Why Is a Demand Curve Downsloping? The Law of Diminishing Marginal Utility
Challenge your class with this economy worksheet. Learners plot information on a demand curve, fill in a table of marginal utility, solve problems, and answer questions.
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The Rising Cost of Health Care: Is there an explanation?
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
12th Social Studies & History
Rights, Remixes, and Respect
It is very easy to access creative work online, and some individuals are not aware of all the rules that accompany using someone else's original work. Show your class the difference between inspiration and using without permission. The...
9th - 12th Social Studies & History CCSS: Designed
Battle Behind the Pumps - Exploring Supply & 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...
10th - 12th Social Studies & History CCSS: Adaptable
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
Chapter 21: Consumer Behavior and Utility Maximization
Who knows why consumers act the way they do? After viewing this presentation, your class will - and they will also know how to optimize consumer behavior. Prepare your young captains of industry for their place in the world of business...
10th - 12th Social Studies & History
Supply and Demand Curves - Basic Economic Concepts
Why does quantity demanded decrease as prices increase? Watch this video to compare the downward sloping curve of the law of demand with the upward sloping curve of supply, as well as to review such concepts as the substitution effect,...
5 mins 11th - 12th Social Studies & History CCSS: Adaptable
Law of Diminishing Marginal Returns
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 lawns as...
6 mins 11th - 12th Social Studies & History CCSS: Adaptable