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Council for Economic Education
What's the Big Deal about Spices?
Today's gourmands don't consider spices to be the equivalent of silver and gold. During the middle ages, however, these commodities were precious. People back then used spices in religious ceremonies, to cure rotten food, and as a show...
Teach Engineering
Using Hooke's Law to Understand Materials
Provide a Hooke for a lesson on elasticity with an activity that has groups investigate a set of springs. They use a set procedure to collect data to calculate the spring constant for each spring using Hooke's Law. The groups...
Teach Engineering
Spring Away!
The last segment of the nine-part unit makes a connection between springs and linear equations. Groups hang weights from the spring and measure its length. Then, using the data collected, they calculate the slope to find the k-value...
It's About Time
Properties of Matter
Never trust an atom; they make up everything! Young chemists make modeling dough and add another ingredient to change the properties. Scholars then compare the properties of emulsion to composite materials. A reading passage and analysis...
DiscoverE
An Egg-Citing Ride
Wheeeee! Young thrill seekers build a bungee jump—not for themselves, though, but for an egg. The egg must fall from a height of five feet and rebound within two inches of the ground or floor.
Teach Engineering
Spool Racer Design and Competition
Wind it up and let it go. Individuals build a basic spool racer in the second portion of a six-part unit on energy. After receiving three criteria, pupils modify their designs to meet the new challenge. Pairs compete against each other...
Robert Schenk, PhD
Computing Price Elasticity
This site discusses price elasticity, along with the formula for "arc elasticity," which is a different method to calculate price elasticity.
Robert Schenk, PhD
St. Josephs College: More Price Elasticity
This site explains price elasticity of supply. Includes graphs to represent the concept.
Robert Schenk, PhD
Price Elasticity
This site offers a good description of price elasticity of demand for a good, and gives examples of which kinds of goods may be elastic or inelastic.
Other
Price Elasticity of Demand
This site provides a great definition of "price elasticity of demand," along with formulas and examples. It also shows a perfectly elastic demand curve and a perfectly inelastic demand curve.
Other
Price Elasticity of Demand
This site gives easy to understand definitions of price elasticity, along with examples, formulas, and factors determining elasticity.
Other
Economics of Health Care: Price Elasticity of Demand
This site provides a thorough analysis of the concept of elasticity, and uses an example in the health care industry.
Tutor2u
Tutor2u: Price Elasticity of Demand
An easy to understand description of "price elasticity of demand." Includes definitions, graphs, formulas, and examples of what kinds of goods may be elastic or inelastic.
Tutor2u
Tutor2u: Monopoly Price Discrimination
Many examples of price discrimination are provided, along with supporting graphs, and reasons why firms engage in this practice.
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