The Organization of the Petroleum Exporting Countries

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Students discuss the role of trade and a global economy. As a class, they identify the costs and benefits of trade and how it is being questioned in today's society. They discover what is imported to the United States and the role of...

When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a lesson that focuses on OPEC and...

Learners color the Middle East Nations of OPEC on outline maps. They discuss and watch a video about the United States reliance on oil producing nations of the Middle East. They participate in a discussion of the problems of the gas...

Students first discover the tensions that have recently caused the price of crude oil to skyrocket. They explore the ways in which oil prices are determined, investigating both free market and oligopoly conditions.