Although this article from the Encyclopedia of Oklahoma History focuses mainly on the industries in Oklahoma that were impacted by the War Production Board, you can get a good sense of how American industry as a whole converted to...

Practice what you've learned about consumer and producer surplus in this four-question exercise.

This article analyzes problems requiring to allocate a set of rectangular items to larger rectangular standardized units by minimizing the waste. It discusses mathematical models and surveys lower bounds, classical approximation...

An economics and literature lesson plan addressing capital resources, increasing productivity, and research skills. Based on a story by Robert McClosky called The Doughnuts.

Linear programming is a part of a very important area of mathematics called "optimization techniques". This field of study (or at least the applied results of it) are used every day in the organization and allocation of resources. Linear...

This site provides a clear description of the requirements and conditions needed in a market for it to be labeled a perfectly competitive market. The topics of allocative efficiency and productive efficiency are also addressed.

This module discusses fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. It discuss scarcity and allocation mechanisms. In this course,the focus is on...