Cost and Revenues
Students develop the key concepts of total, variable, fixed, average and marginal costs. The theory of using different business scenarios is applied to different situations for an extension to real life application.
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Price Elasticity of Demand
A series of economic activities should keep your class busy for a while. Six different worksheets review the concepts of price elasticity, demand, and U.S. economics. Multiple real-world applications and scenarios house each of the ten...
12th - Higher Ed Social Studies & History
Revenue, Profits, and Price
Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...
11 mins 9th - 12th Social Studies & History CCSS: Adaptable
Total Revenue Test and Elasticity Review
When prices go up in an elastic demand curve, what happens to total revenue? Your young economists will learn about this concept as they watch an engaging and informative speaker illustrate what happens through drawing different graphs.
3 mins 11th - 12th Social Studies & History CCSS: Adaptable
Economics of a Cupcake Factory
Sal is starting a cupcake factory and walks learners through the cost and profit calculations necessary to any new business. He uses simple numbers for the start-up costs, overhead, product price, and cost per cupcake. Sal writes out the...
11 mins 11th - Higher Ed Social Studies & History
Cupcake Economics 2
The continuation of the lecture regarding a cupcake business. Sal gives some very clear and relevant examples of the costs and profits within the different circumstances that may occur. He references an excel spreadsheet that is...
12 mins 9th - Higher Ed Social Studies & History