Choice Economics Weekly Worksheets

Foundation for Economic Education

Choice Economics Weekly Worksheets

Microeconomics ● Macroeconomics

A feature global news article paired with a worksheet assignment to build economic understanding in principles, advanced, or on-level economics courses.

NEW! September 2, 2024 (Choice Economics Worksheets)

Convenience Costs: Calculating Consumer Surplus (Food Delivery)

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August 26, 2024

Google’s antitrust case: market dominance, potential remedies, barriers to entry, competition, innovation, and consumers.

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August 19, 2024

Price Pressures and Pomace Panic: The Great Spanish Oil Swap

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SEARCH CHOICE: ECONOMICS WEEKLY WORKSHEETS RESOURCE LIBRARY

name,description,categories,linkUrl,imageUrl,keywords
Choice Economics - Convenience Costs: Calculating Consumer Surplus,Explore how food delivery services like Uber Eats and DoorDash illustrate key economic concepts such as consumer surplus and willingness to pay. ,Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1nd8c70vqdvVoUrC1IrEVbHj6nWK7QTcQ/edit?usp=sharing&ouid=105559733925123172620&rtpof=true&sd=true,https://media.istockphoto.com/id/1387868938/photo/cycle-courier-for-uber-eats-delivering-take-away-meals.jpg?s=612x612&w=0&k=20&c=1fkvUmJytyucmxnpZqOfhr_T0GgeAn4Hcy_J8YgiTbk=,Microeconomics|2.6 Market Equilibrium and Consumer-Producer Surplus
Choice Economics - The Government's Grip on Google's Game,"Students will read excerpts about Google’s antitrust case, analyze factors contributing to its dominance, explore potential remedies, and evaluate how barriers to entry affect competition, innovation, and consumers.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1zxuL6d2FjR3i5XFihfbdaF3EiGua24C7/edit?usp=sharing&ouid=105559733925123172620&rtpof=true&sd=true,https://www.usatoday.com/gcdn/authoring/images/motleyfool/2024/06/03/USAT/73954336007-goog.jpeg?width=660&height=482&fit=crop&format=pjpg&auto=webp,Microeconomics|4.2 Monopoly
Choice Economics - Disruption and Differential: Decoding AI's Dual Impact on Jobs and Wages,"This worksheet, suitable for in-class or homework assignments, requires students to read article excerpts on AI's impact across various jobs, including customer service, cyber security, fraud management, and content creation. It discusses the dual effects of Generative AI: potential job losses in some sectors versus gains in others, and the mechanization of tasks. The text highlights that Gen AI could replace up to half of workers in about two-thirds of U.S. occupations—far more than previous technologies. Students will compare historical labor market shifts to those driven by AI, analyze how Gen AI differs from earlier technologies, and use the supply and demand model to assess how AI influences wages in the most affected jobs. Answers are provided at the end of this document.",Microeconomics Unit 5: Factor Markets,https://docs.google.com/document/d/1s63OWY7G0xXm2ONINbyuEB-9SpkzUX4e/edit,https://imageio.forbes.com/specials-images/imageserve/66044ce14efff9f4b40faab7/AI-robot-controlling-future-hologram-UI/960x0.jpg?format=jpg&width=1440,Microeconomics|5.1 Intro to Factor Markets
Choice Economics - Cutting Costs in the Alps: Surprising Swiss Monetary Action Aims to Boost Investment ,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the unexpected decision of the Swiss National Bank (SNB) to cut interest rates in March 2024. The decision made Switzerland the first major economy to reduce interest rates after a prolonged battle against the post-pandemic inflation. Students will be asked to explain why a decrease in the interest rates in Switzerland made the Swiss franc lose its value. They will also evaluate the effect of monetary easing on the inflation rate, real GDP growth, and employment. Answers are provided at the end of this document.","Macroeconomics Unit 4: Financial Sector|Macroeconomics Unit 6: Open Economy-International Trade and Finance
",https://docs.google.com/document/d/1XCs017a6MDoTFC2SQX32z1_vKs7fb3rv/edit,https://image.cnbcfm.com/api/v1/image/107175736-1673264615429-gettyimages-1072445990-SWITZERLAND_SNB.jpeg?v=1679561146&w=929&h=523&ffmt=webp&vtcrop=y,Macroeconomics|4.6 Monetary Policy|6.4 Effect of Changes in Policies on FEM
Choice Economics - Squishy Economics: Cuddly Clones or Distinct Designs? ,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the legal battle between Squishmallows and Build-A-Bear. Specifically, the producer of Squishmallows filed a lawsuit that claimed that Build-A-Bear’s new line of plushies, called Skoosherz, “closely resembles” the Squishmallows plush toys. The plaintiff claimed that the name, texture, feel and style of the Skoosherz were very similar to those of the Squishmallows. Students will be asked to analyze the characteristics of the market for huggable stuffed animals to determine the market structure, evaluate the importance of product differentiation for the competitors in this market, and analyze the expected long-run economic profits of Build-A-Bear, TY and their competitors. The worksheet will also ask students to predict the outcome of the lawsuit. Answers are provided at the end of this document.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1RLlFYQfP15TxCYwy_x4ui-yNE64L-Htt/edit,https://www.usatoday.com/gcdn/authoring/authoring-images/2024/02/19/USAT/72657241007-squishmallows-box-lunch.jpg?width=660&height=496&fit=crop&format=pjpg&auto=webp,Microeconomics|4.4 Monopolistic Competition
