Search Results for: math and economics

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…

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 then compared to the salaries of tho…

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…

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…

In this personal finance lesson, students will investigate opportunity cost by using slope.

In this personal finance lesson, students will use breakeven analysis formula to analyze investment options.

Students will use a spreadsheet to enter checkbook transactions and reconcile.

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…

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.

This lesson guides students through web sites that examine careers that are typically of interest to 3rd- through 5th-grade students. By completing the steps outlined in the lesson, the students will explore careers and report their findings.