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ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars andSUPPLY AND DEMAND
Supply and Demand Schedule. Picture This: Supply and Demand Curves. Disequilibrium. Changing Equilibrium. Chocolate Bar Demand Decreases. Chocolate Bar Demand Increases. Try This: Identify Shortages and Surpluses. Equilibrium Barriers: Price Controls. Shifting Chocolate Bar Demand and Changes in Equilibrium.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
SUPPLY - ECON LOWDOWN 2. Based on Scenario 3, which factor caused the change in supply? A change in the costs of inputs to the production process. A change in technology. A change in the number of producers in the market. Government policies. Expectations of future prices. A change in THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars andSUPPLY AND DEMAND
Supply and Demand Schedule. Picture This: Supply and Demand Curves. Disequilibrium. Changing Equilibrium. Chocolate Bar Demand Decreases. Chocolate Bar Demand Increases. Try This: Identify Shortages and Surpluses. Equilibrium Barriers: Price Controls. Shifting Chocolate Bar Demand and Changes in Equilibrium.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
SUPPLY - ECON LOWDOWN 2. Based on Scenario 3, which factor caused the change in supply? A change in the costs of inputs to the production process. A change in technology. A change in the number of producers in the market. Government policies. Expectations of future prices. A change in THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. CARDS, CARS AND CURRENCY: LESSON 2 Cards, Cars and Currency: Lesson 2. If you have not already been deluged with credit card applications, it will happen soon. When those applications start flowing in, you will have many options from which to choose. There are gold cards and silver cards, platinum cards and sapphire cards; there are cash rewards and travel rewards and studentSUPPLY AND DEMAND
More Economics Applied! Law of Supply. Understanding the behavior of sellers provides some insight into the concept of supply. For example, imagine Chuck's Chocolates, a firm that produces and sells chocolate bars. When the price of chocolate rises, Chuck will produce more chocolate bars. Other firms will act in a similar fashion.SUPPLY AND DEMAND
The correct answer is Graph 4. That's correct. An increase in the price of high-fructose corn syrup, an important input in the production of soft drinks, would increase the cost of soft drinks production, decreasing the supply of soft drinks. 2. Based on Scenario 2, the supply curve for soft drinks. PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
Supply and demand together determine market equilibrium. On a graph, market equilibrium is the point where the supply and demand curves intersect. The price at this intersection is the equilibrium price and the quantity is the equilibrium quantity. When the market for good or service is in equilibrium, there are no surpluses and no shortages. IT'S YOUR PAYCHECK LESSON 2 120 hours x $10 = $1,200. Imagine this scenario. Your friend, John Dough, is a 16-year-old who has started his first job at ABC Mart in Our Town, USA. He just received his paycheck for his first two weeks of work this afternoon. To John's surprise, the check was much smallerthan he expected.
SUPPLY AND DEMAND
Supply and Demand Schedule. When we put the supply and demand schedules for chocolate bars together, we get the scenario in the table below. Notice that in this case the equilibrium price is $1.20 a bar. At that price, consumers will demand 300 chocolate bars and producers will supply 300 chocolate bars. Price per bar. EDUCATION VS. UNEMPLOYMENT As the graph shows, in 1992, the unemployment rate for workers with less than a high school education was almost 12%. That same year, the rate for those with a college degree was under 4%. This fact is clear: The more education you have, the lower your risk of facing unemployment. More education can also lead to earning more income. AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. IT'S YOUR PAYCHECK LESSON 2 120 hours x $10 = $1,200. Imagine this scenario. Your friend, John Dough, is a 16-year-old who has started his first job at ABC Mart in Our Town, USA. He just received his paycheck for his first two weeks of work this afternoon. To John's surprise, the check was much smallerthan he expected.
JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. IT'S YOUR PAYCHECK LESSON 2 120 hours x $10 = $1,200. Imagine this scenario. Your friend, John Dough, is a 16-year-old who has started his first job at ABC Mart in Our Town, USA. He just received his paycheck for his first two weeks of work this afternoon. To John's surprise, the check was much smallerthan he expected.
JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts.SUPPLY AND DEMAND
The general manager of WDIV-TV in Detroit editorialized on air this week about rising gasoline prices. He was particularly annoyed that gas prices seem to rise around holiday weekends. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
MONETARY POLICY
The Fed has two primary goals for the economy—price stability and maximum employment. The Fed uses monetary policy to help achieve these goals. The structure of the Fed allows it to implement monetary policy with minimal political pressures to its day-to-day operations. In this module, you will learn how the Fed uses its monetary policy toolsECONOMIC GROWTH
Economic growth is measured by a sustained increase in real gross domestic product (GDP) over time. Nominal GDP is the total market value of all final goods and services produced in an economy in a given year. And, real GDP is nominal GDP adjusted for inflation,meaning the
SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.SUPPLY AND DEMAND
Supply and demand together determine market equilibrium. On a graph, market equilibrium is the point where the supply and demand curves intersect. The price at this intersection is the equilibrium price and the quantity is the equilibrium quantity. When the market for good or service is in equilibrium, there are no surpluses and no shortages.SUPPLY AND DEMAND
The correct answer is the demand curve does not shift. That's correct. An increase in the price of milk would cause movement along the demand curve, not a shift of the demand curve to the right or left. Scenario 1: The price of milk increases from $3.50 to $4.50 per gallon. 2.SUPPLY AND DEMAND
The correct answer is Graph 4. That's correct. An increase in the price of high-fructose corn syrup, an important input in the production of soft drinks, would increase the cost of soft drinks production, decreasing the supply of soft drinks. 2. Based on Scenario 2, the supply curve for soft drinks. INFLATION - ECON LOWDOWN If money later is worth less than money now, there is an opportunity cost to waiting. If you get money later, you lose purchasing power today (which is why the cook probably did not let Mr. Wimpy have his hamburger today and pay for it on Tuesday). This applies to moneysaved or loaned.
AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberriesSUPPLY AND DEMAND
The general manager of WDIV-TV in Detroit editorialized on air this week about rising gasoline prices. He was particularly annoyed that gas prices seem to rise around holiday weekends. CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts.SUPPLY AND DEMAND
Supply and demand together determine market equilibrium. On a graph, market equilibrium is the point where the supply and demand curves intersect. The price at this intersection is the equilibrium price and the quantity is the equilibrium quantity. When the market for good or service is in equilibrium, there are no surpluses and no shortages.MONETARY POLICY
The Fed has two primary goals for the economy—price stability and maximum employment. The Fed uses monetary policy to help achieve these goals. The structure of the Fed allows it to implement monetary policy with minimal political pressures to its day-to-day operations. In this module, you will learn how the Fed uses its monetary policy toolsSUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.FISCAL POLICY
The Basics of Fiscal Policy: Taxation and Government Spending. Active vs. Passive Fiscal Policy. Knowledge Check #1. Active Fiscal Policy and the Economy. Recession or Depression? Knowledge Check #2. Lesson 2. Introduction. Fiscal Policy in a Contracting Economy. EDUCATION VS. UNEMPLOYMENT As the graph shows, in 1992, the unemployment rate for workers with less than a high school education was almost 12%. That same year, the rate for those with a college degree was under 4%. This fact is clear: The more education you have, the lower your risk of facing unemployment. More education can also lead to earning more income. IT'S YOUR PAYCHECK LESSON 1 Your first task is to solve a word puzzle. What does completing a puzzle have to do with your paycheck? Complete the exercise to find out. Instructions: Below, you must decipher a word written in a secret code.Your goal is to break the code to find the correct word.MARKET EQUILIBRIUM
An increase in the supply of soft drinks would decrease the equilibrium price of soft drinks. 5. Based on Scenario 10, the equilibrium quantity of soft drinks. increases. decreases. That's incorrect. An increase in the supply of soft drinks would increase the equilibrium quantity of soft drinks. That's correct. INFLATION - ECON LOWDOWN If money later is worth less than money now, there is an opportunity cost to waiting. If you get money later, you lose purchasing power today (which is why the cook probably did not let Mr. Wimpy have his hamburger today and pay for it on Tuesday). This applies to moneysaved or loaned.
AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberries AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Choose the Google Log In button and enter your child’s Google credentials. If they do not have a Google account, you may use yours. You’ll see an option to join a classroom. Elementary (Grades 3-5): enter code xZRsbyN. Middle School (Grades 6-8): enter code tBNjrZL. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars and CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts. CARDS, CARS AND CURRENCY: LESSON 1 I would be interested in learning more about the following topics. 7. To improve this program, I suggest that you do the following. 8. I learned about this program from. a. a friend. b. a parent or other family member. c. my teacher. d. the St. Louis Federal Reserve Bankwebsite.
