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Curated OER
What is the Optimum Allocation of Resources?
In this economics worksheet, students analyze the optimum allocation of resources as they answer 4 multi-step questions that require them to study production and marginal revenue data tables.
Curated OER
The Labour Market: Supply and Demand
Students question and evaluate the relevance of the traditional model of the labour market and apply it to public sector workers. They investigate problem problems and apply theories such as marginal revenue product to service sector...
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...
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...
Curated OER
How Wages Are Determined in Monopsonistic Labor Markets
In this economics worksheet, learners review how wages are determined in monopolistic labor markets as they use a graph to answer ten short answer questions.
Curated OER
Problems on Factor Markets
In this Problems on Factor Markets worksheet, students answer questions about various economic problems or injustices. Some answers require diagrams.
Curated OER
COULD YOU START A BUSINESS?
Students 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.
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
Diminishing Returns
Students play an economics game to learn about the law of diminishing returns. The lesson plan can be used to link to other concepts. The difference of production and productivity is explored.
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...
Curated OER
Cool Corals
Students explore corals and polyps. In this coral reef lesson students divide into groups and prepare a written report.
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.
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.
Khan Academy
Khan Academy: Introduction to Factor Markets
Practice what you have learned about the supply of labor, the demand for labor, and the marginal revenue product of labor in this exercise.
Palomar Community College District
Palomar College: Lesson 1: Production Costs
This lesson provides a good outline for a unit on the study of "production costs". Charts and graphs are provided to help understand a firm's cost curves, and at what level of production they should produce.
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.
Council for Economic Education
Econ Ed Link: Baseball Economics 201
Some believe our national pastime may be threatened by the big market, high revenue teams like the Yankees (or the New York Mets, Chicago Cubs, Boston Red Sox, etc.) and that smaller market teams (e.g., the Florida Marlins, San Diego...
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.
Curated OER
Downward Sloping Mp Curve Diagram
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
Demand Curve, Mr, and Ar Curves Under Alternative Output Markets
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
Downward Sloping Mrp Curve Diagram
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
Horizontal W=mfc Curve
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 and Mfc Curves Together
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.