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If companies always try to maximize profits, why are so many social media sites free to use? Learn how these platforms operate, as well as what positive and negative “network effects” are at play, in this May 2023 issue of Page One Economics.

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.

Learn about the history of redlining and its impact on wealth and health inequalities using historical maps and other primary sources. This three-module lesson plan includes handouts, video links, and a podcast to examine the connection between homeownership and disparities in wealth and health.

Students apply economic concepts to a professional basketball association. 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 Basketball Association or (ii) a member of the Professional Basketball Association Expansion Committee deciding whether new teams are admitted.

In this lesson, students participate in a market activity in which a market for cake ingredients is set up to demonstrate the process of using a spending budget. They listen to the story Splat the Cat Takes the Cake and answer comprehension questions through a student-led Q&A. By participating in the opening market activity and reading the story, students use what they have read and learned to conclude that the ingredients Splat used were purchased with money that was earned. They participate in a read-aloud activity to identify specific long-vowel sounds and earn Splat bucks. They use the Splat bucks to purchase materials to decorate a cake and track their spending.

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.

Use this infographic to show your students what it means to be an entrepreneur.

This fun lesson simulates how firms determine the profit-maximizing quantity of labor to hire in a perfectly competitive labor market.

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.

Use this worksheet with questions and activities to reinforce the key concepts associated with command and market economies featured in the infographic.