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.
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
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
Fitness Day
Students develop skills and a comfort level in interpreting economic concepts through graphic analysis.
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
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
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
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...
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...
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: Cross Price Elasticity of Demand
Practice what you've learned about cross-price elasticity of demand in this four-question exercise.
Other
Microeconomics Chapter 6: Price Elasticity of Supply
Scrolling down towards the bottom of this site, there are equations, diagrams, and some general information concerning price elasticity of supply.
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: Determinants of Price Elasticity and the Total Revenue Rule
Practice what you've learned about the relationship between price elasticity of demand and total revenue in this exercise. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
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...
Tutor2u
Tutor2u: Price Elasticity of Demand
An easy to understand description of "price elasticity of demand." Includes definitions, graphs, formulas, and examples of what kinds of goods may be elastic or inelastic.
Robert Schenk, PhD
Price Elasticity
This site offers a good description of price elasticity of demand for a good, and gives examples of which kinds of goods may be elastic or inelastic.
Other
Price Elasticity of Demand
This site gives easy to understand definitions of price elasticity, along with examples, formulas, and factors determining elasticity.
Other
Economics of Health Care: Price Elasticity of Demand
This site provides a thorough analysis of the concept of elasticity, and uses an example in the health care industry.
Khan Academy
Khan Academy: Income Elasticity of Demand
Practice what you've learned about income elasticity of demand in this four-question exercise.
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.