A new report shows 45 percent of young adults who recently got a college degree are underemployed, and the next generation of classical performers are no exception. Economics correspondent Paul Solman reports on how artists are adapting to hard economic times and an incredibly competitive job market.
Demand, Equilibrium Price, Quantity Demanded, Quantity Supplied, Technological Changes, Determinants of Demand, Human Capital, Labor Market, Law of Demand, Law of Supply, Human Capital Investment, Work Ethic
OTHER RELATED LESSONS
When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, it is doubtful even he realized the far reaching impact such an achievement would have on life in the U.S. and eventually, the world. Ford’s use of mass production strategies to manufactu...
Grades 6-8, 9-12
To stay in business, fashion merchandisers must be able to anticipate what consumers want. By looking at different retail websites, students will look to anticipate what consumers are demanding. Students will then go through the market scenarios for each product and try to anticipate the ...
Grades 6-8, 9-12
During the Gold Rush, people paid exorbitant prices for ordinary objects. Why? Because of the laws of supply and demand, that's why! In the lesson, students will see how these laws fit into this great historical time.
Grades 3-5, 6-8
Students are introduced to the concepts of supply and demand. They will construct a supply and demand graph, compute the equations of the lines, utilize a system of equations, and solve the system by the substitution method to confirm the equilibrium point.
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...