Economists Lesson Plans

1. EconEdLink | NetNewsLine | The Economics of Professional Sports: If You Build It, Will They Come?
...omeone else paid for their construction. Teams argue public subsidies for playing facility construction are appropriate because of the positive impact professional sports teams provide for a community. Opponents to public subsidies argue professional sport franchises provide little positive impact. Economists have generally sided with the opponents of subsidies. A good example of the view of economists is found at http://www.heartland.org/Article.cfm?artId=9474. The activities in this lesson are designed to help students understand why economists generally oppose subsidies for sport franchises and why su...

2. EconEdLink | EconomicsMinute | Economic Forecasting: An Internet WebQuest
...other related lessons Find related lessons EconomicsMinute Economic Forecasting: An Internet WebQuest Key Economic Concepts: Decision making Deflation Gross domestic product (GDP) Inflation Unemployment rate Description: Economics is often called the "science of decision making." The decisions that economists analyze range from personal decisions such as how big a pizza to order or whether to buy or lease a new car to the decisions the federal government makes about things like the size of our military. Economists use information about these, and other decisions, to develop indicators that can be used to...

3. Ch. 10 Sec 1 (First)
Lesson Plan Teacher: Kristen Mentor: Shea Pohl Subject: economics Lesson Title: ch. 10 sec 1 (first) Objectives: Determine how economists calculate gross domestic product Explain some of the limitations of gross domestic product Identify other statistics economists use to measure the economy TEKS 16B, 17C No standards added. Materials: Motivation: Teaching Procedure Bellwork: 1. What does GDP stand for? 2. What is the equation used to...

4. Ch. 11 Sec 3
Lesson Plan Teacher: Mentor: Kristen Shea Pohl Subject: economics Lesson Title: ch. 11 sec 3 Objectives: Explain how economists determine the number of poor people in the U.S. Describe how economists measure the distribution of income. Identify the policies that the U.S. government uses to reduce the income gap and decrease poverty. TEKS 15B, 16B No standards added. Motivation: How do you define poor? Materials: What level o...

5. Chapter 11 Section 2
Lesson Plan Teacher: Kristen Mentor: Shea Pohl Subject: economics Lesson Title: chapter 11 section 2 Objectives: Explain how economists evaluate price changes over time. Describe what causes inflation. Identify the main two price indexes that economists use to measure inflation. Analyze how inflation affects the economy. TEKS 12A, 16B No standards added. Motivation: I am selling pencils for $1.00. They are selling so well I Material...

6. Ch. 11 Sec 2
Lesson Plan Teacher: Kristen Mentor: Shea Pohl Subject: economics Lesson Title: ch. 11 sec 2 Objectives: Explain how economists evaluate price changes over time. Describe what causes inflation. Identify the main two price indexes that economists use to measure inflation. Analyze how inflation affects the economy. TEKS 12A, 16B No standards added. Motivation: I am selling pencils for $1.00. They are selling so well I Material...

7. EconEdLink | EconomicsMinute | Who Is Working?
...nt this lesson Email this lesson Email this lesson Write a review of this lesson Review this lesson Find other related lessons Find related lessons EconomicsMinute Who Is Working? Key Economic Concepts: Labor Labor force Role of government Unemployment Description: This lesson teaches students what economists mean when they talk about people who are employed, unemployed, and not in the labor force. It discusses the Current Population Survey and asks students to pose as government survey workers to determine the employment status of 10 people given in the lesson. Students also create a bar graph and a lin...

8. Demand Curve Analysis
Meant to be read AFTER Part I Explorations in Economic Demand, Part II The Demand Relationship The Determinants Economists approach the analysis of demand for a product by considering each of the same determinants or elements Bob considered in Part I. These determinants are 1. Price of the good 2. Taste or level of desire for the product by the buyer 3. Income of the buyer 4. Prices of related products: substitute produ...

9. EconEdLink | EconomicsMinute | The Economics of Voting
...w this lesson Find other related lessons Find related lessons EconomicsMinute The Economics of Voting Key Economic Concepts: Incentives Description: Why do so many voters stay away from the polls on election day? This is a puzzle to many people interested in the well-being of our democratic system. Economists try to explain this outcome. They suggest that voters are acting rationally in the sense that the costs associated with voting (such as advance registration, rearranging work schedules, getting to the polls, and gathering information on the candidates) appear to outweigh the benefits (influencing th...

10. EconEdLink | EconomicsMinute | What Do You Get for Your $1,800,000,000,000?
...int. They also need to be computer literate (but not experts). What does the U. S. Federal government do with the money it collects and what is the source of that revenue? Many people have opinions on what the government should spend its money on, and this activity provides some of the data used by economists to formulate an informed opinion. Gathering actual U.S. Government figures and organizing that information simulates how economists collect and interpret data. Resources: Definitions of national income accoutns at this powerpoint. "NIPA (National Income and Product Accounts)" http://www.bea.gov/bea/...