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Opportunity Cost Lesson
For your convenience, I posted the Opportunity Cost slide show.
Opportunity cost
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Economics Chapter 1 vocabulary
The terms for chapter one can be accessed at quizlet by following this link or by using the embedded player:
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Flashcards
Study these flash cards | Study economics flash cards
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Assignment for Economics – Due 12/23
I. Essay: Explain the following quote from the video: “It’s not the high cost of living, but the cost of
living high.”
II. Interview:
A. Ask your parents when they or their families got their first computer, VCR, microwave, and
cell phone.
B. Ask your grandparents when they first got air-conditioning, a dishwasher, and a color TV.
C. Ask them to [...]
The CPI and You
The following graphic illustrates how the consumer price index is a snapshot in time of the buying power of people in the United States.
by Credit Sesame via
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CPI – The Crystal Ball: an online lesson
This is a great online lesson on CPI – answer the questions and I will give you extra credit.
The lesson can be found here.
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economics \ market \ price \ supply and demand
The Market Mechanism – an Interactive lesson from BizEd
This flash tutorial allows you to explore what happens when we change a variable – supply or demand. What happens to price? Why?
Hopefully these activities will help you understand this concept.
Access the site here.
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Calvin and Hobbes \ demand \ economics \ free market \ prices \ subsidies \ supply
Supply and demand bellringer
Bellringer for 26OCT – Economics
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Econ in Action – Supply and Demand
This link takes you to the supply and demand curve tutorial we did in class. Use it if you have problems drawing your own graph.
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demand \ free market \ prices \ supply
Pricing with ‘The Simpsons’
Pricing in “Bart Gets an Elephant” – The Simpsons
by Dirk Mateer
In the episode, Bart Gets an Elephant, the Simpson’s find that their pet elephant, Stampy, is eating them out of house and home. So Bart devises a plan to charge admission for people to see the elephant. He begins by charging $1. However, the revenue [...]
