Search Results for: math and economics

Showing 21 - 30 out of 43 results

Grades 9-12

Who Decides Wage Rates?

In this lesson, students play the role of either buyers or sellers of labor to examine the interconnectedness of individuals and companies in labor markets. Students learn that the demand and supply for labor determine market wage rates and that wages depend, in part, on individual productivity.
Lesson

Grades 9-12

Understanding and Analyzing an Income Statement

The income statement is one of the most important financial statements used in making business decisions. The income statement is an analytical tool that can be used in business and personal finance that summarizes business and personal transactions for a time period. Students must learn the…
Lesson

Grades 9-12

Was Babe Ruth Under Paid?

Updated with 2022 MLB information! This lesson demonstrates a method for teaching students about inflation and the Consumer Price Index, using baseball players' salaries for purposes of illustration. Babe Ruth's salary from 1931 is adjusted to account for changes in the price level and is …
Lesson

Grades 6-8

Sand Art Brownies

In this lesson, you will learn about substitute goods. You will have choices to make in your role as a shopper. In making these choices, you will decide whether you are willing to accept one good as a substitute for another or not. Are you willing to make substitutions at the grocery store…
Lesson

Grades K-2

Off to Interactive Island

This activity provides a fun way to explore concept of economic decision making. In the lesson, students are given a limited number of “tokens” and asked to exchange those tokens for goods in preparation for pioneering in a new land. They are then asked to identify what they ha…
Lesson

Grades 6-8, 9-12

Could You Earn a Million Dollars?

This lesson is designed to acquaint students with the relationship between earnings and education. The data are very clear regarding one’s earning potential and educational attainment. That is, the more education an individual has the greater his or her earning potential. This is an…
Lesson

Grades 3-5

The Grasshopper and the Ant

Understanding the concept of opportunity cost is critical for good decision making. The ability to identify the opportunity cost—the highest valued alternative that must be given up when another option is chosen—helps people to assess their alternatives.
Lesson