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The Wizard of Oz Visits Japan

Deflationary conditions in the United States have not returned since the Great Depression. Instead, U.S. policymakers have frequently found it…
Key Concepts: Fiscal Policy
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Hey, Mom! What’s for Breakfast?

In this lesson students working in cooperative groups will: 1.Discuss food items they consume for breakfast. 2.Investigate elements of foreign…
Key Concepts: Consumers, Goods and Services, Producers
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Paraffin-alia

All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice,…
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Goods and Services…
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Population Growth: Friend or Foe?

The environment has recently been the focus of much research and discussion. Because productive resources are limited, it is important…
Key Concepts: Balance of Trade and Balance of Payments, Decision Making/Cost-Benefit Analysis
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Economic Indicators

How do economists make their forecasts about the U.S. economy? What are the economic indicators that help forecast economic activity…
Key Concepts: Consumers, Economic Institutions, Financial Markets…
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Rationing Transplants: An Ethical Problem

On November 1, 1999, Walter Payton, former Chicago Bears running back, died waiting for a liver transplant. Payton's death re-opened…
Key Concepts: Demand, Incentive, Market Structure…
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Are the Best Things in Life Free?

Students use economic reasoning to analyze the costs and consequences of marital choice. "The best things in life are free."…
Key Concepts: Budgeting, Incentive
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Martin Luther King Jr. Day

January 18, 2016 is Martin Luther King Day. Students can explore the history behind this day and this charismatic man…
Key Concepts: Balance of Trade and Balance of Payments, Division of Labor/Specialization
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