In this video (6 minutes long) students will learn about how externalities …
In this video (6 minutes long) students will learn about how externalities can affect supply, demand and ultimately equilibrium. This video will aid in review of standard EFP. 3 since students will see how a supply and demand graph can shift as a result of costs / benefits of externalities.
Ever feel as if you are paying the price for someone else's …
Ever feel as if you are paying the price for someone else's "deal"? Perhaps you are choking on the pollution from a foundry where cheap widgets are made. That spillover effect is called an externality. There are positive ones, too.
In this interactive lecture, students watch a video clip from The Colbert …
In this interactive lecture, students watch a video clip from The Colbert Report that addresses pollution externalities. Students graph the market and use the write-pair-share technique, then brainstorm ways to move the market to the socially efficient equilibrium.
The five key elements of a data citation are author, title, distributor, …
The five key elements of a data citation are author, title, distributor, date, and persistent identifier. In this interactive lesson, students learn about creating good data citations.
The FYE 105: Financial Literacy Curriculum Unit was developed for use in …
The FYE 105: Financial Literacy Curriculum Unit was developed for use in a First-Year Experience course to provide students with an understanding of: the relationship between human capital development and potential income and the chances of staying employed; budgeting; credit cards; and credit rights and responsibilities. The curriculum was implemented in an urban community college FYE course and was successful. We provide the curriculum for others who may wish to use it in a similar course.
The Fair model web site includes a freely available United States macroeconomic …
The Fair model web site includes a freely available United States macroeconomic econometric model and a multicounty econometric model. The models run on the Windows OS. Instructors can use the models to teach forecasting, run policy experiments, and evaluate historical episodes of macroeconomic behavior. The web site includes extensive documentation for both models. The simulation is for upper-division economics courses in macroeconomics or econometrics. The principle developer is Ray Fair at Yale University.
Fairplay, CO Mining Town. Western Mining History presents a brief summary of …
Fairplay, CO Mining Town. Western Mining History presents a brief summary of Colorado's Historical Mining Towns with links to additional Colorado resources for a mining town database and mines by county. Western Mining History is an historical site that provides information on mining, mining towns, the gold and silver rush, and Photos and maps of the western United States. This is a strong primary source resource that can be used for a variety of class research projects. Consider becoming a member or making a donation to help further the work of the site.
Oil prices affect the U.S. economy in many ways. For example, fluctuations …
Oil prices affect the U.S. economy in many ways. For example, fluctuations in the price of oil can influence inflation, unemployment, and disposable income. Some local economies with close ties to the oil industry, however, are affected even more directly in both positive and negative ways. The May 2015 issue covers one recent example of the local impact of oil prices.
This activity teaches students how to formulate research questions and perform empirical …
This activity teaches students how to formulate research questions and perform empirical analysis. Students analyse family budgets from late 19th-century industrial workers.
Payday loans are convenient and provide FAST cash to cover emergency situations …
Payday loans are convenient and provide FAST cash to cover emergency situations or help pay a borrower’s expenses from one paycheck to the next. But the fee-based structure of payday lending is quite different from a traditional loan, and laws vary among the states. The April 2019 edition of Page One Economics®: Focus on Finance takes a look at the structure and fees that make these loans costly.
"Father Christmas" by The Kinks is used in conjunction with Joel Waldfogel's …
"Father Christmas" by The Kinks is used in conjunction with Joel Waldfogel's article "The Deadweight Loss of Christmas" to examine the relative value of cash versus inkind gifts. This can then be extended to an analysis of various public policies.
This video provides a basic overview of unemployment and how it is …
This video provides a basic overview of unemployment and how it is measured. It also provides an understanding of the FOMC's role in promoting maximum employment and price stability.
The fourth episode of Feducation dissects an FOMC (Federal Open Market Commission) …
The fourth episode of Feducation dissects an FOMC (Federal Open Market Commission) statement, assessing the changing communication strategy for transparency and clarity and demonstrating an activity that can be used in the classroom.
How are the money supply and inflation related? And what does the …
How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship? Episode 1 of the Feducation video series reviews the functions of money, features an interactive auction that demonstrates the relationship between the money supply and inflation, then utilizes a simple equation to show how changes in the money supply affect the economy. The video also describes how the Fed uses monetary policy to achieve its dual mandate of maximum employment and price stability.
Rent-to-own and "buy here, pay here" make it easy to get what …
Rent-to-own and "buy here, pay here" make it easy to get what you want. But what are the real costs that you will pay for this convenience compared with what you’d pay using more-traditional financing, such as loans or credit cards? This video weighs the benefits and costs of your options.
Have you accepted a new job recently? Are you aware of the …
Have you accepted a new job recently? Are you aware of the paperwork you need to complete when you start a new job? Watch this brief video to learn about the I-9 form; an important document required to prove you have the legal right to work in the United States.
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