Demand and Supply Shifts Matching cards. Employment and Unemployment. Key Concepts Phillips Curve This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...
Grades 9-12 The Unemployment Game Students will learn about important labor market statistics that are frequently discussed in the media. Henry Ford and the Model T: A Case Study in Productivity (Part 2) When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, he probably did not realize what a great impact his achievement would have on life in the United States. and, eventually, the world.
Grades 6-8, 9-12 Why Work Now? Why do people work so hard? Grades 3-5, 6-8 Constitution Costs Grades 9-12, 6-8. Goods and Services: Some are Private, Some are Not. The role of government is to provide for the common defense, define and protect property rights, and enforce contractual arrangements. Throughout the 20th and early 21st century, government has increased its role in economic life. The role of government has expanded to address so-called market failures and externalities by expanding their regulatory reach to address environmental concerns, monopolistic competition and provide public goods. Governments have also introduced various social programs to provide a social safety net for low-income individuals and senior citizens. Goods, Public Goods, Role of Government, Services, Taxes Distinguish between goods and services provided by private businesses and those provided by government.
Students will construct a community map bulletin board using construction paper cutouts of businesses and structures. Display Visual 1 and ask students where they would call to report a broken swing set in the park. What are private goods and services? Planet Money. Visualizing Economics. Economic lesson plans, Personal Finance lesson plans and resources for educators, students and afterschool providers | EconEdLink. Unemployment -- why worry? | Broadbent Institute. Brian Lee Crowley’s recent column in the Globe and Mail shows that he's a glass-half-full kinda guy. He says we shouldn't be worried about unemployment because a) it's old-fashioned, b) Boomers had it worse (and now they're getting old) c) we're doing better than the U.S., and d) it's really only young people and immigrants that are unemployed.
This is a relief. So I shouldn't worry that the Statistics Canada Labour Force Survey indicates that real average hourly wages have risen by only twenty cents between 2009 and 2012 (an annualized growth rate of 0.3%). Or, that at the same time, real median hourly wages have actually fallen, indicating that any wage growth has been limited to a few at the top end. Crowley cites vague evidence from internet job advertisements to point out that the number of jobs going unfilled is rising fast. That's good news for Canada's 1.3 million job seekers. In terms of job creation we are treading water, but it could be worse: we aren't the U.S.! Stock Market Data - Dow Jones, Nasdaq, S&P 500. List of Symbols for New York Stock Exchange [NYSE] Starting with A.