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EconEdLink maintains a large library of online economic and personal finance resources for K-12 teachers & their students.

EconEdLink is the leading source of online economic & personal finance lessons & resources for educators and students. Browse by Keyword, Grade, Concept, Author or Standard. Further enhance results by searching for economics or personal finance standards in your state, or by alignment to the Common Core State Standards.

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Grade9-12
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By Liem Tran

This lesson uses a video clip to introduce variable and fixed inputs. Students participate in an activity that demonstrates adding additional inputs to a fixed set of inputs that eventually leads to diminishing marginal returns and higher marginal costs of production. A slideshow provides students with economic information and mathematical calculations such as slope. The worksheet portion is a concrete example of the relationship between differing costs using the concept of slopes.
Key concepts
Average Total Cost, Marginal Cost, Marginal Revenue (MR), Variable Costs (VC)
Rating
Grade9-12
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By Signe Kastberg

Students take a quiz that involves earning income and paying a tax. Through this activity, they generate data that they use to create a table, a graph, and to build equations that represent relationships between quantities. Students scale and label axes as they create graphs of relationships between income and tax. Tables and graphs of data are then used by the students to construct equations representing examples of relationships between income, tax, and average tax ratio. Students explore the graphs to draw conclusions about the impact of different tax structures on families with different incomes. Note: Students should have prior knowledge of graphing linear functions for this lesson.
Key concepts
Average Tax Ratio, Progressive Tax, Proportional Tax, Regressive Tax
Rating
Grade9-12
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By Julie Heath

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of February, 2015, reported March 6, 2015. The lesson focuses on different ways of measuring the demand for labor and how the demand for labor affects the average hourly wage rate, one of the measures used by the Federal Reserve to gauge the health of the labor market.

Key concepts
Demand, Employment, Employment Rate, Labor, Labor Force, Salaries, Unemployment, Unemployment Rate, Wage
Rating
Grade9-12
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By Julie Heath

In this lesson, students explore the advance estimate of real GDP data for the fourth quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the initial estimate of the 4Q 2014 activity. Students will understand the recent trends in real GDP, the role of currency valuation in affecting GDP, and some of the other consequences of a strong dollar in terms of influencing economic variables.

Key concepts
Balance of Trade, Exchange Rate, Exports, Gross Domestic Product (GDP), Imports, Macroeconomic Policies, Macroeconomics, Net Exports, Real Gross Domestic Product (GDP), Value of Money
Rating
Grade9-12
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By Julie Heath

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of January, 2015, reported Feb. 6, 2015. The lesson focuses on alternative ways to measure the health of the labor market.
Key concepts
Employment, Employment Rate, Labor Force, Labor Market, Unemployment, Unemployment Rate
Rating
Grade9-12
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By Julie Heath

Using data from the Bureau of Labor Statistics for the Consumer Price Index (CPI), students explore the latest release for January 2015, analyze the extent to which consumer misperception about the inflation rate can exist, and explore the consequences of this misperception.

Key concepts
Consumer Price Index (CPI), Inflation, Macroeconomic Indicators, Price Level
Rating
Grade9-12
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By Signe Kastberg

Students explore budget constraints by solving a contextual problem involving the purchase of goods on a fixed income. Adjustments to the quantities of two goods are used to explore the meaning of points on a graph and relationships between quantities and disposable income. Students scale and label axes as they create graphs of relationships between two goods they want to purchase with a fixed income. Students create a representation of a budget constraint and predict the effects of changes in income and the prices of goods on the representation of the budget constraint.

Key concepts
Budget, Income, Trade-off
Rating
Grade9-12
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By Andrea Caceres-Santamaria

Students describe and identify where certain items they own come from and the approximate price of these items. They learn that to purchase an imported item they have to pay the people from whom the item was imported in their country’s currency. Moreover, if they want to travel to another country, they have to pay for the goods and services they buy in that country’s currency. Students calculate exchange rates and derive an equation to convert prices for goods in one country’s currency compared with another.

Key concepts
Depreciation of Currency, Exchange Rate

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