Choice Economics - Apple’s Storage: iCloudy with a Chance of Regulation,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about a lawsuit that accused Apple of monopolizing the market for cloud storage on its devices. The article elaborates on Apple’s ability to mark up the price of its iCloud service. Students will be encouraged to discuss whether Apple possesses monopoly power over cloud storage on its mobile devices, and whether the company’s dominance in this market necessarily implies that Apple is a law-breaking monopolist. The worksheet will also ask students to calculate Apple’s profit given a graph of the company’s demand, marginal revenue, and various cost curves. Answers are provided at the end of this document.",Microeconomics Unit 6: Market Failure and the Role of Government,https://docs.google.com/document/d/1iQBf7HkU2rnwi5Tqt_cJvsji4SkOv4Wn/edit,https://www.reuters.com/resizer/v2/TYMYJBT7HVMUZA2FT6DRXPED6I.jpg?auth=9c6290c73f879da06ee6a39fb9216f4415706b7bc63d6c97685e61f24bbd0b95&width=1080&quality=80,Microeconomics|6.4 The Effects of Government Intervention in Different Market Structures
Choice Economics - Bittersweet Business: Breaking Down the Cocoa Price Crunch,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the effect of the increase in cocoa prices on the market for chocolate. The article elaborates on the response of chocolate manufacturers, and the strategies they utilize to control and compensate for the higher cost of the input. Increasing the price of chocolate, cutting jobs, and trying to improve efficiency are mentioned. Students will be asked to analyze and graphically show the effect of the change in the price of cocoa on the chocolate market. They will also have to evaluate the characteristics of the market for chocolate and the market share of the largest companies to determine the market structure. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1RrCE4rgXwn1tnBd4AhEbE6rV0O_S79pY/edit,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Microeconomics|2.7 Changes in Equilibrium
Choice Economics - How Chinese-Driven Nickel Investments Creates Price Takers,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the reasons why the global price of nickel has decreased, and the effect this decline has had on the nickel industry in Australia. China, the largest nickel consumer, invested in Indonesian mines to keep the price of the metal low. The decrease in nickel prices threatened Australia’s nickel industry. The article explains that low processing and labor costs give a cost advantage to China, and other producers are “price takers.” Students will be asked to analyze the market structure that nickel producers operate in. The article provides an interesting case study, because it explicitly states that most suppliers are “price takers.” However, there is only a limited number of countries that supply nickel. Answers are provided at the end of this document.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1lcUHr9KgOcMMm50jRyGNO4jcIYEOiwYn/edit,https://i0.wp.com/asiatimes.com/wp-content/uploads/2020/09/Indonesia-Nickel-Mining.jpg?resize=1200%2C800&ssl=1,Microeconomics|4.1 Imperfect Competition
Choice Economics - Pricing Perplexities: Parsing the Puzzles of Dynamic and Surge Strategies,"This worksheet, suitable for classroom or homework, involves reading excerpts from two articles about surge and dynamic pricing related to Wendy's CEO's announcement on pricing strategies. Students will learn how Wendy's clarified their approach to dynamic pricing—reducing prices when demand falls—after customer backlash, as reported by The Guardian, and explore Inc.com's insights into dynamic pricing's prevalence in various industries. The task includes explaining the differences between surge and dynamic pricing, analyzing which businesses might adopt dynamic pricing, and discussing surge pricing from a consumer perspective. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/16CHiKYGh9VhDS--7yXxJeXI6JuMFe6FZ/edit,https://i.guim.co.uk/img/media/25025855f244e4166c3e7e30ebac64abec9ee224/0_0_6720_4032/master/6720.jpg?width=700&dpr=2&s=none,Microeconomics|2.6 Market Equilibrium and Consumer-Producer Surplus
Choice Economics - Dollars and Dough: The Recipe for Girl Scout Cookie Pricing,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the reasons why Girl Scout cookies have become more expensive, why the increase varies across the U.S., and the expected response of the consumers. Students will examine the excerpts to recognize real-world examples of the law of demand, barriers to entry, and incentives. They will also compare the sensitivity of various consumers to changes in the prices of the Girl Scout cookies, and will explore the effect of the increases on the Girl Scouts’ total revenue. Answers are provided at the end of this document.",Microeconomics Unit 1: Basic Economic Concepts,https://docs.google.com/document/d/1B5GI337qH4TC5Z7HScZ435_dSMhOFYl4/edit,https://static01.nyt.com/images/2024/01/31/multimedia/00GirlScout-bzwv/00GirlScout-bzwv-jumbo.jpg?quality=75&auto=webp,Microeconomics|1.6 Marginal Analysis and Consumer Choice
