Website under construction. The full version will be available on June 2025.

Back to All

Resources

New!
Lessons & Activities
31-45 min
Economics

Teaching Market Structures with Gum

Teaching Market Structures with Gum

OVERVIEW

In this lesson, students act as firms in different market structures (perfect competition, monopoly, competitive oligopoly, and collusive oligopoly) competing to sell their product to the teacher. The activity demonstrates that the number of firms in a market affects the price.

Grade Level
Topics

More in This Series

CURRICULUM UNITS 1 HOUR+

Teaching Economics with Active Learning

Ten active learning lessons for your economics classroom to make your teaching stick!

LESSONS & ACTIVITIES 1 HOUR+

PACED Decision Making and Pretzels

Students learn about and apply the five-step PACED decision-making process through a taste test.

LESSONS & ACTIVITIES 46-60 MIN

How Many Beverages will Consumers Buy? Lesson on Demand

In this activity, students learn about the law of demand by looking at their favorite beverage.

LESSONS & ACTIVITIES 1 HOUR+

Using a Minimum Wage Debate in an Economics Class

This activity uses a classroom debate about the minimum wage to teach prices floors.

LESSONS & ACTIVITIES 0-15 MIN

Is Trade a Zero-Sum Game?

This simple trading activity demonstrates a key economic idea: Voluntary trade can benefit buyers and sellers.

LESSONS & ACTIVITIES 0-15 MIN

How do we Measure Unemployment?

This activity is designed to show students how we calculate the civilian unemployment rate.

LESSONS & ACTIVITIES 16-30 MIN

Imports and GDP

Learn about gross domestic product (GDP)

LESSONS & ACTIVITIES 0-15 MIN

How Fed Policy Transmits to the Economy

In this activity, students participate in a demonstration showing how changes in monetary policy ripple through the economy.

LESSONS & ACTIVITIES 0-15 MIN

Career Choices

This activity highlights the connection between education, training, and experience in determining income.

LESSONS & ACTIVITIES 31-45 MIN

The Three C's of Credit (Lesson 9A)

Students play the role of credit providers and assess the credit worthiness of a fictitious individual.

Icon of a person raising their hand

Need help?

Find answers to any questions you have.
Get Support