Lesson explores where electricity comes from, how much it costs, and the amount of coal that is used. Students will relate these concepts to how much coal is needed to light their school/classroom for one hour.

By the end of this section, you will be able to do the following: Use the Consumer Price Index (CPI) to calculate U.S. inflation rates; Identify several ways the Bureau of Labor Statistics avoids biases in the CPI; Differentiate among...

Michigan Department of Agriculture provides this site that teaches students about the risks and benefits involved with food production. Includes a detailed lesson plan along with a list of terms and definitions. Gives great background...

In this lesson summary we cover the key takeaways and terminology related to spending multipliers and tax multipliers. Topics include how to calculate the expenditure multiplier and the tax multiplier.

To stay in business, fashion merchandisers must be able to anticipate what consumers want. By looking at different retail websites, young scholars will look to anticipate what consumers are demanding. Students will then go through the...

This lesson provides a good outline for a unit on the study of "production costs". Charts and graphs are provided to help understand a firm's cost curves, and at what level of production they should produce.

Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.

The lesson 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 locate new...

Here is an article discussing unit price. The article talks about buying in bulk and buying store brands to receive the same product for a lower unit price.

In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!

In this activity, students explore the concept of "reducing" solid waste and how it relates to product packaging and engineering advancements in packaging materials. Students read about and evaluate the highly publicized packaging...

This article proposes maximizing profits as the basis for pricing decisions in manufacturing. It also discusses direct costing, price-volume relationship, establishing contribution percentage and more.

This page defines marketing mix in an easy to understand format. Contains graphics and dozens of links.

Find out the pros and cons of hydraulic fracking while producing natural gas.

Students examine tradeoffs and profit- maximization decisions in the case study of Kaiser Aluminum, which decided to shut down aluminum production in favor of reselling electricity.