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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

Jokes, Quotations, and Cartoons in Economics

Students will apply their knowledge of economics to the analysis and interpretation of jokes, quotations, and cartoons in economics. Students...
Key Concepts: Budget Deficit, Business, Business Cycles…

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

A New Coat for Anna - Barter and Trade

By reading the book "A New Coat for Anna" students will learn about resources and trade/bartering through a young girl,...
Key Concepts: Barter, Money, Resources

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

The Mitten

This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow...
Key Concepts: Scarcity