THE FED’S NEW MONETARY POLICY TOOLS Banks should not be willing to accept less than the discount rate when they deposit funds. Banks can borrow at the interest on reserve balances rate and deposit at PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and familySUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price. JACK OF ALL TRADES: BENEFITS OF TRADE Benefits of Trade. Superhero, Jack of All Trades, knows a lot about economics. Yes, you might call him a know-it-all. That’s what his student-turned-sidekick-turned-business partner, Andy, would say, if he weren’t so polite. Jack and Andy live on two separate islands, Jackramento and Los Andeles. They each grow potatoes and strawberriesSUPPLY AND DEMAND
The general manager of WDIV-TV in Detroit editorialized on air this week about rising gasoline prices. He was particularly annoyed that gas prices seem to rise around holiday weekends. CARDS, CARS AND CURRENCY: LESSON 3 After completing this lesson you should be able to: Define debit card, ATM card, check, electronic payments, checking account, overdraft service and overdraft fees. Describe the advantages and disadvantages of standard overdraft services. Explain the importance of maintaining records of deposits, withdrawals and payments from bank accounts.SUPPLY AND DEMAND
Supply and demand together determine market equilibrium. On a graph, market equilibrium is the point where the supply and demand curves intersect. The price at this intersection is the equilibrium price and the quantity is the equilibrium quantity. When the market for good or service is in equilibrium, there are no surpluses and no shortages.MONETARY POLICY
The Fed has two primary goals for the economy—price stability and maximum employment. The Fed uses monetary policy to help achieve these goals. The structure of the Fed allows it to implement monetary policy with minimal political pressures to its day-to-day operations. In this module, you will learn how the Fed uses its monetary policy toolsSUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.FISCAL POLICY
The Basics of Fiscal Policy: Taxation and Government Spending. Active vs. Passive Fiscal Policy. Knowledge Check #1. Active Fiscal Policy and the Economy. Recession or Depression? Knowledge Check #2. Lesson 2. Introduction. Fiscal Policy in a Contracting Economy. EDUCATION VS. UNEMPLOYMENT As the graph shows, in 1992, the unemployment rate for workers with less than a high school education was almost 12%. That same year, the rate for those with a college degree was under 4%. This fact is clear: The more education you have, the lower your risk of facing unemployment. More education can also lead to earning more income. IT'S YOUR PAYCHECK LESSON 1 Your first task is to solve a word puzzle. What does completing a puzzle have to do with your paycheck? Complete the exercise to find out. Instructions: Below, you must decipher a word written in a secret code.Your goal is to break the code to find the correct word.MARKET EQUILIBRIUM
An increase in the supply of soft drinks would decrease the equilibrium price of soft drinks. 5. Based on Scenario 10, the equilibrium quantity of soft drinks. increases. decreases. That's incorrect. An increase in the supply of soft drinks would increase the equilibrium quantity of soft drinks. That's correct. INFLATION - ECON LOWDOWN If money later is worth less than money now, there is an opportunity cost to waiting. If you get money later, you lose purchasing power today (which is why the cook probably did not let Mr. Wimpy have his hamburger today and pay for it on Tuesday). This applies to moneysaved or loaned.
AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program For students: As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms. CARDS, CARS AND CURRENCY: LESSON 1 Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. PAYING & RECEIVING INTEREST Author Barbara Flowers Instructional Design Emily Smith Economist William R. Emmons, PhD Content Consultants William R. Emmons, PhD Robert L. Sorensen, PhDSUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.IN PLAIN ENGLISH
The Fed can use four tools to achieve its monetary policy goals: the discount rate, reserve requirements, open market operations and interest on reserves.SUPPLY AND DEMAND
So, now it is your turn to explore the law of demand. Use the interactive graph below to discover how movement along the demand curve changes price and quantity.FISCAL POLICY
Generally, the economy doesn’t require additional intervention and the established laws on taxation and government spending remain in effect for extended periods. DEMAND - ECON LOWDOWN By projecting the likely quantity of chocolate bars demanded at each possible price, we have created a demand schedule.. A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program For students: As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms. CARDS, CARS AND CURRENCY: LESSON 1 Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. PAYING & RECEIVING INTEREST Author Barbara Flowers Instructional Design Emily Smith Economist William R. Emmons, PhD Content Consultants William R. Emmons, PhD Robert L. Sorensen, PhDSUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.IN PLAIN ENGLISH
The Fed can use four tools to achieve its monetary policy goals: the discount rate, reserve requirements, open market operations and interest on reserves.SUPPLY AND DEMAND
So, now it is your turn to explore the law of demand. Use the interactive graph below to discover how movement along the demand curve changes price and quantity.FISCAL POLICY
Generally, the economy doesn’t require additional intervention and the established laws on taxation and government spending remain in effect for extended periods. DEMAND - ECON LOWDOWN By projecting the likely quantity of chocolate bars demanded at each possible price, we have created a demand schedule.. A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE CLASSROOMS Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms.SUPPLY AND DEMAND
The general manager of WDIV-TV in Detroit editorialized on air this week about rising gasoline prices. He was particularly annoyed that gas prices seem to rise around holiday weekends. CARDS, CARS AND CURRENCY: LESSON 2 Jeannette Bennett - Original Author. Sharli Miller - Instructional Designer. Caryn Rossiter, Scott Wolla, Barbara Flowers - Authors,interactive program
SUPPLY AND DEMAND
That's incorrect. A change in the cost of high-fructose corn syrup, an input in the production of soft drinks, would affect the supply curve for soft drinks, not the demand curve.SUPPLY AND DEMAND
A Change in the Number of Producers in the Market. The supply curve for the entire chocolate bar industry is the sum of the supply curves of all individual chocolate bar producers.SUPPLY AND DEMAND
That's incorrect. The demand for soft drinks would increase as a result of an increase in the price of iced tea, a soft drinkssubstitute.
SUPPLY AND DEMAND
The second is called a change in demand. In this case, the demand for a good or service changes not because the price of the good changes, but because something else in the market changes.SUPPLY AND DEMAND
Understanding the behavior of sellers provides some insight into the concept of supply. For example, imagine Chuck's Chocolates, a firm that produces and sells chocolate bars.TIME VALUE OF MONEY
A. The purchasing power of the 25 annual payments will increase in value over time, due to inflation. B. The purchasing power of each of the 25 annual payments will decrease inCREDITSTATEMENT
John Dough has just received his May credit card statement. However, John's statement is missing some information. Help John by filling in the missing information AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program. As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. Once you are logged in, you will be provided with links to your assignment (s). BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars andSUPPLY AND DEMAND
Supply and Demand Schedule. Picture This: Supply and Demand Curves. Disequilibrium. Changing Equilibrium. Chocolate Bar Demand Decreases. Chocolate Bar Demand Increases. Try This: Identify Shortages and Surpluses. Equilibrium Barriers: Price Controls. Shifting Chocolate Bar Demand and Changes in Equilibrium.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service. PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and family SUPPLY - ECON LOWDOWN 2. Based on Scenario 3, which factor caused the change in supply? A change in the costs of inputs to the production process. A change in technology. A change in the number of producers in the market. Government policies. Expectations of future prices. A change in DEMAND - ECON LOWDOWN A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. Simply stated, the law of demand says that as the price of a good or service rises, the quantity demanded of that good or service falls. Price per bar. Quantity of chocolate bars demanded.SUPPLY AND DEMAND
