EconEdLink

Related Lessons

Interactive Tool: Making Sen$e with Paul Solman: Airport workers in suburban Seattle take on living wage debate at the ballot box


A Fair Wage

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

Grades: 9-12
Published: 09/27/2001

Who Decides Wage Rates?

In this lesson, students play the role of either buyers or sellers of labor to examine the interconnectedness of individuals and companies in labor markets. Students learn that the demand and supply for labor determine market wage rates and that wages depend, in part, on individual productivity.

Grades: 9-12
Published: 12/31/2014

Phillips Curve

This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about future inflation and included these in their wage demands. At the conclusion of this lesson, students will be able to graph and analyze the effects of a policy to hold unemployment below its natural rate. The goal is for students to see the link between the Phillips Curve and the short-run aggregate supply curve.

Grades: 9-12
Published: 01/07/2010

Related Publications

The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.


Focus: Understanding Economics in U.S. History

Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.

Grades: 9-12
Published: 2006

2 out of 40 lessons from this publication relate to this EconEdLink lesson.

Focus: Economic Systems

Students use a comparative approach to explore concepts and materials that are frequently neglected in other economics courses. An introductory essay provides background information to the 12 classroom-ready lessons.

Grades: 9-12
Published: 2001

1 out of 12 lessons from this publication relate to this EconEdLink lesson.

Focus: Middle School World History

Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.

Grades: 5-8
Published: 2011

1 out of 5 lessons from this publication relate to this EconEdLink lesson.