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This lesson will introduce students to health care practices and services, as well as healthcare professions, including differences across geographic regions and income levels. Students will work collaboratively to craft a health care plan.
This Page One Economics® Econ Primer describes key measures of inflation, including the consumer price index, and how the Federal Open Market Committee pays particular attention to these measures as it makes policy decisions.
Create a definition of entrepreneurs and their characteristics, and then read a story which follows a modern entrepreneurial family who grows cranberries. Learn to distinguish between entrepreneurs and employees and write a sequel to the story.
In this lesson, students will examine primary source documents and non-fictional reading about the history and unique role of the first Black-owned and operated financial institutions in the U.S., also called Minority Depository Institutions (MDIs).
In this lesson, students will be introduced to the concepts of resources, scarcity, human capital and boycott. After reading a reality-based story about an all-black Little League team that faced racial prejudice, students will determine resources used in the production of baseball-related goods and complete comprehension and analysis-driven activities tied to key vocabulary covered within the lesson. Specifically, students will identify examples of scarcity, interpret consequences of various actions and determine ways to improve human capital. Additionally, K-2 grade students will interpret textual and visual data, while 3-4 grade students will work together to solve mathematical problems based on the story
In this lesson, students play the role of producers in two fictional countries, Acca and Dur. Students use production cards to construct production possibilities tables and graphs. These tables and graphs are used to discuss productivity, opportunity costs, and comparative advantage. Producers in each country discover that if they specialize and trade, they are able to produce and consume more goods than they would have been able to produce and consume on their own.
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.
When Congress created the Federal Reserve System (our central bank), it made it both independent and accountable. The May 2020 issue of Page One Economics® describes the necessary balance between these objectives—and why independence matters for sound policymaking.
Although much attention is given to the mounting public debt, private debt (the debt of households and businesses) is actually larger. The March 2020 issue of Page One Economics® evaluates trends in private debt and what they could mean for the overall health of the economy.
Technology has certainly sped up our ability to deposit funds and pay bills. With mobile devices and the internet, we are able to access and transfer money faster than ever before. Peer-to-peer (P2P) payment services and smartphone apps make it possible to make and receive real-time payments in our ever-changing world. Learn about the various advantages and disadvantages of this evolution in payment services in the April 2020 issue of Page One Economics®.