Search Results for: math and economics

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…

Banking should not be confusing. It should be INTERESTing! Most students in the elementary grades would love to know more about checking accounts, ATMs, credit cards and all the ways in which their relatives buy the stuff that they want. This lesson provides the students with information on…

In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the role of US government agencies like the FTC and the EPA in providing information to consumers.

ESSENTIAL DILEMMA When, if ever, should the nation prioritize balancing the federal budget?

Working in small groups, students participate in a production simulation (making Valentine's Day greeting cards) to determine the effects of specialization on labor productivity,  the division of labor, and investment in human capital and capital goods. 

Have you ever been the victim of discrimination? That is, have you ever been treated differently from other people based not on your individual merits but because of your age, your gender, or your race? Not sure what discrimination is? With a partner or as a group, discuss a personal…

Students collect data from a hands-on activity involving Colors Goldfish® Baked Snack Crackers to learn how to create a two-way table, find the marginal distribution, and find the conditional distribution. Students then use given data to find marginal and conditional distributions to …

Use the cost of a typical Thanksgiving dinner to teach your students about inflation and the CPI.

Students “produce” blue jeans and make business choices about production to simulate the decision of changing from more expensive, but longer lasting, fabric to cheaper fabric.

Right now you are probably using a pencil to do your school work. But do you know where the pencil came from, or how it is made? Did you know that the Star Spangled Banner, written by Francis Scott Key was first written in pencil? And that a good sized tree can yield enough wood to mak…