Supply and Demand. For the following scenario in the milk market, identify the type and cause of change. Note that these scenarios are asking about producer behavior—supply and quantity supplied. Scenario 3: The price of feed for milk cows drops to a new low. 1. Based on Scenario 3, the supply curve for milk. shifts to the right. AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program. As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. Once you are logged in, you will be provided with links to your assignment (s). BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College. CARDS, CARS AND CURRENCY: LESSON 1 Cards, Cars and Currency: Lesson 1. Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. If you would like to improve your score, complete other lessons in Cards, Cars andSUPPLY AND DEMAND
Supply and Demand Schedule. Picture This: Supply and Demand Curves. Disequilibrium. Changing Equilibrium. Chocolate Bar Demand Decreases. Chocolate Bar Demand Increases. Try This: Identify Shortages and Surpluses. Equilibrium Barriers: Price Controls. Shifting Chocolate Bar Demand and Changes in Equilibrium.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service. PAYING & RECEIVING INTEREST Paying & Receiving Interest. We are sure that at some point you have probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending? Perhaps he was concerned that the lender might not be repaid in a timely way. Or, maybe he was fearful that friendships and family SUPPLY - ECON LOWDOWN 2. Based on Scenario 3, which factor caused the change in supply? A change in the costs of inputs to the production process. A change in technology. A change in the number of producers in the market. Government policies. Expectations of future prices. A change in DEMAND - ECON LOWDOWN A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. Simply stated, the law of demand says that as the price of a good or service rises, the quantity demanded of that good or service falls. Price per bar. Quantity of chocolate bars demanded.SUPPLY AND DEMAND
Supply and Demand. For the following scenario in the milk market, identify the type and cause of change. Note that these scenarios are asking about producer behavior—supply and quantity supplied. Scenario 3: The price of feed for milk cows drops to a new low. 1. Based on Scenario 3, the supply curve for milk. shifts to the right. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty (Middle School) Current Events Economics Personal Finance. Decision Making Planning and Money Management Saving Unemployment. Preview. 30 minutes High School - College.SUPPLY AND DEMAND
The general manager of WDIV-TV in Detroit editorialized on air this week about rising gasoline prices. He was particularly annoyed that gas prices seem to rise around holiday weekends. CARDS, CARS AND CURRENCY: LESSON 2 Cards, Cars and Currency: Lesson 2. If you have not already been deluged with credit card applications, it will happen soon. When those applications start flowing in, you will have many options from which to choose. There are gold cards and silver cards, platinum cards and sapphire cards; there are cash rewards and travel rewards and studentFISCAL POLICY
The Basics of Fiscal Policy: Taxation and Government Spending. Active vs. Passive Fiscal Policy. Knowledge Check #1. Active Fiscal Policy and the Economy. Recession or Depression? Knowledge Check #2. Lesson 2. Introduction. Fiscal Policy in a Contracting Economy.SUPPLY AND DEMAND
A subsidy is a government payment that supports a business or a market. In this case, a government payment to the chocolate producer would lower the overall cost of producing chocolate bars. Lower production costs would cause chocolate bar producers to increase the quantity of chocolate bars produced at each possible price.SUPPLY AND DEMAND
The correct answer is Graph 4. That's correct. An increase in the price of high-fructose corn syrup, an important input in the production of soft drinks, would increase the cost of soft drinks production, decreasing the supply of soft drinks. 2. Based on Scenario 2, the supply curve for soft drinks.SUPPLY AND DEMAND
More Economics Applied! Law of Supply. Understanding the behavior of sellers provides some insight into the concept of supply. For example, imagine Chuck's Chocolates, a firm that produces and sells chocolate bars. When the price of chocolate rises, Chuck will produce more chocolate bars. Other firms will act in a similar fashion.SUPPLY AND DEMAND
The answer is Graph 1. That's correct. The demand for soft drinks would increase as a result of an increase in the price of iced tea, a soft drinks substitute. 2. Based on Scenario 1, the supply curve for soft drinks. shifts to the right. shifts to the left. does not shift.TIME VALUE OF MONEY
The equation you solved was: FV=10,000,000 The equation you should have solved was: PV=10,000,000 You want to know what the present value of 10 million dollars is because the lottery is promising you the value of 10 million dollars 25 years (but 26 payments) from now.CREDITSTATEMENT
John Dough has just received his May credit card statement. However, John's statement is missing some information. Help John by filling in the missing information AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program For students: As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms. CARDS, CARS AND CURRENCY: LESSON 1 Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. PAYING & RECEIVING INTEREST Author Barbara Flowers Instructional Design Emily Smith Economist William R. Emmons, PhD Content Consultants William R. Emmons, PhD Robert L. Sorensen, PhDSUPPLY AND DEMAND
