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Utility

Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal...
Key Concepts: Decision Making/Cost-Benefit Analysis, Demand, Wants

How Much Does it Cost Now?

Students will use the FRED database to download the Consumer Price Index (CPI) and calculate the equivalent price of a...
Key Concepts: Fiscal Policy

Economic Indicators for Informed Citizens

Newly updated! This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate....
Key Concepts: Consumer Price Index (CPI), Employment and Unemployment, Gross Domestic Product (GDP)…

Traditional Economies and the Inuit

The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have...
Key Concepts: Demand, Economic Systems, Goods and Services…

Okun's Law

The students sharpen their graphing skills by interpreting the relationship between changes in the unemployment rate (%) and real GDP....
Key Concepts: Employment and Unemployment

The Family Vacation

Students will take a surprise trip around the world. As they travel, they will use clues to discover where they...
Key Concepts: Foreign Exchange, Money, Trade, Exchange and Interdependence

You're Going to College

In this personal finance lesson, students will explore the cost of a college education to make more informed choices.
Key Concepts: Decision Making/Cost-Benefit Analysis

Exploring Taxes

In this personal finance lesson, students will explore websites to learn about income taxes.
Key Concepts: Income, Taxes

Transportation: They Say We Had a Revolution (Part 3)

Advancements in transportation have played a key role in the growth of our nation. U.S. government policies have also had...
Key Concepts: Balance of Trade and Balance of Payments, Business Costs and Revenues, Economic Systems…

Transportation: They Say We Had a Revolution (Part 1)

Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a...
Key Concepts: Balance of Trade and Balance of Payments, Benefits of Trade, Business Costs and Revenues…

What Happened to Railroads?

Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral...
Key Concepts: Business Costs and Revenues, Credit, Decision Making/Cost-Benefit Analysis…

It's a Not So Wonderful Life

In this lesson students learn about banks and banking. The study the fractional reserve system, and the role the Fed...
Key Concepts: Economic Institutions, Markets and Prices, Money…

Banks & Credit Unions (Part I)

Students learn about banks and credit unions, identifying similarities and differences between the two types of financial institution. They also...
Key Concepts: Banking, Decision Making/Cost-Benefit Analysis, Economic Institutions…