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Related Lessons

Lesson: CPI- The Crystal Ball


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 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.

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

The Wizard of Oz Visits Japan

Deflationary conditions in the United States have not returned since the Great Depression. Instead, U.S. policymakers have frequently found it necessary to battle inflation over the past sixty years. While not a problem in America, concerns have been recently voiced about the economic effects of deflation in Japan. This EconomicsMinute examines (approximately one century after the publication of "The Wonderful Wizard of Oz") the extent to which the deflationary "wizard" can be expected to influence economic prosperity in Japan at the dawn of the twenty-first century.

Grades: 9-12
Published: 10/18/1999

The Road to Emerald City Is Paved with Good Intentions

'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.

Grades: 9-12
Published: 09/09/1999

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.


Capstone: Exemplary Lessons for High School Economics - Teacher's Guide

This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.

Grades: 9-12
Published: 2003

9 out of 45 lessons from this publication relate to this EconEdLink lesson.

Advanced Placement Economics: Teacher Resource Manual

The teacher guide accompanies the student activities books in macro- and microeconomics for teaching college-level economics in AP Economics courses. The publication contains course outlines, unit plans, teaching instructions, and answers to the student activities and sample tests.

Grades: 9-12
Published: 2003

7 out of 58 lessons from this publication relate to this EconEdLink lesson.

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

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