Choice Economics - How Much for Thin Mints? NY Times Article,"While an increase in cost in parts of the country may surprise some cookie buyers, “Girl Scouts are not immune to the rising costs of life,” one leader said. ",Microeconomics Unit 1: Basic Economic Concepts,https://docs.google.com/document/d/1mPfNY1R4KyDSibDQQbrTHShbxZUQW4pNY6oad6Woy2I/edit,https://static01.nyt.com/images/2024/01/31/multimedia/00GirlScout-bzwv/00GirlScout-bzwv-jumbo.jpg?quality=75&auto=webp,Microeconomics|1.6 Marginal Analysis and Consumer Choice
Choice Economics - Supply Surges and Spending Shifts: Stabilizing Inflation,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the increase in U.S. labor force in 2022 and 2023, and the effect of this increase on the labor shortage and prices. The article also explains that the increase in the labor supply led to a decline in the inflation rate, but further decline in prices would require “easing in demand.” Students will have to explain why a decrease in demand and/or an increase in the labor force could lower the inflation rate. They will also need to explain why wage increases could lead to higher prices of goods and services. Answers are provided at the end of this document.",Macroeconomics Unit 3: National Income and Price Determination,https://docs.google.com/document/d/1qs2zJAF4rW2vLSsXZv8mTkyDqlrhUjoH/edit,https://images.wsj.net/im-914523?width=700&size=1.4081408140814082,Macroeconomics|3.3 Short-Run Aggregate Supply
"Choice Economics - Supermarket Sweepstakes: Mergers, Markets, and Money Matters","This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about one of the biggest retail mergers ever: the Kroger-Albertsons supermarket merger. The article elaborates on the controversy this merger has drawn since it was first announced in 2022, and the merger’s impact on the degree of competition in the grocery market and consumer prices. Students will be asked to discuss the implications of a merger related to prices, Kroger and Albertsons’ costs, and small independent competitors. They will also have to analyze the pros and cons of the Kroger-Albertsons merger. Answers are provided at the end of this document.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1q47J8gD9YrHSljauXGN97Qiamr9bkuV8/edit,https://www.usatoday.com/gcdn/presto/2023/03/08/PCIN/293680a9-13c8-47bd-a03f-5e286c6c75b8-CIN1Brd_01-08-2023_Enquirer_1_AA00220230105IMG_Kroger_Marketplace_1_1_83125FSFV_L1933193243IMG_Kroger_Marketplace_1_1_83125FSFV.jpg?width=600&height=310&fit=crop&format=pjpg&auto=webp,Microeconomics|4.5 Monopolistic Competition|4.5 Oligopoly 
Choice Economics - Debt Dilemmas: the Dynamics of the $34 Trillion Threshold,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the US government’s debt that reached $34 trillion for the first time in January 2024. The article explains that high national debt could have an adverse effect on the U.S. economy and national security, and is unjustified given the economy’s relative strength and the low unemployment rate. Then, students will be asked to discuss the reasons for the debt and its consequences. The worksheet will also ask students to analyze why an expansionary fiscal policy is often implemented during recessions. Answers are provided at the end of this document.","Macroeconomics Unit 5: Long-Run Consequences of Stabilization Policies
",https://docs.google.com/document/d/12zVWDmihTQKeEUCR39Zamc_8rgZbvgVj/edit,"https://media.cnn.com/api/v1/images/stellar/prod/240103100830-us-treasury-building-011923.jpg?c=16x9&q=h_653,w_1160,c_fill/f_webp",Macroeconomics|5.4 Government Deficits and National Debt
Choice Economics - The New Norms of Interest: The Market's Most Crucial Cost ,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article or watch an 8-minute documentary “The Rising Cost of Money” about the reasons why interest rates started to increase after they had been decreasing for more than 30 years, and how these changes affect people’s finances. Then, students will be asked to apply the knowledge of how interest rates are determined to explain the effect of real-world events on the price of money. They will also have to explain the relationship between interest rates, and savings, investment, aggregate demand, economic activity, and the inflation rate. Answers are provided at the end of this document.",Macroeconomics Unit 4: Financial Sector,https://docs.google.com/document/d/1yeBvL3JOlHpTXH3Ydvoof9K27QklCL5T/edit,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Macroeconomics|4.1 Financial Assets
Choice Economics - Why the Cost of Money is About to Go Up,BNN Bloomberg article on the price of money in the economy,Macroeconomics Unit 4: Financial Sector,https://drive.google.com/file/d/1F0vUDFoN900SmAemn8jWWO2zsDInMUmK/view,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Macroeconomics|4.6 Monetary Policy 
