Overview: Money, goods, and services are constantly being exchanged. Understanding who is making these exchanges and where they are made will help you understand the important role of interdependence in the U.S. and global economy.
Overview: As a consumer, you probably understand that prices affect your willingness and ability to buy things. This lesson will help to clarify and visualize that relationship.
Overview: When someone says "prices are set by supply and demand" what do they really mean? This concept helps clarify how market prices actually work.
Overview: Equilibrium prices are set when supply and demand move freely. What happens, though, when prices are forced to be set above or below the market equilibrium? This lesson explains.
Overview: All markets are not created equal. The market for candy does not look the same as the market for electricity. This lesson helps you understand different market structures and why they matter.
Overview: Measuring how many goods and services a country produces is a massive undertaking. This lesson will help you understand how it is done and why it is never perfect.
Overview: Ever hear someone complain about how expensive things are now compared to years ago? That feeling is related to inflation. Learn more about how inflation works and is measured in this lesson.
Overview: The unemployment rate is one of the most important economic measurements used to determine the health of an economy. This lesson explains how it's calculated and why all unemployment is not the same.
Overview: Just like individual markets have supply and demand, there is also supply and demand for an entire country. This concept explains the similarities and differences.
