Students will be able to:
- Identify business competition in the community.
- Explain how the opening of a second pizza shop in a small community affects prices, profits, service, quality and choices.
- Identify benefits to consumers when competition is present in the marketplace.
Grades 6-8, 9-12
In this economics lesson, students analyze shifts in supply and demand in the auto market and related markets.
Key Concepts: Demand, Markets and Prices, Supply
In this economics lesson, students will use real-world examples to understand how consumers and producers interact.
Key Concepts: Consumers, Producers
In this economics lesson, students will compute exchange rates to learn their impact on international trade.
Key Concepts: Markets and Prices, Trade, Exchange and Interdependence