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Economics and You

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Economics and You

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Understanding economics, what some people call "economic literacy," is becoming essential for citizens in our national and increasingly interconnected world economy. Increasingly, productive members of society must be able to identify, analyze, and evaluate the causes and consequences of individual economic decisions and public policy including issues raised by constraints imposed by scarcity, how economies and markets work, and the benefits and costs of economic interaction and interdependence. Such literacy includes analysis, reasoning, problem solving, and decision making that helps people function as consumers, producers, savers, investors, and responsible citizens. - From the Michigan Grade Level Content Expectations

Subject:: Economics; Social Science
Material Type:: Textbook
Provider:: MIOpenBook
Provider Set:: Michigan Open Book Project
Author:: Brian Weaver; Katie Hintz; Kelly Dutcher; Kim Noga; Ronalyn Arsenau; Travis Balzar
Date Added:: 08/15/2015

Economics and the Environment

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Economics and the Environment

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How are economics and the environment related? The quick answer is that environmental quality is a worthy goal, but there is an economic trade-off: a clean environment does not come without costs. The September 2014 Page One Economics article, "Economics and the Environment, "provides some economic strategies for protecting the environment.

Subject:: Economics; Social Science
Material Type:: Lesson; Reading
Provider:: Federal Reserve Bank of St. Louis
Provider Set:: Page One Economics
Author:: Scott A. Wolla
Date Added:: 10/09/2014

Economics and the Tragedy of the Commons

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Economics and the Tragedy of the Commons

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In both macroeconomics and microeconomics principles courses, economists teach the virtue of markets as an allocative mechanism. But markets sometimes fail. This example allows students to simulate the market failure associated with a common property resource, a salmon fishery, and evaluate ways to control fishing. The simulation also shows the distributional results of different allocative mechanisms. The simulation was developed by Paul Romer at Stanford University and is available on the Aplia web site.

Subject:: Business and Communication; Economics; Social Science
Material Type:: Activity/Lab
Provider:: Science Education Resource Center (SERC) at Carleton College
Provider Set:: Starting Point (SERC)
Author:: Betty Blecha
Date Added:: 08/28/2012

Economics for Leaders

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Economics for Leaders

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Economics for Leaders (EFL) is designed to introduce young individuals to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators. The curriculum materials, including background outlines for teachers and classroom-ready simulations and activities to engage students, support the teaching of critical thinking skills by equipping students with the tools of the economic reasoning. Five economic reasoning propositions for the foundation for teaching and learning the economic way of thinking.

Subject:: Economics; Social Science
Material Type:: Activity/Lab; Assessment; Lesson Plan
Provider:: Foundation for Teaching Economics
Date Added:: 07/16/2012

Economics for Life: Real-World Financial Literacy

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Economics for Life: Real-World Financial Literacy

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America has evolved into an ownership society. Home-buying decisions, resource allocation, debt exposure, and financial planning for the future are now left to individuals, many of whom may lack the financial understanding to evaluate and make sound decisions. Economics, with its insistence on quantifying ideas and putting specific quantitative values on all manner of phenomena, can help sort through the questions. Economics for Life: Real-World Financial Literacy is designed to help soon-to-be college graduates start their "real lives" with a better understanding of how to analyze the financial decisions that they will soon have to make. Written in an easy-to-read, conversational style, this textbook will help students learn how to make decisions on saving and investing for retirement, buying a car, buying a home, as well as how to safely navigate the use of debit and credit cards.

Subject:: Business and Communication; Economics; Finance; Social Science
Material Type:: Textbook
Provider:: Temple University
Author:: Donald T. Wargo
Date Added:: 04/06/2023

Economics for the Greater Good

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Economics for the Greater Good

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An Introduction to Economic Thinking for Public Policy

Short Description:
Economics for the Greater Good teaches the central concepts of economics through applications to global challenges and domestic public policy issues. The chapters introduce and apply key economic concepts such as production or supply and demand to challenges including hunger, homelessness, poverty, trade, pollution, crime, discrimination, and health care.

Long Description:
Economics for the Greater Good: An Introduction to Economic Thinking for Public Policy teaches the central concepts of economics through applications to global challenges and domestic public policy issues. Chapters tackle issues of hunger, homelessness, rent control, minimum wages, globalization and trade, crime, discrimination, poverty and anti-poverty programs, education, pollution, health care, social safety nets, and government spending. Both microeconomic and macroeconomic concepts are introduced, including production, markets, supply and demand, price controls, models of trade and trade restrictions, cost-benefit analysis, budget constraints, public goods, externalities, taxes and subsidies, and government budgets and debt. Each chapter presents evidence on a pressing social problem, introduces an economic model to help understand that problem, and discusses evidence on what programs and policies work to alleviate global challenges.

