Practice what you have learned about economic systems in this four-question exercise.

This student version of an economics lesson plan focuses on allocation. For a lesson about how the rule of force motivates, check out this informative website.

This module discusses fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. It discuss scarcity and allocation mechanisms. In this course,the focus is on...

Ancient Hawaii was ruled by chiefs, who were responsible for the well-being of their people and for managing the islands' resources. The chiefs divided the islands into land districts shaped like pie slices called Ahupua'a (ah-who-...

Students develop and express claims through discussions and writing which examine how various factors of production are affected by global competition and how resources are allocated differently due to global competition.

An economics and literature lesson plan addressing capital resources, increasing productivity, and research skills. Based on a story by Robert McClosky called The Doughnuts.

This lesson introduced the basics of a branch of economics known as welfare economics, which is interested in how the allocation of resources affects well-being. The most important concepts used in welfare analysis are total surplus and...

In 1968, Garrett Hardin sat down to write an essay about overpopulation. Within it, he discovered a pattern of human behavior that explains some of history's biggest problems. Nicholas Amendolare describes the tragedy of the commons.

This is a lesson plan on the environmental aspects of economic development. Focusing on Brazil, the lesson takes students through the pros and cons associated with development and how multiple players are involved.

Economists do not operate in a vacuum. If an economist is going to suggest that the price of a good needs to be increased, he or she needs to consider who will bear the increase in costs. Will the costs be distributed equally or will one...

Learn about the role of the US Congress, how it works, its history, and the principles behind its creation and operation. Wonderful set of resources including FAQs, short articles and video clips, "interactive learning modules" (i.e., a...

This is a list of key terms and definitions covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.

An introduction to basic concepts in beginning economics.

Students will work in cooperative learning groups to examine the similarities and differences in capitalism, socialism, and communism. They will do research to meet specific requirements of elements that must be included in a...