Choice Economics - The Slippery Slope of Soda Taxes: a Fizz-ical Responsibility?,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the effect of the introduction of a tax on sugar-sweetened beverages (SSBs) on sales in five cities in the U.S. The purpose of the tax was to discourage consumption of sugary drinks because of the negative effect they have on health outcomes, including the risk of diabetes, obesity and heart disease. Then, students will have to understand why sugary drinks impose an external cost. They will have to graph and analyze the effect of a tax on SSBs on the price consumers pay, the quantity of SSBs exchanged in the market, consumer and producer surplus. The worksheet will also ask students to discuss whether the tax is a “good public health policy” and/or would “hurt consumers.” Students will also have to compare how taxes and “the industry's strategy of offering consumers more choices” of sugary beverages with lower sugar content affect sugar consumption. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1zs4-61WxkH3f7qNI2T0cr5vA7EiPbVNq/edit,https://media.npr.org/assets/img/2024/01/05/gettyimages-452533138_custom-0a872b6d41bbb156342627257e75cca5df7dfb82.jpg?s=1100&c=85&f=webp,Microeconomics|2.6 Government Intervention
Choice Economics - Parcel Power Play: Amazon's Ascendance,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the market for parcel deliveries in the U.S. UPS and FedEx used to deliver more packages than Amazon, but more recently, Amazon began to control a larger share of the market. One reason could be a “high-tech upgrade” and the adoption of a “robotics system, named Sequoia” that has helped Amazon fulfill orders and identify inventory faster. Students will be asked to discuss the level of competition and tech innovations in the parcel delivery market. Game theory questions will also be asked. Answers are provided at the end of this document.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1gvFLTv9USP4DyBhqhkmSMvOvjAJEj2Sj/edit,"https://nypost.com/wp-content/uploads/sites/2/2023/11/amazon-delivery-worker-pulls-delivery-71957532.jpg?resize=1024,683&quality=75&strip=all",Microeconomics|4.5 Game Theory
"Choice Economics - IKEA’s Profitable Pricing: Lower Prices, Higher Sales, Happier Homes","This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about Ikea’s strategy to lower prices. Then, students will be asked to analyze this strategy and explain why it could lead to more sales and increase Ikea’s revenue. The worksheet refers to a number of topics, including the law of demand, elasticity, consumer surplus, and consumer choice. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1Uo-hy4i9ikPA-5US8D52SR_L-nzATp0E/edit,https://www.retaildive.com/imgproxy/a7Vx4q0FJ5ZqKir_qPoaVehRldf5yNACFgN7rdwJT60/g:ce/rs:fill:1200:675:1/bG9jYWw6Ly8vZGl2ZWltYWdlL0lLRUFfVVMuanBn.webp,Microeconomics|2.3 Price Elasticity of Demand
Choice Economics - The Peanut Butter Tariff Puzzle: the E.U.'s Sticky Decision,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about a tariff that the E.U. introduced on American peanut butter in 2018, suspended in 2021 until December 2023, and continued the suspension in 2023 until March 31, 2025. Then, students will be asked to analyze the effects of the peanut butter tariff on imports and consumer surplus, and discuss why the tariff suspension is “welcome news” to the American peanut butter industry. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1dCMrkLosnNwkHVbBFTIthz_5vEMcEoNX/edit,https://eu-images.contentstack.com/v3/assets/bltdd43779342bd9107/blteae8ce1d8b377ef5/64d4e36d4fdbcdd5ae16ab28/dfp-peanut-harvest-staff-tractor-background.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale,Microeconomics|2.9 International Trade and Public Policy
Choice Economics - Full Steam Ahead: Cruises and the Cost of Affordable Luxury,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about the ways in which cruise lines manage to keep the costs down, including employing workers from developing countries and building energy-efficient megaships. The article emphasizes the economies of scale of modern ships and cruise ports. It also mentions how cruises gained popularity. Then, students will be asked to discuss the fixed costs, the variable costs, and the revenue sources of cruise lines, and examine how the concepts of economies of scale and elasticity apply to the cruise industry. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/144pPi4STPniHD083UtjYP81quzFHLJvu/edit,https://images.wsj.net/im-892573/?width=2000&size=1.5003750937734,Microeconomics|2.3 Price Elasticity of Demand|2.4 Price Elasticity of Supply
Choice Economics - Consumer and Producer Surplus in the Ride-Hailing Gig Economy,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the decisions Uber drivers make, and most importantly, the decision whether to accept or cancel a ride. The article explains that Uber drivers prioritize rides that pay at least $0.80 to $1 per mile, rides to and from the airport, and rides for which the driver is more likely to find a customer for the ride back. The advantages of a low and high acceptance rate are also discussed. Then, students will be asked to estimate consumer surplus (CS) and producer surplus (PS), and changes in CS and PS in real-world scenarios. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1Lw-snLtfP4Ml0aRusJC9ln70CnkFZN40/edit,https://i.insider.com/6554f66522cf74a57397ce5c?width=1000&format=jpeg&auto=webp,Microeconomics|2.6 Consumer-Producer Surplus
