Related Lessons

Lesson: Avatar, King of the Box Office?

Let's Talk Turkey: The Cost of Thanksgiving Dinner

How does your family celebrate Thanksgiving? Are you joined by friends and/or family for a special feast? What do you eat? Most American families celebrate Thanksgiving by cooking turkey. According to, approx. 88 percent of U.S. households eat turkey on Thanksgiving at an average weight of 16 lbs a turkey that adds up to 736 million pounds that will be eaten this Thanksgiving.

Grades: 9-12
Published: 11/16/1999

How Much Does it Cost Now?

Students will use the FRED database to download the Consumer Price Index (CPI) and calculate the equivalent price of a product from an earlier time to the relative price today. Students will discuss the limits of using a weighted index and changes in the quality of products when calculating the relative prices of goods from two time periods.

Grades: 9-12
Published: 06/03/2010

Was Babe Ruth Under Paid?

This lesson demonstrates a method for teaching students about inflation and the Consumer Price Index, using baseball players' salaries for purposes of illustration. Babe Ruth's salary from 1931 is adjusted to account for changes in the price level and is then compared to the salaries of those playing major league baseball players today.

Grades: 9-12
Published: 01/12/2006

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.

Economics in Action: 14 Greatest Hits for Teaching High School Economics

Economics in Action combines 14 favorite CEE simulations, role-playing activities, group activities and classroom demonstrations in one volume.

Grades: 9-12
Published: 2003

1 out of 14 lessons from this publication relate to this EconEdLink lesson.