What do tulips, real estate, and stock in a pet store have in common? Find out what happens when products or services sell for much more than they are worth.

In less than 19 minutes, review all the key microeconomics concepts you'll need to know and remember for the big exam with this excellent video review! Beginning with the basics of supply and demand and key graphs to market failures and...

Why does quantity demanded decrease as prices increase? Watch this video to compare the downward sloping curve of the law of demand with the upward sloping curve of supply, as well as to review such concepts as the substitution effect,...

Delve deeper into currency exchange theory using Sal's hypothetical global trade scenario involving the Chinese Yuan and the US dollar. He references goods manufactured and sold in the countries using supply and demand principles,...

For about the first six minutes Sal reviews the hypothetical global trade scenario from the last video in detail, changing a few numbers to make for a cleaner example. He continues the scenario to demonstrate how the natural ups and...

When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a lesson that focuses on OPEC and...

Learners explore the importance of agribusiness in the US economy. They play one game where they sort and discuss the importance of agricultural commodities. They also play the game Pit to better understand how agricultural products are...

Over the corse of a month, small groups will monitor the price of a specific energy commodity and analyze it in relation to global and domestic events. They play a trade simulation game and create infographics showing what they've...

Twelfth graders and college students alike work on great practical application problems related to supply and demand with this worksheet series. There are five different worksheets containing graphs, charts, and scenario based problems...

Who doesn't love fashion, especially when it can be applied to economics, supply, demand, market trends, and price equilibrium. Curious young consumers examine market scenarios to determine their effect on the demand and price for...

From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course. 

From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.

Learning sure is in demand! Pupils explore the economic principle of supply and demand with a series of engaging, hands-on activities. They practice comparison shopping for a bottle of soda, conduct research on ticket scalping, and...

What was it like to live on wartime rations in the United States during World War II? Young historians find out by exploring how those on the home front bought food thanks to the ration system. Other data includes statistics on car sales...

How are monopolies and competitive firms similar and different? Scholars consider the question using authentic College Board materials. Other prompts consider supply and demand curves and the relationship between wages and output.

A company producing smoke alarms has a monopoly. However, what factors influence its profit and production? A series of prompts from College Board asks learners to consider the impact. Other practice problems include examining what...

A company enjoys a monopoly. What happens to its profits when another firm introduces a similar product? Learners consider the case using questions from College Board. Other prompts include the effects of sales taxes and supply and...

Consumer income drives consumer demand. A set of problems explores what happens to a dairy business when consumers all of a sudden don't have as much money to spend on milk. Other prompts from College Board examine supply and demand...

All goods have a social cost. A set of questions considers how to best calculate the impact the production of goods has on society. Other practice problems from College Board consider supply-and-demand curves and the impact of licensing...

What effect could a break-through device have on company's profits? A set of prompts from College Board explores just that question. Other questions consider the role of wages in profit and what factors affect the supply and demand of...