This 5 minute video will examine the how unemployment rate is calculated and the various types of unemployment caused by various economic factors. This video will aid enforcing content of standard 5
Economic models are a way of taking complicated ideas and events and breaking them down into their most important characteristics. We use models in economics so that we can focus our attention on a few things instead of getting bogged down a lot of details. In this video, learn more about the role that models play in economics, and the importance of the assumptions that underlie those models.
Learn about how to represent a monopoly market graphically in this video. Topics covered include the profit-maximizing quantity, pricing decisions, and deadweight loss associated with monopolies.
An important skill in microeconomics is the ability to find a firm's profit. Learn more about how to use a graph to identify the profit-maximizing quantity for a firm in a perfectly competitive market, and identify the area that represents the firm's profit or loss.
Accounting profit is what many people tend to think of when they think profit, but an economist would say that you leave something very important out when you do so: opportunity costs. In this video, explore the difference between a firm's accounting and economic profit. Created by Sal Khan.
Lecture notes for a lesson at MIT on game theoretical approaches to decision making, including decision making with uncertain information and analysis of risk. The lesson primarily covers game theory and not economic applications.
ECONOMICS GRADE 10 TOPIC: Introduction to demand By the end of this lesson, learners should know how to:define Economicsdefine demandstate the law of demandlist and discuss the factors which determine demanddraw the demand curve using the demand scheduledifferentiate between changes in quantity demanded and changes in demand
This set of three activities were written by Sophie Haci and Rachel Polukuri of Houston Community College. They cover demand change, minimum wage, and opportunity cost.
A Data Carpentry curriculum for Economics is being developed by Dr. Miklos Koren at Central European University. These materials are being piloted locally. Development for these lessons has been supported by a grant from the Sloan Foundation.
Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!
This lesson plan is for an accelerated, academically gifted 4/5th grade combination class. The unit of study is economics (Social Sciences). The SCoS goals and objectives cross grade levels and curriculum areas because of the nature of the children for whom this lesson was designed. This lesson was designed as a supplemental lesson for a unit I taught called Mini-Society. I taught this unit for the first time this year after attending a workshop at Chapel Hill, NC. This lesson enhances the Mini-Society unit in which children create their own businesses.
Here you will find links to Economics resources for grades K-12, curated from Smithsonian Learning Lab, Council for Economic Education (CEE), Econ Lowdown, EconEdLink, Next Gen Personal Finance (NGPF).
The department of economics at Elon changed its curriculum in 1995 to require an independent senior thesis for all majors. Since that time, this activity has evolved tremendously. In 2009, we changed the curriculum again to require a 2 semester hour Fall seminar component to go along with the 2 semester hours. of independent research each student completes in the Spring of their senior year.
This website is an interactive educational application developed to simulate and visualize various statistical concepts:
Law of Large Numbers
Central Limit Theorem
Confidence Intervals
Hypothesis Testing
ANOVA
Joint Distributions
Least Squares
Sample Distribution of OLS Estimators
The OLS Estimators are Consistent
Omitted Variable Bias
Multiple Regression
Project of Professor Tanya Byker and Professor Amanda Gregg at Middlebury College, with research assistants Kevin Serrao, Class of 2018, Dylan Mortimer, Class of 2019, Ammar Almahdy, Class of 2020, Jacqueline Palacios, Class of 2020, Siyuan Niu, Class of 2021, David Gikoshvili, Class of 2021, and Ethan Saxenian, Class of 2022.
This guide compiles starting points for OER and freely available resources for Economics courses and topics. This OER subject guide was created for TCC faculty and staff and reflects TCC credit, continuing education, and corrections course offerings.. The purpose of this guide is to help faculty and staff more easily find and review OER in their areas so that they can make decisions about quality, accuracy, relevancy, and potential use.
This textbook, Economics: Theory Through Applications, centers around student needs and expectations through two premises: … Students are motivated to study economics if they see that it relates to their own lives. … Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem.
Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students’ economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know.
Employing visuals in conveying economics information,
Lurking beneath our natural desire to ensure that water will always be available to perform its many life-supporting functions is the fear that it will run out. Our thinking (in truth, our feeling) about water tends to be dominated by myth and misunderstanding. We believe that our 'need' for water is exponentially greater than other wants and needs; we also believe that this intense 'need' confers special status, making water a unique resource. We mistrust the ability of people to recognize water's special status, and we assert that only through common or public ownership can we preserve water for future generations. Paradoxically, while our conviction that water is unique derives from our knowledge of its many important uses, we have trouble acknowledging the value of water in anything other than pristine form. We tend to assume that, when it comes to water, there's no such thing as 'too clean.' Unfortunately, in acquiescing to these myths, we make things worse; we create for ourselves an intellectual box that constrains our ability to conserve the resource we value so highly. These lessons challenge the myths and use economic reasoning to suggest a new way to think about our use of this vital resource. In brief, the lessons assert: (1) that in economic terms, water is not fundamentally different from any other resource, good, or service; and (2) that many of the answers to our concerns about water conservation and water quality can be found in markets, the same institution that provides us bread, shoes, underwear, tractors, flowers, computers, charities, flu shots, bubblegum, the collectible craze of the moment, and the myriad other products we find 'essential' to the way we wish to live.
This course uses theoretical models and empirical studies to help understand the economics behind various internet businesses. We will begin with a discussion of relevant topics from industrial organization (IO) including monopoly pricing, price discrimination, product differentiation, and barriers to entry. The main part of the course will be a discussion of a number of online businesses. In the context of those businesses, we will discuss extensions and applications of the ideas from the first section of the course.
