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Lesson |
Description |
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Wages and Me |
Students explore the reasons for differences in the wages for several occupations. Then students are guided through the Bureau of Labor Statistics website to find information about their potential careers and wage rates nationally and in their own states. |
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Tapped Dry: How Do You Solve a Water Shortage? |
Economists do not operate in a vacuum. If an economist is going to suggest that the price of a good needs to be increased, he or she needs to consider who will bear the increase in costs. Will the costs be distributed equally or will one group pay more than another group? Furthermore, an economist should ask if there is a more efficient way to allocate the good than by means of a broad-based price increase. This lesson focuses on the drought that plagued the Northeast in the summer of 1999, supply, demand, and cost/benefit analysis. |
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Is the Price of Gasoline Really Too High? |
This lesson is designed to help students explore the issues associated with gas prices. The questions to be addressed in this lesson involve the forces driving the price of gas and whether or not the market is competitive. If the market is competitive then the high prices we are experiencing are appropriate given the current levels of supply and demand. If, on the other hand, the market for gas is not competitive and firms are artificially manipulating prices, the current high price may require government action. |
