Governments and other financial organizations are constantly measuring trends in the economy to try to predict what will happen next. The ability to successfully economic trends has a profound effect on whether or not a business will make a profit or lose money. The economy also affects people's personal lives by helping them make good decisions: Is this a good time to buy a car? Refinance your home? Take a new job? One of the measurements used to evaluate and predict the economy is the CPI, or Consumer Price Index.
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 EatTurkey.com, 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.
'The Wizard of Oz' is perhaps the most popular film ever made. Generations of families have enjoyed this classic tale of Dorothy's struggle to return home from a faraway land. What is not well known, however, is that 'The Wonderful Wizard of Oz,' the 1900 book authored by L. Frank Baum (upon which the movie is based), is a thinly veiled economic and political commentary on the debate over 'sound money' at the end of the 1800s in the United States. What in the world could Baum's happy fantasy have to do with monetary policy? This EconomicsMinute examines the historical relationship between the money supply and the price level. This analysis helps us to understand the effects of the current deflation in the Japanese economy as well as the length and severity of the Great Depression in the United States in the 1930s. This lesson points out why it is so important for a central bank to strike a balance between inflationary and deflationary concerns.
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.
Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
3 out of 9 lessons from this publication relate to this EconEdLink lesson.
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
3 out of 40 lessons from this publication relate to this EconEdLink lesson.
This publication contains 20 lessons designed to provide an economic insight into topics typically covered in may civics and government classes.
2 out of 21 lessons from this publication relate to this EconEdLink lesson.