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Grade12, Economics Std 3.2: Explaining the impact of government imposed price-ceilings and floors and the impact of taxes and regulations on the market demand for a product.

Lesson Plans: Baby-sitter Shortage. Students use economic principles of supply and demand to explain why a sitter shortage has occurred in Washington D.C. Who Knows What Inefficiencies Lurk in the Hearts of Rent Controlled Housing Markets? The Shadow Market Knows! Students will evaluate the effects of government imposed rent control. Market Failures and Government Regulation: Is the Cure Worse than the Disease? Drugs and Economics. The cost of federal drug policy Why Pay Taxes? Students will be able to describe why governments need revenue to provide goods and services; identify taxes as an important source of governmental revenue; explain how taxes transfer the use of resources from the private sector to the government Rationing by Money Prices. Students explore the role of prices in allocating resources in a market economy through the analysis of organ transplant recipients Competition. Students are introduced to the concept of competition through large group, small group, and individual work. The use of analogies and taking the role of a business owner help students better understand competition and how it relates to monopolies.

Resources: Alabama Virtual Library Graphing Skills. This tutorial contains graphing skills found to be required in economics. Economics America A nationwide, comprehensive program for economic education in America's schools. The Beggar's Hand. A useful site discussing basic economic principles with an emphasis on the problems of poverty, and resource allocation. The Beggar's Hand (mirror link) EcEdweb. The mission of EcEdWeb, the Economic Education Website, is to provide support for economic education in all forms and at all levels. AmosWEB. Outstanding online economics resource. All resources ,except the E-tutor, are available free of charge. ECONlinks Site developed to provide easy access to basic economic and financial information for students in economics and business courses. The list of links is purposely not encyclopedic, but contains a variety of resources that you will find useful in your courses. Schools of Economic Thinking
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