The Foundation for Teaching Economics is committed to excellence in economic education. The Foundation offers free workshops for high school educators and students. This site includes workshop dates, locations, and registration...

Over the last century, professional baseball has grown to become one of the most popular forms of American entertainment. Indeed, the sport's nickname - "America's Pastime" - has become embedded in the nation's lexicon. More than 60...

Why are perfectly competitive markets efficient?

Practice what you have learned about the foundational ideas behind perfectly competitive markets, including the characteristics of a perfectly competitive market, profit-maximization, and graphs of perfectly competitive firms.

Read about the economic ideal of perfect competition.

This site offers economics-based newspaper headlines and asks follow-up questions based on supply and demand in a perfectly competitive market.

This site uses graphs to show how changes in demand would change a firm's output, price, and profits or losses in a monopolistically competitive market structure.

This student version of an economics lesson plan focuses on allocation. For a lesson about how the rule of force motivates, check out this informative website.

This website describes the conditions of a "perfectly competitive" market structure, and the obstacles that the individual firm in this market will face.

Monopolies in the United States have existed in many forms. When a business dominates a market, its market power makes it a monopoly. How these businesses use their market power will determine the legality of the monopoly.

This site lists the characteristics of an oligopoly, and discusses price competition, non-price competition, and price leadership.

This site uses interactive graphs to show how changes in demand would change a firm's output, price, and profits or losses in a monopolistically competitive market structure.

This site shows costs curves for a firm in a perfectly competitive market, and has an interactive graph to show what their profit margin is at various levels of production.

This lesson introduces regulation and information as two tools used by government to promote fair competition and complete information in a market economy. Using the 1906 Pure Food and Drugs Act as a case study, students explore the...

An evaluation of the microeconomics of surplus labor, this 26-page requires Adobe Acrobat.

This instructional activity focuses on collectibles and how they retain, lose, or gain value. In each round of a trading simulation, students will learn more about the value of their collectibles and discuss why items gain or lose value....