Choice Economics - Caffeinated Costs: the Microeconomics Behind Your Espresso ,"This worksheet could be used for in-class or homework practice, or as a Microeconomics review because it includes multiple topics. Students will be asked to read excerpts from a short article about the reasons why the price of a cup of coffee has increased. The article elaborates on the increase in the prices of all inputs: coffee beans, milk, labor costs, business expenses, and extra ingredients consumers like to add to their coffee. Then, students will be asked to analyze the effect of given events on the market for coffee beans on related markets. They will also have to differentiate between the fixed and variable costs coffee shops pay. The worksheet asks questions related to the market structure coffee shops operate in, product differentiation, and profits. Finally, students will need to compare the price elasticity of demand for different goods. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1HZ1X68c8EtgMLzXvsle6rLRU0zBtHYlG/edit,https://img.washingtonpost.com/wp-apps/imrs.php?src=https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/TDI7M4VIHFDCXLQWOFSAZVSDYY.jpg&high_res=true&w=1920,Microeconomics|2.6 Consumer-Producer Surplus
Choice Economics - Loan Logic: Exploring the Moral Hazards of the SAVE Repayment Plan ,This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the SAVE repayment plan that lowered student loan payments. More than half of the American borrowers enrolled in the plan qualified for $0 monthly payment. Students will be asked to recognize the moral hazards of the SAVE plan. Potential unintended consequences will also be discussed. Answers are provided at the end of this document.,Macroeconomics Unit 3: National Income and Price Determination,https://docs.google.com/document/d/1mznxxWdjJPFTnBaooQTVCZpE7qpi9OuM/edit,https://imageio.forbes.com/specials-images/imageserve/6407b7435f15b0b3168619bd/TOPSHOT-US-politics-BIDEN-education-debt/960x0.jpg?format=jpg&width=1440,Macroeconomics|3.8 Fiscal Policy|5.7 Public Policy and Economic Growth
Choice Economics - Comparative Advantage in Startups: Optimal Decision Making and Efficiency,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about how the economic concept of comparative advantage applies to startups in three scenarios: startups’ choices of marketing activities to engage in, product features to prioritize, and the decision whether customer support should be assigned to internal or outside people. Then, students will be asked to analyze given scenarios to identify startups’ optimal decisions. Answers are provided at the end of this document.","Macroeconomics Unit 1: Basic Economic Concepts|Macroeconomics|Unit 5: Long-Run Consequences of Stabilization Policies
",https://docs.google.com/document/d/160QjdLlbXxBWGMQCgRStJoGypAKV1JqI/edit,https://imageio.forbes.com/specials-images/imageserve/6256d84dd1d0616201185a69/This-article-explores-how-the-comparative-advantage-concept-applies-to-startups-in/960x0.jpg?format=jpg&width=1440,Macroeconomics|1.4 Demand|5.6 Economic Growth
Choice Economics - Tariffs on Tin Mill Steel Imports: Who Wins?,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about a tariff on tin mill steel imported in the U.S. from China, Germany and Canada. Then, they will evaluate the effect of the tariff on the amount of imported tin mill steel from the fore-mentioned three countries. They will also compare the domestic consumer surplus (CS) and producer surplus (PS) in the absence of trade, under free trade, and in the presence of a tariff. The students will also analyze how the tariff on tin mill steel in the U.S. would affect the market for canned goods in the country. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1cHo7G82wMxWzX6jFh7A6HvVm-k75SGJL/edit,https://www.reuters.com/resizer/v2/A35HKTUJ3RIW5IM64NYAQL3ICE.jpg?auth=dd316c3dc92e5926c6675a311f6db7bc33cda4d323bc4244261caad5ccba8c49&width=720&quality=80,Microeconomics|2.9 International Trade and Public Policy
Choice Economics - Frugal Frontiers: India’s Moon Landing is a Reminder to Business Owners on Earth (Costs & Production),"This worksheet, suitable for class or homework, asks students to read two articles on the cost of India's Chandrayaan-3 lunar mission. One article, from Economic Times, focuses on how ISRO minimized costs, a good lesson for all future business owners seeking to maximize profits. Students will analyze why India's space missions are cost-effective compared to other countries, identify real-world examples of costs and efficiency, and discuss India’s competitive stance and future in space exploration. Answers are included at the end. Answers are provided at the end of this document.","Microeconomics Unit 3: Production, Cost, Perfect Competition Model",https://docs.google.com/document/d/1bvJZnYN8vEcvCkstaBrWkvS9xsmtl5il/edit,"https://img.etimg.com/thumb/msid-103019267,width-300,height-225,imgsize-71784,resizemode-75/jubilant-team-isro.jpg",Microeconomics|3.3 Longrun Production Costs|3.4 Types of Profit
