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Episode 2: Demand
How do people respond when the price of an item increases? Do they want more or less of that item? Young economists investigate the impact of the law of demand on the economy. A short video highlights the concept of prices in relation to...
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Episode 1: Supply
It's all about timing ... when is the right time to raise the price or produce more if supply is low? The first lesson of a 10-part series on economics investigates the supply curve in business. Scholars watch a short video explaining...
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Episode 21: Fiscal Policy
Should consumers buy items they don't really need? Scholars analyze how fiscal policy determines spending at a national level. The final podcast of a 21-part economic series discusses the role the federal government plays in using...
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Episode 20: Monetary Policy
When times are bad, can the government step in and help the economy bounce back? Scholars research the role of The Federal Reserve System (FED) in assisting the economy with interest rate changes as well as influencing spending by...
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Episode 19: Costs of Production and the Shutdown Decision
The 19th podcast of a 21-part series on economics focuses on the costs of production when running a business. Historians analyze the difference between fixed, explicit, and implicit costs. They use mathematical equations to find total...
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Episode 18: The Business Cycle
Have you ever ridden a ride that goes up and down so many times it almost makes you sick? Scholars research the concept of a business cycle in the 18th podcast of a 21-part Economic Lowdown series. They investigate the factors leading to...
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Episode 17: Public Goods
Why are some goods public and others private? Scholars compare and contrast what makes an item a rival or excludable as they listen to an enlightening podcast. They investigate everything from street lights to automobiles, placing items...
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Episode 16: Elasticity of Demand
What happens when the price of an item goes up or down? Does the shift automatically affect the purchasing of that item? Historians use a short podcast to research the idea of elasticity on demand. They analyze the impact a price of an...
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Episode 15: Economic Growth
How can a mobile card reader impact the economic growth of a restaurant? Scholars investigate the concept of growing a business by using human resources in addition to tools and equipment. The 15th podcast of a 21-part series on...
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Episode 14: Getting Real about Interest Rates
It costs money to borrow money. Historians use a podcast to investigate how interest rates impact buying—and borrowing—in the marketplace. The 14th episode in a 21-part Economic Lowdown series researches the extra money people must pay...
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Episode 12: Price Signals
Does the government really control the prices of consumer products? Scholars look into the concept of price signals and how they relate to the overall buying and selling power in a market economy. The 12th lesson of a 21-part Economic...
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Episode 13: Gross Domestic Product (GDP)
Can people take the temperature of the economy to check its overall health? The 13th installment of a 21-part Economic Lowdown podcast series investigates the concept of the gross domestic product (GDP). Scholars research the goods and...
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Episode 11: Externalities
A factory provides a much needed product to the market, but it also provides ugly pollution and waste. The 11th episode of a 21-part Economic Lowdown podcast series investigates the concept of positive and negative externalities....
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Episode 10: Labor Market
Who's a good and who's a service? Scholars explore the concept of the labor market and how it influences the hiring process using an informative lesson that analyzes how employment demands influence the job market. Scholars research the...
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Episode 9: Functions of Money
Have you ever traded a cow for a car? Scholars analyze the functions of money and what it stands for in the ninth installment of a 21-part Economic Lowdown podcast series. They listen to a short podcast and imagine a world where...
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Episode 8: Market Equilibrium
Scholars research the concept of supply and demand and its overall impact on the balance of the consumer market. The 8th lesson of a 21-part Economic Lowdown podcast series investigates how the availability of an item impacts its price....
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Episode 7: Supply
A shopper goes to the store for that one special item only to find out it is out of stock. The seventh lesson of a 21-part economic series investigates the concept of supply in the marketplace. Scholars research the supply curve using a...
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Episode 6: Demand
Have you ever noticed that the price of an item in the store suddenly drops or rises? Historians investigate the concept of demand in the sixth installment of a 21-part Economic Lowdown series explaining aspects of the economy. A podcast...
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Episode 5: Unemployment
If you are not actively looking for work, are you considered unemployed? Scholars research what economic factors earn a person the designation of unemployed. The fifth lesson of a 21-part series from Econ Lowdown looks into unemployment,...
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Episode 4: Inflation
Have you ever gone to the store and noticed the price of an item you always buy has suddenly increased? Scholars investigate the reason prices inflate in the market. An informative lesson looks into the Consumer Price Index to determine...
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Episode 3: The Role of Self-Interest and Competition in a Market Economy
Why do scholars go to school? Is it due to self-interest and wanting more for themselves? Adam Smith's concept of competition spearheads the third lesson of a 21-part economic series from Econ Lowdown. Scholars investigate how...
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Episode 2: Factors of Production
How does an entrepreneur reach success? Scholars use Econ Lowdown to research the four factors of production in the second lesson of a 21-part economic series. They access podcasts and video links online to analyze how people access...
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Episode 1: Opportunity Cost
The concept of opportunity cost challenges historians to analyze how some choices come at a loss in the opening lesson of a 21-part economic series. Podcasts offer insight into the subject of what a decision costs the consumer....
PBS
The Last Generation
How does climate impact the town, city, or area where people live? Scholars research the concept of climate change as it pertains to the Marshall Islands. The opening lesson of a two-part series uses interactive online resources and...