With prices of new vehicles at all-time highs, many buyers are looking …
With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn't a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid "lemons" and why lemons are a larger problem for the used-car market.
The unemployment rate always seems to be in the news, but did …
The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013 issue to learn the differences.
Robots are in the headlines, and many of us are wondering if …
Robots are in the headlines, and many of us are wondering if they’ll also be taking over our jobs. Is the “Robot Apocalypse” upon us, or is this part of a larger trend that’s been occurring for much of human history? Find out by reading the January 2018 issue of Page One Economics.
App-driven jobs allow workers to decide when, where, and how much to …
App-driven jobs allow workers to decide when, where, and how much to work—one “gig” at a time. Learn more about this new employment trend in the January 2019 issue of Page One Economics.
Western Mining History presents a short history of early metallurgy and Stamp …
Western Mining History presents a short history of early metallurgy and Stamp Mills used to extract gold, silver and other desired minerals from crushed ore. The resources shows Historical|Photographs of mining mills and other technology used to separate minerals from hard rock. Western Mining History is an historical site that provides databases, information on mining, mining towns, gold and Photos and maps of the western United States. Consider becoming a member or making a donation to help further the work of the site.
Students participate in a banking role play in which they portray roles …
Students participate in a banking role play in which they portray roles based on characters in the book Worth! by A. LaFaye. The students learn about banking, profit, risk, and reward. Students discuss some of the factors that affect loan interest rates and the availability of credit. Students apply their knowledge of the content by writing a fictional applicant a letter of acceptance or rejection.
The nonpartisan Congressional Budget Office tackles that question in a new report …
The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. The March 2014 issue explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.
Historically, money was made of either valuable commodities such as gold or …
Historically, money was made of either valuable commodities such as gold or silver coins or pieces of paper (bills) representing these commodities. The United States severed its last official monetary link to gold in 1971. The January 2015 Page One Economics Newsletter describes some of the advantages and disadvantages of the gold standard.
This opening assignment for an introductory quantitative reasoning course asks students to …
This opening assignment for an introductory quantitative reasoning course asks students to write about "Numbers We Should Know." Its goal is to help students begin to think quantitatively, evaluate the sources of quantitative information critically, and write using numbers precisely and thoughtfully.
A ¥en to Trade is a set of lessons for students in …
A ¥en to Trade is a set of lessons for students in the middle grades—grades 6-8. These lessons are written to help students understand the basic rationale for making trades, the gains that are possible from trade, and how trading is done between people of different countries. Each lesson teaches fundamental economic concepts such as scarcity, economic wants, resources, goods and services, opportunity cost, and money, as well as international trade concepts such as exports, imports, tariffs, quotas, exchange rates, and trade routes. Most lessons employ simulations and other active-learning strategies to engage students in the learning process and to provide experiences to help them discover why things happen as they do.
A Netlogo implementation of Gode and Sunders (1993) ZI-Trading model. Students explore …
A Netlogo implementation of Gode and Sunders (1993) ZI-Trading model. Students explore whether efficiency in the market is determined by the market or by human rationality.
After predicting what the unemployment rate will be for students in the …
After predicting what the unemployment rate will be for students in the class, a confidential survey modeled on the Current Population Survey questions is used to gather data about each student's employment. Students use this data to measure the class unemployment rate and then assess its accuracy.
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