Cost Curves MC, ATC, AVC, and AFC

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...

Psychologists designing experiments to research human behavior must consider weighty ethical concerns. Class members act as members of an institutional review board and examine proposals to determine whether included provisions...

What happens when the resources used as part of a production possibilities curve are not easily adaptable to produce both goods? Watch as an economics instructor uses an example of an economy producing pizzas and robots in...

Help your learners get a better handle on marginal cost and product curves, and review the process of completing charts and graphs associated with this concept.

Before delving into the concept of cost curves in your class, discuss the relationship between inputs and outputs and the law of diminishing marginal returns. Here, an instructor uses data and graphs representing friends mowing...

Delve into the world of economic theory with the Laffer curve and introduce your young economists to the relationship between tax revenue and tax rates.

Here is a brief introduction to the concepts covered in an economics course unit on the costs of production and perfect competition.

When prices fall below a certain point, why does that cause a shut down? Using the concept of fixed costs and losses, and by drawing on a sample graph, watch as this instructor explains the shut down rule of economics.

From price and quantity to socially optimal prices and maximizing total revenue, see the needs for a monopoly charted on a graph. 

What is dead weight loss in microeconomics, and how does it relate to efficiency in a monopoly and society as a whole? An economics instructor explains these concepts in detail in a brief five-minute video.