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The November 2021 issue of Page One Economics® explains how a higher mandated wage may lead some firms to substitute capital for labor.

This issue of Page One Economics looks at how the market structure underlying college athletics has taken this debate all the way to the Supreme Court.

These mini lessons and materials include multi-discipline instruction and cultural components that can help students understand and celebrate the legacy of the Negro Leagues Baseball and how they transformed generations.

Pandemics, hurricanes, and other scientific events can alter the course of markets. Changes in technology can, too.

PR’s Planet Money is a podcast about the economy for people who think they aren’t interested in economics. Over 10 years and more than 1,000 episodes, the podcast has drawn millions of regular listeners through humor, storytelling and an accessible style.

In this lesson, students participate in an activity that demonstrates a key economic idea: The level of competition in an industry is a major determinant of product prices. Students are placed in groups that replicate four competitive conditions—perfect competition, monopoly, competitive oligopoly, and collusive oligopoly. Students act as firms in each industry competing to sell their product to the teacher (acting as a consumer). Through the market activity, students learn that when many firms are competing in an industry, prices begin to reflect the cost of production, whereas a single seller can command a high price. They also learn how collusion can result in groups of sellers behaving as monopolists.

Saving the Environment with Economic Ideas is a set of lessons for high school that provide students with the opportunity to participate in simulations. These simulations demonstrate the potential results of economic-related actions and policies taken and made by the government, businesses, or individuals to conserve and protect many of the natural resources used in the production and consumption of goods and services. Students see in action concepts such as resource allocation, scarcity, value, property rights, negative externalities, and emissions taxes and are encouraged to have lively discussions about what they observe and apply it in various situations. Engaging students in hands-on simulations and application of real environmental concerns helps students learn and analyze how economics plays a significant role in developing ideas and solutions that are put into action to save the environment.

Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. Find out in the November 2018 issue of Page One Economics how deregulation increased competition, lowered prices, and created crowded flights.

Supply and demand are among the most fundamental concepts in economics. An understanding of these topics helps explain the economic world in which we live. To understand demand, you need to understand the behavior of buyers. This short course for teachers and students uses a fictitious chocolate market to help you better understand the demand side of markets.

In this active learning lesson, students apply economic concepts to a professional baseball league. The lesson underscores the importance of incentives, control of supply, and potential market inefficiencies resulting from a cartel. Students assume one of two roles: either (i) a member of a team owner group trying to get its team into the Professional Baseball League or (ii) a member of the Professional Baseball League Expansion Committee deciding whether new teams are admitted.