Sophia: Producer and Consumer Surplus

A unit that teaches the difference between goods and services, the difference between producers and consumers, the difference between human, natural, and capital resources, and the difference between bartering/trading and buying/selling....

Is the expansion of American corporations abroad a good or bad thing? After examining the global operations of Ford Motor Company, McDonald's, and Walmart, class members are asked to evaluate the impact of globalization and...

Holiday gift-giving seasons can be lucrative for an individual business, but does a profitable season bode well for the market as a whole? A video from Crash Course Economics discusses how giving gifts to people who are uninterested in...

When a demand curve is linear, calculating consumer surplus becomes relatively simple: calculate the area of a triangle. In this video we walk through calculating consumer surplus.

In this video, we introduce the concept of consumer surplus as the difference between marginal benefit and price paid. [5:01]

A series of excellent videos that explain the laws of supply and demand, shortage, surplus, equilibrium, slopes, and shifts. Includes a worksheet (PDF, requires Adobe Reader) and videos.

Through a series of resources, students use the concept of demand and supply to explain how free market prices and quantities are established, define equilibrium, and understand the idea of shortage and surplus.

A video lecture explaining consumer surplus as difference between marginal benefit and price paid. [5:10]

Look at consumer surplus as area between the demand curve and the market price. [5:46]

If you are looking for a great lesson on supply, demand, market price, demand curves, and data analysis look no further. With glossary definitions, activities, and web lined resources this lesson is a winner.