How many students would demand a cell phone that costs $3,995? That was the price of the first cell phone available to the public, the DynaTAC8000X, in 1983. By 2011, the average price of a smartphone was $135, and more people were buying cell phones. In this lesson, students will learn about demand and its determinants by examining the Internet subscription, food, and car industries.
With its, emerging middle class, its new markets, and a new emphasis on increasing its technology base, where is China going to fit in the world economy?
How does a market economy determine prices? Students graph supply and demand curves for pizza in the fictional town of Pizzaville using two data sets and learn that consumers are willing to buy more pizzas at lower prices while sellers are willing to produce more pizzas at higher prices. The intersection of the supply and demand curves is the market price.
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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.
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Use this DVD program to show students how to live healthy, wealthy and risk-free.
10 out of 12 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.
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