Choice Economics - Airlines to Video Games: A Comparative Study of Market Structures,"This worksheet could be used for in-class or homework practice. Part 1, Students will be asked to read a short article about the growing aviation market in India. Then, they will have to determine what market structure describes India’s domestic aviation market, and analyze the effect of a decline in the degree of competition on the prices of airplane tickets in India. The worksheet will also ask students to analyze different situations to find analogies. Part 2, students will answer open-ended discussion questions to synthesize the two stories and draw comparisons using critical analysis. Answers are provided at the end of this document.",Microeconomics Unit 4: Imperfect Competition,https://docs.google.com/document/d/1GzO2nKloDIjbOidkb9A0WM6GGH0-hDTp/edit,https://fee.org/wp-content/uploads/2023/12/video-game-crash-1024x683.jpg,Microeconomics|4.1 Imperfect Competition 
"Choice Economics - Short-run fluctuations, Aggregate supply (AS) and aggregate demand (AD)","This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the decrease in the value of the Japanese yen, and how this helped the “world's third largest economy” grow (by increasing exports). Students will be asked to apply the AS/AD model to explain and graphically show the effect of the decline in the value of the yen on Japan’s economy in the short run. They will also have to explain the adjustment to a long-run macroeconomic equilibrium. Students will be asked to analyze the reasons for Japan’s economic growth and discuss its sustainability. Answers are provided at the end of this document.",Macroeconomics Unit 3: National Income and Price Determination,https://docs.google.com/document/d/1DiBP1rLu06U4axzccmZ5V-bKaleHI3ef/edit,https://ichef.bbci.co.uk/news/800/cpsprodpb/E038/production/_130800475_gettyimages-1541247624.jpg.webp,Macroeconomics|3.6 Changes in the AD–AS Model in the Short Run|3.3 Short-Run Aggregate Supply (SRAS)
Choice Economics - Pickleball: Paddles and Public Problems,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the rising popularity of pickleball. Playing the sport generates external benefits and external costs. Students will be asked to discuss the reasons for the pickleball craze. The worksheet will also ask students to identify the positive and the negative effects of playing the sport on players and bystanders. Students will have to recognize real-world examples of external costs and external benefits, and discuss the future of pickleball. Answers are provided at the end of this document.",Microeconomics Unit 6: Market Failure and the Role of Government,https://docs.google.com/document/d/1a_9bJXHBNI6ZlIf0TYsegbYAeWs4hLbX/edit,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Microeconomics|6.1 Social Efficiency|6.2 Externalities
Choice Economics - Google's Gigantic Grip: Market Leadership in the Digital Age,"This worksheet, suitable for in-class or homework, guides students through excerpts on Google's market dominance and antitrust trial. Students will discuss their search engine preferences, antitrust laws, and distinguish between revenue and profit.  Students will debate if Google is a ""power-abusing monopoly,"" interpret a related graph, and opine on Google's future in an AI-transformed world. Answers are provided at the end of this document.",Microeconomics Unit 6: Market Failure and the Role of Government,https://docs.google.com/document/d/16pa9nc1YQK5BmFEU_ZFSdi1sfvYMAXSl/edit,https://imageio.forbes.com/specials-images/imageserve/61fa58dbbef0220ffe1fe0fa/Cyber-Security-Concerns-In-The-Global-Wake-of-Hacking-Threat/960x0.jpg?format=jpg&width=1440,Microeconomics|6.4 The Effects of Government Intervention in Different Market Structures
Choice Economics - The Economics of Fall Flavors: Analyzing the Apple Ascendancy,"This worksheet could be used for in-class or homework practice. Students will be asked to read excerpts from a short article about fall flavors. Specifically, while pumpkin spice has been dominating the “flavors and fragrance of fall” for decades, the popularity of apple as an alternative has been rising. Students will be asked to apply economic concepts to explore some potential reasons for the shift. They will also analyze why businesses offer seasonal, limited-edition products. Finally, the worksheet will ask students to graphically show the optimal choice of a consumer and analyze how it changes when prices or income change. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1vYEuHM2xninm2ac5sWzU8uDuazLvDHoR/edit,https://www.modernretail.co/wp-content/uploads/sites/5/2023/09/grove_apple-e1717022928572.jpg?w=1000&h=640&crop=1,Microeconomics|2.1 Demand|2.5 Other Elasticities
Choice Economics - Decoding Inflation: The Fallibility of Labor Market Indicators ,"This worksheet could be used for in-class or homework practice. In this assignment, students will read excerpts from an article that challenges traditional economic theory by showing inconsistencies in the relationship between inflation and unemployment. They will analyze the proposed metric of ""the ratio of job openings to unemployed people"" as a measure of economic slack and its relation to inflation. Students will examine the German economy's alignment with the Phillips curve predictions. Lastly, they will evaluate the challenges in accurately measuring both unemployment and inflation rates.  Answers are provided at the end of this document.","Macroeconomics Unit 5: Long-Run Consequences of Stabilization Policies
