It's About Supply and Demand

After considering the role that gasoline plays in our lives and our dependence on it as a society, learners participate in a reading activity discussing why the price of oil is increasing. They will then simulate being members of a...

Put economics skills into practice with a series of scenarios and related tasks. The plan is built around centers and differentiation, and each activity includes three slightly different tasks for students to complete based on a shape...

Here is a lesson that includes many great ideas for investigating and discovering how our communities have physically changed over the years, and how land use changes over time may affect a community's water supply. The lesson's...

In this economics lesson, learners examine the principle of supply and demand related to the oil market as they identify factors that cause curves and shifts and determine equilibrium. Upper graders read an informational article and use...

What do strawberries, gasoline, and human kidneys have in common? Explore the concept of supply and demand, and the varying degrees of demand for particular items in the free market, with an informative video from Crash Course economics.

Can raising the minimum wage lead to unemployment? Young economists watch a rapid-paced video from Crash Course Economics to learn about supply and demand in the labor market and the ways that the minimum wage can both stimulate economic...

How does the economy affect the environment—and vice versa? A video from Crash Course Economics discusses the ways supply and demand for products made with non-renewable resources can result in the Tragedy of the Commons, or even in the...

For about the first six minutes Sal reviews the hypothetical global trade scenario from the last video in detail, changing a few numbers to make for a cleaner example. He continues the scenario to demonstrate how the natural ups and...

How quickly can an economy recover from a shock? John Maynard Keynes challenges the classical economist view of a self-correcting economy with his 1936 work, The General Theory of Employment, Interest and Money. A short view features the...

A hands-on simulation perfect for an economics lesson, young learners investigate the availability of different sources of natural energy (coal, natural gas, oil, solar, and nuclear) and how this availability affects their cost. Simulate...