Economics

31 Lesson Plans Available

Economics Overview

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Top Economics Lesson Plans

Understanding the Law of Supply: How Prices Influence Production
Economics High School

Understanding the Law of Supply: How Prices Influence Production

This lesson explores the fundamental economic principle of the Law of Supply, examining how changes in price affect the ...

Income Elasticity: Normal vs. Inferior Goods
Economics High School

Income Elasticity: Normal vs. Inferior Goods

This lesson explores the concepts of normal and inferior goods, focusing on how changes in income affect the demand for ...

Understanding the Law of Demand: Prices and Quantities
Economics High School

Understanding the Law of Demand: Prices and Quantities

Explore the fundamental economic principle of the law of demand, examining the inverse relationship between price and qu...

Comparative Advantage and Gains from Trade: When Trade Doesn't Pay
Economics High School

Comparative Advantage and Gains from Trade: When Trade Doesn't Pay

Explore the conditions under which countries do not benefit from trade, focusing on comparative advantage and opportunit...

Comparative Advantage: From Input to Output
Economics High School

Comparative Advantage: From Input to Output

Learn how to determine comparative advantage using the input approach, converting input data to output data, and calcula...

Unlocking Production Possibilities: Trade-offs and the PPF
Economics High School

Unlocking Production Possibilities: Trade-offs and the PPF

Explore the concept of the Production Possibilities Frontier (PPF) through a hunter-gatherer scenario, understanding tra...

Related Educational Standards

SOC.9-12.E.1.1:Define and apply basic economic concepts of money supply, scarcity, surplus, choice, opportunity cost, cost/benefit analysis, risk/reward relationship, incentive, disincentive, and trade-off to a variety of economic situations. (23) SOC.9-12.E.3.1:Analyze how price and non-price factors affect the demand and supply of goods and services available in the marketplace. (14) SOC.9-12.E.2.2:Describe the role of the factors of production, land, labor, capital, entrepreneurship, and technology as well as the place of imports and exports in economic systems. (7) SOC.9-12.E.10.3:Explain how changes in supply and demand cause prices to change and in turn, cause buyers and sellers to change, including changes in price of productive resources and technologies used to make the product, profit opportunities available to producers for selling other products, number of sellers in a market, consumer incomes, consumer options, and the number of consumers in a market. (6) SOC.9-12.E.1.2:Determine appropriate courses of economic actions using a variety of economic reasoning and decision-making models. (6) SOC.9-12.E.2.5:Describe the impact of comparative and absolute advantage upon the three basic economic questions. (6) SOC.9-12.E.1:[Standard] develop and apply economic reasoning and decision-making skills. (3) SOC.9-12.E.4.2:Explain how people’s own self-interest, incentives, and disincentives influence market decisions. (3) SOC.9-12.E.2:Evaluate how societies answer the three basic economic questions: what goods and services to produce, how to produce them and for whom are they produced. (3) SOC.9-12.E.1:develop and apply economic reasoning and decision-making skills. (2)

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