Students work in groups to examine excerpts from primary source documents. They …
Students work in groups to examine excerpts from primary source documents. They identify social and economic factors affecting specific categories of people when the Great Migration accelerated in 1916 to 1917: black migrant workers from the South, southern planters, southern small-farm farmers, northern industrialists, agents, and white immigrant workers in the North. Each student group creates a "perspectives page" to post for a gallery walk where students analyze the causes of the Great Migration and the changes it brought to both the North and South. Students also discuss the specific economic factors that influenced the Great Migration: scarcity, supply, demand, surplus, shortage, and opportunity cost. Using the PACED decisionmaking model, they analyze the alternatives and criteria of potential migrants.
Consumers see or hear thousands of advertisements each day. The April 2017 …
Consumers see or hear thousands of advertisements each day. The April 2017 issue of Page One Economics: Focus on Finance reviews advertising history and strategies ads use to create demand and influence consumer tastes and preferences.
The fact of scarcity forces individuals, firms, and societies to choose among …
The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist’s criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.
In this video we illustrate and explain the differences between a change …
In this video we illustrate and explain the differences between a change in the quantity demanded for a good (which causes a movement along a demand curve) and the change in a good's demand (which causes the entire demand curve to shift).
A demand shifter is a change that shifts the demand curve for …
A demand shifter is a change that shifts the demand curve for a product. One of the demand shifters is buyers' expectations. If a buyer expects the price of a good to go down in the future, they hold off buying it today, so the demand for that good today decreases. On the other hand, if a buyer expects the price to go up in the future, the demand for the good today increases. Explore the role of buyers' expectations as a determinant of demand in this video. Created by Sal Khan.
In this video, we explore how changes in a few factors affect …
In this video, we explore how changes in a few factors affect the demand curve. Changes in income, population, and consumer preferences cause the entire demand curve to shift. Created by Sal Khan.
This is a 7 minute video that is part of the FED …
This is a 7 minute video that is part of the FED of St. Louis' Economic Lowdown series that explains the Law of Demand, the graph shape and what contributes to the changes in demand. This video will cover the standard EPF. 3(a)
Teachers may also find accompanying handouts at https://www.econlowdown.org/
The sixth podcast in this series examines the law of demand. Those …
The sixth podcast in this series examines the law of demand. Those who love candy bars will find this lesson especially easy to digest. A demand curve is simply defined, as are the sorts of changes that might affect that curve—all in less than seven minutes.
Two things we'd all like to see less of: climate change, and …
Two things we'd all like to see less of: climate change, and mass shootings. The direct way to address these would be to make fossil fuels more expensive, and restrict access to guns. But politically, neither of those policies will happen anytime soon. Fortunately, economists have another approach: change the prices of *related* goods. See how lowering the price of solar panels can change the use of coal, and how raising the price of bullets can reduce shootings.
ECONOMICS GRADE 10 TOPIC: Introduction to demand By the end of this lesson, learners should …
ECONOMICS GRADE 10 TOPIC: Introduction to demand By the end of this lesson, learners should know how to:define Economicsdefine demandstate the law of demandlist and discuss the factors which determine demanddraw the demand curve using the demand scheduledifferentiate between changes in quantity demanded and changes in demand
This set of three activities were written by Sophie Haci and Rachel …
This set of three activities were written by Sophie Haci and Rachel Polukuri of Houston Community College. They cover demand change, minimum wage, and opportunity cost.
Looking for engaging content for your economics courses? The Institute for Humane …
Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!
This lesson plan is for an accelerated, academically gifted 4/5th grade combination …
This lesson plan is for an accelerated, academically gifted 4/5th grade combination class. The unit of study is economics (Social Sciences). The SCoS goals and objectives cross grade levels and curriculum areas because of the nature of the children for whom this lesson was designed. This lesson was designed as a supplemental lesson for a unit I taught called Mini-Society. I taught this unit for the first time this year after attending a workshop at Chapel Hill, NC. This lesson enhances the Mini-Society unit in which children create their own businesses.
America is a nation of immigrants, who currently make up about 13 …
America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of immigrant workers as substitutes for and complements to native-born workers.
Presumably you've already made plans for surviving a zombie apocalypse, but have …
Presumably you've already made plans for surviving a zombie apocalypse, but have you thought through the important economic factors that might make the difference between surviving and losing your brain to one of the walking dead? In this video, Professor Anthony Davies of Duquesne University discusses how a zombie apocalypse would affect the price of gasoline, the supply of money, and the economy as a whole.
Economy is related with the money in the market which is been …
Economy is related with the money in the market which is been affected by the demand and supply of goods and services. Recent trend of GST has affected market the most
How elastic are rubber bands? There's more than one way to answer …
How elastic are rubber bands? There's more than one way to answer this question. The word "elasticity" is commonly used to describe things that have a stretchy quality to them. You might try to answer the question by stretching a rubber band across your finger and shooting it across the room. To an economist, however, elasticity can have a whole other meaning. Learn more in this episode of The Economic Lowdown.
In this video, Professor Don Boudreaux of George Mason University explains how …
In this video, Professor Don Boudreaux of George Mason University explains how the price system is able to coordinate the behavior of billions buyers and suppliers in a great chain of global cooperation.
Drivers may wonder whether the most recent spike in gasoline prices is …
Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline—maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue for a discussion of factors that might influence that decision.
In this lesson, students act as buyers with a fixed amount to …
In this lesson, students act as buyers with a fixed amount to spend on beverages. They identify a favorite beverage from a list of beverages offered for the same price. They then react to changes in the price of that favorite beverage. Students use the data collected from this activity to describe the relationship between price and quantity demanded. They analyze other examples and learn that the relationship between price and quantity demanded holds for most goods, and that this relationship is called the law of demand.
No restrictions on your remixing, redistributing, or making derivative works. Give credit to the author, as required.
Your remixing, redistributing, or making derivatives works comes with some restrictions, including how it is shared.
Your redistributing comes with some restrictions. Do not remix or make derivative works.
Most restrictive license type. Prohibits most uses, sharing, and any changes.
Copyrighted materials, available under Fair Use and the TEACH Act for US-based educators, or other custom arrangements. Go to the resource provider to see their individual restrictions.