This RSS feed displays the newest lessons published by EconEdLink http://www.econedlink.org/ This lesson provides an introduction and an overview of the Budget Control Act of 2011. Students will be given information about the legislation and presented with different proposals for dealing with the long-term deficit problem of the United States. /e1041 /e1041 Grades: 9-12 Thu, 8 Mar 2012 12:00:00 CST This lesson investigates the value of sports franchises in the various professional sports leagues. Students will investigate the revenues and costs of pro sports teams and determine which teams are the most valuable. Lastly, students will understand the specific rules of the game that leagues employ that influence franchise values. /e949 /e949 Grades: 9-12 Thu, 26 Jan 2012 12:00:00 CST A balance sheet shows the assets, liabilities, and net worth for a business on a given day. This business document is one of the major documents used in evaluating a business. Students will learn the components of a balance sheet by working through many problems to strengthen their understanding. /e1035 /e1035 Grades: 9-12 Mon, 23 Jan 2012 12:00:00 CST Economic concepts are often found in places students have never considered, like children’s literature. In this lesson, students will explore the various economic concepts addressed in five of Dr. Seuss' most popular books: The Cat in the Hat; Green Eggs and Ham; The Lorax; Oh, the Places You’ll Go! and Horton Hears a Who! This lesson assumes the students already have some knowledge of basic microeconomic concepts. Therefore, it would be best utilized as a review or unit summary to reinforce the concepts you have already covered. /e966 /e966 Grades: 9-12 Thu, 19 Jan 2012 12:00:00 CST The role of government is to provide for the common defense, define and protect property rights, and enforce contractual arrangements. Throughout the 20th and early 21st century, government has increased its role in economic life. The role of government has expanded to address so-called market failures and externalities by expanding their regulatory reach to address environmental concerns, monopolistic competition and provide public goods. Governments have also introduced various social programs to provide a social safety net for low-income individuals and senior citizens. /e978 /e978 Grades: 3-5, 6-8 Tue, 3 Jan 2012 12:00:00 CST Students will read the comic book, "A Penny Saved" published by the New York Federal Reserve Bank. Students will make the information relevant through projects, graphic organizers, teacher instruction, and problems. /e1029 /e1029 Grades: 9-12 Tue, 3 Jan 2012 12:00:00 CST Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape future consumer behavior. /e1057 /e1057 Grades: 9-12 Tue, 3 Jan 2012 12:00:00 CST This lesson was written to be used within a Special Education classroom. The costs and benefits of owning an electric or hybrid car will be evaluated in this lesson. By reading and researching the history of the production of electric cars, the lesson allows students to understand how this market has developed. Specifically, the evaluation will focus on the Chevy Volt and its attempt to compete in a constantly evolving market of automobiles. Through this lesson, students will attempt to decide whether the Volt can be competitive in price and range, as well as what incentives need to be provided to make it a more appealing purchase to consumers. There have also been several changes made to the aerodynamics of the prototype of the Volt to the first model released to consumers in order to make the battery more efficient. Finally, students will look at the supply and demand, and production of the Chevy Volt. /e1018 /e1018 Grades: 6-8, 9-12 Tue, 20 Dec 2011 12:00:00 CST Students will use a spreadsheet to enter checkbook transactions and reconcile. /e1013 /e1013 Grades: 9-12 Sun, 18 Dec 2011 12:00:00 CST Students will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, students will see the relationship between a country's aggregate production function and its production possibilities curve. /e852 /e852 Grades: 9-12 Thu, 15 Dec 2011 12:00:00 CST This lesson focuses on the April 27, 2012, first (advance) estimate of U.S. real gross domestic product (real GDP) growth for the first quarter (Q1) of 2012, as reported by the U.S. Bureau of Economic Analysis (BEA). The current data and historical data are explained. The meaning of GDP and potential impacts of changes of GDP are explored. The lesson will also raise questions about the impact of the current level of growth on the U.S. economy and individuals. /e1096 /e1096 Grades: 9-12 Wed, 9 May 2012 12:00:00 CST This lesson focuses on the April 25, 2012, press release by the Federal Reserve System's Federal Open Market Committee (FOMC) on the current Federal Reserve monetary policy actions and goals, and specifically, the federal funds rate target. This lesson is intended to guide students and teachers through an analysis of the actions the Federal Reserve is taking and can take in influencing prices, employment, and economic growth. Through this lesson, students will better understand the dynamics of the U.S. economy, current economic conditions and monetary policies. /e1095 /e1095 Grades: 9-12 Wed, 2 May 2012 12:00:00 CST This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported April 13, 2012, by the U.S. Bureau of Labor Statistics (BLS) for the month of March, 2012. Students read the BLS report, analyze the meaning of the CPI data, determine the change in consumer prices, and explore the impact of the change in the price level on themselves, their families, consumers, and producers. /e1094 /e1094 Grades: 9-12 Wed, 2 May 2012 12:00:00 CST This lesson examines the April 6, 2012, U.S. Department of Labor, Bureau of Labor Statistics, announcement of U.S. employment data and the unemployment rate for the month of March, 2012. This lesson introduces the basic concepts of the BLS employment and unemployment data. The meaning and importance of the data are discussed. Assessment exercises are included for reinforcing knowledge of the concepts. /e1093 /e1093 Grades: 9-12 Wed, 2 May 2012 12:00:00 CST This lesson focuses on the March 29, 2012, third (final) estimate of U.S. real gross domestic product (real GDP) growth for the fourth quarter (Q4) of 2011, as reported by the U.S. Bureau of Economic Analysis (BEA). The current data and historical data are explained. The meaning of GDP and potential impacts of changes of GDP are explored. This lesson will also raise questions about the impact of the current level of growth on the U.S. economy and individuals. /e1092 /e1092 Grades: 9-12 Wed, 18 Apr 2012 12:00:00 CST