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University of Illinois
University of Illinois: Early American Trade With China: Fortune and Failures in Fur [Pdf]
One of the things economists do is to study the relationship between the supply of products being sold on the market, the demand for products by consumers, and the price of products. They look at how price is determined by the...
University of Illinois
University of Illinois: Early Trade With China: Trading Strategies [Pdf]
Americans wanted to buy tea, silk, nankeen (a strong, coarse cloth used to make workclothes), and chinaware from China. To pay for these goods, it was necessary to find products that the Chinese would take in trade. Initially, Americans...
PBS
Pbs News Hour: Economy Booster Shot
In a surprise move, the Fed cut short-term interest rates in January 2001. After more than 2 years of the Fed raising interest rates to control an enthusiastic economy, the Fed cited lower consumer confidence, tight financial markets,...
Other
Presidential Commission Call for Compensating Tobacco Quota
This report from a presidential commission discusses changes in the tobacco quota system and its effect on tobacco farmers.
Khan Academy
Khan Academy: Indexing and Its Limitations
How do we adjust for inflation?. It includes review questions and problems.
Khan Academy
Khan Academy: Perfect Competition and Why It Matters
Read about the economic ideal of perfect competition.
Wikimedia
Wikipedia: Oligopoly
Provides a definition and describes the characteristics of an oligopoly.
Wikimedia
Wikipedia: Cartel
This on-line encyclopedia provides the legal definition and examples of a cartel.
Council for Economic Education
Econ Ed Link: Be All You Can Be for Minimum Wage? (Student Page)
This lesson ask students to calculate the percentage change in military strength over the last two decades, hypothesize economic (and non-economic) explanations for these changes, test hypothetical explanations by reading an economic...
Council for Economic Education
Econ Ed Link: Widget Production: Producing More Using Less
Through this economics lesson you will learn about widget production. One of the tasks is to see how productivity can help solve problems.
US Department of Labor
Bureau of Labor Statistics: West Region
The Bureau of Labor Statistics site provides Labor Market data, Consumer Price Index, and Employment Cost Index for the Western Region of the United States.
Council for Economic Education
Econ Ed Link: How the Crusades Led to the Finding of the New World
The instructional activity will help students to discover the importance of the Crusades to the expansion of many European countries. Students will also be introduced to new products and find out why explorers were willing to risk all to...
Other
Teach Me Finance: Finance Tutorials
Are you looking to learn basic financial concepts? Teach Me Finance offers easy-to-use tutorials that introduce learner's to financial literacy.
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Oecd: Glossary of Statistical Terms: Monopolistic Competition
This site provides a simple and easy-to-understand definition of monopolistic competition.
Curated OER
Perfect Competition
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.