The Frozen Price Game
Students are told that a hurricane has caused a major power outage, increasing the demand and decreasing the supply of ice. They then use two different methods to allocate ice: first-come, first-served and price. This game is a good way to demonstrate the advantages of price allocation. Click here to download rules and materials. Also see the Debate Topics page for a new debate over whether gasoline price-gougers should be punished.
Resources for Teaching 6-12 EconomicsUnder Reorganization
Here are many online teaching resources for middle school and high school and useful web sites for economics. See also our online lessons page. If you need information about high school textbooks, please see the pdf version of A Review of High School Economics Textbooks by Don Leets and Jane Lopus.
BasicMovementTransportFoodGoodsManufacturersServicesResourcesFuelProductionWorkIncomeWealthPovertyHousingEducationHealthDiseaseDisasterDeathDestructionViolencePollutionDepletionCommunicationExploitationActionCause of DeathAge of DeathReligionLanguage
Check you know the main principles by reviewing the list of different topic areas, either click on the topic heading to quick learn the whole topic or pick individual principles to brush up.
Market prices depend on levels of supply and demand. These levels rise and fall according to a number of factors, and can have a big impact on the success of a business.
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