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Understanding a Balance Sheet

A balance sheet shows the assets, liabilities, and net worth for a business on a given day. This business document...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Insurance

A Penny Saved

In this economics lesson, students will read and discuss the comic book, “A Penny Saved".
Key Concepts: Balance of Trade and Balance of Payments, Credit, Economic Institutions…

Avatar, King of the Box Office?

On January 26, 2010, the film Avatar officially topped Titanic as the top-grossing film of all-time at the box office....
Key Concepts: Fiscal Policy, Real vs. Nominal

Balance of Payments (BOP)

International trade allows countries to buy and sell both domestic and foreign goods, as well as services and financial assets....
Key Concepts: Balance of Payments, Balance of Trade and Balance of Payments

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

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

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: Balance of Trade and Balance of Payments, Budgeting, Decision Making/Cost-Benefit Analysis…

The Higher you Climb, The More You Pay

Students will take a "Virtual Tour" of the Eiffel Tower in Paris France and locate the price of a bottle...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Demand…

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…

Agent Pincher: The Case of the UFO

Agent Pincher: The Case of the UFO--Unfamiliar Foreign Objects. That is what currency from another country may look like. Sometimes...
Key Concepts: Balance of Trade and Balance of Payments, Foreign Exchange, Money…

Clipping Coupons

In this lesson, students will calculate savings for different products when using coupons. They will also decide what factors will...
Key Concepts: Decision Making/Cost-Benefit Analysis, Incentive, Markets and Prices…

What's My Interest?

Students explore the concept of interest by means of two activities. The first, a simple activity with jellybeans, introduces the...
Key Concepts: Balance of Trade and Balance of Payments, Credit, Economic Institutions

Show Me the Money!

Students will investigate the unforeseen costs of car loans and/or house loans. They will then evaluate the economics of decision...
Key Concepts: Budgeting, Choice, Consumers…

Marketplace: Let's Go Euro!

With the start of the new year in 2002, the 12 members of the European Union launched a single currency...
Key Concepts: Foreign Exchange, Productivity, Trade, Exchange and Interdependence

Multipliers and the Mystery of the Magic Money

Students learn about the purpose of the reserve requirement, how money is "created" in the economy through fractional reserves, and...
Key Concepts: Economic Institutions, Fiscal Policy, Markets and Prices