Search Results for: baseball

Showing 1 - 10 out of 15 results

6-8, 9-12

Sports Economics: The Mystery of the 2,333,232% Pay Raise

Students will use the "Handy Dandy Guide to Economic Thinking" to solve an economic mystery. Yasiel Puig left his home country of Cuba in 2012 to further his career as a professional baseball player in the United States. After joining the Los Angeles Dodgers, Puig saw his annual…
Lesson

9-12

Was Babe Ruth Under Paid?

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…
Lesson

6-8, 9-12

Collecting for Fun . . . and Profit?

Art, baseball cards, coins, comic books, dolls, jewelry and stamps are just a few examples of the many things people collect. While some people collect for fun — others hope to profit. In this lesson, students explore how supply and demand influence the price of collectibles. The…
Lesson

9-12

The Economics of Pro Sports: Why are the Cowboys and Yankees so Valuable?

This lesson investigates the value of sports franchises in the various professional sports leagues. Students will investigate the revenues and costs of pro sports teams and determine which teams are the most valuable. Lastly, students will understand the specific rules of the game that lea…
Lesson

6-8

Fad or Fortune

This lesson focuses on collectibles and how they retain, lose, or gain value. In each round of a trading simulation, students will learn more about the value of their collectibles and discuss why items gain or lose value. They will record and reflect on their strategies for each round
Lesson

3-5

Music, Maestro, Please: Show Business and the Factors of Production

The city of Philadelphia, Pennsylvania recently opened a $300 million dollar center for the performing arts, the Kimmel Center. This lesson was developed for a special teacher workshop to incorporate economics and the arts to teach kids about Productive Resources. The lesson illustrate…
Lesson