Wikimedia
Wikipedia: Price Floor
Explains, using graphs, how a price floor work, and how an effective price floor will create a surplus in a market.
Khan Academy
Khan Academy: The Benefits and Costs of Us Environmental Laws
Read about specific examples of environmental laws in the United States.
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.
Khan Academy
Khan Academy: Market Equilibrium
Practice what you've learned about finding equilibrium price and quantity both intuitively and graphically in this exercise.
Council for Economic Education
Econedlink: Demand
This video teaches the concept of Demand. Demand refers to a relationship between price and the quantity of a good or service that consumers demand. The website contains an interactive quiz and links for related lesson plans.
Other
Help for Growing and Starting Your Small Business
"From 200+ ways to be your own boss and how to calculate your start-up costs to sample business plans and more all from Business Know-How."
Council for Economic Education
Econ Ed Link: The Prices Are Changing
This lesson will help students to understand how markets are created by the interaction of buyers and sellers, what demand and supply are, what equilibrium price is, and how demand and supply interact with price changes.
Council for Economic Education
Econedlink: Supply
This video teaches the concept of Supply. Supply refers to a relationship between price and the quantity of a good or service that firms are willing to produce. The website contains an interactive quiz and links for related lesson plans.
Council for Economic Education
Econ Ed Link: What Happened to Railroads?
Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral part of people's lives. In this instructional activity, students assume the role of detectives investigating why the...
Council for Economic Education
Econ Ed Link: Work, Earnings and Economics: Using Lyddie by Katherine Paterson
In reading and discussing Lyddie, by Katherine Paterson, students examine basic economic concepts and explore the growth of labor unions and the role of government in a market economy.
Tutor2u
Tutor2u: Market Failure Positive Externalities
This site examines how society can benefit by producing and consuming more of a product that causes a positive externality.
Digital History
Digital History: British Mercantilism and the Cost of Empire [Pdf]
Learn about the theory of mercantilism and how it affected the economies of the New England, Middle, and Southern colonies. Practice making a bar graph showing the value of exports to and imports from England between 1700 and 1774 with...
US Department of Agriculture
Us Department of Agriculture: u.s. Peanut Sector Adapts to Major Policy Changes
An article on how the marketing quota system controls the supply of peanuts on the market, and how peanut farmers have fared with and without these quotas.
Cato Institute
The Gold Standard: An Analysis of Some Recent Proposals
Summarizes specific and recent proposals set forth to return the U.S. to the gold standard. Includes detailed information on the gold "price rule," "classical" gold standard, and other important terms.
University of Michigan
University of Michigan: A Monetary Explanation of the Great Stagflation [Pdf]
A comprehensive look at the economic condition of the 1970s termed stagflation. Authors take a different view noting that oil price increases were not as essential to stagflation as thought. They develop the relationship between monetary...
Other
Nasdaq: Flashquotes
A helpful source to look up information on any company listed in the NASDAQ. Current price of stock, percentage change in price, and charts showing stock performance over various periods of time are available.
Biz Move
Biz Move: How to Set a Price for a Product in a Manufacturing Firm
This article proposes maximizing profits as the basis for pricing decisions in manufacturing. It also discusses direct costing, price-volume relationship, establishing contribution percentage and more.
Khan Academy
Khan Academy: Lesson Summary: Long Run Self Adjustment in the Ad as Model
In this lesson summary review, remind yourself of the key terms and graphs related to the long-run self-adjustment mechanism. The long-run self-adjustment mechanism is one process that can bring the economy back to "normal" after a...
Practical Money Skills
Practical Money Skills: Gross Domestic Product
Learn about the Gross Domestic Product(GDP),the sum total of the market price of all the final goods and services produced within a country's borders during a given period of time.In the U. S. it's measured in quarters of a year, then...
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
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
Labor Market Equilibrium With a Payroll Tax
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.
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
A Simple Seller Environment
This site offers a description of a price taker and the characteristics in this sellers' market structure. The price taker is examined in both the short run and the long run.