",https://docs.google.com/document/d/1QrlDvr3AZnOpun32JewQPVRc0gNEOzjs/edit,https://images.wsj.net/im-73114229?width=140&height=93&pixel_ratio=1.5,Macroeconomics|5.1 Fiscal and Monetary Policy Actions in the Short Run|5.2 The Phillips Curve
Choice Economics - The Rationality Riddle: Exploring Biases in Everyday Decision-Making,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from three articles that provide real-world examples of the present bias, optimism bias, confirmation bias, and the status quo bias. This worksheet is appropriate for discussions of the reasons why individuals are not always rational. Students will be asked to analyze real-world scenarios to identify the relevant cognitive biases. They will also have to share their personal experience of making irrational choices. Answers are provided at the end of this document.",Microeconomics Unit 1: Basic Economic Concepts,https://docs.google.com/document/d/1Uu8QQjIG3b_IomhyqLTK_1eWZxlQRjNw/edit,https://assets-api.kathmandupost.com/thumb.php?src=https://assets-cdn.kathmandupost.com/uploads/source/news/2023/third-party/mentalheatlh-1695693169.jpg&w=900&height=601,Microeconomics|1.6 Marginal Analysis and Consumer Choice
Choice Economics - Price Puzzles: Exploring the Deflation Dynamics in the U.S. Economy,"This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from an article about the gradually decreasing inflation in the U.S. in 2023. The article explains that a strengthening of the U.S. dollar and lower costs of production have contributed to a “deflationary dynamic” in the goods sectors in the country. Students will be asked to explain the difference between deflation and disinflation, and analyze the reasons why some prices might be deflating. They will also have to evaluate the challenges associated with measuring the changes in the prices of some goods and services. Finally, students will need to discuss the relevance of declining prices to borrowers and lenders. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/166IPhsRLeqXO8kr1l36R0gKqbkZwrfzI/edit,https://image.cnbcfm.com/api/v1/image/107316948-1697210922612-gettyimages-1379139183-a7306825_2022_a7iii_fashionisland_09022022_gi_puyo.jpeg?v=1697215040&w=1260&h=709&ffmt=webp&vtcrop=y,Macroeconomics|2.4 Price Indices and Inflation
"Choice Economics - Chipotle's California Challenge:  New Minimum Wage Law, New Food Prices","This worksheet could be used for in-class or homework practice. Students will be asked to read the excerpts from a short article about a legislation that would increase the minimum wage of fast-food workers to $20 an hour in California. The article also discusses how the increase in labor costs for Chipotle would affect fast-food prices. The article also explains that despite a previous increase in prices, “Chipotle’s total revenues grew 11.3% to $2.5 billion in the quarter ending September 30.” Students will be asked to analyze the effect of the new minimum wage on the market for fast food workers and the market for fast food. They will also discuss the advantages and disadvantages of imposing a minimum wage, as well as the connection between price elasticity of demand and total revenue, and the implications of Chipotle’s increase in revenue despite the increase in its prices. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1tqOHfrC6xKnha0WF7pifCpHeol4GK0Nt/edit,"https://media.cnn.com/api/v1/images/stellar/prod/231026173553-chipotle-california-file-2022.jpg?c=16x9&q=h_653,w_1160,c_fill/f_webp",Microeconomics|2.8 Effects of Government Intervention in Markets
"Choice Economics - Elastic Endeavors: PepsiCo, Weight Loss Drugs, and the Fizz of Market Forces","This worksheet is designed for class or homework to explore the influence of obesity and diabetes drugs on PepsiCo's market strategy. Students will assess the drugs' impact on high-calorie food markets, analyze PepsiCo's response to shifting consumer preferences, and their effect on company revenue. The activity includes comparing price elasticity of demand, examining how price fluctuations affect Pepsi's earnings, and illustrating the varied price changes resulting from supply shifts relative to demand elasticity. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1L3G--zoUJVN46x-zcj4dqPpvfXrEXveO/edit,"https://media.cnn.com/api/v1/images/stellar/prod/231010073420-01-pepsi-products-store-shelf-file.jpg?c=16x9&q=h_653,w_1160,c_fill/f_webp",Microeconomics|2.3 Price Elasticity of Demand
Choice Economics - Dairy Debates Down Under: Perfectly Tense Times in Australia's Milk Industry,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the milk market in Australia. Specifically, the price of milk decreased significantly in 2011, forcing some dairy farmers to exit the market. However, the price of retail milk has been increasing multiple times between 2019 and 2023. Students will be asked to analyze the market structure that describes the market for milk. They will also have to graphically show farmers’ losses, and explain the price adjustment process to a long-run competitive equilibrium. The effect of changes in regular milk prices on related markets will also be discussed. Answers are provided at the end of this document.","Microeconomics Unit 3: Production, Cost, Perfect Competition Model