So, now it is your turn to explore the law of demand. Use the interactive graph below to discover how movement along the demand curve changes price and quantity.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.SUPPLY AND DEMAND
For the following scenario in the milk market, identify the type and cause of change. Note that these scenarios are asking about producer behavior—supply and quantity supplied.SUPPLY AND DEMAND
A Change in the Number of Producers in the Market. The supply curve for the entire chocolate bar industry is the sum of the supply curves of all individual chocolate bar producers. DEMAND - ECON LOWDOWN By projecting the likely quantity of chocolate bars demanded at each possible price, we have created a demand schedule.. A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. AWARD-WINNING FREE RESOURCES FOR K-12 AND COLLEGESTUDENT LOGININSTRUCTOR LOGINFORGOT PASSWORDRESOURCE GALLERY Econ Lowdown is a FREE platform with award-winning economics and personal finance resources for K-12 and college classrooms.ECON LOWDOWN
Welcome to the Federal Reserve Bank of St. Louis Online Learning Program For students: As you know, your teacher has assigned some online coursework for you to complete. To get started, log in using the student code and password supplied to you by your teacher. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms. CARDS, CARS AND CURRENCY: LESSON 1 Many people throw money away every day by making poor financial decisions. Financial knowledge is the key to keeping more of your money. In this lesson, you will play a game to test your current level of financial knowledge. PAYING & RECEIVING INTEREST Author Barbara Flowers Instructional Design Emily Smith Economist William R. Emmons, PhD Content Consultants William R. Emmons, PhD Robert L. Sorensen, PhDSUPPLY AND DEMAND
So, now it is your turn to explore the law of demand. Use the interactive graph below to discover how movement along the demand curve changes price and quantity.SUPPLY AND DEMAND
Markets tend toward equilibrium unless there are barriers, called price controls, that make it impossible to move to equilibrium.There are two types of price controls: price floors and price ceilings. A price floor is a legal barrier that holds a price above the equilibrium price. It is called a floor because it sets the lowest legal price that can be charged for a good or service.SUPPLY AND DEMAND
For the following scenario in the milk market, identify the type and cause of change. Note that these scenarios are asking about producer behavior—supply and quantity supplied.SUPPLY AND DEMAND
A Change in the Number of Producers in the Market. The supply curve for the entire chocolate bar industry is the sum of the supply curves of all individual chocolate bar producers. DEMAND - ECON LOWDOWN By projecting the likely quantity of chocolate bars demanded at each possible price, we have created a demand schedule.. A demand schedule shows how much of a good or service consumers are both willing and able to buy at different prices. BROWSE FREE RESOURCES FOR K-12 AND COLLEGE Browse Econ Lowdown’s award-winning economics and personal finance resources for K-12 and college classrooms. CARDS, CARS AND CURRENCY: LESSON 3 Jeannette Bennett - Original Author. Sharli Miller - Instructional Designer. Caryn Rossiter, Scott Wolla, Barbara Flowers - Authors,interactive program
SUPPLY AND DEMAND
Understanding the behavior of sellers provides some insight into the concept of supply. For example, imagine Chuck's Chocolates, a firm that produces and sells chocolate bars.SUPPLY AND DEMAND
That's incorrect. The demand for soft drinks would increase as a result of an increase in the price of iced tea, a soft drinkssubstitute.
SUPPLY AND DEMAND
That's incorrect. A change in the cost of high-fructose corn syrup, an input in the production of soft drinks, would affect the supply curve for soft drinks, not the demand curve.SUPPLY AND DEMAND
Now it is your turn to explore the law of supply. Discover how changes in price and the quantity supplied result in movement along the supplycurve.
EDUCATION VS. UNEMPLOYMENT As the graph shows, in 1992, the unemployment rate for workers with less than a high school education was almost 12%. That same year, the rate for those with a college degree was under 4%. SUPPLY - ECON LOWDOWN For the following scenario in the milk market, identify the type and cause of change. Note that these scenarios are asking about producer behavior—supply and quantity supplied.SUPPLY AND DEMAND
A good way to visualize the relationship between supply and demand is to place the supply and demand schedule data into a graph. Below is a graph of the supply and demand schedule. DEMAND - ECON LOWDOWN For each question below, click on the question to reveal the answer: For each question below, interpret the graph and then click 'See answer' to check your answer. Are you a student?Student Login Instructor Login Instructor Login* Resource Gallery
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Register for a FREE account NPR'S PLANET MONEY NOW AVAILABLE IN ECON LOWDOWN! NPR’s Planet Money is a podcast series about the economy for people who think they aren’t interested in economics. They're short, sweet, to the point, and now you can find some of them available as Audio Q&As in the Resource Gallery! Log in to take a look. ECON LOWDOWN IS AVAILABLE IN CANVAS! Want to learn more? Read about the benefits or watch a video tutorialof
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