Teaching market structures in a microeconomics class? These slides present graphs related …
Teaching market structures in a microeconomics class? These slides present graphs related to monopolistic competition, the market structure in which there are many firms that produce similar, but not identical, products and there are few barriers to entry. The slides illustrate firms' short-run decisions.
Teaching market structures in a microeconomics class? These slides present graphs related …
Teaching market structures in a microeconomics class? These slides present graphs related to monopoly, the market structure in which there is only one producer of a good or service and there are high barriers to entry. The slides illustrate firms' short-run decisions.
Students listen to the story and identify the scarcity problem the monsters …
Students listen to the story and identify the scarcity problem the monsters had not enough chairs for every monster to have one. Students wear a picture of a want they have drawn and play a version of musical chairs in which the chairs are labeled goods. Students learn that a good can satisfy a want. They also learn that, because of scarcity, not everyone's wants are satisfied.
In the fifth episode of the No-Frills Money Skills Video Series, "Mutual …
In the fifth episode of the No-Frills Money Skills Video Series, "Mutual Benefit," students learn what investment companies are and how mutual funds work. The video shows the difference between savings and investing and the importance of understanding risk versus reward.
After reading the book My Side of the Mountain, students discuss the …
After reading the book My Side of the Mountain, students discuss the human capital that Sam possessed, the investments in human capital that he made and why these investments were important. Students work in groups to help them define and understand the meaning of investment in human capital, and they create a plan for investing in their human capital.
Redlining was the practice of selectively classifying neighborhoods as most likely to …
Redlining was the practice of selectively classifying neighborhoods as most likely to default on repayment of a mortgage loan. Houses in redlined neighborhoods held little value as collateral, and lenders would only offer mortgage loans for these houses at above-average interest rates. Over time, these neighborhoods had the largest concentrations of African Americans. The September 2021 issue of Page One Economics® explains how residents in redlined neighborhoods could not afford to become homeowners and accumulate wealth at the rates other groups did. It also points out how only when the federal government passed laws banning discrimination in housing and banking did the segregation of African Americans to specific neighborhoods start to ease up.
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment …
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment and price stability through the federal funds rate. The May 2019 issue of Page One Economics reviews the previous framework for monetary policy, and then describes the Federal Reserve’s new strategy for influencing the federal funds rate and the broader economy.
We are faced with the need to make decisions, both big and …
We are faced with the need to make decisions, both big and small, on a daily basis. The earlier young people learn how to make a good decision, the better their decision-making skills will be. In this short course in our Ella's Adventures series, your students will read and listen to a story about Ella, who has decisions to make. While most of her decisions are easy, she runs across a hard one and employs a decision-making tool to help solve her problem.
Students learn the definition of entrepreneurship and are introduced to the characteristics …
Students learn the definition of entrepreneurship and are introduced to the characteristics of entrepreneurs. Students are asked to apply these characteristics to themselves and people in their own communities by completing a story pyramid and then writing a short story that demonstrates how entrepreneurial activity can contribute to higher standards of living.
Buying a home is a major financial decision, and for young people …
Buying a home is a major financial decision, and for young people in particular the entire process can seem overwhelming. Learn about mortgages and the steps people can take early in life to prepare themselves financially to buy a home, in this February 2022 issue of Page One Economics: Focus on Finance.
The February 2018 issue of Page One Economics: Focus on Finance focuses …
The February 2018 issue of Page One Economics: Focus on Finance focuses on an important milestone in transitioning to adulthood—getting your own place. The article discusses important topics related to renting, including careful preparation and effective planning, a realistic budget, weighing options against important criteria to make the best choice, and understanding a lease.
This last lesson in the Economics and the Great Migration curriculum studies …
This last lesson in the Economics and the Great Migration curriculum studies the practice of redlining, whose impacts on neighborhoods are still felt today over 50 years after its abolishment.
The economic collapse of the 1930s caused the U.S. government to develop new policies to put Americans back on their feet again. Many of these programs centered on growing the housing stock and providing tools for households to begin generating wealth. Discrimination did not allow for Black Americans to have an equal opportunity at building a middle-class lifestyle—the bedrock of the American Dream. These inequities began an ever-widening wealth gap that has impacted generations far removed from the original policies.
The output gap is one (of many) economic indicators used by economists …
The output gap is one (of many) economic indicators used by economists to measure the strength of the economy. What exactly is the output gap, and how accurately does it predict the state of the economy? Read the November 2012 issue for an explanation of the output gap and answers to these questions.
Students listen to the story Ox-Cart Man in which a father and …
Students listen to the story Ox-Cart Man in which a father and his family use various resources to produce goods. As you read the story aloud to the students, place special emphasis on identifying both how it takes resources to make goods and who buys the goods in a market. Students will then participate in a simulation of the circular flow of the economy. They will use examples from the story to apply the concepts learned and model how the circular flow shows the interdependence between people and businesses in the resource and goods/services markets.
In segment 1 of this 3 part series, student will learn about …
In segment 1 of this 3 part series, student will learn about the production possibilities frontier (PPF), scarcity and opportunity cost. This video is 5 minutes long and will aid in the mastery of standard EPF. 1(a).
In segment 2 of the 3 part series on the Production Possibilities …
In segment 2 of the 3 part series on the Production Possibilities Frontier, this 5 minute video provides information on the factors of production, scarcity, opportunity cost and productivity. It will aid in mastery of standard EPF. 1 (a) and (d).
The Panic of 1907 was a financial crisis set off by a …
The Panic of 1907 was a financial crisis set off by a series of bad banking decisions and a frenzy of withdrawals caused by public distrust of the banking system. J.P. Morgan and other wealthy Wall Street bankers lent their own funds to save the country from a severe financial crisis. But what happens when a single man or small group of men have the power to control the finances of a country? In this lesson, students will learn about the Panic of 1907 and the measures Morgan used to finance and save the major banks and trust companies. Students will also practice close reading to analyze texts from the Pujo hearings, newspapers, and reactionary articles to develop an evidence-based argument about whether or not a money trust—a Morgan-led cartel—existed.
With the click of a button or swipe of a card, money …
With the click of a button or swipe of a card, money can flow into and out of bank accounts without hesitation. This Page One Economics article examines what it takes for that money to move quickly and reliably to and from accounts, and how a new service developed by the Federal Reserve can contribute to US payment systems.
Where can borrowers get loans when banks and credit unions aren't an …
Where can borrowers get loans when banks and credit unions aren't an option? Maybe a low credit score, lack of collateral, or small loan amount don't fit with large lending sources. The November 2015 issue of Page One Economics: Focus on Finance describes a growing trend—peer-to-peer lending—as an alternative for borrowers and potential investment opportunity for lenders.
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