Curated OER
Incentives, Profit and the Entrepreneur
Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.
PBL Pathways
Maximizing Movie Revenue
Can theaters increase profits by raising or lowering ticket prices? Using data from the National Association of Theater Owners, classes consider this question. The project-based learning activity includes both a profit and revenue...
Curated OER
The Price of Gasoline: What's Behind It?
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...
Curated OER
Profit and Loss
Young scholars analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods...
Radford University
Movie Projector Cost
Small groups analyze the attendance at a movie theater and determine the amount of money made for per show. Team members calculate the number of shows it would take for a theater to make a profit after purchasing a new digital projector....
PBL Pathways
Solar Toasters
Help a company maximize their profits! A detailed project-based learning activity examines two production scenarios. Your young scholars write a linear demand function. They then apply the function to develop a revenue, cost, and profit...
Museum of Science
Cookie Mining
Knock a chip off the cookie. Learners purchase a property to mine and mining tools. Pupils use their tools to mine chocolate chips out of a cookie for 5 minutes and return cookie fragments to its original site. After the time is over,...
Curated OER
The Role of Profits in the Economy
Young scholars discuss the role of profits in an economy. As a class, they explain why profits are an incentive and practice calculating profit and loss. They discover what a firm in capitalism must do to earn profits and explain the...
Radford University
Business Ownership
Let's learn a little bit about business! Given information about a t-shirt company, young mathematicians explore the revenue, costs, profits, and future sales. They develop mathematical models for these quantities using linear,...
Curated OER
Finance and Accounts 1: Basic Principles
Students distinguish between the terms 'cost' and 'revenue' and examine the concept of 'profit'. They analyze the difference between a profit and loss account and a balance sheet.
Curated OER
Chapter 23: Pure Competition
Taking your young economists through the characteristics of four market models (Pure Competition, Pure Monopoly, Oligopoly, and Monopolistic Competition), this presentation uses both charts and graphs to illustrate the necessary...
National Research Center for Career and Technical Education
Break-Even Point
How do companies determine the prices of their products? Marketing maestros discover the concepts of cost and break-even point through discussion, independent practice, and a collaborative assessment. The career and technology-oriented...
Curated OER
Chapter 24: Pure Monopoly
Monopoly is more than a game in this presentation, which explores the characteristics of four different market models. Representing the concept of a monopolistic economy in both charts and graphs, the information in these slides can be...
Curated OER
Economics: Incentives, Profit, and the Entrepreneur
Young scholars discuss both positive and negative economic incentives. For this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
Curated OER
The Economics of National Craft Month
Combine National Craft Month and economic math while producing some imaginative, innovative crafts.
Curated OER
The Stock Market: Risks & Rewards
In order to better understand the US economy, learners read and interpret stock market price reports. They define profits and explain the role of profits in the American economic system for both firms and individual investors. Several...
Curated OER
Cost and Revenues
Pupils develop the key concepts of total, variable, fixed, average and marginal costs. The theory of using different business scenarios is applied to different situations for an extension to real life application.
Curated OER
Introduction to Business Studies
Students examine what a business does. They study the business process - inputs through to outputs and explore how profit is made
Curated OER
COULD YOU START A BUSINESS?
High schoolers learn how a business starts and finds financial independence. In this lesson, students learn the struggle of financial management, the costs of running a business and how to keep a budget.
Curated OER
What is a Stock? or, Who Owns McDonald's?
Students explore profit and risk. In this economics lesson plan, students read about McDonald's and Nabisco stock and discuss the risks and rewards of stock ownership. Printable worksheets ask questions about rights of stock owners and...
PBS
Could You Start a Business?
High schoolers learn how a business starts and finds financial independence. For this lesson, students learn the struggle of financial management, the costs of running a business and how to keep a budget.
Illustrative Mathematics
Oakland Coliseum
Help algebra learners relate a real-life function that happens at the Oakland Coliseum every time the Raiders play. The resource states that the revenue of the Oakland Raiders home games is a function of the number of seats sold and the...
Curated OER
Yellow Pages Ad-dition
Young scholars determine the revenue generated by sample pages from the Yellow Pages. They discuss the value of advertising a business in this venue. They use the local telephone directory and some fictitious ad rates to lead their inquiry.
Miami University
Chapter Nine Worksheet: Monopoly
Advanced economics pupils analyze a series of graphs, data sets, and profit scenarios all related to monopolies and marginal revenue. They read through the background information, complete a graph using the data provided, and justify...