academy
Khan Academy: Law of Supply
If the price of something goes up, companies are willing (and able) to produce more of it.
Khan Academy
Khan Academy: Lesson Summary: Supply and Its Determinants
In this activity summary review and remind yourself of the key terms, graphs, and calculations used in the analysis of supply. Topics include the distinction between supply and quantity supplied, the law of supply, and the determinants...
Curated OER
Market Demand for Goods and Services
This is an easy to understand site that presents the law of demand, changes in quantity demanded, and the factors that cause a demand curve to shift. It also discusses how inferior goods and normal goods respond to changes in demand.
Council for Economic Education
Econ Ed Link: The Price of Gasoline: What's Behind It?
In this lesson plan, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price of oil and thus the price of gasoline, other factors also influence the price.
Independence Hall Association
U.s. History: Others Demand Equality
Many other groups learned how to push for their civil rights from African Americans' civil rights movement. Read about the Mexican Americans, Native Americans, and gays as they worked to achieve equal treatment under the law.
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.
Social Science Education Consortium
Ssec: Minimum Wage: Does Raising the Rate Help Young Workers? [Pdf]
This investigation will help students examine issues related to the minimum wage, including: What does economic theory suggest will result in minimum-wage earnings and employment if the minimum wage is increased? Does an increase in the...
Annenberg Foundation
Annenberg Learner: Democracy in America: Citizenship: Making Government Work
This unit on citizenship introduces the question "What is government?" from a philosophical perspective, and delves into the meaning of government, how it works, etc. through a Video on Demand, assignments, and critical thinking and more.
US National Archives
Nara: The Magna Carta
One of the historical events that led to the creation of the limited government of the United States, the Magna Carta was written in 1215 as a promise from King John of England to his demanding barons. It put English kings under the rule...
Digital History
Digital History: The Farmer and the Depression [Pdf]
One of the first laws passed in Franklin Roosevelt's first hundred days was the Agricultural Adjustment Act. Read about how it helped farmers in crisis. and how it was the forerunner of the federal farm program in existence today. [pdf]
Council for Economic Education
Econ Ed Link: Those Golden Jeans
Check out this informative economics lesson plan designed to review the three productive resources--natural resources, human resources, and capital resources--needed to produce goods and services.
University of Nebraska Omaha
Ecedweb: Explorations in Economic Supply, Part I
Examines how supply relates to economic decision making. Using the example of purchasing blue jeans, students take the role of producer to determine how many blue jeans they would supply to the market. Includes links and discussion...
University of Nebraska Omaha
Ecedweb: Explorations in Supply, Part Ii
In this economics tutorial, you as a producer have to determine how much of a given product you should make.
Yale University
The Statute of Laborers King Edward Iii 1351
Original text of a law for controlling the wages and conditions for laborers (1351). King Edward III's law prevented laborers from demanding more wages after the Black Death caused a labor shortage.