lesson
Energy Markets: The Economics of Coal, Oil, and Natural Gas
Investigate how the discovery and extraction of fossil fuels like coal, oil, and natural gas transformed American commerce.
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Basic Economics, Markets, and Global Resources
10 lessons
Goal
Explain core economic principles including supply and demand, migration incentives, natural resource distribution, and global trade.
10 lessons
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- How Supply and Demand Shape PricesUp next
- Supply and Demand in American HistoryNot started yet
- Energy Markets: The Economics of Coal, Oil, and Natural GasYou are here
- Natural Resources Across United States RegionsNot started yet
- Global Resources: Oil and Agriculture in World RegionsNot started yet
- International Trade and Global InterdependenceNot started yet
- Economic Push and Pull Factors in MigrationNot started yet
- The Great Migration: African Americans Move NorthNot started yet
- Modern Migration Patterns in the United StatesNot started yet
- Scarcity, Choice, and Opportunity CostNot started yet
Learning standards covered
SS.5.7West Virginia Social Studies Standards · All agesExplain the concept of supply and demand in specific historic and current economic situations in the United States (e.g., slavery, oil, gas, Industrial Revolution, etc.).
SS.5.9West Virginia Social Studies Standards · All agesAssess the resources (e.g., oil, land, gas, etc.) of the geographic regions (e.g., Midwest, Middle East, etc.) of the United States and the world and explain their impact on global economic activities.