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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

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

Cowboy Bob Builds a Community

A cowboy rides into a ghost town and decides that it needs to be rebuilt. Students will select the necessary...
Key Concepts: Roles of Government

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…

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…

Satisfaction Please! (Part 3)

Even the savviest consumer has a problem with a good or service on occasion. It is a consumer’s right to...
Key Concepts: Consumers, Economic Institutions, Public-Choice Analysis…

What is Competition?

Students will understand what businesses are, that a marketplace exists whenever buyers and sellers exchange goods and services, and that...
Key Concepts: Business Costs and Revenues, Consumers, Decision Making/Cost-Benefit Analysis…

Hey, Get a Job!

The second of a two-part unit on income-earning endeavors, this lesson has students choose a job or business to engage...
Key Concepts: Budgeting, Entrepreneurs

Hey Pop!

One of the best sounds and smells is fresh popcorn! At the movies, at the fair, or at home, everyone...
Key Concepts: Business Costs and Revenues, Consumers, Decision Making/Cost-Benefit Analysis…