Worksheet
Curated OER

What is the Optimum Allocation of Resources?

For Students 10th - Higher Ed
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.
Lesson Plan
Curated OER

The Labour Market: Supply and Demand

For Teachers 11th - Higher Ed
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...
Lesson Plan
Curated OER

Chapter 27: The Demand for Resources

For Teachers 10th - 12th
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...
Activity
PBL Pathways

Solar Toasters

For Students 11th - Higher Ed
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...
Worksheet
Curated OER

How Wages Are Determined in Monopsonistic Labor Markets

For Students 10th - Higher Ed
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.
Worksheet
Curated OER

Problems on Factor Markets

For Students 10th - 12th
In this Problems on Factor Markets worksheet, students answer questions about various economic problems or injustices. Some answers require diagrams.
Lesson Plan
Curated OER

COULD YOU START A BUSINESS?

For Teachers 9th - 12th
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.
Lesson Plan
Curated OER

The Role of Public and Private Sectors

For Teachers 9th - 10th
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...
Lesson Plan
Curated OER

Diminishing Returns

For Teachers 10th - 11th
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.
Lesson Plan
Curated OER

Market Structures and Competition

For Teachers 8th - 12th
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...
Lesson Plan
Curated OER

Cool Corals

For Teachers 9th - 12th
Students explore corals and polyps.  In this coral reef lesson students divide into groups and prepare a written report. 
Activity
Other

Notes for Chapter 3: (Marginal Product)

For Students 11th - 12th
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.
eBook
Robert Schenk, PhD

Cyber Economics: Marginal Productivity and Income

For Students 9th - 10th
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.
Unknown Type
Khan Academy

Khan Academy: Introduction to Factor Markets

For Students 9th - 10th
Practice what you have learned about the supply of labor, the demand for labor, and the marginal revenue product of labor in this exercise.
Activity
Palomar Community College District

Palomar College: Lesson 1: Production Costs

For Students 9th - 10th
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.
Graphic
Curated OER

The Labor Market

For Students 9th - 10th
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.
Graphic
Curated OER

Real Wage Depends on Mp

For Students 9th - 10th
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.
Lesson Plan
Council for Economic Education

Econ Ed Link: Baseball Economics 201

For Teachers 9th - 10th
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...
Graphic
Curated OER

Mrp = Mr X Mp

For Students 9th - 10th
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.
Graphic
Curated OER

Downward Sloping Mp Curve Diagram

For Students 9th - 10th
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.
Graphic
Curated OER

Demand Curve, Mr, and Ar Curves Under Alternative Output Markets

For Students 9th - 10th
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.
Graphic
Curated OER

Downward Sloping Mrp Curve Diagram

For Students 9th - 10th
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.
Graphic
Curated OER

Horizontal W=mfc Curve

For Students 9th - 10th
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.
Graphic
Curated OER

Mrp and Mfc Curves Together

For Students 9th - 10th
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.