This RSS feed displays the newest lessons published by EconEdLink http://www.econedlink.org/ Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility. http://www.econedlink.org/lessons/index.php?lesson=925&page=teacher http://www.econedlink.org/lessons/index.php?lesson=925&page=teacher Grades: 9-12 Wed, 18 Aug 2010 12:00:00 CST In this lesson, students will learn about the gains from trade. Students will participate in a trading game that will demonstrate that trade can make everyone better off. http://www.econedlink.org/lessons/index.php?lesson=855&page=teacher http://www.econedlink.org/lessons/index.php?lesson=855&page=teacher Grades: 6-8, 9-12 Mon, 26 Jul 2010 12:00:00 CST Students will use the FRED database to download the Consumer Price Index (CPI) and calculate the equivalent price of a product from an earlier time to the relative price today. Students will discuss the limits of using a weighted index and changes in the quality of products when calculating the relative prices of goods from two time periods. http://www.econedlink.org/lessons/index.php?lesson=865&page=teacher http://www.econedlink.org/lessons/index.php?lesson=865&page=teacher Grades: 9-12 Thu, 3 Jun 2010 12:00:00 CST This lesson focuses on the April 28, 2010, press release by the Federal Reserve System's Federal Open Market Committee (FOMC) on the current Federal Reserve monetary policy actions and goals. 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. http://www.econedlink.org/lessons/index.php?lesson=909&page=teacher http://www.econedlink.org/lessons/index.php?lesson=909&page=teacher Grades: 9-12 Thu, 6 May 2010 12:00:00 CST In this lesson, students receive raw data to construct a Lorenz Curve and calculate the Gini Coefficient. This lesson prepares AP Microeconomics students for the Advanced Placement exam. The teacher will briefly interpret the Gini Coefficient. http://www.econedlink.org/lessons/index.php?lesson=885&page=teacher http://www.econedlink.org/lessons/index.php?lesson=885&page=teacher Grades: 9-12 Mon, 5 Apr 2010 12:00:00 CST In this lesson, students will learn about choices and opportunity costs that occur every day. While this lesson will go on throughout the day, the actual lesson is short. http://www.econedlink.org/lessons/index.php?lesson=738&page=teacher http://www.econedlink.org/lessons/index.php?lesson=738&page=teacher Grades: K-2, 3-5 Wed, 24 Mar 2010 12:00:00 CST The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have taught their children the survival skills needed to survive in the Arctic Circle's severe climate. Students will research the Inuit economy and compare and contrast it with the United States' market economy. http://www.econedlink.org/lessons/index.php?lesson=795&page=teacher http://www.econedlink.org/lessons/index.php?lesson=795&page=teacher Grades: 9-12 Tue, 12 Jan 2010 12:00:00 CST This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about future inflation and included these in their wage demands. At the conclusion of this lesson, students will be able to graph and analyze the effects of a policy to hold unemployment below its natural rate. The goal is for students to see the link between the Phillips Curve and the short-run aggregate supply curve. http://www.econedlink.org/lessons/index.php?lesson=850&page=teacher http://www.econedlink.org/lessons/index.php?lesson=850&page=teacher Grades: 9-12 Thu, 7 Jan 2010 12:00:00 CST Students will learn about supply, demand, price, competition, and entrepreneurial skills in this lesson. They will put what they learned into action by creating an ice cream stand, to complete with other stands in the classroom. http://www.econedlink.org/lessons/index.php?lesson=853&page=teacher http://www.econedlink.org/lessons/index.php?lesson=853&page=teacher Grades: 6-8 Wed, 2 Dec 2009 12:00:00 CST Credit Cards are a risky business these days, especially for students and those holding multiple cards. Interest rates on credit card balances have always been high relative to other rates, for several reasons. Despite this, there is still a demand for the "plastic money" that many people see as convenient and ideal with the increasingly technological world economy. This lesson explores many issues surrounding credit cards- from what to look for when selecting a card to what the government is doing to aid consumers. http://www.econedlink.org/lessons/index.php?lesson=847&page=teacher http://www.econedlink.org/lessons/index.php?lesson=847&page=teacher Grades: 9-12 Fri, 20 Nov 2009 12:00:00 CST This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported May 19, 2010, by the U.S. Bureau of Labor Statistics (BLS) for the month of April, 2010. Students read data from 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. http://www.econedlink.org/lessons/index.php?lesson=916&page=teacher http://www.econedlink.org/lessons/index.php?lesson=916&page=teacher Grades: 9-12 Wed, 2 Jun 2010 12:00:00 CST This lesson examines the May 7, 2010, U.S. Department of Labor, Bureau of Labor Statistics, announcement of employment data and the unemployment rate for the month of April, 2010. 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. http://www.econedlink.org/lessons/index.php?lesson=915&page=teacher http://www.econedlink.org/lessons/index.php?lesson=915&page=teacher Grades: 9-12 Mon, 24 May 2010 12:00:00 CST This lesson focuses on the April 30, 2010, first (advance) estimate of U.S. real gross domestic product (real GDP) growth for the first quarter (Q1) of 2010, 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. http://www.econedlink.org/lessons/index.php?lesson=912&page=teacher http://www.econedlink.org/lessons/index.php?lesson=912&page=teacher Grades: 9-12 Tue, 11 May 2010 12:00:00 CST This lesson focuses on the April 28, 2010, press release by the Federal Reserve System's Federal Open Market Committee (FOMC) on the current Federal Reserve monetary policy actions and goals. 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. http://www.econedlink.org/lessons/index.php?lesson=909&page=teacher http://www.econedlink.org/lessons/index.php?lesson=909&page=teacher Grades: 9-12 Thu, 6 May 2010 12:00:00 CST This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported April 14, 2010, by the U.S. Bureau of Labor Statistics (BLS) for the month of March, 2010. 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. http://www.econedlink.org/lessons/index.php?lesson=907&page=teacher http://www.econedlink.org/lessons/index.php?lesson=907&page=teacher Grades: 9-12 Mon, 3 May 2010 12:00:00 CST