In this lesson, students identify the steps for success in saving, give examples of how saving for the future means giving up things today, and set a savings goal and develop a plan to reach it.
In this lesson, students will learn that the profit-maximization rules for the monopoly are the same as they are for a perfectly competitive firm but the monopoly will produce a smaller output than society would like it to produce. This lesson supports the Theory of the Firm section of the Advanced Placement Microeconomics curriculum.
In this lesson, students understand the conditions under which a competitive market fails to produce the socially-optimal quantity of a good or service. They also need to know what steps a government can take to correct a negative externality. This lesson supports the Market Failure and the Role of Government section of the Advanced Placement Microeconomics curriculum.
Students will understand what innovations are, and what it takes to get an idea off the ground. This lesson will take students through the process of calculating risks associated with starting a new business. Students also discover the decisions and choices they'd have to make and how to calculate what makes something "worth" the risks when starting a business venture.
- Business, Finance and Information Technology Education
- Career Technical Education
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In this lesson, students learn about banks and credit unions, identifying similarities and differences between the two types of financial institution. They also evaluate a local bank and credit union to determine which one would be better suited to their needs. (This is Part I of a two-part project.)
Ben & Jerry are producers of ice cream. Even if they produce ice cream for the entire nation, they still must make choices on which flavor to produce! Scarce resources force them to make a choice!
This lesson is 1 of 3 in a unit. In part 1, students learn how the Ford Motor Company successfully introduced mass production strategies to the auto industry.
In this lesson the students will use a variety of print, video, and electronic media to learn about China's place in world economy. They will examine how China is fast becoming a giant consumer of the worlds factors of production. They also will look at China's population and determine how many resources China will need in the future to sustain its growth.
In this lesson, students demonstrate the making of Crayola products to introduce natural, capital, and human resources as well as touching on some other aspects in the Crayola industry, such as producers and consumers.
In this lesson, students will identify a variety of jobs that people perform and determine for each job whether it provides a service or good and explain the importance of having businesses that provide services and goods in their community.
A cowboy rides into a ghost town and decides that it needs to be rebuilt. Students will select the necessary things that a town needs in order for it to function and grow. Students will identify 10 different types of services that are necessary to have in every community. They will identify the differences between a want and a need.
In this lesson, students will select resources that would be useful for space travel with scarcity in mind, work cooperatively in groups to reach decisions, and experience the outcome of their choices and recognize that setting criteria can improve their chances for success.
In this lesson, students will demonstrate that spending is exchanging money for goods and services, compare the price of a good at more than one store, recognize that prices are what people pay for goods and services, and identify that all consumers have limited budgets and must make choices.
In this lesson, students learn how currency values are set by suppy and demand and how changes in the value of currency affect international trade. Students then find the value of the Brazilian Real in 2000 and 2002, determine whether the currency has appreciated or depreciated, and predict the effects on imports and exports.
In this lesson, students will define economic wants and explain how wants are personal and may differ from person to person and illustrate how weather can influence the choice of what to wear and how to play.
This lesson is 2 of 3 in a unit. In part 2, students learn how specialization and investments in capital increased productivity and allowed Ford to slash the price of his popular vehicle.
This lesson is 3 of 3 in a unit. In part 3, students learn how increased productivity resulted in shifts in the supply and demand for the Model T and analyze how a variety of non price determinants continue to influence the automobile market today.
In this lesson students will identify different types of breakfast options and research breakfast choices from around the world.
In this lesson, students learn the meaning and measurement of six important economic indicators and use the St. Louis Federal Reserve Bank National Economic Trends website to assess the current state of the economy.