Word Count: 54058

(Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)

Subject:: Economics; Social Science
Material Type:: Textbook
Author:: Caroline Krafft
Date Added:: 12/09/2019

Economics in U.S. History

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Economics in U.S. History

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Economics in U.S. History is comprised of seven lessons and is designed to introduce students to basic economic concepts through analyzing diverse perspectives on the subject. Students will be engaged in a dynamic, interactive, and constructivist process of exploring media representations of economic issues in U.S. history. Such issues include the free market, industrialization, and The Living Wage Campaign. The kit will teach students to identify the Ě_Ě_ÝlanguageĚ_Ě_ĺ of construction of different media forms and to analyze and evaluate the meaning of mediated messages about economics. This kit was designed for 8th grade U.S. history, but the document-decoding approach can be adapted for and used from middle school through high school.

Subject:: Arts and Humanities; Economics; History; Social Science; U.S. History
Material Type:: Activity/Lab; Diagram/Illustration; Homework/Assignment; Lesson Plan; Reading; Teaching/Learning Strategy; Unit of Study
Provider:: Ithaca College
Provider Set:: Project Look Sharp
Author:: Chris Sperry; Cindy Kramer
Date Added:: 05/09/2013

The Economics of Choosing the Right Career

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The Economics of Choosing the Right Career

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As many who entered the labor market following the Great Recession know all too well, graduating with a college degree does not mean you’ll easily fall into a good career. Four-year college graduates with entry-level jobs actually earned more in 2000 than they’re earning today and student loan debt burdens are higher than ever.

Does this mean you should skip college or drop-out? Not necessarily. Unemployment is still lower for those with undergraduate and higher degrees. However, understanding the economics behind the labor market will make finding a career a more manageable task.

The labor market in the United States has undergone many changes in the past few decades. Whereas we once had many manufacturing jobs that required little training or specialized skills, the labor market today demands more people who can work with computers and information technology.

Choosing a good career requires planning beyond getting a college education. You’ll want to carefully consider the career options available for your major, as well any specialized skills you’ll need to build outside of the classroom.

It’s also essential to understand how supply and demand affect your career options. How many people are also choosing that major vs. how many employers are looking for those skills? Is a particular career path susceptible to being replaced by a machine? What about outsourcing in the global labor market? What about laws and regulation – does it require an occupational license?

There’s a lot to think about! Choosing a career is a huge decision and understanding how supply and demand rule the labor market will help you better navigate your future.

Subject:: Career and Technical Education; Economics; Social Science
Material Type:: Lecture; Lesson
Author:: Tyler Cowen
Date Added:: 04/25/2024

The Economics of Death: Crash Course Economics #30

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The Economics of Death: Crash Course Economics #30

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We need to have a talk about your future. You're going to die. We all are. And it's probably going to be expensive. This week on CC Econ, Adriene is talking about the economics of death. Some of the expense is tied to the cost of end-of-life health care, but funerals are a big business, too.

Subject:: Economics; Social Science
Material Type:: Lecture
Provider:: Complexly
Provider Set:: Crash Course Economics
Date Added:: 04/16/2016

Economics of Disasters

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Economics of Disasters

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This set of lessons looks at a variety of natural disasters from the Black Death of the Middle Ages to Hurricane Katrina in our too-recent memory, to fears of avian flu pandemics that haunt the future through the lens of economic analysis. The contexts were chosen to facilitate the teaching of economic reasoning principles not only in economics courses, but also in history and the other social studies disciplines. Each lesson addresses a question that reflects people's compassionate reaction to news of disaster and develops one or two key tools of economic analysis in answering that question. Case studies of past disasters provide real-world illustrations. Mandated content standards and testing have kicked 'current events' days from the social studies classroom calendar, transforming disasters from 'teachable moments' to curricular inconvenience. Using the economic way of thinking to sift through the chaos of natural disasters, however, reveals threads of uniformity running through the litany of horrors and devastation unique to each event. Once identified, the common features of past disasters form a template for analyzing 'the next one,' allowing teachers to quickly incorporate today's unexpected news into the planned curriculum outline.

Subject:: Economics; Social Science; Sociology
Material Type:: Activity/Lab; Assessment; Case Study; Lesson Plan
Provider:: Foundation for Teaching Economics
Date Added:: 07/16/2012

The Economics of Drug Legalization: A Double Entry Journal

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The Economics of Drug Legalization: A Double Entry Journal

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The activity is designed to be an interative lecture segment during a larger interactive lecture class period. The technique demonstrated through this example is a double entry journal.