",https://docs.google.com/document/d/120K987uDpn7Sk854gZfycu7gN8mC44o_/edit,https://live-production.wcms.abc-cdn.net.au/ad1df299a0769739d807d5648fdc6fcf?impolicy=wcms_crop_resize&cropH=2250&cropW=4000&xPos=0&yPos=99&width=862&height=485,Microeconomics|3.7 Perfect Competition|3.3 Long-run Production Costs
"Choice Economics - Pasta Economics: Analyzing Supply, Demand, and Market Equilibrium in Italy","This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the rising price of pasta in Italy in May 2023. The increase in the price is counterintuitive given the reduction in the price of wheat, a major input for pasta production. Then, students will be asked to identify the effect of a change in the price of wheat on the equilibrium price and quantity of pasta in Italy. They will also have to recognize factors that change the supply and demand for pasta in the country. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1PRGwuIpHOj6Z_JL6sZy3OWPBu-wqsCbj/edit,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Microeconomics|2.6 Market Equilibrium and Consumer-Producer Surplus
Choice Economics - Subsidies,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about a subsidy on shoe and clothing repairs in France. The purpose is to encourage the French to repair old clothes rather than buying new ones, and to support the repair sector. Then, students will be asked to explain and graphically show the effect of the subsidy on the heel repairs market. The worksheet will also ask students to identify the winners and the losers from the bonus. Answers are provided at the end of this document.","Microeconomics Unit 2: Supply and Demand|Microeconomics Unit 6: Market Failure and the Role of Government
",https://docs.google.com/document/d/1T-R7yRX_FdMHzuUu8gymRvkSFmQ7HA4J/edit,https://ichef.bbci.co.uk/news/800/cpsprodpb/AE33/production/_130359544_dwing.jpg.webp,Microeconomics|2.8 The Effects of Government Intervention|6.4 The Effects of Government Intervention in Different Market Structures
Choice Economics - Opportunity Cost in Everyday Life: The Economics of Work-Life Balance,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the trade-off between work and personal time. The article also provides some useful tips for a good work – life balance. Then, students will be asked to identify the opportunity cost of running a business, draw a graph that shows the trade-off between work and personal time, and analyze the costs and benefits of working on an extra task. Answers are provided at the end of this document.",Microeconomics Unit 1: Basic Economic Concepts,https://docs.google.com/document/d/1V9ZOtbYk7santucUhj9m-Qe6RbmoGfwp/edit,https://imageio.forbes.com/specials-images/imageserve/646e36540d32cef72c5f411f/Shot-of-a-young-businessman-traveling-through-the-city-with-his-bicycle/960x0.jpg?format=jpg&width=1440,Microeconomics|1.4 Opportunity Costs
Choice Economics - Stacking Up Utility: The Thai Cheeseburger Challenge and Economic Concepts,"This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the introduction of a cheeseburger with 20 slices of cheese at Burger King in Thailand. Using the concept of diminishing marginal utility, students will be asked to explain why even consumers who love cheese do not enjoy having 20 slices. The worksheet will also ask students to analyze the income and the substitution effects of a change in the price of cheeseburgers. Product differentiation will also be discussed. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1IA7JQPdJsSmlwuNVC8b3DfGBmcdf-D2w/edit,"https://media.cnn.com/api/v1/images/stellar/prod/230711092413-burger-king-real-cheeseburger.jpg?c=16x9&q=w_1280,c_fill",Microeconomics|2.6 Market Equilibrium and Consumer-Producer Surplus
Choice Economics - Chocolates and Choices: Analyzing Willingness to Pay and Consumer Surplus,"This worksheet, suitable for in-class or homework use, guides students through a study on consumers' willingness to pay for chocolate in both ""blind"" and ""informed"" experiments. They will read an article about the study, then answer questions exploring the connection between willingness to pay and consumer surplus (CS). The lesson also requires students to calculate CS and predict outcomes based on the study's results.  Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/1eydXbVu6xBdgnjcl5Nnr8-vDH5Xl9QKv2ndhqBiMpTw/edit,https://cdn.labmanager.com/assets/articleNo/30340/aImg/54429/men-willing-to-pay-more-for-chocolate-than-women-m.webp,Microeconomics|2.1 Demand|2.7 Consumer Surplus
Choice Economics - Supply and Demand Shifters Examples in Global News,"This worksheet could be used for in-class or homework practice. Students will be given different scenarios, and will have to apply the supply and demand model to identify their effect on the equilibrium price and quantity of relevant goods and services. Answers are provided at the end of this document. Answers are provided at the end of this document.",Microeconomics Unit 2: Supply and Demand,https://docs.google.com/document/d/11ZRr8ebNPWODIXfKz7s1Ap89aQUpIs1J/edit,https://import.cdn.thinkific.com/801268/nSooKIBnQreWAPa8kQ5U_Thinkific%20Product%20Graphics.png,Microeconomics|2.7 Changes in Equilibrium