Subject:: Economics; Social Science
Material Type:: Activity/Lab
Provider:: Science Education Resource Center (SERC) at Carleton College
Provider Set:: Pedagogy in Action
Author:: Barbara Millis
Date Added:: 11/06/2014

Economics of Education

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Economics of Education

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This class discusses the economic aspects of current issues in education, using both economic theory and econometric and institutional readings. Topics include discussion of basic human capital theory, the growing impact of education on earnings and earnings inequality, statistical issues in determining the true rate of return to education, the labor market for teachers, implications of the impact of computers on the demand for worker skills, the effectiveness of mid-career training for adult workers, the roles of school choice, charter schools, state standards and educational technology in improving K-12 education, and the issue of college financial aid.

Subject:: Economics; Education; Social Science
Material Type:: Full Course
Provider Set:: MIT OpenCourseWare
Author:: Levy, Frank
Date Added:: 02/01/2007

Economics of Education: Crash Course Economics #23

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Economics of Education: Crash Course Economics #23

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How does education work? Where does the money come from? Who pays for it? Is going to college a good investment? Adriene and Jacob are talking today about the economics of education. Most countries require that their citizens get some education, and most countries pay for basic education, but the quality of education can vary widely. And in the US, post-secondary education can come with a lot of costs.

Subject:: Economics; Social Science
Material Type:: Lecture
Provider:: Complexly
Provider Set:: Crash Course Economics
Date Added:: 02/26/2016

The Economics of Flying: How Competitive Are the Friendly Skies?

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The Economics of Flying: How Competitive Are the Friendly Skies?

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Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. Find out in the November 2018 issue of Page One Economics how deregulation increased competition, lowered prices, and created crowded flights.

Subject:: Economics; Social Science
Material Type:: Lesson; Reading
Provider:: Federal Reserve Bank of St. Louis
Provider Set:: Page One Economics
Author:: Scott A. Wolla
Date Added:: 09/11/2019

The Economics of Food and Agricultural Markets - 2nd Edition

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The Economics of Food and Agricultural Markets - 2nd Edition

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The Economics of Food and Agricultural Markets is written for applied intermediate microeconomics courses. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, and natural resource sectors. The field of agricultural economics is relevant, important and interesting. The study of market structures, also called industrial organization, provides powerful, timely, and useful tools for any individual or group making personal choices, business decisions, or public policies in food and agriculture industries.

Subject:: Economics; Social Science
Material Type:: Textbook
Provider:: New Prairie Press
Author:: Andrew Barkley
Date Added:: 07/31/2019

The Economics of Happiness: Crash Course Economics #35

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The Economics of Happiness: Crash Course Economics #35

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They say money can't buy happiness, but who are they? Can money buy happiness? The answer is: sort of. While money may not be able to buy true happiness, lack of money can cause very real misery. Today, we look at the economics of happiness, and talk about how much money it takes to be happy. And where you should live to maximize your income-to-happiness ratio.

Subject:: Economics; Social Science
Material Type:: Lecture
Provider:: Complexly
Provider Set:: Crash Course Economics
Date Added:: 06/09/2016

The Economics of Healthcare: Crash Course Economics #29

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The Economics of Healthcare: Crash Course Economics #29

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Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so expensive, and what exactly we get for all that money. Spoiler alert: countries that spend less and get better results are not that uncommon.

Subject:: Economics; Social Science
Material Type:: Lecture
Provider:: Complexly
Provider Set:: Crash Course Economics
Date Added:: 04/25/2016

The Economics of Immigration: A Story of Substitutes and Complements

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The Economics of Immigration: A Story of Substitutes and Complements

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America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of immigrant workers as substitutes for and complements to native-born workers.

Subject:: Economics; Social Science
Material Type:: Lesson; Reading
Provider:: Federal Reserve Bank of St. Louis
Provider Set:: Page One Economics
Author:: Scott A. Wolla
Date Added:: 10/09/2014

The Economics of Immigration: Crash Course Economics #33

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The Economics of Immigration: Crash Course Economics #33

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Is Immigration good or bad? Immigration is a touchy subject in the United States. The 2016 election has been filled with debate about the subject, and both proponents and opponents have lots of reasons for their stance. But, this is a show about economics, and when it comes to the effects of immigration on economies, there is actually a lot of consensus. It turns out, immigration is economically beneficial.

Subject:: Economics; Social Science
Material Type:: Lecture
Provider:: Complexly
Provider Set:: Crash Course Economics
Date Added:: 05/18/2016

The Economics of Information: Strategy, Structure and Pricing

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The Economics of Information: Strategy, Structure and Pricing

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15.567 The Economics of Information provides an analysis of the underlying economics of information with management implications. It studies the effects of digitization and technology on industry, organizational structure, and business strategy, and examines pricing, bundling, and versioning of digital goods, including music, video, software, and communication services. In addition, the course considers the managerial implications of social networks, search, targeted advertising, personalization, privacy, network externalities, open source, and alliances.

Subject:: Economics; Social Science
Material Type:: Full Course
Provider Set:: MIT OpenCourseWare
Author:: Brynjolfsson, Erik
Date Added:: 09/01/2010